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MidOcean Partners, a private equity firm with offices in New York and London, in combination with Allant management, has acquired The Allant Group, a provider of marketing optimisation solutions.
"We have been following the developing trends in the marketing services space for several years and became increasingly impressed with Allant, its market leadership position, and its prospects for continued growth," says Frank Schiff, managing director of MidOcean. "Discussions between our firms began more than three years ago, and we believe that Allant has all the right ingredients to become the top provider in the marketplace."
Frank Sowinski, a former president
Black Opal Equity has been launched as a privately held investment firm that specialises in acquiring and actively managing established middle-market businesses in the US.
The firm will invest in companies that service or partner with the infrastructure, essential service and government sectors in the US.
It looks to acquire well-established companies with strong potential for organic growth, typically with annual Ebitda of between USD2.5m and USD20m.
Black Opal Equity is led by Matthew Day, who has spent much of his career at The Macquarie Group, making private equity acquisitions in the infrastructure service and essential service sectors.
Black Opal
Global Investment House has appointed Rajiv Nakani as senior vice president to head the company’s alternative asset management business.
Nakani (pictured) has more than 16 years’ experience in investing and investment banking and brings in-depth sector experience in financial services, telecom, media, retail, logistics, healthcare, education and real estate.
Nakani was Global’s head of investment banking from August 2004 to June 2007.
Bader Al-Sumait, chief executive officer of Global, says: “It is a pleasure to welcome Mr. Nakani back. In addition to his previous experience with Global where he led several merchant banking transactions and private equity investments on behalf
The Caisse de dépôt et placement du Québec and AXA Private Equity have entered into a partnership to better support Québec- and European-based businesses with international development prospects.
Through this joint effort, the partners will share their respective market knowledge and networks in North America, Europe, Asia and the Middle-East with companies.
Normand Provost, executive vice-president private equity and chief operations officer of the Caisse, says: “The partnership is part of our strategy to provide additional support to the best performing and most promising mid-sized Québec businesses in their international expansion. The Caisse’s role is not simply to offer
Peter Mills, Managing Director of Kleinwort Benson (Channel Islands) Fund Services Limited, examines Sweden’s redraft of the EU’s proposed AIFM Directive.
There is a common agreement amongst the financial services industry that the proposed Directive on Alternative Investment Fund Managers was drafted in a hurry and is capable of vast improvement.
As Head of the Working Committee Group, Sweden has recommended radical changes to the proposed draft to regulate EU fund managers and the regulation of the investment funds which they manage. Some of the proposals – authorising alternative investment fund managers for example – are sensible and improve investor protection.
International Biotechnology Trust, the investment trust managed by SV Life Sciences, outperformed the broader equity markets over the 12 months to 31 August 2009.
IBT is the only biotech focused investment trust to carry both quoted and unquoted stocks in its portfolio. Over the 12 months ended 31 August 2009 the value of the quoted section of the portfolio fell 3.5 per cent, with a rise of 23.2 per cent recorded since 1 March 2009. The same 12 month period saw the value of the unquoted stocks fall 12.1 per cent.
David Pinniger, investment manager at SVLS, says: “Over the
Despite a difficult past 12 months for the private equity industry in Guernsey, characterised as elsewhere by depressed transaction volumes and limited capital-raising for new funds, there are sign
The past 12 months have seen a sharp fall in new private equity business coming to Guernsey and little transaction activity in either acquisitions or exits for existing funds.
In a new world where offshore financial centres are being called upon to adopt a wide range of regulatory and transparency standards in order to continue to access investment and other financial se
M/C Venture Partners, a venture capital firm focused exclusively on the communications, media, and information technology sectors, has appointed Lydia Jett and Matthew Saretsky as senior associate and associate to its investment team.
They will assist with investment sourcing and due diligence, and provide support to portfolio companies.
“We are pleased to welcome Lydia and Matt to the M/C Venture Partners team,” says Jim Wade, managing general partner at M/C. “Their combination of valuable experience and industry background will contribute to our ability to evaluate, identify and support promising new opportunities in the media and communications industry segments.”
Jett’s (pictured)
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