Latest News
MMC Ventures has made a GBP1.2m equity investment in e-trader group.
e-trader specialises in the clearance and overstock sector by offering retailers and manufacturers access to both the trade and consumer markets via one single online platform.
MMC’s investment enabled e-trader to complete its acquisition of koodos.com which adds a designer brand fashion clearance channel to the group’s current business, stockshifters.com.
Ben Richardson, investment director for MMC, says: "MMC saw the opportunity to back a proven entrepreneur and help him develop a business with a new proposition in a large and fragmented market. The management team has impressed us with
The sale of Transmark Fcx to McJunkin Red Man Corporation, a Goldman Sachs Capital Partners portfolio company, has been completed, creating a global platform for the distribution of pipe, valves and fitting products.
This cross-border transaction is one of only a few significant distribution transactions to be completed since the credit crisis began in September 2008.
Baird, an employee-owned, international investment banking, private equity, wealth and asset management firm, served as the exclusive financial adviser to Transmark Fcx in this transaction. Terms of the transaction were not disclosed.
Baird’s international deal team was led by David Silver, head of
WW Advisors, a UK-based real estate boutique providing investment and financing advisory services throughout Europe, has appointed Jonathan Edmunds as director to originate, analyse and execute deals.
Edmunds brings nine years of experience in real estate and a wealth of experience in the fields of consultancy, debt markets, corporate finance and direct investments.
Prior to WW Advisors, Edmunds worked in the corporate finance division of Lazard, advising listed real estate companies, private equity funds and hedge funds on mergers, acquisitions and asset disposals. He was previously at Deutsche Bank, working in the European commercial real estate group, underwriting real
Och-Ziff Capital Management made a GAAP net loss of USD80m, or USD1.02 per basic and USD1.06 per diluted class A share, for the third quarter ended 30 September 2009.
This compares to a GAAP Net Loss of USD69.4m, or USD0.94 per basic and USD1.07 per diluted class A share, for the 2008 third quarter. The primary drivers of the year-over-year increase were a decline in management fees due to lower assets under management and higher compensation expenses.
The GAAP net loss in the 2009 third quarter primarily resulted from non-cash expenses of USD417.5m, associated with the Company’s reorganisation in connection
The International Organization of Securities Commissions’ Technical Committee has published a consultation report on private equity conflicts of interest.
The report proposes a number of principles for the effective mitigation of the potential conflicts of interest encountered in private equity firms, and the risks these conflicts pose to fund investors or the efficient functioning of the market.
The report examines the material conflict of interest risks encountered at each stage of the life cycle of a typical private equity fund, managed by a multi-fund, multi-strategy firm, and sets out the potential and common methods for mitigating these potential conflicts
An affiliate of Lightyear Fund II has signed a definitive agreement to acquire the ING Advisor Network and three of ING Advisor Network’s five broker-dealers.
The broker-dealers include Financial Network Investment, Multi-Financial Securities and PrimeVest Financial Services.
Valerie Brown, chief executive officer of ING Advisor Network, will remain in her position and continue to lead the business post acquisition.
“This is a great investment for Lightyear,” says Donald B. Marron (pictured), chairman and chief executive officer of Lightyear Capital. “We have decades of experience and leadership in the broker-dealer industry and recognize the current and future potential of this network
Barclays Capital’s natural resource investments team has partnered with Richard Hall and Rory Edwards to create an oil and gas development company, Nio Petroleum, which will focus on undeveloped discoveries, marginal fields and late-life assets in South East Asia.
Hall and Edwards’ 25 years of experience includes the formulation and execution of a number of value enhancing schemes in the North Sea and offshore South East Asia, which have enabled the monetisation of small fields or extended the life of mature fields.
Nio Petroleum is seeking to acquire undeveloped discoveries or mature late life assets to add value through the
Winston & Strawn has expanded its private equity practice and middle-market capabilities with the addition of Dominick P. DeChiara, Bradley C. Vaiana, Bryan C. Goldstein and Jennifer C. Kurtis, who have joined the firm’s New York office as partners.
The attorneys came to Winston from Nixon Peabody, where DeChiara chaired the private equity practice. They are joined by four associates.
DeChiara will co-chair the firm’s private equity practice.
The team represents private equity clients and their portfolio companies in a range of middle market corporate transactions as well as the ongoing management of fund portfolio companies.
The team also represents
Meritage Midstream Services has been formed with equity commitments from EnCap Energy Infrastructure Fund and TPH Partners.
Meritage Midstream provides oil and gas producers with a full complement of midstream services.
Capabilities include the gathering, treating and handling of natural gas, crude oil, condensates and water, and carbon dioxide sequestration.
“Meritage Midstream is led by a seasoned team of midstream executives with proven track records of success and value creation,” says president Steve Huckaby. “Our partnership with EnCap and TPH creates a formidable company with the ability to respond quickly to rapidly developing resource plays.”
EEIF is a private equity
BNY Mellon has appointed Brian Ruane to the new position of chief executive officer of alternative investment services.
BNY Mellon Alternative Investment Services is a hedge fund administrator with more than USD200bn in assets under administration.
Ruane (pictured) will report to Art Certosimo, senior executive vice president and head of broker-dealer/alternative investment services at BNY Mellon. He will continue to be based in New York City.
Ruane, who joined BNY Mellon in 1993, was most recently executive vice president and head of global client management North America. For the five years prior, he was head of financial institutions, overseeing the
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
