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Omnes Capital has launched a new FPCI (Fonds Commun de Placement dans l’Innovation) mutual fund investing in innovative companies – Capital Invest PME 2017.   The fund will allow individuals to benefit from tax advantages provided for by the French TEPA law in respect of ISF wealth tax (impôt de solidarité sur la fortune) and income tax, while also benefiting from the growth potential of French and European SMEs.   A total of 80 per cent of the Capital Invest PME 2017 fund will be invested in French and European SMEs. The remaining 20 per cent will be invested in
Oakley Capital Investments’ Oakley Capital Private Equity III has reached an agreement to acquire a majority stake in TechInsights.   Fund III is expected to invest USD49.9 million in the business and will invest alongside Henry Elkington, the CEO of the current parent company (AXIO), who brings extensive experience in the industry and will become chairman of TechInsights at completion.   The company’s indirect contribution through its interest in Fund III is expected to be approximately GBP18.2 million.   TechInsights specialises in the intellectual property and technology services market, in particular semiconductor reverse engineering, which is used to prove patent
Private equity house Maven Capital Partners has appointed three investment managers and a portfolio administrator to its North West investment team.   The appointments are in support of NPIF Maven Equity Finance, which has a North West focus and is managed by Maven for the Northern Powerhouse Investment Fund (NPIF).   Martin Clark, James Darlington and Jeremy Thompson will be responsible for transacting new NPIF equity investments, while Nikola Clarke will provide portfolio support to NPIF investee businesses.   These appointments will supplement Maven’s Northern England investment team, which has been completing SME transactions across the North for almost 20 years.
Global investment bank GCA Altium has appointed Stuart Warriner as senior adviser as the business continues to build its corporate finance team in the North of England.   Warriner joins GCA Altium from PwC, and has over 30 years’ experience in the industry, leading the firm’s corporate finance team across Leeds and Manchester since 2007.   He has led transactions with an aggregate value of more than GBP2 billion, and has established strong relationships with many of the region’s businesses and private equity firms.   Key deals in the last few years include the sale of vehicle rental business Nexus
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has introduced a risk-proportionate regulatory framework for managers of venture capital (VC) funds, the first of its type in the MENA region.   With immediate effect on 15 May 2017, VC managers will not be subject to any base capital requirement or expenditure based capital.   In close consultation with industry players, the tailored regulatory framework for VC managers simplifies the applicable regulatory requirements while maintaining the necessary safeguards to ensure that they operate in a safe and sound manner.   The framework is a further enhancement to
Private equity trade association Invest Europe has published its 2016 European Private Equity Activity report revealing that fundraising for investment into companies across Europe hit its highest level since 2008 last year at EUR74.5 billion, a 37 per cent year-on-year increase. The report reveals private equity investments totalled EUR53.7 billion last year, the second highest amount since 2008. Almost 6,000 companies across Europe benefited from investment, 83 per cent of which were small and medium-sized enterprises (SMEs). Exit activity remained robust at EUR38.9 billion, divested at cost. “This data demonstrates high investor confidence in European private equity, in an otherwise
Tecum Capital has launched a new control equity buyout platform, Tecum Equity Partners III.   The entity is a committed pool of capital backed by Western Allegheny Capital, a family office focused on control equity acquisitions.   The nature of the platform allows for a longer term time horizon and a business friendly approach to ownership transitions and successions.   “Partnering with Western Allegheny adds a new dimension to our investment focus and an additional stable source of capital for our team,” says Stephen J Gurgovits, Jr, managing partner of Tecum Capital Partners. “As a family office platform, we have
Highland Capital Management Korea, an affiliate of Dallas-based alternative investment management firm Highland Capital Management, has closed a healthcare-focused private equity fund, with approximately USD147 million of total capital commitments.   South Korea’s National Pension Service (NPS) served as the anchor investor.   Highland’s private equity fund is its first healthcare sector-specific undertaking in Asia. While Asian investors have shown increased interest in the sector during the past two years, most investments made to date were on a direct basis or via multi-purpose funds.   Investors participating in the Highland fund with NPS Korea have specific objectives within the healthcare
David G DeWalt, the former CEO of publicly held cybersecurity company FireEye, is joining Allegis Capital as a venture partner.   Previously, DeWalt served as the CEO of cybersecurity market leader McAfee and held executive positions at EMC.   DeWalt, 52, becomes the sixth cyber security executive serving as a venture partner at Allegis, a 21-year-old early stage venture firm that focuses solely on investing in cybersecurity start-ups.   DeWalt is a member or leader of a number of boards of directors including ForgeRock, a San Francisco-based multinational identity and access management software company. He is also vice chairman of
Accendo Capital has appointed Jaakko Kivinen as senior adviser to the fund.   Kivinen, who has previously been partner in Altor Equity Partners and Soros Private Equity Partners, has extensive international private equity experience in deal sourcing, executing transactions, and helping lead businesses as a board director.   Henri Österlund, founding partner of Accendo Capital, says: “I have known Jaakko for more than 15 years and have always been impressed with his dedication, drive and focus on delivering shareholder value. Jaakko is a valuable addition to our team and will support us in evaluating investment targets and helping our portfolio

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