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Mid Europa Partners, a private equity investor focused on Central and South Eastern Europe, has appointed Alain Beyens as an Operating Partner.
Beyens’ experience and skills will enable him to play a key role in supporting Mid Europa’s portfolio companies to build strong and differentiated competitive positions though operating excellence and successful execution of buy-and-build approach. Alain’s primary objectives will be to support accelerated value creation in existing portfolio companies, assist in commercial evaluation of new investment opportunities, and lead the on-boarding of new portfolio companies.
Commenting on the appointment, Robert Knorr, Co-Managing Partner of Mid Europa, says: “We
Venture capital investor Octopus Ventures has appointed Stephen Morana as a Venture Partner.
Morana brings with him 20 years’ experience working with some of the most successful UK digital businesses such as Betfair, Zoopla and boohoo.com.
In his role as Venture Partner, Morana will be supporting Octopus Ventures’ portfolio businesses in their growth strategies. Having been integral in three British businesses achieving unicorn status, and driving two to IPO, the high-growth companies will benefit from Morana’s first-hand experience in scaling up an organisation. Morana will be working with a variety of Octopus’ portfolio businesses to advise them on growth
The Russian Direct Investment Fund (RDIF) and China Development Bank (CDB) are to set up the China-Russia RMB Investment Cooperation Fund.
A Memorandum of Understanding has been signed by the executives of the RDIF and CDB during the Russia-China negotiations in Moscow. It was attended by Vladimir Putin, the leader of the Russian Federation, and Xi Jinping, the leader of the People’s Republic of China.
China-Russia RMB Investment Cooperation Fund is expected to facilitate the establishment of a simplified framework for direct investments with settlements in national currencies. The investments will be total RMB 68bn (USD10bn equivalent). The investment
Theva, a German manufacturer of superconductors, has raised additional capital totalling EUR7 million in its third funding round which saw the corporate venture capital arm of utility EnBW join existing investors eCAPITAL, Bayern Kapital, Target Partners and BayBG Bayerische Beteiligungsgesellschaft.
“We are the first company in Germany to mass produce superconductors. And we also want to be number one in market penetration. Thanks to our investors we continue to have a reliable financial basis for this,” says Theva CEO Dr. Werner Prusseit. The previous financing round was just a year ago. Since then Theva has continuously improved its processes, and
Lorne Park Capital Partners has signed a letter of intent (LOI) to purchase all of the outstanding securities of Crestridge Asset Management (Crestridge), an independent portfolio manager based in Toronto.
Crestridge provides discretionary investment management and wealth management services for individuals, trusts and foundations with clients across Canada. As of 31 May, 2017, Crestridge had approximately CAD120 million in assets under management.
“We are confident that we have found a new partner in Crestridge that shares similar perspectives on investment management and a commitment to delivering tailored investment solutions to affluent families,” says Robert Sewell, (pictured), Chief Executive Officer
The final regulations of MiFID II announced today are likely to lose brokers business, analysts their jobs and also hit fund managers’ profits says Cleveland & Co Associates, the boutique legal advisory business.
Among the new regulations of MiFID II, which are due to come into effect in January 2018, is a requirement for investment banks to be more transparent about their costs. Banks and investment managers will be forced to disclose specific fees to their clients – such as fund and asset managers – for research. As it stands, banks include research costs into trading commissions that are charged
Ogier has promoted two senior investment funds specialists in its Cayman team in recognition of their experience and technical skill.
Ben Gillooly (pictured), has been promoted to Counsel, while Justin Savage has become a Managing Associate.
Gillooly Ben works with major financial institutions, hedge fund managers and their onshore counsel with a particular focus on Latin American financial markets. He is Caymanian and has been qualified in the jurisdiction for more than ten years. Gillooly also has experience working in Hong Kong.
Ogier introduced the new Counsel role to the firm’s structure at the start of the year.
Seedcoin, a subsidiary of Coinsilium Group, an accelerator that finances and manages the development of early-stage blockchain technology companies, is to sell its entire holding of 2,133 shares in investee company SatoshiPay Ltd at the price of EUR340 per share for a total consideration in cash of EUR725,220 to Blue Star Capital Plc.
The deal represents an increase of 362.6 per cent on the price paid for the shares in 2015.
The disposal is conditional on Blue Star raising approximately GBP650,000 through a proposed placing, which will be used together with Blue Star’s existing cash resources to satisfy the
IGF, a commercial finance provider for SMEs, has delivered a GBP1 million asset based lending facility to newly formed Ayrshire business, Confida FM.
Confida FM began in May 2017 after the purchase of an existing business, Sercon Support Services. With continued support from IGF throughout the MBO process, Confida’s management team was able to re-structure the company and make a fresh start, in addition to having working capital to fund the new venture.
IGF’s facility not only allows Confida to realise its ambitious plans to grow the business across Scotland and the rest of the UK, but also helps
KGAL has held the first closing of its core plus European renewable fund ESPF 4. With EUR255 million of committed equity, the Luxembourg-based SICAV-SIF vehicle is in line with its fundraising schedule, having attracted large commitments from four major European institutional clients.
KGAL ESPF 4 fund was launched a year ago as a successor fund for ESPF 3. The core plus investment strategy focuses on the entire spectrum of the value chain in the fields of wind, photovoltaics and hydropower – with a focus on greenfield investments – across Europe. Capital deployment will focus on opportunities in wind repowering, hydro
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