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Nordbridge, an executive search firm for the private equity sector, has launched NordbridgePlus to provide clients, candidates and those in the sector with one-on-one coaching and advice.
The new service will include advisory sessions designed for individual career needs, diversity and inclusivity strategies, market benchmarking, in-depth career guidance, professional and leadership development, business transformation, organisational advisory support, assessment and development guidance, professional referencing, fund strategy and industry and networking events.
NordbridgePlus will be run jointly by Nordbridge CEO Sita Kolossa and Managing Director Jessica Beynon.
An investor group led by private investment firm Littlejohn & Co (Littlejohn) has acquired Lipari Foods (Lipari), a specialty food distributor. The Lipari family, management, HIG Capital, and Sterling Investment Partners all remain minority investors in the Company.
Terms of the transaction have not been disclosed.
Lipari specialises in “perimeter-of-the-store” specialty foods, primarily serving over 7,500 independent and specialty grocers, with a growing base of over 2,000 national supermarket, convenience store and other customers across the United States. Lipari offers over 25,000 products, spanning deli, bakery, foodservice, specialty grocery, dairy, frozen seafood and meats, international foods, confections, and packaging items
Lower mid-market private equity firm NorthEdge has made several changes to its leadership team with Michael Joseph stepping down as Executive, and Grant Berry taking on the role.
Joseph will continue to be a part of the NorthEdge family on a part-time basis, moving into the role of Senior Advisor and continuing to provide the guidance, expertise and support that has enabled NorthEdge to grow over the last ten years.
In his new role, Berry will use his extensive experience to chair the Investment Committee and will remain involved in new investment activity and investor relations.
Shares in UserTesting Inc jumped by more than 92% to $7.42 after Thoma Bravo and Sunstone Partners revealed plans to take the customer feedback platform private in an all-cash $7.50 per share deal worth about $1.3 billion, according to a report by Reuters.
The US Department of Justice (DoJ) has launched an investigation into whether the way a group of private equity majors, including Blackstone Inc, Apollo Global Management Inc and KKR & Co, influence the boards of US corporates violates antitrust laws, according to a report by Bloomberg.
The report cites unnamed sources as revealing that the weather PE firms’ practice of placing executives on boards of companies in the same sector harms competition, is the focus of the DoJ investigation.
The concern among investigators is that board directors with seats on rivals in the same sector could influence those companies to
Stonepeak, an alternative investment firm specialising in infrastructure and real assets, has invested an additional $570.0 million in CoreSite, a hybrid IT solutions provider and subsidiary of American Tower Corporation.
Based on CoreSite’s currently outstanding equity, the investment, coupled with Stonepeak’s initial $2.5 billion investment in August 2022, represents an approximately 36% ownership interest in American Tower’s US data centre business.
The conversion is expected to occur four years from the date of the initial closing in August 2022. The upsize transaction, which was completed on 20 October, 2022, comprises both common equity and mandatorily convertible preferred equity, on the
MoneyFellows, an Egyptian fintech platforms, has first close of its Series B round with a $31 million investment led by CommerzVentures, Middle East Venture Partners (MEVP), and Arzan Venture Capital.
Invenfin, National Investment Company (NIC) as well as existing investors such as Partech, Sawari Ventures, 4DX and P1Ventures also participated in the round.
MoneyFellows is a mobile-based platform that digitises money circles or Rotating Savings and Credit Associations (ROSCAs) that are widely known as “Gameya” in Egypt and other Arab countries.
The round will allow MoneyFellows to accelerate its exponential growth by diversifying its portfolio of services and expanding their
Fortress Investment Group (Fortress) has been ranked as the second fastest-growing brand among 50 alternative investment managers included in the second edition of the Alts 50 report, published by Peregrine Communications.
The report provides a qualitative and quantitative assessment of the integrated marketing and communications activities of the world’s 50 largest alternative investment managers (measured by assets under management).
Fortress received the study’s second-highest score for Brand Momentum, which assesses how well firms have grown Brand Awareness over time. According to the report, “Of all the metrics used in [the] study, Brand Momentum is most closely aligned with ‘moving the
Broadridge Financial Solutions has launched a new end-to-end managed service solution to allow European asset managers to meeting their compliance obligations for the upcoming Sustainable Finance Disclosure Regulation (SFDR).
From 1 January, 2023, SFDR requires asset managers to consider and disclose in a consistent manner how ESG factors are adopted in their decision-making processes. For Articles 8 and 9 funds, this includes a Pre-contractual Disclosure (PCD), Periodic Disclosure (PD) and Website Disclosure (WD).
Additionally, starting 30 June, 2023, asset managers will also be required to produce a Principal Adverse Impact (PAI) statement to determine the impact of their investment
Nuveen, the investment manager of TIAA, is to acquire a controlling interest in Arcmont Asset Management, a European private debt investment manager with $21 billion in committed capital, in a deal reportedly worth over $1 billion.
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