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Committed Capital’s new venture capital trust is targeting private equity investment into promising high growth, smaller UK companies and take advantage of an exceptional market opportunity, significant tax benefits and the proven track record of Committed Capital’s team of investment professionals.
The fund is seeking to raise between GBP3 million and GBP25 million and will focus on investing in companies where an exit within three or four years is reasonably foreseeable. The fund will close on 31 May 2011. There will be a discount for investors who commit the first GBP3 million.
The Directors of Committed Capital VCT
Corporate law firm AZB & Partners has topped the Venture Intelligence India League Tables for 2010 as the Most Active Legal Advisor for both Private Equity and M&A deals. AZB advised a total of 90 transactions during the period.
Ernst & Young – which advised a total of 34 qualifying transactions – topped the League Tables as the Most Active Transaction Advisor (both PE and M&A) for the year.
The Venture Intelligence League Tables, which exclusively track transactions involving India-based companies, are based on volume of PE and M&A transactions advised by Transaction and Legal Advisory firms.
Among PE transactions,
Scorpio Acquisition Corporation, an affiliate of Blackstone Capital Partners V LP, has completed its previously announced acquisition of Polymer Group, Inc (PGI), one of the world’s leading producers of non-wovens materials.
PGI’s chief executive officer, Veronica (Ronee) M Hagen, says: "The sale to Blackstone is the culmination of our strategic review process and we believe that this transaction represents the best value alternative available to our stockholders. Blackstone is committed to supporting our strategy of continued growth and investment in proprietary capabilities in our markets around the globe. The leadership team and all of the employees of PGI are excited to
Guernsey has not only followed through its 2002 commitment to observe the OECD principles on transparency and exchange of information for tax purposes, but has made substantive developments in expanding its exchange of information network, according to a report published by the Global Forum on Transparency & Exchange of Information for Tax Purposes.
The report also confirms that Guernsey has in place all the necessary legal and regulatory powers to ensure it can meet the internationally agreed standard on obtaining and exchanging information for tax purposes.
Guernsey’s Chief Minister, Lyndon Trott, says: “I am delighted that, hard on the heels
Guernsey and Jersey could be showcases for clean technology investment within a few years, according to Steve Lang, a partner at Ernst & Young and head of the firm’s UK and Ireland cleantech practice.
Clean energy will form the basis of the world’s first predictable industrial revolution as carbon resources dwindle and climate change becomes an increasing global problem, he says, and the Channel Islands are a natural choice not only for cleantech financial services but physical demonstrations of low-carbon technologies.
Lang believes the islands have the potential to be at the forefront of cleantech research and development. “Anecdotal evidence
The Guernsey and Jersey governments have announced that the current British Ambassador to Bulgaria, Steve Williams, will be heading up the islands’ new joint office in Brussels.
Williams will take on the role of Director of European Affairs at the Channel Islands’ Brussels Office on Monday 4 April 2011. He will be Guernsey and Jersey’s senior representative in Brussels, leading efforts to develop the islands’ influence, while advising the respective governments on European and international matters.
Guernsey’s Chief Minister, Lyndon Trott, says: "I am delighted with the appointment of our new Director. His experience and track record are of an
Arma Partners has acted as exclusive financial advisor to The Cloud Networks Limited (The Cloud) on its sale to BSkyB for less than GBP50m.
The Cloud is Europe’s leading independent public WiFi operator, with a market-leading managed and hospitality services platform in the UK and Germany including venues such as Pret A Manger, McDonalds and Wetherspoons. Sky is in a strong position to leverage The Cloud through accelerated expansion of the public WiFi footprint and by extending The Cloud’s offering to Sky’s existing customers, enabling high-speed broadband access outside the home.
Public WiFi technology is gaining in strategic importance
Private equity firm Altamont Capital Partners has successfully closed its first fund with USD500 million of capital, with approximately 10% coming from the General Partner and its affiliates.
Altamont was formed in 2010 by private equity veterans Jesse Rogers, Randall Eason and Keoni Schwartz. The fund will invest in change-intensive, middle market businesses across a range of industries, specifically seeking more complex situations where Altamont can partner with management to implement strategic and operational change. The fund will target investments between USD10-75 million in equity, primarily for control positions.
Altamont’s Managing Directors, Jesse Rogers, Randall Eason, and Keoni Schwartz, who
Cordiant Capital Inc is to provide USD27 million to fund the expansion of one of the most important ports in Vietnam.
Despite concern about the economic impact of dwindling reserves of fossil fuels and the intertwined issue of the cost of controlling or dealing with climate change, experts are convinced that investors can expect buoyant long-term returns from the so-called ‘cleantech’ sector over the coming years and decades.
Another beneficiary could be the Channel Islands, where Ernst & Young is looking to showcase its cleantech work, both as a hub for research and development and as a domicile and service centre for funds channelling capital into the sector.
Clean energy technology has experienced a “seismic shift” in attitudes in recent years,
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