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Guardian Capital Partners (GCP) has acquired a controlling interest in PPI-Time Zero, Inc (PPI).
Headquartered in Paterson, New Jersey, PPI is a leading electronics manufacturing services (EMS) company which provides contract manufacturing of highly reliable components to the aerospace, defence, medical and industrial electronics industries. With 40 years of service within the EMS industry, PPI is known for its superior quality manufacturing of mission-critical products in the low-to-medium volume production environment.
Dana M Pittman, CEO of PPI, says: “We are very pleased to have established a partnership with Guardian Capital Partners and are looking forward to working with them in
Private equity is expected to continue to seek investment opportunities in the struggling US banking industry in 2011, particularly with respect to the over 7,000 community banks with assets of up to USD1 billion, according to this report by Gregory J Lyons (pictured) and Gregory V Gooding, partners in Debevoise & Plimpton’s New York office.
At the beginning of the financial crisis, private equity firms focused almost exclusively in failed bank opportunities, as a result of various factors that included uncertainty as to the true condition of targets and the favorable terms available under Federal Deposit Insurance Corporation (“FDIC”) loss-sharing
Private equity merchant banking firm Crescent Financial Partners has purchased a 30 per cent stake in online retailer BeautyTicket.com.
Recently named InStyle’s “Best of the Web 2010,” and Women’s Wear Daily’s “Top Beauty e-Tailer,” BeautyTicket.com offers premium beauty brands at up to 85 per cent off recommended prices. Fuelled by a weak economy and the popularity of online discount retailers, Crescent believes the company is positioned to become a leader in the online beauty space over the next twelve months as consumers continue to look for deals and buying decisions are influenced by the people behind the brand.
“We believe
Private equity firm Avista Capital Partners has hired Charles McIlvaine, former Global Co-Head of the Consumer Group for the investment banking division of Deutsche Bank, to focus on the firm’s investment opportunities in the consumer sector.
In addition, McIlvaine will serve as a director of Armored AutoGroup, an Avista portfolio company comprised primarily of the Armor All and STP automotive aftermarket brands.
David Burgstahler, President of Avista, says: "Having recently worked closely with Charlie during Avista’s acquisition of the Global Auto Group (now renamed Armored AutoGroup) from The Clorox Company, we were impressed by his knowledge of the global
Guernsey has signed further bilateral Tax Information Exchange Agreements (TIEAs) with Canada and Romania, taking the total number of TIEAs signed by the island to 21.
On 19 January 2011 a bilateral TIEA was signed with Canada by Guernsey’s Chief Minister, Lyndon Trott.
“In view of the historical connections between Guernsey and Canada, I was delighted to welcome His Excellency James R Wright, High Commissioner for Canada, to Guernsey, to sign the Agreement," says Trott (pictured with Wright). "While in the Island, His Excellency took the opportunity to meet with industry representatives with business connections in Canada.
“The signing of
Matrix, a specialist in investing in the clean energy sector, has launched two clean energy VCTs – Matrix Clean Energy VCT 1 plc and Matrix Clean Energy VCT 2 plc in a Linked Offer – with the aim of raising GBP12.5 million per VCT. The VCTs have already received reservations for investment totalling GBP10.5 million in aggregate.
The primary investment objective of both companies is to generate attractive long-term levels of income by investing the majority of net proceeds raised in companies undertaking Clean Energy projects, predominantly industrial rooftop solar energy projects in the UK and potentially Europe.
The two
General Atlantic (GA) has become the second largest shareholder in Kaspersky Lab, a developer of secure content and threat management solutions.
The agreement with GA marks the next stage of Kaspersky Lab’s global growth strategy. The company will benefit from GA’s strategic support for management’s vision to continue its global market expansion. Details concerning the financial aspects of the deal have not been disclosed.
Eugene Kaspersky, CEO, co-founder and controlling shareholder of Kaspersky Lab, says: “For Kaspersky Lab, this partnership is a strategic step in our global growth plans to bring on board a long-term, experienced international growth
The London Stock Exchange Group (LSE) and the Mongolian State Property Committee (SPC) have signed an exclusive Strategic Partnership Agreement to restructure and develop the Mongolian Stock Exchange (MSE).
According to pan-regional investment bank Eurasia Capital, this is an important milestone in the development of the Mongolian securities market with long term positive impact. According to the agreement, LSE will appoint a management team to oversee MSE development and privatisation, and will provide trading and surveillance infrastructure. The MSE is expected to go through a comprehensive reform and upgrade as LSE plans to be involved from advisory and training on
Sidley Austin LLP has appointed Ted Kamman as a partner in New York in the firm’s M&A and private equity practice. Kamma, who has more than 17 years of experience working on international deals under the laws of more than 22 different countries, focuses on cross-border mergers and acquisitions and securities offerings.
In addition to advising Asian and European acquirers on strategic transactions, Kamman has, over the course of his career, represented most of the major investment banks. He has represented buyers, sellers and target companies in public tender offers, as well as privately negotiated M&A deals.
“Ted has significant and
The merger this spring of Guernsey law firm Collas Day with Jersey’s Crill Canavan, this spring will strengthen the profile of the combined firm throughout the Channel Islands and boost its ability to service clients worldwide, especially from Asia, according to Collas Day senior partner Chris Bound (pictured).
The two firms will combine to create a 15-partner firm, Collas Crill, that will enjoy a high profile in areas including funds, property, litigation and dispute resolution, and employment.
Bound argues that the similar profile of the two firms is an important factor in their compatibility. “The rationale for the merger is
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