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The value of regulated funds serviced in Jersey saw double digit growth to reach a new all-time high while bank deposits also increased over the course of 2018, according to the latest figures to be collated by the jurisdiction’s financial regulator the Jersey Financial Services Commission (JFSC).
Figures for the final quarter of 2018 (ending 31 December 2018) show that the net asset value of regulated funds under administration in Jersey grew 10 per cent annually to stand at GBP319.9 billion, the highest recorded figure to date, while the value of bank deposits held in Jersey grew 4 per cent
Eurazeo Capital has entered into exclusive discussions with funds managed by Montagu Private Equity to acquire DORC (Dutch Ophthalmic Research Center).
Eurazeo Capital will invest close to EUR300 million in this transaction. DORC will be the fifth investment of Eurazeo Capital IV. This investment perfectly fits the strategy presented during the 2018 Annual Results presentation.
Established in 1983 and headquartered in the Netherlands, the company operates in the medical technology sector and is one of the global leading specialists of vitreoretinal surgery. DORC designs, manufactures and distributes ophthalmic surgery equipment, consumables and instruments.
The company serves over
BGF, the UK and Ireland’s most active investor in growing companies, has appointed Spencer Woods as an Investor in its Manchester office.
Spencer joins most recently from Wheatsheaf Group – part of the Grosvenor Estate – where he held the role of Senior Investment and Portfolio Manager, taking a lead on M&A activity, guiding strategy and monitoring the performance of the portfolio. In his time at Wheatsheaf Group, he undertook an operational role within a portfolio company and was seconded to the US for six months to support the establishment of Wheatsheaf’s first US office.
Prior to this, Spencer
PEF Services, a fund administrator for alternative investment managers, has promoted Emily Chen and Delphine Jones, CPA to Managing Directors within the firm’s Client Services group, reporting to PEF Chief Operating Officer Beth Manzi.
Chen and Jones each lead PEF Client Services teams responsible for the relationships and services provided to PEF clients including fund accounting, financial reporting and SBIC compliance, and investor services for PEF’s clients and their investors.
Chen’s career includes over 15 years’ experience in alternative asset fund administration. In addition to managing accounting and reporting services, Emily’s team is responsible for PEF’s fund accounting technology platform, Investran. Prior
Gulf Capital, an active alternative asset management firms in the Middle East, is expanding and strengthening its executive team with the appointment of Sharaf F Sharaf as a Managing Director in Gulf Credit Partners, the Firm’s private debt business.
Based in Dubai, Sharaf Sharaf will join as a Managing Director in Gulf Credit Partners, which provides mezzanine debt and structured capital to growing regional small and medium enterprises (SMEs).
Dr Karim El Solh, Chief Executive Officer of Gulf Capital, says: “We are excited to welcome Sharaf to our leadership team as we continue to grow our business. Sharaf’s expertise and
Online investment platform Seedrs has launched full customisation in its AutoInvest product allowing users to select their personal investment criteria with the product then building them a portfolio of early-stage private companies automatically.
First launched in July 2018, there have been over 4000 individual investments using AutoInvest in Beta mode, with 80 different companies who raised funds on Seedrs in the past seven months benefiting from the product. The product takes Seedrs another step closer to offering a full suite of innovative investment methods, accompanying its Secondary Market and its EIS100 Fund.
Until Seedrs launched AutoInvest, investments on equity
Private investor Rcapital completed a franchisee-led buyout of Cash Generator on 1 March 2019.
Cash Generator is a well-established retail business, focussed on being the first place to which customers come to sell and buy second-hand items.
The franchisee buyout follows a successful and complex restructure of what was a distressed business when it was owned by its former US parent, CNG Inc. The business was acquired by Rcapital in September 2017 after its owners had designated its wider UK operations as non-core.
Rcapital and the Cash Generator management team immediately returned the business to a Franchise-only model by
Therapixel, the AI company winner of the DREAM Digital Mammography challenge, has secured EUR5 million in Series A financing, with Omnes and M Capital Partners joining its existing pool of investors.
Sacha Loiseau, Chairman and Founder of Mauna Kea Technologies, has been appointed as independent Board Member and subsequently elected Chairman of the Board. Maximilien Fournier-Sourdille, an associate at Omnes and an experienced MedTech executive and investor, also joins the Board of Director, along with Yoann Bonnamour from M Capital Partners.
Olivier Clatz, co-founder of Therapixel, has recently been named by the French Innovation Council as ‘AI for diagnosis’
Keensight Capital, a private equity manager dedicated to pan-European Growth Buyout investments, has held the first and final closing of its new fund, Keensight V, at the fund’s EUR1 billion hard cap, exceeding the fund target of EUR750 million.
The fund was substantially oversubscribed with strong support from existing LPs, as well as new investors from Europe, North America, the Middle East and Asia. The globally diverse LP base for Keensight V comprises circa 90 per cent of subscriptions from institutional investors (asset managers, pension funds, insurance companies, banks and sovereign wealth funds), and c10 per cent from former portfolio
London-based VC fund Fuel Ventures has expanded its portfolio of early-stage companies, investing GBP2 million in CreditDigital which provides instant finance of up to GBP250,000 to businesses online or at point of sale.
CreditDigital is an instalment payment option where businesses can spread the cost of their purchase over 12 months, whilst their vendors and suppliers get paid upfront and in full.
The platform can approve purchases of up to GBP15,000 instantly and up to GBP250,000 within one working day with competitive rates and flexible payment options.
Founded in 2017 by Daniel Lipinski, CreditDigital promises better rates than
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