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Pantheon has become one of the first private equity firms to sign HM Treasury’s Women in Finance Charter, furthering the firm’s public commitment to progressing gender diversity in private markets.
HMT’s Women in Finance Charter asks signatory firms to commit to implement four key industry actions: designate one member of our senior executive team to be responsible and accountable for gender diversity and inclusion; set internal targets for gender diversity in our senior management; publish progress annually against these targets in reports on our website; and have an intention to ensure the pay of senior executive team is linked to
Data from eFront, a provider of alternative investment management software and solutions, shows that since the start of 2013, distributions from private equity secondaries funds globally have risen steadily to a record level. At the same time, capital calls have fallen to a historic low.
eFront cites multiple theoretical factors in support of private equity secondaries investments, but chief among them is often the shorter time to liquidity delivered by the asset class, as a result of the investments being made in mature portfolios. However, since 2013, an unprecedented shift has taken place in the relationship between capital calls and
Commercial Lending at Paragon has led profit growth for the banking group over the past year, according to the Groups latest annual results.
The Commercial Lending division, which includes asset finance, motor finance, structured lending and development finance, reported the largest increase in profits across the Group – a 41 per cent increase to GBP20 million compared to the same period last year.
Overall, underlying profits for Paragon Banking Group grew by 8 per cent to GBP157 million for the 12 months to 30 September 2018, up from GBP145 million the previous year.
Acquisitions of property development finance
The Romanian office of the regional law firm Wolf Theiss has assisted Search Corporation, a Romanian engineering company providing planning, design, consulting and management of road and air transport infrastructure services, in the sale of its part in Plaza Development SRL, the owner of Crystal Tower, the first Romanian office building equipped with a heliport, located in the heart of Bucharest.
The transaction was closed on 20 November 2018 in Bucharest and the buyer is the Czech investment company, PPF Real Estate. Wolf Theiss assisted Search Corporation and the other two minority shareholders of Plaza Development SRL in all stages
Accountancy firm Saffery Champness has appointed Diane Petit-Laurent as a corporate partner in the firm’s Manchester office.
Previously a Director at Deloitte in Manchester, Diane brings a wealth of expertise in providing solutions to owner-managed business clients with both a national and international presence, as well as private equity-backed entities.
In her role at Saffery Champness, Petit-Laurent will focus on entrepreneurial clients in a number of industries including technology, manufacturing and retail, working with the firm’s wider teams to deliver integrated advice throughout the enterprise lifecycle, from start-up to growth to exit.
Petit-Laurent joins fellow partners Mike Hodges
Drooms, a provider of data rooms in Europe, has appointed Rosanna Woods as Managing Director UK.
Woods is responsible for the entire UK operation, with responsibility for the team, including training and development, distribution of Drooms’ software solutions, strategic business development and customer retention.
Drooms allows companies to have controlled access to confidential corporate data across company boundaries and specialises in providing tailored solutions for the entire value chain and lifecycle management of assets. Its technology is constantly evolving and Drooms recently announced it had become the first virtual data room provider to harness blockchain technology to improve its
ALFI has unveiled three reports at its PERE conference held in Luxembourg on 20 and 21 November which all highlight strong growth in the Grand Duchy’s alternative funds sector.
The Luxembourg Real Estate Investment Funds 2018 survey, confirms that Luxembourg remains the favoured location to establish and maintain multi-geographical and multi-sectoral regulated REIFs, which continue to appeal to institutional investors and fund managers from around the world.
The Loan Fund Survey 2018, carried out in conjunction with KPMG, shows that assets under management in Luxembourg-domiciled loan funds has reached EUR49billion, a 23.5 per cent increase over the past year,
Monroe Capital (Monroe) has closed a USD455.75 million term debt securitisation known as Monroe Capital MML CLO VII, LTD. The term financing was Monroe’s third CLO completed in the last 13 months and is secured by a portfolio of middle market senior secured loans.
Monroe sold securities rated from AAA through BB. Monroe and its affiliates retained a majority of the Subordinated Notes in the transaction. BNP Paribas served as the Lead Manager, Structuring Agent and Bookrunner. This transaction was structured to meet and comply with both the European risk retention guidelines as well as US risk retention guidelines.
Altus Capital Partners (Altus), an investment firm focussed on the North American manufacturing sector, has acquired ChoiceSpine, a designer, manufacturer, and marketer of specialised spinal implants, instrumentation and biologics for the surgical treatment of complex spine disorders.
Financial terms of the transaction were not disclosed.
Based in Knoxville, TN and founded in 2006, ChoiceSpine, LP and Knox Spine, LLC collaborate with physicians to develop new products which incorporate current medical technology with customised patient solutions. ChoiceSpine products include minimally invasive, cervical, thoracolumbar, interbody, lateral, and biologics kits and implants that increase procedural efficiency and efficacy.
“We recognise the
Cowen is to acquire Quarton International AG and affiliated Quarton entities (Quarton), a global financial advisory company serving the middle market.
The definitive agreement has been approved by Cowen’s board of directors and Quarton International’s shareholders and governing bodies. The transaction is expected to close by 2 January 2019.
Quarton International is the result of the 2015 merger of Switzerland- and Germany-based Blue Corporate Finance (founded 2001) and Detroit-based Quarton Partners (founded 2010), and has a team of 70 professionals across ten offices in Europe and the US. With its international expertise, extensive financial sponsor relationships and unique domain
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