Federal Register/Vol. 84, No. 78/Tuesday, April 23

Total Page:16

File Type:pdf, Size:1020Kb

Federal Register/Vol. 84, No. 78/Tuesday, April 23 16854 Federal Register / Vol. 84, No. 78 / Tuesday, April 23, 2019 / Notices EARLY TERMINATIONS GRANTED MARCH 1, 2019 THRU MARCH 31, 2019—Continued 20191014 ...... G Novacap Industries IV, L.P.; GHP Group, Inc.; Novacap Industries IV, L.P. 03/25/2019 20191004 ...... G Blackbird HoldCo, Inc.; Irving Place Capital Partners III SPV, L.P.; Blackbird HoldCo, Inc. 20191008 ...... G AP Drive, L.P.; EQT Infrastructure II Limited Partnership; AP Drive, L.P. 03/26/2019 20191019 ...... G Concrete Pumping Holdings, Inc.; A. Keith Crawford and Melinda Crawford; Concrete Pumping Holdings, Inc. 03/29/2019 20190912 ...... G George J. Pedersen; Kforce Inc.; George J. Pedersen. FOR FURTHER INFORMATION CONTACT: FEDERAL TRADE COMMISSION waiting period prior to its expiration Theresa Kingsberry, Program Support and requires that notice of this action be Specialist, Federal Trade Commission Granting of Requests for Early published in the Federal Register. Termination of the Waiting Period Premerger Notification Office, Bureau of The following transactions were Under the Premerger Notification Competition, Room CC–5301, granted early termination—on the dates Rules Washington, DC 20024, (202) 326–3100. indicated—of the waiting period By direction of the Commission. Section 7A of the Clayton Act, 15 provided by law and the premerger notification rules. The listing for each April J. Tabor, U.S.C. 18a, as added by Title II of the Hart-Scott-Rodino Antitrust transaction includes the transaction Acting Secretary. Improvements Act of 1976, requires number and the parties to the [FR Doc. 2019–08081 Filed 4–22–19; 8:45 am] persons contemplating certain mergers transaction. The grants were made by BILLING CODE 6750–01–P or acquisitions to give the Federal Trade the Federal Trade Commission and the Commission and the Assistant Attorney Assistant Attorney General for the General advance notice and to wait Antitrust Division of the Department of designated periods before Justice. Neither agency intends to take consummation of such plans. Section any action with respect to these 7A(b)(2) of the Act permits the agencies, proposed acquisitions during the in individual cases, to terminate this applicable waiting period. EARLY TERMINATIONS GRANTED FEBRUARY 1, 2019 THRU FEBRUARY 28, 2019 02/04/2019 20190275 ...... G The E.W. Scripps Company; EPI Group, LLC; The E.W. Scripps Company. 20190667 ...... G RLC Industries Co.; Potlatch Deltic Corporation; RLC Industries Co. 20190694 ...... G Christopher Grassi; Josue Christiano Gomes da Silva; Christopher Grassi. 20190707 ...... G Atlantic Regional Federal Credit Union; York County Federal Credit Union; Atlantic Regional Federal Credit Union. 20190712 ...... G Royal Dutch Shell plc; Landmark Industries; Royal Dutch Shell plc. 20190713 ...... G Landmark Industries Holdings, Ltd.; Landmark Industries; Landmark Industries Holdings, Ltd. 20190714 ...... G 3i Group plc; Elliott Springer; 3i Group plc. 20190715 ...... G 3i Group plc; Kevin Schneider; 3i Group plc. 20190721 ...... G ACI Group Holdings, Inc.; Sharpe Dry Goods Company, LLC; ACI Group Holdings, Inc. 20190730 ...... G John Paulson; Centerbridge Capital Partners II, L.P.; John Paulson. 