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GMT Communications Partners, a European independent private equity group focused exclusively on the communications sector, has made two senior promotions.
Natalie Tydeman (pictured) has been promoted to partner and Vikram Krishna has been promoted to principal.
Tydeman joined GMT in 2007 as a senior adviser and has over ten years’ experience in digital and traditional media. She was previously at Fremantle Media where she was senior vice president, business diversification.
Krishna joined GMT in 2005 as a portfolio reporting analyst. He was promoted to associate in 2006 and to senior associate in 2009. Krishna was formerly a manager at PricewaterhouseCoopers,
Alinda Capital Partners has completed the raising of its second infrastructure fund, bringing its total capital commitments to USD7bn.
Alinda’s second fund, Alinda Infrastructure Fund II, has capital commitments aggregating USD4bn.
Alinda launched the first infrastructure fund in the US in August 2005 and held its first closing in 2006. Alinda Infrastructure Fund I had a cover amount of USD1bn but raised USD3bn.
Alinda’s second fund had a cover amount of USD3bn and a cap of USD5bn.
Both Alinda funds focus on infrastructure investments in the US and Europe.
The infrastructure assets in which Alinda’s funds have an ownership interest
Sterecycle, a UK waste recycling technology company, has raised GBP10m to kick-start a multi-year investment programme in recycling plants based on its environmentally-friendly autoclave technology.
The funds raised have come from a number of institutional and retail investors as well as the company’s existing investors.
This latest round takes total equity funds raised to GBP34m since its founding in 2003.
Sterecycle’s founder Duncan Grierson says: “This latest round confirms that, despite the challenging economic environment, there is considerable interest in waste treatment technology. Our proven process, now operating at commercial scale for over 18 months, is ripe for rolling out
Law firm DLA Piper has advised management and the shareholders of CPA Global on the sale of a significant stake in the company to mezzanine finance house Intermediate Capital Group.
CPA Global is a Channel Islands-based provider of outsourced legal services.
The acquisition has received the required approvals from CPA Global shareholders as well as the Jersey courts, which sanctioned a new scheme of arrangement. The terms of the transaction are not disclosed.
David Raff (pictured), partner, DLA Piper, says: “This is an excellent transaction for all parties involved. CPA Global is a great company at the forefront of the
Acquisitions of insolvent businesses in the UK have more than doubled over the past year and remain at high levels, according to research into mergers and acquisitions by Experian Corpfin on behalf of insolvency trade body R3.
During the fourth quarter of 2009, 67 out of the 630 deals completed in the UK – one in nine of all deals – involved companies acquired out of administration or other formal insolvency procedures.
During the year as a whole, there were 345 acquisitions of distressed businesses, amounting to one in every eight mergers and acquisitions.
This compares to 2008 when there
The State Street Private Equity Index posted a 5.83 per cent return for the quarter ended 30 September 2009, a slight increase from the second quarter of 2009 return and 1,418 basis points higher than the return recorded during the same period a year ago.
The since inception internal rate of return as of the third quarter of 2009 was 10.03 per cent, an increase of 95 basis points from the prior quarter.
“During the last few quarters we observed a stronger correlation between the public and private markets, which is reflected in the upward trend of the overall private
Alternative investment boutique Future Capital Partners has appointed Glen Stewart as business development manager.
Stewart will be responsible for building working relationships with both clients and intermediaries.
Future Capital’s investment opportunities are available to investors through financial institutions, wealth managers, IFAs and accountants, and Stewart will help to further develop the firm’s network of these intermediaries. He will also play a significant role in business development and client liaison.
Among Stewart’s primary responsibilities will be the marketing of Future Capital’s newly launched Future Fuels, an LLP established to build a renewable transport fuel plant in the North East of
Atlantic-Pacific Capital, a placement agent for alternative investment funds and direct private placements, has appointed Christian H. Voss, former head of private capital markets for Cantor Fitzgerald, as partner in the direct private placements group.
Voss will focus on sourcing, structuring and execution. He will work closely with founder and chairman James Manley.
“I look forward to working with Christian as we expand our capabilities in placing direct transactions by leveraging our robust network of global relationships,” says Manley. “The direct private placements group will complement APC’s well-established funds business, which has over ten partners who have worked together for
Offshore law firm Ogier is to offer Guernsey and Jersey legal and fiduciary services in Asia.
In May, Guernsey and Jersey lawyers will be relocating to the firm’s Hong Kong office, where the firm has an established BVI and Cayman legal practice.
This latest move comes in response to increased client demand for Guernsey and Jersey legal and fiduciary services in the Asian time zone.
It will be the first time that Guernsey and Jersey lawyers will operate in this region.
Marcus Leese (pictured), a partner based in the Ogier Guernsey office, will head up the new Guernsey and
Private equity firm Advent International has acquired Xafinity, a UK-based pension services and employee benefits group, from Duke Street.
The value of the transaction was undisclosed.
Xafinity provides pensions administration, payroll and consulting services for around 1,100 public sector entities and companies, covering 2.1 million pensioners. The company employs 1,400 people in 14 locations across the UK and is headquartered in Reading.
Xafinity was acquired by Duke Street in July 2005 and consists of three operating divisions: Xafinity Paymaster, a provider of pensions administration to the public and private sector; Xafinity Claybrook, a provider of pensions administration systems; and Xafinity
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