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Kohlberg Kravis Roberts has appointed Arun Sarin as a senior adviser.
Sarin (pictured) is the former chief executive officer of mobile telecommunications company Vodafone and had previously been a senior adviser to KKR.
Henry R. Kravis and George R. Roberts, co-founders of KKR, said: “We are delighted to welcome Arun Sarin back to the firm as a senior adviser. From our past close partnerships with Arun – starting when he became chief executive of Accel-KKR Telecom almost a decade ago and then as a senior adviser to KKR – we know first-hand of Arun’s deep knowledge, global relationships, and diversified
Global professional services firm Alvarez & Marsal has added nine senior professionals to its private equity performance improvement practice.
The announcement follows the recent hiring of eight professionals focused on private equity services in its transaction advisory and tax practices.
“Private equity firms continue to focus aggressively on enhancing the operational performance of their portfolio companies and we are seeing mounting demand for A&M’s hands-on operating experience and know-how,” says Nick Alvarez (pictured), national practice leader of A&M’s private equity performance improvement services. “We are delighted to welcome these world-class professionals to our growing and dynamic team. Each brings a
Transaction volume in the global asset management industry in the third quarter of 2009 was dominated by larger financial institutions shedding investment management businesses, and that trend will continue in the months ahead, according to Jefferies’ financial institutions group.
Over two-thirds of Q3 2009 global asset management M&A activity – 68 per cent – represented divestitures, a record level in a three-month period, according to Jefferies.
Prominent examples include Bank of America’s announced sale of the long-term asset management business of its Columbia Management subsidiary to Ameriprise; Bank of New York Mellon’s announced acquisition of Insight Investment Management from Lloyds
Infiniti Solutions, the Christchurch arm of the Infiniti Capital group, has been selected to provide fund administration services to a new private equity fund recently launched by Milestone Capital.
The Rutherford Innovation Fund was launched last week to raise capital to back innovative New Zealand companies which need financial assistance and business skills to commercialise their ideas on the international stage.
"The Rutherford Innovation Fund required an equally innovative solution for its legal structure and particular operational needs," says Infiniti Capital chief operations officer Adrian Whiteman. "Infiniti Solutions provided a team of expert advisors and professionals to assist Milestone Capital
Private equity firms invested USD763m in Indian companies across 47 deals during the quarter ended September 2009, according to a study by Venture Intelligence.
The amount invested was significantly lower than that during the same period last year, which witnessed USD2,581m invested across 132 deals, and lower compared to the immediate previous quarter (USD964m across 47 deals).
The latest numbers take the total PE investments in the first nine months of 2009 to USD2,360m across 140 deals, as against the USD9,479m across 365 deals during the corresponding period in 2008.
The largest investment during Q3 2009 was the USD255m investment
The Managed Funds Association has reaffirmed its support for proposals that would enhance the transparency and regulatory oversight over private pools of capital, including hedge funds and managed futures funds.
The testimony before the House Financial Services Committee hearing, "Capital Markets Regulatory Reform: Strengthening Investor Protection, Enhancing Oversight of Private Pools of Capital, and Creating a National Insurance Office”, comes as Congress begins to consider comprehensive reforms to the US financial regulatory system.
MFA outlined its positions on key issues impacting the alternative investment industry, including mandatory registration of unregistered investment advisers with the Securities and Exchange Commission or the
Resilience Capital Partners, a Cleveland-based private equity firm, has formed platform company North Coast Minerals to invest in the debt, mezzanine and equity of industrial minerals, mining, natural resources and related businesses.
The strategy of North Coast Minerals will be led by chairman Michael Lundin, currently operating partner at Resilience Capital Partners and former chief executive of Oglebay Norton.
"Although in a cyclical downturn, we believe operations properly capitalized and strategically located can be valued assets. As we look to build this company we will look for companies that can grow and be expanded as the global economy recovers," says
The supervisory council of Rusnano has approved the corporation’s participation in a Russian venture fund, which will be established in partnership with VTB Group and Draper Fisher Jurvetson.
The overall size of the fund, called DFJ-VTB Aurora, will be USD100m at the first stage. Rusnano will commit USD50m to the fund and VTB USD50m.
The fund will focus on promising nanotechnology innovation both in Russia and abroad, as well as on attracting foreign partnerships and investment to support the construction of Russian nanotechnology production facilities.
VTB Capital, the investment business of VTB Group, and DFJ will act as
Private equity firm Riverside has acquired Donlin Recano, a bankruptcy management firm based in Chicago, on behalf of stakeholder management and financial communications consultancy Sage Holdings.
It is Riverside’s 11th acquisition since the beginning of 2009 and was made through the Riverside Europe Fund III.
Donlin Recano’s services include pre-Chapter 11 filing preparation, Chapter 11 noticing solutions, claims management, balloting and distribution services. DRC also provides information support services to committees of unsecured creditors appointed in Chapter 11 cases.
Donlin Recano joins an international stable of financial communications and stakeholder management firms that make up Sage Holdings, which was formed
DN Capital, a media and technology growth capital and early stage investor, has appointed Tom Bradley as a principal.
Bradley has been active in the UK venture capital market for nine years and most recently was a partner with DFJ Esprit in London where he was a member of the founding team.
Bradley has been involved in investing in a variety of technology and communications businesses including LoveFilm.com, a provider of online DVD rentals and movie downloads. He also sourced and executed the buyout of NetEconomy, a provider of software for financial institutions subsequently sold to Fiserv.
At DN Capital,
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