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Private equity firm Corsair Capital (Corsair) is to acquire a majority stake in Axo AS (Axo), a leading distributor of financial services products in the Nordic region. Financial terms have not been disclosed.
Axo was founded in 2008 and is a specialist in consumer credit and loan brokerage, partnering with leading banks in the region to achieve optimal credit solutions for consumers. Axo’s approach enhances the consumer experience through market-leading acceptance rates and terms, and adds value for its banking partners by lowering customer acquisition costs and broadening their reach. In recent years, Axo has bolstered its digital capabilities and
The value of regulated funds serviced in Jersey rose by 7 per cent to a new record high in the first half of 2019, according to the latest figures to be collated by the jurisdiction’s financial regulator the Jersey Financial Services Commission (JFSC).
Figures for the second quarter of 2019 (ending 30 June 2019) show that the net asset value of regulated funds under administration in Jersey grew by GBP22.1 billion over the first six months of the year to stand at GBP342.1 billion, a new record high and a figure that has grown by more than 70 per cent
Private markets asset management firm Hamilton Lane has appointed Niki Mangos as its Chief Technology Officer, based in the firm’s Bala Cynwyd headquarters.
Prior to Hamilton Lane, Mangos was Chief Information Officer (CIO) at Brandywine Global Investment Management, CIO for the Individual Products Distribution Division at Guardian Life, and a member of the Technology leadership team at Goldman Sachs Asset Management, among other roles.
“Hamilton Lane prides itself on our long history of embracing, and investing meaningfully in, technology and data – all with an eye towards delivering strong investment returns and an excellent client experience,” says Erik Hirsch,
SDCL Energy Efficiency Income Trust plc, a UK-listed investment company focused exclusively on the energy efficiency sector, is to acquire a portfolio of cogeneration assets in Spain for a total cash consideration of approximately EUR64 million.
The substantial majority of the portfolio’s revenues are investment grade, with nine operational projects providing in aggregate 125 MW of clean and efficient energy generation. The portfolio comprises five combined heat and power (CHP) plants, two olive processing plants and two biomass plants.
The CHP plants together meet the high combined electrical and thermal efficiency standards required by SEEIT from natural gas CHP
Shore Capital Partners (Shore Capital), a private equity firm focused on microcap investments within the healthcare and food and beverage industries, has secured a recapitalisation of Main Street Gourmet (MSG), a wholesale bakery based in Akron, OH.
MSG is a custom wholesale bakery providing frozen baked goods to retail in-store bakery and specialty foodservice customers nationally.
Shore Capital is partnering with Co-Founders, Steve Marks and Harvey Nelson and the previous majority shareholders, Clover Capital Partners to recapitalise MSG. Shore plans to invest in the business development, sales and marketing and production and infrastructure to further enhance operations and explore opportunities
Riverside, a global private equity firm focused on the smaller end of the middle market, has invested in Blue Moon Estate Sales (Blue Moon), an estate sales franchise in the US.
Blue Moon provides estate sale and other services to assist seniors in downsizing or transitioning to a senior living facility. Based in Raleigh, North Carolina, Blue Moon will complement existing Riverside platform Best Life Brand’s (BLB) home care and assisted living placement services by adding services to assist seniors in the transition from living at home to a senior facility.
Riverside Partner Brian Sauer says of the deal:
Omnes has sold Eyssautier Group, a specialist insurance broker for risk, and marine and transport insurance, to Verlingue, a Quimper-based independent insurance broker.
All current shareholders and Eyssautier Group management are selling their shares to Verlingue. Mathieu Berrurier, manager for over three years, will continue to run the business.
Founded in 1935, and under the leadership of the Eyssautier family for three generations, Eyssautier Group carries out 70 per cent of its business internationally and enjoys direct access to the world’s leading insurance market (Broker at Lloyd’s since 2005). The Eyssautier Group (EUR9 million turnover in 2019) has 50
Estera, a global provider of corporate administration, funds and trust services, has appointed Sonal Patel as Managing Director, Head of Sales – Americas, Bermuda and Caribbean.
Patel joins Estera as strategic enhancements continue to be implemented across the group. This includes investments in leadership, facilities and enhanced service capabilities. Patel will focus on implementing Estera’s regional growth strategy and developing relationships with US clients and intermediaries for Estera Bermuda, BVI and Cayman Islands.
Previous to joining Estera, Patel worked for BNY Mellon in business development, sales and relationship management. She worked as the Managing Director – Business Development, US
Bestport Private Equity (Bestport), has completed the MBO of medical equipment auctioneer Hilditch Group Limited (Hilditch). Headquartered in Wiltshire, Hilditch is a specialist in the management, auction and recycling of medical equipment.
The deal is the first for Bestport’s latest Fund II. The deal was introduced to Bestport by Ashley Levinson of WestCountry Capital (WCC”) and this is the first co-investment for WCC. Ashley has joined the board of Hilditch as Chairman and Ole Bettum from Bestport will join the board as the Investor Director.
Hilditch was founded in 1990 by Mike and Nicky Hilditch who, over the past
By Paul Bryant – GPs and LPs are increasingly turning to the private equity secondary market, adding a new layer of sophistication…
Continued primary market growth in global private equity has led to greater demand for the liquidity provided by the secondary market. Global deal value exploded over the last decade from USD13 billion in 2009 to a projected 2019 value of between USD80 billion and USD90 billion, according to Coller Capital, a leading secondary investor.
Greenhill, a specialist adviser, reports that deal value in the first half of 2019 was 56 per cent up year-on-year, and exceeded the full-year
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