Macfarlanes hires Ropes & Gray’s Hitching

Macfarlanes has hired partner Malcolm Hitching of Ropes & Gray.

MiddleGround Buys Automotive Supplier

MiddleGround Capital has acquired majority ownership of Dura Automotive Systems from Bardin Hill Investment Partners. The buy of Dura is MiddleGround’s sixth platform acquisition in its first fund which closed in August 2019. Dura Automotive

TA Associates Grinds Away

Astorg has agreed to sell its portfolio company Surfaces Group to TA Associates. Surfaces Group is a supplier of abrasive tools and consumables used in the manufacturing process of high-end materials. The group’s products are

Stellex Capital Management brings in industry veteran pair for launch of Michigan office

Mid-market US private equity house Stellex Capital Management has expanded its operations through the opening of a new office in Michigan.

CS adds Wang to China team as COO

Credit Suisse has hired ex-UBS banker and former banking regulator Alan Wang as its chief operating officer for China.

Embattled Jain to restructure dollar debt

Indian agricultural company Jain Irrigation Systems, which has been navigating a liquidity crisis for more than a year, has put in place two restructuring plans for its onshore and offshore debt.

CIFC launches “all-weather” high yield Ucits strategy

Opalesque Industry Update - Alternative credit specialist CIFC has launched a long/short high yield UCITS fund managed by industry veteran Jason Horowitz, who has been running similar strategies successfully for over 10 years. Mr. Horowitz

Alvarez & Marsal Adds Aerospace and Defense Pro

Alvarez & Marsal (A&M) has added James Marceau as a managing director in its private equity performance improvement group. Mr. Marceau will be active within A&M’s aerospace, defense and aviation practice and will be based

Carrick Buys Flatiron from WeWork

Carrick Capital Partners has acquired Flatiron School, an educational provider of on-line coding skills, from WeWork. New York City-based Flatiron School is an educational institution that teaches software engineering, computer programming, data science, and cybersecurity

People news in brief: October 8, 2020

Goldman picks Drayton as Asia IB co-head — Credit Suisse names new Japan IB chief — Li to retire early from HKEX — ANZ appoints Philippines head

Ex-Goldman SSA banker joins asset manager

A former sovereign, supranational and agency bond syndicate banker at Goldman Sachs has joined an alternative investment management firm as a fixed income trader.

MUFG hires corporate banking head in Vietnam

MUFG Bank has hired Hoang Thi Tuong Khanh as director and head of global corporate banking for Vietnam.

PolyVision Adds On

PolyVision, a portfolio company of Industrial Opportunity Partners (IOP), has acquired Marsh Industries, a manufacturer of visual display boards. IOP acquired PolyVision in February 2020 from publicly traded Steelcase. Marsh Industries is a maker of

Blackstone Inks First Fund VIII Control Buy

Blackstone has agreed to acquire Ancestry from Silver Lake, GIC, Spectrum, and Permira at an enterprise value of $4.7 billion. The buy of Ancestry is the first control acquisition for Blackstone Capital Partners VIII LP

Aberdeen Standard hires Cinven’s Robinson

Aberdeen Standard Investments has hired Chris Robinson to its European private equity team.

Raymond James expands German industrial technology team

Investment banking firm Raymond James has hired managing director Tobias Ramminger from Lincoln International and has also promoted Sherif Abdel-Aziz to director in its Germany-based diversified industrials team

YFM hires new partner

YFM Equity Partners has hired Victor Christou as partner.

Hony Capital’s PizzaExpress to cut 1,100 jobs as it agrees to restructuring deal

The restaurant chain, which has been struggling since the pandemic hit, is putting itself up for sale and is looking to close some 67 restaurants in the UK

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