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CIC Capital Canada, a member of the French banking group Crédit Mutuel CM11-CIC, has launched a USD500 million North American Growth Fund, with USD150 million dedicated to Canada, mainly for investment in Quebec and Ontario companies.
Established in Montreal since 2010, CIC Capital has managed the Emerillon Capital venture capital fund, a partnership with Desjardins, since 2013. This fund holds equity positions in a dozen promising Quebec and Ontario technology businesses and was an investor in Maluuba, an artificial intelligence company acquired by Microsoft in 2017.
In Canada, the new North American Growth Fund targets mainly CAD5 million
Alternative investment specialist LGT Capital Partners has completed the acquisition of European Capital Fund Management, a London- and Paris-based private debt manager, from Ares Capital.
European Capital’s funds will remain managed by the same team led by Matthew Gordon Clark, Etienne Haubold, Stéphane Legrand and JC Morales Cortes.
The European Capital team now constitutes the new private debt competence centre of LGT Capital Partners.
With all legal and regulatory approvals obtained, LGT Capital Partners’ acquisition of European Capital, announced in March 2017, was completed on 31 May 2017. The European Capital team of more than 28 specialists
Law firm Dechert has appointed Joachim Kayser as a financial services/alternative investment partner in Frankfurt.
Kayser (pictured) was most recently head of alternative investments as well as asset management regulatory with accounting and tax firm PwC Germany.
“We are delighted that Joachim and his team will be joining our German financial services group. The addition of Joachim and his team in Frankfurt will nicely complement our existing German practices in Bonn, Frankfurt and Munich,” says Achim Pütz, managing partner Dechert’s Frankfurt office.
Kayser`s practice focuses on legal and operational advice for investment funds as well as their
Smithfield Foods has completed its acquisition of Pini Group’s packaged meats companies in Poland.
These companies will be operated by Animex Foods, one of the largest food producers in Poland and part of Smithfield Poland, which is owned by Smithfield Foods.
The acquisition includes Pini Polska, a meat processing and packaging plant; Hamburger Pini, a case ready meat plant; and Royal Chicken, an investment project currently in development.
“This acquisition aligns with Smithfield’s strategic growth plans by strengthening our vertically-integrated supply chain in Poland and increasing our production of high-quality packaged meats products. It also capitalises on
NewAlpha has made the sixth investment from its dedicated fintech fund, investing in Austrian start-up in wikifolio.com to accelerate the international development of its online trading platform.
wikifolio.com is a social trading platform aimed at democratising financial investments.
The company offers an online financial platform allowing both investment professionals and private individuals to conduct their investment strategies on virtual portfolios, called wikifolios.
Each portfolio constitutes the basis for an exchange traded financial product (wikifolio certificate) with an individual security number (ISIN) listed on the Stuttgart Stock Exchange (EUWAX). Through these wikifolio certificates, investors automatically “follow” trades in
Private investment firm SK Capital Partners has completed the acquisition of DB Western, Inc – Texas, a technology-driven producer of formaldehyde and derivatives.
The company’s La Porte, Texas, plant is the largest merchant market plant in North America serving a variety of applications including oilfield, refineries and petrochemicals.
The company will be renamed Foremark Performance Chemicals.
Jack Norris, a managing director of SK Capital, says: “Foremark represents a compelling opportunity to own an industry leader with proprietary, best-in-class production capabilities that provides critical building block chemicals to a growing blue-chip customer base with diversified end market exposure.
A new survey of global asset managers and institutional investors, sponsored by Northern Trust, would suggest that alternatives have become mainstream. With this, asset managers are facing demands from investors for an increased level of transparency that more closely aligns with that provided for traditional long-only funds.
The survey was conducted in partnership with The Economist Intelligence Unit (EIU). The aim, says Stuart Lawson, Senior Vice President and Product Manager, Northern Trust, was to ascertain any shift in focus among global asset managers and asset allocators, from a post-financial crisis perspective.
“The EIU surveyed more than 200 executives across a
It’s June, which means hurricane season is upon us, and it’s time to shore up business contingency plans. As we all remember, many firms in New York and New Jersey were impacted by Hurricane Sandy back in 2012, and since then, focus on business resiliency and continuity has increased dramatically. If you’re an emerging manager just embarking on your first BCP plan or it’s time to review and update your existing plan, here are eight tips to keep in mind as hurricane season begins.
1. Determine how/where your employees will work in the event of a weather scenario.
Some firms
Henkel has placed a USD600 million bond in the Eurodollar market.
The bond has a term of three years and matures on 12 June 2020.
The bond pays a coupon of 2.0 per cent. The settlement is expected to take place on 12 June 2017.
The placement of the bond was significantly oversubscribed and attracted wide interest by international investors. The proceeds from the issue will be used to finance the acquisitions Henkel recently announced.
This year, Henkel signed agreements to acquire the global Darex Packaging Technologies business from GCP Applied Technologies, Mexican hair care company
Eurazeo has launched Eurazeo Brands, a new division to invest in US and European consumer brands with global growth potential.
Jill Granoff, an executive with over 25 years’ experience building brands in the fashion, beauty and retail industries, joins the firm as CEO of Eurazeo Brands effective immediately.
She will lead the division’s investment activities and help drive growth and transformation of selected companies, leveraging her extensive operating experience and professional network. She will report directly to Eurazeo’s executive board.
“The creation of Eurazeo Brands is a major step forward in our consumer brand investment strategy set in motion
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