Managers
Solar Capital has chosen Ultimus Fund Solutions to provide fund accounting support for the firm’s Business Development Companies (BDCs) as well as middle and back office support for its growing Separately Managed Accounts (SMA) business.
Solar will utilise Ultimus’ experience and technology to add efficiencies to the firm’s fund accounting and reporting for complex investment classes, including middle market senior secured loans.
Under the terms of the agreement, Ultimus will provide fund accounting for Solar Capital’s funds, including certain processing services related to bank debt investing. Ultimus will also provide fund accounting and other middle office services to support
Illuminate Financial Management has closed the first round of capital raising for its new IFM Fintech Opportunities Fund, co-led by financial information services provider Markit and Deutsche Börse Group to further invest in the most promising early stage fintech companies.
“We are delighted to announce the first close of the Illuminate Fintech Opportunities Fund,” says Mark Beeston, Managing Partner and Founder of Illuminate Financial Management. “Markit and Deutsche Börse are global fintech leaders whose clients will benefit from the technology firms Illuminate is already backing. We are pleased to have them both as lead investors.”
“Investing with Illuminate gives
Carey Olsen's Guernsey corporate team has advised on the successful initial public offering (IPO) of Axiom European Financial Debt Fund Limited and its admission to trading on the Specialist Fund Market of the London Stock Exchange.
The fund raised approximately GBP50.7 million and included a placing programme to issue up to 500 million shares.
The new Guernsey fund will invest in a diversified portfolio of regulatory capital financial investments issued by European financial institutions.
Carey Olsen's Guernsey corporate practice advised on the Guernsey aspects of the IPO alongside Berwin Leighton Paisner. Liberum Capital Limited is the fund's sole
A global study of 100 senior executives at life sciences companies by global law firm Reed Smith, in partnership with Mergermarket, reveals that 94 per cent are planning to make an acquisition in the next year.
A further 87 per cent are expecting these to be cross-border transactions.
The report, Life lines: Life sciences M&A and the rise of personalised medicine, explores the main drivers behind the pursuit of cross-border life sciences deals, the challenges faced in executing those deals, and how advances in personalised medicine may change the face of the industry.
The first six months of
Palamon Capital Partners has acquired a majority stake in The Rug Company from its founders Christopher and Suzanne Sharp, who will continue to hold a significant stake in the Company, and minority shareholder Piper.
The terms of the transaction have not been disclosed.
The Rug Company is a global brand in luxury handmade rugs with an established international sales presence through 10 own showrooms and a number of franchisees and concessions worldwide, generating sales of GBP23 million. Founded in 1997 by husband and wife team Christopher and Suzanne Sharp, the Company sells a range of more than 300 high-quality,
Kebony has raised NOK177.5 million (EUR19.05 million) to fund a second European factory. Finance has been secured via the issue of NOK140 million of new shares and a subordinated loan of 37.5 million NOK. PMV and Investinor lead the new investment round, which was open to both new and existing investors.
Following many years of strong growth, the demand for Kebony – a sustainable alternative to tropical hardwood – is about to exceed current production capacity at its facility in Vold, Norway. The proceeds of the raised capital will primarily be used to build a second factory in Belgium, scheduled
KeBeK Private Equity is to acquire a controlling stake in Belgian car superstore chain Cardoen from Karel Cardoen. The transaction marks the first investment made by the second KeBeK fund, which was established last June.
Karel Cardoen remains an important shareholder of Cardoen and, together with KeBeK, will now lead further expansion of the company.
KeBeK participates in solid, medium-sized companies with identifiable potential for further growth and value creation. KeBeK actively supports the management of its participations in corporate strategy execution without playing an operational role. KeBeK I counts eight participations, six of which were taken over from
Consumer electronics developer Netatmo has successfully raised EUR30 million in a funding round led by Legrand, a specialist in electrical and digital building infrastructures.
Existing investors Iris Capital, Ambition Numérique and Pascal Cagni also participated while Fred Potter and Netatmo’s other founders remain majority shareholders.
“Thanks to the quality of our products and our ability to conquer new markets, our turnover is constantly growing in our home market and internationally,” says Potter. “These outstanding results prove the relevance to our approach and the excellent capability of our teams. We welcome Legrand as our new investor and are very proud
Venture capital trust (VCT) provider Octopus Investments has launched a GBP30 million fundraise for Octopus Apollo Venture Capital Trust (Apollo VCT).
The new share offer for Apollo VCT comes just two months after Octopus Titan Venture Capital Trust (Titan VCT) launched a GBP50 million fundraising offer.
Launched in 2006, Apollo VCT seeks to invest in established, profitable companies with the aim of providing investors with a regular tax-free dividend income and has built a strong track record of delivering regular returns on an annual basis. It paid its first dividend in 2008 and since then has paid out a
Open source solutions provider Smile is in exclusive negotiations to acquire Open Wide, a move that will broaden the Smile’s offering while strengthening its position in the open source sector.
European growth private equity investor Keensight Capital, the majority shareholder in Smile alongside Edmond de Rothschild Investment Partners (Cabestan), has been working with Smile’s management team since the end of 2013, particularly by guiding the company in successfully deploying its external growth strategy.
Founded in 2001, Open Wide has built a rosta of blue chip clients, including Airbus, Thales, Safran and Samsung. The company employs nearly 150 people though
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
