Some of British private equity firm 3i Group’s top investors are planning to vote against the re-election of the company’s Chief Executive Michael Queen, Reuters reported, citing the Sunday Times. 3i shareholders including Schroders, BlackRock and Scottish Widows Investment Partnership “are planning to abstain or vote against Queen’s re-election, after they said he had rejected demands to return cash to shareholders,” Reuters wrote.
American Apparel Inc., which recently raised $14.9 million from private investors including Canadian financier Michael Serruya and Delavaco Capital, is in talks to replace two of its six board members, Reuters reported, citing a report by Bloomberg. Serruva and Delavaco Capital may buy $8 million of additional shares in the coming weeks, Bloomberg reported.
Richard Aube has joined New York-based private equity firm Pine Brook as a managing director focused on energy investing activities. Aube joins Pine Brook from DE Shaw & Co., where he was a managing director responsible for co-managing the firm’s North American private equity effort. Previously, Aube was a partner with JP Morgan Partners.
Manvinder Banga has joined the board of Marks and Spencer Group plc as a non-executive director, effective Sept. 1. Banga is currently an operating partner at Clayton Dubilier & Rice. Earlier in his career he worked in various positions with Unilever plc, including president of the global foods, home and personal care businesses and a member of the Unilever executive board.
Simon Borrows has been named chief investment officer of 3i Group. Borrows will also join the firm’s board when he starts at 3i this fall. Borrows, who advised on the IPO of 3i in 1994, is currently chairman of Greenhill & Co. International. Before founding the European operations of Greenhill in 1998, he was the managing director of Baring Brothers International Ltd.
Sam Greene and Mark Puntus have joined Centerview Partners to work on the restructuring advisory practice that the firm just launched. The pair previously worked at Miller Buckfire & Co. as managing directors. Greene was one of the original members of Wasserstein Perella & Co.’s restructuring group, which he joined in 1997; Puntus has experience working with Dresdner Kleinwort Wasserstein and Weil, Gotshal & Manges LLP.
Jingsheng Huang has agreed to join TPG Capital in late August, Reuters reported, citing confidential sources. Huang has been a Shanghai-based managing director at Bain Capital since 2005 and is one of its senior Chinese dealmakers, Reuters wrote.
Christopher Kersey, managing member of Camden Partners, the Baltimore-based private equity firm, will join the Johns Hopkins Medicine International board as chairman, the firm announced. Johns Hopkins Medicine International is the global development arm of Johns Hopkins Medicine.
Henry McVey has joined Kohlberg Kravis Roberts & Co. as head of global macro & asset allocation. He will be a managing director based in New York. Previously, McVey was head of global macro & asset allocation for Morgan Stanley Investment Management. Prior to that, McVey was a portfolio manager for Fortress Investment Group, focusing on global equities.
Jason Miller has been named a principal at Olympus Partners, according to a statement by the firm. Miller was previously a vice president at Olympus, focused on investing in health care and in consumer transactions.
Rodney L. Moore has joined the law firm Weil, Gotshal & Manges LLP as a partner, as the firm looks to expand midstream and upstream energy deal-making capabilities of its private equity practice. Moore comes from Vinson & Elkins LLP and will work in Weil’s Houston and Dallas offices.
Matthew Rizzo has joined the law firm Sidley Austin has a partner, resident in New York. He will focus on private equity, M&A and venture capital.
Walter Sabo has been named COO of Merlin Media, which is backed by GTCR, the company announced. GTCR formed Merlin to buy majority stakes in three radio stations owned by Emmis Communications.
Matthew Sperling has joined the New York-based financial advisory services firm Rothschild as a managing director and its head of equity advisory for North America. Sperling was most recently a managing director in the equity capital markets group of Jefferies & Co. and prior to that held senior positions in the U.S. equity capital market operations of UBS and Credit Suisse in New York.
, 3i Group’s Southeast Asia head, is leaving the private equity firm after 16 years, Reuters reported. Going forward, Anil Ahuja will lead the firm’s Singapore and Indian businesses, reporting to Bob Stefanowski, chairman of Asia and America. Thornton joined 3i Group in 1995.
Tadataka Yamada has joined Frazier Healthcare as a senior executive-in-residence. Yamada will work with the firm’s growth equity and venture capital teams to pursue investments in health care companies in the U.S. and in emerging markets. Yamada was most recently the president of the Global Health Program for the Bill & Melinda Gates Foundation. Frazier Healthcare has $1.8 billion under management.