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Huntsman Gay Global Capital, a middle market private equity firm, has made a growth equity investment in iCongo, an e-business systems and software developer that provides an e-commerce platform with B2C, B2B, multi-channel, order management and marketing solutions.
iCongo’s founders will continue to manage the business going forward. Terms of the private transaction were not disclosed.
Headquartered in Montreal, iCongo serves more than 100 clients with its e-commerce platform and related services, including many multinational and world-renowned retailers and brands. The company recorded a revenue increase of more than 30 per cent in fiscal year 2010 and added 13 new
Dorchester Capital Advisors, a California based SEC registered investment advisory firm, has hired Kyle McDaniel and Jay Van Ert as partners serving as chief strategy and administrative officer and as partner over portfolio construction, respectively.
They will complement the existing team in hedge fund research, portfolio construction and risk management and will be appointed to the firm’s management committee where they will help manage the firm and implement long term strategic initiatives.
McDaniel most recently served as chief risk officer and manager in strategic research and risk management for Teacher Retirement System of Texas, one of the largest pension plan
The CapStreet Group, a Houston-based lower-middle market private equity firm, has completed its final close for CapStreet III, reaching total commitments of USD178m.
CapStreet III’s investors consist of financial institutions, pension funds, insurance companies, funds of funds, and family investment offices.
“We are very pleased to have the support of such a high quality group of investors, particularly during a challenging fundraising environment,” says George Kelly, CapStreet’s chairman and chief executive.
CapStreet III has already invested approximately 30 per cent of its capital commitments in three platform investments: GHX, a fabricator and distributor of industrial gaskets and hoses; Trinity Steel,
Regulatory reforms and a range of other factors will trigger increased shareholder activism over the next 12 months, according to the second edition of Shareholder Activism Insight published by Schulte Roth & Zabel in association with mergermarket.
Based on a series of interviews with corporate executives and activist investors, the study examines the core issues affecting shareholder activism in the current market and provides a forecast for shareholder activism in the year ahead.
The majority of both corporate (64 per cent) and activist (60 per cent) respondents expect to see an increase in shareholder activism in the upcoming 12 months.
Arma Partners has acted as exclusive financial adviser to Latens Systems on its sale to Pace.
The transaction is valued at GBP28.75m.
Founded in 2002 and headquartered in Belfast, Latens specialises in payTV software security and enhanced TV services. Latens provides a range of solutions in next generation software Conditional Access and Middleware for all types and sizes of payTV operators including cable, IPTV, DTH, DTT and mobile. Latens has offices in the UK, US and India.
Pace is a technology developer for the global payTV market, working across satellite, cable, IPTV and terrestrial platforms.
Arma Partners is
Platina Partners, a private equity fund manager specialising in renewable energy infrastructure investments and special situation buyouts, has acquired 10MW of solar photovoltaic projects from the Degennaro Group, an Italian construction firm.
The PV projects become Platina’s first operational plant in Italy, supporting an investment strategy focused on the assembly of a portfolio of operational renewable electricity generation projects across Europe.
Following this investment, Platina’s portfolio includes 162MW of renewable energy projects in operation, including 31MW operational solar PV projects, a further 82MW in construction and over 900MW of projects in development.
Since Platina was established in 2002, it has
The role of shareholders in the governance of risk is currently a major issue for institutional investors. Shareholders have been criticised for failing to challenge the high risk business strategies of many banks and other financial institutions prior to the financial crisis, says Miles Templeman (pictured), Director General of the Institute of Directors.
Indeed there is a good deal of anecdotal evidence which suggests that, in certain cases, investors actually encouraged banks to take on additional risk in the name of “balance sheet efficiency”. This has caste doubt on the ability of shareholders to act as effective governance safeguards within
Edhec, in partnership with Ville de Nice, Nice Côte d’Azur, EPA de la Plaine du Var, Team Côte d’Azur and CCI Nice Côte d’Azur, has decided to launch an international conference to promote green investing.
By organising the Nice Côte d’Azur International Sustainable Development Financing Conference, Edhec and its partners are seeking to present the latest research on investment criteria in sustainable development and on new findings and innovative projects in the field of green business.
The morning will be broken down into plenary sessions presenting research on the financial assessment of sustainable development investment. These sessions will be followed
GB Merchant Partners’ 1903 Equity Fund, the institutional private equity affiliate of Gordon Brothers Group, has acquired Ashley Stewart, a retailer in the plus-size fashion industry.
Headquartered in Secaucus, New Jersey and founded in 1991, Ashley Stewart currently operates over 200 stores and a complementary e-commerce business.
The company is led by chief executive Laura Weil and president Steve Newman.
"Ashley Stewart is an iconic brand in the plus-size fashion industry," says James Rhee, managing director of GB Merchant Partners. "The brand commands intense loyalty amongst a loyal customer base. By funding the business with a significant amount of permanent
Wheb Ventures, a European clean technology private equity firm, has changed its name to Wheb Partners.
"Wheb has evolved during the last three years from being a relatively small cleantech venture capital firm into a diversified but integrated environmental specialist fund management firm," says James McNaught-Davis, managing partner. "We have grown the private equity team alone from four to ten investment professionals, opened an office in Munich and successfully raised GBP105m for our second cleantech private equity fund. The change in name from Wheb Ventures to Wheb Partners is designed to reflect the firm’s expansion."
Wheb Partners is part of
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