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Eversheds Ronald Paterson

Comment: Final stage of talks to water down EU hedge fund rules

Ronald Paterson (pictured), partner at international law firm Eversheds, comments on the latest stage of the countdown to the Alternative Investment Fund Management (AIFM) directive. British diplomats have this week begun the final stage in attempting to secure concessions to the Alternative Investment Fund Management (AIFM) directive, which critics warn

Guernsey flag

Guernsey funds continue to recover

The value of investment funds in Guernsey increased by GBP2.7bn, or 1.5 per cent, during the final three months of last year. The second successive quarter of growth takes the total value of funds business in the Island to GBP184.2bn at the end of December 2009. However, over the full

DoubleVerify raises USD10m in series B funding

DoubleVerify, a provider of online advertising verification, has closed a USD10m series B financing round led by Institutional Venture Partners.  The round included participation from existing DoubleVerify investors.    DoubleVerify provides a technology solution that delivers transparency and accountability for agencies, marketers, publishers and ad networks running online ad campaigns. 

Future Capital Tim Levy

Future Fuels acquires plant site in North East England

Future Fuels, a green investment opportunity from Future Capital Partners for sophisticated retail and high net worth investors, has acquired a site and planning permission consent for its industrial scale plant in Grimsby, North East England. Construction of the site will provide 750 jobs for two years and 70 permanent

RJD reports strong start to 2010

RJD Partners says it has seen a positive start to the first quarter of 2010 with its portfolio companies continuing to make good progress against their strategic plans. Ipes, its private equity fund administration business, had a successful first year following its buyout in late 2008 and forecasts further strong

SeaWell Networks secures USD7m in series A funding

SeaWell Networks, a provider of internet video distribution products, has secured a USD7m series A round of investment, including the conversion of seed funding. Led by BDC Venture Capital, the round also included Northwater Intellectual Property Fund and Ontario Centres of Excellence. SeaWell will use the funds to expand the

Ten-fold increase in City workers wishing to set up businesses

Sturgeon Ventures has seen the number of inquiries from City workers looking for help to set up their own businesses rise ten-fold in the last three months. Sturgeon, which specialises in helping entrepreneurs establish start-up financial services businesses in the institutional space, says City workers tired of bonus cuts and

Elysian Capital acquires Western Landscapes

DLA Piper has advised Elysian Capital and its portfolio company English Landscapes on the acquisition of Western Landscapes, trading as Wyevale Grounds Maintenance. Wyevale Grounds Maintenance provides hard and soft landscaping and grounds maintenance services. The company operates from ten sites around the country and has major contracts with the

Pohjola’s Selected Private Equity Funds II reaches first closing

Finnish-based pan-European private equity fund of funds manager Pohjola Private Equity Funds has reached the first closing of its Selected Private Equity Funds II on EUR97m. The vehicle, which has a EUR150m target and a hard cap of EUR240m, has raised the first EUR97m from seven Finnish institutional investors. Pohjola

Trade show

Tradeshow Marketing closes USD1.2m private equity placement

Tradeshow Marketing has completed a non-brokered private placement of 1,100,918 shares of common stock at USD1.09 per share for gross proceeds of approximately USD1.2m. The proceeds from this private placement will be used to launch additional products in 2010 on direct response television, to expand the company’s trade show operations,

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