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Kohlberg Sports Group has acquired Maverik Lacrosse, a designer, developer, manufacturer and marketer of lacrosse equipment, apparel and accessories.
Kohlberg Sports Group, an affiliate of Kohlberg & Company, also owns Bauer Hockey, a manufacturer of ice hockey equipment.
"Maverik Lacrosse has already become one of the top names in the sport and its products have become synonymous with quality and performance," says Sam Frieder, co-managing partner, Kohlberg & Company. "We are excited to invest in Maverik Lacrosse and provide the necessary resources and support to make it the top brand in lacrosse – just as Bauer is the top brand
Law firm Cadwalader, Wickersham & Taft has broadened its reach in China with the addition of Rocky Lee, a lawyer specialising in Asian equity markets.
Lee joins Cadwalader as Asia managing partner and head of its Greater China corporate practice in the corporate department.
"At this critical moment in the development of Asian finance and given the emerging influence of China, it is more important than ever for clients to seek expert advice concerning complex regulatory and legal matters in Asia," Lee says. "Cadwalader is known for that unparalleled sophistication and for the ability to deliver exceptional legal service under
SS&C Technologies, a provider of financial services software and software-enabled services, has hosted a launch event for its private equity industry solution at the Nasdaq MarketSite in New York City.
The company, its customers, service providers and prospects gathered together to experience SS&C’s software and services designed for the private equity industry.
In his keynote address, SS&C chairman and chief executive officer William C. Stone discussed the changing needs of private equity funds. In his remarks, he also highlighted changing regulatory requirements, increased demand for transparency from investors, and how private equity funds are adapting to the new realities to
Venture capital firm Highland Capital Partners is relocating Peter Bell from Boston to the firm’s Menlo Park office.
"Backing innovative, market leading companies in California has always been an essential aspect of Highland’s investment strategy," says Bell, general partner with Highland. "I am passionate about entrepreneurship and excited to return to California and further expand our presence in the region."
Bell joined Highland in 2006 and specialises in technology investments across all stages of company growth. He has worked with and invested in companies in the information security, e-commerce, data centre infrastructure, enterprise software and communications industries.
Bell serves on
Orangefield Trust has selected Advent Software’s Geneva portfolio management system and Advent Partner World Investor solution for investor accounting and servicing.
Orangefield Trust, formerly ING Trust, operates from offices in 11 jurisdictions across the globe.
The firm provides a wide range of management, administrative and trust or corporate services to funds, corporate clients and private clients.
Orangefield Trust already has over USD2bn assets under administration spread across 20 funds and is seeking further expansion of its business. To achieve this objective Orangefield Trust required a platform that would facilitate the desired growth without adding cost while delivering high quality service.
BookRenter, an online textbook platform company, has received USD10m in a series B financing round led by Norwest Venture Partners, with follow-on investments from Storm Ventures and Adams Capital Management.
The funds will be used to support growth initiatives that will enable BookRenter to maintain its service levels and meet growing demand.
"Norwest has an excellent reputation for understanding the big picture and cultivating trends into long-term successful businesses, and we are thrilled that they have decided to join us in our mission to make education more affordable for all students," says Mehdi Maghsoodnia, chief executive officer of BookRenter. "Their
Silver is being overlooked by investors in the rush for precious metals and is primed for a major price breakthrough that will outstrip gold, which has dominated the market’s attention in recent months, notes Jeremy Charlesworth, Manager of the Moonraker Commodities Fund.
Gold outperformed silver by 46% over the three years to 31 May 2010 and silver, given the long-term correlation between the two metals, is due a catch-up. As gold becomes ever more expensive, investors will turn to silver as an alternative precious metal.
Both metals are set to be driven even higher by the
Private equity firm Riverside has acquired Naka, a Japanese developer, manufacturer and distributor of high-end crystal oscillators and crystal units.
Major clients include mobile equipment vendors, which use Naka’s devices in microwave backhaul equipment that provides interconnectivity among base stations.
Crystal oscillators are used in almost all electronic devices that require stable frequencies or precise clocks. These devices help keep track of time, provide stable clock signals for digital integrated circuits, and stabilise frequencies for radio transmitters and receivers.
Naka marks the second Japanese platform investment for Riverside and the fourth platform for Riverside Asia Fund I.
Stu Baxter,
Angelo Gordon has added J. Wayne Merck to its private equity group as a senior adviser.
Merck will also serve on the board of the firm’s portfolio company, KEE Action Sports.
"We are thrilled Wayne has decided to become a Senior Advisor to our firm’s Private Equity Group," says Arthur Peponis, co-head of Angelo Gordon’s private equity and special situations activities. "He will help us immensely with our investment activities going forward."
Prior to joining Angelo Gordon, Merck was most recently director, president and chief executive of K2, where he had worked in various roles and divisions since 1991. In
Authentic Brands Group has completed a USD250m equity capital raise with Green Equity Investors V, an affiliate of Leonard Green & Partners, Knight’s Bridge Capital Partners, a wholly-owned subsidiary of Counsel Corporation, and Authentic Brands Group’s chairman, president and chief executive officer James Salter.
The equity capital will be used to fund the growth of Authentic Brands Group’s brand licensing and management business as it looks to acquire and manage consumer brands in the apparel, sporting goods, action sports, home, celebrity, entertainment and consumer electronics segments.
Prior to the establishment of Authentic Brands Group, Salter and Kenneth Finkelstein, chief executive
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