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Tikehau Capital, an alternative asset management and investment group, and T&D Insurance Group, a major Japanese insurance company, have agreed to enter into a business and capital alliance.
T&D Insurance Group is one of the largest life insurance groups in Japan in terms of market shares and operates three life insurance companies each deploying a unique business model with distinct target markets, sales channels and products. T&D Insurance Group also operates an asset management subsidiary, T&D Asset Management, focused on investment trust and investment advisory activities.
This agreement enables Tikehau Capital to enhance its presence in Japan, following the opening
Alternative investment marketplace iCapital Network has added of four senior leaders to is executive team: Michael Kushner, Chief Financial Officer; Jennifer Ashley, Chief People Officer; Diane Frankenfield, Chief Marketing Officer; and Stephen Jacobs, General Counsel.
iCapital, which offers advisors and their clients’ access to a curated menu of private equity and hedge funds. has experienced substantial growth in the last 12 months as it has significantly increased the number of advisors on its network, and expanded the scope of wealth management firms and general partners that leverage its technology to drive their growth. Alongside organic expansion, iCapital acquired the alternative investment
MGB Biopharma, a biopharmaceutical company developing a new class of anti-infectives to address antibiotic resistance, has completed its latest funding round. which was supported by new and existing investors, led by Archangel Investors and including Scottish Investment Bank (the investment arm of Scottish Enterprise, Scotland’s national economic development agency), Barwell and TriCapital Investors.
The new funding will allow the company to complete all activities around its ongoing Phase IIa clinical trial with its lead antibiotic MGB-BP-3 and prepare for the next stages of its development and to progress other programmes through to H2 2020.
MGB-BP-3 is a potent bactericidal
Ropes & Gray has represented Dallas-based Ambridge Hospitality, an independent hotel management firm and a portfolio company of Advent International, in its entry into a definitive merger agreement with Interstate Hotels & Resorts, a leading independent multinational hotel operator.
The combined company will create a global leader in third-party hotel management services, and will together manage a portfolio of more than 1,400 branded and independent properties in 49 states and 20 countries. The combined company will serve some of the world’s most respected hotel brands and will be the premier employer in the hospitality industry, with more than 60,000 employees worldwide.
O’Melveny has represented Honeywell International Inc in its equity investment in Theatro Labs, an in-store, mobile workforce communication and management solutions company.
Texas-based Theatro brings IoT, AI and workforce-optimised apps together in a “hardware-enabled” SaaS offering to provide companies in gaming, hospitality, retail, and manufacturing mobile solutions for hourly employees.
Theatro complements Honeywell’s efforts to provide deskless workers IoT-generated data and insights, and through its relationship with Honeywell’s Safety and Productivity Solutions business, equips every hourly employee with more mobile, hands-free information.
Based in North Carolina, Honeywell Ventures invests in early stage, high-growth companies around the world with disruptive technologies.
HGGC, a middle market private equity firm, is making four promotions and expanding its team with twelve new hires across the operations and investment functions.
These additions – all of whom come to HGGC from blue-chip financial and business brands – will help ensure that HGGC has the talent and bandwidth to execute its successful investment strategy and foster portfolio company value creation as it continues its growth trajectory.
“As we continue to grow our portfolio and build value in our companies, we’re very excited that we have been able to continue to recruit and retain some of the
HeleCloud, an AWS Advanced Consulting and Managed Services Partner, has acquired OlinData, an AWS Advanced Consulting Partner based in the Netherlands, specialised in Open Source Infrastructure.
Financial details of the deal, which completed this week, have not been disclosed. OlinData is HeleCloud’s first acquisition as part of its ongoing growth across Europe, supported by BGF.
“I am extremely excited to be welcoming Walter, Mine and the team to HeleCloud,” says Dob Todorov, CEO and CCO, HeleCloud. “Just like HeleCloud, OlinData is highly experienced in helping customers build better businesses on the AWS Cloud. By acquiring OlinData, we are able
Aurelius Equity Opportunities (Aurelius) is to acquire the Belgium-based MPRO and YouBuild building materials merchants from Grafton Group (Grafton).
The combined business of MPRO and YouBuild achieves revenues of close to EUR100 million across its network of 16 outlets employing circa 240 full-time employees. The transaction is expected to complete later this year and is conditional on carving-out the freehold property from the trading entities and on receiving approval from the Belgian Competition Authority.
Both MPRO and YouBuild are strong brands, each with a solid reputation as generalist suppliers of a broad range of high-quality heavy construction products with
With the FCA’s Policy Statement PS18/8 due to come into effect from 30 September 2019, Authorised Fund Managers (AFMs) will need to publish Assessment of Value reports from the end of January 2020 (within four months of their funds’ year-end).
Designed to provide greater transparency for investors, PS18/8 requires AFMs to publish a breakdown of their funds’ quality of service, performance, costs, any economies of scale they may have been able to achieve, market comparisons with regards to services and rates and whether investors are in the most appropriate classes of units. They must subsequently be published annually at the
Legal & General has provided GBP57.5 million of long-term debt financing to support Hermes Infrastructure in its recapitalisation of two solar photovoltaic (solar PV) portfolios in England and Wales.
The two portfolios consist of fully operational solar PV systems installed on the roofs of more than 9,000 residential homes. The investment has been made by LGIM Real Assets on behalf of its clients including Legal & General Retirement Institutional.
Demonstrating Legal & General’s commitment to providing clean energy to the UK, the residential solar PV systems have a combined installed capacity of around 34.52MWp. The majority of the systems are
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