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Luxembourg has made strides over the last six or seven years to create a funds environment that is equally as appealing to PE/RE and VC fund managers who want less regulated fund structures, for speed to market purposes, as it is to traditional asset managers for regulated funds; be they SIFs or UCITS.
This is starting to reap benefits with the likes of Carlyle Group and Oaktree Capital Management choosing to run funds out of Luxembourg. Since 2013, more than 1,400 special limited partnerships have been established, most of which are unregulated.
With a large number of private equity groups
Stephen Moore, a former Rothschild and PwC dealmaker, is opening a Leeds office for Cavu Corporate Finance. He joins Shawn Bone, a prominent North East dealmaker who founded Cavu in Newcastle in 2013 and has established the independent advisory firm as a leading provider of expert corporate finance advice.
Cavu advises mid-market corporates on disposals, acquisitions, debt and equity finance raising and provides strategic counsel to retained clients. It also supports smaller high-growth businesses with potential to access the early stage equity markets.
Moore spent more than a decade at Rothschild, the family-owned investment bank, and joined PwC
Gen Cap America has partnered with management in its acquisition of Blower Application Company, Inc (BloApCo), a Southeastern Wisconsin-based specialty manufacturer of shredders, fans, and other scrap handling and pneumatic conveying equipment.
Terms of the transaction have not been disclosed.
“We are excited to have the opportunity to partner with BloApCo’s top notch management team in this investment,” says Gen Cap America Managing Director Matt Lane. “We look forward to working with senior management while they continue to build on their long track record of providing exceptional quality and service to their customers around the globe.”
Founded in
Inflexion Private Equity has completed a minority investment in Granite Underwriting, a leading specialist motor insurance business. The investment is being made by Partnership Capital Fund I, Inflexion’s dedicated minority investing fund.
Established in 1982, Liverpool-based Granite comprises a number of brands which distribute specialist motor insurance, catering to drivers of private hire taxis, black taxis, Uber and other large operators in the sector as well as specialist cover for private car and light commercial vehicles. Its services are marketed through retail branches, price comparison websites, brokers, its own website and a call centre. Granite’s core strength is its data-driven
Amid rising concerns about a downturn in the economic cycle, institutional investors are looking to mitigate risks by increasing allocations to private markets, according to BlackRock’s annual survey of global institutions.
Globally, over half (56 per cent) of clients stated that the possibility of the cycle turning is one of the most important macro risks influencing their rebalancing and asset allocation plans. The survey indicates that private markets will be particularly popular in 2019. In a continuation of a multi-year structural trend of reallocating risk in search of uncorrelated returns, illiquid alternatives are set to see further inflows, with 54
Antrim-based kitchen door and component supplier, Uform has secured a multimillion pound funding package from BGF and Danske Bank.
Uform is the fifth company in Northern Ireland to receive investment from BGF which has taken a minority shareholding in the business. Uform designs and paint finishes a wide range of kitchen doors and accessories alongside offering an extensive range of ex-stock products, serving customers across the UK and Ireland.
Uform is known for its wide variety of kitchen door frontal options catering for all segments of the kitchen retail market, with the largest choice and ex-stock availability in the
Investcorp Technology Partners (ITP) has successfully closed the transfer of its remaining two portfolio companies in ITP Fund III, with a combined enterprise value of USD185 million, to a continuation vehicle, Investcorp Secondary Fund 2018 LP which is supported by HarbourVest.
By concluding this transaction, ITP will have the opportunity to maximise the value creation potential of these two companies, providing them with active support and fresh capital over an additional holding period under continued management. The transaction, which was supported by investors, results in ITP Fund III’s performance since inception being in the upper quartile for similar vintage and type
Mid Europa Partners, a private equity investor focussed on Central and Eastern Europe, has completed the acquisition of Urgent Cargus.
Urgent Cargus is a courier, express and parcel service provider in Romania, offering last mile delivery to over 85,000 customers, including business clients, e-commerce retailers and private individuals.
Urgent Cargus operates a dense network of five hubs and 71 stations connected by 360 linehaul routes, which together with its state-of-the-art asset base and logistical capabilities enable the Company to offer high-quality services such as 24-hour delivery across the country.
Private equity investment platform Seedrs has announced a record-breaking year with the highest levels of investment on the platform to date.
The Woodford-backed platform saw nearly a 60 per cent increase in investment activity from last year, recording GBP195 million invested into pitches on the platform in 2018.
2018 saw 186 successful pitches from businesses who raised on Seedrs from 12 different countries, 28 of which were fundraises of over GBP1 million. Highlights included fast-growing international money transfer platform Transfergo, which raised EUR11.3 million from 1,047 investors, German portfolio company Sono Motors, one of Seedrs’ biggest European success stories, returned
Sovereign Capital Partners, a UK private equity buy & build investor, has backed the management buy-out of Utility Bidder, an energy broker offering energy procurement services to UK SME customers.
This is the second MBO Sovereign has backed in recent months and follows that of Asset Control, the financial data management business. Sovereign has partnered with the management team of Utility Bidder to further develop the business through a strategy of organic and acquisitive growth.
Founded in 2009, and headquartered in Corby, England, the business employs over 100 staff and has a growing sales office in Manchester. The company
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