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Funds

Simmons & Simmons advises funding circle on listing and GBP150m equity raise

International law firm Simmons & Simmons has advised Funding Circle SME Income Fund Limited on its placing and offer for subscription of GBP150 million ordinary shares in the Company, the establishment of a GBP350 million share issuance programme, and the Company’s admission to the premium segment of the official list

GTCR acquires Park Place Technologies

Private equity firm GTCR is to acquire Park Place Technologies, a third-party maintenance (TPM) provider offering post-warranty data center maintenance services to clients around the world, from WestView Capital. Headquartered in Cleveland, Ohio, Park Place offers expertise across all major OEMs and has capabilities to support customers on a global

Blackstone and KIRKBI to acquire Armacell

Private equity funds managed by Blackstone and KIRKBI are to acquire Armacell,a manufacturer of flexible foam products for equipment insulation and technical applications, from Charterhouse. The company operates within two main businesses, Advanced Insulation and Engineered Foams. The Advanced Insulation business develops flexible foam products for the insulation of mechanical

James Williams, Hedgeweek

The ascent of liquid alternatives

On 28 August 2015 Aberdeen Asset Management PLC launched a USD500 million liquid alternatives fund – the Aberdeen Alternative Strategies Fund – designed to give investors access to a portfolio of alternative strategies. At the time, Morningstar quoted Andrew McCaffery, global head of alternatives at Aberdeen as saying: "Alternative investment

Noerr advises SAF-HOLLAND on taking up a promissory note loan for EUR200m

Noerr has advised the SDAX company SAF-HOLLAND SA on taking up a promissory note loan for EUR200 million. The Noerr team was led by the Noerr partners Dr Martin Kleinschmitt and Dr Nikolai Warneke. The promissory note loan was placed with institutional investors in Germany and abroad. It was arranged

Kinetix backs driverless electric motor racing championship

Investment company Kinetix, a specialist in disruptive technologies, is teaming up with Formula E to launch Roborace, a new motor racing championship for dirverless electric powered cars. This new championshiwill provide a competitive platform for the autonomous driving solutions that are now being developed by many large industrial automotive and

Blackstone and KIRKBI to acquire Armacell

Private equity funds managed by Blackstone and KIRKBI A/S are to acquire Armacell, a manufacturer of flexible foam products for equipment insulation and technical applications, from Charterhouse. The company operates within two main businesses, Advanced Insulation and Engineered Foams.  The Advanced Insulation business develops flexible foam products for the insulation

Almirall to acquire Poli Group

Barcelona-based pharmaceuticals company Almirall is to acquire one hundred per cent of the share capital of Poli Group Holding, the holding company of Poli Group, which comprises three operating companies – Taurus Pharma, Polichem SA and Polichem Srl. Poli Group has a diversified and growing portfolio of proprietary and well-established

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