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Financial services firm Perella Weinberg Partners has named Jeffrey Silverman a partner of the firm, effective immediately.
Silverman will join the senior management team of the firm’s asset management business and will be based in New York.
Silverman has more than 20 years of experience in the financial services industry. He joins Perella Weinberg Partners from Tudor Investment, where he was most recently a partner and director of investments.
“We are pleased to welcome Jeff to Perella Weinberg Partners,” says Terry Meguid, founding partner and head of the firm’s asset management business. “Jeff is a well-respected industry veteran. His extensive
Growth equity firm General Atlantic has appointed John Arlotta, former chairman and chief executive of Coram and NeighborCare, as a special adviser.
Arlotta will support General Atlantic’s approach to partnering with growth companies in the healthcare sector.
Arlotta joins General Atlantic’s network of healthcare-focused current and former special advisers, which includes Dr. Mark McClellan, former administrator of the Centers for Medicare and Medicaid Services; Brent Saunders, formerly of Schering Plough and now chief executive of Bausch & Lomb; and Tracy Bahl, former chief executive of Uniprise and the current executive chairman of Emdeon.
General Atlantic has been active in the
Global mergers and acquisitions totalled USD858.8bn in the first half of 2010, up 5.1 per cent from the first half 2009, according to a report by mergermarket.
Deal count was also up by 10.3 per cent at 4,895 announced deals.
Despite the strong start to the year, the second quarter only saw USD393.3bn worth of deals, the lowest Q2 period since 2004.
The largest deal announced in Q2 was CenturyLink’s agreement to acquire Qwest Communications (both US based companies) for USD22.2bn. The largest deal so far this year remains Novartis’ 52 per cent stake acquisition in Alcon from Nestle for
Private equity firm General Atlantic has completed the management-led transaction re-establishing First Republic Bank, the San Francisco-based private bank and wealth management firm, as an independent financial institution.
General Atlantic co-led a group of private investors in supporting First Republic Bank’s founding leadership team in the transaction.
“We congratulate First Republic Bank’s leadership and their dedicated team as they renew their independence,” says Marc McMorris, managing director at General Atlantic and head of the firm’s Palo Alto office. “We also are very pleased to renew our own early association and support of First Republic Bank’s proven, service-intensive formula for building
Cleary Gottlieb has represented TPG Capital on the acquisition of British young adult fashion retailer Republic from private equity company Change Capital Partners and Republic’s management team.
Republic’s management team will continue to run the business and remain significant investors.
The transaction was signed on 19 June 2010 and closed on 21 June 2010.
Republic currently operates 105 stores throughout the UK, offering its customers brands such as G-Star, Diesel and Firetrap, as well as up and coming niche brands and its own exclusive range.
TPG has previous experience in retail investments, including past and present retail investments in Debenhams,
The Oiltech Investment Network has been launched by a number of investors including Chevron Technology Ventures, Energy Ventures, Epi–V, Lime Rock Partners, SEP, Shoaibi Group and Viking Venture.
The network is managed by OTM Consulting.
Together the initial members have invested more than USD950m (GBP630m) in over 50 oil and gas technology companies over the last five years.
Oiltech will provide a platform to connect would-be oil and gas entrepreneurs with prospective investors to discuss the potential commercialisation of their emerging technologies. The network will also provide opportunities for E&P and service company technology managers, and subject matter
Clydesdale Bank has expanded its corporate and structured finance team in London and the South with five senior appointments.
Tony Tozzi, Ian George and Marcos Theodosiou have joined as directors while Mike Budge and Jonny Baxandall have been appointed as associate directors.
Tozzi, who will lead the team’s push into technology, media and telecoms in the region, joins from Bank of Ireland. He started his career at Barclays and has 30 years’ experience in banking and has specialised in TMT for the past 12 years.
George also joins from Bank of Ireland’s London office, where he was head
The UK saw a 15.5 per cent decrease in the number of UK mergers and acquisitions and equity capital market transactions announced during Q2 2010 compared to Q1 2010, data from Experian shows.
GBP46.2bn worth of transactions were announced in the UK in Q2 2010, down by 8.7 per cent on Q1 2010.
Cenkos Securities was the best performing financial adviser by volume with 15 deals and Morgan Stanley worked on the highest value of deals worth a total of just under GBP15bn.
DLA Piper advised on the highest number of transactions (18) in Q2 2010, while the leading legal
Law firm CMS Bureau Francis Lefebvre has elected six new partners.
Jean-Robert Bousquet (pictured) started his career at CMS Bureau Francis Lefebvre’s Berlin office in 1999. He then spent five years at Debevoise & Plimpton (Paris and New York) before joining the corporate department at CMS Bureau Francis Lefebvre in 2006. He advises on mergers and acquisitions, including in particular international deals, stock exchange law, private equity and restructurings.
Vincent Delage joined the employment law department at CMS Bureau Francis Lefebvre in 1999 after spending two years at PriceWaterhouseCoopers (now called Landwell & Partners). He mainly advises and defends companies
Sofinnova Partners, Gimv and Amundi Private Equity Funds have invested in McPhy Energy together with the historic investors in a second round of funding worth EUR13.7m.
The funds will be used towards the global expansion of McPhy Energy and the further industrialisation and commercialisation of its products.
McPhy Energy is a French company founded in January 2008 with the mission to industrialise and commercialise a new technology for the solid storage of hydrogen in the form of magnesium hydride. The company has developed an alternative solution for the on-site production of hydrogen for the industry sector and for the renewable
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