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Liontrust has agreed to acquire Majedie for an initial consideration of GBP80 million (including regulatory capital) plus up to GBP40 million for excess NAV and deferred consideration.
Majedie’s institutional fund management team will be joining Liontrust when the acquisition is completed in April 2022. On completion, the team will be renamed the Liontrust Global Fundamental team and continue to be headed by James de Uphaugh.
Shant H Chalian has joined Day Pitney LLP as counsel in the firm’s Investment Management and Private Funds practice, resident in its Stamford office. He joins the firm from Robinson + Cole.
Chalian’s overall practice is focused on fund formation, mergers and acquisitions, venture capital, and securities. He assists a range of clients, including private equity and hedge funds and their sponsors, large corporations, middle-market companies, family-owned businesses, and venture capital groups.
American Family Ventures along with new and existing investors including Bain Capital, ICONIQ Capital, LLC, G20 Ventures, Pillar, and General Catalyst, has led a USD60 million funding round in Hometap, a loan alternative for tapping into home equity without taking on debt.
The latest funding round brings total operating capital raised to date by Hometap to USD95 million.
Private markets have been growing almost exponentially over the last 10 years. As banks have pulled back from lending with regulations starting to bite, more private asset managers have put together lending strategies to replace what the banks traditionally provided in the market.
Covid correction
There was a sense that Covid-19 might provide a correction to this growth, especially as it has been 13 years since the last correction. Greg Myers, Group Sector Head – Debt & Capital Markets at Alter Domus, a leading provider of integrated solutions for the alternative investment industry, says: “Everyone thought that Covid would be
By A Paris – Having entered the year with a record fundraising pipeline, according to a report by McKinsey, private debt was set for success in 2021. And the asset class did not disappoint; with strong returns and growing inflows, investors continue to allocate to this sector in search of opportunity, risk mitigation and diversification.
Data from Pitchbook shows that private debt generated a 9.2 per cent in Q1 2021, with preliminary Q2 2021 returns of 9.1 per cent being suggested. Distressed debt, venture debt and infrastructure debt helped push the private debt returns overall to 15.2 per cent, according to
Crowell & Moring is expanding its financial services capabilities in London with the arrival of a new derivatives team. The team is recognised for its experience advising global investment banks and private equity funds on a range of complex structured finance and derivatives transactions in the US, UK, and European markets.
The diverse team consists of partners Jennifer Kafcas and Charles Wakiwaka, and counsel Alvino S van Schalkwyk and Lauren Blaber.
Browne Jacobson’s corporate health lawyers have advised specialist healthcare services private equity investor, Weight Partners Capital (WPC) on its investment in Grosvenor Health and Social Care (Grosvenor) for an undisclosed sum.
WPC’s investment will support Grosvenor in its ambitions for further geographical growth across the UK and will also give the organisation the opportunity to broaden out its service offering.
Global tax software provider Sovos has acquired Germany-based TLI Consulting, a specialist in value-added tax (VAT) determination.
TLI Consulting serves businesses whose transaction and tax determination needs are too complex or costly to configure and maintain via native SAP and in-house tax experts. The company’s software solution extends native SAP VAT determination functionality, and its consultants have the integration and implementation expertise to ensure that SAP ECC or SAP S/4 HANA enterprise resource planning systems can seamlessly determine the right VAT decisions and tax codes for any outbound or inbound transaction.
RA Capital Management has led an oversubscribed USD40,750,000 Series A round of financing in NanoMosaic, the developer of a suite of analyte interrogation technologies which has successfully exported its platform to leading hospitals and institutes.
Insight Partners, Pura Vida Investments, Time BioVentures and Tiger Gene also participated in the fundraising.
South Korean video game developer KRAFTON, Inc, maker of the popular battle royale game PUBG, has led a USD11 million Series B Round in Arabic mobile games publisher Tamatem Games.
Venture Souq, Endeavor Catalyst and existing investors also participated.
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