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Fund services provider Moore Management has appointed Matthew Satchell as Funds Director.
Satchell’s appointment, which is effective immediately, constitutes a continued strengthening of the group’s senior funds team in Jersey following Moore’s recent acquisition by Luxembourg-headquartered investor services firm SGG Group.
Before joining Moore, Satchell (pictured), had spent over ten years successfully developing his career with a top tier offshore law firm, where he gained extensive experience advising on the full spectrum of collective investment funds, from unregulated vehicles and joint venture arrangements to non-domiciled and regulated funds.
In addition to completing a secondment to an international private
Axminster Carpets Ltd has secured GBP3.375 million of funding from Independent Growth Finance (IGF) as it continues to develop a strategy both in the UK and Internationally.
Axminster Carpets are the inventors of world-renowned Axminster weave and the company has been a byword for quality and craftsmanship for over 250 years. The company continues to weave luxury carpets in Devon and combine thoughtful design with experience and innovation to deliver high performance natural floor covering for the Royal Household, stately homes and luxury hotels.
As the retail and contract markets evolve, the senior management team at Axminster Carpets recognised
Peer-to-peer business lender, Assetz Capital, has extended its Christmas Crackers and Summer Holidays cashback promotion until 31 October 2018, enabling more investors to benefit from a seasonal 1 per cent or 2 per cent cashback bonus.
The promotion has seen a flurry of activity on the platform, with over GBP15 million invested in the ten days since it was first announced.
To take advantage of the promotion, investors must simply invest new cash into any of Assetz Capital’s investment accounts – with both ISA and non-ISA accounts qualifying for the bonus. If the money remains invested on the platform
Nicola Wealth Management has launched the Nicola Infrastructure and Renewable Resources Fund; a new fund with a mandate that includes investments that hold other ‘real assets’, such as a wider universe of global infrastructure (bridges, highways), renewable resources (farmland, timberland) and more.
“Regardless of whether the economy is doing well or doing poorly, people will continue to require food, clean water, electricity, and roads,” says Nicola Wealth president, David Sung. “We believe that these additional asset classes will offer our clients a more diverse portfolio, better risk-adjusted returns, and faster deployment of capital.”
Nicola Wealth is constantly developing their
A fund managed by Horizon Capital is to acquire a minority stake in Intellias, an IT Services provider with operations in Ukraine.
“We are delighted to attract Horizon Capital’s backing as we broaden our delivery footprint in Ukraine and beyond” stated Vitaly Sedler, Intellias Co-founder and CEO. “Intellias is the fastest-growing IT Services provider with operations in Ukraine, having expanded from circa 150 employees in 2013 to over 1,100 now. It is a testament to the success of our clients, who found in Intellias a trusted R&D partner and whom we will continue supporting in their most challenging software
Behrman Capital, a private equity investment firm based in New York and San Francisco, has acquired kSARIA Corporation (kSARIA), a producer and supplier of connectivity solutions for the aerospace and defence end markets. Financial terms of the transaction have not been disclosed.
Founded in 2000, kSARIA brings extensive process technology and engineering expertise to the high-reliability connectivity industry, offering interconnect products and services with superior performance, quality and value. The Company’s product offering includes high-reliability optical fiber, expanded beam fiber optic, copper, and RF cable assemblies and harnesses. Additionally, the Company offers custom fiber optic flex circuits for avionic and backplane
Ara Partners Group, an alternative asset manager focused on the industrial, chemicals & materials and energy sectors, has made a majority investment in Centric Gas Services, (Centric), a local gas distribution platform headquartered in Magnolia, Texas.
Centric operates four local gas distribution companies and three gas transmission pipeline companies in high-growth areas in Texas. The Barnwell family, which in 1993 founded entities that Centric owns, will retain a substantial minority ownership position in Centric.
“Our partnership with Ara Partners is an important milestone for Centric,” says Robert S Barnwell IV, President of Centric. “This investment enables Centric to continue
The Maples Group has expanded its global offering, with the addition of Luxembourg legal services.
From 1 October 2018, the firm’s newly established Luxembourg office will offer advice on fund formation, finance, corporate, tax and associated regulatory work.
The addition of this fifth jurisdiction to Maples and Calder’s offering is highly complementary to its existing British Virgin Islands, Cayman Islands, Irish and Jersey capabilities, particularly for clients using Luxembourg along with the firm’s services in these other jurisdictions.
MaplesFS, the Maples group’s independent global provider of specialised fiduciary, fund administration, entity formation and management, insurance management and trust
Elements Talent Solutions, a disruptor to the USD200-plus billion worldwide recruitment market, has received a GBP3.45 million investment from BGF to accelerate its growth across Europe, the US and the APAC region.
While recent years have seen no shortage of technological innovation in the hiring market, Elements has pioneered a model which focuses on people and seeks to change the fundamental “transaction” mechanics of the industry. Its ‘embedded model’ involves Elements consultants working on-site within the client’s hiring function and partnering with them on every stage of the hiring process.
Elements has attracted clients from global brands such as
Offshore law firm Carey Olsen has appointed corporate and finance lawyer Richard Munden as a partner in its Cayman Islands office.
Munden advises on a wide range of corporate and finance transactions with particular expertise in aviation finance and other asset finance matters including asset-backed securitisations. He also specialises in financing for hedge funds and private equity funds, debt capital market transactions, equity issues and joint venture and shareholder arrangements across a wide range of industries.
He joins Carey Olsen after 10 years at another offshore law firm in the Cayman Islands where he was responsible for leading and
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