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Several private equity investors have acknowledged support for the Cloud Communications Alliance, a consortium of eight companies that aims to drive development and adoption of the first nationwide high-definition enterprise voice and data network in the IP cloud.
The alliance was launched at the Cloud Computing Expo being held this week in New York City.
“The same way the internet and ubiquitous broadband have created a boom in cloud computing, we are now seeing changes in the way enterprises communicate via cloud communications,” says Dennis Weibling, managing director of telecommunications firm Rally Capital. “Cloud communications is currently being served by
Base10 Capital Advisors has added private equity fundraising as an expansion of services to owners, developers and investors of mid-market commercial properties.
The company says that by connecting clients with high net-worth sources of private equity fundraising, it fills a void that exists in the Western Canadian commercial real estate market.
“Equity investors, whether existing partners or potential ones, have experienced some challenges and are now much more diligent in evaluating investment opportunities,” says Base 10’s managing director Bryan Slauko. “As a result, they are much more demanding with regard to ongoing transparency and reporting. Knowing what information to present
HarbourVest Partners, an alternative investment firm, has appointed Simon Lund as head of sales and marketing for Europe, the Middle East and Africa.
Lund (pictured) will manage and enhance relationships with new investors and their advisers within the EMEA geographic regions.
“We are very pleased to have Simon join our team,” says George Anson, managing director of HarbourVest Partners (UK). “He brings extensive experience with a track record of success in building relationships with prospective investors, fund raising, and new product development.”
Lund will be based in London and will focus on the marketing of HarbourVest’s private funds, fund
Guernsey-based financial services provider Bachmann Group has announced a partial management buyout, with 40 per cent of shares in the firm, one of the largest independent fiduciary services businesses in the Channel Islands, now owned by its 35-strong senior management team.
Founder Peter Bachmann will retain the remaining 60 per cent of the group, which was founded in 1974, includes operations in the UK, Switzerland and New Zealand and employs a total of 120 people.
According to chief executive Gerry Williams, the buyout aims to facilitate “positive growth” and new acquisitions for the fund administration arm of the group.
“Our
Providing entrepreneurs in developing countries access to financial services is crucial, Princess Máxima of the Netherlands has told the conference Be Social, Make Profit: Financing the Future of Developing Economies.
At the conference, held to mark the 40th anniversary of Dutch entrepreneurial development bank FMO, Dutch Foreign Affairs Minister Maxime Verhagen emphasised that economic growth is essential in developing countries to ensure equal distribution of wealth.
“Investing in infrastructure is important for economic growth in developing countries,” Verhagen said.
He referred to the Infrastructure Development Fund set up by the Foreign Affairs Ministry and FMO, which focuses on higher-risk infrastructure
Omers Private Equity has agreed to acquire United States Infrastructure from funds affiliated with Kohlberg.
United States Infrastructure is a provider of outsourced sub-surface utility locating services in the US.
The company provides locating services across 20 states on behalf of over 400 telecom, electric, gas, cable and water utilities, including all major national and regional utilities throughout the Midwest, Southeast, Southwest and Northwest.
"USIC is a great addition to our portfolio with its market-leading position, focus on quality of service, and history of innovation within its industry," says Paul Renaud (pictured), president and chief executive of Omers Private Equity.
The Emerging Markets Private Equity Association has advised members of the European Parliament to vote with caution when adopting proposals on third country arrangements of the draft Alternative Investment Fund Managers Directive on 27 April.
The association says the outcome of this vote will seriously affect economic development in emerging economies.
EMPEA also requests that the directive be amended to allow emerging market fund managers to market their funds in the EU under a regime similar to the private placement one now in place.
Citing new research data from the latest EMPEA/Coller Capital Emerging Markets Private Equity Survey, the association
A prolonged period of pricing stability, increased lending and the General Election mean the number of transactions is set to rapidly increase by the end of the year, according to the latest Private Company Price Index and Private Equity Price Index from accountants and business advisors BDO.
According to the PEPI, the average price/earnings multiples paid by private equity companies rose 32 per cent to 13.3 price times earnings in the past 12 months and 11 per cent in the last quarter alone.
Meanwhile, the PCPI which tracks price/earnings multiples paid by trade buyers for private companies is at 12
Private equity firm Riverside has opened an office in Melbourne, Australia as part of Riverside Asia Fund.
The new office will focus principally on finding and evaluating attractive middle market opportunities in Australia, strengthening Riverside’s presence in the Asia Pacific region.
The Melbourne office complements RAF offices in Hong Kong, China; Tokyo, Japan; and Seoul, South Korea.
In addition to its anticipated upcoming investments, RAF I has made three investments – two platforms and one add-on.
Riverside, which invests in growing companies with enterprise values of USD200m or less, now has 19 offices in 13 countries on four continents around
EnCap Investments, a Texas-based oil and gas private equity firm, and its partner Flatrock Energy Advisors have closed EnCap Energy Infrastructure Fund with total capital commitments of USD791.6m.
The fund provides growth capital to proven management teams focused on the midstream sector of the oil and gas industry in North America.
Since its inception in 1988, EnCap has managed over USD7bn of capital commitments, providing growth capital to 169 companies.
In establishing the midstream fund, EnCap joined forces with Flatrock, a group of midstream experts who left their advisory practice to become the investment team of the fund. In association
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