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Heidelpay Payment, a leading German payment service provider in e-commerce, backed by private equity firm AnaCap Financial Partners (AnaCap), has acquired Hamburg-based StarTec Payment & Service.
The acquisition of StarTec, a provider for all aspects of cashless payment transactions at the physical point of sale (POS), will expands Heidelpay’s portfolio with additional services and expertise in both online and offline payments.
Heidelpay’s consolidation strategy reflects the wider movement towards an accelerated use by bothe-commerce and traditional businesses of streamlined payment processes. In addition to e-commerce payment systems, the acquisition of StarTec enables Heidelpay to offer payment solutions for brick-and-mortar
Tortoise Investments and Lovell Minnick Partners have teamed with existing management to acquire Tortoise, a specialist in essential assets and essential income investing. Terms of the private transaction have not been disclosed.
As part of the transaction, ongoing management and employees are expected to meaningfully increase their ownership of Tortoise. Employees will retain a significant equity interest, with many investing additional capital alongside Lovell Minnick, who will purchase the equity stake held by Mariner Holdings and retiring co-founders of Tortoise.
“We are excited and energised by our fit with the team at Lovell Minnick,” says Tortoise chief executive officer
Helly Hansen is to acquire Musto, the British specialist sailing and country apparel brand, from Phoenix Equity Partners and other shareholders.
With this transaction, Helly Hansen will become a global leader in professional sailing apparel, complementing its existing leadership position in professional skiing apparel and enhancing its presence in the UK outdoor market.
Musto is the British brand of choice for professional yachtsmen and world-class dinghy sailors. Granted two British Royal Warrants and an official supplier to both the British National Sailing Team and the British Equestrian Federation through to the 2020 Tokyo Olympic Games, Musto leverages its British
The Halifax Group is actively pursuing investments for Halifax Capital Partners IV (Fund IV) after raising capital earlier this year and meeting its hard cap of USD650 million. Demand for the fund offering exceeded its original target of USD550 million.
David Dupree, Founder and Senior Partner, says: “With this fund, we responded to interest from existing investors, obviating the need to market the fund more broadly. We have shared a long-term relationship with our base of returning limited partners, in some cases over 18 years. In addition, we welcomed one new investor along with an investment team we know from
Endowment Wealth Management has launched its EWM Unicorn Technology Fund.
The private fund is seeking to raise up to USD25 million to capitalise on what its management team sees as opportunities in the secondary market for private, late-stage venture capital technology companies. Such firms are often referred to as unicorns due to their rarity and size. The fund manager will seek to build a diversified portfolio of companies that it believes may experience a liquidity event in the next 2-4 years. The Unicorn Technology Fund is currently fully invested across six such companies and the manager intends to add additional
Cowen has added to its Investment Banking team with the appointment of Miguel Roman as Managing Director, Head of Leveraged Capital Markets and Syndicate.
In his new role, Roman is responsible for leading the Leveraged Finance Capital Markets and Syndicate function and is based in Cowen’s New York City corporate headquarters. Roman reports to Craig Zaph, Managing Director and Head of Leveraged Finance and Debt Capital Markets.
“Cowen is focused on growing its leveraged finance business and Miguel will play a key role as we continue to deliver innovative financing solutions to our clients,” says Kevin Raidy, Cowen Head
Private investment firm Clayton, Dubilier & Rice (CD&R) has appointed Ross McInnes as an Operating Adviser to the firm’s funds.
McInnes, a seasoned corporate and finance executive, will advise on fund investment activities throughout Europe.
McInnes, Chairman of the Board of Safran, has held senior leadership positions at some of the largest industrial, defense and luxury goods businesses in the world. He joined Safran, the global supplier of systems and equipment for aerospace, defense and security, in 2009, where he held the position of Executive Vice President, Economic and Financial Affairs before becoming Deputy Chief Executive Officer. Prior to
AMP Capital, on behalf of investors in its global infrastructure equity platform, has agreed to acquire 100 per cent of Leeds Bradford Airport from Bridgepoint Advisers Limited.
Leeds Bradford Airport is an international airport serving the cities of Leeds, Bradford and the broader Yorkshire area, with four million annual passengers.
Leeds Bradford Airport is a compelling investment for AMP Capital due to its excellent location and strong growth prospects as well as AMP Capital’s expertise and successful track-record of investing in airports globally within its infrastructure portfolio for more than 20 years.
A mix of low-cost, charter and
More than a third of UK companies (35 per cent) with fewer than 250 employees are changing their business strategy as a result of Brexit, according to new research from Albion Capital.
The Albion Growth Report 2017, launched today, surveyed more than 1,000 SMEs and found that of those changing strategy because of Brexit, over a fifth (21 per cent) are investing in new offices or existing operations outside of the UK. This compares to less than one in ten (8 per cent) investing more in their UK operations.
More SMEs believe Brexit will hinder companies looking to enter
With the implementation of AIFMD and UCITS V, the cost of launching EU funds has undoubtedly increased. Managers have to weigh up these costs versus the benefits of reaching a wider audience of European investors, compared to offshore funds. For those based in the UK, an added complication is Brexit.
For low-cost, business-friendly jurisdictions like the Netherlands, where English is nearly universally spoken, the UK’s decision to leave the EU could well work to its benefit, although only time will tell.
If a start-up manager does wish to set up a fully licensed AIF in the Netherlands, under the full
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