Allocations
LSQ Funding Group has received USD40 million of capital from Ares Capital Corporation (NASDAQ: ARCC), the largest business development company in the United States.
This USD40 million financing is in addition to the more than USD100 million investment in April led by Lovell Minnick Partners LLC, a private equity firm that specialises in the global financial services industry.
“I’m thrilled that another high-quality institutional investor is supporting our mission to simplify and streamline access to invoice financing for businesses of all sizes,” says LSQ Funding’s CEO and founder Max Eliscu. “We will use this capital to accelerate our plans, reinventing
Great American Capital Partners has led a USD25 million senior secured first-in last-out (FILO) term loan to General Wireless Operations, Inc., doing business as RadioShack.
The term loan is part of a USD75 million financing package that includes a USD50 million asset-based revolving credit facility led by RBC Capital Markets.
Earlier this year, General Wireless, an affiliate of the New York-based investment firm, Standard General LP, acquired certain assets of RadioShack, including more than 1,700 store leases, the RadioShack trademark and other intellectual property. General Wireless intends to rebuild the RadioShack brand around a core product base to be sold
Hedge funds suffered a blow in June, with the Lyxor Hedge Fund Index down 2 per cent. The industry is nonetheless outperforming traditional asset classes in a context in which the correlation between equities and bonds is positive. In June, the MSCI World was down 2.6 per cent and sovereign benchmarks were down on both sides of the Atlantic (the 10-year Bund price is down 2 per cent; 10-year Treasury price down 1.7 per cent).
Private equity firm Tailwind Capital has held the final closing of Tailwind Capital Partners II in excess of its USD750 million target, raising a total of USD1.05 billion of committed capital.
Fund II will pursue the same investment strategy Tailwind has employed since its inception – partnering with leading entrepreneurs and management teams in North America to transform businesses through organic growth initiatives, acquisitions, and operational and strategic improvements. Tailwind’s team of 27 investment professionals and senior operating executives works collaboratively with portfolio company management to build sustainable growth businesses.
Fund II received commitments from existing and new investors, including
The lack of hedge funds’ excess returns since the financial crisis put the industry under rising pressure. In this 12th edition of the White Paper, we review the causes and identify the key hedge fund performance drivers. We put to test these drivers under three long-term macro-economic scenarios. It is reasonable, in our view, to expect hedge funds to deliver an annual excess returns in the 5-6 per cent range above the Libor 3M, with low volatility.
Criticism against the lack of hedge funds outperformance climaxed in 2014. Hedge funds have underperformed traditional asset classes since the financial crisis. Despite
Euronext posted its strongest six-month trading volume performance since the end of 2011 in the first six months of 2015, supported by favourable economic conditions.
The June 2015 average daily transaction value on the Euronext cash order book stood at EUR9,202 million (+54 per cent compared with June 2014). Activity on ETFs remained particularly dynamic last month with an average daily transaction value at EUR587 million, up 106 per cent compared to June 2014.
Cash markets saw a material increase in trading activity across the first half of 2015, with an average daily transaction value for the period up
Amadeus is to acquire Navitaire, a wholly owned subsidiary of Accenture and a provider of technology and business solutions to the airline industry, for USD830 million.
Navitaire, which focuses on the low-cost and hybrid-carrier segments of the airline industry and has a global customer base of more than 50 operators, provides revenue-generation and cost-streamlining solutions in the areas of reservations, ancillary sales, loyalty, revenue management, revenue accounting and business intelligence.
The addition of Navitaire’s portfolio of products and solutions for the low-cost segment will complement Amadeus’ Altéa suite of offerings for its largely full-service carrier customer base, giving the
Wool Overs, the online and mail order knitwear retailer, has been acquired by private equity firm Langholm Capital. Clearwater International advised the founders of Wool Overs, Mark and Clare Shenton, on the sale.
Founded by Mark and Clare in 1989, Wool Overs has developed from a business selling cable-knit sweaters at country shows, to an international online retailer selling over 150 different styles of jumpers, sweaters and cardigans.
Based in West Sussex, the business has been recognised as a ‘Fast Track 100 Ones to Watch’ –with turnover increasing by 25% in each of the last two years. One third of
Private equity firm Permira has successfully completed the acquisition of Medora Snacks (Medora) and Ideal Snacks Holding Corporation (Ideal).
As of the closing, the Permira funds combined Medora and Ideal under a holding company called BFY Holdings I.
With the backing of the Permira funds, BFY Holdings will be well-positioned to create a global, diversified, better-for-you snack company, directly addressing the growing consumer trends toward healthier living and eating. By expanding brand awareness and distribution of existing products, including PopCorners®, and introducing innovative, new products, the company plans to transition from its better-for-you snack manufacturing heritage to a global,
JTC has added significantly to its global fund servicing capabilities with the major acquisition of Kleinwort Benson’s Fund Administration business in the Channel Islands and South Africa.
The transaction, which relates to the whole of Kleinwort Benson’s Fund Administration business in Guernsey, Jersey and South Africa, will give JTC its first permanent presence in South Africa, grow its global headcount by 40 per cent to a total of around 450, and augment its existing strengths across the alternative investment fund spectrum, including the private equity, debt and real estate asset classes.
Upon completion of the deal, the new business will
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
