Managers
International law firm Simmons & Simmons has advised Funding Circle SME Income Fund Limited on its placing and offer for subscription of GBP150 million ordinary shares in the Company, the establishment of a GBP350 million share issuance programme, and the Company’s admission to the premium segment of the official list and trading on the LSE’s main market.
The prospectus relating to the Issue was released on Thursday 12 November and Admission occurred this morning.
The Funding Circle group operates marketplace lending services which allow investors to lend money directly to small and medium sized businesses (SMEs). Funding Circle is
Private equity firm GTCR is to acquire Park Place Technologies, a third-party maintenance (TPM) provider offering post-warranty data center maintenance services to clients around the world, from WestView Capital.
Headquartered in Cleveland, Ohio, Park Place offers expertise across all major OEMs and has capabilities to support customers on a global basis. The Company currently provides its services to more than 5,000 customers in over 70 countries including cloud service providers, SMB and Fortune 500 companies.
As part of the transaction, GTCR will partner with CEO Ed Kenty and the Park Place management team as they continue to grow and
Private equity funds managed by Blackstone and KIRKBI are to acquire Armacell,a manufacturer of flexible foam products for equipment insulation and technical applications, from Charterhouse.
The company operates within two main businesses, Advanced Insulation and Engineered Foams. The Advanced Insulation business develops flexible foam products for the insulation of mechanical equipment in a range of end markets where energy distribution is required, such as commercial and residential construction, industrial applications, and the oil and gas industry. The speciality insulation products are primarily used for air conditioning and plumbing pipes. The second division focuses on speciality light Engineered Foams for use
On 28 August 2015 Aberdeen Asset Management PLC launched a USD500 million liquid alternatives fund – the Aberdeen Alternative Strategies Fund – designed to give investors access to a portfolio of alternative strategies. At the time, Morningstar quoted Andrew McCaffery, global head of alternatives at Aberdeen as saying: "Alternative investment strategies are becoming increasingly central to client portfolios and moving into the mainstream. This is why we have seen such strong demand for this fund. Many investors are constrained by complexity, liquidity, transparency and regulation."
This follows Aberdeen's acquisition of leading fund-of-hedge-funds manager Arden Asset Management and is just one
Noerr has advised the SDAX company SAF-HOLLAND SA on taking up a promissory note loan for EUR200 million. The Noerr team was led by the Noerr partners Dr Martin Kleinschmitt and Dr Nikolai Warneke.
The promissory note loan was placed with institutional investors in Germany and abroad. It was arranged by a banking consortium consisting of Commerzbank Aktiengesellschaft, HSBC Trinkaus & Burkhardt AG, IKB Deutsche Industriebank AG and UniCredit Bank AG.
For financing and capital market transactions, SAF-HOLLAND regularly relies on the legal advice from Noerr. In October, a team led by Martin Kleinschmitt and Nikolai Warneke also legally
Investment company Kinetix, a specialist in disruptive technologies, is teaming up with Formula E to launch Roborace, a new motor racing championship for dirverless electric powered cars.
This new championshiwill provide a competitive platform for the autonomous driving solutions that are now being developed by many large industrial automotive and technology players as well as top tech universities.
The plan is for Roborace to form part of the support package of the FIA Formula E Championship, with the first race intended to take place during the 2016-2017 season. Roborace is aimed to take place prior to each Formula E
Private equity funds managed by Blackstone and KIRKBI A/S are to acquire Armacell, a manufacturer of flexible foam products for equipment insulation and technical applications, from Charterhouse.
The company operates within two main businesses, Advanced Insulation and Engineered Foams. The Advanced Insulation business develops flexible foam products for the insulation of mechanical equipment in a range of end markets where energy distribution is required, such as commercial and residential construction, industrial applications, and the oil and gas industry. The speciality insulation products are primarily used for air conditioning and plumbing pipes. The second division focuses on speciality light Engineered Foams
Barcelona-based pharmaceuticals company Almirall is to acquire one hundred per cent of the share capital of Poli Group Holding, the holding company of Poli Group, which comprises three operating companies – Taurus Pharma, Polichem SA and Polichem Srl.
Poli Group has a diversified and growing portfolio of proprietary and well-established drugs, focused on Dermatology and complemented with a strong portfolio of Gynaecology and Respiratory products, the latter promoted through distributors. The acquired brands include Ciclopoli, the flagship product that has led Poli Group to become a world leader in nail diseases (onychomycosis), a large and underserved market affecting approximately 10-15
BaltCap portfolio company Impuls LTU, the operator of Lithuania’s biggest fitness chain Impuls, is to acquire Estonia’s Arctic Sport Clubs creating the first pan-Baltic fitness centre operator in the region.
The company signed a share purchase agreement with the Estonian chain operator on Wednesday. Sales of Arctic Sport Clubs are expected to reach EUR2.3 million in 2015.
Impuls LTU and Arctic Sport Clubs announced that Impuls LTU will acquire all of the outstanding shares of the company that owns the Arctic Sport Club chain. The acquisition will be financed by Nordea Bank and BaltCap Lithuania SME Fund and is
The number of Europe-focused private equity funds of funds to close so far in 2015 is at its lowest ever level, with just seven vehicles having held a final close. Despite slow fundraising, 2012 vintage funds have seen the highest median IRR historically and a substantial number of European investors are still showing an interest in committing to this strategy. In its latest factsheet, Preqin compiles the latest data on the European fund of funds market.
Read the full factsheet here.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
