Deloitte names Patrick Henry leader of U.S. investment management practice

By Chris Witkowsky — 2 years ago

Deloitte has named Patrick Henry, a partner with Deloitte & Touche LLP, as vice chairman and leader of the cross-functional investment management practice in the U.S. Henry succeeds Cary Stier, who will now lead Deloitte Touche Tohmatsu Limited member firms’ investment management practice globally. Henry will be responsible for development of key sector initiatives across Deloitte’s audit, tax, consulting and advisory businesses.

Continue

Asenti expands in Cleveland

By Angela Sormani — 2 years ago

Asenti Diligence Partners has expanded its team with a newly established office in Cleveland. Josh Melitschka is joining the Cleveland team. Prior to joining Asenti, he was a senior manager at BBP Partners and at Deloitte’s M&A transaction services practices. Kevin Berry, a recent graduate of the University of Dayton, will support deal teams from Asenti’s Cleveland office.

Continue

LX Ventures’ Copper.io hires new COO

By Iris Dorbian — 2 years ago

Copper.io, a portfolio company of LX Ventures, has hired Bernd Petak as its chief operating officer. The appointment is effective immediately. Petak is a former strategy and operations consulting partner at Deloitte. Based in Vancouver, British Columbia, Copper.io is a provider of tools for developers of web and mobile apps.

Continue

Riverside invests in BeneSys

By Iris Dorbian — 2 years ago

The Riverside Company said Tuesday that it has made an undisclosed investment in BeneSys. THL Credit and PNC provided financing for the transaction. Jones Day and Deloitte served as advisor to Riverside. Based in Troy, Michigan, BeneSys is a provider of third-party administration services for employee healthcare and pension benefit programs for Taft-Hartley multiemployer plans.

Continue

Deloitte Acquires IE Discovery

By Angela Sormani — 4 years ago

Deloitte has acquired IE Discovery, a provider of electronic discovery management and litigation support solutions that serves federal government clients. IE Discovery is headquartered in Austin, Tex., with additional offices in Arlington, Va. Terms of the acquisition were not disclosed. PRESS RELEASE Deloitte today announced that it has acquired substantially all of the assets of […]

Continue

Deloitte Acquires Mobile Apps Developer Ubermind

By Mark Boslet — 4 years ago

Deloitte said it acquired mobile app developer Übermind, Inc. Terms of the deal were not disclosed. PRESS RELEASE Deloitte Acquires Übermind; Establishes Lead in the Mobile Revolution NEW YORK, January 4, 2012 — Expanding its leading-edge business, systems integration and enterprise technology capabilities, Deloitte today announced the acquisition of Übermind, Inc., an innovative mobile agency. […]

Continue

Slideshow: Cloud, Social Media, Health Services Top List Of Hottest Global Venture Investment Areas

By Mark Boslet — 5 years ago

Venture capitalists continue to face challenges turning portfolio investments into attractive exits. But many have no difficulty identifying new opportunities to put money to work, according to a global survey of investment intentions release this week. The study – the annual Global Venture Capital Survey conducted in the spring by the National Venture Capital Association […]

Continue

Cleantech’s Nemesis: Consumer Awareness Still Lags

By Mark Boslet — 5 years ago

Ever wonder why cleantech has been slow to take off? Ok, sure. The technology is still immature. Solar cell efficiencies are relatively low and the smart grid is, well, hardly a grid. What’s more, until now, energy has been relatively inexpensive. But there is another big reason, in fact the big elephant in the room: […]

Continue

Deloitte, CVCA Survey: VCs in Canada See Further Contraction

By Eamon — 5 years ago

Sixty-six percent of Canadian respondents expect their industry to contract over the next five years, according to the 2010 Global Venture Capital Survey by Deloitte, Canada’s Venture Capital & Private Equity Association and other industry associations. However, a majority of VCs in China, India and Brazil are more optimistic and anticipate growth in the number of venture firms in their countries over the same period.

Continue

Cleantech Venture Investments Hit $2.02 Billion

By Luisa Beltran — 6 years ago

Clean technology venture investments in North America, Europe and China hit $2.02 billion in second quarter, up 43% for the same time period in 2009, according to the Cleantech Group and Deloitte. Solar was the lead sector for investments with $811 million spread across 26 deals.

Continue

Does Deloitte Not Understand FAS 157?

By Dan Primack — 6 years ago

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.

Continue

Deloitte Cans Its Fund Placement Team

By Dan Primack — 7 years ago

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.

Continue