Managers
Allegro MicroSystems Inc, a portfolio company of middle market private equity firm One Equity Partners (OEP), has completed its initial public offering (IPO) of 25,000,000 shares of common stock on the Nasdaq Global Select Market. The shares priced at USD14 per share at the top end of their expected range and trade under the ticker symbol ALGM, raising USD350 million in gross proceeds before deducting the underwriting discount and offering expenses. At the close of trading on 2 November, the company had a market capitalisation in excess of USD3.7 billion.
Allegro is a manufacturer of advanced sensing and power semiconductor technology
Logisly, a B2B tech-enabled logistics platform based in Indonesia, has closed a new USD6 million funding round led by Monk’s Hill Ventures.The funding will be used to scale Logisly’s operations in Indonesia, by growing their sales and vendor acquisition teams to strengthen its network of shippers and transporters and product development. This includes providing tools for shippers and transporters to improve their business operations.
Logisly CEO and Co-Founder, Roolin Njotosetiadi, says: “We are focused on digitizing the logistics industry in Indonesia, which remains largely fragmented. The industry continues to face a plethora of challenges such as fragmented ecosystem players, high
Zip Co Limited, a specialist in the digital retail finance and payments industry, has closed a AUD100 million debt funding agreement with Victory Park Capital (VPC).Zip offers point-of-sale credit and digital payment services to the retail, home, health, automotive and travel industries. This is Zip’s second transaction with VPC, having closed a AUSD108 million asset-backed warehouse facility with the firm in 2015 that later grew to AUD200 million, making VPC one of Zip’s earliest partners.
The debt facility from VPC will fund receivables and support the company’s recently launched Zip Business platform designed to support the small business community,
Warburg Pincus, a global private equity firm focused on growth investing, has entered into an agreement to acquire Sweeping Corp of America (SCA) from Soundcore Capital Partners. Financial terms of the transaction have not been disclosed.
The investment will allow SCA to accelerate its sales and marketing efforts and help the company identify strategic relationships and acquisition opportunities.
With over 1,000 employees in its 35 locations throughout the eastern half of the United States, the company’s key services include street and highway sweeping, parking lot sweeping, and jet vac services. Customers served include municipalities, state departments of transportation, commercial, infrastructure, and
GCA Altium has appointed Dr Jules Wurlod as ESG Director in a newly created role as ethical investing booms across the globe.GCA Altium has a strong history in ESG M&A advisory and has recently increased its emphasis on this area by forming a global ESG advisory team. GCA Altium has also recently introduced an internal ESG programme with a focus on creating a positive impact for all its stakeholders – including clients, shareholders, employees and communities. Jules will support GCA Altium’s deal teams on both ESG origination and execution, and also the internal ESG team with the development and implementation
By Stéphane Badey, Arendt – These are uncertain times, but three solid trends driving the Luxembourg investment funds market can be highlighted.
1. The continuous growth of the alternative investment strategies. Luxembourg has positioned itself as a jurisdiction of choice for alternative asset managers. As a consulting firm we are accompanying clients in their move to Luxembourg. This is made easier from a regulatory perspective by the adoption of a clear regulatory framework.
2. The further integration of ESG criteria into asset managers’ strategies. The upcoming regulations (SFDR*) are prompting asset managers to position themselves accordingly. Although many had already embraced
By Stephane Pesch, LPEA – As the world tumbles into a period of economic and political uncertainty, private equity relies on its long term investment strategy and eyes the calm after the storm. Meanwhile, investors and fund managers are drawn to the safe harbour of Luxembourg, one of the few they can rely on these days.
Luxembourg has built a reputation as a cross border platform mainly for its capacity to offer an advanced and complete set of legal tools that suit different investors’ needs, especially after the implementation of the AIFM directive. More recently, we observed a diversification of the
Q&A with Marcus Peter & Irina Stoliarova, GSK Stockman
What are the key trends currently driving growth and development within Luxembourg’s funds industry?
In 2019 Luxembourg fund industry revealed significant growth that was not slowed down in the first three quarters of 2020. As at 31 August 2020, the total assets under management (AUM) amounted to EUR4,696.762 billion compared to EUR4,617.395 billion as at 31 July 2020, showing an increase of 1.72 per cent over one month and over the last twelve months, the volume of net assets rose by 4.31 per cent.
Regardless of the fact that asset managers,
Luxembourg remains a key hub of fund distribution. However, the complexity of the European regulation has seen a rise in managers setting up more parallel funds in other jurisdictions. This is done to accommodate non-EU investors, who may struggle with the demands of the EU fund regulations.
“Something we’re seeing quite a lot of is managers setting up a fund in Cayman or Delaware for US investors, a Singapore or Hong Kong fund to cater for Asian investors and then a Luxembourg fund for the EU market,” observes Anja Grenner, Market Business Development Lead – Fund Services at TMF Group.
There are several macroeconomic factors which support further growth in the private equity, venture capital and real estate space in Luxembourg. Although events like Covid-19, the Brexit transition, US elections and the US-China trade war may damage this potential, managers can also find opportunity in the turmoil.
“There are huge amounts of capital in the markets. Unlike during the GFC, there is no shortage of debt, we’re not in a liquidity crisis. And we are still in a low interest environment – which isn’t going to change any time soon, so we’re going to see more money continue to move
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
