Managers
Pioneer Underwriting Limited has launched its Zero Capital AIFMD Investment Management Insurance Policy enabling full capital relief from the 'other funds' provision of the Alternative Investment Fund Managers Directive (AIFMD).
Current policies which meet the requirements of the directive, do not typically address the requirement that the policy excess be held as additional capital. Pioneer’s Zero Capital AIFMD Investment Management Insurance Policy, solves this problem by affording a nil excess for the first loss, requiring no additional capital to be held at the outset of the policy.
Richard Coello Head of Financial Institutions Underwriting at Pioneer, says: "I’m pleased
Brandtone has successfully raised EUR18.5 million in debt and equity financing.
US-based Ares Capital Corporation is providing approximately EUR12 million, with existing Brandtone shareholders Unilever, Syngenta, Verlinvest and Vision Private Equity providing a further EUR6.5 million collectively in equity.
The new funding will be used as working capital to support Brandtone’s immediate expansion into South East Asia and further expansion in Africa and Latin America.
It will also support the company’s entry in to new sectors, including the agri-food and healthcare, and enable it to invest in the leadership and innovation necessary to ensure its offering continues to
Noerr has advised Alteri Investors on the financing of the Basler Fashion Group.
Alteri, a joint venture funded by the private equity fund Apollo specialising in debt and equity financing in the retail industry, provided Basler Fashion GmbH with a working capital loan. Basler was previously taken over by the financial investor Tempus Capital.
Tempus Capital acquired the shares in Basler from a two-way trust into which the shares had been contributed at the prompting of a banking consortium led by Commerzbank. Prior to the acquisition, Tempus had taken over loan liabilities of the fashion group of ca. 80
Clearwater International has advised Staffgroup, on their acquisition by top 10 UK recruitment giant Cordant Group, the parent company of Cordant Recruitment.
Founded in 2003 Staffgroup specialises in recruitment in technology, finance, engineering and energy. It has offices in eight countries in Europe and the USA. The company, under joint Managing Directors Mark Znowski and Paul Flynn, has enjoyed exponential growth; last year the business increased turnover by 40%, to over EUR70 million.
Cordant Recruitment is split into four divisions, one of which is Professional Staffing. The division focuses on recruiting professionally qualified employees, ranging from High-Level Executives to technical
Private equity investor AE Industrial Partners has signed an agreement to acquire Belcan Corporation (Belcan), an engineering services and technical staffing provider in the aerospace, power generation and industrial markets.
Terms of the transaction, which is expected to close by the third quarter of 2015, have not been disclosed.
BelFlex Staffing Network, Belcan’s light industrial staffing subsidiary, is not included in the transaction.
Belcan is headquartered in Cincinnati, Ohio and has been family-owned since its founding in 1958. Belcan has more than 6,000 employees in 49 locations, including 26 engineering design centres and 23 TechServices locations, serving more than 600
Natixis has acted as Financial Advisor, Rating Advisor, Mandated Lead Arranger and Co-Hedge Coordinator for the EUR1.4 billion senior debt refinancing of French virtual power plant Exeltium.
The operation was achieved through an innovative financing structure, combining two pari passu tranches :
• a Bank Tranche of EUR1 billion;
• a tailored Institutional Tranche of EUR435 million, secured by Exeltium and bringing together 9 institutional investors.
This refinancing, effective upon drawdown as of 4 June 2015, offers Exeltium a 15-year tenor in line with the project’s duration.
Acting as Financial Advisor, Natixis assisted Exeltium in designing an innovative
Demands and nuances of Annex IV reporting across Europe could lead to a steady adoption of an outsourcing model among PERE fund managers.
Private equity and real estate (PERE) fund managers are having to adjust quickly to life under the AIFMD, specifically in relation to Annex IV transparency reporting. The majority of managers will have gone through their first iteration at the end of January 2015, and depending on the size of assets under management, AIFMs face the prospect of filing on a semi-annual or quarterly basis; this drops to annually if the manager is considered de minimis by running
Kensington Capital Partners (Kensington) has held the second closing of the Kensington Venture Fund (Fund) increasing total investor commitments to the fund to USD193 million.
The fund's second closing adds Torstar Corporation to the list of investors, and includes increased commitments from RichardsonGMP and other investors who participated in the initial round.
"We appreciate the confidence and support of all of our investors," says Rick Nathan, Managing Director, Kensington Capital Partners. "It is great to add new partners – and see increased commitments from some of our prior investors – as the portfolio gains traction with its investments."
Launched in
Price Res, a portfolio company of Nexxus IV Trust (Nexxus IV) and Nexxus Capital Private Equity Fund V, LP (Nexxus V), has acquired www.lostiquetesmasbaratos.com (LTMB), an international retailer of tourism services, based in Colombia.
LTMB operates mainly in Colombia, the United States and Mexico, and has a recognised brand with potential for expansion throughout Latin America. The business model of LTMB is executed by a management team with extensive operational and local market knowledge in the travel industry, and is complementary to Price Travel’s, thus benefiting from corporate and operational synergies.
Silverfleet Capital partners has closed its second buyout fund, Silverfleet Capital Partners II, at EUR850 million, some EUR150 million ahead of it’s initial target.
Fundraising, which was advised by Proskauer, began in the second half of 2014 attracted commitments from a range of investor types across various geographies, including insurance groups (42%), pension funds (29%), fund-of-funds groups (15%), sovereign wealth funds (9%) and family offices. Silverfleet II will focus its investments on mid-market enterprises with values of EUR75-250 million headquartered in the UK and Ireland, DACH, France and Benelux, and Nordic regions of Europe in the business and financial services,
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
