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Independent Growth Finance (IGF), a commercial finance provider for SMEs, has appointed two regional sales directors covering Yorkshire and the Midlands.
Danielle Hodgson joins as regional sales director for the firm’s invoice finance division, covering Yorkshire & the Humber. As the main contact for IGF’s clients in the region, she is responsible for developing relationships with existing and potential SME clients.
Hodgson joins the firm from Aldermore Bank, where she was a regional sales manager specialising in construction and trade financing.
Hodgson says: “Each of the management team at IGF has a fantastic career behind them and have
Trident Trust, an independent provider of corporate, trust and fund services to the financial services sector worldwide, has implemented Linedata’s transfer agency and reporting solution Mshare.
Trident Trust is using Linedata Mshare and Linedata Reporting initially in Guernsey, Malta and Luxembourg as part of an ongoing programme to further enhance its fund administration offering.
With over 400 funds under its administration worldwide, these solutions are enhancing Trident Trust’s ability to operate across multiple jurisdictions and a range of diverse asset classes. The platform provides hedge fund, private equity and partnership accounting capabilities, together with an intuitive profit and loss
Private equity fund manager YFM Equity Partners has closed its first buy-out fund, YFMEP 2016, at GBP45 million, 50 per cent above its initial target.
Launched last year, the fund is targeted at the gap left by venture capital trusts; focussing on buy-out and growth investments in the UK requiring equity of up to GBP10 million.
All YFMEP 2016’s investors are UK based, drawn from institutions, families and individuals with the average investment around GBP2.5 million.
With only a few funds targeted at this market, YFM is looking to invest the monies within two years; with a strong
Pemberton, a diversified asset manager backed by Legal & General Group, has expanded its origination team with the appointment of Eric Capp as a partner.
Capp joins to focus on increasing and diversifying Pemberton’s relationships with London-based banks and private equity firms. He will originate lending opportunities across all of Pemberton’s strategies.
Capp brings more than 25 years of experience in credit risk management, originating and structuring high yield bonds and loans. Prior to joining Pemberton, Capp was global head of debt syndicate, leverage finance and high yield markets at RBS.
During his career, Capp ran JP Morgan’s high
Shore Capital Partners’ product platform IZI Medical Products has acquired the vertebroplasty family of products from Cook Medical.
The acquired products are commercially marketed under the Duro-Ject Osteo-Site, Osteo-Force and Vertefix brands, consisting of needles, injectors and cements.
These products are used in the growing market for treating vertebral compression fractures through a minimally invasive procedure.
“Cook has done an excellent job establishing these products as reliable, high-quality solutions for treating vertebral compression fractures and we have enjoyed working with them on this transaction,” says Greg Groenke, chief executive officer, IZI Medical. “We are excited to increase the
Neology is to acquire the tolling and automated license/number plate recognition business of 3M’s traffic safety and security division.
Neology is a subsidiary of SMARTRAC, a portfolio company managed by One Equity Partners (OEP), a middle-market private equity firm.
The transaction is expected to close by the third quarter of 2017, subject to customary closing conditions, regulatory approvals and consultation or information requirements with relevant works councils. Terms of the private transaction were not disclosed.
The business’s tolling solutions include high-quality RFID readers and tags, automatic vehicle classification systems, lane controller and host software, and back office software
Regan Capital, a fixed income trading and registered investment firm, has selected and implemented Fund Studio as its portfolio management system.
Fund Studio, the flagship product of Objecutive, is a SaaS application that provides middle and back office functionality to the buy side community.
Regan Capital was founded by Skyler Weinand in August 2011 with USD2 million in capital, and has grown to close to USD400 million in assets under management. About 90 per cent of Regan Capital’s portfolio is invested in residential mortgages, both agencies and non-agencies, and the rest of the portfolio is in municipals, CMBS, equities
Fintech and payment solutions provider Tuxedo Money Solutions has been acquired by Erik Fällström and Andreas H Tuczka, of Aldridge EDC Specialty Finance Partners (AEDC).
Fällström, former co-founder of HOIST Finance, and Tuczka, former partner at Lone Star Europe, will support Tuxedo CEO John Sharman in delivering the company’s growth plans across Europe and beyond.
With extensive experience within financial services, the new investors will help to drive Tuxedo’s diversification and growth on four fronts: customised, white label card and payment programmes; PayTech platform solutions, centred around Tuxedo’s new Liveload technology; alternative banking services; and expansion into the consumer credit
Morrison & Foerster has appointed Rob Mailer as a partner in the firm’s corporate group in London.
Mailer, who focuses on fund formation and fund management, represents both fund sponsors and investors across a broad range of strategies, including growth, venture capital, infrastructure, buy-out and debt funds.
He regularly acts on carried interest schemes, structuring co-investments, spin outs and the establishment of new fund managers.
Mailer’s practice spans a wide range of sectors, including finance, technology, emerging markets and infrastructure. He has a particular interest in high-growth and scale-up businesses.
Paul Friedman, Morrison & Foerster’s managing partner
Kreditech has closed a EUR110 million investment from global online payment service provider PayU.
The investment is the largest ever equity investment in a German fintech company and builds on a 12-month pilot programme in Poland.
As part of the deal, Kreditech and PayU agreed a global partnership to deliver a joint proposition for point of sale finance. The agreement combines PayU’s international footprint with Kreditech’s technology to bring credit services to underbanked markets around the world.
Kreditech will expand its Lending as a Service (LaaS) offering and deliver its unique AI and machine-learning credit underwriting and loan
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