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Intelligence

Scott Madden, Moore Management

Moore Management appoints funds director

First Names Group’s fund services business Moore Management has appointed Scott Madden as funds director. Based in Moore’s head office in Jersey, Madden (pictured) brings with him operational and technical experience including significant skills in organic and inorganic build-outs.   Prior to joining Moore he headed up the integrations team

Reiss appoints Christos Angelides as CEO

Reiss, owner of the global men's and women's fashion and accessories brand REISS, has appointed Christos Angelides as chief executive officer (CEO) as part of a planned succession process.  Angelides brings over 30 years multi-channel retail experience to Reiss including 28 years at Next where he served for 14 years

Summa Equity acquires Lin Education

Summa Equity has acquired Linfre Education AB from the company’s founder and a handful of private investors. The founder and CEO Josef Lind will reinvest the majority of his proceeds, and the management team will also invest alongside Summa Equity.   Tommi Unkuri, partner at Summa Equity, says: “We are

BNY Mellon appoints structured finance expert

BNY Mellon has appointed Declan Turner as a business development manager for its corporate trust team in Europe, the Middle East and Africa (EMEA). Turner will focus on promoting BNY Mellon’s administration solutions across all loan portfolios, including direct lending and collateralised loan obligations (CLOs).   “Declan has extensive experience in structured

Enstar sells Pavonia life business to Global Bankers Insurance Group

Enstar Group is to sell its subsidiary Pavonia Holdings (US) for USD120 million to an affiliate of Global Bankers Insurance Group, the insurance and reinsurance group of companies of Eli Global. Pavonia owns Pavonia Life Insurance Company of Michigan, Pavonia Life Insurance Company of New York, and Enstar Life (US).

Assetz Capital expands in NI with new senior hire

Assetz Capital, a UK peer-to-peer finance platform, has committed to expansion in Northern Ireland under the guidance of recently appointed Regional Relationship Director, Andrew Fraser.   Fraser joins Assetz Capital from Santander UK Corporate and Commercial. In this role he was a Business Development Director covering the Northern Ireland region. Fraser’s new

Masayoshi Son, SoftBank

SoftBank Group to acquire Fortress Investment Group for USD3.3bn

SoftBank Group (SoftBank or SBG) is to acquire Fortress Investment Group (Fortress) in a cash deal worth approximately USD3.3 billion. Under the terms of the merger agreement, which has been unanimously approved by a Special Committee of Independent Directors of Fortress's Board of Directors and Fortress's full Board of Directors, each Fortress Class

Summa Equity’s first fund closes at SEK4.5 billion

Summa Equity’s first fund, Summa Equity Fund I, has closed with commitments of SEK4.5 billion, exceeding the initial target of SEK3.3 billion after being significantly oversubscribed. The fund size was limited to SEK4.5 billion despite oversubscription.  Summa Equity was founded in 2016 by five partners brought together by a shared

Proskauer advises HgCapital on two new fund closings totaling GBP3.1bn

International law firm Proskauer has advised European buyout firm HgCapital on the close of two new funds with a combined value of GBP3.1 billion. HgCapital 8 closed with GBP2.5 billion in commitments, five months after launching in September 2016, and HgCapital Mercury 2, closed on its target of GBP575 million

One Equity Partners’ portfolio company acquires Auto Safety House

One Equity Partners’ portfolio company, The WW Williams Company has completed the acquisition of Auto Safety House, one of the largest vehicle maintenance service and parts provider for trucks, pre-owned and new buses, and other vehicles in the Southwestern US. The company is also  the Thomas Built Bus distributor for

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