Latest News
Clayton, Dubilier & Rice and GS Capital Partners have signed a definitive agreement to acquire HGI Holdings from The Jordan Company and members of the Harrington family.
HGI is a mail-order, direct-to-home provider of specialty medical products serving chronic disease patients.
The company offers more than 30,000 products addressing a range of rapidly growing chronic disease market segments including ostomy, diabetes, urological, enteral, incontinence and wound care.
"HGI is a market-leading distributor in the large and growing home health market and will continue to benefit from highly favourable long-term trends," says Richard J. Schnall, a Clayton, Dubilier & Rice partner.
A gradually recovering exit market helped drive shorter-term venture capital performance upward in the first quarter of 2010 while the ten-year horizon continued to decline, according to the Cambridge Associates US Venture Capital Index, the performance benchmark of the National Venture Capital Association.
Certain time horizons saw an increase in returns from the previous quarter, reflecting the opening of the IPO window and a record level of merger and acquisition activity in the quarter.
However, the improvement was not enough to bolster the ten-year returns which continue to deteriorate as the calculation for this time horizon no longer includes the
The Private Equity Council has presented evidence showing the industry outperformed public markets by an average of seven per cent and 11 per cent over three and five years.
The figures contradict claims by the Centre for the Study of Financial Innovation that the industry produced disappointing average returns whilst charging high fees to investors.
Mark Spinner, partner and head of the private equity team at law firm Eversheds, says the private equity industry is an easy target for the media and other interested bodies such as trade unions because it has a reputation as an asset stripping industry that
Guernsey’s government plans to give financial institutions a window from 1 January 2011 to 1 July 2011 for moving to automatic exchange of information.
The fiscal and economic policy group carried out a public consultation earlier in the summer and yesterday chief minister Lyndon Trott told the local parliament of the planned transition to automatic exchange of information for the equivalent measures Guernsey adopts relating to the EU Savings Tax Directive.
His statement outlined the intended timing of a movement to automatic exchange of information following the consideration of the results of the consultation process.
He said: “In light of
Foundation Venture Capital Group, a New Jersey Health Foundation affiliate, has sold its equity interest in Longevica Pharmaceuticals to Rostock International.
Longevica, a Princeton, New Jersey-based company, is involved in developing kinase inhibitors that may keep normal cells healthy during chemotherapy or radiation treatments.
Rostock International is a subsidiary of Rostock Group, a Moscow headquartered investment firm focused on investments in technologies that can increase human lifespan and improve quality of life.
“One of the exit strategies of FVCG is to sell our shares in the company in which we have invested to a corporation or other venture capital group
BlueArc, a network storage provider, has closed USD20m of funding led by Investor Growth Capital, the wholly owned venture capital arm of Stockholm-based Investor AB.
The round was also supported by 16 existing investors.
"After extensive research and diligence with BlueArc, their customers and industry experts, it’s clear that BlueArc has a significant growth opportunity and the demonstrated ability to grow faster than its market," says Jose Suarez (pictured), managing director at Investor Growth Capital. "BlueArc is helping customers solve critical storage and data management challenges with innovative solutions in an industry that continues to see explosive growth in the
Offshore law firm Appleby has appointed Christian Victory as an associate in its funds and investment services team.
Victory, who joined Appleby from William Fry in Dublin, transfers from the firm’s British Virgin Islands office where he advised clients on the formation, establishment and listing of mutual funds and hedge funds.
He also has experience in banking and finance, general lending, debt issuance and corporate and commercial law.
His arrival comes after six months of growth by the Cayman Islands funds team. Partner Richard Addlestone joined in January 2010 with over 16 years’ corporate, private equity and hedge funds experience
Venture investors put EUR1.1bn into 289 deals for European companies during the second quarter of 2010, a 50 per cent increase in investment from the year-ago period, which saw record-low investment levels.
The statistics from industry-tracker Dow Jones VentureSource show that in the second quarter of 2009, 252 deals raised EUR735m.
“It’s reassuring to see European venture investment beginning to bounce back after the record lows of 2009,” says Arno Castanet, research manager, Dow Jones VentureSource. “After the debt crisis, cautious optimism is emerging about the economic outlook in Europe for investment buoyed on by a number of good returns
Private equity firm The Jordan Company has signed a definitive agreement for The Resolute Funds I and II to sell HGI Holdings, a mail order distributor of medical supplies serving chronic disease patients.
The company is being acquired by private equity firms Clayton Dubilier & Rice and GS Capital Partners.
Terms of the sale agreement were not disclosed.
Headquartered outside Cleveland, HGI operates through two divisions, Edgepark Medical Supplies and Independence Medical. The company offers more than 30,000 products addressing chronic disease market segments including ostomy, diabetes, urological, enteral, incontinence and wound care.
“The Jordan Company has been a great
The latest plans to tackle India’s inadequate infrastructure present novel ways for investors to access growth, says Nitin Jain, head of long-only equities asset management at Kotak Mahindra (UK).
Despite its underdeveloped infrastructure, India is predicted to achieve growth of up to 9.4 per cent in 2010.
According to the Planning Commission of India, GDP growth is held back by 1.5 to 2.0 per cent every year because of a bottleneck in infrastructure expansion.
Corporate India is reporting strong growth and earnings but if India is to push through the double-digit growth barrier in the coming years, it needs much
Special Reports
Featured
- Insight
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
