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IK Investment Partners’ (IK) IK VIII Fund is to acquire PwC Sweden’s (PwC) business services division for accounting, payroll and related advisory services (Business Services).
Business Services will continue to operate under a new brand which will be developed during the upcoming months.
Business Services is the market leader in accounting, payroll and related advisory services with 71 offices and approximately 1,100 employees across Sweden. Business Services, which operates as a separate division within PwC, supports over 27,000 small and medium-sized enterprises (SMEs). Business Services had a turnover of more than SEK 950 million in 2017, and has shown
Tony James, President and Chief Operating Officer of Blackstone is to hand over day-to-day management of the firm to Jon Gray, Global Head of Real Estate.
James will continue in a full-time role at the firm and assume the title of Executive Vice Chairman, reporting to Stephen A Schwarzman, Co-Founder, Chairman and Chief Executive Officer.
Gray will become President and Chief Operating Officer also reporting to Schwarzman. Two long-time leaders in Blackstone’s real estate group, Ken Caplan and Kathleen McCarthy, have been named Global Co-heads of Real Estate succeeding Gray.
James says: “I have had a wonderful 15
Caroline Jury further enhances Morrison & Foerster’s London finance practice, and becomes the latest partner to come to MoFo from a magic circle firm.
Jury, who comes to Morrison & Foerster from Clifford Chance, is the fifth partner in less than two years to join from a magic circle firm. She brings a wealth of experience and accomplishments in cross-border financial transactions.
“Caroline is a highly experienced lawyer with deep connections and experience in the London market and an impressive track record in building market-leading finance practices, including in Germany and most recently in Sydney,” says Paul Friedman, Morrison
European private investment fund Capzanine has made an investment in EOS Corrugate, joining the company’s existing management team and historical investor Eximium to support the group’s development.
Founded in 2013, following Rodicut’s acquisition of Bricq (formerly Voith Paper), EOS Corrugated is one of the world leaders in the production of technical consumables (polyurethane anvil covers, rotatory cutting dies, corrugated belts, and more), mainly for the corrugated cardboard industry. The group, which has 120 staff and a turnover of more than EUR20 million, enjoys international exposure with a presence in over 70 countries.
Capzanine is taking over the majority of
BlackRock’s Global Infrastructure Debt Team closed more than USD400 million through seven long-term debt investments across the renewables sector on behalf of its clients in 2017, supporting circa 2800 megawatts (MW) of generating capacity.
This brings the Global Infrastructure Debt Team’s total renewables debt portfolio to over USD1 billion, forming part of the total USD8 billion in Assets under Management (AuM) managed by the team.
Most recently, the team has closed a bilateral solar debt financing in the UK, the financing of the Walney Extension Offshore Wind Farm, where BlackRock was involved from the outset in structuring and negotiating
Mobile marketing platform Adikteev has secured USD12 million in its Series B round for further international growth outside of its home base in France, as well as research and development efforts.
Ring Capital and BNP Developpement led the round to which ISAI, Ventech and Laurent Asscher also contributed. Adikteev uniquely combines state-of-the-art creative technology, data and artificial intelligence to deliver ROI for advertisers and app developers.
“In just five years, Adikteev has reached an unprecedented level of strategic growth from seizing new opportunities in the marketplace,” says Xavier Mariani, CEO of Adikteev. “This new round of funding will help
PEF Services, a leading fund administrator for alternative investment managers, today announced the signing of a new client.
Private equity firm Blue Point Capital Partners has selected PEF Services to provide fund administration for its four institutional funds.
With the recent announcement the closing of its fourth buyout fund, Blue Point has now raised nearly USD2.0 billion in capital and will continue to focus on partnering with entrepreneurs and management teams to grow leading middle market companies.
“Until now, we have managed our back office functions with internal resources. Supplementing our internal resources will help support our growth and
Equity crowdfunding platform Seedrs has reported record trading on its secondary market which was launched in June 2017 and was opened to all investors, whether previous shareholders or not, for the first time last week.
Until Seedrs announced the launch of its secondary market, the long-term nature of early stage equity meant that the majority of shares would remain illiquid for some time and investors generally needed to wait for an exit such as an IPO or sale of the business. Since launch, 1,330 share lots have been traded on the Seedrs Secondary Market.
When the Seedrs Secondary Market
McKinsey & Company’s 2018 annual review of private markets confirms global fundraising and assets under management (AUM) reached record highs in 2017, while managers once again faced mild difficulties to deploy capital, as deal count fell, multiples went up, and dry powder increased for the ninth consecutive year.
The report, called ‘The rise and rise of private markets’, is the first publication of the year to comprehensively analyse 2017 performance with the full year’s data across five asset classes – private equity, infrastructure, private debt, natural resources, and real estate. As well as examining capital flows and deployment, the report
Ares Capital Corporation and Varagon Capital Partners have increased the investment capacity of their joint venture, the Senior Direct Lending Program (SDLP), to approximately USD6.4 billion from USD2.9 billion.
AIG (NYSE:AIG), an existing investor in SDLP, increased its capital available to the program by USD500 million to USD2.75 billion and another leading global insurance company newly made available USD2.0 billion. Ares Capital and Varagon have agreed to make available an incremental approximately USD1.0 billion on a pro rata basis based on their respective ownership of subordinated certificates in the SDLP.
During 2017, the SDLP made USD1.1 billion of new
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