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Private equity and real estate fund administration specialist Augentius, has conducted new research which lays bare the extent of opposition to Brexit within the private equity and real estate industry around the globe.
In a survey of more than 200 Private Equity and Real Estate firms across Europe, the US and Asia, a clear majority of three quarters indicated their support for Remain. Among UK firms alone, the level of support for Remain is similar, at 73 per cent – far higher than among the wider UK electorate, with polls suggesting a tight race.
Interestingly, majority support for Remain
- 06/06/2016
State Street Corporation’s GX Private Equity Index, a benchmark for comparative analysis of private equity performance, which includes a comprehensive data set dating back to 1980saw an overall return of 1.11 per cent in the last quarter of 2015.
“Private equity funds posted a modest recovery in the fourth quarter after a brief drop in the previous quarter,” says Will Kinlaw, senior managing director and global head of State Street Associates, part of State Street Global Exchange. “Overall we have seen relatively steady performance in private equity investments for the past few years. The biggest driver in the fourth quarter
- 06/06/2016
Digital financial services investment and advisory firm Anthemis Group, and Exponential Ventures, the newly formed disruptive innovation and venture capital arm of MMI Holdings, have launched a global investment partnership that will invest in early stage financial wellness companies. MMI has provided the initial EUR30 million commitment while leaving room for other likeminded firms to join the initiative.
The investment partnership will operate on the principle that by supporting companies that improve the financial wellness of individuals and SMEs, investors can achieve ‘profit with purpose’ and help to create a prosperous and inclusive global growth economy. To that end, the
- 06/06/2016
IGF Asset Based Lending (ABL) has facilitated the management buy-out (MBO) for Testing Solutions Group (TSG), with a GBP1.5million deal. The three-year facility, will be used for the acquisition and to provide ongoing working capital.
Established in 2002, TSG is a specialist software testing company that was formed to help ensure successful business outcomes for clients’ IT systems. The company provides assurance and testing solutions, certified and practical training and recruitment services, predominantly in financial services and law.
IGF ABL created a bespoke and short-timetable option for TSG, resulting in a GBP1.5million deal that included Accounts Receivable and a
- 06/06/2016
Private equity firm General Atlantic has appointed Eric Zhang, former Global Partner and Managing Director of The Carlyle Group, as Managing Director and Head of China. Zhang will lead the firm’s investments in growth companies across China.
“We are excited to build upon our 16 years of experience partnering with leading entrepreneurs and growth companies in China,” says Bill Ford, Chief Executive Officer of General Atlantic. “Eric’s impressive track record in Asia, deep local expertise, and proven ability to invest in and partner with outstanding companies make him an ideal leader for our local team and long-term efforts in China.”
- 06/06/2016
European mid-market buyout investor Equistone Partners Europe Limited has added Richard Briault-Hutter and Roman . Hegglin to its investment team.
Briault-Hutter, who begins his role as Investment Manager with immediate effect, joins Equistone’s London office from corporate advisory firm Duff & Phelps where he held the position of Director. Before this, he worked as an Associate Director at DC Advisory (formerly Close Brothers Corporate Finance), where he focused on the consumer and travel sectors within the firm’s M&A team. Briault-Hutter holds a BA in Economics from the University of Manchester.
Briault-Hutter’s appointment follows the recent appointment of Hegglin to
- 06/06/2016
- 06/06/2016
Bregal Freshstream has acquired Radley, the well-known British handbag and accessories brand. Cavendish Corporate Finance advised Radley on the deal.
Founded in 1998, Radley is now the leading British handbag and accessories brand in the rapidly growing affordable luxury market with a multi-channel business and established distribution network covering the UK, Europe and Asia. Since 2007, the business has been majority owned by Exponent Private Equity.
Following the deal, veteran retailer Don McCarthy will join the business as Chairman. McCarthy is an entrepreneur with over 40 years investing, operating and controlling many high street names. He has previously held
- 06/06/2016
- 06/06/2016
AnaCap Financial Partners (AnaCap) has reached a final close on its third Credit Opportunities fund, raising a total of EUR595 million. AnaCap Credit Opportunities III was oversubscribed at its newly increased hard cap, following extremely strong interest from existing and new investors, and is approximately 30 per cent larger than its predecessor vehicle.
Combined with the firm’s latest private equity fund, AnaCap Financial Partners III, L.P., AnaCap has now closed funds totalling nearly EUR1.5 billion in 2016.
The Fund will target performing, semi-performing or non-performing credit assets comprising primarily consumer, SME and mortgage debt across Europe, including loans, leases, securities
- 06/06/2016
Noerr has advised the Chemnitz-based start-up Staffbase in a Series A round of financing. The investors Capnamic Ventures and KIZOO Technology are providing the company with over EUR2 million in total.
The new lead investor Capnamic Ventures will also drive expansion into the US.
Staffbase, which has been on the market for two years, is now Europe’s leading provider of employee and intranet apps for smartphones. Among its clients are Heineken, Siemens, Viessmann and T-Systems MMS. Staffbase provides companies with a platform for producing their own employee apps in a straightforward way. In addition, news, documents, calendars or shift schedules
- 06/06/2016
Mid-market private equity firm LDC has completed the exit of Synexus, a global research site group which provides patient recruitment and treatment services in support of drug research for clinical trials, in a deal that values the business at GBP178 million.
Synexus has been acquired by Jaguar Holding Company Luxembourg SARL and the transaction generates a 2.3x money multiple for LDC.
Headquartered in Manchester, UK, Synexus is one of the only global patient enrolment and investigator site management organisations (SMO). It enrols and manages patients for large, complex clinical trials on behalf of a number of leading international pharmaceutical,
- 06/06/2016
- 06/06/2016
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