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Eurazeo Group’s consolidated revenue was EUR3,785.4m in 2009, down 6.6 per cent as reported and down 5.9 per cent on a comparable basis.
Revenue from private equity activity amounted to EUR3,707.3m, a decline of 4.9 per cent on a comparable basis.
The real estate business increased 6.6 per cent in 2009 to EUR33.6m, reflecting continued growth in ANF rents.
The consolidated net income group share amounted to -EUR199.3m compared to -EUR68.0m in 2008. This result includes EUR484.6m in adjusted EBIT from the integrated operating companies (ANF, Apcoa, B&B, Elis and Europcar) compared with EUR522.9m euros in 2008, a decrease of
The W.K. Kellogg Foundation has formed a partnership with Progress Investment Management to support and cultivate smaller entrepreneurial investment management companies.
Under the terms of the partnership, the Kellogg Foundation will establish up to a USD100m diversified portfolio of emerging fixed income and equity managers to be managed by Progress.
The programme’s goal will be to generate positive, market rate returns for the foundation while providing entrepreneurs in the investment industry with the resources they need to build their businesses, thereby helping further the foundation’s commitment to engender success and to support communities across the country.
"By establishing the emerging
Eurazeo has appointed Fabrice de Gaudemar as a member of the executive board.
De Gaudemar, 35, joined Eurazeo in 2000.
While at Eurazeo, he participated in venture and growth capital transactions before taking part in the structuring or the oversight of the investments in Eutelsat, Cegid, Rexel, Europcar, Apcoa and Elis.
He has been a member of Eurazeo’s executive committee since 2007, and is a member of Europcar Groupe’s board of directors as Eurazeo’s representative.
Before joining Eurazeo, de Gaudemar was a project manager for the French Ministry of Defense, where he was responsible for the architecture and the roll
Compass Advisers Group, an international merchant banking partnership, has formed Compass Partners Asset Management, a principal investing arm focused on alternative investments.
Scott Marden has rejoined the firm as head of asset management from Credit Suisse and will become managing partner of the Compass Investment Partners Fund, a new middle-market private equity fund.
The firm has also hired several senior investment professionals who previously worked with Marden at Credit Suisse to serve as the core private equity team.
Stephen Waters (pictured), managing partner of Compass Advisers, says: "Asset management is a logical extension for our firm, especially at this rare
Water Street Healthcare Partners, a private equity firm focused exclusively on healthcare, has entered into a definitive agreement to sell its gastrodiagnostic device company, Sierra Scientific Instruments, to Given Imaging.
Given Imaging, a provider of patient-friendly GI diagnostic and monitoring solutions, will purchase the business for USD35m in cash. The transaction is expected to close in early April.
Water Street was instrumental in building Sierra Scientific into a provider of diagnostic devices for the clinical gastroenterology market. The firm merged Sierra Scientific with a division of its specialty diagnostic device company, Alpine Biomed Corporation, in 2009.
Sierra Scientific offers a
TLG Capital has added Compaqnie Fluviale du Mekong, a river cruise company based in Cambodia, to its portfolio.
This represents TLG Capital’s third company under management following its first two investments in Uganda and Ghana.
CFM is the oldest company to offer river cruises along the Mekong River. Its current fleet of four ships offer tourists the opportunity to explore cities and remote villages on the Mekong in both Vietnam and Cambodia.
Cambodia alone attracts close to two million tourists and is expected to more than double in the next five years with the UK, France, Germany, and Australia representing
Avaak, a provider of ultra low power wireless video networking technology, has raised USD10m in series B funding led by Qualcomm.
Qualcomm joins Avaak’s existing investors, Trinity Ventures, InterWest Partners and Leapfrog Ventures, in backing Avaak’s wireless video technology being delivered in the Vue personal video network consumer product.
The Vue system allows consumers to monitor their homes or businesses via the internet and access a live video feed through a mobile device. The system features a network of small, battery-powered cameras that can be placed anywhere.
"Avaak has taken video monitoring to a new level of simplicity, allowing consumers
MMC Ventures is launching an enterprise investment scheme fund for younger investors.
From 22 March, any 18 to 35 year old who has GBP2,500 or more can invest in venture capital as an asset class, through the MMC Growth Generation Fund.
To encourage investment MMC has waived its usual management fee and subscription cost.
The fund, which benefits from EIS tax relief, provides priority access to invest in MMC’s pool of fast growing UK companies.
Rory Stirling (pictured), investment manager at MMC, says: “We felt that there was a gap in the market for a fund that encourages the
Benchmark Capital, an early-stage technology venture capital firm, has appointed Sam Pullara as an entrepreneur-in-residence.
Pullara (pictured) was most recently at Yahoo! as chief technologist, where he was responsible for Yahoo!’s product and technology strategy across the organisation.
Pullara has also spent a significant part of his career building successful start-up companies.
"I am very excited to work with Benchmark Capital, and with Peter Fenton again," says Pullara. "It is an amazing time to be starting a new venture and advising great entrepreneurs. Working closely with exceptional investors and advisers who are deeply committed to the entrepreneur’s success was an
Many alternative investment firms are lagging in internal IT, compliance, policy enforcement, business continuity planning and IT security, according to analysis by Richard Fleischman & Associates, a provider of outsourced technology and IT services.
The findings come from a 12-month review of more than two dozen RFA Due Diligence Assessments, which focus on IT, business processes and compliance.
The assessment analyses an alternative asset firms’ capabilities from an institutional investor’s perspective, identifying compliance vulnerabilities and business process deficiencies and prioritizes remedies in anticipation of investor requests.
Despite increased scrutiny from investors and regulatory agencies, the RFA analysis found
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