Managers
Convertible bonds were prominent among the 203 newly listed securities on the Channel Islands Securities Exchange (CISE) during the first half of 2015.
The number of new listings is up 14.7 per cent on the same time last year and takes the total number of listed securities on the CISE to 2226 at the end of June 2015.
Fiona Le Poidevin (pictured), Chief Executive Officer of the CISE, says: “It has been a strong start to the year for the CISE and it is especially encouraging that we have developed a new pipeline of business in convertible bonds.
With its rich industrial heritage, large urban centres and sizeable working population, the Midwest region is a major contributor to US GDP. Preqin presents an overview of the private equity industry in this business hub, which you can download for free.
Read the full factsheet here, which contains key charts, tables and information on the private equity industry in the Midwest US.
DW3 Products Group has provided an additional GBP2m in funding to Window Widgets and Solidor to help scale up production capabilities.
The new funding has been split evenly across new plant and machinery and the development of new and original product lines.
Window Widgets was founded in 2004, and has become the first port of call for key components for the fenestration sector, while Solidor is best known for its original door designs.
In addition to this, DW3 has also invested heavily in new premises, with new 28,000 sq ft sites opened in Gloucester and Stoke. As a
CIT Healthcare Finance served as Joint Lead Arranger in a USD135 million senior secured credit facility to support Arlington Capital Partners’ (Arlington Capital) acquisition of Avalign Technologies (Avalign).
Arlington Capital is a Washington, DC-based private equity firm. Headquartered in Lake Forest, IL, Avalign is a premier, full-service, precision manufacturer of implants and instruments, specialty instrumentation, cutting tools, and cases and trays to orthopaedic medical device and specialty surgical markets. Financing was provided by CIT Bank, the principal bank subsidiary of CIT.
Matt Altman, a Partner at Arlington Capital, says: “Avalign is an established leader in the large and growing
WuXi PharmaTech (Cayman) Inc (WuXi) has entered into a definitive Agreement and Plan of Merger with New WuXi Life Science Limited (Parent) and WuXi Merger Limited (Merger Sub), a wholly owned subsidiary of Parent.
Pursuant to the Merger Agreement, Parent will acquire the Company for cash consideration equal to USD5.75 per ordinary share of the Company (each, a "Share") and USD46 per American Depositary Share of the Company, each representing eight Shares (each, an "ADS"), or approximately USD3.3 billion in aggregate cash consideration. This represents a 16.5 per cent premium over the closing price of USD39.50 per ADS as quoted by
Restoration Partners, the London-based technology-focused merchant bank, has secured start-up funding for We Are Briqs. A member of the Restoration Alpha Angels network, who is an experienced and successful investor in Fintech companies, has provided the backing.
We Are Briqs delivers white-label, plug-and-play solutions for retail banking. Their products create safe and rich personal experiences, and allow for more meaningful brand engagement. Solutions include digital identity verification, a micro-charity donations platform and digital "jam jars" to encourage financial planning and saving.
Lee Travers, CEO, We Are Briqs, says: "We are operating in an extremely fast-moving environment and we need
Concept Life Sciences, a scientific laboratory and consultancy group has acquired CXR Biosciences as it continues its acquisition spree in the fast-growing CRO market.
This marks its fourth acquisition since the Manchester-headquartered company was formed last year following investment from European private equity firm Equistone Partners Europe. The group acquired Peakdale Molecular, Resource & Environmental Consultants and Scientific Analysis Laboratories in a USD100 million enterprise value deal in July 2014.
Led by Executive Chairman Michael Fort and Chief Executive Officer Alan Morgan, the Concept Life Sciences Group has over 600 staff in 11 locations, with advanced plans for further
Global macro hedge funds appear to be maintaining a contrarian stance versus the market when it comes to positioning on government rates.
In recent weeks, managers have secured gains by taking long positions in the US and Europe thanks to a global decrease in both short- and long-term rates in fixed income markets. In the middle of July, US 10-year Treasuries were yielding 2.45 per cent, since when they have fallen to 2.16 per cent (at the time of writing). Lower yields arise when economies aren’t firing on all cylinders. Whilst the US economy has shown signs of improvement, the
The closing date for MPH Ventures’ acquisition of a 20 per cent interest in Travelucion SL in exchange for common shares of MPH Ventures and USD100,000 in cash with an option to acquire the remaining 80 per cent interest, has been extended to 30 September.
Travelucion is a cash-flow positive online travel media company that specialises in travel marketing, electronic reservation and online booking solutions for international visitors to Cuba. It owns one of the most significant portfolios of Cuba focused web properties and domains that have been promoting Cuba and offering online travel services to the Caribbean nation since
The Lyxor Hedge Fund Index was up +1.3 per cent in July. 8 out of 12 Lyxor Indices ended the month in positive territory, led by the Lyxor CTA Long Term Index (+4.6 per cent), the Lyxor Global Macro Index (+2.6 per cent), and the Lyxor Variable Bias Index (+2.3 per cent).
A macro month with markets left in the passenger seat driven by highly speculative catalysts. They were bound to follow the unpredictable jolts of the intensifying Greek saga ahead of the July 20th repayment deadline. The eleventh hour deal allowed a recovery in risky asset. 3000 km away from
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