Managers
Gefion Insurance, a Copenhagen-based specialty non-life insurer, has closed a private placement of Solvency II-compliant subordinated notes in an aggregate principal amount of EUR10 million with funds managed by Fermat Capital Management.
The net proceeds from the offering will be used to support Gefion’s attractive growth opportunities in the European specialty non-life insurance market, to refund the Company’s existing subordinated debt, and for general corporate purposes.
Tonny Anker-Svendsen, Gefion’s CEO, says: “We are excited to partner with Fermat, one of the highest-quality investors in the (re)insurance space, on this transaction. We believe their commitment validates the strength of our
The 2017 Preqin Private Capital Fund Terms Advisor finds that several private capital fund types are raising their average management fees among funds of more recent vintages.
Unlisted infrastructure funds have seen mean management fees rise marginally from lows of 1.38 per cent for 2014 vintage funds to 1.48 per cent for 2017 vintage funds and vehicles in market. Similarly, private equity buyout funds have seen their mean fees rise from 1.85 per cent for 2015 vintage funds to 1.94 per cent for 2017 vintage and raising funds. Across the same period, closed-end private real estate funds have seen average
Global fiduciary and administration services provider Estera has acquired Headstart, a specialist corporate and trust services business in Luxembourg.
The transaction paves the way for Estera’s expansion into Luxembourg, one of world’s most important jurisdictions for funds and corporate services, while also broadening the company’s offering in corporate, fund and trust services.
Headstart’s Managing Directors, Christophe Gaul and Manuel Mouget, will continue to lead the business. The company, whose clients include private equity and real estate firms, institutional clients, corporates and high net worth individuals, will rebrand to Estera in September 2017.
Farah Ballands (pictured), CEO of Estera,
IGF, the leading commercial finance provider for SMEs, has delivered a total of GBP16.6m to SMEs across Scotland over the past year.
Since the opening of its Glasgow office in June 2016, IGF has grown from strength to strength in the region. Over the past 12 months, the business has financed 26 SMEs and last November allocated an additional GBP5m fund to support management buyout (MBO) activity across the country.
The finance delivered ranges from a GBP50,000 invoice finance facility to a GBP4.25 million asset based lending facility, funding assets including stock and property. The businesses that have benefitted
By Matt Mulry, Dillon Eustace – Whether you’re looking to launch a private equity fund focused on venture capital, real estate, infrastructure, technology, energy, health care or art or a hedge fund focused on global macro, long/short equity, special situations, fixed-income or commodities the Cayman Islands is a great place to start.
There are many options available to the start up manager to establish a track record and build the scale required to attract capital from key institutional investors across the globe. The right first step will depend on the location of the manager, the nature of the initial investors,
International law firm Watson Farley & Williams (WFW) has advised Dubai-based International Real Estate Partnership Holdings (IREP) on the purchase from administrators Mark Fry and Gary Shankland of Begbies Traynor (London) of the Asia-Pacific business of real estate consultancy and services company Cluttons.
This follows the acquisition by specialist turn-around investment firm RCapital of the wider Cluttons group.
The purchased group comprises 14 companies across south-east Asia and Australasia which provide services to both the residential and commercial property markets.
The WFW team was led by corporate Partner Daniel Saunders, assisted by Associate Andrea Bhamber and Trainee Fred
Leesa Sleep, a direct-to-consumer online luxury mattress retailer, has raised GBP17.6m in a Series B funding round led by One Better Ventures, an investment company led by John Replogle.
Replogle will join Leesa as Chairman of the Board alongside Peter Graham who was Chairman of Seventh Generation until its recent sale to Unilever, who will also join the Leesa Sleep Board. Notable investors include social impact entrepreneurs such as Blake Mycoskie, Founder of TOMS. The investors included in this round are aligned with Leesa’s social mission – to elevate life with thoughtfully designed and crafted products and to be a force
Allegro Ophthalmics, a biotechnology company focused on the development of novel therapies to treat vitreoretinal diseases has completed a private round of equity financing for USD10.7 million.
With this infusion of capital, the company is strongly positioned to reach future corporate milestones. Allegro is . The company’s lead drug candidate, Luminate, has successfully met the endpoints for two Phase 2 monotherapy studies for the treatment of diabetic macular edema (DME) and vitreomacular traction (VMT). In addition, topline results of its Phase 2, Stage 2 DME clinical trial in which Luminate is being evaluated in combination and as an adjunctive therapy
Gattai, Minoli, Agostinelli & Partners advised the retail technology solutions company Aptos, Inc on the acquisition of TXT Retail, the end-to-end merchandise lifecycle management solutions business of TXT e-solutions, a listed company on the STAR segment of the Italian Stock Exchange.
The transaction is worth EUR 85 million on a cash-free debt-free basis, to be paid at closing, expected by 31 October 2017.
Gattai, Minoli, Agostinelli & Partners assisted Aptos with a team composed by partners Bruno Gattai and Gerardo Gabrielli, senior associate Federico Bal, and associates Domenico Garofalo and Maria Persichetti. Partners Lorenzo Cairo and Licia Garotti handled
BlackFin Capital Partners completed a first closing in excess of EUR100 million for its BlackFin Tech Fund 1 from European institutional investors such as Bpifrance, Vaudoise Assurances Group, Groupama Group, Sogecap (Société Générale Insurance), Natixis Assurances, Swiss Life as well as several banks and family-offices.
This closing paves the way for a broader institutional fund-raise, with the target of reaching more than EUR150 million.
Founded by four Fintech entrepreneurs in 2009 – Laurent Bouyoux, Paul Mizrahi, Eric May and Bruno Rostain – BlackFin raised a first buy-out fund of EUR220 million in 2011. BlackFin has been investing and supporting
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
