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JP Morgan Asset Management has held the final closing of its Lynstone Special Situations Fund (Lynstone), with USD1.06 billion in capital raised from a broad set of global investors comprising of pension funds, insurance companies, banks, foundations, endowments and family offices across the Americas, Europe, the Middle East and Asia.
More than half of investors are first-time investors in a JP Morgan Alternatives fund.
Lynstone will invest in stressed, distressed and event driven situations across North American and European private and public credit markets, where underlying assets are discounted due to illiquidity or market disruption and where an event
SPOKE, a direct to consumer menswear brand, has raised GBP8.5m of new equity capital in a Series B round led by BGF and supported by existing shareholders Forward Partners, Oxford Capital, and 24 Haymarket.
The new funds will be used to accelerate growth in four core areas: technology, product innovation, brand building and international expansion.
An early adopter of the direct to consumer model, Spoke has applied machine learning tools and an agile approach to inventory to create and sell ‘legendary legwear’.
“We believe that fit matters most” explains founder and CEO, Ben Farren. “Mr. Average doesn’t exist
Labuan International Business and Financial Centre Incorporated (Labuan IBFC), the market development agency for Labuan International Business and Financial Centre (Labuan IBFC), has signed a Memorandum of Understanding (MoU) with China Construction BankLabuan (CCBL) to allow CCBL to promote the benefits of Labuan IBFC to Chinese and Chinese related companies.
“We are extremely pleased to be partnering with CCBL, part of the second largest bank in the world, providing a key enabler towards further strengthening our footprint in China and in countries which form the Belt and Road Initiative,” says Farah Jaafar-Crossby, CEO of Labuan IBFC Inc.
“Over its
Sanne, a global provider of alternative asset and corporate administration services, has appointed Paloma Gonzalez as a director in Madrid.
Gonzalez (pictured) has more than 19 years of industry experience and joins SANNE’s Spanish business to drive the European offering to a variety of clients and structure that invest directly or indirectly in alternative assets. She will be responsible for strategic implementation, financial reporting and business development. Prior to her appointment to SANNE, Gonzalez worked for CITCO where she headed up the Madrid office.
Manuel Rodríguez, Country Head – Spain, SANNE, says of the appointment: “We are delighted to
NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund, has invested GBP500 thousand in Airship Services Ltd, a provider of customer relationship and marketing platforms.
The funding will allow the Sheffield-based company to further develop its technology and create eight new jobs in the coming months for additional developers, sales and customer service staff.
The company’s first product, Airship is used by over 50 customers across more than 600 locations. Airship draws together data from different sources to help operators understand more about their customers and their visiting habits.
Scottish EIS Fund Manager, Par Equity, has appointed Andrew Noble as a partner.
Nobel, who has a reputation as an angel investor in technology companies, joins Par from Transition Capital, the private equity company he founded to pursue Scottish SME buyouts. At Transition Capital Nobel led deal sourcing, due diligence and fund raising. Earlier in his career he built an investment portfolio of more than 30 technology companies.
Par first joined Par Equity in 2002, while he was also a member of the British Alpine ski team. He joined Par Equity as an analyst and later launched the firm’s
Capitala Group, a provider of capital to lower middle market companies, has entered into a strategic partnership with, and sold a minority non-controlling interest of its management firm, to Mitsui & Co (USA), Inc (Mitsui USA).
Mitsui USA is a wholly-owned subsidiary of Mitsui & Co Ltd, trading, investment and service enterprises in the world. The partnership combines Capitala’s 20-year track record with Mitsui USA’s global reach and capabilities.
Capitala’s current management team will remain in place, continue to execute their vision, investment process, and provide day-to-day management.
“For 20 years, Capitala Group has invested and supported lower
Sykes Holiday Cottages has secured fresh investment from private equity firm Vitruvian Partners to fund the fast-growing firm’s plans for further UK and international expansion.
The transaction sees Vitruvian invest an undisclosed sum for a majority stake in Sykes, replacing existing backers Livingbridge following their five-year partnership with the company.
At the time of Livingbridge’s investment in January 2015, Sykes managed 5,000 properties in the UK and Ireland and generated GBP17 million revenue. The business today manages over 17,500 properties, having delivered market leading organic growth and completed 12 acquisitions underpinned by a highly effective digital transformation strategy.
Sykes enjoyed a record year in
Specialist eCommerce platform Online Poundshop has secured considerable investment from venture capital firm Midven, allowing the company to upgrade current warehouse systems, and create a range of new positions across the business – including marketing and distribution roles.
The investment has come from the GBP35 million West Midlands equity portion of the Midlands Engine Investment Fund (MEIF).
Based in Wednesbury and founded in 2014, Online Poundshop offers a wide variety of top brands and essential products at a discounted price direct to customers across the UK. The company has seen rapid growth since its inception largely due to a
BGF has exited its investment in 3sun Group Ltd, a specialist provider of products and services to the global renewable energy industry.
The business has been acquired by Worley Ltd, the Australian-listed supplier of project and asset services for the energy, chemicals and resources sector.
BGF first made its first investment in 3sun Group in 2014 with GBP10 million to support the expansion of its Great Yarmouth base and advance further opportunities in the UK and northern Europe. 3sun Group was BGF’s first investment in the East of England.
Led by founder and CEO Graham Hacon, 3sun Group
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