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Private equity firm NewSpring Capital has made an investment to support Raritan’s growing power management business that helps companies improve energy efficiency and operations in their data centres. Funds were provided through NewSpring’s growth equity fund — NewSpring Growth Capital II, LP.
Raritan plans to use the investment proceeds to facilitate its rapid and accelerating growth in the data centre power management market through the development of new products and expansion into additional geographies.
As a leading provider of secure IT infrastructure management solutions, Raritan entered the power management solutions business three years ago to help companies monitor and manage
The Emerging Markets Private Equity Association (EMPEA)has formally launch its Asia Council, an advisory group initially comprised of 12 senior representatives from leading GP, LP and other members in the Asian private equity community.
The Asia Council will help EMPEA deepen its Asia-focused content and programming and advise EMPEA on identifying the issues of critical importance to the Asia-based community. The formal launch of the Asia Council follows a preparatory meeting held last March in Hong Kong, and the successful establishment of EMPEA’s Africa Council last fall.
Philip Bilden (pictured), Managing Director at HarbourVest Partners (Asia) Limited, a
Large private equity firms don’t preform as well as their smaller peers according to new research by Florencio Lopez-de-Silanes of EDHEC Business School.
Lopez-de-Silanes’ report, “Giants at the Gate: On the Cross-Section of Private Equity Investment Returns,” co-authored with Ludovic Phalippou and Oliver Gottschal, examines the determinants of private equity (PE) returns using a newly constructed database of 7,500 investments worldwide over forty years. The dataset is, to the best of the authors’ knowledge, the largest panel of worldwide PE (buyout) investment performance.
According to the study:
The scale of private equity firms is a significant and consistent driver of
The Mekong Brahmaputra Clean Development Fund, managed by Dragon Capital Clean Development Ltd, has concluded its initial fund investment in the recent IPO of Electricite du Laos Genera
Black Pearl Capital’s private equity fund, Black Pearl Capital Partners (BPCP), has successfully completed the acquisition of Canadian Energy Equipment Manufacturing FZE (CEEM), a specialist in custom-made equipment for the oilfield industry. As part of the transaction, Tyler Hague, the founder of CEEM, will continue as its Chief Executive Officer.
"BPCP’s expertise, knowledge, and substantial financial resources will enable us to increase our product and services offering in order to continue growing our existing customer base and expand CEEM’s regional footprint," says Hague. "This move is fundamental to the company’s long-term potential and to its immediate growth path within the
AXA Private Equity has signed an agreement with Bain Capital to acquire a majority stake in the chemicals group Novacap for an enterprise value of approximately EUR240 million, with the support of Novacap’s existing management team, headed by its CEO Pierre Luzeau.
This is the latest in a series of transactions in the chemicals industry for AXA Private Equity and follows the acquisition and then exit of Eliokem (France). The firm also has CABB (Germany) and Unipex (France-Canada) in its current portfolio.
Novacap is a diversified group headquartered in Lyon (France), producing and selling mineral and organic chemical products,
Hutton Collins has led GBP99 million of subordinated facilities in the refinancing of coffee house chain Caffè Nero. Under the terms of the investment, Hutton Collins has arranged GBP99 million of mezzanine and PIK financing which has been held by Hutton Collins Capital Partners III, Goldman Sachs European Special Situations Group and Bayside Capital.
The financing will be used by Caffè Nero, headed by Gerry Ford, to refinance existing facilities and to position the Company for further expansion. The company currently has over 440 coffee houses in the UK and expects to open an additional 50 stores per year.
Avolon, the aircraft leasing group, has announced a second capital raising of USD650m comprising USD250m of equity and USD400m of debt finance. The company has also agreed terms to acquire 11 new aircraft, under sale and leaseback structures, from four airlines.
The USD250m of additional equity has been raised from Avolon’s existing investors: Cinven, CVC Capital Partners and Oak Hill Capital Partners. A number of other investors have also participated in the equity raising including Oak Hill Advisors. The USD400 million of debt finance was provided by three European institutions – DVB, Nord LB and KfW IPEX-Bank – in separate bilateral
Marc Nahum has joined the Investor Development Group of private equity investor Actis as Distribution Director for Europe and the Middle East, based in London.
The Investor Development Group, led by Actis Partner Jonathon Bond, manages relations with Actis’s 118 investors, as well as potential new partners.
Nahum has worked in fundraising for over a decade and brings a wealth of contacts and experience to Actis. He has been involved in more than 50 fundraisings worth in excess of USD70bn in aggregate. He was formerly Director, Client Relations at RREEF, Deutsche Bank’s alternative investments business, and a Director in
Swiss private equity investors Corestate has appointed Phillip Burns, formerly a Financial Managing Director at Terra Firma Capital Partners, as Chief Executive Officer.
Burns will join in mid-February and primarily will be based at Corestate’s HQ in Zug, but will split his time between each of the firm’s partner offices in London, Frankfurt and Luxembourg.
Burns brings a wealth of real estate and transaction experience to Corestate having joined Terra Firma in 2002 at the time of its spin out from Nomura, the Japanese investment bank. During his time at the firm he was involved with several transactions in
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