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Independent depositary firm INDOS Financial is now offering a new ESG oversight service, which will be led by Matthew Queree, the company’s newly-appointed Head of ESG Oversight.
INDOS Financial, now has USD28 billion of assets under its oversight, plus a further USD16 billion over which the 32-strong firm performs money laundering reporting officer functions.
CEO Bill Prew (pictured) explains his role as an independent depositary, as one where his firm is free of conflicts with other service providers of a fund and provides valuable oversight over fund operations.
The idea of offering an ESG service has come from INDOS’s
UK private equity house Maven Capital Partners (Maven) has completed a GBP2.15 million investment in Boiler Plan, a market-disruptive platform that sells, installs and services boilers.
The transaction includes a GBP1.65 million investment from the Maven VCTs and a GBP500,000 investment from the North East Development Capital Fund, managed by Maven and supported by the European Regional Development Fund. The funding will help accelerate Boiler Plan’s growth, allowing the business to increase its geographic coverage and invest in its sales, marketing and digital functions.
Boiler Plan provides an innovative online platform for the purchase of a new boiler. Its
Foresight Group has invested in Postworks Limited (Postworks) on behalf of the Midlands Engine Investment Fund (MEIF). This marks Foresight’s third MEIF investment since its launch in February.
Postworks is an online franking company providing small and medium sized businesses with a software-based alternative to franked business post. Using Postworks’ software platform, businesses can ‘drag and drop’ their post for electronic sorting, printing and folding at Postworks’ printing centre before being handed over to the Royal Mail for delivery.
The Northampton-based company was launched in 2016 by James and Marvee-Lisa Booker. With their extensive experience in the print,
ArchOver, a P2P business lending platform connecting businesses requiring finance with individual and institutional investors, is expanding into the West Midlands and opening up new flows of capital for SMEs operating in the region.
As traditional banks divest from hubs outside London and further centralise their operations in the capital, ArchOver’s new Birmingham office will give the company a base to support clients across the Midlands offering a personalised service when it comes to alternative finance. Investors will also have access to the increased volume and quality of loans ArchOver is facilitating.
Leading the Birmingham office will be David
The two founders of international corporate finance advisory firm Rautenberg & Company, Arndt Rautenberg and Jens Moritz, will with immediate effect take on equal representation in the name of the firm: The company will now operate as Rautenberg Moritz & Co.
“After four years of successful and trustful cooperation, we want to reflect this practice in our company name,” says Rautenberg.
Moritz adds: “Our success is the result of our close cooperation, and I am very excited that this is now also being expressed in the company’s name.”
Rautenberg and Moritz founded the company in 2014 and focus
KKR is to acquire Quadion, which trades as Minnesota Rubber and Plastics (MRP), from Norwest Equity Partners (NEP), a Minneapolis-based middle-market equity investment firm.
This transaction marks KKR’s second acquisition of a middle-market business in the industrials sector and is being funded through KKR’s Americas XII Fund. Financial details of the transaction were not disclosed.
MRP offers highly engineered elastomer and thermoplastic solutions for medical, water, industrial and other end markets globally. For over 70 years, the Company has built a strong reputation for its ability to design, develop and manufacture products for harsh environments, tight tolerances and technically
Dext Capital, a new independent equipment leasing company focussed on the healthcare industry, and backed by private equity investor Sightway Capital, plans to begin offering equipment financing in the beginning of 2019.
Dext Capital is led by industry veteran Kyin Lok, who will serve as President and Chief Executive Officer. Lok has over two decades of equipment leasing experience with US Bank and GE and most recently led a number of leasing verticals for TCF Bank. The Dext team collectively has over 150 years of experience in the equipment leasing industry.
Sightway Capital, a Two Sigma company, employs a flexible
The Growth Stage has launched what it says is the world’s first funding platform for private growth companies to raise investment capital from regulated institutional investors.
The company has signed up investors with over USD4 trillion of assets under management, from pension funds, retail funds and hedge funds through to sovereign wealth funds and family offices.
Headquartered in London, The Growth Stage has been designed exclusively to marry the increasing demand from institutional investors around the world, to invest in high growth, scale-up companies, and for those companies to seek alternative sources of capital.
Directly challenging the traditional
Alliance Marine, a European distributor in recreational and commercial boating equipment, has acquired 3SI Group in the United Kingdom, its third overseas acquisition following Bukh Bremen in Germany (October 2017) and FNI in Italy (June 2018).
3SI Group counts among the European leaders in safety equipment (design, manufacture and distribution of liferafts, lifejackets, drysuits). Through its portfolio of well-known proprietary brands (Ocean Safety, Typhoon, ISP and Revere) and its know-how, the Group enjoys a strong reputation from professional clients. It generates a turnover of EUR35m and has about 250 employees.
The acquisition is of strategic interest for Alliance Marine,
Bregal Milestone, a private capital firm, has completed an investment in Arkphire Group, a leading IT solutions and networking company. The investment by Bregal Milestone is out of their new EUR400m fund dedicated to investing in high-growth European companies, and is their first deal to be closed, three months after the fund was announced.
Typical commitments from Bregal Milestone range from EUR20m to EUR60m.
Arkphire provides a full range of technology solutions from the desktop to the data centre. The company integrates leading technologies from global IT companies to solve clients’ business challenges. Bregal Milestone will partner with Arkphire’s co-founder and
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