20190737 ...... G SoftBank Vision Fund (AIV M1) L.P.; Automation Anywhere, Inc.; SoftBank Vision Fund (AIV M1) L.P. 20190741 ...... G KeyCorp; Gary Lieberman; KeyCorp. 20190760 ...... G Nordic Capital IX Beta, L.P.; Tulip Holding Limited; Nordic Capital IX Beta, L.P. 02/06/2019 20190673 ...... G J.B. Hunt Transport Services, Inc.; Patrick Cory; J.B. Hunt Transport Services, Inc. 02/07/2019 20190720 ...... G Henry Schein, Inc.; BW NAR AIV III, L.P.; Henry Schein, Inc. 02/08/2019 20190488 ...... G Ari Ojalvo-Oner; 2288880 Ontario Limited; Ari Ojalvo-Oner. 20190561 ...... G CONMED Corporation; Filtration Group Equity LLC; CONMED Corporation. 20190751 ...... G The Baring Asia Private Equity Fund VI, L.P. 2; Pioneer Corporation; The Baring Asia Private Equity Fund VI, L.P. 2. 02/11/2019 20190750 ...... G Reingold Geiger; Nemo Investor Aggregator, Ltd.; Reingold Geiger. 20190761 ...... G Zebra Technologies Corporation; Water Street Healthcare Partners III, L.P.; Zebra Technologies Corporation. 20190762 ...... G Michael Klein; Clarivate Analytics Plc; Michael Klein. VerDate Sep<11>2014 17:49 Apr 22, 2019 Jkt 247001 PO 00000 Frm 00019 Fmt 4703 Sfmt 4703 E:\FR\FM\23APN1.SGM 23APN1 jbell on DSK3GLQ082PROD with NOTICES Federal Register / Vol. 84, No. 78 / Tuesday, April 23, 2019 / Notices 16855 EARLY TERMINATIONS GRANTED FEBRUARY 1, 2019 THRU FEBRUARY 28, 2019—Continued 20190765 ...... G ShawCor Ltd.; ZCL Composites Inc.; ShawCor Ltd. 20190768 ...... G AE Industrial Partners Fund II, LP; OEP VI AIV Feeder (A), L.P.; AE Industrial Partners Fund II, LP. 20190770 ...... G NGL Energy Partners LP; DCP Midstream Partners, LP; NGL Energy Partners LP. 20190779 ...... G Starwood Energy Infrastructure Fund III U.S. Investor, L.P.; FirstEnergy Solutions Corp.; Starwood Energy Infrastructure Fund III U.S. Investor, L.P. 20190780 ...... G Steel Dynamics, Inc.; United Steel Supply, LLC; Steel Dynamics, Inc. 20190787 ...... G GTCR Fund XI/B LP; GTCR Fund XI/A LP; GTCR Fund XI/B LP. 20190789 ...... G AIPCF VI Indirect Investor AIV LP; General Electric Company; AIPCF VI Indirect Investor AIV LP. 20190794 ...... G Kirby Corporation; Arlen B. Cenac, Jr.; Kirby Corporation. 02/13/2019 20190742 ...... G Elliott International Limited; Ebay Inc.; Elliott International Limited. 20190743 ...... G Elliott Associates, L.P.; Ebay Inc.; Elliott Associates, L.P. 02/14/2019 20190738 ...... G Huntington Ingalls Industries, Inc.; Fulcrum IT Holdings, LLC; Huntington Ingalls Industries, Inc. 20190793 ...... G Tesla, Inc.; Maxwell Technologies , Inc.; Tesla, Inc. 02/15/2019 20190798 ...... G Thoma Bravo Fund XII Global, L.P.; Rubicon Technology Partners (Cayman) L.P.; Thoma Bravo Fund XII Global, L.P. 20190800 ...... G FIC DBR Co-Invest Feeder, L.P.; Denham Oil & Gas Fund LP; FIC DBR Co-Invest Feeder, L.P. 20190801 ...... G AIF IX International Holdings, L.P. (Cayman); RPC Group Plc; AIF IX International Holdings, L.P. (Cayman). 20190803 ...... G Tyler Technologies, Inc.; Arlington Capital Partners II, LP; Tyler Technologies, Inc. 20190804 ...... G John Zimmer; Lyft, Inc.; John Zimmer. 20190805 ...... G Logan Green; Lyft, Inc.; Logan Green. 20190817 ...... G Chevron Corporation; Petroleo Brasileiro S.A.; Chevron Corporation. 