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Butterfield Fulcrum, an alternative fund administration company, has expanded its US business development team with the addition of Christine Egan.
Egan joins Bill Neville, Jim Gabriele, John Peterson and Bill Henderson under the leadership of T. Andrew Smith, global business development head.
Since joining in April 2009, Smith has quickly built a global sales team of seasoned professionals to meet the growing demand for transparency, independence and flexibility in the hedge fund sector. Under his leadership, Butterfield Fulcrum has opened a Chicago office, upgraded its US headquarters in New York City to accommodate further growth and attracted significant talent to
The percentage of transaction professionals who believe solvency opinions will have a direct impact on the terms or completion of a transaction over the next year has doubled since before the onset of the credit crisis, according to a study released by mergermarket in association with Houlihan Lokey.
This shift in sentiment underscores a rising importance of these types of opinions for transaction professionals and boards of directors worldwide.
The study, conducted during the third quarter of 2009, compiles interviews of senior corporate executives, private equity practitioners and lawyers from the US and Europe regarding their recent and historical experience
Impax Asset Management, an Aim listed investment manager focused on the environmental sector, has appointed John McDonald as head of sales and marketing.
McDonald was previously head of alternative sales and marketing at New Star Asset Management, which he joined in 2004.
He has 25 years of experience in financial markets, 17 years of which were spent in investment research analysis and sales, followed by eight years in the sales and marketing of alternative investments.
Ian Simm, chief executive officer of Impax Asset Management, says: "Impax has ambitious growth plans and we are delighted that John, with his impeccable
TPH Partners, a middle market energy private equity fund, has closed an equity investment in a growth round of funding for Ingrain, an oilfield technology firm that specialises in digital rock physics analysis.
Ingrain uses proprietary technologies to analyse reservoir rock samples from cores or drill cuttings and deliver critical data to its oil and gas producer client base.
“We are very excited about the potential provided to the exploration and production industry by the evolving science of digital rock physics, and Ingrain is the clear leader in this field,” says Joe B. Foster, chairman of TPH Partners. “Ingrain’s techniques
Denver Alternatives has launched a separately managed account structure that provides alternative investors with enhanced multi-strategy and multi-manager capabilities.
The United Alpha Account offers investors greater control over their assets including increased transparency, incentive fees based on the performance of the overall account, and no artificial liquidity constraints.
Investors have access to any combination of ten different alternative strategies managed in-house by seasoned professionals with strong long-term performance records. Denver Alternatives’ portfolio managers can provide the allocation among these strategies or implement an allocation decision as directed by the client or its consultant. Realignment of individual strategy weights can be
Navitas Capital, a venture capital firm investing in green technology solutions for the built environment, has participated in a USD60m series C investment in Serious Materials.
According to an Ernst & Young analysis based on data from Dow Jones VentureSource, this transaction represents one of the largest US venture capital deals year-to-date in 2009 and is the largest cleantech deal in the energy efficiency category.
Serious Materials develops and manufactures sustainable green building materials that considerably reduce the energy consumption and the environmental impact of the built environment.
The new funding was led by Mesirow Financial Capital and included New
Lion Capital and The Blackstone Group International have received from Suntory Holdings a binding offer regarding the future ownership of the Orangina Schweppes Group.
Orangina Schweppes Group will now undertake the appropriate communication and consultation with relevant employee representatives.
The Blackstone Group and Lion Capital will only be able to take a decision as to whether they accept this offer once the necessary social, legal and regulatory steps will have been completed.
Lion Capital and Blackstone have been majority investment partners in Orangina Schweppes since 2006. Under their ownership and led by a largely new management team recruited by Blackstone
Aurora Capital, a Los Angeles-based private equity firm, has signed a definitive agreement with HLTH to acquire its wholly owned subsidiary, Porex.
The transaction is subject to the satisfaction of customary closing conditions and is expected to close in the fourth quarter of this year.
Founded in 1961, Porex is a global developer, manufacturer and distributor of porous plastic products. The company primarily serves the healthcare and surgical end markets, and also supports high-performance applications in the consumer and industrial sectors.
Porex products serve filtration, venting, wicking, and diffusing functions in applications such as blood filters, catheter vents, fuel filters,
Mistral Equity Partners, a private equity firm focused on the consumer and media sectors, has made an investment in WorldLynx Wireless, a company formed to acquire 10 Bell Mobility independent wireless dealers across Canada.
Worldlynx Wireless will have a national geographic footprint in both retail and small/medium business market coverage, including 53 retail locations and a substantial SMB-focused sales force.
“This is a tremendous investment opportunity for Mistral as the Canadian wireless industry is poised for significant growth in the coming years, with Bell Mobility particularly well positioned to benefit,” says William Phoenix, managing director of Mistral Equity Partners. “Worldlynx
Jonathan Aberman, managing director of Amplifier Venture Partners, has published a white paper discussing the problems and challenges to the private venture capital model and offering policy recommendations to the Federal Government to address these challenges.
In the White Paper, "The Decline of the United States Venture Capital Industry: What the Federal Government Should Do About It", Aberman argues that addressing the shrinkage of the private venture capital industry and the loss of countless experienced company builders is a matter of urgent national economic policy.
The venture capital industry is becoming configured to make larger investments in less innovative companies,
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