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King & Spalding has appointed Kevin Glenn as a partner in the firm’s New York office. Glenn, a former partner at KPMG, joins the firm’s Corporate, Finance and Investments practice group, which includes the firm’s tax practice, to provide US tax advice to US and foreign multinational companies on cross-border financing, joint venture, and M&A transactions.
Glenn spent over 25 years at KPMG, where clients sought him out for his extensive experience in supply chain planning, post-merger global integration, cash repatriation, and foreign tax credit planning. His practice cuts across multiple industries including consumer products, financial institutions, automotive, retail and
Ares Management has appointed Myles Gilbert (pictured), former Managing Director at Cambridge Associates and Co-Chairman of its Credit Investment Committee, as Partner, Head of Investor Strategy & Solutions.
In this newly formed position, he will oversee a team of professionals within the Ares Strategy & Relationship Management Group. He is charged with supporting new product development, coordinating cross-platform mandates and overseeing consultant strategy.
Mike Arougheti, Co-Founder, Chief Executive Officer and President, says: “There has been a notable uptick in the number of large investors looking to develop significant strategic mandates across our platform – which I believe speaks to
There has been a 65 per cent jump in the number of firms referred to the Regulatory Decisions Committee, suggesting an acceleration in FCA investigations, according to Cleveland & Co, the boutique legal advisory business.
Information provided to Cleveland & Co by the FCA shows there were 476 firms in 2017 that were referred to the Regulatory Decisions Committee (RDC) in 2017, a significant rise from the 289 in 2016.
The RDC makes certain decisions on behalf of the FCA relating to enforcement and supervisory actions for firms, as well as firm authorisations. The RDC is the final stage
A new report entitled ‘Plant-based profits’, backed by a USD2.4 trillion coalition of 57 large investors, has urged global food companies to diversify their protein sourcing away from a reliance on animal proteins.
An analysis of 16 multinationals concluded that Nestlé and Tesco were best positioned to benefit from a transition to alternative plant-based proteins. Other companies engaged included Kraft Heinz, General Mills and Unilever.
The investor coalition is coordinated by the FAIRR initiative, founded by private equity pioneer Jeremy Coller (pictured), and includes pension funds such as AP2, AP3 and AP4 and institutional investors such as Aegon, Aviva Investors,
Gusto Restaurants has appointed Matt Snell as its new Managing Director. Snell recently joined the group as Commercial Director and will take over the reins from current MD Sue Crimes in April. Crimes will move into a Non-Executive board position as part of a planned succession process.
Gusto’s Chairman, Jeremy Roberts, says: “Matt brings a wealth of relevant experience to the role and we are very excited at his appointment. He will bring a different perspective and outlook to the business, enabling him to build on the strong foundations laid to date.”
Snell says: “Sue and the team have
Leading independent fund and corporate services provider, the Aztec Group, has made two senior promotions in Jersey with Michael Wood and Erique Mvalo both being appointed as directors within the private equity team.
Wood and Mvalo have played a vital role in the growth of the Group’s private equity offering, which was recently named Jersey’s leading fund administrator with USD77.5 billion net assets and 144 funds in the 2017 Monterey Report.
Wood has been with the Aztec Group for over 10 years, joining as a Client Relationship Manager in 2006. Over the years, Wood has watched the Group go
Private equity firm 1315 Capital has held the single close of 1315 Capital II, a healthcare growth equity fund, at its hard cap over USD300 million, exceeding its USD250 million target.
Similar to the first fund, 1315 Capital II includes endowment, foundation, public and private pension, and family office limited partners.
“We appreciate the ongoing partnership with our management teams and investors as we continue to support innovation and solutions across healthcare,” says Adele Oliva, Founding Partner. 1315 Capital will invest on average USD10-USD30 million into existing companies, or as part of the creation of a commercial stage ‘jumpstart’. Of
A new distillery, whose founders want to make England’s West Country one of the most recognised names in fine whisky, is seeking GBP2.75 million in SEIS/EIS funding.
The Dorset County Distilling Company is looking for backing to complete construction and begin production at its Springhead Distillery in the picturesque Blackmore Vale. Successful entrepreneur Hutch Wright and his son Alex, an experienced chef and brewer, established the business in response to the growing appetite for “craft” spirits.
Wright Snr says: “The trends that have transformed the beer, wine and gin markets during the past decade or so are increasingly shaping
By Ian Kelly (pictured), Augentius – Too many private equity firms are vastly underestimating their vulnerability to cyberattacks. While most managers are still implementing basic cybersecurity measures, criminals are eyeing them up for attacks that showcase a higher level of brazenness and financial intellect.
The PE response to cybercrime has been relatively slow – thanks in part to some cognitive dissonance.
As attacks have moved from major institutions like JP Morgan to central banks and regulatory bodies, PE executives have realised that the cybercrime will inevitably touch every corner of the industry. Yet, a size bias has persisted among many
General partners (GPs) in the alternative investment industry now have a single app that combines CRM tailored for capital raising and investor relations with global institutional investor intelligence.
advinda Investor Cloud’s new capital raising app includes contacts for limited partner (LP) decision makers, segmented by region and investor type.
“Thousands of GPs in the alternatives industry still use spreadsheets to keep track of communications with potential investors,” says Eva March (pictured), CEO at advinda. “This is highly inefficient, non-collaborative, and frankly, there is a better way. advinda now gives these GPs the opportunity to make their capital raising easier,
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