Allocations
AIM-quoted investment group Adamas Finance Asia (ADAM) says its improved interim financial results provide the foundation for a reshaped strategy.
ADAM plans to sell off its private equity asset portfolio to provide cash reserves for redeployment into income-generating investments.
ADAM chairman John Croft says: “There is no doubt that the six-month period to June 2014 was the most eventful and potentially significant since the company’s arrival on AIM in 2009. I am confident this will enable the board to meet its long-term objective of re-positioning ADAM as a credit finance operation generating strong and predictable returns for shareholders.”
Equities First Holdings (EFH) has acquired Meridian Equity Partners Limited in the UK.
Its operations will continue under the name Equities First (London) Limited.
Equities First Holdings specialises in shareholder finance with offices in London, Indianapolis, Hong Kong, Singapore, Bangkok, Sydney and Perth.
“Today’s acquisition is transformational for our company and brings our services and brand to a new, global level. With seven offices to serve clients in Europe, Asia, Australia and the US, we are able to offer liquidity at attractive levels against publicly traded shares to individual investors, businesses, and executives of public companies around the
GEMCORP, a new financial firm focused on investments in emerging markets, is now open for business.
Atanas Bostandjiev, formerly a partner at Goldman Sachs and more recently UK and international CEO of VTB Capital, has been joined by group of experienced emerging markets investment professionals at GEMCORP.
The firm has so far raised USD500 million from European institutional investors with a lock-up period of five years.
Bostandjiev says: “We want to position ourselves as the access point for institutional investors when it comes to investing in emerging market sovereign and private sectors. We see a significant gap where
Glennmont Partners, an investment manager dedicated to clean energy in Europe, has commenced operation of the 38MW Sleaford straw-fired renewable energy plant.
The plant was built by a consortium of Burmeister & Wain Scandinavian Contractor A/S and Burmeister and Wain Energy A/S.
Glennmont purchased 100 per cent of the equity in the project in December 2011, and financed the construction through a debt package provided by NIBC Bank NV, RBS, Siemens Bank GmbH and Unicredit Bank AG.
Sleaford will generate enough electricity to power 65,000 homes as well as providing free heat to local sports clubs and community
Mid-market advisory firm Clearwater International completed 13 deals in two months over the summer, worth a combined value of GBP410m.
Five of the transactions have been led out of the UK.
The deals include advising on the sale of Burnt Tree, one of the UK's largest providers of commercial vehicle rental, to Enterprise Rent-A-Car; and the sale of out-of-home digital advertising firm Signature Outdoor to LDC-backed Ocean Outdoor.
The UK arm has also advised gym chain Gymbox on its GBP10m investment from Business Growth Fund.
The Danish part of Clearwater International has also enjoyed a busy period
Fuchs & Associés Group has been granted authorisation by the CSSF for Fuchs Asset Management SA, its Luxembourg-based super management company (Super ManCo).
Fuchs Asset Management SA, which was created on 10 June 2014, operates in accordance with Luxembourg’s laws on undertakings for collective investment schemes (UCITS) and the Alternative Investment Fund Managers Directive (AIFMD).
Fuchs Asset Management offers a wide range of services for investment funds within structures governed by the UCITS and AIFMD directives, including private equity and real estate funds, as well as structuring solutions, risk management and compliance and the relocation of funds. Fuchs Asset
Private equity real estate fund Rockpoint Group has closed on USD950 million of equity commitments for Core Plus Fund I, its first lower-risk, lower-return core plus investment vehicle.
Rockpoint has historically sponsored opportunistic funds, having raised over USD8 billion of equity capital for these funds since 2003, including its most recent opportunistic fund, Rockpoint Real Estate Fund IV, which closed in March 2013 and aggregated USD2.33 billion in investor commitments.
Core Plus Fund I was not formally marketed and was raised from a small group of primarily existing investors. No brokerage commissions or placement fees were paid in connection
Dutch venture capitalist Aglaia has launched the Aglaia Oncology Fund II, backed by high-net-worth families.
Investors will contribute a total of USD65 million to the fund, which has a final target of USD80 to USD100 million.
The group of investors has been expanded to include several institutional investors, including the European Investment Fund (EIF), which has made a substantial commitment. Aglaia is also one of the funds selected under the Dutch Venture Initiative, an investment fund recently launched by the Netherlands Ministry of Economic Affairs.
Through the new fund, Aglaia will be investing in an estimated 10 to
Special purpose acquisition vehicle HF2 Financial Management is to acquire a majority equity interest in ZAIS Group Parent (ZGP).
ZGP is the sole member of ZAIS Group, an investment management firm focused on specialised credit investments with approximately USD5.0 billion of assets under management as of 30 June 2014.
The transaction will facilitate the public flotation of ZAIS and provide the company with significant equity capital to accelerate its strategic growth initiatives and capitalise on current and future market dislocations. The investment is designed to align the interests of the company's current owners, management team and key employees with HF2's
Octopus Investments has launched a GBP50 million joint fundraising by the five Octopus Titan Venture Capital Trusts (VCTs).
The latest fundraising, which offers the opportunity to invest into all five Titan VCTs, provides investors with exposure to a portfolio of early stage high growth businesses, helping to meet the demand for access to the new generation of successful entrepreneurial businesses in the UK.
Octopus is offering a two per cent discount on initial management fees for those who invest in the Titan VCTs before 11 November.
The Octopus Titan VCTs invest in early stage companies that have the
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
