Weir Acquires Novatech LLC

The Weir Group PLC has agreed to acquire Novatech LLC, a US manufacturer of well service pump valves and valve seats for upstream oil and gas applications, for US$176m (£113m1) in cash. The consideration will be funded from existing bank facilities. The acquisition is in line with Weir's acquisition criteria and is expected to be immediately earnings accretive with post tax returns

Written By Rebecca Harris

Posted on 25/Jan/2012

Roche offers to acquire all outstanding shares of Illumina, Inc.

Roche announced today that it is proposing to acquire all outstanding shares of Illumina, Inc. for $44.50 per share in cash, or an aggregate of approximately $5.7 billion on a fully diluted basis. This offer represents a 64% premium over Illumina’s stock price on December 21, 2011 – the day before market rumours about a potential transaction between Roche and Illumina drove

Written By Rebecca Harris

Posted on 25/Jan/2012

Related Company closes Related Real Estate Recovery Fund

Related Companies, one of the nation’s most prolific real estate development and investment firms, today announced the final closing of the Related Real Estate Recovery Fund with equity commitments of $825 million. The distressed asset fund’s target of $750 million was exceeded due to high investor interest and strong investment deal flow Included in the roster of limited partners

Written By Rebecca Harris

Posted on 25/Jan/2012

Quilter acquired by Bridgepoint in buyout from Morgan Stanley Smith Barney

Quilter & Co. Ltd, the specialist private client wealth management group, has been acquired by European private equity firm Bridgepoint from Morgan Stanley Smith Barney. With approximately £7.6 billion of funds under management (as at 31 December 2011), Quilter’s clients include high net worth individuals, charities and trusts, pension funds, corporate bodies and friendly

Written By Rebecca Harris

Posted on 25/Jan/2012

KPMG has appointed Matt Whipp as a Director in its UK Transfer Pricing practice

Matt joins with 12 years industry experience, having originally trained with another “Big 4” firm. In his role at Diageo, Matt was responsible for leading the business risk and transfer pricing for the group including establishing and managing its global transfer pricing policy, processes and documentation. Additionally he managed a number of transfer pricing audits across the globe

Written By Rebecca Harris

Posted on 25/Jan/2012

General Atlantic Appoints Martin Escobari, Managing Director in Brazil

General Atlantic LLC ("GA"), a leading global growth equity firm, today announced that Martin Escobari has joined the firm as a managing director and head of its São Paulo, Brazil office and Latin American investing program. Mr. Escobari will lead GA's investment activity in Latin America as part of the firm's continued strategy to invest in growth companies in this high growth region. To

Written By Rebecca Harris

Posted on 25/Jan/2012

THE 2012 STANDARD CHARTERED GREAT CITY RACE

The date for London’s premier 5k corporate sporting challenge, The Standard Chartered Great City Race, has been set for Thursday 12th July 2012. It is the only corporate sporting event to be held exclusively on the closed off streets in the City of London. This is the eighth year the Bank has sponsored this not-for-profit event. In the last three years all 6,500 places have sold out in

Posted on 25/Jan/2012

BMO's Lloyd George Management Announces Three New Appointments for Frontier Markets Equity Team

Lloyd George Management (LGM), a member of BMO Global Asset Management, has enhanced the experience of its frontier markets equity team with the recent appointments of Dr. Greg Mills, Dafydd Lewis and Donatas Uzkurelis. Dr. Greg Mills will take on the role of advisor to the LGM frontier strategy. Dr. Mills has extensive experience providing financial advice to national governments. In his

Written By Rebecca Harris

Posted on 24/Jan/2012

PHG Secures Second Round of Funding from Greycroft

Performance Horizon Group (PHG), a leading provider of performance marketing technology, announced today that it has received a second round of venture capital funding led by Greycroft Partners and existing investor DN Capital. PHG also welcomes John Taysom and Tom Buehlmann to its Board. Established in May 2010, PHG is the latest venture of Malcolm Cowley and Paul Fellows, founders of

Written By Rebecca Harris

Posted on 23/Jan/2012

Del Monte Canada has agreed to be purchased by ConAgra Foods

Sun Capital Partners, Inc. ("Sun Capital,") a leading private investment firm specializing in leveraged buyouts and investments in market–leading companies, today announced that its affiliated portfolio company Del Monte Canada, the market leader in packaged fruit and tomatoes in Canada, has agreed to be purchased by ConAgra Foods, one of North America’s leading food

Written By Rebecca Harris

Posted on 23/Jan/2012