Allocations
Seaborn Networks (Seaborn) and Natixis have closed the debt financing for Seabras-1, a new subsea fibre optic cable system between the commercial and financial centres of Brazil and the US.
Natixis acted as sole Structuring Bank, Underwriter, and Mandated Lead Arranger for the senior debt facilities. Given the involvement of the French export credit agency Compagnie Française d’Assurance pour le Commerce Extérieur (COFACE), Natixis also acted as COFACE Agent for the transaction. Seabras-1 was developed by Seaborn, with equity being provided by Partners Group, the global private markets investment manager, as announced in January 2015. Natixis also acted as exclusive
Jersey has affirmed its position as a leading centre for companies looking to list, with the volume and value of Jersey companies listed on exchanges around the world rising significantly in the past 12 months, according to figures collated by Jersey Finance.
The latest figures show that there are now a total of 110 Jersey companies listed on exchanges around the world, reflecting growth of 13% on 2013 figures, whilst the total market capitalisation of those companies rose by around 62% year-on-year to GBP269 billion in 2014.
Of the 110 companies, 57 are quoted on the London Stock Exchange’s (LSE)
Mid-stage private equity firm enVision Capital has acquired a stake in Laramie, Wyoming-based technology firm, KB Enterprises, LLC.
KB Enterprises is an innovative driven company that is working on numerous breakthrough technologies, including a new method for grain fumigation to replace the use of highly toxic methyl bromide, which is currently used in today's fumigation processes.
KB Enterprises board member, Charles Pelkey, says: "With the backing and support from enVision Capital, I feel confident that our work will continue to ensure that new green technology will one day serve to replace the dangerous chemicals used today in the fumigation
Private equity firm ACE & Company has sold its stake in Moulin d’Or, a Tunisian baked goods manufacturer, to strategic investor Supreme Group.
The firm invested alongside the Abraaj Group, a leading private equity investor, in Moulin d’Or in late 2012.
Moulin d’Or sold more than 200 million cakes in 2014. The company has over 50% market share of Tunisia’s baked goods sector and has also become a leading muffin producer, dominating the country’s fastest growing industry segment.
ACE & Company and Abraaj initially invested in Moulin d’Or in 2012. During the holding period, Moulin d’Or expanded its product offering,
Alternative investment specialist Investcorp is to acquire Fritta, a specialist producer of intermediates for the ceramic industry, from financial investor Nazca Private Equity.
The acquisition is subject to Spanish competition authorities clearance.
Established in 1973 in Onda, Spain, Fritta produces ceramic frits and glazes as well as ceramic colours and inkjet inks, all critical intermediate products in the manufacturing of ceramic tiles. The Company’s global activities are supported by two frits manufacturing plants in Spain and Vietnam and two glaze mixing units in Italy and Mexico. Fritta employs around 300 people and its products are sold to approximately 200
SMEs turned increasingly to financial markets in 2014, with companies backed by Euronext subsidiary EnterNext raising a total of EUR9 billion on Euronext’s pan-European markets.
This included shares and bonds in both primary and second trading, and is the highest figure raised in several years. A resurgence in IPOs, combined with hard work by EnterNext teams, resulted in 31 SME listings that raised EUR740 million. Investors were enthusiastic, with issues oversubscribed 2.6 times on average. Secondary capital raising through equities and bonds was also lively, rising from EUR5.7 billion in 2013 to EUR8.2 billion in 2014.
In all, over
Araxid Prime has closed a USD12.5 million Series A funding round led jointly by Bessemer Venture Partners (BVP) and Columbia Capital (ColCap).
The funds will be used to extend technology that is currently being used by leaders in healthcare and the public sector, and apply it to other industries such as retail, telecom and financial services.
Araxid offers a next-generation SaaS-based technology for resolving linking, and privatising disparate identities stored in one or more databases – whether customers, partners or employees. It can be implemented as a standalone solution or it can be plugged into existing, on-premises Master Data Management
NXT Capital has held the closing of the NXT Capital Senior Loan Fund III, a leveraged loan fund that will invest in first and second lien loan transactions originated and underwritten by NXT Capital’s Corporate Finance Group.
Transactions include term, delayed draw term, revolving credit, stretch senior, unitranche, first lien term behind revolver, split lien and last-out term loans made primarily to private equity-sponsored middle market companies across a wide range of industries.
The addition of Senior Loan Fund III increases the third-party capital committed to the Corporate Finance Group’s asset management business to over USD4 billion. The fund received
Conifer Financial Services, a provider of fund administration, middle office, trade execution, and prime brokerage services to the asset management industry, has received an unqualified opinion in the Service Organisation Controls (SOC) 1 TYPE 2 (SSAE 16) 2014 examination of its fund administration entity, Conifer Asset Solutions.
Notable among the reports is the laudable lack of exceptions achieved by the business sector pertaining to Fund Services and Middle Back Office.
The SOC 1 Type 2 examination was conducted in accordance with the American Institute of Certified Public Accountants (AICPA) Statement on Standards for Attestation Engagements No. 16 (SSAE 16) and
Coming off of a strong year for private equity in 2014, industry leaders are tempering their outlook for 2015, according to the sixth annual PErspective Private Equity Study by BDO USA.
While 41 per cent of private equity fund managers report closing more than five deals in 2014, only 8 per cent expect to do so during the next 12 months. Instead, the vast majority (87 per cent) of private equity sponsors expect to close between one and five deals in 2015, with the largest percentage (30 per cent) of fund managers predicting they will close only two new deals
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
