Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 30 n° 17

Posts Tagged ‘capital’

Enfoca Completes General Partner-Led Secondary Transaction and Raises New Capital

Posted by fidest press agency su sabato, 13 gennaio 2018

Lima_Peru_01Lima. Enfoca, a leading private equity fund manager based in Lima, Peru, today announced the completion of a General Partner-led secondary transaction in which a new investment fund managed by Enfoca purchased exposure to the portfolio companies of three Enfoca-managed funds by providing a liquidity option to the existing Limited Partners (LPs). The new fund also obtained commitments for new capital to develop the portfolio.Canada Pension Plan Investment Board (CPPIB), which made a capital commitment of US$380 million, and Goldman Sachs Asset Management LP’s Vintage Funds (GSAM) led the transaction. The three largest Peruvian pension funds, Integra, Prima and Profuturo, which have invested with Enfoca since 2007, are also committing new capital to the fund after taking advantage of this opportunity to obtain partial liquidity for their existing investments with Enfoca. In aggregate, the transaction represents a total capital commitment of over US$950 million and sets a new benchmark for General Partner-led liquidity alternatives in the LatAm private equity market.
Through a competitive bidding process, the transaction provided Enfoca’s existing LPs with a liquidity option with attractive returns on their original investments. The transaction gives the new LPs the opportunity to invest in a unique high-growth portfolio of Peruvian mid-market companies and also provides Enfoca with access to capital for new investments and continued growth of the portfolio, as well as an extended duration to realize the portfolio’s potential. Enfoca will serve as the General Partner of the new fund and will manage the portfolio post-closing.“We are pleased to deliver liquidity for our existing LPs with attractive returns in a landmark transaction for the LatAm private equity market, while introducing CPPIB, a sophisticated global institutional investor, and GSAM, a successful global private equity investor, to our fund. The significant unrealized value in the portfolio provides our new investors with unique access to sectors in the Peruvian market and the Andean region that have experienced rapid growth,” said Jesús Zamora, Co-Founder and Chief Executive Officer of Enfoca. “This sizable transaction supported by our new investors represents an important milestone for Enfoca and provides our portfolio with greater flexibility and access to capital,” said Jorge Basadre, Co-Founder of Enfoca. “We thank those LPs who are exiting our fund for their support over the years and look forward to working closely with our new and continuing investors as we grow our businesses in the future.” “CPPIB is delighted to partner with Enfoca and GSAM in this direct secondary transaction, which allows us to benefit from their deep market expertise and track record in Peru,” said Michael Woolhouse, Managing Director, Head of Secondaries & Co-Investments, CPPIB. “Through this transaction, CPPIB will gain further access to this growing market and increase its overall investment in Latin America, one of our strategic focus regions.”Steve Lessar, co-head of Goldman Sachs Asset Management’s Vintage Funds, said, “We are pleased to be partnering with Enfoca and CPPIB to invest in a portfolio of market-leading, consumer-oriented companies with meaningful growth prospects driven by a strong Peruvian economy. We have been impressed with Enfoca’s investment strategy and look forward to investing additional capital to support the growth of these portfolio companies.”Park Hill Group LLC served as financial advisor and Davis Polk & Wardwell LLP and Payet, Rey, Cauvi, Pérez Abogados served as legal advisors to Enfoca.

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LightBay Capital Raises $615 Million for Debut Private Equity Fund

