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Kohlberg Kravis Roberts and Environmental Defense Fund say the Green Portfolio Program has achieved USD160m in savings after just two years.
The programme, launched in 2008, harnesses innovation to improve financial and environmental performance of KKR’s portfolio companies.
The programme focuses on several key environmental performance areas, including greenhouse gas emissions, waste, water, forest resources, and priority chemicals.
“Today’s impressive results clearly link good environmental practices with superior business performance,” says Tom Murray (pictured), managing director for corporate partnerships at Environmental Defense Fund. “They also illustrate the important role that KKR and the private equity sector can play in driving
Wheb Ventures, a European clean technology private equity firm, has held the final closing of its second clean technology fund, Wheb Ventures Private Equity Fund 2, at GBP105.4m (equivalent to EUR125m or USD154m).
The investors are a mix of institutions and family offices.
The institutional investors include the European Investment Fund, the Environmental Innovation Fund managed by Hermes GPE and a US fund of pension funds.
The family offices comprise a range of industrial and financial families including the Bamfords (who own JCB), the Goldsmiths, Lord Jacob Rothschild (chairman of RIT) and Simon Robertson (chairman of Rolls Royce).
James
JonesTrading Institutional Services, an agency brokerage which provides institutions with block trading in securities, has appointed Andrew Tuthill as managing director and head of its capital markets group and a member of the executive committee.
JonesTrading Capital Markets provides liquidity to the corporate and private equity communities and is in part a response to the increased demand by institutions for an unconflicted agency model in secondary offerings.
Tuthill brings 17 years of experience in investment banking, trading and equity capital markets to the position.
Most recently he was managing director – head of special situations for the equity capital markets
Private equity firm Avista Capital Partners has committed to invest USD48.5m in OptiNose, which has developed a nasal drug delivery technology that enables administration of drugs deep in the nasal cavity, enabling the treatment of both local and systemic disease.
In conjunction with this investment, OptiNose will reincorporate in the US and move its headquarters from Oslo, Norway to Yardley, Pennsylvania.
OptiNose, which was founded by Dr. Per Djupesland in 2000, has tested its nasal drug delivery device under the leadership of the current chief executive Helena Kyttari Djupesland.
The company recently completed phase II clinical studies for chronic rhinosinusitis
Reply.com, an online marketing company, has entered into a loan agreement with Hercules Technology Growth Capital which provides it with up to USD15m in venture debt.
Hercules Technology Growth Capital primarily finances privately-held companies backed by venture capital and private equity firms.
"We are pleased and excited to announce this new relationship with Hercules," says Reply.com founder and chief executive Payam Zamani. "This loan facility allows us to more proactively consider relevant opportunities for acquisition."
Reply.com has also acquired certain assets of Contractors.com to further enhance its home improvement-related offerings.
"With the addition of Contractors.com to our family of offerings,
Healthcare company Grifols has entered into an agreement to acquire Cerberus Capital Management’s portfolio company Talecris Biotherapeutics for a combination of cash and newly issued Grifols non-voting shares.
Cerberus controls an affiliate that owns approximately 49 per cent of the outstanding common stock of Talecris, a biotherapeutic and biotechnology company.
"We are excited about the prospect of becoming shareholders of Grifols. Led by Victor Grifols, Grifols has long been known as a leading innovator in the plasma-derived protein therapeutics field," says W. Brett Ingersoll, co-head of private equity at Cerberus. "Victor Grifols and his management team have over 30 years
Red Fort Capital’s affordable housing portfolio has generated revenues in excess of USD450m with over 4,000 units sold since mid-2009.
The firm is currently harvesting investments in three affordable housing projects located in India’s National Capital Region and Chennai.
Subhash Bedi (pictured), managing director of Red Fort Capital, says: "Demand for Red Fort’s value-oriented projects has proven to be end-user driven and based on India’s robust long-term growth trends including sustained six to eight per cent annual GDP growth, increasing urbanisation, job creation across sectors and a burgeoning middle class with high savings and net worth."
Over the past year,
European private equity fund services provider Ipes has appointed Justin Partington to its executive board.
As commercial director, Partington will spearhead the continued development and growth of Ipes’ business across the group, with a specific focus on the UK and Europe following the firm’s recent move into Luxembourg.
Partington has over 11 years’ experience in the funds industry, spanning the alternative investment asset class. He joins Ipes from a London-based fund administrator, where as head of private equity he was responsible for existing client relationships, operational sales to prospective clients, and building the client and intermediary network. Previously, Partington was
Alternative asset manager The Carlyle Group has closed four growth capital investments across Asia with total equity investment of more than USD140m.
These investments, made by Carlyle Asia Growth Capital Partners IV, illustrate strong momentum of the fund since its closing at USD1.04bn in June 2009.
Within the first year of final closing, the fund has already invested in eight companies.
The four new investments are: ATMU (China); Tirumala Milk Products (India); HKucar Global (Korea); and EO Technics (Korea).
Wayne Tsou, managing director and head of Carlyle Asia growth capital group, says: “We are excited with our business
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