Firms falling within the remit of the FCA’s new Investment Firm Prudential Regime (IFPR) cannot afford to be passive. They need to set themselves on the right path now if they are to meet the January 2022 compliance deadline. Some firms have a long road ahead as the new rules mean a ten-fold rise in their capital requirements.
By A Paris – January 2022 may seem far away but the preparations financial services firms in the UK need to make to comply with the incoming Investment Firm Prudential Regime (IFPR) are considerable and they need to think about it now, if they haven’t done so already. The new rules are going to usher in significant change for a large swathe of firms active in the UK market.
Build-to-rent and PBSA investor Amro Partners has launched a venture capital arm in order to invest in proptech and fintech start-ups that are looking to solve pain points in property deal processes.
The European fund environment is increasingly attracting US private funds looking to invest in alternative assets and deploy capital. In partnership with Intertrust, Private Equity Wire is hosting a webinar to discuss some of the key themes that fund managers should consider when thinking about Europe from an investor perspective.
Browne Jacobson’s Corporate Technology team has advised Agilico Bidco Limited (Agilico), a workplace technology business, on its acquisition of the entire issued share capital of Diamond Group (Holdings) Ltd for an undisclosed sum.
Immersive Labs, the company empowering organisations to measure and improve cybersecurity skills across technical and non-technical teams, has closed a USD75 million Series C funding round led by new investors Insight Partners alongside Menlo Ventures, Citi Ventures and existing investor Goldman Sachs Asset Management.
ENSO, which is developing a revolutionary EV tyre that can increase the distance that an electric vehicle can travel and at the same time reduce tyre pollution (air and micro plastic pollution), has launched a crowdfunding campaign via the Crowdcube platform.
Aksiom Services Group, a partnership between Ara Partners and the Aksiom Group, has acquired Anesco Holdings, the parent company of the Anesco Group, for an undisclosed sum.
The Heubach Group (Heubach), in partnership with SK Capital Partners (SK Capital), is to acquire Clariant’s Pigments Business (Clariant Pigments).
Growthdeck, a private equity investment firm, has added Hugh Clark, a former Director of the Clarks shoes business, to its new advisory board.