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Silver Lake, which makes private investments in technology and technology-enabled industries, has appointed Christian Lucas and Joe Osnoss as co-heads of the Silver Lake Partners’ business in Europe, the Middle East and Africa.
Lucas and Osnoss will be responsible for sourcing, arranging and managing investments across Europe and expanding the firm’s relationships in the broader EMEA region.
Lucas joins Silver Lake from Morgan Stanley, where for the past seven years he has served as managing director and head of technology investment banking in Europe.
Osnoss is a managing director of Silver Lake and has been with the firm for more
Centerbridge Capital Partners has formed CraftWorks Restaurants & Breweries by closing on concurrent acquisitions of Rock Bottom Restaurants and Gordon Biersch Brewery Restaurant Group.
The companies will operate as subsidiaries of CraftWorks and will retain their brands.
The combined business will be an operator and franchisor of brewery and craft beer-focused casual dining restaurants with nearly 200 owned and franchised locations across the US. CraftWorks’ primary restaurant concepts include Old Chicago, Rock Bottom and Gordon Biersch.
CraftWorks is led by Frank Day and Allen Corey. Day, founder of Rock Bottom, serves as chairman of the board and brings over 45
Credit Suisse has launched the Asset Management Tactical Quarterly, a series of publications intended to provide views on the trends shaping today’s financial markets.
The Tactical Quarterly will offer insights into specific areas of the alternatives space, such as hedge funds, private equity, credit strategies and commodities, from Credit Suisse’s portfolio managers and business leaders within the asset management division.
The first edition examines equity markets’ dynamics, thematic trading insights for relative value and tactical hedge funds managers, and recent developments in credit and distressed investments.
High correlations and lack of directionality in global equity markets hampered stock pickers and
Yorkville Advisors, the US-based alternative investment manager, has entered into a ZAR50m standby equity distribution agreement on behalf of one of its funds with Johannesburg Stock Exchange listed 1Time Holdings, the parent company of a low-fare airline operating in South Africa.
The deal was advised out of London.
1Time entered into the agreement as a means of raising additional capital to develop and expand its business.
1Time operates scheduled domestic services. Its main base is OR Tambo International Airport in Johannesburg and it has hubs at King Shaka International Airport, East London Airport and Cape Town International Airport, among others.
Deal activity in the financial services sector is showing signs of recovery as bank restructuring continues to accelerate and private equity firms start to play a bigger role in the sector again for the first time since the economic crisis.
According to the forthcoming European Financial Services M&A Insight report due to be published by PricewaterhouseCoopers, bank restructuring remains the central driver of financial services deal activity, accounting for EUR13bn of deals in the third quarter, up from EUR6bn in the previous quarter.
This increase in activity aided an overall surge in deal values across the sector to EUR17bn in
Richard Lichter, managing partner at Newbury Partners, will join Golden Networking’s second Private Equity Leaders Forum on 9 December in New York City.
The forum will bring together individual and institutional investors, private equity portfolio managers and executives, investments bankers, advisers and consultants from around the world.
Lichter is responsible for managing secondary investment activity. Lichter has been a senior investment professional in nine secondary funds and has been responsible for over 100 secondary transactions.
Prior to founding Newbury, Lichter was managing director and head of secondary investments at Auda Private Equity, where he led the sourcing and investment of
Funds advised by Apax Partners have agreed to sell their majority stake in Ifco Systems to the Australian logistics company Brambles for EUR13.50 per share.
Apax acquired the stake in Ifco Systems in November 2003 through the purchase of shares listed on the Prime Standard of the Frankfurt Stock Exchange and announced a voluntary public offer to the remaining free float shareholders in early 2004 for EUR2.75 per share.
Ifco Systems is a business service provider for reusable packaging containers and pallet management services. The Ifco products replace the traditional cardboard and wood containers that are used to transport fruit
Law firm Walkers says the confirmation of the final terms of the Alternative Investment Fund Managers Directive and the removal of uncertainty for non-European Union fund managers marketing non-EU funds in the EU is a very positive development for the investment funds industry in the Cayman Islands, British Virgin Islands and Jersey.
The final terms of the Directive, which were approved by the European Parliament on 11 November, allow for the distribution of non-EU funds to professional investors in the EU through both a private placement regime and a passport system.
The private placement regime, which has been the traditional
Olympus Partners has sold Ann’s House of Nuts, a manufacturer of private label and branded snack nut and trail mix products.
Olympus has owned Ann’s since July 2008.
Rob Morris of Olympus Partners says: “We are very pleased with this outcome. The Ann’s management team has done an extraordinary job in executing on the growth opportunities we saw in the healthy snack category.”
Founded in 1988, Olympus Partners is a Connecticut-based private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion.
Olympus manages in excess of USD3bn on behalf of
Citi’s Global Transaction Services has expanded its private equity and real estate services capabilities for investment managers and investors based in Europe, Middle East and Africa.
Citi has appointed Kamran Anwar as product head for the region.
Citi has also established a client service team in Dublin as part of the broader effort to service private equity clients across the region.
"With Kamran joining our team, we have true leadership for our Private Equity Services business in the region,” says Joe Patellaro, global head of private equity services, Citi. “Kamran’s broad exposure throughout Citi and his experience with several markets,
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