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Dow Jones and Glocap Search will produce a joint private equity compensation report for the first time.
Due in November 2010, the Dow Jones Private Equity Analyst-Glocap Compensation Report will combine the research capabilities and industry knowledge of Dow Jones with Glocap’s compensation expertise.
"Glocap has an intimate understanding of the entire spectrum of compensation and hiring trends in the alternative asset space, and is well versed in the challenges faced by hiring firms in today’s market," says Jennifer Rossa, editor of the forthcoming report and Dow Jones Private Equity Analyst. "Leveraging Glocap’s expertise will ensure the report is a
Graphite Capital, a UK mid-market private equity specialist, is funding the development of London Square, a new house-builder focused on prime sites within the M25.
The company has been formed to capitalise on the recovery in the London housing market.
Graphite will provide up to GBP50m of equity capital for a majority share in the new company. Together with a further GBP50m of senior bank debt, the total funding package is expected to be GBP100m.
London Square is led by Adam Lawrence, a house-builder with over 20 years’ experience of house-building within London and the south east. He spent the
Northern Trust says that if investment managers are to navigate the intricacies of pending new European regulations they cannot look at each regulation in isolation.
This, according to Northern Trust’s latest white paper Funds regulation: A brighter distribution future? is vital to ensure investment managers are well positioned to take advantage of the potential for increased ease of distribution across Europe.
"Europe’s supervisors are looking for ways to get more investors involved in the market and to keep them involved, while providing a framework for improved governance," says Wilson Leech, head of Northern Trust’s global fund services business.
"The challenge
Coresonic, a provider of baseband processor technology, has raised SEK20m in an issue of new shares.
The round was led by SEB Venture Capital and attracted further financing from existing investor Industrifonden.
The capital will enable Coresonic to drive the international sales expansion and continue building a strong technology platform.
Coresonic, founded in 2004 based on the outcome of a research project at Linköping University, has developed a patented technology for digital signal processing. Customers are all chip manufacturers with products that include signal processing, such as radio, phones and WiFi.
"Digital signal processing is not only a prerequisite
RoundTable Healthcare Partners’ portfolio company Aspen Surgical Products has entered into an agreement with Becton Dickinson to acquire the Bard-Parker surgical blades and scalpels business.
BD is a medical technology company that develops, manufactures and sells medical devices, instrument systems and reagents.
The transaction is expected to be completed by 30 September 2010 subject to customary closing conditions. Financial terms of the agreement were not disclosed.
"The acquisition of the Bard-Parker surgical blades and scalpels business will advance our strategy of becoming a leading provider of patient and staff safety products to the operating room," says Greg Pritchard, chief executive
A study tracking the correlation between tax rates and private equity investment shows that the pending proposal to more than double the tax rate on “carried interest” profits earned by investment partnerships could reduce private equity investment in the US by USD7bn to USD27bn a year, with an accompanying loss of thousands of jobs.
The Private Equity Council study also concludes that the rate increase could reduce the overall value of the nation’s commercial real estate assets and in turn contribute to an increase in commercial mortgage default rates.
“This data is consistent over two decades and confirms that tax
RoundTable Healthcare Partners has entered into an agreement with Becton Dickinson to acquire the ophthalmic systems unit, a business within the BD medical segment.
BD is a medical technology company that develops, manufactures and sells medical devices, instrument systems and reagents.
The transaction is expected to be completed by 30 September 2010 subject to customary closing conditions, including consultations and regulatory approvals. Financial terms of the agreement were not disclosed.
The investment will be the fifth platform from RoundTable’s Fund II and the ninth in its current portfolio, joining five other medical device and three pharmaceutical entities.
The ophthalmic systems
Alexandra Dupont has joined BNP Paribas Private Equity as investment director responsible for the origination, realisation and follow-up of growth and transmission deals.
In addition, Nicolas Schwindenhammer (pictured) has been promoted to investment director.
Dupont was previously an investment manager at Cognetas and, before that, 21 Centrale Partners. She will work on the roll-out of BNP Paribas Private Equity’s growth strategy in the small-cap segment, in France and Benelux.
Schwindenhammer spent the past two years as an account manager within BNP Paribas Private Equity’s direct investment team. He was previously with Deloitte Finance’s transaction service department.
JackRabbit Systems, a developer of online travel software for destination and travel portal websites, has closed a round of USD1.33m private equity funding co-led by Kickstart Seed Fund and Sun Mountain Capital.
The funding will support the national growth plans of the company.
"JackRabbit Systems combines a savvy, high-quality entrepreneur in Andrew and a disruptive technology in the online travel space," says Gavin Christensen, managing director of Kickstart Seed Fund. "We are impressed with the revenue traction and customer wins that the company has achieved within a short amount of time and with very little capital."
Originating four million leads
An affiliate of Castle Harlan Partners V has signed a definitive agreement to acquire IDQ, a manufacturer of branded automotive aftermarket products for servicing and repairing automotive air conditioners.
The transaction is expected to close in June and is subject to the satisfaction of various conditions.
The company will continue to operate under the IDQ name. IDQ products, such as air conditioning recharge and retrofit kits, refrigerant blends, specialty chemicals, straight refrigerants, and a wide range of complimentary DIY and professional use items, are sold to consumers through a blue-chip customer base representing approximately 25,000 retail stores.
These include national
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