Armstrong Asset Management has raised its first clean energy fund. A total of ten investors from Europe, North America and Asia have made capital commitments to the Armstrong South East Asia Clean Energy Fund since the fund held its first close in August 2012.
4 min read · 11 November 2013
London Pensions Fund Authority has appointed Robert Vandersluis to its board as a non-executive director. Vandersluis is GlaxoSmithKline’s director of global pension investments.
2 min read · 11 November 2013
Capital Dynamics has acquired a 68-megawatt portfolio of biomass power plants located in northern New South Wales, Australia. The portfolio includes two fully operational base-load power plants that co-generate renewable electricity and steam from local sugarcane waste and other biomass fuel sources.
3 min read · 11 November 2013
CCS Healthcare has entered into an agreement with Merck Sharp & Dohme to acquire the pharmaceutical skin care product and trademark Propyless. Propyless is a lotion, based on active substance propylene glycol, used for dry skin, atopic dermatitis and psoriasis.
1 min read · 11 November 2013
Find out the latest after the weekend in this Monday's First Read including Crestview's latest fundraising; who's leading the way in buyout PE returns and who will be the next big IPO after Twitter.
1 min read · 11 November 2013
The AES Corporation is to sell its electric generation and distribution businesses in Cameroon to Actis, a global pan-emerging market investor, for $220 million of net equity proceeds. Total net equity proceeds from the three sales are expected to be $236 million.
5 min read · 07 November 2013
Liberty Resources II, a newly-formed, Denver-based oil and gas company has secured a $350 million commitment, including $300 million from Riverstone Holdings, $50 million from Oakmont Corporation and additional amounts from the company's management team. The Riverstone commitment comprises $200 million from Riverstone Global Energy and Power Fund V and $100 million from Riverstone Energy Limited.
3 min read · 07 November 2013
Credit Suisse has reached an agreement to spin off the DLJ Investment Partners business including the existing investment team led by Igor DaCosta and Charles Harper, to Portfolio Advisors. Portfolio Advisors will become the new investment manager of DLJ Investment Partners, L.P, DLJ Investment Partners II, L.P., and DLJ Investment Partners III, L.P.
3 min read · 07 November 2013
UK wealth manager and online investment service Bestinvest has been acquired by a company owned by the Permira funds for an undisclosed sum. The transaction, which is subject to regulatory approval, is expected to complete in the first quarter of 2014.
5 min read · 07 November 2013
Augentius has moved to new premises in New York. The new premises are located on the corner of Lexington Avenue and 53rd Street.
1 min read · 07 November 2013
