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PraxisIFM Fund Services (UK) has worked with RM Capital Markets on the initial public offering (IPO) of RM Secured Direct Lending on the premium segment of the London Stock Exchange.
Gross proceeds of GBP50.3 million were raised following the issue.
The investment objective of RM Secured Direct Lending is to invest in a portfolio of secured debt instruments to UK SMEs and mid-market corporates. The company will target an annualised dividend yield of 6.5 per cent once fully invested.
“We are delighted that RM has chosen to utilise our services as company secretary and administrator,” says Anthony Lee,
- 13/01/2017
Alternative credit investment firm Crescent Capital Group has held the final close of Crescent Mezzanine Partners VII with commitments of over USD4.6 billion, surpassing the fundraising target of USD3 billion.
Fund VII’s limited partners include a diverse mix of global investors from more than 20 countries including sovereign wealth funds, pension funds, insurance companies, financial institutions, foundations and endowments.
The closing represents the largest mezzanine offering in Crescent Mezzanine’s history. Thus far, Fund VII has deployed or committed approximately USD900 million across nine transactions.
“This fundraise is a significant milestone for our firm and speaks to the strength
- 13/01/2017
Halifax-based Ultra Finishing, a designer, manufacturer and distributor of bathroom fixtures and fittings, has received a significant investment from BGF (Business Growth Fund).
It will use the investment for product development, expansion into new markets and to enhance its service proposition to accelerate organic growth.
Founded in 1981, Ultra Finishing manufacturers, sources and distributes a wide range of bathroom products to online and high-street retailers, builders’ and plumbers’ merchants and other trade partners. Generating GBP60 million turnover in 2016, Ultra Finishing employs more than 350 people. Its range of brands include Hudson Reed, Ultra and Premier.
Ultra Finishing
- 13/01/2017
Technology investment firm Alpina Partners has acquired a significant stake in GefaSoft, a provider of MES-solutions (Manufacturing Execution Systems) and process visualisation software.
The three founders Franz Fuchs, Heinz Rabe and Ortwin Tischler will stay on as managing directors.
GefaSoft was founded in 1984 and developed into a leading provider of shop floor IT solutions. With its object-oriented process visualisation GraphPic and its scalable cloud-based software Legato Sapient the company offers MES-solutions for different industries. Customers include automotive OEMs as well as businesses in the pharmaceutical, food and renewable energy sector.
Alpina’s investment constitutes the basis to build
- 13/01/2017
Bankin’ has secured an EUR8.4 million fundraising round led by Omnes Capital, with participation from CommerzVentures, Generation NewTech and business angels.
The French provider of personal finance management apps intends to use the funds to speed up its R&D investments and develop new features.
The Bankin' mobile app aims to simplify and clarifiy money management including bank accounts, expense items (automatic categorisation) and monthly budgets. It also provides a forecast for end of month balance and automatic alerts of risks of overdraft. While Bankin’ can display several accounts from different banks together, the app also serves those who hold
- 12/01/2017
AMP Capital has raised USD2.4 billion for its global infrastructure platform at final close, with more than 50 institutional investors committing to its global mandate to invest in high-quality assets offering the best relative value.
The platform, which includes the AMP Capital Global Infrastructure Fund and the relaunched Strategic Trust of Europe (SITE), has attracted strong global interest particularly from investors in the UK, the US, Canada, Japan, Belgium, Denmark, Middle East, Ireland, Australia, Spain and Finland.
AMP Capital global head of infrastructure equity Boe Pahari (pictured), says: "We’re immensely proud of how we’ve evolved the global infrastructure platform
- 12/01/2017
Independent Growth Finance (IGF), a commercial finance provider for SMEs, has appointed Mark Lindsay as managing director of its invoice finance practice.
Following the development of IGF’s asset based lending facilities, IGF is seeking to replicate this trend across its entire product offering.
Lindsay will be responsible for increasing the client base and lending book of the business’ established invoice finance division, developing new financial products and continuing the firm’s recent hiring run across the country.
Lindsay moves from his previous role as managing director at Bibby Trade and International Finance, where he spent more than five years leading a team of trade finance experts providing finance solutions to SMEs.
Prior to this, he was a regional manager
- 12/01/2017
Law firm Goodwin has expanded its private equity and private investment funds practice with the addition of partners Marie-Laure Bruneel and Arnaud David in the firm’s Paris office.
“The skills and talent of Marie-Laure and Arnaud, who are both well-known in the market, allow us to offer a complete range of services and cover all the needs of our clients, including investment banks and managers,” says Maxence Bloch, chair of Goodwin’s Paris office. "Their arrival is a significant step in our strategy of becoming an industry leader in the private equity, infrastructure and real estate investment spaces, not only in the
- 12/01/2017
Dentons has recruited three partners to work in its private equity and corporate/M&A practices in Europe.
They are Christopher Rose (CEE/UK), Alessandro Dubini (Italy) and Simon Vogel (Germany).
Rose joins as head of Dentons’ Europe venture technology group, splitting his time between Moscow, London and Warsaw. He joins from Squire Patton Boggs, where he was head of the emerging markets private equity group.
Rose specialises in cross-border private equity and venture capital investments and exits, as well as M&A and joint ventures. He has advised on over 200 transactions on behalf of leading private equity and venture capital investors. He
- 12/01/2017
Intelliflo has integrated its financial adviser business software, Intelligent Office (iO), with Jitterbit to streamline access to its new Open API facility.
Through Jitterbit’s Harmony integration platform, Intelliflo, which is majority owned by private equity firm HgCapital, will offer a range of intuitive user interface and integration starter packs that will make it easy for everyday users to connect third party applications with iO in seconds, automating common tasks across different systems.
Rob Walton, COO of Intelliflo says: “Open API delivers a world of possibilities for our clients and third party suppliers, but it can be daunting for those who
- 12/01/2017
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