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By Nick Bayley (pictured), Duff & Phelps – Fed up with MiFID II yet? We are in the home straight and 3 January is just over the hill. But rather than relief that the finishing line is in sight, many of people I speak to are just a bit fed up with the whole thing.
Of course, some firms aren’t ready and they will be on borrowed time in 2018 until they sort themselves out.
But those firms who have got their preparation done are beginning to ask ‘Is this all going to work? Is it worth all the
Two investment management firms have forged a partnership to offer a one-stop solution for ManCo services to its international client base of hedge funds, private equity and real estate funds.
Lawson Conner Group, a leading ManCo, compliance and regulatory outsourcing firm, is teaming up with Fuchs Asset Management, a management company, to expand its ManCo services into Luxembourg. Fuchs Asset Management is the asset management arm of a family-run finance group, located in Luxembourg, Belgium and Switzerland.
The partnership will give Lawson Conner’s clients access to integrated fund solutions and ManCo services in Luxembourg, including Alternative Investment Funds, Undertakings for
Maven Capital Partners (Maven), one of the UK’s most active private equity houses, has led a GBP1.8 million investment into Curo Compensation Limited (Curo) to support the continued growth of the business. Maven is providing GBP1.2 million of development capital alongside further investment from Curo’s existing investors Downing and Scottish Investment Bank.
Curo has developed a highly configurable and scalable compensation management software solution called CuroComp, which enables customers to manage their pay review cycle quickly and securely, in accordance with agreed, and often complex, compensation plans. The company has an impressive client list and CuroComp is currently used to
Independent investment bank Zeus Capital has acted as nominated adviser (NOMAD) and sole broker to Sumo Group, as the independent game developer announces its GBP145 million AIM IPO.
The transaction saw strong support from institutional investors, including two successful share placings undertaken by Manchester-based Zeus, raising a combined total of GBP78 million.
Sumo Group is one the UK’s largest providers of creative and development services to the video games and entertainment industries and has previously provided co-development solutions to global developers and publishers including Microsoft, Sony, Sega and IO Interactive. Founded in 2003, the business employs more than 450
The UK’s third largest bakery chain, Coopland & Son, has received an investment of GBP8.5m from BGF to accelerate the rollout of its shops across the north of England.
From its three bakeries in Scarborough, Durham and Hull, the company delivers traditionally-made, high-quality produce including breads, sandwiches, pies, pasties and cakes to more than 140 Cooplands shops, 11 cafes and 28 sandwich vans. Cooplands retail outlets are typically located in busy shopping parades and high-streets across Yorkshire, Lincolnshire and the North East.
Founded in 1885, the fourth-generation business has been led by managing director Paul Coopland since 1985. Cooplands
Agilitas-backed Relita, the Swedish division of Recover Nordic group, a provider of damage control, emergency response and environmental services, has agreed to acquire Betongborrargruppen i Mälardalen AB (BBG), a company specialising in specialist demolition and remediation of concrete for real estate projects in Sweden.
Financial details of the deal have not been disclosed.
BBG was founded in 1997 undertaking projects for mainly larger Swedish construction and real estate companies. The company is one of the leaders in its sector and operates primarily in Mälardalen (with offices in Stockholm, Uppsala and Kungsör) and has headquarters in Veddesta. After the acquisition,
Zenith American Solutions has been acquired in a transaction led by Chicago-based Beecken Petty O’Keefe & Company (BPOC).
BPOC acquired the company from Water Street Healthcare Partners, LLC, a strategic investor focused exclusively on the healthcare industry, which grew Zenith American into the nation’s largest independent third-party administrator of benefits to Taft-Hartley trust funds during its more than nine years of ownership.
Zenith American Solutions is the largest independent third party administrator in the nation focused on delivering innovative services to Taft-Hartley trust funds, trade associations, government entities, and corporate employers. BPOC is a healthcare private equity firm, focused
Dalmore Capital (Dalmore) and GLIL Infrastructure LLP (GLIL) are to acquire, on a 50/50 basis, a 15 per cent interest in Anglian Water Group (AWG) from 3i.
AWG manages water and water recycling services in the East of England and Hartlepool, and is the largest water and sewerage company in England and Wales by geographic area. Measured by Regulated Capital Value (RCV) it is the fourth largest water company.
AWG supplies and services circa 2 million households and 124,000 business connections, delivering approximately 1.1 billion litres of water every day as the primary source. Its network includes thousands of
FRP Advisory has boosted its national Corporate Finance team with the appointment of Adrian Alexander as partner based in the firm’s Brighton office.
The appointment forms part of FRP Advisory’s strategy to create a national corporate finance offering to complement the other advisory activities of the firm. FRP Advisory now has dedicated, specialist corporate finance advisors across five of the firm’s 18 locations: Brighton, Bristol, London, Birmingham and Manchester. Adrian will handle corporate finance advice and transactions across the south-east of England.
Adrian’s arrival is a response to client demand for corporate finance advice from companies and private equity
Funds managed by Oaktree Capital Management have completed the placement of EUR135 million of debt secured against a majority stake in Eolia Renovables de Inversiones SCR (Eolia) with Brookfield’s infrastructure debt business.
The transaction was used to finance a dividend recapitalisation to Oaktree and cover transaction costs. The debt raised represents the largest transaction of its kind performed on a pure-play Spanish dedicated Renewables IPP, highlighting the attractive credit characteristics Eolia offers the broad International investor community. The debt would be transferrable to prospective investors in Eolia in the event of a future exit of Oaktree.
Ian Simes, Senior
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