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Kohlberg Kravis Roberts has appointed Kaveh Samie as managing director and head of Middle East and North Africa.
Previously, Samie was a managing director and head of equities for HSBC Middle East & North Africa.
The appointment takes effect on 6 January 2011.
Samie will work closely with Ford M. Fraker, chairman of KKR Middle East and North Africa, to expand the firm’s presence in the region.
“Kaveh has spent 25 years developing global and local equity platforms and building a strong network of relationships in the Middle East and North Africa. His close ties to investors, as well as
FolioDynamix, a provider of on-demand technology and product solutions to wealth management firms and their affiliated investment advisers, has received a USD16m investment led by growth equity firm ABS Capital Partners.
FolioDynamix will use the funds to extend the breadth of its technology platform and invest in sales and marketing.
As a result of the financing, ABS Capital general partner Cal Wheaton and chairman and founding partner Don Hebb will join the company’s board of directors.
“This investment is a clear indication of how we’re changing wealth management,” says FolioDynamix chief executive Joseph Mrak. “Firms and their clients demand a
RoundTable Healthcare Partners’ portfolio company Renaissance Pharma has acquired Confab Laboratories.
Confab is a contract pharmaceutical manufacturer in Montreal, Quebec.
"Renaissance is excited by the opportunity to further invest in the continued growth and success of Confab," says Pierre Frechette, president and chief executive of Renaissance. "As part of Renaissance, we are committed to supporting Confab’s mandate as a unique, fully-integrated pharmaceutical contract manufacturer."
"RoundTable and Renaissance are ideal partners for Confab," says Guy Lamarre, founder and former chief executive of Confab. "Their collective industry experience will be instrumental in building on existing partnerships with current customers and developing strong
Green Courte Partners, a private equity investment firm targeting niche real estate sectors, has promoted Sirina R. Jimenez and Antonia A. Anagnostopoulos to vice president and Jordan T. Kerger to senior associate.
Since joining Green Courte in July 2006, Jimenez has made significant contributions to the firm’s land-lease community portfolio where she has helped to optimise the operating performance of the portfolio and implement value-add strategies.
As vice president, due diligence, Jimenez will be responsible for the completion of due diligence of Green Courte’s new investments.
Anagnostopoulos joined Green Courte in June 2008. Since joining the firm, she has helped
Institutional Venture Partners, a later-stage venture capital and growth equity firm, has celebrated its 30th year with a new USD750m fund and eight new investments.
In August, IVP closed Institutional Venture Partners XIII, a USD750m later-stage venture capital and growth equity fund.
IVP XIII is the largest fund IVP has raised and brings the firm’s cumulative committed capital to USD3bn.
IVP’s eight new investments were:
1. IVP led a USD23m later-stage venture financing in Buddy Media, a social media management system.
2. IVP led a USD10m later-stage venture financing in DoubleVerify, which specialises in online advertising verification.
3. IVP led a
CDC Group, the UK’s development finance institution, has made a USD10m investment in the first private equity fund dedicated to Bangladesh.
CDC’s investment in the Frontier PE fund will be used to provide growth capital to help promising Bangladeshi businesses expand and develop key industry sectors.
Frontier has raised USD88m from development finance institutions and commercial investors. It will make long-term investments in privately owned, family companies in Bangladesh that are looking to expand and reach new markets. Its equity investments will range between USD2m and USD10m and target firms in the country’s export, agriculture, health, education, IT and services
Riverside Partners, a Boston-based private equity firm, has made a majority equity investment in Dominion Diagnostics, a laboratory services company focused on quantitative testing to support patient medication monitoring.
The investment was completed in partnership with the founders and management of the business.
For the past 13 years, Dominion has provided laboratory services to thousands of clients in a variety of medical specialties, including addiction treatment, behavioural health, pain medicine, primary care, psychiatry and hospital systems.
"When we decided to bring on a financial partner for Dominion, we focused on finding a private equity firm with significant health care expertise
MMC Ventures, the growth company investor, has invested GBP1.5m in AlexandAlexa, an online retailer for luxury children’s wear.
The company sells premium brands such as Ralph Lauren, Burberry, Little Marc Jacobs and Junior Gaultier.
MMC is taking a significant minority stake in the business.
The company is forecast to turnover GBP40m by 2014 through international expansion.
AlexandAlexa is a family owned business that was founded in September 2007 by husband and wife team Alex and Alexa Theophanous. AlexandAlexa currently stocks over 75 luxury and premium brands, offering fashion, shoes, toys, books and accessories for children aged zero to 12 years.
Centre Partners Management, a middle market private equity firm with offices in New York and Los Angeles, has sold Quickie Manufacturing to Jarden, a provider of niche consumer products.
Quickie is a manufacturer and supplier of conventional household cleaning tools in retail channels in North America.
Terms of the transaction were not disclosed.
Centre Partners and certain of its affiliates made an investment in Quickie in December 2004, partnering with Quickie’s executive owners including chairman Peter Vosbikian Jr.
Vosbikian says: "Our partnership with Centre represented a key step in Quickie’s evolution. Their expertise and support have been instrumental in facilitating
Nasuni, maker of a cloud gateway for the storage industry, has closed USD15m in series B funding led by Flybridge Capital Partners.
Existing investors North Bridge Venture Partners and Sigma Partners, who led the company’s series A funding in March 2009, also participated in the round.
Investment in Nasuni now totals USD23m for the two rounds.
Chip Hazard, a general partner at Flybridge Capital Partners, has been named to the Nasuni board of directors. Jeffrey P. McCarthy, partner at North Bridge, and Paul Flanagan, managing director with Sigma Partners, represent the current investors.
Nasuni develops the Nasuni Filer, a file
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