Vistra has secured authorisation from the Central Bank of Ireland (CBI) to provide fund administration services from Ireland. To support the expansion, Vistra Funds Services (Ireland) has appointed Aimee Gill, CEO and Head of Fund Accounting; Paul McDonald, Head of Investor Services; and Jacqueline Evbodaghe, Head of Risk and Compliance.

According to a press statement, Vistra’s expansion into fund administration services in Ireland aligns with its strategic growth ambitions and reflects its commitment to providing a “high quality and seamless end-to-end service for its clients”.

Cap10, a specialist pan-European private equity firm based in London, has appointed Luca Bonanomi as Partner. Bonanomi has spent the last decade at Blackstone, most recently as a Managing Director in the firm’s private equity group.

In his new role, Bononami will be responsible for targeting unique investment opportunities and further establishing and scaling the Cap10 business in the mid-market space alongside existing Partners, Founding Partner Fabrice Nottin and CFO and COO Mandar Kulkarni.

Bonanami’s investing experience focuses on primary transactions across industrial niches, healthcare and life sciences, as well as business services.

Prior to Blackstone, he worked in the investment banking division at JP Morgan.

Paramount, the owner of MTV, Nickelodeon and Paramount Pictures will open negotiations with a bidding group led by Sony Pictures Entertainment and private equity giant Apollo Global after its exclusivity period with Hollywood studio Skydance ended on Friday, according to a report by The New York Times.

The report cites three unnamed people familiar with the matter in revealing that a special committee of Paramount’s board of directors met on Saturday and agreed to open discussion with Sony and Apollo, which last week submitted a non-binding letter of interest offering to acquire the company in a $26bn cash deal.

According to the NYT’s sources, the committee also decided to pursue further discussions with Skydance.

While the proposed deal would see Sony acquire a controlling stake in Paramount and Apollo a minority holding, given current US government restrictions on foreign ownership of broadcast networks, the bidding group will likely push for US-based Apollo to hold the rights to the CBS broadcast license, according to two of the sources familiar with the acquisition strategy.

Lower middle market private equity firm Silver Oak Services Partners has led the recapitalisation of US service business Beary Landscaping alongside the company’s management. 

Silver Oak invested alongside Brian Beary, Founder and CEO of Beary Landscaping, and other senior management. The existing management team will continue in their current roles and retain a significant ownership stake in the business.

In a statement, Silver Oak highlighted landscaping services as an attractive subsector for investment as part of a broader effort in facilities services, due to the recurring nature of revenue, low cyclicality and high degree of fragmentation.
Beary is actively looking for add-on acquisition opportunities.

Beary was founded in 1985 and provides recurring landscaping and snow removal services to utilities, multi-family living communities, office buildings and municipalities across Illinois, Indiana, Pennsylvania, Michigan and Wisconsin.

Middle-market private credit manager Colbeck Capital Management has appointed Jared Talisman as a Managing Director and Head of Originations. 

Talisman most recently served as a Managing Director at Principal Alternative Credit, where he led and managed the sourcing, structuring and due diligence of non-sponsored private credit investments.

Prior to Principal Alternative Credit, Talisman was a Director at Stonehenge Capital. Talisman has also worked in investment banking at GrowthCap, North Sea Partners and Lehman Brothers.