Allocations
Law firm Howard Kennedy has advised Impressario Festivals on the sale of its four festivals – Rewind, Boardmasters, Field Day and SouthWestFour – to media and entertainment group Global.
The sale of the four festivals was completed in early October 2016 and will effectively double shareholder value for the original investors in the company.
Impressario will continue to provide strategic and management advice to the festival operators until April 2017.
Howard Kennedy worked with the team to establish Impressario in 2013, which raised some GBP9 million under the Enterprise Investment Scheme. In 2013, Howard Kennedy also helped Impressario
Widespread delays to fund launches across Europe immediately followed the UK’s vote to leave the European Union, yet the outlook for the private equity (PE) industry remains optimistic, according to research by offshore law firm Mourant Ozannes.
The research, which targeted over 260 limited and general partners across the world, also reveals that PE professionals expect an increase in UK-based institutional investment, compared to the EU, post-Brexit.
Ben Robins (pictured), Jersey-based funds partner at Mourant Ozannes, says: "It seems that there are hopes for some relief from AIFMD regulation post-Brexit when the UK is outside the EU. Almost 100
Limerston Capital’s debut fund has made its second investment with the acquisition of AdviserPlus, a UK-based provider of HR advisory solutions employing 300 employees.
Working with large organisations and FTSE 100 companies, AdviserPlus enables its clients to optimise people performance and business results.
AdviserPlus delivers a range of managed HR solutions – from outsourced HR advice, coaching and case management services for line managers, to HR technology solutions that support the delivery of HR services.
Solutions include data analytics and business insights to enable improved corporate governance, performance and strategic planning.
AdviserPlus’ client base includes UK public
Venture capital firm Scottish Equity Partners (SEP) has raised GBP260 million for its fund SEP V.
SEP V, which is one of the largest venture capital funds raised in Europe this year, was over-subscribed and closed above target.
It will be invested in high growth technology and technology-enabled companies based mainly in the UK and Ireland, although investments in companies in other European countries will also be considered.
Investors in previous SEP funds account for almost 90 per cent of commitments to the new fund, endorsing its strong investment track record and reputation. UK investors account for approximately 40
CACEIS offers private equity fund managers bridge financing solutions that allow them to delay the process of collecting capital commitments from investors, thereby enhancing the internal rate of return of the fund.
In such an arrangement, CACEIS provides Equity Bridge Financing to the manager – essentially a guaranteed line of credit – whereby the financing arrangement is agreed not on the asset but on the uncalled capital commitment from high quality investors.
"In other words, it is financing on the liability side of the fund rather than the asset side of the fund," comments Nicolas Palate, Head of Private Equity and
Capital Springboard, a peer-to-peer invoice financing platform, has launched the Pentad Capital Springboard Class for accredited investors in Singapore, through its partnership with Centurion Portfolio Managers.
The fund provides exposure to Capital Springboard’s platform, which has transacted over SGD110 million on its platform since its pilot testing phase, via a Cayman administered fund structure.
“The feedback we have been receiving from investors and SMEs have been extremely encouraging. Investors are continually searching for yield and we’ve provided them a platform that not only provides quality investment but one that diversifies risk across their investment portfolio,” says Roger Crook, CEO
Noerr has advised the financing bank consortium on the acquisition of a majority stake in Betten Duscher by the investment company Odewald KMU.
DZ Bank, Bremer Kreditbank and BHF-Bank belong to the consortium.
Odenwald has acquired the company within the scope of a succession arrangement regarding the new fund Odewald KMU II.
The vendors are the shareholders of Betten Duscher, a manufacturer of bed linen and household textiles from Roding in Bavaria. The shareholders remain linked to the company via a management participation and a continuing interest.
With respect to the transaction financing, the banks relied on
Pemberton, which is 40 per cent owned by Legal & General Capital (LGC), has completed the final close of its inaugural European Mid-Market Debt Fund with EUR1.2 billion of commitments.
Paul Stanworth (pictured), managing director of Legal & General Capital, says: “Reaching well over EUR1 billion of commitments from institutions across the globe is a fantastic achievement by the Pemberton team. With such significant amounts of capital raised and more to come through the dedicated UK fund, Pemberton is building with Legal & General Capital’s support a substantial platform from which to boost lending to businesses, domestically and across Europe,
CF Holding (CFH), a portfolio company of Alpina Partners, has acquired the operations of CrossLink Faserverbundtechnik as part of an asset deal.
CrossLink is an engineering and manufacturing business based in Cadolzburg near Nuremberg, Germany.
The company engages in the design, development and production of lightweight composite components.
Its customer base covers various industries, including medical technology, mechanical engineering, automotive as well as security and safety.
CFH is an industrial holding company focusing on the acquisition and development of medium-sized technology companies. In addition to CrossLink, CFH holds a majority stake in UBC, a company in the
Gemspring Capital, a Connecticut-based private equity firm specialising in lower middle market companies, has held the final closing of its debut fund, Gemspring Capital Fund I, with USD350 million of capital commitments.
The fund was oversubscribed and closed at its hard cap in less than three months after the official launch in August.
Gemspring secured commitments from a globally diversified investor base comprised of leading endowments, foundations, family offices, gatekeepers, pension plans and fund of funds.
“We could not be more pleased with the support and quality of our investors and the efficiency of the fundraising process,” says
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
