Low Carbon Accelerator has made a further investment of USD533,333 (approximately GBP330,000) in LUMEnergi as part of an overall funding round of USD1m with its existing co-investor, Noventi Ventures. The funding has been provided as an extension to the existing convertible loan note that was announced on 11 August 2009.
Jonathan Denton, partner in law firm Mishcon de Reya’s Finance and Banking Group, examines the implications of the UK Chancellor’s proposed “bank payroll tax”. The Chancellor Alistair Darling announced in the Pre-Budget Report that the Government would introduce a temporary "bank payroll tax" payable by banks on the value of
The hedge fund industry will grow in 2010 with risk management continuing to be the key to success and macro, long/short equity and long/short credit will be the best performing hedge fund strategies in 2010, according to Morten Spenner (pictured), CEO at fund of hedge funds manager International Asset Management
Marlin Management has completed the first and final closing of Marlin Equity III, a USD650m institutional private equity fund that seeks capital appreciation through investments in businesses undergoing operational, financial or market driven change. Marlin targets companies across a variety of industries, including technology, healthcare, business services, consumer products, and
Venture capital firms IDG Ventures, Kleiner Perkins Caufield & Byers, Benchmark Capital, DAG Ventures and Founders Fund Management have agreed to sell their stake in Friendster, a US-based online social network company, to MOL Global. MOL Global is a Malaysia-based affiliate of online payment solutions provider MOL AccessPortal Berhad. MOL Global
Iveagh Private Investment House, the Guinness family office, is to launch a new share class for the Iveagh Wealth Fund to enable charities to invest in the fund at a reduced charge. As part of a long-term partnership with the National Council for Voluntary Organisations, the share class will be
Affiliates of Patriarch Partners have entered into an agreement to recapitalise and acquire a majority interest in Dura Automotive Systems. Under the agreement, Patriarch will invest up to USD125m of capital and will take a controlling stake in Dura. This transaction completes the transformation of Dura, a company that emerged
RPM Ventures, a seed and early-stage venture capital firm, has closed its second venture capital fund, RPM Ventures II. The firm reached its target goal of USD60m with commitments from a mix of foundations, fund of funds, large family offices, and partners from venture funds. Building on the success of
The past 12 months have demonstrated graphically the vital importance for investors in alternatives of minimising the downside risk associated with extreme market conditions.
Gartmore Group, a traditional equity and alternative asset management firm, has priced its initial public offering of ordinary shares at 220 pence per share. Based upon the offer price, the market capitalisation of Gartmore at the commencement of conditional dealings will be approximately GBP676m. The offer consists of 127.3
12 November, 2026 – 5:00 pm
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