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Satuit Karen Maguire

Satuit selects CenturyLink as its hosting partner

Satuit Technologies, a provider of software solutions for the professional investment market, has partnered with CenturyLink to offer cloud-based hosting of its SatuitCRM and SatuitCRA software. As part of this change, database infrastructure will be upgraded to SQL 2012.   In addition to allowing Satuit to upgrade the infrastructure and

East Capital Explorer takes full control of investment management

East Capital Explorer is to terminate its investment agreement with East Capital and become an independent investment company. East Capital Explorer is acquiring East Capital’s shares, representing 96 per cent of the formerly jointly owned holding company.   The compensation for the control shares and certain other obligations amounts to

Handshake 2

FAB Partners to acquire CIFC for USD333m in cash

An affiliate of alternative investment platform FAB Partners is to acquire US private debt investment manager CIFC for approximately USD333 million in cash. Under the terms of the merger agreement, CIFC shareholders will be entitled to receive USD11.46 in cash per share – USD11.36 per share as consideration in the

Siris completes Xura acquisition

Affiliates of Siris Capital Group have completed the acquisition of Xura, a provider of digital communications services, in a transaction valued at approximately USD643 million.  The deal, which was initially announced on 23 May, was approved by a majority of Xura's shareholders on 16 August.   In connection with the

Global University Systems acquires Arden University

Global University Systems (GUS) is to acquire Arden University, an online distance and blended learning university with 6,500 students, from US-based Capella Education Company. Aaron Etingen, founder and CEO of GUS, says: “I am pleased to announce Arden University as the newest member of Global University Systems, with its strong

Audax Private Equity sells Laborie Medical Technologies

Audax Private Equity is selling Laborie Medical technologies to Patricia Industries, a part of Investor AB. Headquartered in Mississauga, Ontario, Laborie Medical Technologies is a provider of medical devices for urological, pelvic health and gastrointestinal applications.   The company’s products are used in the diagnosis and treatment of urinary incontinence

BlueSky Mark Sowerby

Blue Sky names new MD as founder Mark Sowerby steps down

A decade after starting Blue Sky Alternative Investments, founder Mark Sowerby will hand over the reins to the company’s current chief operating officer, Robert Shand, on 30 September 2016. Shand has been with Blue Sky since 2010, was promoted to chief operating officer in 2013, and is well known to

Dominic Wheatley, Guernsey Finance

Substance continues to be a key focus for funds sector, says white paper

Substance in the fund management sector, particularly in the context of the Alternative Investment Fund Managers Directive (AIFMD) and Base Erosion and Profit Shifting (BEPS) initiative, is of increasing importance, according to a Guernsey Finance white paper. Investment funds – Why substance is key, written by funds journalist Kirstie Brewer,

Pricoa Capital Group’s private placement portfolio reaches record high

Pricoa Capital Group provided more than USD5.3 billion of private capital in the first half of 2016 to companies and projects globally, increasing its overall portfolio to a record high of approximately USD76 billion in total assets. Pricoa Capital Group is the private placement arm of PGIM, the global investment

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