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For newly emerging investment firms or long-standing established ones, the choice to adopt a cloud-based architecture is becoming an easy one. Few firms have a business model where an in-house Comm. Room makes strategic or economic sense. And even for those who have the means to do so, managing and maintaining all levels of IT on-premise may not always make the most business sense.
Whether it’s the entirety of your technology environment or a few select applications, most firms find that it’s worth considering a cloud platform to leverage a predictable, scalable and feature-rich infrastructure. But when is the right
HarbourVest Partners, a global private markets asset manager, has held the final closes of its first mezzanine-focused co-investment fund at USD375 million and its third real assets fund at USD366 million.
“Specialised programmes such as our mezzanine and real assets funds demonstrate our continued emphasis on offering solutions that help our clients invest in niche strategies and markets that are difficult to access,” says John Toomey, managing director, HarbourVest.
“HarbourVest’s growth in real assets and expansion into private credit further broadens the reach of our solutions and our ability to meet and anticipate client needs. We are particularly proud
JLT Specialty, the insurance broker and risk consultant, saw a 60 per cent increase in the number of insured deals during 2016 compared to 2015 globally.
This type of mergers and acquisitions (M&A) insurance, also known as warranty and indemnity (W&I) insurance – of which the real estate and private equity sector remain the key beneficiaries of – is designed to pay out if a buyer discovers the business bought is not what the seller advised it would be.
In its annual M&A Insurance Index report, JLT found that the average limit of insurance (as a percentage of the
Saffery Champness has promoted four staff members to partner.
Stephen Bristow joined the firm from RSM Tenon in 2012 as the head of business development for Saffery Champness’ film & television unit.
Specialising in providing strategic policy advice to global media companies and their leaders, Bristow has been involved in the policy development of independent British film and television for 15 years, including helping drive the successful lobby to secure High-End TV Tax Relief. Bristow was given a Production Guild Award for his outstanding contribution to the development and sustainability of the UK film and TV industry in 2014.
Fresenius Medical Care, a provider of dialysis products and services, has acquired a 70 per cent equity interest in Kunming Wuhua Health Hospital (Wuhua Hospital) in China, specialised in chronic-disease management and haemodialysis (HD).
The acquisition was officially completed on 31 March 2017. This marks Fresenius Medical Care's first joint venture (JV) hospital in China, with the aim of providing high-standard renal-care services and chronic-disease management to local community.
There are 900,000 people living in Wuhua district and 9.8 million residents in Kunming City. Wuhua Hospital is a private Grade II hospital located in Wuhua district in the center of
Mid-market private equity investor LDC has strengthened its Manchester team with two senior hires as part of its commitment to invest GBP1.2 billion of equity in Britain’s small and medium sized companies over the next three years.
Guy Bagshaw and John Clarke both join LDC as investment directors.
Bagshaw joins from Rothschild, where he led the firm’s regional debt advisory practice and was responsible for originating and delivering all debt advisory mandates across the North. He has more than 13 years’ corporate finance experience and has completed deals with leading North West businesses such as EuroGarages and Holidaybreak.
Intertrust has four new client-facing directors following a recent set of promotions within the firm.
Roger Bolan, Alex Di Santo, Shane Hugill and Stephen Langan have all been promoted to directors across Intertrust’s private wealth, funds, capital markets and performance & reward management service lines.
As a Chartered Secretary with 22 years’ experience in the private client industry, Bolan has been promoted to a director within the Jersey private wealth team. He acts as a professional trustee and director on a wide range of structures for a large portfolio of ultra-high net worth clients across Europe, the Middle East
LMS Capital has sold its majority stake in UK IT services business 365IT to CORETX Holdings, a mid-market network, cloud and IT managed services provider.
Under the terms of the acquisition the enterprise value of 365IT was agreed at GBP5.4 million, which after adjusting for net debt of GBP800,000 results in an equity value of GBP4.6 million, to be settled through a combination of cash and shares.
LMS' share of the equity value is GBP4.1 million. LMS has received gross cash proceeds of GBP1.1 million plus 9,826,400 shares in CORETX having a value of GBP3 million based on a
Street Contxt, a fintech company that helps brokerages, independent research providers and asset managers distribute, manage, unbundle and value research, has secured an investment by a funding consortium led by existing investor Joe Lonsdale of 8VC and including Point72 Ventures.
The round also includes substantial contributions from Palm Drive Capital, a New York-based VC firm that helps build strategic relationships in the Greater China Region; Portag3 Ventures, a member of the Power Financial Corporation group of companies; and other unnamed funds and industry veterans, which brings total funding raised to date to USD15 million.
Additional institutional participants in
Cairngorm Capital Partners has closed its second fund – Cairngorm Capital II – at its GBP107.5 million hard cap.
The fund, which was oversubscribed, is now fully operational.
Cairngorm Capital has been backed by a consortium of long-term, international institutional investors, consisting of several prestigious European funds of funds and US university endowments.
Each of the institutional investors in its first fund increased their commitment to Fund II. In line with Cairngorm Capital’s investment philosophy, a significant investment was made by the firm’s principals.
The launch of the second fund continues Cairngorm Capital’s expansion of its business.
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