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By Matt Mulry (pictured), Dillon Eustace – We often hear the Cayman Islands are criticised in the press or in political debate over perceived financial secrecy. A flagging election campaign in the US or Europe can easily benefit from the rejuvenating spark provided by an airing of the offshore holdings of the candidates and their families.
The slow release of private financial records from the Cook Islands or Panama can make headline news for weeks. The results of disclosing private financial information can be so potent that the effects on the economies of these small jurisdictions is largely ignored and
Intel Capital, Intel Corporation’s global investment organisation, has announced new investments totalling more than USD60 million in 15 technology startups, bringing its year-to-date investing to more than USD566 million.
“The world is undergoing a data explosion,” says Wendell Brooks, Intel senior vice president and president of Intel Capital. “By 2020, every autonomous vehicle on the road will create 4 TB of data per day. A million self-driving cars will create the same amount of data every day as three billion people.
“As Intel transitions to a data company, Intel Capital is actively investing in startups across the technology spectrum
The first annual HFC Rocks to Fight Child Abuse concert in support of Help For Children (HFC) is taking place on 26 October, 2017 at the Highline Ballroom in New York.
The concert, which is being backed by some major players in the alternative investment industry, will feature The Goo Goo Dolls, with special guest The Record Company.
Help For Children (HFC), established in 1998 as Hedge Funds Care, is a global foundation supported by the alternative investment industry. Its sole mission is to support efforts to prevent and treat child abuse. Help For Children raises money and awards grants in
London-based impact investment firm Red Ribbon Asset Management has launched the Red Ribbon Private Equity Fund and the Red Ribbon Real Estate Fund.
The funds will focus on socially responsible investments in emerging and growth markets, and India in particular.
The new Funds, both of which are listed, will restrict investment to ventures whose commercial objectives conform strictly to Mainstream Impact Investment criteria. Red Ribbon Asset Management’s Chief Executive Officer, Suchit Punnose, says: “As a firm, we are choosing to invest in well-governed, profitable businesses operating in mainstream markets that have a positive impact on society and the environment. This
Sheridan Capital Partners has completed a majority recapitalisation of existing portfolio company Smile Doctors. Through the recapitalisation, Linden Capital is joining as lead investor while Sheridan and management are both rolling over equity.
“Working with the entire Smile Doctors team to build the national leader in orthodontics has been a true pleasure,” says Jonathan Lewis, Managing Partner at Sheridan Capital Partners. “Together we have expanded the business from its 12 clinics in Texas and Georgia to over 90 clinics across 11 states. This recapitalisation validates the exceptional growth of the business during our ownership, and our continued investment in the
PNC Bank has closed a USD150 million revolving line of credit for CDI Corp, a portfolio company of AE Industrial Partners. PNC Bank served as administrative agent.
CDI Corp will use the funds, in part, to repay existing debt, partially finance the acquisition by AE Industrial Partners, LLC, and provide for ongoing working capital needs. Products associated with the transaction include treasury management services.
Based in Philadelphia, CDI Corp is a global staffing business that delivers solutions based on highly skilled technical and professional talent. Founded in 1950, the company delivers expertise in engineering and information technology solutions encompassing
Legal practice Osborne Clarke has advised RJD Partners (RJD), the UK Private Equity investor, on the management buyout of Class Tours Limited (Class Tours), a leading provider of language programmes and educational tours to schools in the UK.
This is the fourth investment from RJD’s third buyout fund, following the investment in Barber of Sheffield, and follows RJD’s successful investment track record in the education and leisure sectors.
Based in Hove, Class Tours is a well-respected provider of language programmes to schools with its Château de la Baudonnière courses in Normandy perhaps the most well-known. The business also provides
Mercury Capital Advisors, a global placement agent specialising in private investments, has opened a new office in Seattle, Washington.
The new office extends the reach of the Mercury iFunds platform, a digital solution offering a range of curated non-correlated investments to the wealth management community, namely RIAs and other intermediaries. Located in the Two Union Square building, the office is led by Brian Hanson, Executive Director, iFunds Distribution, who reports to Donal Mastrangelo, Executive Director and Head of US iFunds Distribution.
“iFunds provides digital access to an ecosystem of the same leading-edge alternatives managers and pre-IPO that we source
DataSine has raised EUR1 million in funding from investors including C Entrepreneurs, Sistema_VC and Force Over Mass at the close of the company’s seed round.
DataSine’s proprietary technology analyses transactional and biographical data to determine a customer’s personality, needs, behaviours, and life situation. This enables companies to offer products and services that are directly relevant to their customers and explain them in a way that resonates with each individual.
“DataSine’s technology is unique because it bridges the gap between machine learning, psychology and finance. Put simply – it is the ultimate personalisation engine for banks,” says Igor Volzhanin, Chief
AEP 2017 Ltd has selected Aztec to administer the Accent Equity 2017; a Nordic focused private equity fund advised by Accent Equity Partners AB (Accent).
Established in 1994, Accent has advised funds of over EUR1 billion in committed capital and these funds have acquired more than 80 Nordic mid-market companies since its inception, realising over 60 of those investments. Accent Equity 2017 L.P. represents its eighth fund, with its second and final close raising over EUR315 million (SEK3 billion) in capital.
Aztec will support AEP 2017 with fund establishment activities and provide ongoing administration, financial reporting and company secretarial
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