Managers
Softbank’s decision to choose a Jersey-based financial services company to administer its USD100 billion technology fund is expected to lead to more funds domiciling in the island.
The Softbank Vision Fund was launched in October 2016 with the aim of becoming the biggest investor in the technology industry over the next decade.
The decision to have the fund administered in Jersey has been described as a “game changer” in the selection of fund domiciles by several attendees at the Jersey Finance Annual Funds Conference in London last week.
Christopher Griffin, counsel at law firm Carey Olsen, says Softbank’s choice
Quilvest Private Equity, the private equity arm of the Quilvest group, and Antoine Henry, former head of Sage France, have acquired Eudonet, a publisher and integrator of CRM solutions, from its current founders (Christophe Morizot, Bertrand de La Villegeorges and Guillaume Bouillot) and additional shareholders NAXICAP Partners.
The acquisition will be made through an organised divestiture process. Financial terms have not been disclosed.
Eudonet is a publisher and integrator of generalist and verticalised CRM (Customer Relationship Management) solutions. Available in SaaS, Cloud and On Premise mode, Eudonet solutions are adapted to the needs of any type of structure: SMEs,
Middle-market private equity firm Genstar Capital has acquired Bracket, a scientifically-driven clinical trial technology and specialty services provider, from Parthenon Capital Partners.
Bracket offers solutions that help pharmaceutical and biotechnology companies, as well as contract research organisations, maximise clinical data integrity and ultimately improve outcomes with clinical trials.
Bracket has over 700 employees and delivers services in more than 90 countries to a diverse base of global customers, including 15 of the top 20 biopharma companies.
Jeff Kinell, chief executive officer of Bracket, says: "Bracket has built a strong reputation with its customers to help them increase efficiency
Tilak Healthcare, a start-up from the iBionext network developing medical video games for both the diagnosis and follow-up of chronic diseases, has secured funding of EUR2.5 million from iBionext Growth Fund.
The funds will help the company accelerate the development of its therapeutic mobile games, first targeting the ophthalmology field, with macular diseases.
The alliance of digital innovation and clinical expertise will allow Tilak Healthcare to offer screening and prevention solutions, thus leading to a better follow-up of many chronic diseases.
Edouard Gasser, CEO of Tilak Healthcare, says: “At Tilak we are proud to adapt the power of
French private equity market participants raised EUR14.7 billion in global commitments during 2016, up 51 per cent relative to 2015, according to a report from the Association Française des Investisseurs pour la Croissance (AFIC) and Grant Thornton.
These funds will be largely invested in French companies over the next five years.
Of the total raised, EUR4.1 billion came from just one Paris-based private equity firm, while 45 per cent came from abroad.
The share of foreign investors increased relative to the 10-year average. They accounted for 45 per cent of total fundraising in 2016 (compared with 37 per
Sealed Air Corporation is to sell its Diversey Care division and the food hygiene and cleaning business within its Food Care division (New Diversey) to Bain Capital Private Equity for approximately USD3.2 billion.
New Diversey will be a leading hygiene and cleaning solutions company that integrates chemicals, floor care machines, tools and equipment, with a wide range of technology based value-added services, food safety services and water and energy management.
It will continue to employ approximately 8,600 people globally.
Diversey Care and the related food hygiene businesses combined generated net sales of approximately USD2.6 billion in 2016.
SEI increased its assets under administration (AUA) by 25 per cent in 2016, with year-over-year net flows in its UK private banking business rising by 21 per cent.
The business, which provides outsourced investment processing technology for private banks and wealth management firms through the SEI Wealth Platform, ended the year with AUA at GBP31.6 billion, up from GBP25.2 billion in 2015 – an increase of 25 per cent.
In 2016 SEI also added WHIreland, Netwealth, and Munnypot to its client base and extended contracts with Danske Bank and Veritas Investment Management.
SEI’s data reveals that the 2016
UT business solutions firm Orion has acquired New York-based Structured Network Solutions (SNS).
Orion says the deal strengthens its capabilities in network design, directory authentication services, IT security policy, design strategies and storage solutions and adds strength to its market share in government, non-governmental organisations, and not-for-profits verticals.
It is Orion’s second acquisition in two weeks.
Headquartered in Melville, New York, SNS was co-founded in 1998 by Anthony Anastasio, Barry Dubson and Joe D'Agostino, who will remain in their current roles along with their team of 20 developers, architects, and systems engineers.
"SNS is Orion's second acquisition
Recently, investor demand has increased for private equity, hybrid public / private funds and alternative yield strategies such as direct lending, asset leasing and royalty streams. As such, the more complex nature of these strategies makes both pre- and post-investment due diligence far more important.
Swiss investors, like all investors, have behavioural biases, which can lead to thorough pre-investment due diligence, but a more laissez faire approach to ongoing diligence post-allocation. Given that many of those "fashionable" strategies hold assets which can be hard to value and may have asset existence issues (assets are not held with a custodian or
According to last year's Preqin Global Hedge Fund Report, Asia Pacific's hedge fund industry had USD159 billion in AUM and the largest allocator, with USD29.9 billion of committed capital, was China Investment Corporation (China's Sovereign Wealth Fund).
In total, there are an estimated 1,709 active hedge funds being managed in the region, and whereas last year's performance relative to the global hedge fund industry was disappointing (1.76 per cent compared to 5.40 per cent), over a three-year period Asia hedge funds have outperformed the US and Europe, returning 6.84 per cent compared to 5.49 per cent.
These facts have not
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
