Latest News
Global Capital Management’s Global Opportunistic Fund I has exited its investment in Banawi Industrial Group.
Banawi, a diversified industrial group based in Jeddah, Saudi Arabia, was founded in 1957 by Sheikh Ali Al-Banawi as the first commercial printing and paper-based packaging company in the GCC region.
The company is currently active in the packaging and specialty chemicals sectors with four subsidiaries, Banawi Container Group, Ashwa Technologies, Henkel Technologies Egypt and Henkel Technologies Middle East.
Global Opportunistic Fund I, a pre-IPO private equity fund managed by Global that invests in late stage private equity opportunities within the GCC, invested in
Resilience Capital Partners, an Ohio-based private equity firm, has completed the acquisition of Taylor Lumber and its subsidiaries.
Terms of the transaction were not disclosed.
Founded in 1889, Taylor Lumber is one of the world’s largest producers of rift and quartered sawn lumber. The company is headquartered in Ohio and employs over 180 people.
Taylor Lumber’s products consist of a wide variety of lumber species including white oak, red oak, walnut, cherry, hard maple, ash and hickory.
"We are excited about the opportunity to acquire this very unique niche-oriented building products business and look forward to writing a new chapter
OJK, part of Gresham Private Equity backed James Grant, has acquired Addis, a Stockport based accountancy practice.
Terms of the deal have not been disclosed.
OJK provides accountancy, tax and consultancy services to clients within the music, entertainment and sports sectors. Clients include Bryan Adams, Davina McCall and Sir Bob Geldof.
Addis clients include Muse, Manic Street Preachers, The Script, New Order and Elbow.
Pat Savage, managing director of OJK and group director of James Grant, says: “Addis & Co has a highly regarded client base and in acquiring this business we establish a North West office to complement our
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
Special Reports
Featured
- Insight
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
