Allocations
Vala Capital, a UK venture capital firm, is looking to shake-up fees in the EIS industry with the launch of its new EIS fund.
Vala Capital says the fund’s fee structure means investors will not pay any initial fees, annual management charges (AMC) or administrative, audit or custodian costs. The only expense charged directly to them will be a 20 per cent performance fee on profitable exits.
The investee companies themselves will cover ongoing administration costs through a one-off 6 per cent fee on cash invested.
Jasper Smith, Chairman of Vala Capital, says: “All three of the
Mid Europa portfolio company Hortex, a consumer business in Poland active in frozen and juice categories, is to acquire Jurajska. The transaction is subject to anti-trust clearance and is expected to close in Q1 2019.
Jurajska is an independent player in branded natural and flavoured mineral water in Poland. Jurajska water originates from a deep, geologically isolated source in the ecologically clean and protected region of Polish Jura, which results in unique characteristics – pristine purity, balanced and stable mineral composition rich in calcium and magnesium and low in sodium.
Paweł Padusiński, Partner and Co-Head of Mid Europa’s
Duke Royalty Limited, a provider of alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and abroad, has acquired Capital Step Holdings Limited and Capital Step Investments Limited (Capital Step).
The acquisition more than doubles Duke’s royalty portfolio, increasing the Company’s core investments from five to eleven and thereby significantly accelerating the company’s growth plans and providing portfolio diversification benefits.
The new Royalty Partners are in a range of diversified industry sectors, including new investment sectors such as telecommunication services, media, recruitment, insurance broking and technology solutions.
The acquisition creates an implied enterprise
Tyler Technologies is to acquire Arlington Capital Partners’ portfolio company MicroPact, a provider of specialised, verticall- oriented case management and business process management (BPM) applications for government.
Founded in 1997 by CEO Kristoffer Collo, MicroPact was formerly known as MicroPact Engineering, and since 2012 has operated as MicroPact through several affiliated entities. Arlington Capital originally acquired Iron Data Solutions, LLC in 2011 which was combined with MicroPact in 2015.
“We are very happy to join forces with Tyler Technologies, the clear leader in public sector software technology with an outstanding company culture focused on excellence in all things, including
Eiger Advisors, a UK-regulated business assisting alternative and traditional asset management businesses, and Investeam, an established Paris-based third-party manager, have announced a new commercial partnership.
It will support UK-based fund managers wishing to access the French, Luxembourg and Belgium institutional investors, and French, Luxembourg and Belgium-based fund managers wishing to reach British institutional investors.
These are cross-border markets that to date have not achieved the expected levels of penetration, particularly when considering the quality and performance of the fund managers in the respective countries and the size and diversification of the respective investment markets.
Eiger Advisors is a
London law firm Joelson has advised intelligent aircraft solutions specialist ADB Safegate on its successful acquisition of Ultra Airport Systems, a global provider of airport software solutions.
The transaction will strengthen ADB Safegate’s data analytics capabilities and drive the provider’s transformation in becoming a Total Airport Management (TAM) solutions provider. With air traffic doubling every 15 years, the need for aircraft solution providers to use existing infrastructure more efficiently is growing. Achieving TAM status will allow ADB Safegate to operate as a performance-based provider, achieving greater integration of systems across the airports it serves.
The acquisition will enable ADB
Vance Street Capital, a Los Angeles-based private equity firm, has acquired Applied Plastics (Applied), an advanced coatings provider to the medical end markets.
This is Vance Street’s sixth investment out of Vance Street Capital II, and its fourth investment in the medical space in the past three years. Terms of the transaction have not been disclosed.
Founded in 1953 and headquartered in Norwood, Massachusetts, Applied provides specialty PTFE coatings on wires and other metal-based components for the medical device industry, with a primary emphasis on the advanced catheter market. Applied’s customers include the leading medical device OEMs and contract
Liquid Stock (Liquid) has launched a fully independent, institutionally backed firm providing liquidity to employees and stockholders of privately held companies.
This strategy will align the interests of employees and shareholders by converting option holders into owners, providing companies with an alternative to tender offers and offering employees and shareholders full value for their stock. Liquid’s team brings together a multi-disciplinary approach of leaders in liquidity solutions, venture capital and private equity investing, to provide liquidity to individual counterparties. Liquid is well-positioned to become the leading source of capital for private companies looking to provide liquidity to their employees through tax
Apex Group (Apex) and Genstar Capital (Genstar) have acquired the Corporate and Private Client Services (CPCS) and Throgmorton businesses of Link Group’s Asset Services division.
The acquisition increases Apex’s global assets under administration (AUA) to nearly USD600 billion.
The acquisition substantially bolsters Apex’s corporate services capabilities adding specialist hubs in the UK, Jersey, Ireland, Luxembourg, the Netherlands, Hungary and Switzerland. In addition, the businesses have an established and robust service infrastructure, administering and safeguarding assets across seven highly-regulated European jurisdictions. Combined, the Apex Group’s service offering now spans fund administration, banking and depositary solutions, a comprehensive middle office offering and
James Capital Advisors (JCA) has successfully closed the High Plains Pizza transaction of 82 Pizza Hut restaurants.
Grand Mere Restaurant Group (GMRG) a New York-based private equity firm, engaged JCA to market 31 properties as a portfolio sale-leaseback. GMRG also engaged JCA to source a structured financing program for the remaining 17 real estate assets. In total JCA provided over USD60 million in sale-leaseback and structured financing proceeds for GMRG.
“James Capital played an integral part in structuring our capital stack and executing a real estate strategy that maximised value for our company. I consider the James Capital team an essential part of our M&A strategy moving forward,”
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