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Law firm Howard Kennedy is advising Lebanese restaurant chain Comptoir Group on its AIM listing, raising some GBP16 million.
Comptoir Group currently operates 11 Comptoir Libanais restaurants, together with further franchise outlets. It also operates two smaller Lebanese and Eastern Mediterranean outlets under the Shawa brand, and a further two standalone high-end restaurants called Levant and Kenza.
The restaurant group was created by Tony Kitous, who came to Britain in 1998 with just GBP70 in his pocket. He opened his first restaurant in 1993 after selling harissa and merguez sandwiches and home-made lemonade outside his local football club. Comptoir Group
- 24/06/2016
Financial service firms and technology providers around the world will spend more than USD1 billion in 2016 in the race to bring blockchain to capital markets, according to a new report from Greenwich Associates.
Financial service firms believe that blockchain (also referred to as distributed ledger technology (DLT)) has the potential to transform global capital markets. Blockchain technology is revolutionary because it allows, for the first time, a digital asset to be securely transferred from one party to another in near real time, without the need for a third-party intermediary.
In its latest in a series of DLT focused
- 24/06/2016
Alignable, the network for local business owners, has added an additional USD1.5 million in a strategic investment from Recruit Strategic Partners, the Silicon Valley based venture capital firm.
This brings Alignable’s total raise to USD13.5 million with the most recent prior round being USD8 million in September 2015 led by Mayfield Fund and existing investors Saturn Partners, NextView Ventures and Lead Edge Capital.
Recruit Strategic Partners is a 100 percent subsidiary of Recruit Holdings from Japan and has invested in innovative startups, including 99designs, Bench, Docusign, Kabbage and Shipbob, amongst others. The investment from Recruit Strategic Partners will be used
- 24/06/2016
- 24/06/2016
Brexit will have an effect on both the European and UK private equity and real estate landscapes, but it is only a number of issues facing managers, says David Bailey, Director of Marketing and Communications at private equity fund administrator Augentius.
Bailey points out that the European industry is in flux more generally, with ESMA due to report shortly on the extension of “passporting” to a number of third party countries, which itself could transform the way in which non-EU managers are able to access European investors.
“Two other things should be borne in mind,” says Bailey. “Firstly, with
- 24/06/2016
Irish Funds, the representative body for the cross-border investment funds industry in Ireland, kicked off its annual funds conference on Thursday, celebrating 25 years of the Association.
Having already put Ireland on the map as a global centre of excellence for funds, the conference’s programme was designed to look at the opportunities which the industry should be embracing in the next 25 years. Hundreds of global CEOs and industry executives are being joined in Dublin today by European policy makers and regulators to explore and debate the key issues of the industry.
This year’s conference was opened by the
- 24/06/2016
Financial institutions are facing a multitude of issues folowing the UK's vote to leave the EU, says law firm Eversheds, with passporting/mutual fund recognition likely to be a major concern for banks, investment managers and insuranace companies.
According to Eversheds, institutions which currently rely on “passports” under the Single Market Directives, such as the Capital Requirements Directive, Market in Financial Instruments Directive (MiFID), UCITS Directive, Alternative Investment Fund Managers Directive (AIFMD) and Solvency II Directive, may have to restructure their businesses.
Currently an institution, which the Prudential Regulation Authority or Financial Conduct Authority have authorised in the UK, has the
- 24/06/2016
Estera has bolstered its risk and compliance offering with the appointment of Risk and Compliance Director, Tui Iti who will be responsible for ensuring the company consistently adopts the highest global compliance standards across each of its international offices.
The newly created role consolidates Estera’s strategic approach to the management of internal and external risk.
Iti brings more than 16 years of multi-jurisdictional compliance experience to the group, gained from working in both the onshore and offshore finance industries across a range of sectors.
Prior to joining Estera, Iti was Group Risk and Compliance Director for multi-jurisdictional fiduciary services company,
- 23/06/2016
Skadden, Arps, Slate, Meagher & Flom has appointed private equity real estate lawyer Robert Porter Robert Porter as Of Counsel in the firm’s London office.
Porter, who joins from another international law firm, has more than 30 years of experience in the real estate sector, advising private equity real estate (PERE) firms, sovereign funds, property companies and financial institutions on UK and European real estate funds, joint ventures, M&A, financings and highly structured transactions across Europe and the Middle East.
Porter, who will head Skadden's European real estate private equity initiative, which complements the firm's prominent global PERE capabilities, says:
- 23/06/2016
One of the funds managed by SHS Gesellschaft für Beteiligungsmanagement has invested in the Austrian company Tyromotion.
The company is one of the world's leading manufacturers and distributors of robot-assisted and computer-assisted therapy units for the rehabilitation sector and has its headquarters in Graz. SHS is investing in the company with its fourth fund and can also rely on venture capital provided by the Austrian State Development Bank aws as part of its venture capital initiative.
Tyromotion develops and sells integrated solutions for the rehabilitation primarily of stroke patients based on modern robotics and sensor technologies. Smart networking of individual
- 23/06/2016
- 23/06/2016
Funds managed by Equistone Partners Europe (Equistone) have acquired a majority stake in the Sihl Group (Sihl) alongside its current management, from Italian business Diatec Holding.
The company is a manufacturer of coated papers, films, and fabrics.
The Sihl Group has specialised in the coating of paper, films, and fabrics for over 100 years, nowadays primarily for digital printing, and has roots reaching back over 500 years. Its customers include companies from a diverse range of sectors, such as architecture, printing and publishing, industrials, advertising and design, photography, and transport and logistics, as well as private individuals. With factories
- 23/06/2016
- 23/06/2016
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