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GF Data’s 2010 Year End Report reveals deal volume in the middle market surged ahead in 4Q 2010, marking the most deals done since the onset of the economic crisis, and reflecting continued improvement in the overall M&A market.
The 155 private equity firms currently contributing to GF Data reported 58 completed transactions in the fourth quarter of 2010, closing out the year with a total of 147 completed deals.
For the third quarter in a row, completed deal volume was about double the rate of activity in the same period in 2009. PE firms in the GF Data universe
Lightspeed Venture Partners, a global venture capital firm with over USD2 billion of committed capital, has promoted John Vrionis (pictured) to managing director.
“John has been a valuable member of our team, driving key investments with some of the most promising enterprise infrastructure startups over the past five years,” says Chris Schaepe, Lightspeed co-founder and managing director. “In this senior role, he will continue to build our strong portfolio in disruptive growth segments relevant to the datacenter, including cloud computing, virtualization, data management, and next generation networking.”
Vrionis joined Lightspeed in 2006 as a senior associate and was later promoted
Eurazeo’s performance in 2010 was marked by a return to growth in the first half of the year, which strengthened in the second half, according to the company’s latest quarterly financial information.
Growth was particularly sustained during the 3rd Quarter, resulting mainly from Europcar’s strong contribution to Eurazeo’s revenues reflecting the seasonal effect on its business.
2010 consolidated revenues for Industry and Services was 3,835.5 million euros, an increase of 3.5% on a reported basis and 4.0% on a comparable basis. Despite the exit of B&B Hotels from the scope as of July 1, 2010, the pace of growth accelerated
Aureos Capital, the private equity fund management company, has expanded its Asia operations with the opening of a regional head office in Singapore.
The Singapore office will be a regional hub for Aureos’ existing offices across South and South East Asia. Aureos has 13 offices across Asia, including India, China, Indonesia, Thailand, Vietnam, the Philippines, Malaysia and Brunei.
Aureos plans to more than double the number of employees within its Singapore office by the end of 2011. Aureos currently has 74 staff working across Asia.
Sev Vettivetpillai (pictured), CEO of Aureos Advisers Ltd, says: “Asia currently accounts
Throgmorton, one of the UK’s largest specialist accountancy and professional services providers to the hedge fund, private equity and corporate finance industries, has hired Sara Selvarajah to bolster its tax team.
Selvarajah will assist and service Throgmorton’s increasing client base with her knowledge across all aspects of tax. The firm hopes to capitalise on the shrinking banking sector and the growing number of proprietary trading desks spinning out to set up fund management companies. Selvarajah’s significant experience and contacts within the banking sector will help achieve this.
Formally a senior member of the tax team at Salomon Brothers and
Ogier Cayman’s litigation team has promoted both Shaun Folpp and Rachael Reynolds to Managing Associates, and Michael Makridakis to Senior Associate. These appointments reflect the contributions of these individuals to Ogier’s litigation practice over the past 18 months.
Ogier Fiduciary Services Cayman Limited meanwhile, has promoted Scott Dakers to Director. In his new role, Dakers will focus on ensuring the highest quality of services targeted to clients in the investment funds sector as well as corporate and commercial.
“These promotions reflect the outstanding contributions these individuals have made in their respective areas of expertise,” says Peter Cockhill, Managing Partner,
ConnectAndSell, a provider of on-demand telephone conversations with prospects and customers, has closed aUSD$7.5 million later-stage round of financing led by Institutional Venture Partners (IVP).
In conjunction with the financing, Steve Harrick, General Partner of IVP, has joined Mike Maples Jr, Managing Partner of Floodgate, on the company’s Board of Directors. Floodgate is the original seed investor in ConnectAndSell.
ConnectAndSell provides Live Conversation Automation solutions, using disruptive technology to dramatically increase the number of live telephone conversations sales representatives can have per hour. The company’s solution combines proprietary software with outsourced call centres to substantially improve the connect rate. ConnectAndSell customers
August & Debouzy advised François Sarkozy, Yannick Sabatin and their respective consulting firms, FSNB Conseil and YS Conseil, on the sale of the entire share capital of Healthcare Consulting – which has now become Publicis Healthcare Consulting – to the Publicis Group.
Publicis Healthcare Consulting is a strategy, organisation and management consulting firm for industrial operators in the health sector, headquartered in Paris and with an office in New York. Publicis Healthcare Consulting will continue to be led by its founders, François Sarkozy and Yannick Sabatin.
August & Debouzy’s teams, led by Gilles August, partner in the firm’s corporate department,
Kohlberg Kravis Roberts & Co has appointed Steven R Okun as Director of Public Affairs in Asia Pacific, effective 13 February 2011. Okun will be responsible for overseeing the firm’s public affairs, corporate citizenship and external communications in Asia Pacific, as well as for helping to support the public affairs and communications efforts of KKR’s portfolio companies in the region.
Okun, who currently serves as Chairman of the American Chamber of Commerce in Singapore, and until October 2010, was Vice President for Public Affairs for UPS in Asia Pacific, will report to Kenneth B Mehlman, Member and Global Head of
Phase4 Ventures, the Life Science venture capital business of Nomura, has been acquired by its management team, and a significant portion of its assets under management have been sold to funds managed by HarbourVest Partners LLC.
Dr Denise Pollard-Knight (pictured), Managing Partner of Phase4 Ventures, says: “We are delighted to have HarbourVest as our new partner as we move forward as an independent venture capital firm with the team that built this business for the past decade from within Nomura. This transaction achieves the objectives of all the parties involved, allows us to continue supporting our portfolio companies whilst
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