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Invesment manager platform Lawson Conner has been awarded the coveted EuVECA designation, from the European Securities and Markets Authority (ESMA).
This designation means that UK venture capital funds that use its platform, can now have unfettered access to European-based investors.
The EuVECA regulation allows venture capitalists to market their funds to investors across the EU through a voluntary EU-wide passport without having to meet all the demands of the AIFM Directive.
“We are extremely excited to be one of the very first UK platforms to win a EuVECA designation,” says Andrew Frost, Director, Investment Management Solutions at Lawson
Mid-Atlantic Dental Service Holdings, operating as Mid-Atlantic Dental Partners, has secured commitments for up to USD12.5 million in growth equity led by SC Goldman and Company.
Since the company’s launch in March of 2016, Mid-Atlantic Dental Partners has performed significantly ahead of its business plan, with eight existing offices, and seven new offices in the process of closing. The additional equity will be used to expand their successful model into the South Jersey, Baltimore, and DC suburbs.
“Our unique partnership model, where selling dentists retain a portion of the ownership of the company and build personal wealth over time,
Mishcon de Reya’s Corporate department has advised Sompo Japan Nipponkoa Insurance, a subsidiary of Sompo Holdings, on the sale of its specialist UK insurance subsidiary Sompo Canopius to private equity firm Centerbridge Partners for USD952 million.
The sale is subject to regulatory approval and is expected to close in the first quarter of 2018.
Sompo Holdings is one of Japan’s three largest property and casualty insurers and an increasingly active overseas dealmaker. The disposal of Canopius is part of Sompo’s wider strategic plan, returning cash to provide increased flexibility for its growth ambitions while also creating a secure future for Canopius.
Mourant Ozannes has advised CTBC Bank Co on certain senior loan facilities in connection with the USD800 million acquisition of Tricor Holdings Limited, a provider of integrated corporate services, by Trivium Investment Limited (Trivium).
Trivium is ultimately controlled by global private equity firm, Permira.
Completion of the transaction was subject to the satisfaction of certain regulatory closing conditions, which required Mourant Ozannes to also advise with respect to detailed provisions of the BVI regulatory regime.
Lead Mourant Ozannes Partner, Simon Lawrenson, says: “This was a complex transaction and an excellent example of the strength of our global banking
Orrick has advised Atomico, the venture capital firm founded by Skype co-founder Niklas Zennström, on their investment in the USD90 million Series B financing of Lilium.
Founded in 2015, Lilium is a Bavarian developer of the world’s first fully electric vertical take-off and landing jet.
The financing was led by Tencent and also included LGT and Obvious Ventures. It brings Lilium’s total capital raised to more than USD100 million. Atomico previously invested USD10 million in Lilium’s Series A financing in December 2016.
Lilium will use the financing for the development of the five-seat Lilium Jet that will fly
Private investment firm Littlejohn & Co has agreed to sell Newgistics, a provider of technology-enabled parcel logistics to the e-commerce and direct-to-consumer retail industry, to Pitney Bowes (PBI) for approximately USD475 million.
Since being acquired by Littlejohn in 2013, Newgistics has undergone a period of tremendous growth, including: greater than 50 per cent increases in both revenue and EBITDA; substantial investments in software development, new product launches, automation and overall expansion of the network; developing international capabilities, now the Company’s fastest growing segment of business; successfully implementing management succession plan and making key hires in marketing and fulfilment; and fully
Intralinks, in partnership with Global Fund Media, has conducted a global survey of Limited Partners (LPs) to examine how investors view the General Partners (GPs) they currently allocate to.
The survey provides statistics and trend analysis on a number of themes including how alternative investment remains a key component of investors’ portfolios, the rise of direct investing and co-investment interest, the importance of the level of transparency LPs receive from their fund managers, regulatory pressures facing the market today, and the impact GDPR will have not only on European fund managers, but on any global fund manager with European investors.
Global alternative asset manager The Carlyle Group (NASDAQ:CG) is to acquire French insurance software vendor Prima Solutions, in partnership with its management team.
The transaction is expected to close on 30 September, 2017, subject to approval from the relevant authorities. Carlyle Europe Technology Partners III, a EUR657 million Carlyle fund focused on European technology, media and telecommunications (TMT) companies, will make the investment. Financial terms are not disclosed.
Prima Solutions is a French software vendor that designs, develops and markets software exclusively for insurance providers. Founded in 2000 by Hugues Delannoy, co-founder of the Assurland.com insurance comparison website, Prima
Created in April 2017 as an independent Private Equity firm, Essling Capital has hired the funds of funds team of Amundi Private Equity Funds.
The team, led by Jean-Yves Lagache, includes Nizar Chayeb as Investment Director, and, as Senior Investment Managers, Cédric Cabarrus and Sandra Saad. Thanks to a strong expertise built over ten years, the team will offer investments vehicles and specialised mandates, mainly in Private Equity and Private Debt.
Essling Capital now consists of 17 investment professionals who manage approximately one billion euros and offers, thanks to the Funds of Funds team arrival, another investment solutions alongside
Muzinich & Co has hired Simon Males as Managing Director, Head of Institutional Business, effective this winter.
In this newly-created role, Males will be responsible for the growth and development of the firm’s UK institutional client base and consultant relationships and will report directly to George Muzinich, Chairman and Chief Executive Officer.
“I am delighted to be joining such a well-established and respected corporate credit specialist,” says Males. “Public and private debt will remain integral to institutional client portfolios. Pension funds, insurance companies and other institutional clients will continue to seek out solutions-oriented providers offering fixed income diversification and
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