Schroders & Associates Canada, the Canadian affiliate of U.K.-based Schroders PLC, rang in November with a first close on $110 million for its third buyout fund. The firm began raising money for Fund III at the beginning of the year and expects to hold a final close when it reaches between $180 million and $200 […]
Independent private equity firm Alchemy has sold the computer systems business of Instem that it took private after buying the entire share capital of the company. Instem was listed on the London Stock Exchange. Alchemy has become a notable player in the public to private equity arena already achieving a number of exits see EVCJ […]
Molly Ashby and her partners at Solera Capital get really ticked off when their firm and its debut fund are misunderstood. Despite the fact that their five-person team is comprised solely of women, they hate to be labeled as a “woman’s fund” because that has nothing to do with their investment strategy. However, perhaps there […]
Toronto-based private equity firm Counsel Corp. announced last week that it is shifting its industry focus away from health care and pharmaceutical interests and toward Internet, communications and other technology-based business-to-business enterprises. The news comes on the heels of an internal assessment in 1999 in which executives of the publicly listed company decided that Counsel’s […]
A $200 million equity commitment from Canada’s Caisse de depot et placement du Quebec to Air Canada may be used to facilitate that airline’s hostile takeover of Canadian Airlines International Ltd. Earlier this month, the Quebecois pension bought a C$150 million ($100 million) convertible subordinated debenture from Air Canada, and retained an option to buy […]
New York-based Chase Capital Partners this month formed a strategic partnership with Toronto-based Harrowston Inc., a publicly traded private equity group, to invest in Canadian companies, said Mathew Lori, a principal at Chase Capital Partners. Chase Capital and Harrowston each will commit $100 million to the joint venture that will pursue all levels of private […]
New York-based Chase Capital Partners this month formed a strategic partnership with Toronto-based Harrowston Inc., a publicly traded private equity group, to invest in Canadian companies, said Mathew Lori, a principal at Chase Capital Partners. According to Lori, Chase Capital and Harrowston each will commit $100 million to the joint venture, that will pursue all […]
The California Endowment of Woodland Hills, Calif., a $2.5 billion fund established in 1996, will likely begin searching for buyout and venture capital firms to begin fulfilling its 5%, or $125 million, allocation to alternative investments, said Alex Hsiao, senior investment manager. Originally slated to begin in March, the searches will begin after its July […]
The California Endowment, Woodland Hills, Calif., a $2.5 billion fund established in 1996, after its July board meeting likely will begin searching for buyout fund and venture capital firms to begin fulfilling its 5%, or $125 million, allocation to alternative investments, said Alex Hsiao, senior investment manager. The searches were originally slated to begin in […]
James Nelson is new BVCA head The British Venture Capital Association (BVCA) has appointed James Nelson, a director of F&C Ventures, to the position of chairman. He takes over from Clive Sherling, a director of Apax Partners & Co Ventures. Nelson founded F&C Ventures in the early 1980s and has played a leading role in […]