Managers
Primonial REIM has acquired Gecina’s healthcare division, Gecimed portfolio.
Clearwater International advised Primonial REIM on the strategic and financial analysis of the portfolio, raising the equity and debt, the organisation of due diligences and negotiations with the seller.
Primonial REIM acted for a club deal, gathering several institutional investors.
The portfolio includes 74 clinics and nursing homes for a total of 8,400 beds, valued at circa EUR1.35 billion, which reflects a net yield of 5.9 per cent.
Primonial REIM is one of the main real estate investors in the French market with EUR2 billion invested in 2015;
Aurelius Rho Invest is to acquire the European business activities of the US-based Office Depot.
Once the consultation processes with various employee representative bodies at the Office Depot Group in France have been concluded, the seller will be able to conclude an already negotiated purchase agreement.
The two parties have agreed on exclusivity during this period. The transaction, which is subject to the approval of the relevant anti-trust authorities and further closing conditions, is scheduled for completion in the next few months.
Office Depot Europe, which operates in 14 countries across Europe and has approximately 6,500 employees, has
D’Ieteren is to acquire a 41 per cent stake in Milan-listed Moleskine from reference shareholders Appunti (Syntegra Capital) and Pentavest (Index Ventures), at EUR2.40 per share, valuing the company equity at EUR506 million.
After closing of the acquisition, which is subject to German anti-trust clearance, D’Ieteren will launch an unconditional mandatory takeover offer on the remaining shares at the same price (EUR2.40 per share) with no minimum threshold of ownership in the course of Q4 2016.
If the applicable threshold is reached, D’Ieteren intends to delist Moleskine from the Milan stock exchange. This remaining investment will be financed through
Listed private equity (LPE) funds have been trading at wide discounts to net asset value of more than 20 per cent, despite good investment performance over the last five years, according to research by international equity research and investor relations firm, Edison.
The first in Edison's series of in-depth reports on the LPE sector, examining key opportunities and issues for investors, reveals that recent corporate activity underpins a potential value case, with the market starting to understand the mis-match between low LPE valuations and strong investment performance.
The report highlights that LPE funds are easily accessible and open up
Energy-focused private equity funds manager TPH Partners has formed a partnership with Antioch Energy, an Oklahoma City oil and gas exploration and production company.
With roots dating back three generations in oil and gas, Antioch Energy is led by Kevin Dunnington, chief executive officer, and Nathaniel Harding, president.
Antioch Energy changed its name from Harding & Shelton Exploration when the formative transaction closed earlier this month.
“Everyone on our management team has run their own independent oil and gas company and brings a tremendous amount of experience, technical expertise and knowledge to the table,” says Harding. “Add to
The Maltese Notified Alternative Investment Fund (NAIF) fills a gap in Europe's fund market. According to Dr Stefania Grech, Financial Services Associate, Chetcuti Cauchi Advocates, an unregulated fund was the one product missing in the Maltese Fund Industry. "Now, from a European perspective, there is no discrimination when it comes to the creation of an unregulated vehicle, offshore versus onshore.
"The NAIF regime could create an opportunity for investment managers to set up an onshore European structure to market to European investors. This could be done pari passu to the offshore fund, creating the possibility for fund managers to have
On 10 June 2016, Malta burnished its reputation when the Malta Financial Services Authority (MFSA) launched the Notified Alternative Investment Fund (NAIF) regime through the publication of the Investment Services Act (List of Notified AIFs) Regulations in the Malta Government Gazette.
This sets the scene for fund promoters to launch AIFs through Malta by means of a light touch notification process without having to go through a full licensing process with the MFSA. Rather, the NAIF may be launched by full-scope AIFMs authorised by the MFSA under the Investment Services Act, who will shoulder the responsibility of oversight and compliance.
Whether it’s providing AIFM management company solutions, depositary lite solutions, or simply providing start-up managers with a high-touch level of service, Malta’s service provider community continues to evolve with the times.
The attractions of Malta's Notified AIF regime have been well documented in this report and whilst it presents a unique opportunity for authorised AIFMs, the regime will not necessarily be applicable to start-up and emerging managers.
These are very much the lifeblood of Malta. Catering to this market segment has helped to differentiate the island from other, more established fund jurisdictions. So whilst the NAIF regime is an important
Dr Louis de Gabriele, head of Camilleri Preziosi Advocates’s Corporate and Finance practice group, outlines the benefits of Malta’s Notified AIF (NAIF) regime…
"In my view, the main benefits are twofold," says Dr Louis de Gabriele, head of the Corporate and Finance practice group at Camilleri Preziosi Advocates, when discussing the newly introduced Notified AIF (NAIF) regime.
"Firstly, the NAIF regime will significantly condense time to market for these types of funds. Indeed, the MFSA has committed itself to list funds on the `Notified AIF List' within ten business days from the submission of a complete notification pack, which will
Apex Fund Services has been operating in Malta since 2008 and has seen, first hand, how quickly the island has evolved into one of Europe's leading onshore fund jurisdictions.
Following the chaos of the financial crash, start-up managers chose Malta because it represented a cost effective option. This worked to Apex's advantage but as Paulianne Nwoko, Managing Director of Apex Fund Services (Malta), points out: "Over the years, Malta has evolved into an established financial jurisdiction with a deep pool of professionals spanning all aspects of the funds industry; law firms, audit firms, fund administrators, and, to a lesser extent,
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