Posted by fidest press agency su venerdì, 5 gennaio 2018

Natali a New York (2)New York. LightBay Capital (“LightBay”), a Los Angeles-based private equity firm focused on middle-market opportunities, today announced that it has successfully completed fundraising for its inaugural institutional fund, LightBay Investment Partners LP (the “Fund”), with total committed capital of $615 million. The oversubscribed Fund, which LightBay officially began marketing in April 2017, exceeded its target of $450 million with commitments from a diverse investor group, which includes leading family offices, foundations, fund of funds, insurers, pension plans, and LightBay professionals.
LightBay is led by cofounders Nav Rahemtulla and Adam Stein, who were original members of Ares Management’s private equity group (“Ares”) where they invested together for over 15 years. Prior to forming LightBay, Messrs. Rahemtulla and Stein led Ares’ Healthcare and Consumer & Retail industry groups, respectively. LightBay invests in growing businesses primarily in the consumer, healthcare, and business services sectors. The Fund’s flexible investment strategy incorporates leveraged buy-outs, shared-control opportunities, and special situations, targeting investments between $25 million and $150 million.
“We could not be more pleased with the composition of our investor base and are grateful for their strong level of support and confidence in LightBay,” said Mr. Rahemtulla. “Adam and I are thrilled to continue our partnership with so many institutions who have been with us our entire careers. Together with our new limited partners, we look forward to enjoying continued success.”Mr. Stein added, “The flexibility of our capital base enables us to invest in high-quality companies in all market environments, and our strategy is well suited to take advantage of the disruption occurring across the consumer, healthcare, and business services sectors. We have built a terrific team with experience in business development, investing, and driving operational excellence, and are eager to partner with talented management teams and create meaningful value for our investors.” UBS Private Funds Group acted as advisor and exclusive placement agent for LightBay. Kirkland & Ellis LLP served as legal counsel to LightBay.

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Affiliate of Sun Capital Partners to Sell Aclara

Posted by fidest press agency su mercoledì, 27 dicembre 2017

Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that an affiliate has signed a definitive agreement to sell Aclara Technologies LLC (“Aclara” or “the Company”), a leading global provider of smart infrastructure solutions for utilities, to Hubbell Power Systems, Inc., a wholly-owned subsidiary of Hubbell Incorporated (NYSE: HUBB). The agreement establishes a purchase price of $1.1 billion for the Company. Headquartered in St. Louis, Aclara is a worldwide supplier of smart meters and other field devices, advanced metering infrastructure and software and services to more than 800 water, gas, and electric utilities. Aclara enables utilities to predict and respond to conditions, leverage their distribution networks effectively, and engage with their customers.“We’re extremely proud that we were able to grow and transform Aclara by applying our deep experience in building market-leading businesses from corporate carve-outs,” said Marc Leder, Co-CEO at Sun Capital. “During our investment period, we were able to invest in and improve the business while also quadrupling EBITDA. We are confident Aclara is poised for continuing success under its new owner.”
Sun Capital launched Aclara as an independent business when its affiliate acquired the Company from a corporate parent in 2014. Since then, Aclara has grown and improved its market position through a series of operational enhancements, as well as four add-on acquisitions of complementary businesses that were also carve-outs from corporate parents.“Aclara is a great example of how we apply the Sun Transformation System to build companies and create value,” said Daniel Florian, Managing Director at Sun Capital. “At Aclara, we were able to build a world-class management team led by Allan Connolly, improve procurement, and, most importantly, make significant investments in R&D. Development of new products and capabilities increased Aclara’s addressable market five-fold, and resulted in a robust backlog of contracted sales of approximately $1 billion.”Sun Capital has strong experience in industrial businesses through current and recent affiliated portfolio companies including Robertshaw, a leading design, engineering and manufacturing company that sells critical components and control systems used to regulate all major functions of white good appliances, and ThermaSys Corporation, a manufacturer and supplier of engineered copper, brass and aluminum heat exchanger components and assemblies.

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Zilliqa and FBG Capital Announce Strategic Partnership

