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Intelligence

Cloud Direct acquires fifth IT business in 20 months

Cloud solutions provider (CSP) Cloud Direct has acquired Connect Support Services, following hot on the heels of its January acquisition of AOG Group, a Microsoft gold partner for hosting and communications. In previous months, Cloud Direct acquired Redblade in July 2016, ihotdesk in December 2015 and Datel Business Systems in June 2015.   The acquisition of Connect

First Allied assists Lifestyle Financial Advisors in merger

One of First Allied Securities’ affiliated independent financial advisory firms, Lifestyle Financial Advisors, has completed the merger of the Laura A Nagle independent advisory practice into its organisation. Nagle, a 35-year industry veteran, has joined Lifestyle with more than USD167 million in client assets, as of 31 October 2016.  

Palamon sells SARquavitae for EUR550m

Palamon Capital Partners has completed the sale of SARquavitae, an elderly care provider in Spain for EUR550 million. Palamon sold SARquavitae’s operating business to GeriaVi, which holds Geriatros, another leading player in the Spanish elderly care market, and is a subsidiary of DomusVi (a PAI Partners portfolio company) for EUR440 million.

Mid Europa sells Alpha Medical

Mid Europa Partners is to sell Alpha Medical, provider of laboratory testing services in the Czech Republic and Slovakia, to Unilabs. The transaction, which is subject to customary clearance by local competition authorities, and is expected to close in Q2 2017, represents the largest healthcare transaction in Central Europe since

Lovell Minnick to acquire majority stake in Foreside Financial

Private equity firm Lovell Minnick Partners is to acquire a majority stake in Foreside Financial Group, a provider of a variety of regulatory compliance and distribution solutions to clients in the investment management industry. Financial terms of the private transaction have not been disclosed.   Established in 2005 and based

Idinvest Partners opens Frankfurt office

Idinvest Partners has opened a new office in Frankfurt and added three German nationals to its private debt team. The new Frankfurt office will be represented by Florian Zimmerman, who has been working with Idinvest since 2014.   Christophe Bavière, president of Idinvest Partners, says: “Brexit has accelerated the fact

Robert Briant, Conyers Dill & Pearman

BVI strikes right balance on fund governance

Proper fund governance has long been championed by leading offshore law firm Conyers Dill & Pearman, which for the last decade has encouraged its hedge fund clients to hold at least annual directors meetings. Initially this was met with some resistance according to Robert Briant (pictured), Partner and head of

Niall Brooks, Castlegate

BVI’s advantage is its flexibility and affordability

One of the reasons as to why the BVI introduced the Incubator and Approved Fund products in May 2015 was, partly, in response to the fact that fund launch numbers in the global hedge fund industry had started to steadily decline. Rising regulatory and compliance costs were hurting start-up managers

Peter Jakubicka, Circle Partners

Growth is driven by Incubator and Approved Funds

Circle Partners is an independent fund administrator with offices in the BVI, Cayman Islands, and across the EU, the Americas and Hong Kong.  "We've seen a lot of growth in new BVI fund vehicles over the last 12 months – both the Incubator Fund and the more popular Approved Fund,"

James Williams, Hedgeweek

Incubator Fund could provide long-term growth trajectory

"We see the funds industry as continuing to contribute to the overall offering of financial services. There remains good interest in the BVI product and we envisage that will continue," asserts Glenford Malone, Director, Investment Business Division, BVI Financial Services Commission, when asked to comment on the growth of the

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