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Partech Ventures has promoted André Francois-Poncet to Principal and appointed Victor Huberson as a Senior Associate, based in Paris.
A former M&A banker, André Francois-Poncet, who joined Partech Growth two and a half years ago, helped lead Partech’s investments in Made.com, Brandwatch, EcoVadis, and SendinBlue.
“It has been a real pleasure to see André grow within the Partech Growth team since 2015. His sharp investor flair and a relentless methodical approach to all the opportunities we have analysed and invested in, have impressed the whole Partech partnership. It is only natural to promote him and expand his responsibilities,” says
Oakley Capital has closed its third fund, Oakley Capital Private Equity III (Fund III), raising EUR800 million with continued strong support from existing investors and a EUR326 million commitment from Oakley Capital Investments Limited, the AIM-listed Fund established to provide investors with access to the Oakley Funds.
Oakley Capital has a highly successful 15 year track record of investing across Western Europe, with a focus on identifying investments where the firm can work proactively with founders and management teams in order to create substantial shareholder value for its investors.
Fund III, Oakley’s largest fund to date, attracted strong interest
Griffon Corporation has successfully completed its acquisition of ClosetMaid, a specialist in home storage and organisation products.
ClosetMaid is now part of Griffon’s Home and Building Products segment, which also includes Clopay Building Products and The AMES Companies.
“ClosetMaid is a terrific addition to Griffon’s Home and Building Products Segment, complementing and diversifying our portfolio of leading consumer brands and products,” says Ronald J Kramer, Griffon’s Chief Executive Officer. “We are proud to add ClosetMaid to our family of iconic brands including AMES, True Temper and Clopay, and to welcome the ClosetMaid team to Griffon.”
Effective immediately, Michael
Seedrs has closed a GBP6 million crowdfunding round adding to the GBP4 million invested last month by Woodford Investment Management, and taking the total amount raised to GBP10 million.
The fundraising round values Seedrs at GBP50 million on a fully-diluted, post-money basis.
Over 2,000 existing shareholders and new customers, from 35 countries, invested over the course of the five-day campaign. The average individual investment was GBP3,200 and the largest individual investment was GBP800,000 with the highest number of investors coming from the UK, Germany, Portugal, France and Italy.
Jeff Kelisky, Chief Executive Officer of Seedrs, says: “We are
The assets under management of investment companies domiciled in the Channel Islands have reached a record high pf GBP50.1 billion as of 31 August, according to the Association of Investment Companies (AIC).
This is the first time assets have exceeded GBP50 billion surpassing ttheeh previous record of GBP49.9 billion set on 30 June 2017.
There are 99 investment companies domiciled in the Channel Islands. Over the eight months to the end of August 2017 Channel Islands-domiciled investment companies achieved strong levels of secondary issuance raising GBP2.43 billion. This was significantly higher than the same periods in 2016 and 2015,
Bedell Cristin has appointed Lee Osborne as a Senior Associate in its Guernsey office.
Osborne (pictured), advises on a broad range of corporate, commercial and banking matters including investment funds and private equity, mergers and acquisitions, joint ventures, cross border transactions and corporate re-structuring.
A member of the BVI Bar Association, Osborne qualified originally as an English lawyer and spent time working at Shoosmiths in London, before moving to the BVI in 2008. In addition to advising on Guernsey law, Osborne also practises BVI law and has previously advised on Cayman Islands law with specific emphasis on open-ended
Prestige has appointed Dr Phil Hobbs as a specialist finance arranger at Privilege Finance, a provider integrated specialist consulting and financial solutions for small businesses within the agricultural, farming and food related sectors across the UK.
Hobbs will be focusing on optimising new and under-performing digesters in the agricultural and food waste industries – a core area of funding growth.
Privilege Finance offers a range of funding strategies, including specialist project finance focused on the development of on farm energy, waste to energy and waste to heat related projects within the UK.
Hobbs brings with him considerable experience
Sentinel Capital Partners, a private equity firm that invests in promising companies in the lower middle market, has sold PlayCore, a North American designer, manufacturer, and marketer of a broad range of play, park, and recreation products. Terms of the deal have not been disclosed.
“We are very pleased with the excellent results PlayCore has achieved,” said Eric Bommer, a Sentinel partner. “PlayCore has successfully executed a broad range of organic growth and add-on acquisition initiatives. PlayCore’s talented management team has incorporated new brands seamlessly and accelerated growth by cross-selling, accessing new market opportunities, and capturing cost efficiencies. During our
Schroders has appointed Reto Schwager as Chief Executive Officer of Schroder Adveq.
Schwager joins from the financial services group Orix Corporation where he was Global Head of Private Equity at Robeco and member of the executive committee of Robeco SAM. Prior to that Schwager was a partner and member of the executive board at Partners Group. Before that he was chairman of AIG Investment (Europe).
Schwager will be based in Zurich and report to Stephen Mills, Executive Chairman of Schroder Adveq. He succeeds Sven Liden in the role of CEO and will join the company on 01 January 2018.
Guernsey’s Private Investment Fund regime was launched in November last year and has so far proved to be a popular route to launch a private fund. As the regime approaches its first anniversary, Annette Alexander (pictured) of Carey Olsen, on behalf of the Guernsey Investment Fund Association, explains the PIF’s key features and the reasons behind its popularity.
Guernsey’s new Private Investment Fund (PIF) regime, launched in November 2016, has been keenly welcomed by industry participants. Aimed at circumstances where a special relationship exists between managers and investors, the new regime dispenses with any formal requirements for information
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