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MVC Capital has closed the sale of portfolio company Dakota Growers Pasta Company to Viterra, Inc for USD240 million in cash.
MVC will be receiving net proceeds of approximately USD38 million from the sale posting a six year IRR of 27.6% including dividends received and fees earned over the life of the investment. The USD38 million of cash includes all transaction expenses and reflects a 6.2% premium over the fund’s last publicly reported fair market value for the investment (as of January 31, 2010).
With the increased liquidity, MVC may explore several uses for the cash including redeployment into
Steve Crowell has joined real estate private equity firm Alvarez & Marsal Capital Real Estate (A&M CapRE) as a senior director.
Atlanta-based Crowell brings more than 25 years of experience operating and raising capital for community banks throughout the Southeast as well as handling commercial credit underwriting, real estate lending and turnaround management strategies for banks, real estate companies and operating companies. He has successfully led bank turnarounds and has experience managing the regulatory agreement process. Mr. Crowell offers specialized expertise in loan participations and loan syndications as well as loan loss reserve analysis and bank regulatory issues.
”Steve is
Eurazeo has reported revenues from its private equity activities in Q1 2010 of EUR852.8 million, an increase of 4.1 per cent as reported, and 2.3 per cent on a comparable basis. Revenues for real estate increased 6.5 per cent in the same period to EUR8.8 million.
Eurazeo has reported revenues from its private equity activities in Q1 2010 of EUR852.8 million, an increase of 4.1 per cent as reported, and 2.3 per cent on a comparable basis. Revenues for real estate increased 6.5 per cent in the same period to EUR8.8 million.
Portfolio company APCOA had Q1 2020 revenues of
Maranon Capital has appointed Laura K Albrecht as a Vice President. In her new role, Albrecht will be responsible for evaluating new business opportunities, transaction execution, and portfolio management.
“We are very pleased to have Laura join Maranon,” says Tom Gregory, Managing Director and Co-Founder of Maranon Capital. “She has worked previously with our existing investment team and immediately adds to our ability to underwrite the robust level of new deal flow that we are seeing.”
Albrecht has over ten years of experience in leveraged lending, private equity, fund management and valuation analysis. Prior to joining Maranon, she was a
Fitch Ratings has published its revised methodology relating to the analysis of European covered bonds secured on commercial mortgage loans.
The revised approach measures more precisely the credit risks of granular commercial mortgage loan portfolios securing covered bonds. The main methodological change is driven by the type of borrower. Particular analytical emphasis will now be placed on property income information for special property companies whose only tangible asset is the actual property itself, whereas operating companies’ probability of default relates more closely to the risks stemming from their general business activities.
Commercial real estate is an asset class that is vulnerable
inVentiv Health, a provider of end-to-end clinical development, launch and commercialization services to the global pharmaceutical and healthcare industries, is to be acquired by private equity firm Thomas H Lee Partners (THL) for approximately USD1.1 billion.
Under the terms of the agreement, which has been approved by inVentiv’s board of directors, inVentiv shareholders will receive USD26.00 in cash for each share of VTIV common stock they hold, representing a 52% premium over the USD17.15 closing stock price on March 25, 2010, the day before inVentiv announced that it had been approached by financial investors regarding a potential transaction and had
Actis, an emerging markets private equity specialist, has completed its investment in KS Distribution following the approval by the Singapore Courts of the inter conditional schemes of arrangement in respect of Aqua-Terra Supply and SSH.
The creation of KS Distribution, in a SGD320m deal funded by Actis and KS Energy, aims to create Asia’s largest oil and gas and marine products distribution business with more than 60,000 product lines across nine countries.
Actis has invested SGD142m in cash to acquire a 44.375 per cent stake.
KS Energy will hold the other 55 per cent, with the remaining 0.625 per cent
Investors’ views about the US are very positive with 65 per cent saying they would buy US equities this year versus 21 per cent Europe and 14 per cent Japan, according to a poll by Schroders.
At a recent Schroders investment conference in London, 95 intermediary clients from across the Middle East and Europe were asked their top asset class and regional recommendations as well as preferred investment strategies for 2010.
Positive sentiment towards emerging markets has not changed since the same conference six months ago with 27 per cent choosing emerging market debt and 23 per cent emerging markets
US venture capital investment in cleantech companies in Q1 2010 hit USD733.3m in 72 financing rounds, a 68 per cent increase in capital and a 118 per cent increase in deals compared to Q1 2009, according to an Ernst & Young analysis based on data from Dow Jones VentureSource.
Compared to Q4 2009, these results represent a six per cent decline in funding and one per cent decline in financing activity.
Cleantech investment is recovering faster than overall venture capital investment, which increased 11 per cent from Q1 2009 to USD4.7bn. The total share of venture capital invested in cleantech
Rainbow Early Education, a provider of early education services for children in the US mid-west, east and southeast, has received an investment from private equity firm Spire Capital Partners in partnership with management to acquire and organically build upon its existing footprint of schools.
As part of the investment, Rainbow effectuated the acquisition of Little Pro’s Academy Holdings and Mayberry Learning Center, bringing total schools under management at Rainbow to 30.
In addition, the acquisitions expanded Rainbow’s service offerings, as the company will now manage over ten before-and-after school programmes in conjunction with public schools.
Spire has also committed significant
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