News & Analysis

Palatine partners with operating consultants

pfm tracks third party service providers: Palatine will use Berkeley for operational due diligence; Ogier adds two directors; Alter Domus makes an Irish acquisition; more

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• Lower mid-market private equity firm Palatine Private Equity has agreed to exclusively use consultancy firm The Berkeley Partnership during due diligence of portfolio companies as well as help identify areas where operational improvement can be made post-acquisition.

• INDOS, a provider of depositary services under the Alternative Investment Fund Managers Directive (AIFMD), is planning to expand its Irish office. Recruitment for the new roles is ongoing and will continue through 2014.

• Software provider Intralinks has made its online deal sourcing and marketing platform DealNexus available as an iPhone app.

• HR and investment advisory firm Mercer added Jennifer Jakubowski and Ken Weinberger to its North America private equity M&A team. Both will be based in the firm's Chicago office. Jakubowski joins from investment firm Bridgewater Associates and Weinberger from Aon Risk Services.

• A new way to store “Know Your Customer” (KYC) data is being launched by technology consultancy group Genpact and financial data provider Markit. The new service, Markit|Genpact KYC Services, helps standardize and centralize KYC data in the firm’s systems.

• Fund administrator Alter Domus acquired O’ Donovan Stewart Corporate Services in Ireland. O’Donovan Stewart provides firms with tax, accounting and administrative services.

• Luxembourg regulators granted Maitland a license to offer fund management services to third party funds and act as an outsourced management entity under the AIFMD.

• Asset management firm Northern Lights Capital Group acquired London-based private placement firm Buick Capital Partners, which will be rebranded as Northern Lights Alternative Advisors (NLAA).

• PwC has begun a practice advising European-based corporate venture capitalists on strategy, tax, legal and M&A. The practice will be kicked-off by Mark Muth, who joins the firm as a director in its London-based corporate finance team having formerly been a director of Unilever Ventures, the venture capital arm of Unilever.