Latest News
French business law firm FTPA is advising Franck Michel, court administrator, and Cosme Rogeau, court liquidator, in connection with the sale of Nortel Networks’ assets.
After several restructuring operations, the North American telecommunications equipment supplier has been placed under creditor protection worldwide and European insolvency proceedings, including its main French operating subsidiary.
FTPA partners Antoine Tchekhoff and Edouard Fabre have been advising on the restructuring process since May 2009, handling all aspects of the insolvency process and sale of the French subsidiary’s assets.
The North American estates of Nortel are advised by Cleary Gottlieb Steen & Hamilton, while the European
A Clifford Chance team has advised Teddington Bidco, a newly incorporated company backed by the Bridgepoint funds and management, on its acquisition of LGC, a provider of chemical and biological analytical services and reference materials.
The transaction, which valued LGC at GBP257m, extends a recent spell of success for Clifford Chance in private equity, having advised the banks on the CPA Global deal and Warburg Pincus on the Survitec deal, both in the last two weeks.
The transaction team was led from Clifford Chance’s corporate practice with the banking, anti-trust and pensions practices.
The team included Matthew Layton, Kem Ihenacho,
Advanced Fund Administration, a private equity and hedge fund administration company, has appointed Mark Lancaster as vice president of business development, based in the Summit, New Jersey office.
His primary focus is leading AFA’s sales and marketing activities.
Lancaster is a 20 year veteran in the financial services industry. Before joining AFA, he was with Depository Trust and Clearing Corporation where he was vice president of wealth management services, responsible for developing the Alternative Investment Products service and accelerating industry use of AIP to automate alternative fund subscription, redemption and post-trade processing.
"With the experience and industry pedigree of the
Markstone Capital, a private equity firm based in Tel Aviv, has reached an agreement with the New York State Attorney General ending the pension fund inquiry related to the conduct of former chairman, Elliott Broidy.
In December 2009 Broidy resigned from the firm and pleaded guilty to one count of rewarding official misconduct.
"Markstone’s agreement with the Attorney General enables us to move forward with our core business, which is investing in Israeli companies," says Dan Gillerman, chairman of Markstone Capital.
Markstone Capital has agreed to make a USD18m payment to the New York State Common Retirement Fund over the
Wilson Sonsini Goodrich & Rosati, a provider of legal services to growth enterprises and the financial institutions that invest in them, has named Christopher W. Kirkham as a partner at the firm.
Kirkham (pictured) will be based in the firm’s San Francisco office.
Kirkham specialises in the representation of private equity sponsors, commercial borrowers, and financial institutions in secured and unsecured senior and mezzanine debt financing transactions and related workouts and restructurings.
In addition, he has experience advising on cross-border financings and leveraged acquisition transactions, as well as structuring distressed acquisition financings and negotiating credit facilities for investment funds.
Prior
Saigon Asset Management, the investment manager of two Frankfurt listed investment funds, has entered into partnerships with NBB Investment and Construction and Materials Trading Company.
The agreements will include SAM’s support to NBB and CNT in investments, advisory, project finance, and co-development of real estate projects.
In addition, Vietnam Property Holding, a real estate-focused fund currently managed by SAM, has confirmed its intention to become a strategic investor to both NBB and CNT.
“We like NBB because it is a leading property developer and infrastructure contractor with strong land banking capabilities, over 50 hectares of land in Ho Chi Minh
US venture capital investment in cleantech companies in Q4 2009 decreased 45 per cent to USD564.5m compared to the prior quarter, while the number of deals increased 21 per cent to 62, according to an Ernst & Young analysis based on data from Dow Jones VentureSource.
Investment in 2009 reached USD2.6bn in 193 financings rounds, a decline of 50 per cent in terms of dollars and 16 per cent in terms of deals compared to the record investment levels of 2008.
"These results reflect the easing of an investment cycle largely driven by the significant capital demands of solar companies
The Aureos Africa Fund has raised a total of USD381.1m at the final close of its fundraising.
The fund, managed by Aureos Capital, is believed to be the largest ever to focus on investing in small to mid-sized businesses across Africa.
Aureos Capital, which specialises in investing in mid-sized businesses across the emerging markets, says the Africa Fund has been well received by a broad range of institutional investors attracting institutions from the US and Europe as well as Africa.
Sev Vettivetpillai, chief executive of Aureos Advisers, says: “Considering the weak fundraising environment for private equity over the
ATG Media, a provider of information and services to the auction industry backed by Matrix Private Equity Partners, has increased its headcount to 58 full time members of staff in the last three months.
Eight new roles, six internal promotions and a growing business have created 14 job vacancies.
The business has experienced significant growth since Matrix Private Equity Partners backed the management buyout of ATG Media from Daily Mail and General Trust 18 months ago.
The hires include a new board member, Richard Lewis, who joins ATG Media as business development director. Having spent ten years at DMG world
Alternative investment fund specialist PILinvests is teaming up with Quantum LifeCare to launch The Park Gate Care Home fund.
The fund will initially acquire land with detailed planning consent, then design, construct, operate and ultimately sell a purpose-built care home in Southampton offering specialist dementia care.
The number of over 65s is set to increase by 60 per cent over the next 25 years and it is expected there will be an under-supply of local care homes.
The fund has a tax transparent structure offering 100 per cent inheritance tax sheltering benefits, income distributions payable from year two and will
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