Posted by fidest press agency su martedì, 14 novembre 2017

singapore-marinaSingapore. Zilliqa, a high-speed blockchain platform from researchers at the National University of Singapore, has today announced a strategic partnership with FBG Capital, one of the world’s leading digital asset management firms. The firm will be investing into the project and Zhuo Shuoji, founding partner of FBG and a veteran cryptocurrency trader, will be joining Zilliqa as an advisor to help guide commercial and financial industry adoption of the new blockchain platform.Zilliqa was created by researchers at the National University of Singapore to solve the issue of scalability of blockchains, one of the most pressing problems facing the technology today. The new platform they have developed is based upon the technology of sharding that was originally proposed by the research team in an academic paper in 2015.“Zilliqa is an example of pure innovation being applied towards providing a solution to critical business challenges,” said Zhuo Shuoji, Founding Partner of FBG Capital. “We are excited to work with their top-notch team and help them build the next generation of high-throughput blockchain applications.”“Having the expertise of Zhuo Shuoji and FBG Capital guiding us truly an honor,” said Xinshu Dong, CEO of Zilliqa. “We are confident that our technology combined with our amazing team and advisors will drive the adoption of our platform towards providing solutions to everyday business and consumer applications.”
Zilliqa has already built a working platform and has recently announced that their internal testnet has reached a peak throughput of 2,488 transactions per second (TX/s). For perspective, if Zilliqa were fully functional on the same number of computer nodes as Ethereum (~22,000) their transaction rate would be over 15,000 TX/s, nearly double the average of VISA, the largest electronic payment network in the world.
Zhuo Shuoji will be joining banking tech leaders Alexander Lipton and Stuart Prior as well as blockchain innovators Loi Luu and Aquinas Hobor as advisors on the project. The original scientific research for the project was done in the laboratory of Dr. Prateek Saxena, who is now Chief Scientific Officer with Zilliqa. Earlier projects and ventures that emerged from Dr. Saxena’s research group include KyberNetwork, TrueBit, SmartPool, and Anquan Capital.Zilliqa plans to release their source code and a public testnet in December 2017. The public release of their protocol will enable the public and developers to participate in testing its functionality, performance, and robustness, and to start designing the next generation of blockchain applications that can be developed on the platform.The company has stated that they will soon announce details of their public token generation event with their early contribution phase being currently underway.

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HR EcoSaaS marks a new dawn for human capital management services

Posted by fidest press agency su sabato, 14 ottobre 2017

shanghaiPRNewswire/ The digital transformation is becoming more globalized – the opportunities this provides are well acknowledged by those at the top – 81% of CEOs ranked advanced analytics as the top technology to change their organization (Highlights of the 2016 CEO Survey: Business Leaders Are Committed to Digital Industry Transformation). Gartner’s 2017 Symposium reported “technology enabled business is expected to be more of a focus in 2020”. In keeping with other global industries, the HR industry’s digital platform is here, taking the form of EcoSaaS (Ecosystem + Software as a service), launched by CDP – the business innovation leader in the HCM industry. However, EcoSaaS is more than a digital platform; it is the ultimate user experience – a combined HCM services and digital platform all-in-one. With more than 10 years experience innovating in the HR industry, CDP group released its disruptive model EcoSaaS – an HR Ecosystem over digital platform. CDP now faces the future with strength and agility to help Chinese enterprises to achieve global aspirations and ambitions. However, despite the concept, technology is no substitute for people in an enterprise. EcoSaaS is a service concept, combining the human capital management needs to form a digital platform – Chinese enterprises face increased energy and efficiency, and CDP hopes to take advantage of this growth.
Owing to the innovative nature of EcoSaaS, it has already attracted attention from international business media, including Forbes. Marking the Forbes’ 100th Anniversary Global CEO conference with the theme “The Next 100 Years”, Forbes overseas and digital platform published an interview with CDP’s CEO Wayne Wang, highlighting the innovative direction of EcoSaaS, and exploring his experiences in China’s human resources industry, his outlook on global human resources industry technology trends, market growth, and future innovation.EcoSaaS brings interconnectivity to the world of HR, and according to global trends, the number of partners in an ecosystem platform is only set to increase:The EcoSaaS platform relies on advanced cloud technology to tie together all the systems human capital management needs in a single digital operating platform – more comprehensive and consistent with diverse needs of business’s. EcoSaaS integrates different industries, services, knowledge and best practices to cover the full range of HR services. This meets business’s needs at different levels, from SME’s to multinationals, and produces a close connection between enterprises. By creating a shared-community platform, including staff and customers, supplier, partners and other channels upstream and downstream of the application, businesses can view EcoSaaS as their one-stop solution.CDP is assertively leading the way in this global movement, backed by research showing digital over services Ecosystem is the future. Gartner, the world’s leading IT consulting and research firm, found in its HCM 2017 Report that relying on technology and resource integration is the forthcoming HCM industry trend. Releasing their Market Guide for Multi-country Payroll Solutions, CDP was the only Chinese human resources service provider listed, included on the Market Guide for HCM suite and the Global List of Pay Suppliers. This is a milestone not just for China’s human resources services industry, but also in CDP Group’s global strategic plan. (photo: ecosystem partner)

