Latest News
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
Catterton Partners, a consumer-focused private equity firm in North America, has acquired a controlling interest in Alasko Foods, the largest Canadian marketer of frozen fruits and vegetables to both institutional and consumer markets.
Terms of the transaction were not disclosed.
Alasko specialises in importing, distributing and marketing frozen fruits and vegetables from around the world. The company’s current retail products are sold under Alasko and MOOV brands as well as private label.
"With its broad product offering, strong customer relationships and proven operating model, Alasko is extremely well positioned in the marketplace," says Marc-David Bismuth, operating partner at Catterton Partners.
King & Spalding has appointed corporate lawyer John S. Herbert as a partner in New York.
Herbert will serve as a senior member of the firm’s private equity, mergers and acquisitions and securities practices.
"John is ranked among the top private equity lawyers in New York, and we are pleased to welcome him to our firm," says Raymond E. Baltz, Jr., head of King & Spalding’s corporate practice. "We have built a solid transactional support base in New York with experts in mergers and acquisitions, tax, executive compensation and employee benefits, leveraged and asset-based finance, high-yield debt offerings, real estate,
Alternative asset manager The Carlyle Group has appointed Rodney Cohen as a managing director and head of the new US equity opportunity team.
The group will draw upon Carlyle’s geographic, product and sector resources to make control, joint-control and structured minority investments of up to USD150m across a range of industries and opportunities, including, smaller buyouts, corporate divestitures, corporate partnerships and platform build-ups.
Cohen comes to Carlyle from Pegasus Capital Advisors, a middle-market investment firm with approximately USD2bn of assets under management, where he was a co-managing partner.
Reporting to Carlyle chief investment officer William E. Conway, Jr., Cohen is
Charterhouse Group, a New York-based private equity firm, together with Highlander Partners, a Dallas-based investment firm, and MTS Health Investors, a healthcare private equity firm, are selling their portfolio company Chamberlin Edmonds to a subsidiary of Emdeon for USD260m in cash.
Headquartered in Atlanta, Georgia, Chamberlin Edmonds is a provider of government programme eligibility and enrolment services to over 200 acute care facilities in 30 states.
Chamberlin Edmonds’ technology-enabled services assist hospitals in lowering the incidence of uncompensated care, reducing bad-debt expense and increasing overall cash flow.
Emdeon is a provider of healthcare revenue and payment cycle management solutions. The
Cambridge-based OpenCloud, a supplier of real-time application server software for next-generation convergent telecommunications services, has received an investment of GBP4m from Nokia Siemens Networks, one of the largest telecommunications hardware, software and services companies in the world.
OpenCloud has also received an additional GBP1m from its existing investors Advent Venture Partners and No 8 Ventures.
In addition to the investment by NSN OpenCloud has secured an OEM agreement that will see OpenCloud’s Rhino Telecom Application Server and Service Interaction Server becoming integrated into NSN’s charge@once unified product suite.
The investment will be used by OpenCloud to further its expansion. It
Venture capital trust provider Octopus Investments has completed merger of four of its Alternative Investment Market VCTs into two.
Octopus AIM VCT and Octopus Phoenix VCT have merged to become the enlarged Octopus AIM VCT.
Meanwhile, Octopus Second AIM VCT and Octopus IHT AIM VCT have merged to become Octopus Second AIM VCT.
Both VCTs are now open for investment via top up offers, and are seeking to raise GBP10m each by the end of April 2011.
The AIM VCTs are managed by Andrew Buchanan and Kate Tidbury, who have been involved with the AIM market since inception. They moved
Special Reports
Featured
- Insight
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
