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Intelligence

Buddy Media closes USD23m funding led by Institutional Venture Partners

Buddy Media, a Facebook management system for advertisers, has raised USD23m in series C funding to fuel its growth. Institutional Venture Partners led the new round and was joined by existing Buddy Media investors including Softbank Capital, Greycroft Partners and Bay Partners.   The Buddy Media investment is the first

Great Wall of China

New Chinese rules to permit foreign investors in domestic private equity market

New Chinese investment rules greatly expand investment opportunities in China for foreign investors and also allow for additional sources of capital for RMB-denominated funds, says law firm Debevoise & Plimpton.  Until now, sponsors raising RMB-denominated funds have practically been required to raise capital solely from Chinese investors. New proposed rules

Tax

Efama expresses concerns over financial services tax

The European Fund and Asset Management Association says it is very concerned about the European Commission’s financial services tax proposals. It considers that the policy reasons advanced by the Commission are seriously flawed in the case of the funds industry. For example, there is no acknowledgement of the fact that

Samer Cortas joins Vision Capital

Investment firm Vision Capital has appointed Samer Cortas as principal.  Cortas has over 12 years’ experience in leveraged finance.  Cortas previously worked in the debt advisory and financial restructuring group of Houlihan Lokey in London.  Prior to this, Cortas was an executive director and founding member of the debt advisory

Matrix Chris Merry

Matrix names group head of compliance and assurance

Matrix Group, the privately owned UK financial services business, has appointed Simon Elvidge as group head of compliance and assurance. Elvidge, who has over 20 years’ experience in senior compliance and control function roles, joins from Numis Securities where he was head of compliance and managed the compliance teams in

General Atlantic appoints head of global financial services sector

General Atlantic, a growth equity firm, has named Hans Morris, former president of Visa and a special adviser for GA over the last year, as managing director and head of GA’s global financial services sector. William E. Ford, chief executive officer of General Atlantic, says: “We know Hans well and

Jan Amethier to join Handelsbanken Capital Markets

Jan Amethier has been appointed head of corporate finance at Handelsbanken Capital Markets. Jan Amethier has been appointed head of corporate finance at Handelsbanken Capital Markets. Amethier has spent 12 years at JP Morgan in London where his positions have included head of Nordic investment banking. He was also co-head

Temple Bright advises Anthem on magazine acquisition

Bristol law firm Temple Bright has acted for Bath based Anthem Publishing on its acquisition from IPC Media of Guitar & Bass magazine.  Jonathan Poole led the deal with James Howell giving specialist employment advice.  City firm Herbert Smith acted for IPC.    Anthem’s managing director Jon Bickley says: “We

Former CIT credit chief Algis Vaitonis joins Third Eye Capital

Third Eye Capital, a Toronto-based investor in privately-negotiated secured loans, has named Algis Vaitonis as its new senior vice president and head of operations. Vaitonis brings with him more than 20 years of lending and risk management experience, serving most recently as chief credit officer at CIT Group in Canada

Hewitt EnnisKnupp hires head of global private equity

Hewitt EnnisKnupp, an Aon Hewitt company, has hired Karen Rode as the leader of its global private equity group. In this role, Rode will be responsible for leading a team of professionals that help Hewitt EnnisKnupp’s clients build global private equity programmes. Rode has nearly 20 years’ experience in the

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