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Abi Oladimeji, Chief Investment Officer at Thomas Miller Investment, provides his current views on the major asset classes, and the possible impact of ongoing uncertainty on sterling…
We continue to believe the balance of macro risks and opportunities warrants a neutral stance on the major asset classes relative to longer term strategic allocation and, therefore, we are maintaining broadly neutral asset allocation positions.
Equity markets are caught between the positive effects of robust growth and strong earnings and the negative influence of uncertainties about interest rate outlook and trade policy. Despite providing short term support, the strength in recent
2016 was an interesting year for those interested in the impact of cyber security incidents on asset valuations. USD350 million (7.2 per cent) was wiped off Yahoo’s purchase price after it disclosed several cyber security incidents during its acquisition by Verizon.
And Muddy Waters Capital shorted the medical implant manufacturer St Jude Medical (STJ) before releasing information about several serious security vulnerabilities in its core pacemaker products. The St Jude stock dropped over 10 per cent intraday, and Muddy Waters Capital ended the year with a 16 per cent gain.
The impact of cyber security incidents on asset valuation is
Arma Partners has acted as financial advisor to Nordic Capital on its acquisition of Macrobond, a provider of research systems and macroeconomic and financial time series data from primary and third-party sources.
Founded in 2008, the company has developed a global and scalable SaaS application that offers an extensive database of macroeconomic and financial time series data coupled with powerful and dynamic analysis and charting tools.
Nordic Capital will support Macrobond’s next period of growth and innovation to expand its next-generation product offerings and to further strengthen its leading position.
This transaction, together with the recent sales of
Independent fund and corporate services provider, the Aztec Group, has promoted Nick Barton to Associate Director in Guernsey.
Barton joined the Aztec Group as a Senior Fund Accountant in 2010 from Investec Trust. Since then, he has been instrumental in evolving a multi-product and multi-jurisdictional service for some of their largest clients. In his new role, Nick will continue to manage client relationships for a number of large private equity funds and act on various client boards.
In addition to his day-to-day client-facing role, Nick supports the operations of the Guernsey office. He has introduced peer group meetings and
BGF is to exit its investment in employee benefits firm Benefex, the first company to receive BGF funding when it launched in 2011. BGF’s minority stake will be acquired by Bain Capital.
The acquisition will enable Benefex to benefit from synergies with Bain Capital’s investments in the HR technology sector as the company moves to the next stage of its growth strategy. Founder Matt Macri-Waller will continue as shareholder and CEO.
BGF has invested GBP5.5 million into Benefex since 2011. With the investment, the company has expanded its product and service portfolio as well as operations in the USA
Triple Point, which provides innovative and compelling investment solutions for private and institutional investors, has made the first investment of its Impact EIS managed service, of up to GBP250,000 in MWS Technology (MWS), provider of a Software-as-a-Service (SaaS) platform, and thus helping to develop Aptem, for companies delivering apprenticeship training.
The investment will support the growth of MWS, significantly increasing its workforce and helping to develop Aptem, the only end-to-end technology platform software that can deliver the functionality required for forward-thinking training providers.
Aptem provides advisors and operations managers with all the tools they need to manage and efficiently deliver contracts,
Vistra, a global fund administration, trusts and corporate service provider, has completed the acquisition of the Corporate Services business of Deutsche Bank’s Global Transaction Banking division.
Following Vistra’s announcement of the deal in September 2017, the Corporate Services business will now be rebranded under the Vistra umbrella.
‘Corporate Services’ provides management and administration of Special Purpose Vehicles and asset holding companies to banks, non-bank financial institutions and corporates. The business specialises in the administration of structures for: Structured Finance transactions (Collateralized Loan Obligations, Collateralized Debt Obligations, Securitisations, Mortgage-Backed Securities); Aircraft Leasing; Commercial Real Estate holding; and Investment Funds (mainly private
Witold Bahrke, senior macro strategist at Nordea Asset Management, says Turkey is in a genuine currency crisis…
Turkey is in a genuine currency crisis, with the lira falling 30 per cent over three days. Fundamentally speaking, the reason for the Turkish meltdown is primarily a large current account deficit, which is 6 per cent of GDP, and reliance on outside capital.
Markets do not care if liquidity stays abundant but can turn toxic when global liquidity dries up due to higher interest rates, the Fed’s balance sheet shrinks, and the US dollar strengthens. Making things worse, there are serious doubts
Mesirow Financial has acted as the exclusive financial adviser to Ingenious Packaging Group (Ingenious) on its sale to Resource Label Group (Resource Label), a portfolio company of First Atlantic Capital and TPG Growth.
Located in Toronto, Canada, Ingenious services customers across the food, beverage, health and beauty, spirits, nutraceutical, distribution, tobacco and pharmaceutical industries. Ingenious is fully equipped with flexographic, digital and offset printing capabilities and the ancillary finishing assets to offer a full breadth of pressure sensitive, cut and stack and in-mould labels as well as shrink sleeves and branding products.
David Bowyer, chief executive officer of Ingenious,
PWP Growth Equity, the middle market private equity group of Perella Weinberg Partners, has completed the sale of Western Window Systems to PGT Innovations for USD360 million in cash, subject to customary purchase price adjustments.
The sale of Western Window Systems (WWS), a premier door and window manufacturer, is the first exit from PWP Growth Equity’s Fund I, which closed in October 2014. PWP Growth Equity acquired Western Window Systems in August 2015 in partnership with Scott Gates and the WWS management team.
David Ferguson and Chip Baird, Co-Heads of PWP Growth Equity, says: “We are proud to
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