Allocations
French asset management firm Amundi is launching a single platform designed to bring its real and alternative assets under one entity and drive its aim of becoming one of the leading alternative asset managers in Europe.
The firm writes that real estate, private debt, private equity, infrastructure and alternative multi-management are now all part of an integrated business, bringing together 200 investment professionals in origination, structuring and management, responsible for EUR34 billion in assets (as at 30th June 2016). Amundi aims to double its funds under management in real and alternative assets by 2020.
Amundi’s reports that its track
Acorn Growth Companies, a private equity firm investing exclusively in aerospace and defence, has acquired Seattle-headquartered Raisbeck Engineering.
Founded in 1982 by aeronautical engineer and entrepreneur James D Raisbeck, Raisbeck Engineering develops, markets and manufactures worldwide-certified performance improvement systems for some of the most prolific commercial and general aviation aircraft models.
"Thanks to James Raisbeck's vision and the dedication of his team, Raisbeck Engineering is one of the most prominent names in the aviation community, with an exceptional reputation for its innovative contributions to the industry," says Rick Nagel, managing partner of Acorn Growth Companies. "We have a common
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has been named the Best North American Cloud Services Provider in the Hedgeweek USA Awards 2016.
The awards, which celebrate the achievements of the best performing managers and service providers in the US hedge funds industry, are unique in that they are based on a peer review system.
The winners were determined by the votes of Hedgeweek's subscribers, who include institutional investors, wealth managers, fund managers and other industry professionals at firms including fund administrators, prime brokers, custodians, law firms, custodians and advisers.
One of the largest venture capital investors in the UK, Albion Ventures, is to acquire GBP490 million OLIM Investment Managers from Close Brothers Group.
OLIM is a fund manager specialising in UK quoted equities with a particular focus on charities, for which it manages GBP240 million, and in investment and other trusts (GBP170 million) and private clients (GBP80 million). The business was founded in 1986 and has been part of the Close Brothers Group since 2000. Angela Lascelles, the joint founder, will remain Chief Executive of OLIM and the existing investment management team will continue to manage its range of
Maples Fund Services, a division of MaplesFS and an independent global fund services provider, is celebrating the 10th anniversary of the opening of its Hong Kong office.
Commencing operations in Hong Kong in 2006, Maples Fund Services provides accounting, middle office, risk reporting and administration services to a client base which includes investment management firms, institutional investors, pension plans and global financial institutions.
Eastern Fong, regional hedge of fund services – Asia, has overall responsibility for the business operations of Maples Fund Services in the Asia Pacific region. Having joined the firm in 2006, he has played a crucial
Equistone Partners Europe, a European investor in mid-market buyouts, has acquired a majority stake in D3T Distribution, the holding company of Motoblouz and Access-Moto, from Inspirational Stores for an undisclosed sum.
Following the deal, Motoblouz’s co-founder and CEO Thomas Thumerelle will continue in his current role.
Founded in 2004 and headquartered near Lille, France, Motoblouz has grown to become the leading online retailer of motorcycle accessories and clothing in the French market. For the business year 2015/2016 the company reported sales of approximately EUR38 million, representing an increase over the prior year of almost 30 per cent.
Motoblouz
Primonial REIM has acquired Gecina’s healthcare division, Gecimed portfolio.
Clearwater International advised Primonial REIM on the strategic and financial analysis of the portfolio, raising the equity and debt, the organisation of due diligences and negotiations with the seller.
Primonial REIM acted for a club deal, gathering several institutional investors.
The portfolio includes 74 clinics and nursing homes for a total of 8,400 beds, valued at circa EUR1.35 billion, which reflects a net yield of 5.9 per cent.
Primonial REIM is one of the main real estate investors in the French market with EUR2 billion invested in 2015;
Aurelius Rho Invest is to acquire the European business activities of the US-based Office Depot.
Once the consultation processes with various employee representative bodies at the Office Depot Group in France have been concluded, the seller will be able to conclude an already negotiated purchase agreement.
The two parties have agreed on exclusivity during this period. The transaction, which is subject to the approval of the relevant anti-trust authorities and further closing conditions, is scheduled for completion in the next few months.
Office Depot Europe, which operates in 14 countries across Europe and has approximately 6,500 employees, has
D’Ieteren is to acquire a 41 per cent stake in Milan-listed Moleskine from reference shareholders Appunti (Syntegra Capital) and Pentavest (Index Ventures), at EUR2.40 per share, valuing the company equity at EUR506 million.
After closing of the acquisition, which is subject to German anti-trust clearance, D’Ieteren will launch an unconditional mandatory takeover offer on the remaining shares at the same price (EUR2.40 per share) with no minimum threshold of ownership in the course of Q4 2016.
If the applicable threshold is reached, D’Ieteren intends to delist Moleskine from the Milan stock exchange. This remaining investment will be financed through
Listed private equity (LPE) funds have been trading at wide discounts to net asset value of more than 20 per cent, despite good investment performance over the last five years, according to research by international equity research and investor relations firm, Edison.
The first in Edison's series of in-depth reports on the LPE sector, examining key opportunities and issues for investors, reveals that recent corporate activity underpins a potential value case, with the market starting to understand the mis-match between low LPE valuations and strong investment performance.
The report highlights that LPE funds are easily accessible and open up
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