Palatine appoints ESG Director
Palatine, a mid-market private equity firm, has promoted Stephanie Wall to the position of ESG Director. In her new role Wall joins Palatine’s senior management team. She will continue to lead projects across Palatine’s Buy-Out and Impact funds to embed ESG (environmental, social and governance) practices and continuous improvement across its portfolio, with a particular […]
Optician Mister Spex Is Said to Eye German IPO This Year
Berenberg, Jefferies picked as global coordinators for listing. Mister Spex targets Frankfurt exchange for IPO in first half. Mister Spex, one of Germany’s largest online eyewear retailers, is joining a growing list of German companies preparing for initial public offerings this year, according to people familiar with the matter. Berlin-based Mister Spex has picked Berenberg […]
Hillman in Talks to Go Public Via Fertitta, Jefferies SPAC
Transaction values combined entity at more than $2 billion. Private equity firm CCMP has owned majority stake since 2014. Construction hardware supplier Hillman Group Inc. is in talks to go public through a merger with Landcadia Holdings III Inc., a blank-check firm led by billionaire Tilman Fertitta and Jefferies Financial Group Inc.’s Rich Handler, according […]
Maneesh Dangi, A Top Fund Manager Is Turning Bullish on Riskier Indian Debt
(Bloomberg) — One of India’s top fund managers is turning bullish on higher-yielding rupee corporate bonds based on the view that the nation’s recovery will outpace the consensus estimate of economists. Maneesh Dangi, who oversees $25 billion of debt assets at Aditya Birla Sun Life AMC Ltd., expects India’s economy to expand by 13% in […]
Investcorp adds to Board of Directors
Investcorp has added Frances Fragos Townsend to its Board of Directors, effective immediately. With Townsend’s appointment, Investcorp’s Board now comprises 15 directors, 10 of whom have joined the in the past five years. Townsend is Emeritus Vice Chairman at MacAndrews & Forbes, Incorporated (MacAndrews). She formerly held the titles of General Counsel and Chief Administrative […]
Nilesh Patel Joins Cellanyx Board of Directors
Cellanyx today announced that Nilesh Patel has been appointed to the Cellanyx board of directors. Nilesh is a private equity executive with an extensive background in strategy, operations, analytics and corporate finance. His experience includes senior positions at Devonshire Investors (the private equity arm of Fidelity Investments) and IBM, and most recently, running CFC – […]
BlackRock is forcing finance to take climate risk seriously
BlackRock, the world’s largest investment firm, will put sustainability at the center of its investment strategy going forward, according to CEO Larry Fink’s annual letter to chief executives. The letter states that BlackRock, which manages almost $7 trillion in assets, will immediately stop investing in companies that “present a high sustainability-related risk,” such as coal […]
CVC Capital Partners Is Said to Mull Sale of Resins Group AOC
Buyout firm could seek at least $2 billion in sale of business. CVC has built resins business through string of acquisitions CVC Capital Partners is weighing the sale of its composite-resins business AOC, according to people familiar with the matter. The private equity firm is working with an adviser to explore options for AOC, said […]
AA Shareholders Approve $3.8 Billion Private Equity Buyout
AA Plc’s shareholders approved a takeover of the roadside assistance provider after the private equity suitors overcame opposition from a major investor. The deal was cleared by investors holding 88.6% of the shares voted at a meeting Thursday, AA said in a statement. The offer from Warburg Pincus and TowerBrook Capital Partners values London-listed AA […]
Advent to list Polish parcel locker business
Private equity group moves to cash in on surge in online shopping during pandemic. Private equity group Advent is planning to list InPost, its Polish parcel locker business, on the Amsterdam stock exchange, in a move designed to cash in on the surge in online shopping caused by the coronavirus pandemic. The listing, which will […]