20190826 ...... G Mr. Renrong Yu; Beijing OmniVision Technologies, Co. Ltd.; Mr. Renrong Yu. 02/19/2019 20190764 ...... G Canaccord Genuity Group Inc.; Columbia Care LLC; Canaccord Genuity Group Inc. 02/20/2019 20171983 ...... G Fresenius Medical Care AG & Co. KGaA; NxStage Medical, Inc.; Fresenius Medical Care AG & Co. KGaA. 02/21/2019 20190748 ...... G Novartis AG; Ionis Pharmaceuticals, Inc.; Novartis AG. 02/22/2019 20190775 ...... G Uniti Group Inc.; R. Otto Maly; Uniti Group Inc. 20190796 ...... G Aurobindo Pharma Limited; Spectrum Pharamaceuticals, Inc.; Aurobindo Pharma Limited. 20190799 ...... G Sumner Redstone; Pluto Inc.; Sumner Redstone. 02/25/2019 20190797 ...... G Starboard Value and Opportunity Fund Ltd.; Bristol-Myers Squibb Company; Starboard Value and Opportunity Fund Ltd. 20190824 ...... G iAero Group Holdco LLC; New Swift Air Holdings, L.L.C.; iAero Group Holdco LLC. 20190827 ...... G Johnson & Johnson; MeiraGTx Holdings plc; Johnson & Johnson. 02/26/2019 20190816 ...... G Sequoia Capital Global Growth Fund III—Endurance Partners; Aurora Innovation, Inc.; Sequoia Capital Global Growth Fund III—Endurance Partners. 20190823 ...... G Unite Parent Corp.; The Ultimate Software Group, Inc.; Unite Parent Corp. 20190837 ...... G KKR Asian Fund II Japan AIV L.P.; Thermo Fisher Scientific Inc.; KKR Asian Fund II Japan AIV L.P. 20190840 ...... G Wellspring Capital Partners VI, L.P.; BDCM Opportunity Fund II, L.P.; Wellspring Capital Partners VI, L.P. 20190842 ...... G SoftBank Vision Fund (AIV M2) L.P.; Fair Financial Corp.; SoftBank Vision Fund (AIV M2) L.P. 20190844 ...... G FLIR Systems, Inc.; Arlington Capital Partners III, L.P.; FLIR Systems, Inc. 20190850 ...... G Bain Capital Fund XII, L.P.; Rangers Renal Holdings LP; Bain Capital Fund XII, L.P. 20190851 ...... G Carousel Capital Partners V, L.P.; Sterling Group Partners III, L.P.; Carousel Capital Partners V, L.P. 20190852 ...... G LightBay Investment Partners LP; Levine Leichtman Capital Partners V, L.P.; LightBay Investment Partners LP. 20190857 ...... G One Rock Capital Partners II LP; Univar Inc.; One Rock Capital Partners II LP. 20190858 ...... G SPC Investment Co., L.P.; Patricia Bragg; SPC Investment Co., L.P. 20190859 ...... G PDS Parent, Inc.; Peachtree Parent, Inc.; PDS Parent, Inc. 20190862 ...... G RoundTable Healthcare Partners IV, L.P.; Moberg Pharma AB (publ); RoundTable Healthcare Partners IV, L.P. 20190865 ...... G Carlyle U.S. Equity Opportunity Fund II, L.P.; Cortec Group Fund V, L.P.; Carlyle U.S. Equity Opportunity Fund II, L.P. 20190867 ...... G Gryphon Partners V, L.P.; LLR Equity Partners IV, L.P.; Gryphon Partners V, L.P. VerDate Sep<11>2014 17:49 Apr 22, 2019 Jkt 247001 PO 00000 Frm 00020 Fmt 4703 Sfmt 4703 E:\FR\FM\23APN1.SGM 23APN1 jbell on DSK3GLQ082PROD with NOTICES 16856 Federal Register / Vol. 84, No. 78 / Tuesday, April 23, 2019 / Notices EARLY TERMINATIONS GRANTED FEBRUARY 1, 2019 THRU FEBRUARY 28, 2019—Continued 02/28/2019 20190825 ...... G Sentinel Capital Partners VI, L.P.; Benjamin Rutledge Wall II; Sentinel Capital Partners VI, L.P. 20190838 ...... G SoftBank Vision Fund (AIV M1) L.P.; Guardant Health,
Recommended publications
  • Leadership Newsletter Winter 2020 / 2021
