Managers
Fly Ventures has closed its debut fund at USD41 million. Uniquely comprised of co-founders from blue chip venture capital and technology backgrounds and a software engineering team of ex-Googlers, Fly Ventures is using AI and machine learning to identify, evaluate and support investment targets.
Fly Ventures’ three partners, Stephan Seyboth, Gabriel Matuschka and Fredrik Bergenlid created the company to disrupt the early-seed venture capital industry in the way that artificial intelligence is predicted to disrupt other sectors that are heavily reliant on repetitive tasks, data gathering and processing.
Using its technology Fly Ventures is able to find and approach
Atlantic Street Capital has acquired a majority stake in Lori’s Gifts, the largest multi-unit retailer of gift shops in hospitals, from the Bernick family.
Founded in 1981, Lori’s Gifts is the nation’s leading operator of hospital gift shops with more than 350 shops in hospitals from coast to coast. The company assumes all staffing, buying, accounting and operational responsibilities and offers dynamic merchandise assortments that include elite national brands. It also provides patient gift service for all their locations and same‐day in‐room delivery for personal care items, gifts, flowers, balloons, drinks, snacks, and accessories. Lori’s is based in Carrollton, Texas
The capital markets team at leading audit, tax and consulting firm RSM has acted on deals totalling over GBP1 billion in 2017 – highlighting a strong year and an uplift in activity across the practice.
RSM has advised on a range of high-profile deals including the GBP200 million AIM IPO of the omni-channel women’s fast fashion brand, Quiz Plc; the GBP250 million IPO of PRS REIT plc; and the GBP50m AIM IPO of Keystone Law Group. The team has completed 12 transactions across the Main Market and AIM in 2017, with a total value of GBP1.06 billion.
Diane Craig,
LRI Group, an independent investment services company, has added six new managers to its UCITS Platform, forecasting approximately EUR12 billion in Assets under Management (AuM) in 2017.
Markets in 2017 have remained volatile and uncertain due to major changes affecting the institutional and alternative management industry, however LRI Group believes that there are still plenty of attractive opportunities for managers during such turbulent times.
The growing appetite of LRI Group’s fund business emerged from an increase in global asset management clients and in particular a stronger global distribution network of investors and asset managers. In addition to the total
AnaCap Financial Partners (AnaCap), a specialist European financial services private equity firm, has sold First Names Group, a leading independent provider of trust, corporate, real estate and fund administration services worldwide.
The buyer is SGG Group, a leading multi-jurisdictional provider of financial services, backed by Astorg Partners, the European investment firm. Completion of the sale which is subject to regulatory approval, secures AnaCap a 2.6x return on its investment.
First Names Group works closely with client and professional advisers to establish and administer a range of internationally structured solutions, including trusts, companies and foundations, as well as providing fund
The Alternative Investment Management Association (AIMA), the global representative of alternative investment managers, has signed a Memorandum of Understanding (MoU) with the Insurance Asset Management Association of China (IAMAC), a self-regulatory organisation for China’s national insurance asset management industry.
AIMA and IAMAC signed an agreement in Beijing that outlines areas of cooperation and collaboration, including educational programmes and joint events. The MoU further strengthens AIMA’s presence in China and its relationships with China’s asset management industry and its regulators.
In 2014, AIMA signed an MoU with the Asset Management Association of China (AMAC), the self-regulatory organisation for Chinese fund
IK Investment Partners (IK) is to acquire Optimum Group, a European printing and labelling company. Financial terms of the transaction, which is subject to regulatory approval, have not been disclosed.
Optimum Group is a printer of self-adhesive labels, banding and shrink sleeves, primarily serving the food and retail market. The Group operates through five printing facilities, of which four in the Netherlands and one in Belgium.
Optimum is active in the faster-growing segments within the Benelux labelling market, which is estimated to be worth approximately EUR700 million. In particular, the Group focuses on the food labelling market, which has grown by over 5
Law firm Paul Hastings is advising a consortium led by NJJ Telecom Europe (NJJ) on the acquisition of a majority of eir, the Irish telecommunications and broadband business. eir had revenue of EUR1.32 billion, and earnings before interest, taxation, depreciation and amortisation of EUR520 million, in the financial year to June 30, 2017.
The deal, which is subject to regulatory approval, is expected to close in the second quarter of 2018.
NJJ which will own 32.9 per cent and is the investment vehicle of Xavier Niel, one of France’s most prominent business leaders and an investor in telecommunications and
ROVOP Limited (Rovop) an independent operator of underwater remotely operated vehicles (ROVs), is to immediately increase its fleet by 50 per cent to meet ongoing customer demand following a funding boost of GBP56 million.
Blue Water Energy (BWE) and BGF have jointly committed to the funding which underpins ROVOP’s ambitious future growth plans including the creation of potentially up to 80 jobs.
Rovop, which has bases in Aberdeen and Houston, employs more than 180 people in onshore and offshore roles, and operates 16 of the world’s most advanced ROVs.
The funding has enabled the company to increase its
The Montreux Healthcare Fund is selling its primary asset, The Regard Group, to AMP Capital, a specialist investment manager.
The Regard Group, which offers industry-leading specialist care for adults with learning disabilities and mental health issues, operates an efficient business with industry leading care quality ratings and occupancy.
The Montreux Healthcare Fund, which is advised by Montreux Capital Management (UK), bought The Regard Group with Macquarie Principal Finance three years ago and has subsequently grown the business into a national provider of premier specialist service by bolting on complementary acquisitions, most notably Aitch Care Homes and Adelphi Care. Today,
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