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Change Capital Partners

Posted by fidest press agency su giovedì, 17 luglio 2014

fretteChange Capital Partners farà un significativo investimento in Frette per metterla in condizione di raggiungere appieno il suo potenziale di crescita. L’attuale proprietà di Frette, JH Partners, una società di private equity focalizzata su beni di consumo e con base a San Francisco, resterà nella compagine societaria con una quota di minoranza. Fondata nel 1860 e con sede a Monza, Frette coniuga design contemporaneo con artigianato italiano per creare tessuti di grande pregio forniti agli hotel più prestigiosi del mondo, ristoranti, case private, compagnie aeree, compagnie di navigazione e ferroviarie, come l’Orient Express. La società ha fornito biancheria di alta qualità alle famiglie aristocratiche di tutta Europa così come al Vaticano. Frette ha 15 boutique di proprietà nelle più esclusive zone di shopping in città quali Parigi, Milano, Roma, New York e Beverly Hills ed è presente in esclusivi store da Los Angeles a Londra, da Mosca a Hong Kong.Frette ha registrato nel 2013 un fatturato consolidato di circa 90 milioni di euro e vende attraverso una combinazione di punti vendita gestiti direttamente, grossisti e agli hotel attraverso il canale hospitality. Change Capital Partners è convinta che Frette offra ottime opportunità di crescita negli anni a venire e metterà la sua forte esperienza gestionale e operativa nel settore retail a disposizione della società per rafforzare la sua posizione di attore protagonista nel mercato della biancheria di lusso per il bagno e la camera da letto. Change Capital Partners stima che il valore del mercato globale della biancheria di lusso da casa superi 1,2 miliardi di euro e prevede di trarre beneficio dalla costante crescita della domanda proveniente dai mercati emergenti.Steve Petrow, Partner Change Capital Partners, ha commentato: “Siamo molto contenti di essere in grado di compiere un investimento significativo in Frette. La società ha una tradizione unica, grande esperienza e il vantaggio di coprire sia il mercato consumer sia quello alberghiero. Con il nostro solido passato di investitori nella crescita di società che rappresentano punti di riferimento nel settore del lusso e dei servizi e beni di consumo, guardiamo con grande interesse alla prospettiva di portare Frette a un livello superiore.”Andrew Warden, Chief Executive Frette, ha aggiunto: “I mercati continuano a evolvere e ci sono grandi opportunità nel futuro di Frette. Con l’esperienza, la direzione strategica e il sostegno attivo di Change Capital Partners, stiamo per entrare in una nuova fase di crescita.Steve Baus, Partner JH Partners, ha concluso: “Diamo un caloroso benvenuto a Change Capital Partners che svolgerà un ruolo fondamentale nel dare a Frette il sostegno necessario e le risorse per il suo successo futuro. Siamo molto contenti di restare nella compagine societaria di Frette che crediamo abbia un brillante futuro davanti a sé.”Questa transazione rappresenta il sesto investimento del secondo fondo di Change Capital Partners e il tredicesimo complessivamente. Quello italiano è un mercato chiave per la società e il suo team include diversi professionisti italiani del settore degli investimenti. Nel dicembre 2010 Change Capital Partners aveva acquisito una quota di maggioranza in Vesevo (ora Sebeto Group), una delle principali catene di ristoranti con oltre 120 punti vendita in Europa e negli Stati Uniti. Il marchio Rossopomodoro, assieme ad altri nomi della ristorazione, è parte di Sebeto Group.Tra i precedenti investimenti nel settore del lusso si trova Jil Sander, che era stata acquisita da Prada e successivamente ceduta a Onward Holdings. Tra gli investimenti in corso si trova Paule Ka, il marchio parigino di abbigliamento femminile di lusso distribuito in 53 paesi del mondo.