    T���������, M���� ��� T����������������� Leadership Newsletter Winter 2020 / 2021 GTCR Firm Update Since the firm’s inception in 1980, GTCR has Technology, Media and Tele- partnered with management teams in more communications than 200 investments to build and transform growth businesses. Over the last twenty years alone, GTCR has invested over $16 billion in approximately 100 platform acquisitions, 30+ 95+ PLATFORMS ADD-ONS including more than 65 companies that have been sold for aggregate enterprise value of over $ $50 billion and another 14 companies that have 25B+ been taken public with aggregate enterprise value PURCHASE of more than $34 billion. In November 2020, PRICE we closed GTCR Fund XIII, the firm’s largest fund to date, with $7.5 billion of limited partner capital commitments. This fund follows GTCR Fund Acquisition Activity Since 2000 XII, which we raised in 2017, with $5.25 billion As of January 15, 2021* of limited partner capital commitments. GTCR currently has 25 active portfolio companies; ten of these companies are within the Technology, Media and Telecommunications (“TMT”) industry. Page 1 / Continues on next page Technology, Media and Telecommunications Group Update Since 2000, GTCR has completed over 30 new platform investments and over 95 add-on acquisitions within the TMT industry, for a total of over 125 transactions with a combined purchase price of over $25 billion. During just the past year, we have realized several of these investments, selling three businesses and completing the partial sale of two additional companies, for a combined enterprise value of over $9 billion. Our TMT franchise includes ten active portfolio companies and one management start-up, which together have completed nearly 30 add-on acquisitions under our ownership, representing approximately $3 billion of GTCR invested capital.
    [Show full text]
  • Not Mitt Romney's Bain Capital: Boston Investment Firm Home To
    Not Mitt Romney’s Bain Capital: Boston investment firm home to diverse political views - Business - The Boston Globe Interested in documentaries? Click here to view our latest free screening. TEXT SIZE MANAGE ACCOUNT LOG OUT NEWS BusinessMETRO MARKETS TECHNOLOGY ARTS BUSINESS BETABOSTON SPORTS OPINION Red Sox Live 3 8 POLITICS LIFESTYLE Final MAGAZINE INSIDERS AtTODAY'S Bain, PAPER a broad range of viewpoints is the new reality E-MAIL FACEBOOK TWITTER GOOGLE+ LINKEDIN 57 http://www.bostonglobe.com/...romney-bain-capital-boston-investment-firm-home-diverse-political-views/gAGQyqkSROIoVubvsCXJxM/story.html[5/23/2015 10:37:45 PM] Not Mitt Romney’s Bain Capital: Boston investment firm home to diverse political views - Business - The Boston Globe SUZANNE KREITER/GLOBE STAFF Former Governor Deval Patrick, a Democrat, is joining Bain Capital — an investment firm founded by his predecessor on Beacon Hill, Republican Mitt Romney. By Beth Healy and Matt Rocheleau GLOBE STAFF APRIL 16, 2015 There are two chestnuts that drive Bain Capital partners crazy: First, the notion that they are ruthless capitalists who enjoy firing people. Second, that they are all card-carrying Republicans. Fifteen long years since Mitt Romney left the Boston investment firm he founded, those old impressions still rankle. Enter Deval Patrick, former Massachusetts governor and a Democrat closely aligned with President Obama, named this week a Bain managing director who will focus on “social impact” investing. The newest Bain employee — and the public spirit implied by his new job — would seem to contradict the firm’s old image. But current and former partners, and close observers of the firm say Bain Capital is more of a big tent than many might think.
