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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
CVC Capital Partners has held the closing of CVC Capital Partners VII (Fund VII), its latest flagship fund for private equity investments in Europe and North America, at its hard cap of EUR15.5 billion.
Together with the commitments of CVC and its employees, Fund VII will have over EUR16 billion of equity capital available to invest.
Steve Koltes, co-chairman of CVC, says: “We are honoured to have received such strong support from our investors across the world. We value greatly their continued trust in our ability to invest their capital well.”
In addition to this flagship fund
The Russian Direct Investment Fund (RDIF) is to acquire a minority stake in Russian gold producer PJSC Polyus.
The purchase will be carried out alongside an investment by Chinese investment company Fosun Group, which is acquiring of 10 per cent stake in the company.
The price per share payable by RDIF at completion is equal to price per share for Fosun transaction.
Following completion of the RDIF transaction, RDIF will own 354,095 of the ordinary shares in Polyus. The completion of the RDIF transaction is subject to certain conditions, including the completion of the Fosun transaction.
1776 Ventures has doubled-down its investment in MPOWER Financing with an additional USD500,000 investment ahead of the company’s planned Series B financing round this summer.
1776 Ventures is an investment fund focused on seed-stage investments seeking to transform complex industries.
In addition to being seed and Series A round investors, their partners have also served as a mentor and close adviser to MPOWER Financing.
MPOWER Financing is a public benefit corporation whose mission is to remove the financial barriers to higher education in the US by providing the financial resources necessary for students to attend schools and
Mourant Ozannes has advised on three of the most significant private equity transactions in Europe during the first quarter of 2017, according to the league tables published by global deal research agency Pitchbook.
Pitchbook’s latest report, entitled 1Q 2017 European PE Breakdown, includes the largest PE exit and the largest PE fund closing.
Mourant Ozannes lawyers led on the offshore aspects of three of the top deals, including the sale of Delta Topco Limited’s Formula One business to Liberty Media Group ranked first among “Select Largest European PE-Backed Exits,” and two top-ranked fund closings highlighted in “Select Largest
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