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Latin America focused New York law firm Schwartz has hired M&A and corporate deal lawyer Zachary S. Klughaupt as counsel, bolstering its Latin American capital markets practice.
Klughaupt, who is fluent in Spanish and Portuguese, will divide his time between São Paulo and New York.
Kenneth Schwartz, Schwartz founder and managing partner, says: “Zach is highly regarded by our peers, and his strong background in M&A, finance and securities law reinforces our core strengths.”
Klughaupt began his legal career in the New York office of Gibson Dunn & Crutcher, where he advised private equity firms, investment banks and other
Mountain Real Estate Capital has closed a joint venture with Davidson Communities, a real estate company in California.
The joint venture purchased The Sentinels at Del Sur subdivision located in San Diego, California from Bank of America.
The project consists of 17 substantially finished lots and four fully completed and furnished model homes that have been upgraded with a number of options.
The Del Sur community is an 1,800-acre master plan community that will eventually comprise approximately 3,000 single-family and multifamily residences and community amenities.
“We view this transaction as a great opportunity for our group to partner with one
InstaMed, a healthcare payments network, has raised USD6m in growth capital.
This round of funding included both debt and equity capital and came from existing InstaMed investors who with this round have invested USD22m to date.
InstaMed investors include Osage Partners, Ashby Point Capital, NJTC Venture Fund, US Bank, and a private equity group in Newport Beach, California.
The private equity group in Newport Beach, California, which includes eight high-net worth families from Southern California, contributed the largest amount of capital, both as a part of this funding and since InstaMed’s inception.
Osage Partners contributed USD1.3m in this funding.
“We
Bertram Capital, a private equity firm headquartered in San Mateo, California, has closed Bertram Growth Capital II with USD500m in limited partner commitments.
Founded in 2006, Bertram Capital’s mission is to help profitable companies realise their potential through a strategy of buy and build and internally generated growth initiatives.
Bertram now has over USD850m in capital under management and targets investments in lower middle market companies.
"We recognise the significant trust our existing and new limited partners have demonstrated with their swift commitment to Bertram Capital’s second fund," says Jeff Drazan, managing director. "During a challenging economic environment, Bertram was
Prime Technology Ventures, a pan-European venture capital firm, has led a USD13m round of new funding in Cint, the company behind the SaaS-based marketplace for market research sample Cint Panel Exchange.
Existing owners such as Nordic venture capital firm Creandum also participated in the funding.
Cint is headquartered in Stockholm and provides market researchers with fully automated access to panels of four million profiled individuals across 40 countries. In 2008 Cint opened offices in US, Canada, Spain, Denmark and Russia. During 2009 and 2010 additional offices were opened in UK, Germany and the Netherlands.
Funds will be used to expand
DN Capital, a media and technology early stage and growth capital investor, has led an investment in windeln.de, a baby care specialty website which will launch in September 2010.
German venture capital firm High-Tech Gründerfonds also took part in the investment, and the financing round was complemented by business angels and members of the management team.
Users of windeln.de will be able to buy diapering products as well as baby food and formula, bath and skin care products and a large product range around feeding and nursing. The site will also offer many products needed during pregnancy and breast
Private equity firm StepStone Group has hired Weichou Su as managing director in the firm’s new Beijing, China office, which officially opened on 14 September.
Su will focus on the firm’s investment activities in China and throughout Asia.
StepStone has had a presence in China for several years and the new office solidifies the firm’s commitment to the region.
StepStone Group works with institutional investors to build portfolios that include private equity fund investments, co-investments and secondary investments.
“Opportunities for private equity investment in Asia and China are rapidly growing. Weichou’s experience working for many years with the leading private
Marsh, an insurance broker and risk adviser, has appointed five professionals to its private equity and mergers and acquisitions practice within its financial and professional operations.
Joining Marsh are James O’Brien, Jason Hawkins and Craig Warnke as managing directors and Jim Beatty and Machua Millett as senior vice presidents.
O’Brien joins Marsh after 18 years with Aon, where he most recently led the broker’s private equity and transaction solutions group. O’Brien brings more than 20 years of experience in investment fund management and professional liability insurance, merger and acquisitions due diligence and portfolio programs. He began his insurance career as
Invesco has appointed Henry Robin as a managing director in its fund of funds team.
Robin will be based in Invesco’s New York office where he will join founding partner Phil Shaw as co-head of the private equity fund of funds business.
“It has been over six months since we launched the search for someone to manage the fund of funds business together with Phil,” says Mark Armour, head of Invesco Institutional and senior managing director of Invesco Ltd. “Henry’s experience and skill set make him a perfect fit with the seven investment professionals currently managing the group’s USD1.6bn in
LGT Capital Partners, an alternative assets and fund of funds manager, has closed several private equity funds of funds and single investor accounts with total commitments of USD4.1bn.
The firm recently held final closings for the following investment programmes:
• Crown Premium IV in May 2010, with EUR562m in subscriptions
• Crown Global Secondaries II in July 2010, with USD1.2bn in subscriptions
• Crown Europe Middle Market II in July 2010, with EUR429m in subscriptions
In addition, LGT Capital Partners has been awarded a number of single investor accounts.
Tycho Sneyers, partner at LGT Capital Partners, says: “Our ability to raise substantial capital
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