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This year the private equity industry in Guernsey has been preoccupied to a lesser or greater degree by prospect of the European Union’s proposed Directive on Alternative Investment Fund Mana
Kohlberg has appointed Andrew P. Bonanno as managing director of business development.
Bonanno, who will be based in the firm’s Mt. Kisco office, had most recently served as vice president of business development for American Capital’s New York-based buyouts team.
In his new role, Bonanno will primarily be responsible for building relationships with the firm’s external deal sources, as well as developing and leading Kohlberg’s proprietary investment sourcing programs.
Bonanno brings more than 14 years of principal investment experience. In his previous capacity at American Capital, Bonanno spearheaded the New York buyouts team’s go-to-market strategy and relationship management efforts. Prior
Green Courte Partners, a Chicago-based private equity real estate investment firm, has completed its offer to purchase any and all shares of 7.75 per cent series A cumulative redeemable preferred stock of American Land Lease not owned by it.
Green Courte has accepted all of the shares tendered and not withdrawn at a price of USD10.00 per share in cash without interest and less any amounts required to be deducted and withheld under any applicable law.
The tender offer expired at 5pm New York City time on 23 October 2009.
The depositary for the tender offer has advised Green Courte
Petra Capital Partners, a private equity firm based in Nashville, Tennessee, has made a USD6m investment in Superior Global Solutions.
The capital is a combination of subordinated debt and preferred stock.
SGS marks Petra’s fourth investment in 2009 and sixth investment from its newest fund, Petra Growth Fund II.
Based in Dallas, Texas, SGS is a provider of medical documentation, coding and technology enabled services to many of the largest hospitals and health systems in the country.
SGS used a portion of the proceeds to buyout a minority shareholder and to make a strategic technology acquisition.
Petra managing partner Mike
Confidence among active investors is at its highest in three and a half years, research from the Association of Investment Companies suggests.
Confidence is also returning amongst the traditionally more cautious general public, who are at their most positive on the stock market since AIC records began in 2004.
The general public’s confidence in the UK housing market has also improved dramatically over the last year, although still has some way to go before it reaches the highs of a few years ago.
Some 52 per cent of active investors plan to increase their stock market exposure over the next
Ways of triggering multi billion dollar, low carbon technology investments in developing economies have been outlined in a report issued by the UN Environment Programme, a global partnership of investors and insurance companies.
Experts indicate that investments of around USD500bn a year will be needed to assist developing countries adapt to climate change while powering low carbon growth.
Much of the money will come from the private sector but will only flow if creative public policies that reflect the differing circumstances of developing economies are swiftly adopted, says the report prepared by Vivid Economics.
The report makes several broad recommendations
Organic Motion, a developer of computer vision and motion capture systems, has secured a series B financing led by Foundry Group.
The company’s technology increases a computer’s ability to “see” and understand human motion to generate 3D tracking data in real-time, without using bodysuits or attached tracking devices.
Organic Motion provides the only technology that understands a person’s exact motion, dimensions and image, and instantly creates a digital clone of the individual.
“We are fortunate to have the Foundry Group as partners who share our vision for next generation human-computer interfaces,” says Andrew Tschesnok, chief executive of Organic Motion. “This
Following the signing of tax information exchange agreements with Finland, Greenland and Faroe Islands, Gibraltar has now signed 13 such agreements and has accordingly been transferred by the OECD onto its white list.
The white list is a list of countries that have signed 12 or more agreements, which is a new criteria decided by G20 and OECD in April this year.
Gibraltar has waited for the establishment of a level playing field before actively seeking out partner countries with which to sign agreements. This was achieved in March when Switzerland, Luxembourg and Austria, who as full member of the
The Robert Toigo Foundation and The Carlyle Group have launched the Toigo Private Equity MBA Fellowship, an industry initiative aimed at attracting minority MBA graduates to the sector.
Serving as the fellowship’s inaugural partner, The Carlyle Group has pledged USD1m over four years to support Toigo’s launch of the effort.
Toigo is a non-profit organisation that has supported the development of minority MBAs as finance leaders for the past 20 years.
“Toigo’s mission is to change the face of finance—and we believe the Toigo Private Equity MBA Fellowship will serve as a catalyst within the private equity sector by attracting
Business aviation company Xojet is to receive financing totalling USD470m led by TPG, a Fort Worth based private equity firm, and Aabar, an Abu Dhabi based investment firm.
The amount consists of USD100m in equity and a more flexible debt facility of USD370m that allows for the purchase of either new or used aircraft on a global basis.
Xojet will use the additional capital to expand its operations.
"This latest round of financing is evidence of the growing confidence in Xojet’s operating model," says David Siegel, chief executive of Xojet. "We uniquely offer what customers now demand and other operators
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