Latest News
RNC Minerals (RNC) has entered into a USD4 million 18-month Convertible Term Debt Facility with Pala Investments Limited (Pala).
Mark Selby, President and CEO, says: “I am pleased to have this investment by Pala, one of the world’s leading mining private equity groups and an investment leader in the battery materials sector. This investment highlights the position of the Dumont Nickel Project as one of the world’s largest resources of both nickel and cobalt, two key components of the batteries used in the growing electric vehicle market. Dumont is the only fully permitted, shovel ready, large scale nickel and cobalt project
Smartkarma, an Asia-based provider of independent investment research, has opened a new UK office to serve as a hub to build out its independent research analyst community in Europe and support its buy-side investor clientele.
Arzish Baaquie (pictured), who joined the firm in 2014 and previously led the Special Situations offering, is spearheading the growth of Smartkarma in the UK and will build a team based in Baker Street, London.
Smartkarma’s move to the UK coincides with major banking legislation, MiFID II, which takes effect in January 2018 and is forcing transparency around the supply and payment of research.
M&A specialists from Carey Olsen’s Guernsey corporate team have advised long-standing client and Toronto Stock Exchange (TSX)-listed Avnel Gold Mining Limited (Avnel) on its successful acquisition by TSX-listed Endeavour Mining Corporation (Endeavour) by way of a Guernsey scheme of arrangement.
Endeavour, a premier intermediate gold producer focussed on assets in the West African region, has acquired all of the issued and outstanding ordinary shares of Avnel in exchange for the issue of new Endeavour shares.
Avnel is a gold mining, exploration and development company with operations in southwestern Mali in West Africa. Its focus is to develop its 80
The three Northern VCTs – Northern Venture Trust PLC, Northern 2 VCT PLC and Northern 3 VCT PLC – have launched a new joint share offer, to raise an aggregate of up to GBP60 million (GBP20 million per fund) in the 2017/18 tax year.
Applications under the offer will be dealt with on a first come first served basis, except that existing shareholders in each of the companies will have priority application rights until 13 October 2017. In previous launches the VCTs have experienced strong demand from investors, and in recognition of this all applicants are encouraged to submit
Maven Capital Partners has announced VCT offers to raise up to GBP30 million (with an over-allotment facility for up to a further GBP10 million).
Maven is launching the offers to take advantage of the strong pipeline of new transactions which is in evidence across the Maven regional office network.
For the first time investors in Maven VCTs will have the option to complete and submit an application and payment online by visiting a new dedicated and secure investment portal operated by Capita Asset Services which is the Receiving Agent and Registrar for the Maven VCTs. This new system has
Maven Capital Partners (Maven), one of the UK’s most active private equity houses, is leading an investment in ADC Biotechnology (ADC Bio) to support the construction of a dedicated pharmaceutical manufacturing facility at a site in Deeside, North Wales, creating 50 new scientific jobs.
The facility will cost GBP8 million to construct, a substantial part of which has been funded by a syndicate of technology investors, which includes Maven VCTs, Seneca and Finance Wales, and the Welsh Government, which is providing a grant.
ADC Bio operates in the highest growth sector within oncology therapeutics and has developed a unique
ICI President and CEO Paul Schott Stevens comments on the European Commission’s adoption of a proposal and communication following its review of the European Supervisory Authorities (ESAs)…
As a global association representing the interests of funds and their investors located around the world, ICI strongly supports the goal of supervisory convergence in the European Union. When done properly, supervisory convergence, like that envisioned for the European Securities and Markets Authority, can lower barriers and improve efficiencies in markets to the benefit of funds and investors.
The Commission’s proposed approach, however, risks closing off Europe to third-country fund managers by limiting
Littlejohn & Co, a private investment firm based in Greenwich, Connecticut, has sold C&K Holdings, a provider of function-critical, highly engineered electromechanical switch and interface technology solutions, to Sun European Partners, an affiliate of Sun Capital Partners, Inc.
Financials have not been disclosed.
Founded in 1928, C&K is one of the world’s most trusted brands of high-quality electromechanical switches. The Company has developed a comprehensive product portfolio featuring 50,000+ unique products, serving over 20,000 customers across the Industrial, Automotive and Aerospace sectors, and blue-chip OEMs. C&K is headquartered in Newton, MA, with global design centres in Newton, Dole, France,
Perusa Partners Fund 2 has acquired a majority 51 per cent stake in MBN (MBN-PROLED) a specialist in the development, production and distribution of LED lighting.
Under the brand names PROLED and MBNLED, MBN-PROLED offers high-quality LED lighting, controllers and components worldwide. The partnership’s goal is to achieve a leading European position for the company through growth and acquisitions.
MBN-PROLED founder Bernd Menrad remains 49 per cent shareholder and continues to lead the company as sole managing director. Both parties have agreed not to disclose the purchase price and further details of the transaction.
Dr Christian Hollenberg, founding
Prosper, a marketplace lending platform for consumer loans, has secured a USD50 million investment from an investment fund co-managed by FinEX Asia.
The Series G investment, which brings Prosper’s total equity raised to USD410 million to date, will be used to make strategic investments in the company’s platform and products.
“This investment is a strong signal of confidence in our business fundamentals and the momentum we are seeing right now,” says David Kimball, CEO, Prosper Marketplace. “Over the past year, we’ve shown that we can build a sustainable business that continues to redefine the online lending experience for our
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
