Managers
How UMB Fund Services is utilising proprietary technology to expand its service offering and customisation support to private equity managers…
With private equity enjoying a surge in interest among institutional investors, keen to seek out longer-term yield away from traditional asset classes, the opportunities for fund administrators to provide outsourced services are compelling. And as regulation increases in complexity, in tandem with massive improvements in technology, the appeal of outsourcing to an independent third party continues to grow.
The number of PE funds being offered directly to institutions, or indirectly through intermediaries on behalf of high net worth individuals, is
Mobeus is planning to raise up to GBP80 million across four of its VCTs. Its the first time the company has looked to raise money since 2015 and may be the last for the next three years, according to the manager.
The new offer comes in a year which is expected to see up to GBP1 billion raised in VCTs – nearly double last tax year’s record raise of GBP542 million.
Mobeus paid a total of 311.5p per share across the four VCTs (since 2012 to June 2017), an average of 12.97p per share per VCT per year, which
The Russian Direct Investment Fund (RDIF) and Japan Bank for International Cooperation (JBIC) have launched the Russia-Japan Investment Fund (RJIF), to jointly pursue and implement attractive investment projects to promote economic, trade and investment cooperation between Japan and Russia.
The process of formalising the fund’s establishment is complete and the investment team have already begun a detailed analysis of priority projects. Currently, the deal pipeline extends to various industries such as healthcare, chemicals, metals and services. Several deals are due to be finalised in the near future.
The Memorandum of Understanding (MoU) between RDIF and JBIC, in which each
Private equity firm Auxo Investment Partners has completed its first deals with the acquisitions of Atlas Die and Bernal, two specialists in the die manufacturing industry. Terms of the transactions have not been disclosed.
Atlas Die, based in Elkhart, Indiana, was founded in 1952 by S Ray Miller in his basement. The company went on to develop and introduce laser technology into the die making process and later developed unique flexible rotary die making capabilities. Atlas Die continues to provide solutions for complex cutting needs in the consumer products, packaging, food and beverage, medical and pharmaceutical industries. The company has
Bridge Leisure Parks, which is backed by Phoenix Equity Partners, has continued its rapid growth on the back of the UK’s buoyant staycation market by acquiring three new holiday parks for a total investment of GBP11million.
The three new parks are Ashbourne Heights on the edge of the Peak District in Derbyshire; Hedley Wood near Bude on the Devon and Cornwall border, and Hengar Manor in Bodmin on the North Cornwall coast.
The group, which now owns and operates eight holiday parks across the UK, reported turnover of GBP21.4 million in 2016, up 29 per cent on the previous
Elaghmore Partners, a UK-focused private equity firm, has acquired Kesslers International (Kesslers), a designer and manufacturer of retail displays and merchandising for world famous brands and leading UK high street retailers.
Elaghmore has bought the business from Enact which invested in Kesslers in February 2016.
Founded in 1893, Kesslers creates point-of-purchase displays and merchandising solutions for brands and retailers. Located in Stratford, London, the business operates from a state-of-the-art design, engineering and manufacturing facility with a highly experienced team of over 200 employees.
This is the second acquisition made by Elaghmore from its initial private equity fund, Elaghmore
Mid-Atlantic Dental Service Holdings, operating as Mid-Atlantic Dental Partners, has secured commitments for up to USD12.5 million in growth equity led by SC Goldman and Company.
Since the company’s launch in March of 2016, Mid-Atlantic Dental Partners has performed significantly ahead of its business plan, with eight existing offices, and seven new offices in the process of closing. The additional equity will be used to expand their successful model into the South Jersey, Baltimore, and DC suburbs.
“Our unique partnership model, where selling dentists retain a portion of the ownership of the company and build personal wealth over time,
Mishcon de Reya’s Corporate department has advised Sompo Japan Nipponkoa Insurance, a subsidiary of Sompo Holdings, on the sale of its specialist UK insurance subsidiary Sompo Canopius to private equity firm Centerbridge Partners for USD952 million.
The sale is subject to regulatory approval and is expected to close in the first quarter of 2018.
Sompo Holdings is one of Japan’s three largest property and casualty insurers and an increasingly active overseas dealmaker. The disposal of Canopius is part of Sompo’s wider strategic plan, returning cash to provide increased flexibility for its growth ambitions while also creating a secure future for Canopius.
Mourant Ozannes has advised CTBC Bank Co on certain senior loan facilities in connection with the USD800 million acquisition of Tricor Holdings Limited, a provider of integrated corporate services, by Trivium Investment Limited (Trivium).
Trivium is ultimately controlled by global private equity firm, Permira.
Completion of the transaction was subject to the satisfaction of certain regulatory closing conditions, which required Mourant Ozannes to also advise with respect to detailed provisions of the BVI regulatory regime.
Lead Mourant Ozannes Partner, Simon Lawrenson, says: “This was a complex transaction and an excellent example of the strength of our global banking
Orrick has advised Atomico, the venture capital firm founded by Skype co-founder Niklas Zennström, on their investment in the USD90 million Series B financing of Lilium.
Founded in 2015, Lilium is a Bavarian developer of the world’s first fully electric vertical take-off and landing jet.
The financing was led by Tencent and also included LGT and Obvious Ventures. It brings Lilium’s total capital raised to more than USD100 million. Atomico previously invested USD10 million in Lilium’s Series A financing in December 2016.
Lilium will use the financing for the development of the five-seat Lilium Jet that will fly
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
