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The Amplio Group, an operator and investor in the renewable energy and environmental sectors, has acquired Environmental Water Systems (UK)), a provider of integrated water treatment and purification and wastewater recovery services to both the public and private sectors in the UK.
This signals the continued expansion of Amplio Filtration, a subsidiary of Amplio Group, marking the company’s third acquisition in the water filtration space in the last 12 months.
EWS will be combined with Puresep Holdings, acquired by Amplio Group in July 2010, to more than double Amplio Filtration’s share of the UK’s food and beverage, healthcare and industrial
Channel Islands law firm Carey Olsen has advised Wolseley, a FTSE 100 company, on the creation of a new group holding company.
The new group holding company will be UK-listed, incorporated in Jersey and will have tax residence in Switzerland.
Wolseley is the world’s largest trade distributor of plumbing and heating products to professional contractors and a supplier of building materials. The company is listed on the London Stock Exchange and is in the FTSE 100 index of listed companies.
Alex Ohlsson, managing partner of Carey Olsen, says: "One of the reasons Jersey is the leading offshore financial centre is
Octopus Investments and YFM Private Equity have developed a GBP3.95m joint financing package to help Bluebell Telecom expand and incorporate Callstream, the inbound telephony specialist, into the newly formed Bluebell Telecom Group.
Bluebell Telecom, a provider of business voice and data services, has built a reputation for managed services in the retail, hospitality and care markets.
With Callstream joining the group, Bluebell will now have access to a cloud-based platform for managing inbound traffic. Its technology provides customers with cost effective management of external and internal communication.
“We elected to work with both YFM Private Equity and Octopus in
WhiteGold Fund Management, a multi-strategy London-based family office, has made its first private equity investment in Light Blue Optics.
Light Blue Optics raised USD13m in the funding round, which was led by DFJ Esprit.
Existing investors Robert Bosch Venture Capital, Earlybird Venture Capital, Capital-E and NESTA also participated and were joined by new investors Christie Digital Systems Canada and WhiteGold.
Light Blue Optics’ first reference product, Light Touch, was released at the Consumer Electronics Show in January. Light Touch is an interactive projector that transforms any flat surface into a ten-inch touch screen, allowing users to interact with multimedia content
Over the last decade the state of private equity in the Middle East has gone from virtually nonexistent to a booming prospect to an industry facing a shakeout, says consulting firm Booz.
The sector’s breakneck evolution has made it difficult for investors to obtain a clear picture of the industry’s underlying fundamentals.
This being the case, they have been understandably cautious about directing their funds to regional private equity firms.
Booz says this hesitation could come with serious costs for those who miss what is becoming a burgeoning opportunity. The Middle East remains a region of increasing wealth and growing
Axis Investment Fund has completed the sale of all or substantially all of its portfolio assets to NorthStar Bancorp pursuant to a portfolio asset purchase agreement in exchange for CAD465,000 in cash.
On 23 July 2010, the fund announced that it had entered into the purchase agreement in connection with the portfolio asset sale.
The portfolio asset sale and purchase agreement were unanimously approved at the special meeting of the class A shareholders and class B shareholder (each voting separately as a class) held on 25 August.
At the meeting, the class A shareholders and class B shareholder also unanimously
Favourable trends are emerging for the US private equity industry, supported by improved valuations and conditions in the capital markets, according to a report issued by Fitch Ratings.
Since August 2009, Fitch has assigned initial long-term issuer default ratings to several alternative asset managers, including:
• The Blackstone Group: ‘A+’ on 10 August 2009;
• Oaktree Capital Management: ‘A-‘ on 16 November 2009;
• Fortress Investment Group: ‘BBB’ on 24 February 2010; and
• KKR: ‘A’ on 9 August 2010
The rating outlook on each is stable.
The investment grade rating profiles of these entities are generally supported by the size and predictability of
Financial law firm Walkers has made a number of promotions at its Hong Kong office.
Arwel Lewis and Thomas Granger have both been promoted to partners in Walkers’ investment funds group.
Lewis joined Walkers in January 2007, specialising in corporate work with an emphasis on private equity and investment funds. Having originally trained with Linklaters, Lewis moved to Hong Kong in 2002. His experience includes advising investment banks, financial institutions, investment managers and private equity houses on downstream private equity investments, private equity fund formation, as well as all aspects of Cayman Islands and BVI hedge fund structures.
Granger also
KRG Capital Partners, a Denver-based private equity firm, has completed an investment in PAS Technologies, a provider of repairs and coatings for the aerospace, industrial gas turbine and oil and gas markets.
PAS is the eighth platform company for KRG’s USD1.96bn Fund IV and represents KRG’s second platform investment in the aerospace market.
"We are excited to be partnering with the PAS team,” says Chuck Hamilton, managing director of KRG Capital. "PAS is a customer-focused organisation with impressive global repair and coating capabilities that enable it to deliver value-added solutions for its partners. We expect to continue to invest in
Global mergers and acquisitions deal value totalled USD1,422.9bn for the first three quarters of 2010, up 25 per cent from the same period in 2009, according to research from mergermarket.
Global mergers and acquisitions deal value totalled USD1,422.9bn for the first three quarters of 2010, up 25 per cent from the same period in 2009, according to research from mergermarket.
Deal count was also up by 18 per cent at 8,102 announced deals.
Skadden Arps Slate Meagher & Flom is the leading legal adviser, having advised on 139 deals worth a total of USD245.1bn in the first three quarters of
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