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Intelligence

Dr BR Shetty teams up with Centurion for Travelex deal

Entrepreneur and philanthropist Dr BR Shetty is teaming up with equity partners associated with UAE investment firm Centurion Investments to acquire Travelex from Apax Partners. Following completion of the transaction Lloyd Dorfman will be founder and president of Travelex and remain a shareholder. Peter Jackson, chief executive officer of Travelex, together

Clearstream issues monitoring report to help depositary banks comply with AIFMD

Clearstream has issued the Domestic Markets Monitoring Report to support depositary banks in managing their new obligations as stipulated by the Alternative Investment Fund Manager Directive (AIFMD). AIFMD enters into force on 22 July 2014, imposing tight restrictions on the regulation and supervision of AIFMs to ensure greater market transparency

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Senior promotion and two senior hires at Ogier Fiduciary Services in Jersey

Ogier Fiduciary Services in Jersey has promoted Charles Le Cornu to director and appointed two new directors, Simon King and Jon Barratt, to the funds and real estate teams respectively. Le Cornu joined Ogier in 2006 and has 10 years’ experience in the offshore financial services industry specialising in investment

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Auda opens Shanghai office

Private equity investment firm Auda has opened an office in Shanghai and appointed Jacob Chiu as a managing director and head of the firm’s Asian business. Shanghai will be the fifth office for Auda worldwide and the firm’s second in Asia.   Auda has had an office in Hong Kong

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Altium advises on Stroma MBO

The Manchester office of mid-market private equity house LDC has backed the management buyout of Stroma, in a deal led by mid-market financial advisory group Altium. The value of the deal has not been disclosed.   Based in Castleford, Stroma was established in 2002 by Matt Ferguson, Rob Coxon and

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Lynx Equity acquires Winfield Wood & Lath Limited

Lynx Equity Limited has acquired Winfield Wood & Lath Limited, a British Columbia-based sawmill and lumber wholesaler. Winfield joins Lynx’ expanding portfolio of over 30 companies as the first Western Canadian acquisition.   As it shifts its focus away from primarily Ontario-based acquisitions, Lynx has opened its second Canadian office,

Bowmark and Five Arrows acquire Autodata

Private equity house Bowmark Capital and the private equity fund of the Rothschild Group, Five Arrows Principal Investments, have acquired Autodata Publishing Group for a reported enterprise value of GBP143 million. Livingstone advised the shareholders of Autodata on the transaction.   Autodata, founded in 1975 by Richard Atherton and Dietmar

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Crescent Capital Group loses managing director amid European fundraising

Steven Novick has left Crescent Capital Group to start a new retail business based in London, according to his LinkedIn page. Until April Novick was a managing director at Crescent and head of Europe, Middle East, Africa and Asia Pacific business development and investor relations for the credit investment firm, based in

HarbourVest granted AIFM authorisation

HarbourVest Partners (Europe) Limited has been authorised by the UK’s Financial Conduct Authority (FCA) as an alternative investment fund manager (AIFM). The Alternative Investment Fund Manager Directive (AIFMD) entered into force on 22 July 2013 and covers the management, administration and marketing of alternative investment funds within the European Economic

Bedell Cristin acts for Artex in insurance acquisition

Bedell Cristin in Guernsey has acted for Artex Risk Solutions in its acquisition of Heritage Insurance Management, the specialist captive and insurance management arm of Guernsey-headquartered Heritage Group. Artex Risk Solutions provides a range of captive insurance solutions and alternative risk financing options for clients based primarily in the US

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