Latest News
Vespa Capital, a private equity company founded in 2008, has completed its first exit as with the sale of James Villa Holidays to Wyndham Exchange & Rentals.
Established in 1984, James Villa Holidays is a villa tour operator in the UK. It offers accommodation in over 50 destinations across the Mediterranean and beyond.
James Villa Holidays sells direct to its customers via its website, telephone and Bluewater store.
Vespa Capital supported the management buy out of James Villa Holidays in March 2008 when the business was acquired from its founder.
Tony Wheble, chief executive of James Villas, says: "From the
Collas Day in Guernsey and Crill Canavan in Jersey are to merge in the spring of 2011.
The combined law firms will be know as Collas Crill.
The combined firm creates a new 15 partner Channel Island firm.
The merger is intended to build on the strengths each firm has, in particular corporate and banking, investment funds, property, trusts and dispute resolution.
Collas Day’s associated fiduciary business, the Guernsey Trust Company, will continue to service the Guernsey market. Collas Day IP Management will become Collas Crill IP Management, and Collas Day’s London office will support the combined legal practices.
Chris
Glencoe Capital, a Chicago-based private equity firm, has sold its Toronto-based artisan bakery business, ACE Bakery, to Weston Foods (Canada) for CAD110m.
The ACE transaction was the fourth realisation of Glencoe Capital’s third private equity fund, Glencoe Capital Partners III, which has invested in a variety of sectors ranging from educational services to specialty chemicals.
Glencoe Capital and its affiliated private equity funds, which have aggregate capital of over USD600m, invest in direct lead-sponsored acquisitions and make growth equity investments in lower middle-market companies with transaction values between USD25m and USD125m.
ACE Bakery develops and markets a range of breads
Quarterly data published by Silverfleet Capital, a European private equity firm that specialises in buy and build, suggests the number of buy and build transactions completed by private equity backed companies across Europe during first three quarters of 2010 was up almost one third (32 per cent) on the same period in 2009.
The research, produced in conjunction with mergermarket, reveals that there has been a modest but sustained increase in buy and build during 2010 – activity which had slumped dramatically in recent years, with the number of buy and builds completed in 2009 down 48 per cent on
Arsenal Capital Partners, a New York-based private equity firm, has acquired Royal Adhesives & Sealants from Quad-C Management.
Headquartered in South Bend, Indiana, Royal offers a range of products designed to solve complex bonding, laminating and sealing applications across a range of markets including aerospace and defence, construction, specialty packaging, automotive and industrial.
John Televantos, a partner at Arsenal Capital, says: "Royal has industry-leading capabilities that provide proprietary, value-added solutions for its customers. We are impressed by the accomplishments of the Royal team and we look forward to working with management to continue the company’s focus on customer service and
Actis, a private equity investor in the emerging markets, has promoted four directors to partner: Mumbai-based Sanjiv Aggarwal and Shomik Mukherjee, and Beijing-based Tao Sun and Dong Zhong.
Paul Fletcher, senior partner at Actis, says: "These promotions acknowledge the significant contribution these individuals have made to the firm and their instinctive grasp of the core values of Actis. We are privileged to welcome Sanjiv, Shomik, Tao and Dong to the partnership."
Aggarwal is responsible for Actis’s infrastructure business in South Asia. He joined Actis’s India team in 2008 from Citigroup, where he worked extensively in the Indian infrastructure sector. He
HarbourVest Global Private Equity, a closed-end investment company listed on Euronext Amsterdam and the Specialist Fund Market of the London Stock Exchange, has reported an estimated economic net asset value of USD776.1m or USD9.35 per share as of 31 October, a 3.5 per cent increase from the 31 July economic NAV of USD749.6m or USD9.03 per share.
This change during the interim period primarily resulted from increases in the value of publicly-held securities, increases in the value of privately-held companies in HarbourVest fund of funds as the portfolio was partially re-valued to reflect 30 September 2010 valuations, and positive foreign
Cenveo, a manager and distributor of print products and solutions, has acquired Impaxx, the sole owner of Gilbreth Packaging Solutions, from affiliates of Aurora Capital Group, a Los Angeles private equity firm.
Gilbreth operates a facility in Pennsylvania and has approximately 75 employees.
It uses multiple printing technologies as a full-service manufacturer and marketer of full body shrink sleeves, tamper evident neck bands and medical and electronic tubing.
Gilbreth’s customer base includes a number of blue chip consumer product companies.
The terms of the transaction were not disclosed.
Robert G. Burton, Sr., Cenveo chairman and chief executive officer, says: "The
Apollo Global Management has appointed Marc Spilker as president, effective 1 December 2010.
Spilker will run the day to day operations of Apollo and sit on the company’s executive committee.
In addition to Spilker, Apollo’s executive committee includes: Leon Black, chairman and chief executive officer; Josh Harris, senior managing director; Marc Rowan, senior managing director; and Henry Silverman, vice chairman and chief operating officer.
Black says: "We are excited to welcome Marc as president of Apollo and believe we will benefit from his deep experience in the financial industry. His successful career at Goldman Sachs and his extensive knowledge of
Rockley Group, the technology funding group led by Andrew and Robert Rickman, is expanding its Rockley China Fund to USD200m following an agreement with the Shanxi Small and Medium Enterprise Investment Corporation, the high technology venture fund that is owned by the Shanxi provincial government.
SSMEIC and Rockley have agreed to raise a USD100m fund – Shanxi Zhongying Rockley – and work together on a new initiative to further develop the enterprise environment in Shanxi Province, China’s leading coal mining region.
Shanxi’s GDP is USD100bn and the province produces 25 per cent of China’s coal and 40 per cent of
Special Reports
Featured
- Insight
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