    [Show full text]
  • Private Equity and Value Creation in Frontier Markets: the Need for an Operational Approach
    WhatResearch a CAIA Member Review Should Know Investment Strategies CAIAInvestmentCAIA Member Member Strategies Contribution Contribution Private Equity and Value Creation in Frontier Markets: The Need for an Operational Approach Stephen J. Mezias Afzal Amijee Professor of Entrepreneurship and Family Enterprise Founder and CEO of Vimodi, a novel visual discussion with INSEAD, based at the Abu Dhabi campus application and Entrepreneur in Residence at INSEAD 42 Alternative Investment Analyst Review Private Equity and Value Creation in Frontier Markets Private Equity and Value Creation in Frontier Markets What a CAIA Member Should Know Investment Strategies 1. Introduction ership stakes, earning returns for themselves and the Nowhere else is the operational value creation approach LPs who invested with them. While this clarifies that more in demand than in the Middle East North Africa capturing premiums through ownership transactions is (MENA) region. Advocating and building operational a primary goal for GPs, it does not completely address capabilities requires active investment in business pro- the question of what GPs need to do to make the stakes cesses, human capital, and a long-term horizon. Devel- more valuable before selling the companies in question. oping the capabilities of managers to deliver value from There are many ways that the GPs can manage their in- operations will not only result in building capacity for vestments to increase value, ranging from bringing in great companies, but will also raise the bar for human functional expertise, e.g., sound financial management, talent and organizational capability in the region. In the to bringing in specific sector operational expertise, e.g., long term, direct support and nurturing of the new gen- superior logistics capabilities.
    [Show full text]
  • Representative Financial Services M&A Transactions
    Representative Financial Services M&A Transactions Asset Management • Hellman & Friedman. Representing Hellman & Friedman in connection with its acquisition of Allfunds Bank S.A., a Spanish bank that offers intermediation and investment services to commercial banks, private banking institutions, fund managers, insurance companies and fund supermarkets. • Ramius, LLC. Represented Ramius, LLC, in its sale of Ramius Alternative Solutions to AllianceBernstein. • Landmark Partners. Represented Landmark Partners in the $465 million sale to OM Asset Management, a privately owned asset management holding company. • State Street Bank and Trust Company. Represented State Street Bank and Trust Company in the acquisition of GE Asset Management (GEAM), a privately owned investment manager. • Mitsubishi UFJ Investor Services. Represented Mitsubishi UFJ Investors Services in its acquisition of UBS Global Asset Management’s Alternative Fund Services Business, a company that offers professional services for hedge funds, funds of hedge funds, private equity, and real estate structures. • Mitsubishi UFJ Fund Services Holdings Ltd. Represented Mitsubishi UFJ Fund Services Holdings Ltd., an asset administration company, in its acquisition of Meridian Fund Services Group. • Bain Capital. Represented the global credit affiliate of Bain Capital in its $1.6 billion acquisition of four portfolios of collateralized loan obligations (CLOs) from Regiment Capital. • Wellington Management Company. Represented Wellington Management Company, a privately owned investment manager, in its $85 million PIPE investment in ChinaCache International Holdings Ltd., a provider of content and application delivery services in the People’s Republic of China. • 3i Group. Represented 3i Group in its strategic transaction with Fraser Sullivan, a privately owned investment manager. • Special Committee of Cole Credit Property Trust II Inc.
    [Show full text]
  • How Will Financial Services Private Equity Investments Fare in the Next Recession?
    How Will Financial Services Private Equity Investments Fare in the Next Recession? Leading funds are shifting to balance-sheet-light and countercyclical investments. By Tim Cochrane, Justin Miller, Michael Cashman and Mike Smith Tim Cochrane, Justin Miller, Michael Cashman and Mike Smith are partners with Bain & Company’s Financial Services and Private Equity practices. They are based, respectively, in London, New York, Boston and London. Copyright © 2019 Bain & Company, Inc. All rights reserved. How Will Financial Services Private Equity Investments Fare in the Next Recession? At a Glance Financial services deals in private equity have grown on the back of strong returns, including a pooled multiple on invested capital of 2.2x in recent years, higher than all but healthcare and technology deals. With a recession increasingly likely during the next holding period, PE funds need to develop plans to weather any storm and potentially improve their competitive position during and after the downturn. Many leading funds are investing in balance-sheet-light assets enabled by technology and regulatory change. Diligences now should test target companies under stressful economic scenarios and lay out a detailed value-creation plan, including how to mobilize quickly after acquisition. Financial services deals by private equity funds have had a strong run over the past few years, with deal value increasing significantly in Europe and the US(see Figure 1). Returns have been strong as well. Global financial services deals realized a pooled multiple on invested capital of 2.2x from 2009 through 2015, higher than all but healthcare and technology deals (see Figure 2).
