Latest News
Doughty Hanson, a European private equity firm, is to acquire Vue Entertainment, a UK developer and operator of multiplex cinemas, from Cavendish Square Partners, affiliated investment funds of Och-Ziff Capital Management Group and the existing management team.
The Vue management team, including chief executive Tim Richards who established the company, will be reinvesting in the transaction.
Vue has the third largest market share in the UK in terms of box office via its 68 cinemas and 678 screens. The company also runs two cinemas internationally.
Vue recently announced that it will be working with Sony Digital Europe on the rollout
Insurance brokers Equity Risk Partners and Lipscomb & Cathey have formed a joint venture which will cater to the needs of the private equity space in Texas.
The new partnership, called ERP-Texas, will combine the niche expertise of San Francisco-based ERP with the longstanding reputation of Lipscomb & Cathey in the Dallas community.
Under the partnership, ERP and Lipscomb & Cathey will share resources with the intent to expand the scope of their respective businesses and capitalise on the recent uptick in private equity and M&A activity in Texas.
Ronnie Cathey of Lipscomb & Cathey says: “This initiative brings together
Palladium Equity Partners, a private equity firm based in New York, has sold Castro Cheese to Dairy Farmers of America.
Terms were not disclosed.
Castro Cheese is a manufacturer, marketer and distributor of queso fresco and other varieties of Hispanic cheeses and creams. The company’s products are marketed under the brand "La Vaquita" in Texas and other southwestern states.
"We are thrilled with the successful outcome of the Castro Cheese transaction," says Luis Zaldivar, managing director of Palladium. "Since the acquisition in August 2007, Castro Cheese has successfully targeted major retailers such as H.E.B., Wal-Mart, Fiesta Mart, Kroger and Costco,
The public consultation on the reform of CDC, the UK owned development finance institution, has begun.
The consultation, announced by the Secretary of State for International Development Andrew Mitchell, will enable interested parties to submit evidence based ideas via an online survey on which approaches CDC should focus on to maximise its development impact, and how it can best catalyse private investment.
The reformed CDC will resume direct investments and have a wider range of financial tools at its disposal, such as debt, equity and guarantees.
CDC will invest in countries, regions and sectors where the private sector is reluctant
Law firm Sidley Austin has hired Joseph Chan in its Shanghai office as a partner.
Chan’s practice encompasses the full life cycle of private equity funds, from offshore and RMB fund formation and portfolio investments to M&A and capital markets.
He has represented strategic buyers, funds, portfolio companies and investment banks in a variety of financings and acquisitions.
“I am delighted to join Sidley, a firm with a mature and market-leading platform in Greater China. Sidley offers a compelling strategic fit to my practice and the clients I serve,” Chan says.
“Sidley already has well-recognised practices in investment funds, Hong
Funds advised by Lion Capital are acquiring the operating companies of Bumble Bee Foods, a portfolio company of Centre Partners Management.
The transaction is expected to be completed by year-end.
Bumble Bee is a North American supplier of shelf-stable seafood. The company produces and markets shelf-stable tuna, salmon, sardines, clams and other specialty seafood products that are sold under the Bumble Bee, Clover Leaf, Brunswick, Snow’s, Beach Cliff, King Oscar and Sweet Sue brands.
Bumble Bee has 1,700 employees across eight facilities in the US, Canada and Puerto Rico and in 2009 generated over USD940m of net revenue.
Citigroup says its trustworthiness as a bank is intact following Thursday’s court victory over private equity group Terra Firma Capital Partners.
In a statement issued after the bank and its head of UK investment banking, David Wormsley, were cleared by a jury at the US District Court in Manhattan of any wrongdoing in Terra Firma’s 2007 acquisition of British music company EMI Group, Citi welcomed the ‘unanimous verdict’.
"We are very pleased that the jury reached a unanimous verdict confirming what we have said from the beginning: that Citi and David Wormsley treated Terra Firm with honesty and integrity in
BNY Mellon, a provider of asset management and securities servicing, has maintained its position as the number one fund administrator in Ireland with assets under administration totalling USD270.4bn across 498 funds, according to Lipper’s 2010 Ireland Fund Encyclopaedia.
The annual report by Lipper, the Thomson Reuters research company, reveals that for combined Irish domiciled and non-Irish domiciled funds, BNY Mellon has an 18.75 per cent market share by asset value.
BNY Mellon recently acquired PNC Global Investment Servicing. According to Lipper, if this merger had taken place by 30 June, the total assets under administration for the new entity would
Private equity firms Kelso and The Carlyle Group have agreed to make a substantial minority equity investment in Sandler O’Neill, an investment banking firm specialising in financial services companies.
The firms expect the transaction to close at the end of the year. Terms of the transaction were not disclosed.
The investment will help support the next level of growth and expansion of Sandler O’Neill and the accelerated development of its client services.
Sandler O’Neill’s current management team, led by James J. Dunne III and Jonathan Doyle, will remain in place and continue to make all strategic and management decisions
Wells Fargo Bank has launched a fund services product line within its corporate trust services business to address customers’ fund administration needs.
Wells Fargo Fund Services provides fund administration services including a full suite of back, middle and front-office products and services to private equity firms, exchange-traded commodities, commodity funds, hedge funds, fund of funds and the structured finance marketplace.
Jorge Villalba, a 12-year industry veteran, recently joined Wells Fargo to lead the fund services group. Tom Gandolfo is head of sales.
The team is based in Columbia, Maryland; Houston, Texas; and New York City. Additional hiring is anticipated by
Special Reports
Featured
- Insight
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
