HG Capital related stories
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Clearlake Capital-backed NetMotion Wireless hires Kenessy as presidentNetMotion Wireless, which is backed by Clearlake Capital, has appointed Christopher Kenessey as president. Previously, Kenessey worked at The Foundry where he was chief sales and marketing officer as well as Cisco where he served as director of worldwide sales and operations for the company's intelligent automation business unit. Seattle-based NetMotion is a provider of mobility management solutions.
- HG Capital's Nair & Co. names new CEO
Nair & Co., a portfolio company of HG Capital, said Friday that it has named Chris Stone as CEO, effective immediately. Prior to joining Nair & Co., Stone served as CEO at Northgate Information Services. Headquartered in Bristol, UK, Nair & Co., is a provider of international business expansion services.
- Bloomberg, private equity firms circle Mergermarket - sources
Dozens of strategic and private equity players including Bloomberg News and Warburg Pincus are circling Pearson’s financial news provider Mergermarket ahead of an Oct. 7 deadline for first-round bids, several industry sources close to the deal told Reuters.
- HIG adds another director to London office
The London-based firm, which specialises in providing capital to small and medium-sized companies, has named former Hg Capital and Apax executive Carl Harring as a managing director.
- Cinven makes second pharma play with new fund
The London-headquartered firm has funded the acquisition of Amdipharm with capital from its fifth fund, which has now reached €4bn as it pursues a €5bn target.
- HPEQ exec issues cautionary tale for listed sector
Smaller vehicles face an uphill struggle in whipping up investor interest, according to Ian Barrass, portfolio manager of HPEQ, a listed European private equity trust in wind down-mode.
- Listed firms shrink debt levels
In a bid to better position themselves for future market ‘wobbles’, a recent study found Europe’s most highly leveraged listed private equity firms have cut their average net debt by half.
- LDC tops growth charts
Lloyds’ captive private equity unit lays claim to 10 of Britain’s 100 fastest growing companies, with other lower mid-market firms also faring well in the ranking of a recent study.
- US auto bailout to aid buyout firms
Many private equity firms have exposure to the US auto sector that was teetering on the edge of collapse. The US government's multi-billion efforts to prop up the big three US auto makers will accordingly affect many portfolios, not just Cerberus'.
- WL Ross increases stake in European auto supplier
The turnaround investor now holds 75 percent of Wagon following a €47m special rights offering. London Stock Exchange-listed Wagon designs vehicle structures for brands including Peugeot, Renault, Daimler and Volkswagen.