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European flags

Citi’s securities and fund depositary services now AIFMD-ready in key European domiciles

The Alternative Investment Fund Management Directive (AIFMD) rules affect fund remuneration practices, marketing guidelines, documentation and reporting, and the requirement for alternative investment fund managers to appoint a depositary.   Citi’s Depositary Services is ready to assist fund managers in their compliance with the new responsibilities demanded under the AIFMD.

Roark Capital Group acquires Miller’s Ale House

An affiliate of Atlanta-based private equity firm Roark Capital Group has acquired the 65 unit Miller’s Ale House, a growing casual dining restaurant chain with approximately USD300m in system-wide sales, from Jack Miller and SKM Equity Fund III.    This investment is Roark’s 26th multi-unit company, 13th restaurant brand, and second

Beacon Equity Partners sells Anaqua and SGA2 SAS to Insight Venture Partners

Private equity firm Beacon Equity Partners has completed the sale of Anaqua and SGA2 SAS to Insight Venture Partners.   Beacon founded Anaqua, a provider of intellectual property software, in 2005.   “Eight years ago, we recognised what Anaqua could one day become. Today, thanks to the hard work and

Survey

AIFMD will reduce choice and increase costs for managers and investors, says survey

Research by BNY Mellon points to significant uncertainty about the requirements of the Alternative Investment Fund Managers Directive (AIFMD), despite Monday’s first deadline for authorisation. BNY Mellon surveyed 70 respondents from Europe, Asia, the US and Latin America from companies with an accumulated total of over USDD5trn assets under management.

Alternative UCITS 2013

Hedgeweek Special Report: Alternative UCITS 2013

By the end of Q1 2013 total assets in the alternative UCITS space advanced by 29 per cent year-on-year to EUR155billion. But this is still a small share of total UCITS AuM of around EUR6.6trillion. With performance picking up, even as regulation tightens, the experts believe there is plenty of

Evercore appoints Keith Magnus as senior MD to launch Singapore office

Keith Magnus has agreed to join the Evercore’s investment banking business as a senior managing director.   He will establish the firm’s office in Singapore and, as chief executive officer of Evercore’s business there, will focus on providing strategic, merger and acquisitions and capital markets advice to companies in Singapore

BNP Paribas ready to help clients transition to AIFMD compliance

BNP Paribas is now ready for the transition of its asset manager and asset owner clients to meet the requirements of the Alternative Investment Fund Management Directive (AIFMD), which came into effect on 22 July.   Philippe Ricard, global head of AFS products, says: “BNP Paribas Securities Services has significantly

Wynyard Group acquires customer contracts and IP of MHA Gateway

Wynyard Group has secured the customer contracts and exclusive rights and intellectual property of the MHA Gateway service, an online anti-financial crime resource, for an undisclosed sum.   The acquisition is in line with Wynyard’s strategy of growing its global customer base, and will further enhance Wynyard’s financial crime offering.

UK flag

UK surrenders lead to France in European venture deals over USD5m

While the seed funding of early-stage European start-ups is healthy, there is a scarcity of follow-on capital for later-stage businesses, according to figures released by DFJ Esprit and Go4Venture Advisers.   The data, compiled from the latest Dow Jones VentureSource figures, also reveals that the UK, which remains the top

Arthurian Life Sciences Fund arranges GBP13.8m ReNeuron tuning commitment

Arthurian Life Sciences Limited, manager of the new GBP100m Wales Life Sciences Investment Fund, has arranged a GBP13.8m funding commitment from the Welsh Government to enable ReNeuron to relocate to Wales and continue to grow the stem cell R&D, clinical trials and manufacturing base of the company.     The

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