In recent news, the Yad Hanadiv website has announced that former Israeli Ambassador Daniel Taub will become its Director of Strategy and Planning. This leading Israeli foundation acts on behalf of a number of Rothschild family philanthropic trusts.
The Foreign Ministry, in which Daniel Taub has held a wide variety of posts over the past two decades, congratulated him on the recent appointment, adding:
“Daniel is an outstanding and valued diplomat and lawyer and we hope to see him playing further roles in Israeli diplomacy in the future.”
Yad Hanadiv continues the long-standing support for Jewish revival in Palestine that was started by Baron Edmond de Rothschild in the second half of the 19th century. The Foundation was established in 1958 and has been guided by a distinguished Advisory Committee (now called the Board of Trustees) under the leadership of Rothschild family members. Major projects driven by Yad Hanadiv have included: the building of the Israeli Knesset and Supreme Court, the establishment of the Centre for Education Technology, the Rothschild Fellowships and Prizes, the Jerusalem Music Centre and others. Their current emphasis is on education, environment, academic excellence and Arab community. As they describe on their website, they are “Dedicated to creating resources for advancing Israel as a healthy, vibrant, democratic society, committed to Jewish values and equal opportunity for the benefit of all inhabitants, carrying forward the philanthropic tradition of the Rothschild family.”
Daniel Taub comes to this role with years of experience as an Israeli diplomat, international lawyer and writer of British origin. He was a speechwriter for President Chaim Herzog and has been extensively involved in the Israeli-Palestinian peace process and in representing Israel before international fora. He was Ambassador to the United Kingdom from 2011 to 2015. In 2013, he was awarded the Grassroot Diplomat Initiative Honoree for supporting young start-ups and entrepreneurs and he is a frequent writer about Israel and the Middle East for The Huffington Post, The Guardian, The Daily Telegraph and other publications.
Mr. Daniel Taub has been recruited to lead the Foundation’s long-term strategic thinking. This will include, among other tasks, developing entirely new areas of activity for the Foundation and building new relationships.
One of the signs of the growing economy and its ongoing recovery is the sale of manufacturing companies by private equity firms. Just such a transaction was recently made by MidOcean Partners. On October 30, 2015 MidOcean Partners completed the sale of Noranco Inc. to Precision Castparts Corp.
Noranco manufactures complex machined components and assembled structures for landing gear, aero structures, and aero engine applications for the aerospace industry.
CEO of MidOcean, Ted Virtue, commented on the deal:
“Our successful investment in Noranco is a perfect example of MidOcean’s strategy to back strong management teams who leverage our operating resources to drive growth and operating efficiency,” said Ted Virtue. “Noranco has been a terrific platform to consolidate the highly fragmented aerospace sector and this is a great outcome for our investors.”
MidOcean purchased Noranco in April, 2013 with several partners. After the acquisition MidOcean paired their operating resources in the aerospace industry with the firm’s management team. Together they cultivated growth of revenue and completed two accretive acquisitions.
Canaccord Genuity with Geoffrey Richards was certainly thrilled to be part of the 10th Annual M&A Advisor Turnaround Awards. They won two awards in the categories of the Distressed M&A Deal of the Year ($50 million to $100 million) and the Healthcare and Life Sciences Deal of the Year. Both of these awards were for their work with PhotoMedex Inc.
While Geoff Richards and Canaccord Genuity won these two awards, there were also awards given out in other areas. They had awards in the following categories: Restructuring of the Year, Transaction of the Year, Refinancing of the Year, Sector Deal of the Year, Firm of the Year, Turnaround Product/Service of the Year and Professional of the Year. Over 200 participating companies were part of the competition and all sections were judged by an independent panel of experts in the industry.