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Gide has advised Renault on the renewal of its strategic partnership with OYAK in Turkey, extending their joint venture relationship.
The agreements signed on 26 June 2018 regulate the new terms of the joint venture relationship, including the manufacturing by OYAK-Renault of Renault and Dacia vehicles, their parts and spare parts, as well as their commercialisation by MAİS on the Turkish market.
The agreements bring no change to the shareholding structure of the joint venture companies: Renault still holds 51 per cent and OYAK 49 per cent of the share capital of manufacturing entity OYAK-Renault, while OYAK holds 51
Steven Cameron, Pensions Director at Aegon, comments on the FCA’s Investment Platform Market Study Interim Report…
We welcome the FCA’s largely positive Investment Platform Market Study findings and the proportionate and targeted set of remedies it is now considering. Platforms continue to rapidly replace traditional life companies at the heart of financial services and we are pleased the FCA has found competition is working well for most platform customers.
As in most areas of financial services, advisers play a key role in supporting customer decision marking and we welcome the distinction between advised and D2C platforms and the remedies
Blackstone’s Strategic Capital Group and Goldman Sachs Asset Management’s Petershill program have acquired a minority stake in Francisco Partners, a technology-focused private equity firm.
The investment provides Francisco Partners with balance-sheet capital to continue to develop its strong platform while increasing commitments to its own funds, and strengthening its alignment with limited partners. Terms of the transaction were not disclosed.
Dipanjan “DJ” Deb, Co-founder and CEO of Francisco Partners, says: “Since our inception, we have always prided ourselves on the strength of our relationships. We have the opportunity to work with great management teams who create solutions across all
Coinsilium Group Limited, a financer of early-stage blockchain technology companies, has appointed Malcolm Burne as a project advisor to TerraStream, its Gibraltar-registered wholly-owned subsidiary, with immediate effect.
Burne has a long-standing career in financial markets in the UK, Australia and Canada including directorships of a number of listed mining companies. He has led various successful natural resource ventures and has also built Ambrian Capital Plc into London’s premier natural resource broker at the time. He is currently Founder Chairman of Golden Prospect Precious Metals, a closed-end fund, and advisor to Altus Strategies and Arlington Group Asset Management.
As announced
Antabio SAS, a biopharmaceutical company developing novel antibacterial treatments in areas of highest unmet needs, has extended its Series A financing round with an additional EUR5.2 million subscribed by investment funds Omnes, BNP Paribas Développement, and Sham Innovation Santé (Turenne Capital).
Existing shareholder Galia Gestion also participated in this extension.
In October 2017, Antabio announced a first closing of its Series A financing round for EUR7.3 million subscribed by investment funds iXO Private Equity, IRDI SORIDEC Gestion, Galia Gestion and Antabio’s historical investor and former President of OM Pharma Christophe Ricard. The second closing brings the total raised in
Greensill, a provider of working capital finance for companies globally, has received a strategic investment from growth equity firm General Atlantic.
General Atlantic’s USD250 million investment values Greensill at USD1.64 billion.
Founded in 2011, Greensill provides businesses with alternative sources of funding, allowing them to provide suppliers with the opportunity for faster payment, while at the same time preserving their own capital position. Greensill has facilitated payments to 1.5 million suppliers, and provided over USD40 billion of financing across 50 countries since inception.
In its next phase of growth, Greensill plans to work closely with General Atlantic to
Céréa Capital has sold it stake in BCF Life Science, a French specialist in the extraction of natural amino acids, with sales of roughly EUR30 million in 2017, to MBO Partenaires and the company’s senior management team.
Jacques Pidoux and Renaud Sergheraert, Managers of BCF Life Sciences, says: “Céréa Capital’s support since 2012 has been extremely positive in helping to strengthen the company’s industrial facilities and its economic fundamentals. The arrival of MBO Partenaires opens a new page to further accelerate the strategy of innovation and international development whilst ensuring the ongoing pursuit of industrial investments essential to the Group’s
RL Solutions (RL) and Datix Limited (Datix), providers of healthcare quality and patient safety software, are to combine to form a key player in patient safety, quality, and infection prevention.
Datix is a portfolio company of private equity firm TA Associates.
After a brief transition period through the end of July, Seyed Mortazavi, Datix CEO, will take over chief executive duties of the combined company. Sanjay Malaviya, RL’s founder and CEO, will become executive chairman of the board. Both will work together closely to ensure a smooth transition of duties so that mission critical work can continue to be
Mercia Fund Managers has expanded its equity team with the appointment of Matt Molyneux as Investment Manager.
A chartered accountant with 12 years’ experience in finance, Molyneux joins from BDO in Manchester, where he spent seven years in the transaction services team providing due diligence to private equity firms.
In his new role, he will be based at Mercia’s Manchester office as part of the EV Growth team, focused on investing in high-growth SMEs across the UK. Molyneux will be responsible for sourcing and completing investments and advising portfolio companies. His appointment follows the closing of the GBP45.1 million
HarbourVest Partners, a global private markets asset manager, has been chosen by the Government of Canada to participate in the country’s Venture Capital Catalyst Initiative (VCCI) to increase the availability of late-stage venture capital in Canada.
The Government of Canada, through the Business Development Bank of Canada (BDC), has committed to support the creation of a new venture capital fund of funds formed under the VCCI program.
“We are honoured to have been chosen to participate in the new Canadian-focused Venture Capital Initiative,” says Senia Rapisarda, Managing Director at HarbourVest in Toronto. “Following on the success we have had with
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