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Compliance and regulatory firm Lawson Conner has added XIO Group to its stable of private equity clients.
XIO (UK) LLP will operate as an onshore investment adviser, helping to support XIO Groups global private equity funds.
The UK entity is responsible for identifying opportunities in Western Europe and North America.
The London office is led by Carsten Geyer, XIO Group’s head of Europe, and supported by the group’s financial service co-heads Marcel Normann and Volker Dammann.
“Over the past 12 months we have seen an ever increasing demand for our regulatory hosting solution from global private equity
- 21/07/2016
Evercore is to transfer the control of its Mexican private equity business Evercore Mexico Capital Partners (EMCP) to a new entity formed by the existing principals of the business.
Under the plan, the EMCP team, led by Alfredo Castellanos, has formed a new entity, Glisco Partners, which will assume all responsibility for management of the existing EMCP funds, which currently manage USD266 million of invested capital.
Dr Pedro Aspe, the chairman of Evercore Partners Mexico, will continue to serve on the investment committee for the EMCP funds.
As consideration for the transfer of ownership, Evercore will receive a
- 21/07/2016
CoInvestor, a new alternative assets platform for sophisticated private investors, has made a wave of senior appointments to strengthen its board and advisory board, and help guide the business through its early stage growth as it seeks to transform the alternative asset investment landscape in the UK.
Launched in December 2015, CoInvestor’s online platform enables private investors to build their own portfolio of direct investments by co-investing alongside experienced fund managers on a deal by deal basis.
The platform has already attracted top fund managers including Oxford Capital and MMC Ventures, and has just signed a new partnership with
- 20/07/2016
Idinvest Partners, a European private equity investor, has appointed Stéphanie Courtadon as head of marketing with responsibility for both marketing and the RFP process.
Before joining Idinvest Partners, Courtadon had been head of marketing and development at Siparex from 2012 and head of investor relations and marketing at Crédit Agricole Private Equity from 2008.
Prior to this, Courtadon gained over 10 years of experience in asset management in several marketing roles including head of global marketing coordination at AXA Investment Managers and HSBC Epargne Entreprise.
- 20/07/2016
Online retirement planning start-up Guideline has completed a USD7 million series A round of financing led by Propel Venture Partners, with participation by existing investors including NEA and Lerer Hippeau Ventures.
"The employer based retirement plans market is immense, having grown from USD4.4 trillion in 2014 to over USD6 trillion by 20161, and participants in small business 401(k) plans are paying exorbitant fees on their assets, ranging between 0.68 per cent and 2.66 per cent," says Ryan Gilbert, partner at Propel Venture Partners. "Guideline is changing the 'high-fee low-growth' game by focusing on 401(k) growth, without collecting fees based on
- 20/07/2016
Bpifrance is making a EUR95 million investment in MédiPôle Partenaires to support the company’s growth strategy.
Bpifrance is now a major shareholder in the company alongside Bridgepoint, which will remain the group's majority shareholder.
MédiPôle Partenaires was created in 2014 following the combination of MédiPôle Sud Santé and Médi‑Partenaires, and is now one of the largest private hospital groups in France. It is renowned in particular in the fields of medicine, surgery and obstetrics (MSO), post-acute care and rehabilitation, dialysis, imaging and home care. In 2015, MédiPôle Partenaires generated revenue of approximately EUR866 million.
The group offers a large
- 20/07/2016
British Business Bank Investments has announced the first facility under its new expansion capital initiative, which supports finance providers who lend to smaller businesses.
The first transaction is a GBP16.5 million revolving credit facility for Kingsway, a Cheshire-based asset finance specialist. It is expected to increase Kingsway’s leasing capacity by up to GBP25 million, supporting investment in plant and machinery across the UK.
The expansion capital initiative, developed by British Business Bank Investments as part of its investment programme, enables it to support the development of diverse debt finance markets more effectively.
Under the new initiative, British Business
- 20/07/2016
This week’s recommendation on extending the alternative investment marketing ‘passport’ to fund managers in up to 12 non-EU countries is an important step towards improving choice for investors, says Invest Europe.
The European Securities and Markets Authority (ESMA) has presented its latest recommendation to the European Commission on extending the European Alternative Investment Fund Managers Directive’s (AIFMD) passport to funds and fund managers in key jurisdictions outside of the EU. This would allow these ‘third countries’ to manage and market their funds to investors based in the EU.
As part of its country-by-country assessment, ESMA has advised that there are
- 20/07/2016
The Jersey Financial Services Commission (JFSC) has welcomed the European Securities and Markets Authority’s (ESMA) recommendation to the European Parliament, Council and Commission that Jersey should be among the ‘third countries’ granted an AIFMD passport.
The JFSC has fully engaged with ESMA and has been working closely with member state regulators as part of the assessment process.
Following ESMA’s advice, there is now a period of up to six months for the European Commission to propose appropriate legislation and for the European Parliament and Council of Ministers to agree to the third country passporting rules becoming applicable to Jersey
- 20/07/2016
Guernsey has been recommended for a third country passport under the Alternative Investment Fund Managers Directive (AIFMD) by the European Securities and Markets Authority (ESMA).
The independent EU regulatory authority has assessed Guernsey, alongside 11 other non-EU jurisdictions, as part of its non-EU AIFMD passport reviews.
In its final assessment, ESMA has concluded that “there are no significant obstacles regarding investor protection, competition, market disruption and the monitoring of systemic risk impeding the application of the AIFMD passport to Guernsey”.
ESMA’s advice will now be considered for approval by the European Commission, Parliament and Council before they activate
- 20/07/2016
- 20/07/2016
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