Managers
Mourant Ozannes’ investment funds team has established the first five Jersey Private Funds (JPF) since the new regime came into effect last month.
Introduced by the Jersey Financial Services Commission, the new JPF product has been designed to rationalise and consolidate Jersey’s private fund regimes for funds offered to up to 50 professional investors.
Mourant Ozannes partner Dan Birtwistle (pictured) says: “In a buoyant fund raising market, the new JPF regime has quickly been seized on by existing and new clients alike as an effective, streamlined and proportionate product for privately offered alternative investment funds. The speed and
Perusa Partners Fund 2, an investment fund advised by Perusa, has acquired German steak house chain Maredo from GEP III, an investment fund advised by ECM Equity Capital Management.
Both companies jointly announced the transaction on 11 May. Transaction details were not disclosed.
Maredo operates 46 restaurants with about 1,500 employees. The gastronomy concept and the Maredo brand have been modernised in recent years, focusing on the positioning on steak as a core product. This new concept was piloted in Berlin’s Gendarmenmarkt flagship restaurant, which opened in April 2016, after comprehensive refurbishment and which subsequently has generated substantial
Omnes Capital has launched a new FPCI (Fonds Commun de Placement dans l’Innovation) mutual fund investing in innovative companies – Capital Invest PME 2017.
The fund will allow individuals to benefit from tax advantages provided for by the French TEPA law in respect of ISF wealth tax (impôt de solidarité sur la fortune) and income tax, while also benefiting from the growth potential of French and European SMEs.
A total of 80 per cent of the Capital Invest PME 2017 fund will be invested in French and European SMEs. The remaining 20 per cent will be invested in
Oakley Capital Investments’ Oakley Capital Private Equity III has reached an agreement to acquire a majority stake in TechInsights.
Fund III is expected to invest USD49.9 million in the business and will invest alongside Henry Elkington, the CEO of the current parent company (AXIO), who brings extensive experience in the industry and will become chairman of TechInsights at completion.
The company’s indirect contribution through its interest in Fund III is expected to be approximately GBP18.2 million.
TechInsights specialises in the intellectual property and technology services market, in particular semiconductor reverse engineering, which is used to prove patent
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has introduced a risk-proportionate regulatory framework for managers of venture capital (VC) funds, the first of its type in the MENA region.
With immediate effect on 15 May 2017, VC managers will not be subject to any base capital requirement or expenditure based capital.
In close consultation with industry players, the tailored regulatory framework for VC managers simplifies the applicable regulatory requirements while maintaining the necessary safeguards to ensure that they operate in a safe and sound manner.
The framework is a further enhancement to
Private equity trade association Invest Europe has published its 2016 European Private Equity Activity report revealing that fundraising for investment into companies across Europe hit its highest level since 2008 last year at EUR74.5 billion, a 37 per cent year-on-year increase.
The report reveals private equity investments totalled EUR53.7 billion last year, the second highest amount since 2008. Almost 6,000 companies across Europe benefited from investment, 83 per cent of which were small and medium-sized enterprises (SMEs). Exit activity remained robust at EUR38.9 billion, divested at cost.
“This data demonstrates high investor confidence in European private equity, in an otherwise
Tecum Capital has launched a new control equity buyout platform, Tecum Equity Partners III.
The entity is a committed pool of capital backed by Western Allegheny Capital, a family office focused on control equity acquisitions.
The nature of the platform allows for a longer term time horizon and a business friendly approach to ownership transitions and successions.
“Partnering with Western Allegheny adds a new dimension to our investment focus and an additional stable source of capital for our team,” says Stephen J Gurgovits, Jr, managing partner of Tecum Capital Partners. “As a family office platform, we have
Highland Capital Management Korea, an affiliate of Dallas-based alternative investment management firm Highland Capital Management, has closed a healthcare-focused private equity fund, with approximately USD147 million of total capital commitments.
South Korea’s National Pension Service (NPS) served as the anchor investor.
Highland’s private equity fund is its first healthcare sector-specific undertaking in Asia. While Asian investors have shown increased interest in the sector during the past two years, most investments made to date were on a direct basis or via multi-purpose funds.
Investors participating in the Highland fund with NPS Korea have specific objectives within the healthcare
Vistra, a corporate service provider of international incorporations, trust, fiduciary, private office and fund administration services, has acquired the compliance division of Foster Raffan, a boutique chartered accounting firm based in Sydney, Australia.
Commencing business under the current owners in 1995, Foster Raffan provides accounting and tax, audit, and wealth management services.
The firm commenced business under the founding partners in the 1970s. The compliance division has grown in the past 20 years as one of the leading business units within the firm, providing accounting, business planning and monitoring, payroll and company secretarial services, superannuation administration and tax
Ogier has acted as Luxembourg counsel to Paladin Capital Group on the structuring and launch of a fund investing in and developing global cyber security assets.
The Luxembourg-based European Cyber Fund, whose cornerstone investors include side-by-side commitments from the European Investment Fund (EIF) and Luxembourg Future Fund, is managed by Paladin and invests in cyber security companies throughout Europe and worldwide.
Paladin has offices in both Europe and the US and works closely with governments, universities, research and development companies and entrepreneurs in the cyber security domain. Since its inception, it has committed more than USD1 billion across multiple
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