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Capital Market Exchange Combines its Proprietary Investor Sentiment

Posted by fidest press agency su venerdì, 17 gennaio 2014

bostonBoston, Mass. — Capital Market Exchange today announced the enhancement to its Investment Grade Bond Analytics Platform to include Credit Default Swaps. Institutional asset managers and hedge fund clients can now apply its unique Sentiment Adjusted Spreads to identify negative basis and pure arbitrage trades in the $30 trillion CDS market. Capital Market Exchange is the first firm to utilize new forms of unstructured data such as professional bond investor opinions in combination with traditional credit metrics to develop a forward-looking projection of credit risk by bond outstanding.Through its patent-pending aggregation process, Capital Market Exchange learned investors had renewed and heightened concerns about liquidity in the cash bond market early last year. For this reason and others, investment teams turned to the CDS market. While asset managers have had access to the CDS market since the early 1990s, increased interest in using derivates was pointed out by the industry’s leading advocate, SIFMA and affirmed by Bloomberg News.Bloomberg News reported in January of this year bond investors’ derivatives purchases reached their record levels in 2013 a high not seen since 2008. Capital Market Exchange’s President Sarah Biller affirmed it was this level of interest in the CDS market that drove the firm’s decision to broadly release this enhancement. Ms. Biller noted, “Fixed Income investors, especially those with ETF products or unconstrained mandates, are more frequently executing their opinions in the CDS market. They recognize the immense potential value of incorporating forward-looking factors into their investment decisions in the highly liquid CDS market.”

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Capital elite manager donna 2010

Posted by fidest press agency su giovedì, 25 novembre 2010

La società milanese Atlantyca Entertainment nella persona dell’Amministratore Delegato Claudia Mazzucco riceve dalla Camera di Commercio China-Italia (CICC) il premio Capital elite manager donna 2010, come riconoscimento per il significativo lavoro svolto nella diffusione della creatività Made in Italy nel  mercato cinese. China Awards 2010 è un’iniziativa volta ad identificare realtà individuali o aziendali che, nel corso del 2010, hanno contribuito con la loro dedizione, visione globale e mission aziendale a valorizzare le relazioni d’affari fra Cina e Italia.
Protagonisti e premiati di questa nuova edizione insieme ad Atlantyca Entertainemt note aziende italiane del calibro di Byblos, Olivetti, Prada, Natuzzi, Mapei fra gli altri, esponenti dell’Italia che vince e stupisce all’estero.
La Camera di Commercio Italiana in Cina (CCIC) è un’associazione di operatori ed imprese italiane, libera ed elettiva, apolitica e senza finalità di lucro costituita nel luglio 1991.Quale membro della Camera di Commercio Europea in Cina, la CCIC fornisce contributi e supporto alla stessa per lo svolgimento del suo ruolo di tutela degli interessi delle società degli stati membri dell’Unione Europea.
Atlantyca Entertainment è stata fondata nel settembre del 2006 dal famoso editore e imprenditore Pietro Marietti che, con Elisabetta Dami, ha dato vita ad uno dei fenomeni editoriali di maggior successo nella letteratura per ragazzi: la famosissima collana di libri per bambini Geronimo Stilton.L’azienda, insieme al partner per la co-produzione Moonscoop, ha prodotto la serie animata “Geronimo Stilton” lanciata in tutta Europa nell’autunno del 2009. Le due aziende stanno attualmente producendo la Seconda Stagione. Atlantyca è partner di Moonscoop sia per la  co-produzione  che per la   distribuzione  (solo per l’Italia) della serie animata “Dive Olly Dive” (Stagione II). (claudia mazzucco)

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