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Intelligence

AVCAL welcomes scope of financial system inquiry

AVCAL has welcomed the Australian Federal Government’s inquiry into the country’s financial system.  The association says it is appropriate that the terms of reference allow for a thorough examination of how the financial services industry can best support the continued growth and expansion of the Australian economy.    Yasser El-Ansary (pictured),

Alter Domus appoints Patrick McCullagh as global head of sales

Alter Domus, a global service provider of fund and corporate services, has appointed Patrick McCullagh as global head of sales. In this new role, McCullagh (pictured) will lead a dedicated sales team, working with new clients across Alter Domus’ network of 28 offices and desks.   McCullagh says: “Alter Domus has

Euros

SNS FMO SME Finance Fund secures EUR100m at first close

Zwitserleven, the Spoorweg pensioenfonds and the Pensioenfonds Openbaar Vervoer have made a first deposit in the SNS FMO SME Finance Fund. SNS Impact Investing, part of SNS Asset Management, and the Dutch development bank FMO jointly initiated this fund, which aims to support local SME’s in developing markets.   The

Cordea Savills appoints Jon Crossfield as head of investment mandates

Cordea Savills has appointed Jon Crossfield as head of investment mandates.  As a member of Cordea Savills’ executive committee, Crossfield will be responsible for the firm’s fast growing investment mandate programme targeting institutions, family offices and private equity funds.   Crossfield joins Cordea Savills from Savills, where he spent 10

Roark Capital Group to acquire CKE restaurants from Apollo Global Management

An affiliate of Roark Capital Group has entered into a definitive agreement to acquire a majority stake in CKE Inc with senior management retaining a minority stake. CKE is currently majority-owned and controlled by investment funds affiliated with Apollo Global Management.   Terms of the transaction were not disclosed. The

Bill Prew, founder of INDOS

AIFMD depositary INDOS Financial attracts first clients

INDOS Financial, the only independent AIFMD depositary that has applied to the FCA for authorisation, has agreed provisional contracts with its first clients.  On the basis of its formal FCA authorisation now anticipated to take effect in early December, INDOS has already submitted proposals to over 40 alternative investment managers

Dubai_0

Exclusive Networks acquires Dubai-based Secureway

Exclusive Networks Group has acquired Dubai-based Secureway, a security specialist value added distributor in the Middle East with clients in ten countries in the Gulf region and EUR50m turnover expected in 2013. This operation follows the implementation last September by Omnes Capital and all shareholders of a capital increase of

Waller Capital opens San Francisco office

Waller Capital Partners has opened an office in San Francisco in support of the firm’s continued growth in the technology industry. As part of this expansion, Waller Capital has also appointed Richard Juarez as a managing director to lead coverage in the cloud services and SaaS sectors.   Juarez has

Egeria selects iLEVEL for portfolio monitoring

Dutch private equity firm Egeria has selected the iLEVEL Private Capital Data Platform to automate the process of collecting, storing, analysing and reporting on data across its investments. The Amsterdam-based private equity firm recently closed Egeria Private Equity Fund IV after it was oversubscribed at its EUR600m cap and is

RLG supports management-led buyout of Royal London 360°

The Royal London Group (RLG) has entered into an agreement with funds advised by independent private equity firm Vitruvian Partners to support a management-led buyout of Royal London 360° (RL360°). RLG is confident that the transfer of ownership will enable RL360° to achieve its strategic vision through a further acceleration

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