    [Show full text]
  • September 5, 2017 GTCR XII $150 Million September 5, 2017 Francisco Partners V $250 Million August 17, 2017 NGP Natural Resource
    JOHN D. SKJERVEM PHONE 503-431-7900 CHIEF INVESTMENT OFFICER FAX 503-620-4732 INVESTMENT DIVISION STATE OF OREGON OFFICE OF THE STATE TREASURER 16290 SW UPPER BOONES FERRY ROAD TIGARD, OREGON 97224 OREGON INVESTMENT COUNCIL SEPTEMBER 20, 2017 MEETING MINUTES Members Present: Rukaiyah Adams, Tobias Read, John Russell, Rex Kim, Rick Miller and Steve Rodeman Staff Present: John Skjervem, Perrin Lim, David Randall, Deena Bothello, Karl Cheng, May Fanning, Michael Langdon, Jen Plett, Jen Peet, James Sinks, Michael Viteri, Tony Breault, Amanda Kingsbury, Austin Carmichael, Dana Millican, Ricardo Lopez, Jo Recht, Ben Mahon, Debra Day, Tom Lofton, Angela Schaffers, Priyanka Shukla, Roy Jackson, Garrett Cudahey, Mike Mueller, Steven Chang, Andy Coutu, Cassie Lallack, Dmitri Palamateer, Kim Olson, Aliese Jacobsen, William Hiles, Cassie Lallak, Amy Wojcicki Consultants Present: Tom Martin, Nic DiLoretta, David Fan, (TorreyCove); Allan Emkin, Christy Fields (PCA); Jim Callahan, Uvan Tseng, Janet Becker-Wold (Callan) Legal Counsel Present: Dee Carlson, Oregon Department of Justice The September 20th, 2017 OIC meeting was called to order at 8:59 am by Rukaiyah Adams, OIC Chair. I. 9: 01am Review and Approval of Minutes MOTION: Treasurer Read moved approval of the August 9th, 2017 OIC meeting minutes, and Mr. Kim seconded the motion which then passed by a 5/0 vote. II. 9:06 am Committee Reports and CIO Update Committee Reports: John Skjervem, OST Chief Investment Officer gave an update on the following committee actions taken since the August 9, 2017 OIC meeting: Private Equity Committee September 5, 2017 GTCR XII $150 million September 5, 2017 Francisco Partners V $250 million Alternatives Portfolio Committee August 17, 2017 NGP Natural Resources XII $250 million Opportunity Portfolio Committee None Real Estate Committee None OREGON INVESTMENT COUNCIL September 20, 2017 Meeting Summary Mr.
    [Show full text]
  • Financial Services & Technology
    Leadership Newsleter Financial Services & Technology Fall 2015 GTCR Firm Update Since the firm’s inception in 1980, GTCR has partnered with management teams to build and transform growth businesses, investing over $12 billion in more than 200 companies. In January 2014, we closed GTCR Fund XI, the firm’s largest fund to date, with $3.85 billion of limited partner equity capital commitments. To date, we have made five investments in Fund XI. Financial Services & Technology Group Update GTCR's Financial Services & Technology group has stayed very busy in 2015: with the sale of three porfolio companies, Premium Credit Limited, Fundtech and AssuredPartners; the pending sales of Ironshore and The Townsend Group; and the acquisition by Opus Global of Alacra, a provider of KYC compliance workflow sotware to financial institutions. Industry Viewpoints During the extended bull market since the Great Recession, “fintech” has become one of the hotest segments of the economy in terms of media and investor focus. The space has received intense media atention and an influx of capital from venture capitalists and traditional strategic buyers looking to avoid falling behind the curve. Unlike many industries where wholesale technology changes can quickly upend a traditional landscape, financial services requires a more nuanced evolution of technological progress given heightened regulatory requirements, dependence on human capital and the need for trust in financial markets. Many new entrants in the fintech space (both companies and investors) have focused heavily on the “tech” and less on the “fin.” Unlike many new investors in the space, GTCR sees technology not as a separate subsector but as an integral part of financial services, and we have been investing behind the adoption of technology throughout the industry for over two decades.
