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Evolution One Fund, a ZAR700m clean technology private equity fund, has invested ZAR51.8m (GBP4.6m) into South African waste management company EnviroServ Waste Management.
The fund’s investment supports the enhancement of black economic empowerment in respect of EnviroServ’s ownership structure.
Wayne Keast, managing partner of Evolution One Fund, says: “The structure of our investment instrument provides the fund’s investors with visibility over investment returns and, together with our alignment and collaboration with one of the largest waste companies in Africa, makes this an attractive investment for the fund.”
Established in 1979, EnviroServ is now the largest waste management company
Brand Group, the parent holding company of Brand Bank, has entered into agreements that contemplate the investment of up to USD200m in capital.
As part of the first phase of investment, agreements have been signed with affiliates of The Carlyle Group, The Stephens Group, the Cousins family’s Nonami and various individual Atlanta investors.
The proceeds will be used to strengthen Brand Bank’s balance sheet and provide capital for general corporate purposes.
As part of the transaction, John E. McKinley, III, will become a Brand Group investor and executive chairman of Brand Group and Brand Bank. McKinley was principal operating
Best-in-class private equity firms will thrive due to ample buying opportunities available in the European marketplace, and will play an increasingly pivotal role in the technology, media, and telecommunications landscape, according to a report from Pyramid Research.
The report, called Meet the Parents: Private Equity to Play a Prominent Role in European M&A, highlights the trends in the telecom segment that are driving the rethink at the operator level and the factors that are likely to drive a resulting increase in financial sponsor activity.
The report also profiles firms from the PE space and outline the role and resources (both
Darwin Private Equity has completed its third investment of 2010 with the acquisition of a majority stake in Euroffice.
Euroffice is a UK online office supplies company serving the SME market.
In 2009 Euroffice began its international expansion with a launch into the Italian market. The company now employs 49 people in London and Milan.
Darwin is backing the existing management team, led by chief executive Simon Drakeford. Euroffice’s founder George Karibian will remain with the business as non-executive chairman.
Karibian says: “Euroffice has succeeded in achieving significant scale and sustained growth in a market that has suffered during
Private equity firm Permira has appointed David Ho, former president of Nokia in China, as senior adviser.
Ho will help Permira expand its presence in Greater China and will advise the funds on investment opportunities in the region.
Ho will be based in Beijing.
Since 2008, Ho has been chairman of Kiina Group, an investment company backing internet and communications technology start-ups in Greater China.
Previously he spent 27 years in the telecoms industry, holding a number of senior positions at Nokia, including chairman of Nokia Siemens Networks, where he was responsible for the entire business and operations in the
Provident Healthcare Ventures has launched its inaugural Principals Fund I with USD25m of committed capital.
All capital invested in the fund will be provided by the principals of Provident.
The fund includes both an incubator for early stage start-up funding, as well as more traditional seed funding for larger investments and more mature operating companies.
Investments will range from USD250,000 to USD3m, and focus on a number of growing healthcare services sectors, including homecare, hospice, specialty/institutional pharmacy, infusion therapy, and disease and therapy management.
"Provident Healthcare Ventures is a natural extension of what we’ve done for more than a decade,"
Susan Clark has joined Heritage International Fund Managers as head of fund administration, responsible for the delivery of the company’s fund administration services as well as coordinating growth overseas.
Clark has nearly 30 years’ experience working in the funds industry, most recently as head of funds services and executive director for fund administration at BNP Paribas Securities Services in Jersey where she worked for 16 years throughout various acquisitions.
Clark has held a number of positions on various trade bodies including a period as vice-chairman of the Jersey Funds Association. A Chartered Fellow of the Chartered Institute for Securities &
Arx Equity Partners, the Central and Eastern European focused private equity investment firm, has joined current owner Benson Oak Capital as investor in the Bochemie Group, a producer of household care products and a manufacturer of specialty chemicals.
Arx will take a minority stake in the group.
The investment by Arx is intended to support and facilitate Bochemie’s strategy to continue to deepen and widen its business activities via acquisitions, in particular in the Central and Southeastern European household care sector, by bolstering available financial resources.
“We gladly welcome an investor with a proven track record and intimate knowledge of
Abraham Merchant and Kenneth Kuhn, managing directors of Global Capital Investments, have launched the Iraq Fund.
The fund will invest primarily in listed equities of the Iraq Stock Exchange and up to 20 per cent of its assets in private, less liquid, early-stage investment opportunities that focus on Iraq’s infrastructure and natural resources.
Merchant and Kuhn say recent trends in Iraq make the petroleum-rich country a compelling investment opportunity.
“As Iraq’s economy transitions, it is in the process of adopting legal and regulatory reforms that will make its financial markets more attractive to outside investors,” says Merchant. “Interest rates have
Executives are increasingly more optimistic about deal flow in Q4 2010, according to polling data commissioned by Merrill DataSite and gathered by peHUB.com.
The data revealed that almost half (48 per cent) of those polled believe, as it relates to private equity transactions, that there will be an uptick of ten per cent to 50 per cent in deal flow compared to Q4 2009.
Moreover, 21 per cent of those polled think that deal flow will increase up to ten per cent in Q4 2010 versus Q4 2009.
"The results bolster what Merrill DataSite has experienced firsthand in its VDR
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