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Global investor services group, IQ-EQ, has appointed Colin Targett as Managing Director of its Bermuda and Cayman Islands operations.
This strategic new hire follows other senior appointments announced in recent months evidencing the Group’s drive to build its Funds, Private Wealth and Corporate servicing operations in the region.
Targett brings to IQ-EQ more than two decades of senior experience in the fund services space. A qualified chartered accountant by academic training, his career originally began in Bermuda where he spent 10 years working with a number of blue chip organisations, driving forward business growth and leading on all technical aspects of
Tel-Aviv based venture capital firm Crescendo Venture Partners is launching its new VC fund planned which is aiming to raise USD80 million-USD100 million.
The new fund, which has completed its first closing and is planning to have its final closing in the first half of 2020, is managed by a group of seasoned venture capitalists with over 75 years of cumulative experience on both sides of the table, in partnership with the Switzerland based Crescendo Group, which manages client assets in excess of USD 3 billions of dollars from across its eight offices in Geneva, London, Guernsey, New York, Miami, Madrid,
Pantheon has appointed Rakesh (Rick) Jain as Partner and Global Head of Private Debt based in the firm’s New York office.
Pantheon has been active in private debt investments since 1997, with approximately USD1.5 billion committed to investment opportunities across secondaries and primaries. The firm formed a dedicated practice last year to support its demand-led expansion across the private debt asset class. Pantheon plans to hire additional resources in both London and New York. Currently, Toni Vainio, Principal, leads European private debt origination and investments while Francesco di Valmarana chairs the Global Credit Committee. Rick will join the GCC together
Monroe Capital (Monroe) has acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support Centre Partners’ investment in Wisconsin Cheese Group Holding, (WCG), a manufacturer of branded and private label Hispanic foods, including cheeses, desserts, meats and spices.
Founded in 1985 and based in St Paul, Minnesota, WCG maintains an attractive portfolio of trusted, authentic Hispanic food brands, including La Morenita, El Viajero, Reynaldo’s, El Chilar, Lisy, and Orale!, alongside extensive private label capabilities.
WCG has nationwide distribution with a strong presence within the mass, club, grocery and specialty
Crestbridge has been granted a funds administration licence in Luxembourg in a move that significantly bolsters the company’s capabilities in the jurisdiction and its multi-jurisdictional proposition for alternative fund managers.
Granted by Luxembourg’s financial services regulator, the Commission de Surveillance du Secteur Financier (CSSF), the new licence enables Crestbridge to provide a broad range of fund administration services from Luxembourg, complementing the well-established Management Company (ManCo) solution already provided from the jurisdiction.
Crestbridge established its ManCo in Luxembourg in 2011 and was one of the first businesses to establish an AIFM in early 2014, providing a third-party management company solution for
LDC, a mid-market private equity investor, has added to its team in Yorkshire with the appointment of Leigh Daveran as an Investment Director.
Daveran will work closely with LDC’s Head of Yorkshire and the North East John Garner and the LDC team to drive new investment opportunities across the region’s growing community of medium-sized businesses. Daveran will also have responsibility for supporting the management teams of LDC’s portfolio businesses across the region.
Prior to joining LDC, Daveran spent eight years as CFO of private equity backed building product manufacturer Synseal Extrusions. During his tenure he led an acquisitive growth
Align Capital Partners’ (ACP) portfolio company Pleatco Filtration (Pleatco), the market leading manufacturer of aftermarket cartridge filters for the industrial air and pool/spa industries, has acquired TVS Filters (TVS).
TVS designs and manufactures pleated filter cartridges, gas turbine inlet filters, and other filtration products for complex industrial air filtration applications.
“TVS has experienced tremendous growth due to our commitment to delivering high quality products with industry best lead times and high levels of customer service,” says Part Willings, President of TVS. “Pleatco Filtration’s manufacturing capabilities and deep engineering and marketing expertise are the perfect complement to our business and will
Companies ranked in the bottom 50 per cent of ESG performance are significantly more likely to attract activists’ attention, according to the findings of Alvarez & Marsal’s (A&M) latest analysis and predictor of shareholder activism in Europe, the A&M Activist Alert (AAA).
The study also predicts that the wave of activism across Continental Europe will continue to increase in 2020 as activists adapt their tactics to different markets and sectors, with tech companies a key growing target sector for activist shareholders. The UK however remains the largest market for activists and is home to 54 of the 158 European companies
Czech investment company Jet Investment has concluded a contract to sell its 100 per cent stake in MSV Metal Studenka to Moravia Steel. Terms of the agreement have not been disclosed.
“The selling of MSV Metal Studenka to a strategic partner is a successful outcome of our restructuring efforts that we have been making for the last seven years. In the course of our management, the insolvent company has become a clear market leader in the forgings and subassembly for railways in Europe. Since our entry, we have doubled the profits and revenues of the entire group,” says Marek Malík,
Dr Martin Bünning has joined global law firm Reed Smith firm as a partner in its Global Corporate Group where he will work alongside the international tax group advising on national and international transactions.
Joining from Ashurst, the tax lawyer and Steuerberater (tax adviser) with more than 20 years’ experience, is recognised among the industry for advising investors in real estate, alternative investments and funds, in addition to supporting clients on private equity, venture capital matters and cross-border M&A transactions. He also has considerable experience counselling clients on tax issues regarding securitisations, VAT and withholding taxes.
Bünning, who will
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