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Private equity fund administrator Ipes will this week commence the provision of central administration services in Luxembourg following authorisation and regulation by the Ministry of Finance and the Commission de Surveillance du Secteur Financier on 3 September.
Ipes established the office in Luxembourg in December 2009 and was licensed as a Chartered Accountant Company in February 2010.
Under its newly granted Professional of the Financial Sector license, Ipes Luxembourg is able to provide a full range of administration services to both regulated and unregulated funds including the popular Sif and Sicar structures.
Group chief executive Kevin Brennan says: “Establishing a
Palamon Capital Partners, a European mid market private equity firm, has sold OmniBus Systems to Miranda Technologies, a Toronto Stock Exchange listed company, for an all-cash consideration of EUR36.4m.
OmniBus is a developer of software systems for television broadcasters and video content distributors over mobile and internet platforms.
Its flagship product, iTX, enables broadcasters to manage the transmission of live television content in high definition using standard IT hardware and software products rather than the bespoke, complex, and predominantly hardware-based systems found in legacy installations.
Palamon acquired OmniBus from the administrators of its former German listed parent and set about
The Association of the Luxembourg Fund Industry has appointed Ching Yng Choi as the head of its Asia office.
Claude Kremer, chairman of Alfi, says: “Luxembourg is a world leader in cross-border fund distribution and has a significant share of foreign funds registered for sale in Asia. The office is being established in Hong Kong in response to the continued strengthening of the Ucits brand in Asia, and it will help ALFI further develop valuable relationships with asset managers, regulators, fund associations and investors.”
Choi joins from MDO Services, the fund governance service provider, where she was a risk manager.
DC Advisory Partners, formerly Close Brothers Corporate Finance, has appointed Tosh Kojima as managing director and the head of Japan Asia Focus Group.
Based in London, Kojima will be responsible for advising clients pursuing cross-border transactions between Europe and Asia and leveraging the network of Daiwa Capital Markets.
Kojima has 15 years of advisory and banking experience, nearly all of which have been dedicated to cross-border work. He joins from Nomura, where he played a pivotal role in driving the growth of its European advisory business through the various stages of development, including the integration of Lehman Brothers’ European business.
Matrix has appointed Vincenzo Narciso as partner in the private funds group, where he will focus on both originating and raising capital for international private equity and venture capital funds.
The private funds group at Matrix was founded in 2004 and works with a wide range of private equity firms providing advisory and fundraising services.
Funds advised by the team have raised in excess of EUR1bn since inception.
The team is part of the investment banking division of Matrix Group, a UK privately owned financial services businesses with GBP3.5bn assets under management.
Malcolm Le May, chief executive of investment
RLJ Equity Partners has joined forces with the senior management team of Enhanced Recovery Corporation to form Enhanced Recovery Company, the largest minority owned accounts receivable management company in the US.
Founded in 1999 by Mark Thompson and Kirk Moquin, Enhanced Recovery Corporation uses a technology platform to perform accounts receivable and collection services for the bankcard, retail, cellular, landline, overdraft, cable, utility, home equity lines of credit and auto sectors.
"We are extremely excited to partner with Mark and Kirk and the entire senior management team of ERC," says Rufus Rivers, managing director of RLJ Equity Partners. "We believe
Law firm Winston & Strawn has expanded its M&A, securities, private equity and finance capabilities on the US West Coast with the addition of C. James Levin and Warren Loui, who have joined the firm’s Los Angeles office as partners.
Levin joins Winston from O’Melveny & Myers, where he was a partner in and former co-chair of the firm’s M&A/private equity practices.
Loui comes to Winston from Mayer Brown, where he was a partner in its banking and finance department, and the Los Angeles Finance practice leader.
The duo, who have well-established practices in Southern California, bring a combination of
Chartis has launched Private Equity Professional Edge, a management and professional liability insurance solution specifically designed by its executive liability division for private equity and venture capital firms and their managers.
Private Equity Professional Edge combines directors and officers, professional liability, and employment practices liability coverage into a single form.
The policy provides broad protection for funds, management companies and managers from claims arising from activities on behalf of the funds as well as from participation on the boards of portfolio companies.
“With dynamic exposures such as the new registration requirement under the Dodd-Frank Act, today’s private equity and venture
Evolution Capital Partners has sold Innerpac, a manufacturer of corrugated and chipboard partitions in the US, to a strategic buyer.
"Evolution is proud to have partnered with the Innerpac management team, achieving the goal of creating a national partition company with a solid foundation for growth," says Evolution’s managing partner Brendan Anderson. "Innerpac president Gene Marino and his team are to be congratulated on their outstanding performance and achievements."
Mesirow Financial acted as Innerpac’s adviser on the transaction.
Evolution Capital Partners is a Cleveland, Ohio based private equity fund investing in businesses with opportunities for growth but which lack capital,
Starwood Capital Group’s Groupe du Louvre affiliate has sold Hotel Lutetia to Alrov, a real estate company.
The transaction is part of the ongoing evolution of Starwood’s Societe du Louvre portfolio, Europe’s second-largest hotel network, which also owns five other hotels in the Paris market.
Terms of the transaction were not disclosed.
Hotel Lutetia is a 231-room Art Deco property located in the Saint-Germain-des-Pres neighbourhood of Paris.
Groupe Concorde, a separate Starwood affiliate, will continue to manage the hotel for the foreseeable future, including the provision of reservations, sales, marketing and distribution support to Alrov.
"We are very pleased to
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