Jersey’s fund servicing industry rose to 1,688 funds and sub-funds at the end of June 2010 from 1,654 funds a year ago, according to data from Lipper. Total net assets reached USD232.0bn (GBP155.1bn). The number of schemes/umbrella funds serviced in Jersey rose by five per cent, from 1,071 to 1,126

The Pacific Road Resources Funds have purchased 1,807,229 units issued by First Bauxite by way of private placement at a price of CAD0.83 per unit for gross proceeds to First Bauxite of CAD1,500,000. First Bauxite is a Canadian natural resources company engaged in the exploration and development of bauxite deposits.

BaltCap, a private equity and venture capital investor in the Baltic States, has invested EUR1.4m in Riga-headquartered pan-Nordic concrete floors contracting company Primekss to obtain a significant minority stake. This is the first investment by BaltCap Latvia Venture Capital Fund, which is part of the EU Structural Fund’s co-financed Jeremie

Deal activity in the financial services sector is showing signs of recovery as bank restructuring continues to accelerate and private equity firms start to play a bigger role in the sector again for the first time since the economic crisis. According to the forthcoming European Financial Services M&A Insight report

Insight Venture Partners, a private equity firm focused on technology companies, has made an investment in OverDrive, a distributor of eBooks, audiobooks and digital content services to retailers, libraries and schools. The investment, subject to regulatory approval, will provide additional resources and capital to help fuel the company’s growth. OverDrive

Silverfleet Capital, a European private equity firm, has added to its retail portfolio with the acquisition of the Schneider Group, a German catalogue and online retailer, in a secondary buyout from Barclays Private Equity.  Silverfleet Capital, a European private equity firm, has added to its retail portfolio with the acquisition

Private equity group MerchantBridge has launched an Iraq equity fund, the Mesopotamia Equity Fund. The fund is an open ended fund that will capitalise on the expected long term growth of the Iraqi Stock Exchange. The market capitalisation of the exchange, which reopened in 2004, has doubled to USD3bn in

Silverfleet Capital, the European private equity firm that specialises in buy and build investments, has made a 3x money return and an IRR of 27 per cent from the EUR417m sale of France’s jewellery chain Histoire d’Or, to Bridgepoint Capital. Silverfleet Capital invested in Histoire d’Or in 2006, in a tertiary