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Beanstalk Management, a corporate finance adviser specialising in the small and mid market, has concluded a private equity investment on behalf of Mantis Deposition.
Beanstalk Management has completed the GBP3m investment with independent private equity specialists NVM Private Equity.
Founded in 2003, Mantis Deposition designs and manufactures high quality deposition instrumentation for novel materials research and development. The company also engages in the contract coating of conventional thin films and the development of nanoparticle coatings for industrial applications such as high efficiency photovoltaic cells, nanocoating-enabled medical devices and fuel cells.
"Mantis empowers nanocoating research and our technology is behind some
Atlantic-Pacific Capital, a placement agent and advisory firm, has appointed John Crocker as a partner in its private funds business.
As part of Atlantic-Pacific’s global distribution team, Crocker will focus on marketing private equity, real estate and infrastructure funds in Australia and New Zealand.
Additionally, Crocker will assist in originating and executing due diligence on new mandates for Atlantic-Pacific worldwide.
“As part of Atlantic-Pacific’s unique model, I look forward to servicing GP and LP clients from a global, independent firm with a true ‘ownership’ culture managed by its partners and principals,” says Crocker.
“John’s addition effectively complements our current institutional
DS Smith and The Carlyle Group have entered into exclusive discussions regarding the acquisition of the entire interest controlled by Carlyle in Otor.
The contemplated transaction would involve, directly and indirectly, the sale of 94.75 per cent of the share capital of Otor.
In addition, shares detained by Otor’s chairman would also be sold to DS Smith, which would post closing of the transaction control more than 95.00 per cent of the share capital and voting rights of the company.
The price per Otor share offered by DS Smith is EUR8.97. Following completion of the transaction, DS Smith intends to
Private equity firm Riverside has sold court reporting firm Veritext, generating a 5.1x cash-on-cash return.
Based in Florham Park, New Jersey, Veritext provides court-reporting services to law firms, large insurance companies, Fortune 500 corporations and regulatory agencies.
It captures testimony given during depositions for litigation ranging from local negligence cases to global, complex commercial litigation cases.
During its five-year hold period, Riverside developed Veritext into a national company through organic growth and providing necessary capital to make 13 acquisitions.
The sale of Veritext generated a 38 per cent gross IRR for Riverside.
Andrew Strauss, Riverside portfolio partner, says:
Amalgamated Capital, the recently formed sponsor leveraged finance division of Amalgamated Bank, has served as lead arranger and administrative agent for a senior secured credit facility in support of the recapitalisation of Abrasive Products & Equipment by ShoreView Industries.
The amount of the facility was undisclosed. AmalCap provides cash flow-based senior debt financing to support investments made by private equity sponsors in lower middle-market companies.
Headquartered in Deer Park, Texas, Abrasive Products & Equipment is a distributor of abrasive products and related equipment used in blast and painting applications in the Gulf Coast Region.
With USD600m under management in
The US Securities and Exchange Commission has declared effective the registration statement of KKR & Co. relating to the listing of its common units on the New York Stock Exchange.
Common units of KKR & Co. will begin trading on the NYSE at the market opening on 15 July 2010 under the ticker symbol KKR.
The existing common units of KKR Guernsey will cease trading on Euronext Amsterdam at the market close on 14 July 2010.
Common unitholders do not need to take any action to receive their NYSE-listed common units of KKR & Co. Any required action will be
Bank of America, a provider of banking and other financial services, has completed the sale of First Republic Bank, a provider of private banking and wealth management services, to a consortium of investors.
The consortium is led by First Republic’s existing management and includes investment funds managed by Colony Capital and General Atlantic.
The management team includes First Republic’s chairman James H. Herbert, and chief operating officer Katherine August-deWilde (pictured).
The transaction is valued at approximately USD1bn.
As of 30 September 2009, First Republic had USD19bn in total assets, USD16bn in deposits, and USD15bn in wealth management assets under management.
Axa Private Equity has appointed Benoit Verbrugghe as senior managing director, head of the New York office.
Verbrugghe will be responsible for helping to further expand Axa Private Equity’s business in North America.
Previously, Verbrugghe was a managing director based in Axa Private Equity’s Paris office where, as part of the fund of funds team, he played an active role in developing the firm’s business around the world, including North America.
In his new position, Verbrugghe has relocated to New York and will focus on North America, where Axa Private Equity has achieved growth in the last several months.
Over
Heidrick & Struggles International, an advisory firm providing executive search and leadership consulting services, has hired Richard Thackray and Jonathan Goldstein for its global private equity practice.
Thackray joined the firm as a partner in London and Goldstein as a partner in New York.
Both will focus on regional clients within the private equity sector, managing senior-level administration, operations, and searches for private equity funds and their investment management portfolio companies.
Thackray was previously chief executive and partner of Armstrong Management Group, a leadership advisory and executive search consultancy focused on private equity and asset management firms across Continental Europe
Law firm Dechert has hired James Waddington in London as a partner.
Prior to joining Dechert, Waddington was a partner at Orrick, Herrington & Sutcliffe.
Waddington advises commercial and investment banks and private equity and hedge fund clients in connection with finance and derivative transactions, credit default swaps, lending and borrowing arrangements, debt and equity offerings, insolvency and restructuring matters as well as fund formation and fund investments.
He has practiced law in Paris, London and New York since 1985 and has previously worked as an investment banker at Bankers Trust Company (now Deutsche Bank). He is fluent
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