The UAE Securities and Commodities Authority (ESCA) in Abu Dhabi has granted Apex Fund Services (Abu Dhabi) Ltd a licence to provide fund administration services under the ESCA’s new regulations. The new regulations set out the detailed requirements for the establishment and distribution of UAE domestic funds, and formalises the
Aurora Resurgence, an affiliate of private equity firm Aurora Capital Group, has completed the acquisition of Paris-based Arc International Cookware from the Arc International Group. The deal includes Arc International Cookware’s subsidiaries Arc International Cookware Spain & Portugal, Arc International Cookware Srl and Arc International Cookware Ltd. The company
Lazard Asset Management (LAM) is expanding in the Middle East with a Dubai office. The firm has hired senior professionals, who will provide investment solutions to clients in the Middle East. Farah Foustok will serve as a managing director of LAM and senior executive officer of LAM’s new Dubai
A fund managed by Ashmore Colombia has acquired an 85 per cent interest in Compañía de Desarollo Aeropuerto Eldorado (Codad), the concessionaire of the two runways at El Dorado Airport in Bogotá. The runways have been acquired from Abertis Infraestructuras for a total consideration of COP132bn (approximately USD66m). Codad
Former UK science minister Ian Taylor has been appointed as the chair of the advisory board of venture capital firm Midven’s Rainbow Seed Fund (RSF). Taylor (pictured) was a member of the UK Parliament for 23 years until he stood down in 2010, including serving as science minister from 1994 to
Elysian Capital I has acquired, in conjunction with the company’s management, Wellbeing Software Group, an IT group focused on the provision of software solutions and services to hospitals throughout the UK. The group is formed of three distinct business units, HSS, EuroKing and Apollo, of which HSS is the largest.
By Fiona Le Poidevin – The implementation of AIFMD provides increased reasons to (re)domicile or co-domicile funds in the third country of Guernsey, says Fiona Le Poidevin, Chief Executive of Guernsey Finance. In October, the Alternative Investment Management Association (AIMA), together with EY, published the results of a survey which showed
Verint Systems has completed its acquisition of KANA Software, a portfolio company of Accel-KKR, for USD514.2m in cash. "Accel-KKR was an extraordinary partner to the KANA management team following the acquisition that brought the company private in December 2009," says Mark Duffell, KANA's CEO. "Accel-KKR did what they said they were
Private equity house Key Capital Partners (KCP) has sold food manufacturer TSC Foods to Edward Billington and Son Limited. Scunthorpe-based TSC Foods, which was founded in 1991, produces and supplies chilled and frozen sauces, soups, entrees and dressings to the retail and food service markets. The business developed the
Website building platform BaseKit has secured a further GBP4.5m funding from the Angel CoFund backed by the British Business Bank, alongside existing investment from Eden Ventures, NESTA and Nauta Capital. The additional funding follows a previous investment of GBP10m. George Whitehead, chairman of the Angel CoFund, says: “We are
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