Managers
Lorne Park Capital Partners has signed a letter of intent (LOI) to purchase all of the outstanding securities of Crestridge Asset Management (Crestridge), an independent portfolio manager based in Toronto.
Crestridge provides discretionary investment management and wealth management services for individuals, trusts and foundations with clients across Canada. As of 31 May, 2017, Crestridge had approximately CAD120 million in assets under management.
“We are confident that we have found a new partner in Crestridge that shares similar perspectives on investment management and a commitment to delivering tailored investment solutions to affluent families,” says Robert Sewell, (pictured), Chief Executive Officer
Seedcoin, a subsidiary of Coinsilium Group, an accelerator that finances and manages the development of early-stage blockchain technology companies, is to sell its entire holding of 2,133 shares in investee company SatoshiPay Ltd at the price of EUR340 per share for a total consideration in cash of EUR725,220 to Blue Star Capital Plc.
The deal represents an increase of 362.6 per cent on the price paid for the shares in 2015.
The disposal is conditional on Blue Star raising approximately GBP650,000 through a proposed placing, which will be used together with Blue Star’s existing cash resources to satisfy the
IGF, a commercial finance provider for SMEs, has delivered a GBP1 million asset based lending facility to newly formed Ayrshire business, Confida FM.
Confida FM began in May 2017 after the purchase of an existing business, Sercon Support Services. With continued support from IGF throughout the MBO process, Confida’s management team was able to re-structure the company and make a fresh start, in addition to having working capital to fund the new venture.
IGF’s facility not only allows Confida to realise its ambitious plans to grow the business across Scotland and the rest of the UK, but also helps
KGAL has held the first closing of its core plus European renewable fund ESPF 4. With EUR255 million of committed equity, the Luxembourg-based SICAV-SIF vehicle is in line with its fundraising schedule, having attracted large commitments from four major European institutional clients.
KGAL ESPF 4 fund was launched a year ago as a successor fund for ESPF 3. The core plus investment strategy focuses on the entire spectrum of the value chain in the fields of wind, photovoltaics and hydropower – with a focus on greenfield investments – across Europe. Capital deployment will focus on opportunities in wind repowering, hydro
The shareholders of Lazada will receive proceeds of more than a billion US dollars from the takeover of the South East Asian shopping portal by Chinese internet firm Alibaba.
The sellers, who include more than 20 existing shareholders such as Rocket Internet, Tesco, Kinnevik, Summit Partners and JP Morgan relied on Noerr’s advice during the transaction (which Lazada values at USD3.15 billion) similar to the investment in Alibaba a year ago.
The acquisition means that Alibaba will increase its stake in Lazada from 51 to 83 per cent. The sale results from the put-call agreement that was announced in
BGF has successfully exited its minority stake in North-East chemicals manufacturer Chemoxy International Ltd. The company has been acquired by a French based trade buyer, Novacap SAS, as it seeks to expand its Performance Chemicals division and geographical presence.
BGF invested GBP10 million into Chemoxy in February 2015 and, as a minority partner, has backed the company’s management team since then. BGF’s funding supported growth in Chemoxy at both its Middlesbrough and Billingham sites, which has included acquisition of new customers, expansion of technical capabilities and further development of its proprietary product range, most notably ChemoxyCare, an emollient in personal care
Foresight Group’s Foresght VCT (F1) has completed the successful sale of Simulity Labs Limited (Simulity) to ARM, a specialist semiconductor IP company.
F1 received circa GBP11.4m at completion and will receive up to GBP 0.3 million of deferred consideration after 12 months subject to certain conditions, implying a cash on cash return of circa 3x on the GBP4 million invested in October 2016, or an IRR of circa 400 per cent. NAV per ordinary share for F1 has consequentially increased 3.2p from March 2017, all other things being equal.
Simulity provides embedded operating system software and related server systems
With the successful closing of the acquisitions of the global Darex Packaging Technologies business and the Sonderhoff Group, Henkel has strengthened its Adhesive Technologies business and technology portfolio with the successful closing of the acquisitions of Darex Packaging Technologies and the Sonderhoff Group.
Darex is based in Cambridge, MA, USA and supplies high-performance sealants and coatings for the metal packaging industry around the world. It serves various global customers producing beverage, food or aerosol cans. The acquisition was announced at the beginning of March. The purchase price amounted to 1,050 million US dollars (around 919 million euros) on a cash
Leading mid-market private equity firm LDC has exited its investment in The Creative Engagement Group (TCEG) in a strategic trade sale to Huntsworth plc, an international healthcare and public relations communications group. The deal is at an enterprise value of GBP25 million.
TCEG is a group of three creative agencies – WRG, The Moment and Just Communicate – that provide experiential marketing, including events, digital marketing, virtual and augmented reality. The group serves an international client base of blue chip companies and has significant expertise in the healthcare sector, along with professional services, banking, leisure and tourism.
LDC originally
Ogier has advised Emperor International Holdings Limited (Emperor) in Luxembourg on the acquisition of Soho’s Ampersand Building.
Emperor, a Hong-Kong based investment holding company, which is principally engaged in property investments, property development and self-run hotel, purchased the building for GBP260 million.
Partners Fabien Debroise and Bertrand Geradin led the Ogier teams in Luxembourg, working alongside Mayer Brown LLP, English and lead counsel to Emperor, on the transaction.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
