Allocations
The capital markets team at leading audit, tax and consulting firm RSM has acted on deals totalling over GBP1 billion in 2017 – highlighting a strong year and an uplift in activity across the practice.
RSM has advised on a range of high-profile deals including the GBP200 million AIM IPO of the omni-channel women’s fast fashion brand, Quiz Plc; the GBP250 million IPO of PRS REIT plc; and the GBP50m AIM IPO of Keystone Law Group. The team has completed 12 transactions across the Main Market and AIM in 2017, with a total value of GBP1.06 billion.
Diane Craig,
LRI Group, an independent investment services company, has added six new managers to its UCITS Platform, forecasting approximately EUR12 billion in Assets under Management (AuM) in 2017.
Markets in 2017 have remained volatile and uncertain due to major changes affecting the institutional and alternative management industry, however LRI Group believes that there are still plenty of attractive opportunities for managers during such turbulent times.
The growing appetite of LRI Group’s fund business emerged from an increase in global asset management clients and in particular a stronger global distribution network of investors and asset managers. In addition to the total
AnaCap Financial Partners (AnaCap), a specialist European financial services private equity firm, has sold First Names Group, a leading independent provider of trust, corporate, real estate and fund administration services worldwide.
The buyer is SGG Group, a leading multi-jurisdictional provider of financial services, backed by Astorg Partners, the European investment firm. Completion of the sale which is subject to regulatory approval, secures AnaCap a 2.6x return on its investment.
First Names Group works closely with client and professional advisers to establish and administer a range of internationally structured solutions, including trusts, companies and foundations, as well as providing fund
The Alternative Investment Management Association (AIMA), the global representative of alternative investment managers, has signed a Memorandum of Understanding (MoU) with the Insurance Asset Management Association of China (IAMAC), a self-regulatory organisation for China’s national insurance asset management industry.
AIMA and IAMAC signed an agreement in Beijing that outlines areas of cooperation and collaboration, including educational programmes and joint events. The MoU further strengthens AIMA’s presence in China and its relationships with China’s asset management industry and its regulators.
In 2014, AIMA signed an MoU with the Asset Management Association of China (AMAC), the self-regulatory organisation for Chinese fund
IK Investment Partners (IK) is to acquire Optimum Group, a European printing and labelling company. Financial terms of the transaction, which is subject to regulatory approval, have not been disclosed.
Optimum Group is a printer of self-adhesive labels, banding and shrink sleeves, primarily serving the food and retail market. The Group operates through five printing facilities, of which four in the Netherlands and one in Belgium.
Optimum is active in the faster-growing segments within the Benelux labelling market, which is estimated to be worth approximately EUR700 million. In particular, the Group focuses on the food labelling market, which has grown by over 5
Law firm Paul Hastings is advising a consortium led by NJJ Telecom Europe (NJJ) on the acquisition of a majority of eir, the Irish telecommunications and broadband business. eir had revenue of EUR1.32 billion, and earnings before interest, taxation, depreciation and amortisation of EUR520 million, in the financial year to June 30, 2017.
The deal, which is subject to regulatory approval, is expected to close in the second quarter of 2018.
NJJ which will own 32.9 per cent and is the investment vehicle of Xavier Niel, one of France’s most prominent business leaders and an investor in telecommunications and
ROVOP Limited (Rovop) an independent operator of underwater remotely operated vehicles (ROVs), is to immediately increase its fleet by 50 per cent to meet ongoing customer demand following a funding boost of GBP56 million.
Blue Water Energy (BWE) and BGF have jointly committed to the funding which underpins ROVOP’s ambitious future growth plans including the creation of potentially up to 80 jobs.
Rovop, which has bases in Aberdeen and Houston, employs more than 180 people in onshore and offshore roles, and operates 16 of the world’s most advanced ROVs.
The funding has enabled the company to increase its
The Montreux Healthcare Fund is selling its primary asset, The Regard Group, to AMP Capital, a specialist investment manager.
The Regard Group, which offers industry-leading specialist care for adults with learning disabilities and mental health issues, operates an efficient business with industry leading care quality ratings and occupancy.
The Montreux Healthcare Fund, which is advised by Montreux Capital Management (UK), bought The Regard Group with Macquarie Principal Finance three years ago and has subsequently grown the business into a national provider of premier specialist service by bolting on complementary acquisitions, most notably Aitch Care Homes and Adelphi Care. Today,
Carnegie Affiliated Managers (Caram) is to acquire (via its subsidiary Caram Alternative Investments AB) approximately 35 per cent of the equity in Albatris AB (Albatris), with Albatris’ management retaining 65 per cent.
Albatris’ ambition is to be a leading investment company in the Non-Performing Loan (NPL) segment of European alternative credit investments.
Caram’s investment is consistent with its strategy to invest in focused independent firms with strong investment led cultures. The Caram group was founded in 2016 by its majority owner Altor Fund III and is the largest independent asset management group in the Nordics with over EUR23 billion
BIOHM Health, a microbiome company has secured funding from New York based private equity firm Vanterra Capital.
Vanterra’s strategic investment in BIOHM Health emphasises the firm’s growing activity in the health & wellness sectors.
“Vanterra’s investment in BIOHM Health underscores consumer demand for truly innovative products in the microbiome and digestive health space,” says BIOHM Health CEO Afif Ghannoum. “Vanterra has a keen understanding of the health & wellness market and BIOHM Health is on the forefront of applying cutting-edge microbiome research to consumer products. It’s a win-win partnership.”
Vanterra will join the BIOHM Health board along with the
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