PE Tech Report

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Linda Gorman, Quintillion
Alternative fund managers have had a myriad of regulatory change to contend with over recent years. In the early stages, many chose to take on the reporting burden themselves. This was very much a learning curve.  However, as the complexity of regulatory compliance has increased, fund managers have looked to consider how much they want to handle internally versus how much they want to outsource.  "We now see a significant amount of fund managers choosing to outsource their regulatory requirements," says Linda Gorman (pictured), CEO of Quintillion Limited, a European-based affiliate of US Bancorp Fund Services. "Essentially everyone has come
James Williams, Hedgeweek
Dublin's International Financial Services Centre (IFSC) employs over 38,000 people and is home to some of the world's leading financial institutions; industry stalwarts such as Merrill Lynch, ABN Amro, JP Morgan.  But in recent years, this area of Dublin has ushered in a slew of technology companies, many of them exciting start-ups specialising in financial technology. Alongside the likes of Google, Twitter, LinkedIn and Airbnb, all of whom have their European headquarters located here, a number of interesting start-ups have sprouted up, causing some to dub this area `Silicon Docks'.  Firms such as Propertygate and Certus (portfolio management), CR2, Acquirer
Investment funds managed by Morgan Stanley Capital Partners (MSCP), the private equity team within Morgan Stanley Investment Management, have completed an investment in Fisher Container. MSCP is partnering with experienced plastics and packaging executive, Kevin Keneally, and the current Fisher management team to acquire the company.   Fisher, headquartered in Buffalo Grove, Illinois, is a manufacturer of innovative and technical flexible packaging products, primarily for the cleanroom, food and industrial end markets. The company prints and converts flexible plastic pouches, bags and films. Fisher Container is a third generation family business, founded by Don Fisher in 1969.   Don Fisher
Baker McKenzie South Africa has jumped from 16th to third place in the number of announced deals in the Thomson Reuters Emerging Markets M&A Review for Legal Advisers 2016. In 2015, Baker McKenzie South Africa was ranked in 16th position with two deals announced. In 2016, the firm advised on 21 deals, gaining significantly in the rankings.   The review ranks eligible mergers, acquisitions, repurchases, spin-offs, self-tenders, minority stake purchases and debt restructurings that were reported to Thomson Reuters in the period under review.   Morne van der Merwe, managing partner at Baker McKenzie's Johannesburg office, says: “This leap in
Noerr has, in conjunction with a team of experts from its real estate investment group (REIG), advised the Swiss real estate investor Gold Tree on the acquisition of a retail portfolio. The deal involves four properties overall, which are located in Berlin, Goslar, Ludwigsfelde and Rödental and were developed and built by the Dutch group Ten Brinke.   All properties were completed in 2016 and are being let long term to well-known national retail tenants including OBI, EDEKA and REWE. The overall purchase price is approximately EUR70 million. The portfolio was financed by BayernLB.   The future asset management will
Convergint Technologies, a KRG Fund IV portfolio company and independent provider of integration services for electronic security, fire and life safety and building automation systems, has acquired Post Browning. Founded in 1978, Post Browning is a full-service systems integrator providing consultation, installation, and maintenance for the retail banking industry.   The acquisition represents Convergint’s first transaction of 2017 and 13th under KRG’s ownership.   “The acquisition of Post Browning expands Convergint’s presence within the physical banking security market and is representative of Convergint’s commitment to partnering with best-in-class regional security integrators to help us better serve our customers,” says Ted
Large institutional investors are set to put cash to work in 2017, a BlackRock survey has found, with one in four (25 per cent) intending to decrease their cash allocations during the year, twice as many as those who plan to increase cash holdings (13 per cent). The survey shows a clear trend that this cash will be deployed in 2017, with institutional investors anticipating making significant shifts to less liquid assets. Investors are also looking to allocate to higher yielding areas, and are increasingly considering non-traditional asset classes.   The survey of 240 institutional clients globally, representing over USD8
CoInvestor has added funds to its platform, building on its existing service which allows direct and advised investors to co-invest alongside tax-efficient fund managers on the same terms. CoInvestor says the evolution of the platform to enable investment into funds, in addition to direct co-investment opportunities, is driven by the desire to provide investors and advisers with a “one stop shop” for tax-efficient investing.   In response to increased demand from financial advisers for simplification of the fund application process, CoInvestor has eradicated most of the traditionally paper-based application process and investors and advisers can apply to invest in a
Inflexion has completed a Partnership Capital, minority investment in Medivet Partnership, an independent veterinary clinic operator in the UK vet market. Medivet was founded in 1986 and now operates over 160 practices. Led by a team of veterinary surgeons with 300 years collective experience, the business has enjoyed exceptional growth.   Medivet has capitalised on industry deregulation that stimulated consolidation in its market, expanding through the acquisition of practices across the UK. The business harnesses favourable market dynamics as the circa GBP2 billion UK vet industry is buoyed by rising medical expenditure and insurance penetration.   Medivet sought a minority
A group of investors led by Trilantic Europe, a private equity firm focused on mid-market transactions in Europe, has signed an agreement with the Urgell family to acquire a stake in the Pachá Group, a Spanish leisure, hospitality and entertainment operator. Trilantic Europe, together with a group of co-investors that includes investors in its funds as well as MCH Private Equity and GPF Capital, will acquire a stake from the members of the Urgell family and provide additional resources to finance the company's expansion plan.   As part of the transaction, Ricardo Urgell, the founder of Pachá, will remain as

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