    [Show full text]
  • Annual Report
    Building Long-term Wealth by Investing in Private Companies Annual Report and Accounts 12 Months to 31 January 2021 Our Purpose HarbourVest Global Private Equity (“HVPE” or the “Company”) exists to provide easy access to a diversified global portfolio of high-quality private companies by investing in HarbourVest-managed funds, through which we help support innovation and growth in a responsible manner, creating value for all our stakeholders. Investment Objective The Company’s investment objective is to generate superior shareholder returns through long-term capital appreciation by investing primarily in a diversified portfolio of private markets investments. Our Purpose in Detail Focus and Approach Investment Manager Investment into private companies requires Our Investment Manager, HarbourVest Partners,1 experience, skill, and expertise. Our focus is on is an experienced and trusted global private building a comprehensive global portfolio of the markets asset manager. HVPE, through its highest-quality investments, in a proactive yet investments in HarbourVest funds, helps to measured way, with the strength of our balance support innovation and growth in the global sheet underpinning everything we do. economy whilst seeking to promote improvement in environmental, social, Our multi-layered investment approach creates and governance (“ESG”) standards. diversification, helping to spread risk, and is fundamental to our aim of creating a portfolio that no individual investor can replicate. The Result Company Overview We connect the everyday investor with a broad HarbourVest Global Private Equity is a Guernsey base of private markets experts. The result is incorporated, London listed, FTSE 250 Investment a distinct single access point to HarbourVest Company with assets of $2.9 billion and a market Partners, and a prudently managed global private capitalisation of £1.5 billion as at 31 January 2021 companies portfolio designed to navigate (tickers: HVPE (£)/HVPD ($)).
    [Show full text]
  • Presidential Politics & Private Equity
    Roundtable Presidential Politics & Private Equity Sponsored by Sponsored by 029_MAJOct12 1 9/7/2012 7:07:28 PM Roundtable o explore the impact of the 2012 presidential election on middle- new president, or the existing president, is going to market dealmaking, Mergers & Acquisitions convened a special face. Will taxes go up? Will dividends go up? Will capital gains go up? Will “ObamaCare” get repealed? 5roundtable, held at the Nasdaq exchange and sponsored by Fifth As I’ve canvassed small businesses across the state Street Finance Corp. (Nasdaq: FSC) and Rutan & Tucker LLP. Partici- of Connecticut, I’ve found higher healthcare costs are the number one, two and three things concern pants included four private equity investors, two members of government ing them. I’ve been talking to the 60 or 70 private equity sponsors that we lend to about their portfolio (a Democrat and a Republican), two lenders, an investment banker, an companies, and this is a big issue. So, the question is: attorney and a consultant. Most of the roundtable participants are sup- Does healthcare get repealed? How do you forecast your business, how do you forecast what you want to porting former Governor Mitt Romney (R-Mass.) in the election, which do, and how do you think about deals and lending? This environment creates great uncertainty. underscores the Bain Capital co-founder’s popularity among his private The country is also going to make a choice be equity peers. tween what I call statist and capitalist, not Democrat and Republican. This is a statist president. This is a president who wants a bigger, better government.
