Energy Efficiency Prediction For 2010 Already Coming True

Not all the news this week has to do with that tablet thingy, the iPad. It just seems that way, as your Twitter stream is no doubt full of jokes, pics and even a bona fide CEO poem about Apple’s latest “must-have” device. However, my attention this week has zeroed in on cleantech, including this […]


Does Deloitte Not Understand FAS 157?

Kohlberg Capital Corp., a publicly-traded business development company, has filed an 8-K that includes a major dig at accounting firm Deloitte & Touche LLP.

Kohlberg reported that Deloitte gave an unqualified opinion on Kohlberg’s financial statements for the 2008 fiscal year, but that the accounting firm later conducted an internal inspection process “of the methodology and procedures used to prepare the valuations” under FAS 157. As a result, Deloitte requested supplemental information.

Deloitte Cans Its Fund Placement Team

Updated Deloitte LLP is in the process of shutting down its Fund Placement Advisory Group, peHUB has learned. The London-based effort employed 10 professionals, and focused on helping to secure fund capital for mid-market buyout firms in Europe.

No word yet on why the effort is folding, but some of its key members have already found new employment. Group head James Coleman has joined Probitas Partners, where he will lead the U.S.-based firm’s European efforts from London. Director Vincent le Hodey also will join Probitas, with a focus on European relationship management and secondary fund advisory. The pair will bring at least two of their Deloitte mandates with htem over to Probitas, although both are said to be near completion.

Liam Camburn Joins Deloitte

Deloitte has hired Liam Camburn as a new director in its private equity transaction services team. He joins from mid-market private equity firm Rutland Partners. In his new role, Camburn will focus on advising deals in the mid-market space. At Rutland Partners he focused on UK mid market deals involving underperforming businesses with a need […]

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