Allocations
Nordea and AlpInvest have launched a new co-investment fund programme starting with a new EUR200 million fund – NPE Direct.
It is anticipated that the size of the programme may expand to up to EUR400 million. The fund will source co-investment deals from both the Nordea and AlpInvest private equity platforms. The fund sponsors are Nordea Life & Pensions, Nordea Asset Management’s private equity programme and other institutional investors.
“I’m very pleased to announce our new co-investment fund programme that we have established to further support and strengthen the private equity relationships we have developed over the last two
Unigestion has successfully completed the final close of Unigestion Direct Opportunities 2015 (UDO 2015). The fund closed at EUR255 million, comfortably in excess of its original EUR200 million target.
The final close of UDO 2015 was achieved by attracting strong investor support from both new and existing clients including insurers, pension funds, banks and family offices across the UK, mainland Europe and Asia.
Unigestion has already completed four transactions for the fund and continues to operate its successful investment strategy of focusing on small and mid-sized private companies globally. The firm targets investments in companies where growth is driven
Independent investment bank Zeus Capital has supported two major IPOs in consecutive days on the London Stock Exchange’s Alternative Investment Market (AIM).
Global Yachting Group (GYG) was admitted to the market this morning, with asset management firm Tatton Asset Management scheduled to join AIM tomorrow. Zeus Capital acted as nominated adviser (NOMAD) and sole broker on both transactions.
GYG is a global, market-leading painting, supply and maintenance company, operating exclusively with superyacht owners and suppliers for boats in excess of 40m in length.
The business, headquartered in Palma, Mallorca, employs 472 people within its operations throughout the United
Pan-European private equity firm IK Investment Partners’ (IK) IK Small Cap I Fund is to acquire a minority stake in Third Bridge, a primary research provider. Financial terms of the transaction have not been disclosed.
Third Bridge provides its clients with insights into companies and markets through access to industry experts and market research. Serving a client base of over 300 customers, including private equity funds, consulting firms, hedge funds and corporates, Third Bridge has a global footprint, with six offices covering America, Asia and Europe. Since inception in 2007, the Company has doubled its turnover every two years, and
The Local Pensions Partnership (LPP) has launched a new Global Infrastructure Fund which is expected to have total committed capital in excess of GBP1.5 billion following its final close in September 2017.
The Fund, which has launched with committed capital of GBP688 million, brings together the infrastructure assets of LPP’s two shareholder pension schemes, the Lancashire County Pension Fund (LCPF) and the London Pensions Fund Authority (LPFA), under the management of Local Pensions Partnership Investments Ltd (LPP I), the FCA-authorised Alternative Investment Fund Manager (AIFM) of LPP.
The Fund will seek to gain cost-effective, diversified exposure to global infrastructure
Boyd Group Income Fund has, through a subsidiary company, closed the acquisition of the assets and business of Assured Automotive Inc. and related entities which was previously announced on 29 May, 2017.
The total consideration for the transaction is approximately USD193.6 million, subject to closing and post-closing adjustments, and was funded through USD146.1 million in cash and USD47.5 million in Boyd Group Income Fund units priced at USD88.31 per unit. The acquisition is expected to be immediately accretive to the Fund’s earnings and distributable cash.
“The addition of Assured significantly increases our number of collision repair centres, and also
The Russian Direct Investment Fund (RDIF) and China Development Bank (CDB) are to set up the China-Russia RMB Investment Cooperation Fund.
A Memorandum of Understanding has been signed by the executives of the RDIF and CDB during the Russia-China negotiations in Moscow. It was attended by Vladimir Putin, the leader of the Russian Federation, and Xi Jinping, the leader of the People’s Republic of China.
China-Russia RMB Investment Cooperation Fund is expected to facilitate the establishment of a simplified framework for direct investments with settlements in national currencies. The investments will be total RMB 68bn (USD10bn equivalent). The investment
Theva, a German manufacturer of superconductors, has raised additional capital totalling EUR7 million in its third funding round which saw the corporate venture capital arm of utility EnBW join existing investors eCAPITAL, Bayern Kapital, Target Partners and BayBG Bayerische Beteiligungsgesellschaft.
“We are the first company in Germany to mass produce superconductors. And we also want to be number one in market penetration. Thanks to our investors we continue to have a reliable financial basis for this,” says Theva CEO Dr. Werner Prusseit. The previous financing round was just a year ago. Since then Theva has continuously improved its processes, and
Lorne Park Capital Partners has signed a letter of intent (LOI) to purchase all of the outstanding securities of Crestridge Asset Management (Crestridge), an independent portfolio manager based in Toronto.
Crestridge provides discretionary investment management and wealth management services for individuals, trusts and foundations with clients across Canada. As of 31 May, 2017, Crestridge had approximately CAD120 million in assets under management.
“We are confident that we have found a new partner in Crestridge that shares similar perspectives on investment management and a commitment to delivering tailored investment solutions to affluent families,” says Robert Sewell, (pictured), Chief Executive Officer
Seedcoin, a subsidiary of Coinsilium Group, an accelerator that finances and manages the development of early-stage blockchain technology companies, is to sell its entire holding of 2,133 shares in investee company SatoshiPay Ltd at the price of EUR340 per share for a total consideration in cash of EUR725,220 to Blue Star Capital Plc.
The deal represents an increase of 362.6 per cent on the price paid for the shares in 2015.
The disposal is conditional on Blue Star raising approximately GBP650,000 through a proposed placing, which will be used together with Blue Star’s existing cash resources to satisfy the
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
