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Assetz Capital has launched a 1 per cent Spring bonus, giving investors an additional 1 per cent gross target interest until 30 June 2018.
All new funds lent before 4 April 2018 on the Assetz Capital platform will now earn the additional target interest until 30 June 2018.
The 1 per cent Spring bonus is available to both new and existing investors, and all of the Assetz Capital investment accounts qualify, including the Manual Lending Account. ISA-wrapped accounts are eligible too. Any additional interest will be paid in a lump sum within 30 days of the end of the
Changes to regulation, proposed today by the European Commission, could limit future funding prospects for one-in-four companies seeking private equity investment, says Invest Europe.
Part of the Commission’s Capital Markets Union action plan, the initiative is intended to improve cross-border capital investment flow in the European Union. However, today’s announced plans to amend the private equity and venture capital laws would, conversely, make it harder for fund managers to raise cross-border capital from EU investors, warns the trade association:
“The Commission’s latest proposal goes against its good intentions for a Capital Markets Union that improves cross-border capital flows,” says
Legado Capital has acquired Kivuto Solutions Inc (Kivuto) along with a group of investors, including the lead investor, Roynat Equity Partners.
Founded in 1997 by Ram Raju, Kivuto Solutions Inc was established to simplify the management and distribution of software in higher education. The company’s platform powers OnTheHub, a network of custom school branded web stores that provides students with discounted academic software and Texidium, an end-to-end eBook adoption, delivery and reader solution.
For the past two decades, Kivuto has worked with leading software publishers to develop academic programs that empower students and provide them with the tools and
The Institutional Limited Partners Association (ILPA) has appointed Steven Nelson as Chief Executive Officer.
Nelson brings 20 years of global experience serving endowments, foundations, pensions and family offices at Cambridge Associates where he has held numerous leadership roles including his most recent position as Chief Operating Officer. Nelson was named after an extensive and effective search process led by Toronto-based Arlington Partners International. He will officially assume his ILPA role on March 26, 2018, based out of the organisation’s Washington, DC office.
“Steve Nelson brings an authentic and collaborative leadership style to our Board of Directors and team,” says Tanya
Gide’s Casablanca office has assisted Wendel on the sale of its equity interest in the holding company of the Saham group for USD155 million (EUR125 million).
This transaction took place alongside the sale by Saham group of its insurance division to South Africa-based Sanlam, the leading financial services provider in Africa, for more than USD1 billion. It is subject to the completion of the transaction between the Saham Group and Sanlam, which should occur in the second half of 2018.
Wendel will also get an earn-out, with a portion of the capital gains on any disposal of the remaining
Gen Cap America has sponsored a buyout of CoreMedical Group (CoreMed) in partnership with management. Terms of the transaction have not been disclosed.
CoreMed, based in Manchester, New Hampshire, is a leading healthcare staffing and recruiting agency specialising in travel and permanent placement for nurses, allied health professionals and physicians. With more than 25 years of experience, CoreMed recruits medical professionals and provides staffing solutions to hospitals and healthcare providers in all 50 states.
Chris Godwin, Managing Director at Gen Cap America, says: “We are excited to have the opportunity to invest in CoreMed alongside the management team. CoreMed
Mid-market private equity investor Equistone Partners Europe Limited (Equistone) has held the final closing of Equistone Partners Europe Fund VI (EPEF VI) at its hard cap with total capital commitments of EUR2.8 billion.
Equistone completed the fundraising within four months of its launch in early November 2017. The Equistone team will also make a commitment to EPEF VI alongside the institutional investors.
Consistent with Equistone’s established strategy, EPEF VI will invest in European buyouts valued between EUR50 million and EUR500 million, targeting well-positioned businesses in Western Europe with high-calibre management teams and strong growth potential. The fund attracted
Ocorian, an independent provider of corporate and fiduciary services, has appointed Alan Booth as Managing Director of its UK business.
Booth (pictured), was previously Global Head of Product Management within Deutsche Bank’s Corporate Services Division, and will play a key role in driving Ocorian’s enhanced corporate services offering.
Booth’s in-depth knowledge of the global regulatory and legal environment – gained through 12 years’ experience in structured finance, private equity and real estate structuring – will prove central to the shaping and management of Ocorian’s growing corporate services business.
Ocorian has grown considerably over the last two years, with
UK FinTech Delio, a specialist in digital private market services and solutions, has launched DelioConnect, a new connected network of discrete and own-branded private investment communities, which enables members to expand their distribution capability and their deal flow.
This latest product offering allows members to find trusted partners they wish to engage, connect and communicate with to find new sources of capital or to find exciting investment opportunities that are in line with their preferences.
Members can use DelioConnect to access a catalogue of vetted network participants, allowing them to confidentially connect under their own terms. Supporting documentation can
Davis Polk has appointed Michael S Hong as a partner in the firm’s Investment Management Group in New York, focusing on private equity fund formation.
Hong comes to Davis Polk from Paul, Weiss, Rifkind, Wharton & Garrison LLP, where he was a partner in their Private Funds Group. He advises sophisticated private fund managers across all asset classes in their most complex, high-value transactions, including fund formation and ongoing investment-related advice. Hong also has extensive experience with sales, purchases and joint ventures involving alternative asset managers.
“We welcome Michael to our distinguished Investment Management Group,” says Thomas J Reid,
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