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Aditya Birla Capital Limited (ABCL) and Värde Partners (Värde), have formed a strategic partnership to pursue investments in stressed and distressed assets in India.
Operating through a joint platform, both parties will evaluate investments across sectors, focusing on the acquisition, restructuring and resolution of the substantial supply of non-performing assets in India as well as special situations financings. Given the current landscape and further prospects in asset reconstruction in India, ABCL and Värde believe there is an attractive pipeline for strong capital deployment opportunities over the next several years.
Ajay Srinivasan, Chief Executive of ABCL, says: “The ARC business
Swarm, the blockchain for private equity, has released its Market Access Protocol (MAP) for tokenised security trading.
Currently, there are several qualifications that must align for security tokens to be traded compliantly. For a transaction to be rendered fully compliant at the point of execution, parties must confirm the existence of valid credentials for each participant, and also ensure adherence to token requirements and restrictions. Swarm’s Market Access Protocol provides a streamlined solution that facilitates the efficient flow of compliant transactions while offering both privacy protection for participants and regulatory compliance.
“Existing whitelisting solutions are highly demanding on
Readly, the global digital magazine newsstand, has raised EUR10m in additional funding to drive the next stage of its growth. The latest round of funding comes from new investor Swedish fund Swedbank Robur and London based Zouk Capital.
The company will use the funds to further its international expansion and support growth in its existing markets.
“Reading magazines digitally has become second nature as the demand for quality, curated content via the smartphone or tablet grows. The funding reflects confidence in our business model, team and market. It plays an important role in ensuring Readly fulfils its vision to be
Independent investment consultancy bfinance has appointed Sweta Chattopadhyay as Director – Private Markets. Heading the private equity advisory practice at bfinance, she brings with her over a decade’s experience investing in private equity funds and in direct/co-investments globally.
With a mandate to help grow and evolve bfinance’s Private Markets team, Chattopadhyay’s appointment marks a significant step in the development of the consultancy’s Private Markets advisory capability. Chattopadhyay’s responsibilities will include manager search and selection, directs/co-investments advisory, portfolio strategy and design, and monitoring solutions, with an overarching focus on furthering bfinance’s ability to provide richer, broader implementation support to investors.
Private equity firm Earth Capital Partners (EC) has appointed Edward Collins as Chief Executive Officer (CEO) with immediate effect.
Collins (pictured), is a former Managing Director of Hanson Asset Management, an independent investment management and advisory firm, and CIO of Hanson Family Holdings. Most recently, he was the CIO of Aldbourne Investment Management and led the restructuring of the Oracle Capital Group from which Aldbourne Investment Management emerged. He has more than 16 years’ experience of running asset management companies and of multi-asset investing.
EC is a global fund management group focused exclusively on sustainable private equity and manages
Morgan Lewis has advised Digital Colony, a global investment firm focused on mobile and internet infrastructure, on its investment in Stratto Ltd.
Stratto is a leading provider of DAS (distributed antenna systems) and small cell networks in the United Kingdom offering in-building mobile coverage solutions. Digital Colony will become the majority shareholder in the company.
The transaction provides capital to further Stratto’s pipeline of indoor DAS network opportunities across the United Kingdom and the rest of Europe.
Morgan Lewis’s team was led by London partner Tom Cartwright and included associates Jack Shawdon, Nadia Akhter, and Robert Hutton; tax
SpendMend, a portfolio company of Sheridan Capital Partners, has acquired Contract Management Strategies (CMS).
Founded in 2002 by Clayton Hale and headquartered in Irvine, California, CMS provides audit recovery and professional services for its clients with specialisation in Accounts Payable Audit Recovery, Sales & Use Tax Consulting and Audit Recovery, Pharmacy Audit Recovery & Price Reduction, Medical Device Audit Recovery and Tracking.
“We are pleased to be able to bring these two organisations together,” says Dan Geelhoed, CEO of SpendMend. “Together we are able to bring SpendMend’s spend visibility, technology and analytics to the CMS client base, open up CMS’ broad
Vistra, a global fund administration, trusts and corporate services provider, has appointed Scott Kraemer as Managing Director, Alternative Investments in North America, effective immediately.
In this role, Kraemer is responsible for the development and execution of the AI strategy for North America, including operations, key account management, strategic partnerships and resource allocation across Vistra’s offices in the region. He will be based in New York, reporting to Onno Bouwmeister, Vistra’s Group Managing Director of Alternative Investments.
With over 25 years of professional experience in financial services, Kraemer has held senior roles in operations, accounting, technology and risk at various
Offshore law firm Appleby has appointed James Fox as Partner in the corporate team in the Group’s Jersey office.
Fox, who is a Jersey advocate, has over 18 years’ experience as a transactional corporate and commercial lawyer. He started his career at Shepherd and Wedderburn, then Dundas & Wilson in the UK, before working at another offshore law firm in Jersey for 11 years. Fox has detailed knowledge of Jersey’s legal and regulatory framework and is an established practitioner in the funds and M&A environment. He has also acted for a large number of listed companies in relation to flotations,
Peer-to-peer business lender, Assetz Capital, has appointed Chris Macklin as chief risk officer.
With over 35 years of experience at RBS/NatWest, including four years as head of complex customer management and strategic relationship management, Chris Macklin brings to the company a wealth of knowledge and experience in strategic, credit and risk management within the financial sector.
In his new position, and with his extensive experience in working with thousands of SMEs, Chris will build on Assetz Capital’s leading position in risk management within the peer-to-peer market.
As chief risk officer, Chris will head up all of the risk management operations of the company, as well as building on the established
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