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Venture capitalists put EUR916m into 198 deals for European companies in the third quarter in 2010, according to Dow Jones VentureSource.
This is the lowest quarterly deal count for Europe since Dow Jones VentureSource began tracking the region ten years ago.
Despite a 25 per cent drop in deal flow from 263 deals in the third quarter of 2009, investment rose six per cent from EUR866 m.
In the third quarter, every major industry recorded a year-on-year decrease in investment and deal flow except healthcare, which maintained its position as the largest sector, and consumer services, which overtook information
Wellspring Capital Management has closed Wellspring Capital Partners V with capital commitments totaling USD1.2bn.
Fund V is Wellspring’s largest fund to date, bringing the firm’s assets under management to more than USD3bn.
Fund V’s limited partners include institutional investors from the US, Canada, Europe, Japan and Australia.
The fund will continue to pursue Wellspring’s investment objective to acquire or invest in middle-market companies that are well-positioned to capitalise on change and can benefit from Wellspring’s operating and financial expertise.
Wellspring has the flexibility to complete transactions ranging from USD50m to USD2bn in total value in a wide range of industries.
Two figures from the financial services industry in the Far East discussed the importance of the Economic Co-operation Framework Agreement between China and Taiwan at a seminar in Taipei last month.
An audience of over 60 senior intermediaries attended the seminar, organised by Equity Trust, a supplier of trust and fiduciary services, to learn more about the opportunities the ECFA is likely to create.
Eddy Yeung, director from Equity Trust’s Hong Kong office, was joined on the platform by David Cho, the head of international tax and accountancy firm HLB Hodgson Impey Cheng, to look at what this historic agreement
Emerging markets are generating increasingly high returns for private equity investors and could soon account for the lion’s share of deals, according to a study from IESE Business School and The Boston Consulting Group.
However, the most attractive markets are not necessarily the ones that have captured the headlines in the past, and the key success factors for investors differ significantly from those that have worked in developed countries.
The study, which is based on an analysis of the largest data set of its kind, reveals that emerging markets’ share of deals has increased steadily from five per cent in
RoundTable Healthcare Partners, a private equity firm focused exclusively on the healthcare industry, has acquired a majority interest in Salter Labs.
Founded in 1976 by Peter Salter, Salter is a manufacturer of disposable respiratory and sleep diagnostics products used in both the home medical and acute care markets.
"Salter represents an exciting opportunity for RoundTable to enter the respiratory market," says Lester B. Knight, founding partner and co-chairman of RoundTable. "We are looking forward to partnering with the management team and employees of Salter as they expand on their successful track record of developing and marketing innovative products."
Knight will
Fortress Investment Group has priced Whistler Blackcomb’s initial public offering of 25,000,000 common shares at CAD12.00 per share.
The offering will generate total gross proceeds of CAD300m.
Proceeds of the offering will be used to facilitate the acquisition of a 75 per cent interest in the partnerships that own the Whistler Blackcomb resort in British Columbia from Intrawest ULC.
The closing of the offering is scheduled for 9 November, subject to customary closing conditions.
The Toronto Stock Exchange has conditionally approved the listing under the symbol WB.
Following completion of the offering, Intrawest ULC, an entity primarily owned by certain
TLG Capital has closed its first deal in Liberia with an acquisition of a 40 per cent share in the Snapper Hill Clinic.
This represents TLG’s third healthcare related deal since inception in 2009 and its sixth deal overall as TLG Capital expands its platform in frontier markets.
Founded in 1980 by Dr Sirleaf, the Snapper Hill Clinic currently offers general healthcare services and consultations to people of all ages. It was the only private clinic to continue to operate during Liberia’s civil wars and continues to serve the Monrovian population in an environment where health provisions are scarce.
TLG
The Abu Dhabi Investment Authority, an investment institution owned by the Government of Abu Dhabi, has appointed James Kester as chief investment officer in is private equities department.
Kester will be responsible, together with members of the department’s senior management team, for developing ADIA’s strategy in the private equity space and overseeing the activities of the private equity programme.
Based in Abu Dhabi, Kester will report to Hareb Al Darmaki, executive director of the private equities department.
Kester joins ADIA from Zurich Alternative Asset Management in the US, where he served as head of private equity and a member of
Endeavor has merged with Capital Trust of Boston and its founding partners Kurt Stenhouse and Chris Anderson.
The newly created company, Endeavor Capital, is now Greater Boston’s largest provider of alternative real estate financing and anticipates closed transactions to quickly exceed USD100m.
“We are excited about bringing together the strengths of our companies after several years of participating together in funding numerous special situation loan transactions under extraordinary economic conditions,” says Anthony Borghi, president of Endeavor. “The synthesised loan underwriting infrastructure that Kurt and Chris have developed with their employees over the past 15 years is unparalleled and I look
The corporate team at Carey Olsen has advised Caparo Energy on its listing on AIM, the London Stock Exchange’s alternative investment market.
This is the second Indian wind farm company taken to AIM by Carey Olsen in the past year.
Caparo Energy is an independent power producer in India focusing on the establishment of wind farms with an intention to acquire a portfolio of wind farms with a target total annual installed capacity of up to 5,000 MW by 2017.
Carey Olsen advised on Guernsey legal and regulatory aspects of the establishment of the Guernsey holding company and its
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