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AlertMe, an online energy management company, has closed its second round funding raising a total of GBP15m.
Existing investors Good Energies, Index Ventures, SET Venture Partners and VantagePoint Venture Partners have each followed their first round investment and are joined by a new investor and commercial partner British Gas (parent company Centrica).
As part of this investment British Gas has signed a commercial agreement worth over GBP20m based upon technology delivery to deploy AlertMe products and services to its customers in the UK. Following this transaction, British Gas will hold a seat on the AlertMe board.
The fundraising will allow
Private equity firm Warburg Pincus has agreed to invest USD150m in National Penn Bancshares through a direct purchase of newly issued common stock at USD6.05 per share, approximating the average closing price of the stock over the last 30 days.
The initial investment of USD63.3m will be funded within ten days, with the remainder of the investment to be made after receipt of regulatory approvals, which are anticipated in the fourth quarter of 2010.
"We are excited to have Warburg Pincus join us as a significant shareholder, with its longstanding record of successful investing in the financial services industry and
Genstar Capital, a middle market private equity firm that focuses on investments in the life sciences, healthcare, financial services, software and industrial technology industries, has appointed David J. Golde and Brett J. Shobe as senior associates.
They will help the firm identify, evaluate and execute acquisition and investment opportunities.
"We continue to strengthen our existing team of talented professionals and are pleased that David and Brett have joined Genstar. As we continue to build on our success as a leading middle market private equity investment firm, they will fit well with the management-centric and entrepreneurial culture of the firm and
Mid Europa Partners has completed the sale of Calucem’s operating assets to Argus Capital Partners.
Calucem is a supplier of calcium aluminate cement. With production facilities based in Croatia and sales offices in Germany, the US and Singapore, the company supplies cement to the global refractory and building chemistry industries.
Robert Knorr, partner of Mid Europa, says: "We are proud of the management’s response to the global economic crisis, which had an unprecedented impact across the industry. The company has experienced a rapid recovery in 2010 and is well-positioned for continued growth."
Laszlo Grubits, investment director of Argus,
ZeniMax Media has closed a USD150m investment by private equity firm Providence Equity Partners in convertible preferred stock of the company.
The proceeds will be used to fund additional growth through increased game development, expanded publishing operations, and strategic acquisitions.
The new investment by Providence supplements an earlier investment of USD300m made by the firm in October 2007.
ZeniMax Media was founded in 1999 by Robert A. Altman, its chairman and chief executive, and through its wholly owned subsidiary, Bethesda Softworks, publishes interactive entertainment content for gaming consoles.
"Though a number of prominent private equity firms offered to invest with
Funds managed by Dutchess Capital have consummated USD210m in equity line facilities through the third quarter of 2010.
The financing transactions were completed with publicly traded companies listed in the US, Canada, UK and Australia.
Michael A. Novielli, Dutchess co-founder and managing partner, says: “We’ve been a market leader in ELF financings for over ten years having structured USD2bn in global transactions. Over the past decade we’ve seen the ELF grow in stature from relative obscurity due to the success that companies have had raising capital utilising this structure.
“Given the lingering effects of the global recession, traditional financing
GreensLedge Capital Markets has formed GreensLedge Asia, Tokyo Branch to expand the firm’s business activities in the Asian markets.
Iku Nishino has joined GreensLedge Asia as a managing director and general manager where he will be responsible for providing capital markets advisory solutions and managing transaction executions from the firm’s Tokyo office.
Nishino joins from J.P. Morgan Tokyo where he was a managing director and head of fixed income sales overseeing relationships with major institutional accounts.
"We have had great success providing specialised advisory and capital markets solutions to clients seeking unbiased, conflict-free advice," says Brian Zeitlin, managing partner of
Olympus Partners, a Connecticut-based private equity firm, has promoted several staff members to principal and vice president levels.
The following have been promoted to principal: Evan J. Eason, David M. Haddad, and Michael D. Horgan.
Vice president promotions have been given to Jason M. Miller and Sean P. Whiteley.
Olympus Partners focuses on companies in the business services, transportation and logistics services, healthcare manufacturing and services, financial services, consumer and restaurant and software and IT services sectors.
German law firm Schultze & Braun, a business recovery, insolvency and restructuring specialist, has opened its Paris office.
The Paris office is under the direction of Ellen Delzant and Patrick Ehret.
Working in close collaboration with the teams in Germany, the Paris team advises French clients on all matters pertaining to French, German and EU corporate law.
The firm established offices in London in 2006 and Strasbourg in 2007.
“The launch of the Paris office is an integral part of the firm’s development strategy, which entails getting closer to our French clients (businesses and banks), in order to assist them
UK private equity house Inflexion Private Equity has closed its new 2010 Buyout Fund which has raised a total of GBP375m.
Carey Olsen’s corporate group in Guernsey advised Inflexion on the establishment and regulation of the fund, as a closed-end registered collective investment scheme in the form of a dual limited partnership structure.
The firm also provided legal advice on corporate governance and administration.
The 2010 Buyout Fund will target high-growth UK companies and will look at ten to 15 potential investment opportunities. It is the first offshore fund to be established by Inflexion.
The Carey Olsen team was led
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