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By Jude Scott, CEO, Cayman Finance – As the unprecedented year that has been 2020 draws to a close, we can look to the year ahead with some optimism. That’s in part due to the resilience of the Cayman Islands financial services industry, which continues to meet evolving global best practices.
Our jurisdiction has been recognised by the European Union as a cooperative jurisdiction on all criteria for tax transparency and fair taxation. This should provide some comfort to investors who are increasingly engaged in a flight to quality, relocating their resources based on extensive assessments of which financial centres
By A Paris – In what has been a rollercoaster year from all perspectives, 2020 saw the Cayman Islands being first placed on the European Union blacklist in February, followed by its removal from said list in October, after it made improvements to its tax framework.
The jurisdiction, best known as a domicile of choice for hedge funds and alternative investments, has introduced a spectacular 19 new pieces of legislation in its steadfast endeavour to strengthen oversight and ensure the Cayman Islands industry is aligned with global standards.
Elemental to Cayman’s removal from the EU blacklist was the enhancement of its framework
By Jude Scott, Cayman Finance – In August 1864, 900 miles almost due North of the Cayman Islands, US Navy Rear Admiral David Farragut faced a pivotal moment. Leading a squadron charged with attacking Confederate forces in Mobile Bay, Alabama, Farragut’s flotilla encountered tethered mines known then as “torpedoes” which ultimately threatened his mission and his men. Acting decisively to navigate around the threat and pursue his objective, Farragut uttered the phrase that has now passed into military lore: “Damn the torpedoes! Full steam ahead!”
Leaders in every walk of life will meet challenges that could distract their focus, diminish
Wallbox has closed a EUR33 million financing round to help propel the company’s expansion into new markets and meet global demand for its award-winning Electric Vehicle charging solutions.
The investment is the latest endorsement of Wallbox’s proprietary technology and support for its mission to reduce the world’s dependence on fossil fuels. The round was led by new investors Cathay Innovation and WIND Ventures with participation from existing investors Iberdrola and Seaya Ventures, and others.
The new funds will finance strategic growth initiatives including the opening of new offices globally, expansion of manufacturing and R&D facilities and the hiring of more
Thorntons Investment Management Limited has been provided with funding to support the acquisitions of Matheson Financial Consulting Limited and Sonas Wealth Management Limited by leading alternative finance provider for mid-sized SMEs, ThinCats.
Thorntons Investment Management is an Independent Financial Advisor providing a range of wealth and asset management services to high net worth individuals and corporate clients, specialising in investment management and wealth planning.
The company was set up in 1995 and today has significant Assets Under Management. Thorntons has offices in both Dundee and Edinburgh, with the acquisition of Matheson Financial Consulting seeing their services extend to Aberdeen.
As
International law firm RPC has appointed corporate lawyer Connor Cahalane as a partner.
Cahalane joins a rapidly expanding Commercial practice which has added six new partners in the last eight months, having recently hired Tom Purton as well as internally promoted Henry Priestley, Chris Brierley, Ben Roberts and Andrew Carpenter to partner last year.
Cahalane will be joining RPC’s top-ranked corporate team, which is part of the firm’s Commercial practice, and is recognised as one of the leading and most comprehensive Commercial practices in the City, spanning the firm’s sector focus on retail, technology, media and insurance. Connor’s hire
Reckitt Benckiser’s (RB) venture division has led a GBP4 million funding round in India-based Bombay Shaving Company (BSC).
With a mission to make high-quality health, hygiene and nutrition accessible to all, RB’s venture arm is partnering with early-stage start-ups who share its ‘fight for access’.
Launched in 2016, BSC has a portfolio of over 100 products across shaving, bath and body, skin, and beard care. RB’s investment will support the company’s plans to scale its operations and provide BSC with access to RB’s global scale, expertise and mentorship, helping to grow the start-up as the leaders in men’s wellness.
Arjun
Palatine, a mid-market private equity firm, has appointed Tim Crowley as Director of Investor Relations.
He will work alongside Gary Tipper, Palatine’s Managing Partner, and the business’ senior management team to support current investors and develop relationships with new Limited Partners.
Crowley’s remit will include both of Palatine’s current funds: the Buy-Out Fund which invests between GBP10 million to GBP30 million in high-growth mid-market companies with strong management teams; and the Impact Fund, which invests up to GBP10 million in innovative, profitable businesses that can create a clear positive impact on society or the environment.
With more than
European private equity firm Montagu Private Equity (Montagu) is to acquire a majority position in ITRS Group (ITRS), a global provider of real-time monitoring and analytics software from TA Associates (TA), who will remain a minority holder alongside Montagu and Management.
Completion is expected next month, subject to customary closing requirements. The terms of the transaction have not been disclosed.
ITRS’ software portfolio supports the “always on” enterprise, ensuring operational resilience for businesses operating in environments where technology failure means business failure. Headquartered in London, the company has established itself as an innovative and trusted partner, and today has over
Levine Leichtman Capital Partners (LLCP) has expanded its US Investment Originations Team with the hiring of Debbie Habib as a Director.
Habib will be based in LLCP’s New York office and is responsible for the origination of new investment opportunities and investment due diligence with a focus on the Northeastern US.
Michael Weinberg, Managing Partner of LLCP, says: “We are excited to continue the growth of our US. Investment Originations Team with the addition of Debbie Habib. Debbie will be a critical part of our continued success, as she brings significant investment experience and a large network of referral
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