    [Show full text]
  • 2017 Mid-Market Private Equity Transactions
    2017 MID-MARKET PRIVATE EQUITY TRANSACTIONS Sale of Key Acquisition of Minority investment Retirement Group to Buyout of Future Investment in Media Buyout of Reapit by Syslink by Synova in Radius Payment Partners Group by Investment in Industrial Services iQ by ECI Partners Accel-KKR Capital Solutions by Phoenix Equity ChargePoint by NorthEdge Inflexion Partners Technology by LDC Capital Advised ECI Advised Accel-KKR Advised Synova Advised Inflexion Advised Phoenix Advised LDC Advised NorthEdge Sale of Fine Acquisition of Investment in Make Investment in Sale of The Creative Industries by Acquisition of AllClear Insurance It Cheaper by ECI Rayner Surgical Acquisition of Engagement Group NorthEdge Capital Thornbridge Services by Synova Partners Group by Phoenix Fastflow Group by by LDC to Sawmills by Capital Equity Partners Elysian Capital Huntsworth plc Advised NorthEdge Cairngorm Capital and other Advised Synova Advised ECI Advised Phoenix Advised Elysian Advised LDC shareholders Advised Cairngorm Sale of MKM Investment in Sale of Admiral Building Supplies to Law Firm of the Year Sygnature Discovery Buyout of Cawood Buyout of Fishawack Taverns to Proprium UK Legal Adviser of Bain Capital by 3i (Deal Structuring) by Phoenix Equity Scientific by Communications by by Cerberus and the Year and LDC Partners Inflexion LDC management 2017 2017 Advised 3i and Advised Phoenix Advised Inflexion Advised Admiral LDC Advised LDC 2017 GROWTH AND DEVELOPMENT CAPITAL TRANSACTIONS Minority investment in Sale of JCRA to Shaw Healthcare by Investment in
    [Show full text]
  • So What Does Bain Say to Its Clients?
    So what does Bain say to its clients? Leads | By Remapping Debate | Economy, Politics Jan 18, 2012 — Does it really make sense to take at face value the statements made by and on be- half of Mitt Romney as he and his campaign try to place a positive spin on his tenure at Bain Capital? Wouldn’t it be better to look at how the firm articulates its mission for current and prospective business clients? So far, that has not been happening. Gov. Romney and his lieu- The suggestions that Bain tenants have engaged in a two-track operation. One element was or is somehow in the — which may very well work — is to try to frighten the press into business of job creation or submission with the 2012 version of the Red Scare (“you’re giv- ing aid and comfort to the enemies of capitalism”). sought to create jobs are fundamentally deceitful. The other element is to turn his vulnerability on profiting from American job losses to the kind of “he said, she said” story that many like to serve up as evidence of evenhandedness. As has been reported, “Mr. Romney as of late has defended his record at the firm. He has touted the success of some businesses, including Staples, and said job losses at others were unfortunate.” If there are two sides to the story, they certainly do not seem balanced: companies did shed jobs on the advice or at the direction of Bain, and job gains at some companies in which B ain invested did not necessarily mean a net gain for the economy (company A gaining jobs and market share at the expense of company B does not increase overall job numbers).
    [Show full text]
  • Bi-Weekly Finanial Technology Sector Report
    Financial Technology Sector Summary Week of May 22, 2017 1 DEAL DASHBOARD Financial Technology (3) (1) (3) $11.9 Bn | 1,188 Deals Industry Stock Market Performance $75.9 Bn | 852 Deals LTM Financing Volume Last Twelve Months LTM M&A Volume 160 Select Recent Financing Transactions Select Recent M&A Transactions Company Amount ($MM) 150 Target Acquirer EV ($MM) 140 $130.0 $3,720.0 130 $120.0 NA 120 Z enith $63.0 110 M erchant NA Services 100 Wacai $42.0 NA 90 $42.0 NA 80 5/19/16 7/4/16 8/17/16 9/30/16 11/15/16 12/29/16 2/13/17 3/29/17 5/12/17 $37.0 NA Payments Exchanges Payments Financial Data, Content, Information Processors / $37.0 & Analytics Credit Bureaus NA Banking & Lending Online Broker Dealers Technology $25.0 NA Investment Services, Healthcare / Insurance Software, & Technology Technology S&P 500 (3) (3) Quarterly Financing Volume Quarterly M&A Volume $10 500 $30 219 250 205 196 188 $8 $8.9 400 $25 200 $24.9 299 298 316 $24.5 276 $20 $6 300 $20.8 $20.4 150 $15 $4 200 100 $10 $3.0 $2 $2.6 $2.6 100 $5 50 $0 0 $0 0 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Financing Volume ($Bn) Financing Deal Count M&A Volume ($Bn) M&A Deal Count Notes: Source: Capital IQ, CB Insights and GCA FinTech Database. Market Data as of 5/19/17. 1) Refer to footnotes on page 5 for index composition.
    [Show full text]