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Announcement
Alter Domus, a provider of fund and corporate services to private equity and real estate firms, multinationals, private clients and private debt managers, has launched a new Regulatory and Compliance Service.  This new service was created in response to the growing needs of our clients in managing the growing complexity in legislation and compliance requirements from international regulators.  Laurent Vanderweyen, CEO of Alter Domus, says: “Assisting our clients to face these new challenges, notably in the areas of Know Your Client, FATCA and AIFMD Reporting, is critical to them as they focus on their own core business. Alter Domus has
Document signing
Trina Solar Limited has signed a framework investment agreement with PingAn Trust Co and Jiangsu Jiuzhou Investment Group to jointly develop selected photovoltaic power plants in China, with a total capacity of 500MW-1,000MW over the next three years. Under the terms of the agreement, the Investors will enter convertible loan arrangements with Trina Solar to support the development of downstream projects in China. The Investors are entitled to convert the loans into minority stake in the project companies at pre-determined time. The investors are also entitled to participate in the potential capital operation of the holding vehicle in the future.
Two fingers
Carrick Capital Partners has closed its second growth equity fund, Carrick Capital Partners II at USD275 million.  Carrick's first fund closed two years ago with USD180 million, and the closing of Fund II brings the growth equity firm's total capital raised to nearly half-a-billion dollars. Carrick takes an operational approach to growth equity investing, bringing to bear a distinctive combination of operational and investment expertise to help entrepreneurs and management successfully scale their businesses. Consistent with the investing strategy for Fund I, Carrick will apply the same investment strategy, approach and sector focus for Carrick Capital Partners II, with the
European flags
Maples Fund Services has completed Alternative Investment Fund Manager Directive (AIFMD) Annex IV reports for December 2014 for seven EU jurisdictions, utilising its regulatory reporting platform.  AIFMD requires European and certain non-European alternative investment fund managers (AIFMs) as well as non-EU alternative investment funds ("AIFs") marketing through national private placement regimes to submit highly detailed Annex IV reports to regulators as part of the industry’s on-going efforts to monitor systematic risk.  "We are pleased that our clients have entrusted us to assist with the diverse and complex challenges that AIFMD presents, and are proud that Maples Fund Services’ combination of
four fingers
QIC’s Global Infrastructure Fund (the fund) has secured initial capital commitments totalling USD528 million from four institutional investors. CEO Damien Frawley, says: “We’re pleased that major institutional investors, including an Asian sovereign wealth fund and a major Australian pension scheme, have committed to our new global infrastructure fund. This is an exciting time for investment opportunities and further growth in the infrastructure sector in key markets around the world, including in the US and Europe. We believe QIC’s infrastructure pedigree is second to none, and we’re delighted to be able to make available to more institutional investors the successful global
Joe Bedford (pictured), corporate partner at law firm Stevens & Bolton who advised the management team of TGI UK on its recent acquisition by Electra Partners, looks at how the casual dining sector is attracting interest from private equity investors… Looking at trends over recent months and years, together with current market rumours of further activity, it is clear that private equity has been showing significant interest in the casual dining sector. 2014 ended with the acquisition of TGI UK by Electra but that was only the latest in a long line of casual dining deals, including Hawksmoor (Graphite Capital);
One finger
Zetta Venture Partners, a venture capital firm focused on the high-growth analytics market, has closed its first fund at USD60 million.  Mark Gorenberg, a 25-year veteran venture capitalist, and Ash Fontana, who formerly launched online fundraising at AngelList, are Zetta’s managing directors. Debuting with a portfolio of eight investments, Zetta is committed to delivering exceptional returns for investors and entrepreneurs alike. The firm has offices in San Francisco and Utah’s Silicon Slopes. “Every decade, there’s the start of a cataclysmic shift in technology markets,” says Gorenberg. “Today that shift is to analytics – a fast growing market combining data and
Force Over Mass Capital has launched a Seed Enterprise Investment Scheme (SEIS) – Enterprise Investment Scheme (EIS) fund which will invest in fast growth technology companies.   The fund will provide high net-worth investors with the opportunity to invest in technology, through a risk-mitigated portfolio of early stage technology companies with high growth potential and potential tax reliefs of up to 64% of the capital. The fund is closing the funding gap between crowd funding and traditional venture capitalists in the start-up technology sector allowing investors to benefit from its significant organic growth potential.  The fund aims to raise GBP15
Beringea, manager of the ProVen Venture Capital Trusts, has sold the VCTs’ stakes in Speed Trap Holdings (STH), a digital data analytics company, to IS Solutions plc. STH is the parent company of Celebrus Technologies – the developer of software that allows organisations to understand their customers’ interactions with their websites, mobile applications and social media channels in real time on an individual and personalised level. Beringea first invested in the STH in 2010 through ProVen VCT and ProVen Growth and Income VCT. It is anticipated that the sale to IS Solutions will generate a circa 2x return on investment
Clouds
Vector Capital (Vector) is to acquire Saba, a specialist in cloud-based intelligent management solutions, for USD9.00 per share in an all cash offer. "Over the course of Saba's comprehensive review, the Board of Directors and our advisors evaluated a wide range of strategic alternatives, and engaged with a number of parties. We are pleased to have reached this agreement with Vector, which provides significant cash value for our shareholders. Our Board unanimously believes that this is the best outcome for Saba, our shareholders, customers, partners and employees," says Bill Russell, Saba's Non-Executive Chairman. "Over the last 17 years, Saba has

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12 November, 2026 – 8:00 am

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