Allocations
Aquila Capital’s newly launched Aquila Renewables Fund III SA (ARF III) has secured a significant amount at first close from a large institutional investor. A high double digit million amount of the capital has already been allocated to operating assets.
The fund, which invests in a diversified portfolio of photovoltaic and wind power plants in Europe, pursues a conservative investment strategy and aims to generate early and stable current yield as well as an attractive overall return. ARF III is suitable for institutional investors who are seeking stable and predictable returns and who wish to diversify their portfolio to include
In this extract from the Preqin Real Estate Spotlight | June 2015, Abbie Smith examines the recent fundraising successes of private real estate funds focused on non-traditional property types, such as medical/healthcare facilities, senior homes, student housing and self-storage.
Fundraising
Preqin’s Real Estate Online contains extensive information on 131 funds which are focused solely on niche property types. Vehicles that solely target niche property have raised USD11.1 billion since 2009 (Fig 1). Fundraising was slower prior to 2013 with USD3.4 billion raised in the period, whereas since the start of 2013, more than double (USD7.7 billion) this amount has
Law firm Ogier has acted as Jersey counsel to a consortium of 60 lenders in relation to Glencore's USD15.25 billion revolving credit facilities.
The deal involved the refinancing of Glencore's existing revolving credit facilities entered into in June 2014, comprising of a new USD8,450,000,000 revolving credit facilities agreement and an amendment to an existing facility, expanding it to USD6,800,000,000. The new facilities will be used for general corporate purposes and included a guarantee from Jersey incorporated parent company Glencore plc. The international law firm Clifford Chance (Russell Wells, Richard Tomlinson, Jay Gavigan and Philip Sealey) acted for the lenders as
Standard & Poor's Ratings Services (S&P) has published its first annual league table for private placement deals in Europe, created in collaboration with Private Placement Monitor (PPM).
The table shows that almost EUR7 billion was raised in private capital for European companies in the last year, through 87 deals. And although French private placements continue to dominate, the market is becoming more pan-European with 47% of the deals coming from other countries.
"ICMA welcomes the publication of this survey by Standard & Poor's Ratings Services and PPM, which estimates that the growing pan-European private placement market, including direct transactions,
Funds managed by Clayton, Dubilier & Rice (CD&R) will be partnering with the management of Motor Fuel Group (MFG) to acquire the Company from Patron Capital Partners in a transaction valued at approximately GBP500 million.
The transaction is expected to close in July, subject to customary regulatory approvals.
MFG, acquired by Patron in 2011, is the number two independent petrol and convenience retailer in the UK. Through a series of strategic acquisitions, Patron and MFG management have grown the Company from 48 sites in 2011 to a current total of 373 sites, in addition to operating a dealer network of
Last week US Treasury bond and German bund yields spiked, both hitting a new 2015 high. On Thursday, 10-year German rates reached 1.0% before losing ground later in the day. Intraday volatility reached record highs and according to hedge fund managers, the main driver behind the moves in the fixed income markets is the lack of liquidity. Brokers and dealers hold a small and shrinking percentage of the Treasury market.
BlackFin Capital-backed NeoXam, a provider of front, middle and back office software solutions dedicated to asset managers, asset owners and securities servicing platforms, has acquired SmartCo, an Enterprise Data Management software provider.
The acquisition of SmartCo, which has offices in Paris, Zurich and Boston allows NeoXam to broaden its product offering, to strengthen its R&D capabilities, and to expand its footprint in the UK, Germany and North America. This acquisition follows NeoXam’s investments in Nexfi and Density. SmartCo’s DataHub enables asset management companies, investment banks, and security services providers to collect, verify, revise and deliver financial data from multiple sources
Pioneer Underwriting Limited has launched its Zero Capital AIFMD Investment Management Insurance Policy enabling full capital relief from the 'other funds' provision of the Alternative Investment Fund Managers Directive (AIFMD).
Current policies which meet the requirements of the directive, do not typically address the requirement that the policy excess be held as additional capital. Pioneer’s Zero Capital AIFMD Investment Management Insurance Policy, solves this problem by affording a nil excess for the first loss, requiring no additional capital to be held at the outset of the policy.
Richard Coello Head of Financial Institutions Underwriting at Pioneer, says: "I’m pleased
Brandtone has successfully raised EUR18.5 million in debt and equity financing.
US-based Ares Capital Corporation is providing approximately EUR12 million, with existing Brandtone shareholders Unilever, Syngenta, Verlinvest and Vision Private Equity providing a further EUR6.5 million collectively in equity.
The new funding will be used as working capital to support Brandtone’s immediate expansion into South East Asia and further expansion in Africa and Latin America.
It will also support the company’s entry in to new sectors, including the agri-food and healthcare, and enable it to invest in the leadership and innovation necessary to ensure its offering continues to
Noerr has advised Alteri Investors on the financing of the Basler Fashion Group.
Alteri, a joint venture funded by the private equity fund Apollo specialising in debt and equity financing in the retail industry, provided Basler Fashion GmbH with a working capital loan. Basler was previously taken over by the financial investor Tempus Capital.
Tempus Capital acquired the shares in Basler from a two-way trust into which the shares had been contributed at the prompting of a banking consortium led by Commerzbank. Prior to the acquisition, Tempus had taken over loan liabilities of the fashion group of ca. 80
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
