Latest News
Kavitha Ramachandran (pictured), Senior Manager, Business Development and Client Management at Maitland, comments on the adoption the RAIF law in Luxembourg…
The launch of the RAIF is a very welcome development for the alternatives industry, and represents an important milestone in terms of the ‘bedding in’ of the new AIFMD regime. The switch from product to manager-focused regulation is one of the central planks of the AIFMD, so it makes no sense for the old now-redundant layer of product-focused regulation to remain in place – it amounts to regulating the same thing twice over. It doesn’t make investors any safer,
- 19/07/2016
- 19/07/2016
John Haynes (pictured), Head of Research at Investec Wealth & Investment, comments on Softbank’s proposed acquisition of ARM…
The announcement of an agreed bid for ARM Holdings by Softbank of Japan is the clearest illustration possible of the consequences of the current global currency volatility. Assuming the bid price, Softbank is paying over 25 per cent less in yen terms compared to over a year ago to acquire this crown jewel of UK, and indeed global, intellectual property. The devaluation of sterling will continue to provide interesting investment opportunities for overseas investors to buy UK assets, including central London property,
- 18/07/2016
The French private equity and venture capital association AFIC has welcomed the decision by the French financial markets authority AMF to introduce the concept of “premarketing” and adapt its definition of what constitutes an act of marketing.
AFIC, which as part of the framework of the working group FROG (French [Routes & Opportunities] Garden) had defended the importance of recognising the premarketing concept in French law, considers that this change in AMF doctrine will facilitate the launch of new funds in France and improve the distribution of French funds abroad.
Already accepted in other European financial markets, premarketing sends a strong
- 18/07/2016
Campbell Lutyens has appointed Sir Peter Westmacott – former British Ambassador to Washington – to the firm’s advisory board.
The advisory board, which was established at the formation of Campbell Lutyens 28 years ago, comprises a small number of distinguished thinkers who provide perspective and support to the executive team, which comprises over 90 full-time members operating from offices in London, New York and Hong Kong.
Westmacott says: "I have known John Campbell for well over 20 years and have followed with interest over that time the growth of Campbell Lutyens and the fields of private equity, debt and
- 18/07/2016
Noerr is advising SAF-Holland on its takeover bid for the listed Swedish Haldex Group.
The Noerr team is led by the Frankfurt partners Dr Holger Alfes and Dr Stephan Schulz.
Haldex is a provider of brake systems and air suspension modules for commercial vehicles. The cash bid values the company at around EUR442 million.
The proposed acquisition gives the SAF-Holland Group the opportunity to establish an integrated group for commercial vehicle chassis components.
In late 2015, Noerr already advised SAF-Holland on taking out a promissory notes loan for EUR200 million and also assisted the client in other
- 18/07/2016
Azalea Health has closed a USD10.5 million series B round of funding led by Kayne Partners, the growth private equity group of Kayne Anderson Capital Advisors, an alternative investment firm managing over USD22.5 billion in assets.
Existing Azalea investor Intersouth Partners, a venture capital firm in Durham, NC, also participated in the round.
Azalea Health is a provider of fully integrated, technology-enabled healthcare solutions and revenue cycle enhancement services for practices of all sizes and most specialties.
"The additional capital allows us to rapidly advance organic growth and consolidate the market through acquisition," says Justin Pierce, vice president of
- 18/07/2016
MarketInvoice has secured a GBP7.2 million investment led by MCI.TechVentures Fund of MCI Capital, a listed Polish private equity group.
This marks the first major fundraise from a peer-to-peer platform since the Brexit vote, with a European venture backer investing directly into the leading UK fintech company.
MarketInvoice, Europe’s largest peer-to-peer online invoice finance platform, will use the funds to cement its position as the biggest player in the UK, accelerate marketing, and continue developing its products around customer needs.
The platform has already provided GBP850 million worth of funding to UK businesses, and is set to reach
- 18/07/2016
Pensions Infrastructure Platform (PiP), an infrastructure investment manager established for pension schemes to facilitate long-term investment into UK infrastructure, has provided GBP27.5 million of inflation-linked debt financing to refinance a portfolio of 2,366 rooftop solar assets being arranged by Novatio Capital.
The rooftop assets are geographically distributed across England and Wales, with a total installed capacity of 6.71 MWp. The financing is repayable over 20 years benefitting from the UK’s feed in tariff regime.
Mike Weston, chief executive of PiP, says: “This is the first investment for the PiP Multi-Strategy Infrastructure Fund and marks another milestone in the development
- 18/07/2016
- 18/07/2016
Clearwater International has advised MCH Private Equity, one of Spain’s largest independent private equity houses, on the acquisition of a shareholding in Grupo Brasmar, a Portuguese frozen seafood company.
Brasmar is a fast-growing company based in Portugal, with a significant presence in Italy, Brazil and Spain. The business expects to generate revenues in excess of EUR150 million over the course of 2016.
The investment from MCH Private Equity in Brasmar will support the international expansion of the company and enable the continued development of innovative equipment and products.
Clearwater International advised MCH Private Equity, led by partners Miquel
- 18/07/2016
A shareholder group led by Investindustrial and L. Catterton (formerly known as L Capital), and including 21Investimenti, Ergon Capital, Wise and NB Renaissance, is to sell its investment in Stroili, an Italian affordable jewellery brand.
The acquisition is being made by THOM Europe, the holding company of Histoire d’Or, the number one jewellery retailer in France with a strong presence in Europe, in order to complete its European expansion ambitions.
Since Investindustrial’s entry into Stroili in 2006, the company has evolved into a branded fashion retailer focused on both shopping mall and city centre retailing with an increasing footprint
- 15/07/2016
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