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The total value of European private equity backed transactions reached EUR23.9bn in Q3 2010, close to the total value amassed in the entire first half of the year and the highest quarterly value figure recorded since the second quarter of 2008.
This latest quarterly value is more than 80 per cent of the total value of all deals recorded in 2009, according to the preliminary figures released in the Q3 2010 unquote Private Equity Barometer, published by unquote and sponsored by Candover, a European private equity house.
Despite the significant rise in value, deal volumes actually fell to their
Offers.com has closed a USD7m growth equity investment from Susquehanna Growth Equity.
The Austin-based savings resource specialises in the online coupons and deals segment.
The minority investment will help the company accelerate its growth and expansion plans.
Offers.com was launched in February 2009 with the goal of helping consumers find the right offers, coupon codes and online deals for their needs from online stores and companies.
Offers.com recently launched Offers.com Canada and Offers.com UK.
“Nothing is more frustrating to a consumer than trying to use out-of-date, inactive or useless coupons online, which is why we spend the time and money
Triangle Petroleum, an oil and gas exploration and production company with assets in North Dakota and Eastern Canada, has formed a joint venture with Oppenheimer Global Resource Private Equity Fund I and a related co-investment fund, each a New York based investment fund managed by an affiliate of Oppenheimer.
OGR has made a USD25m capital commitment to co-invest with Triangle in its future acquisition and development of assets in the North Dakota Bakken Shale play.
USD10m of OGR’s initial capital, which OGR has the right to increase up to USD19m, is allocated for leasehold acquisition with the remainder available for
The State Street Private Equity Index posted a 0.65 per cent return for the quarter ended 30 June 2010, 157 basis points lower than the first quarter of 2010 return and 483 basis points lower than the return recorded during the same period a year ago.
The second quarter of 2010 return for the European and rest of world regions were -3.14 per cent and 0.48 per cent, respectively, with both reflecting a significant decrease from prior quarter.
For the time period from third quarter 2009 to second quarter 2010, all private equity recorded a 19.2 per cent one-year end-to-end
LAIC Venture Capital, a provider of venture capital in the fields of oil and natural gas, mining and mineral rights, alternative energy, bioenergy and real estate, is opening a new local office in Sao Paulo Brazil in December 2010.
The Sao Paulo office will consist of 25 to 30 investment banking professionals and support staff and will offer a complete product portfolio of private investment banking products to both investors and entrepreneurs throughout South America.
“The further geographical expansion of the LAIC Venture Capital private investment banking value-added model is a top goal for us, and Brazil is the perfect
Martin Graham, formerly director of markets and head of AIM at the London Stock Exchange, has joined the board of Secondcap as chairman.
Secondcap is the developer of the first web based platform designed to automate the end-to-end transaction process for the secondary private funds market, including private equity, real estate and infrastructure funds.
Secondcap is set to go live with the launch of its SecondaryNet Transaction Management System in early 2011. SecondaryNet will provide increased liquidity and a network for the secondary market by providing industry best practice, reducing deal execution risk and increasing the number of participants
Geo Genesis Group, an advisory and investment company focussed on China and other emerging markets, has signed an agreement with Flourish Media, a Chinese based publisher of magazines, to provide a consultancy service to structure a listing and a fundraising.
Under the terms of the agreement, Geo Genesis will assist Flourish in structuring a regulated entity, if required, to assist Flourish in raising at least USD2m in order to gain a listing on the appropriate small cap market either in the US or in the EU.
Alternatively, Geo Genesis will help find the appropriate regulated entity to list Flourish.
Sungho Im (pictured), Head of the Global Portfolio Management Team at Mirae Asset Global Investments, believes that investors looking to capitalise on the rise of the Asian consumer should look beyond obvious sectors, such as consumer staples and discretionary, to areas such as the internet, healthcare, new financial services and education.
Much attention has recently been focused on the emergence of a new breed of consumer in Asia. The OECD forecasts that more than half the world’s ‘middle classes’ could be in Asia by 2020, and Asian consumers could account for over 40 per cent of global middle class consumption.
The Institutional Limited Partners Association has appointed Timothy Recker of the University of California Regents as chairman.
Recker is responsible for the University of California Regents private equity programme with over USD5bn in assets under management.
Prior to joining the UC in 2007, Recker was director of alternative investments for the Michigan Retirement System where he oversaw a USD13bn portfolio of private equity, hedge funds and structured products.
In addition to Recker, the board has appointed John Breen (vice president – head of funds & secondaries, Canada Pension Plan Investment Board) to vice chair; Jim Pittman (vice president – private
CDC, the UK’s development finance institution, has made a USD10m investment in Lok Capital II, a commercial microfinance fund that supports businesses across India.
CDC is an anchor investor in the fund and has helped Lok Capital II attract a total of USD52m at the first close of its fundraising.
Lok Capital II aims to raise a total of USD80m for onward investment in a range of new and established Indian microfinance institutions and businesses, which in turn provide financial services, healthcare and education to low income entrepreneurs and micro-businesses.
Lok Capital II will make long-term equity investments in microfinance
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