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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
Venture investor Longbow Capital has launched the Longbow Approved EIS Fund, a tax-efficient investment vehicle offering investors the opportunity to invest in a portfolio of emerging healthcare, life science and wellbeing companies.
The fund will invest in a portfolio of six to eight companies within a 12 month period, in accordance with HMRC rules.
Longbow says the current economic environment is ideal for investing in this asset class and sector. Valuations have fallen due to shortages of venture capital available and there are many attractive growth opportunities at good prices.
The fund closes to new investments on 1 April 2010
Matrix Private Equity Partners, the small buyout specialist, has expanded its team with the appointment of Christopher Price as an investment manager.
The hire comes on the back of two Matrix new deal completions: iglu.com and Country Baskets.
Price (pictured) joins the firm from Foresight Group.
Mark Wignall, chief executive of Matrix Private Equity Partners, says: “Having completed three investments and two exits since the summer, we’re confident that there are good prospects for new investments in 2010. As an experienced deal doer, Chris will hit the ground running and ensure that we are well resourced to capitalise on the
LGV Capital has sold its majority interest in LGC Group to Bridgepoint in a transaction valuing LGC at GBP257m.
Bridgepoint will back LGC’s current management team, led by chief executive David Richardson (pictured).
LGC is a provider of chemical and biological analytical services and reference materials. Headquartered in Teddington, West London, LGC employs 1,500 staff across a network of 28 sites in 17 countries.
LGC provides its services to a mixed public and private sector customer base through four divisions: LGC Forensics, a forensic science provider; LGC Standards, a laboratory support business; Life & Food Sciences, a provider of BSE
Liquidity is improving both in entering private equity investments and coming out of them, according to a report by Neuberger Berman.
Going in liquidity may be characterized by the increased availability of financing for well-capitalized transactions; more equity for transactions; co-investment equity in leveraged buyouts; and the potential for formation of follow-on funds from general partners seeking to embark upon a new vintage year fundraising cycle.
Neuberger Berman says that by no means does improved liquidity for adequately financed companies usher back in the era of the financial sponsor-led megacap buyouts, which may remain dormant during 2010 and not see
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