Allocations
Salvepar has acquired a 5% interest in DRT, a developer of rosin and turpentine extracted from pine resin. DRT and its subsidiaries supply more than twenty industries with value-added products.
The Ccmpany mainly supplies the perfume, adhesive, rubber, gum and food supplement markets with a wide range of more than 250 everyday products for the consumers around the world. DRT, which is headquartered in the Landes, operates four factories in Southwestern France and industrial sites in China and India. DRT is a French company enjoying growing influence and reputation in international markets.
Salvepar intends to support DRT’s development, including
By Chris Humphries, Managing Director, Stuarts Walker Hersant, Attorneys-at-Law – The Cayman Islands continues to be the leading offshore jurisdiction for mutual funds and hedge funds. Its position as the premier jurisdiction is as a result of innovative legislation and the absence of taxation together with the presence of sophisticated and professional service providers and a favourable regulatory environment.
The Cayman Islands offers:
• A straightforward fund registration procedure.
• A flexible investment fund regime within a clear and effective regulatory environment.
• Experienced legal, administrative and accounting service providers.
• No requirement to have Cayman Islands based directors or
In 2011, ahead of the introduction of the AIFMD in Europe, an article entitled “A foot in both camps”, was written by Derek Delaney, Managing Director of DMS Offshore Investment Services (Europe) Limited. In it, Delaney (pictured) wrote: “There is an enduring perception that the established European domiciles such as Ireland and Luxembourg are in direct competition with the leading offshore domiciles such as Cayman. This perception has transcended reality to the extent that leading participants in both camps deem it necessary to fight their corner.”
With over 225 staff, DMS is the world’s largest provider of fund governance services
Private equity investor Advent International is to acquire majority ownership of Brazilian technology products provider Allied SA from One Equity Partners (OEP) and other minority shareholders.
The Radomysler family, which founded the company, will retain a significant minority stake and continue to lead Allied. The transaction, subject to regulatory approval and certain closing conditions, is expected to be completed in the first quarter of 2015. Financial terms of the acquisition were not disclosed.
Founded in 2001, Allied provides services and supply chain management solutions to more than 3,700 customers, including telecommunications carriers, OEMs, retailers and corporate customers (B2B channel).
Venture fund manager MMC Ventures has enjoyed a bumper 2014, attracting GBP74m in total investment into its portfolio in the past 12 months.
2014 saw the team make 23 investments in total, demonstrating why CB Insights named MMC as one of the UK’s most active early stage investors for the third year running.
Over half of these deals were follow-on funding rounds supporting existing MMC portfolio companies including: Invenias, Masabi, Tyres on the Drive, Wool and the Gang and Love Home Swap. Portfolio businesses which have attracted third party funding this year include; Somo, MUBI, PactCoffee.com, PayasUgym, Brightpearl, Gousto and
Private equity and infrastructure investment firm First Reserve has awarded Deutsche Bank a fund services mandate.
First Reserve selected Deutsche Bank’s Alternative Fund Services to provide an integrated bank loan fund administration solution. As part of the solution, Deutsche Bank is providing its customisable investor reporting, fund accounting, and bank loan administration services.
“We look forward to growing our platform utilising Deutsche Bank’s full range of services,” says Josh Weiner, Managing Director at First Reserve. “We selected Deutsche Bank for their ability to provide an integrated model and flexible reporting to our investors.”
“We are delighted to build
Prairie Cloudware has completed a USD3.2 million capital raise. The company was founded to help financial institutions protect and extend their payments franchise while improving security, convenience and control for their customers.
“Three times as many consumers trust financial institutions over other providers to make payments safe,” said Kevin Kammer, CEO of Prairie Cloudware. “With the support of our investors, we are providing a solution that will allow financial institutions to reinforce their role as the primary provider of payment services, offering their customers safe, convenient ways to make digital payments on-line and in stores.”
Prairie Cloudware’s Digital Payments
Lexerd Capital Management has acquired Foxfire Apartments (Foxfire), a 354-unit garden style community located in Durham, North Carolina. Foxfire will by managed by First Communities Management.
Terms of the transaction have not been disclosed. This is the first acquisition by Lexerd in its new Lexerd Capital Partners High Yield Fund II.
Located in the desirable city of Durham, just four miles from Duke University, the purchase consists of 44 two-story apartment buildings, two one-storey clubhouses containing one leasing office and one fitness centre, two one-storey laundry facilities, two one-storey maintenance shops, two one-storey storage sheds.
Foxfire is located
Private equity investor Cabot Square Capital has acquired BPN Crédito, the consumer finance provider, from the Portuguese Government for an initial investment of EUR36 million.
Formerly the consumer credit arm of Banco Português de Negócios (BPN), which was nationalised by the Portuguese Government in 2008, BPN Crédito specialises in motor finance, primarily for used cars, in the Portuguese market.
As well as its primary activity of originating and servicing auto loans, BPN Crédito also provides leasing for both equipment and real estate, and has factoring capabilities. The face value of BPN Crédito’s outstanding loan assets is in excess of
Matt Martin Real Estate Management (MMREM), a diversified real estate services firm, is to acquire online real estate auction company, RealtyBid.com.
RealtyBid.com will retain its brand name and operate as a wholly owned subsidiary of MMREM with its current management team intact. Financial details of the transaction were not disclosed.
Based in Rainbow City, Alabama, RealtyBid.com was founded in 2001 by a group led by Tony Isbell, a 20-year veteran of the real estate auction business for residential and commercial properties of all types. RealtyBid.com was an early mover in the online property auction space and specialises in the expedited
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
