Latest News
Private equity firm The Carlyle Group has signed a memorandum of understanding with the Beijing Municipal Bureau of Financial Work on the formation of an RMB-denominated fund in Beijing.
The Carlyle Asia Partners RMB Fund will be registered in Beijing and the Beijing Municipal Government will provide full support to the fund.
Once established, the fund will invest alongside Carlyle Asia Partners and pursue independent investments in larger growth companies.
The fund will be entitled to preferential treatment from the Beijing Municipal Government, in accordance with its development policies for the city’s finance and equity investment industry.
Daniel A. D’Aniello,
JHP Group, one of the UK’s largest private sector providers of vocational education, skills training and employability programmes, has been bought by its management team in a transaction backed by private equity firm LDC and Yorkshire Bank.
Founded by Hugh Pitman in 1983, Coventry-based JHP operates a national network of 57 centres as well as delivering training in employees’ workplaces nationwide.
The business services more than 3,000 clients, from small and medium sized companies to major organisations such as the Ministry of Defence, RBS Insurance, Royal & Sun Alliance and Barclays. .
Led by chief executive officer Jim Chambers, its
The Malta Financial Services Authority has published guidelines regarding the redomiciliation of offshore funds to Malta under the Companies Act, Continuation of Companies Regulations, 2002.
The guidelines specify the documentation required from fund promoters and outline the way the process is handled by the authorisation unit and the registry of companies at the MFSA.
They are available for downloading from the MFSA’s website (www.mfsa.com.mt) under the heading Securities/Guide to Regulation.
Companies including insurance and securities firms have been using Malta’s redomiciliation legislation since it came into force in 2002 largely because the process allows companies to retain the
Maranon Capital has led a USD19.5m mezzanine debt investment to support the recapitalization of PathGroup and its subsidiaries in a transaction initiated by Primus Capital Funds.
Maranon has also provided USD10m of revolving credit and term debt as a participant in a senior credit facility.
PathGroup and its subsidiaries provide a diagnostic laboratory services including anatomic, esoteric and clinical testing as well as administrative services.
“Maranon was an excellent financing partner,” says Phil Molner (pictured), a managing director at private equity firm Primus. “They delivered a commitment for all the mezzanine required to complete the transaction and were flexible
The office of the National Development and Reform Commission of China approved applications for the record from 13 venture investment management enterprises in December 2009, including Qianxin Culture & Investment Management.
This is the third batch of enterprises receiving approval for the record from the NDRC following CDH Investments (Tianjin) and Hony Capital (Tianjin) getting approval in June 2008 and seven venture investment management enterprises, including CCB Healthcare Investment Management (Tianjin), getting approval in April 2009.
There were a total of 22 enterprises getting approval for the record, including 16 equity investment fund management enterprises the NDRC implemented and tried
First Republic Bank, a provider of private banking and wealth management services, has added Julie Schneider, a senior banker with experience working with private equity and venture capital clients, to its Palo Alto office.
Schneider, who has more than 22 years of banking experience in the San Francisco Bay Area, has been named senior commercial lender in First Republic’s business banking group.
She will work with a team of bankers dedicated to venture capital, private equity, real estate funds and investment management clients at the bank’s offices in Palo Alto, San Francisco, Los Angeles, Boston, and New York.
“Julie Schneider
Private equity firms invested USD1,392m over 84 deals in India during Q4 2009, taking the annual investment numbers to USD3,824m over 232 deals, according to a study by Venture Intelligence.
The amount invested during 2009 was significantly less than that during the previous year during which PE firms invested USD10,468m across 443 deals.
The amount invested during Q4’09 however was higher than that during the same period in 2008 (which witnessed USD1,215m invested across 72 deals) as well as the immediate previous quarter (USD807m across 53 deals).
“The volatility in the public markets and continued uncertainty around the ability to
Appleby, an offshore legal, fiduciary and administration service provider, is opening its latest office in Guernsey.
The new office will be operational in the spring of 2010 and will practise Guernsey law with a focus on corporate, commercial, private client, litigation, insolvency and restructuring.
Following approval by the Guernsey Financial Services Commission, it will also offer a complete range of fiduciary services.
Appleby Guernsey will initially comprise two group partners, Barney Lee and Helen Crossley, in the corporate team and two partners, Jeremy Le Tissier and Gavin Ferguson, in the litigation/insolvency and private client/trust teams.
In addition, David Clark, a
Augentius Fund Administration, a provider of fund administration services to the private equity and property fund sectors, has received final regulatory approval for the opening of its office in Luxembourg.
“We have had increasing demand from both existing and potential clients to open an office in Luxembourg” says Ian Kelly (pictured), partner and chief operating officer (Europe) and a director of Augentius Fund Administration (Luxembourg).
“The creation of the SICAR and SIF products and their refinement into sophisticated fund structures are proving increasingly attractive to the private equity and property communities. As a consequence it is important that we are
Future Capital Partners, an alternative investment boutique, has launched an investment opportunity that will allow UK investors to invest in the rapidly growing renewable transport fuels sector for the first time.
The production of European RTFs is expected to grow tenfold over the next decade, and RTFs are currently the only sector into which Shell and BP are committing significant renewable energy investments.
Future Fuels is an LLP established by FCP to build a renewable transport fuel plant in Grimsby, North East England. The industrial scale plant will produce two principal products – ethanol and a high protein animal feed,
Special Reports
Featured
- Insight
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
