Latest News
The listed private equity sector has delivered exceptional returns over the past year, research by Collins Stewart has found.
Solid net asset value returns have been enhanced by improvements in ratings from capitulation levels, balance sheet issues have been addressed, and mature portfolios have begun to deliver healthy, positive cash-flows.
Transparency remains an issue to the listed private equity funds of funds sector but the introduction of a number of high quality funds in recent years has raised the benchmark in terms of investor relations, the report says.
Concerns over excessive gearing, over-commitment and valuations led to a collapse in
The European Union’s Directive on Alternative Investment Fund Managers is poised to step significantly closer to becoming law this week, with decisions on the directive scheduled to be taken in the European Parliament and the EU’s Council of Economic Affairs and Finance Ministers.
Today members of the parliament’s Economic and Monetary Affairs Committee are due to vote on the directive, following a week’s delay resulting from a disagreement with the parliament’s Legal Affairs Committee about disclosure requirements affective companies with 50 or more employees that accept venture capital funding.
On Tuesday a different draft of the directive will be voted
Lehman Brothers has completed the spin-out of its European mezzanine business, Lehman Brothers European Mezzanine Partners, to Neovara, a new independent credit asset manager established by Lehman Brothers European Mezzanine Partners’ management team.
Neovara will advise on the realization of the EUR800m Lehman Brothers European Mezzanine Fund.
The spin-out has received unanimous support from the fund’s institutional investors, and Neovara is now assuming the management and control of their investment vehicles. The consent process for retail investors is ongoing.
Neovara has been established by the founders of Lehman Brothers European Mezzanine Partners, who have worked together since 2002
Climate Change Capital Private Equity has invested a further GBP7.5m into its majority owned portfolio company Climate Energy, an energy efficiency services firm.
The proceeds have enabled Climate Energy to enter into an agreement to acquire Creative Environmental Networks for an undisclosed sum.
Climate Energy has also appointed Mark Davies, former chief executive of Connaught, as non-executive chairman.
Creative Environmental Networks is an organisation delivering a range of services to engage householders, businesses and communities in environmental and social improvement.
The acquisition has strengthened the group, making it the largest Energy Savings Trust advice partner in the UK, offering a
Star Avenue Capital, a Los Angeles and New York based consumer growth equity vehicle, has appointed private equity veteran Paul Lattanzio as president.
Star was recently formed in partnership with private equity firm Irving Place Capital and entertainment and sports agency Creative Artists Agency.
The firm provides capital and counsel to growth companies in the branded consumer, retail, apparel and fashion industries.
Lattanzio most recently served as a senior managing director and the head of Bear Growth Capital Partners from July 2003 until January 2009. BGCP was a middle-market private equity group formed by, and closely affiliated with, Bear Stearns
HarbourVest Global Private Equity, a closed-end investment company, had an estimated net asset value of USD717.1m or USD8.64 per share as at 30 April 2010.
This represents a 0.1 per cent increase from the 31 March 2010 estimated NAV per share of USD8.63.
The company was net cash flow positive in April and has been net cash flow positive for four of the last five months and each of the last two financial quarters.
On 12 May 2010, all of HarbourVest Global Private Equity’s issued class A shares were admitted to trading on the Specialist Fund Market of the
Sequent Medical has closed a USD15.6m series B venture capital financing led by Domain Associates.
Existing investors Versant Ventures and US Venture Partners also participated in the financing.
Nimesh Shah (pictured), principal of Domain, will join Sequent’s board of directors.
"We are privileged to have such a high calibre group of investors, and would like to welcome both Domain Associates as an investor in Sequent and Nimesh Shah as a board member," says Tom Wilder, who joined Sequent Medical in February 2010 as president and chief executive officer. "We will utilise these funds to continue our development programs, including the
Private equity investors rank healthcare companies their top choice for deal activity in the next 12 months, says a survey by accountants and business advisers Grant Thornton UK.
When asked to select the top three sectors they would be most active in over the next 12 months, 50 per cent of respondents from private equity firms pointed to healthcare, according to the Private Equity Barometer, a quarterly survey of more than 100 private equity executives.
In addition, 52 per cent of private equity firms cited healthcare as the sector they had been most active in during the previous 12 months.
Guernsey’s Chief Minister Lyndon Trott has been reinforcing the island’s position as a leader in tax transparency during meetings with officials in Washington.
The Chief Minister last week met with Michael Mundaca, assistant secretary of the US Treasury Department, to discuss the continuing cooperative efforts of the two jurisdictions on tax transparency and information exchange.
Appointed by President Barack Obama in March 2010, Mundaca is the senior executive officer in the US government responsible for tax policy. The meeting builds on similar meetings between the two jurisdictions that began almost a decade ago and produced Guernsey’s first-ever tax information exchange
Law firm Withers Bergman has hired Robert Wessely as a partner in its New York office.
He was previously a partner at Arnold & Porter.
A specialist in cross-border transactions, Wessely has represented a diverse range of clients in Europe, Asia, the Middle East and the US.
He has extensive experience in providing strategic and structural advice on cross-border mergers and acquisitions, private equity transactions, venture capital, joint ventures, financing, restructuring and licensing transactions.
While his client base is worldwide, he has particular expertise in representing German and Middle Eastern companies involved in transactions in the US. He is
Special Reports
Featured
- Insight
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
