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The International Stock Exchange (TISE) has launched its presence in the Isle of Man.
More than 120 members of the local business community attended an event at Noa Bakehouse on 9 March.
Jon Moulton (pictured), chairman of The International Stock Exchange Group (TISEG), says: “The event was a big success. It was very well supported and there was a great deal of interest in the opportunities that the Exchange offers the Isle of Man.”
Moulton adds: “There are Isle of Man trading companies across a diverse range of industries who may need to access capital to support their
Cyber London (CyLon), the dedicated cyber security accelerator, has announced the eight security start-ups participating in its fifth programme. CyLon has already accelerated 31 companies since its launch in April 2015.
CyLon writes that its cyber security accelerator consists of a three-month programme where entrepreneurial teams with innovative and disruptive business ideas are provided with access to expert training and guidance from an accomplished network of mentors and investors to bring their product to market.
At the end of this programme, the companies will present their businesses to prospective customers, investors and partners at an Investor and Customer focused Demo
Pacific Fund Systems (PFS), a provider of fully integrated fund administration software via its PFS-PAXUS application, has appointed Didier Lucotte as cloud services manager in the firm’s European operations team.
Lucotte, who will based in the group’s Isle of Man office, is an experienced cloud project manager having previously served in this role with a UK listed telecoms company.
His role will encompass bringing the PFS-CLOUD initiative online and subsequently managing new and existing client migration onto the PFS-CLOUD.
As part of the new service PFS will offer its core software products, PFS- PAXUS and PFS-CONNECT via a
Funds advised by Inflexion have completed a minority investment in K2 Partnering Solutions.
A global resourcing specialist, K2 provides outsourced IT consultants to multinational corporations including technology firms in Silicon Valley.
K2 was founded almost 20 years ago by James McHugh. The business’s consultants implement and upgrade SAP and Salesforce software, as well as other emerging technologies such as cyber security, big data and advanced analytics. K2 uses its proprietary database of over 600,000 enterprise software consultants to support client projects across four continents.
Inflexion’s partnership capital solution was attractive to the founder shareholder and his management team
Shore Capital Partners has formed EyeSouth Partners and completed a strategic partnership with Georgia Eye Partners.
Founded in 1999 by Dr Eugene Gabianelli, Georgia Eye is an eye care practice with four locations in the Atlanta, Georgia area. The company offers medical and surgical specialty eye care services, including treatment for cataracts, corneal disease, refractive surgery, glaucoma, and oculoplastics through OPAL Aesthetics.
Shore Capital has partnered with Georgia Eye’s three partner physicians, Dr Eugene Gabianelli, Dr Andrew Feinberg and Dr Parul Khator, who have established a reputation for high quality medical and surgical specialty eye care and lead a
Growth private equity firm TA Associates has completed an investment in Ideal Cures Private Limited, a supplier of ready-to-use coating products and excipients for tablets and capsules to the pharmaceutical and allied industries.
Financial terms of the transaction have not been disclosed.
Founded in 1999 in India, Ideal Cures’ products are used to provide aesthetic coatings as well as functional coatings for tablets and capsules. Aesthetic sugar or film coatings allow for swallowability and taste masking. They also aid brand recognition, authentication and differentiation. Functional coatings serve a number of purposes ranging from moisture, oxygen and light protection of
BlackRock Real Assets, on behalf of clients, has closed a long-term debt financing for Ellevio, the regulated Swedish electricity distribution system operator.
BlackRock says the transaction brings a number of benefits for its institutional clients, including stable, long-term cash flows underpinned by an investment-grade rated issuer in Ellevio, who benefit from fully regulated electricity distribution operations in Sweden.
The transaction also capitalises on BlackRock’s clients’ ability to provide natural, long-term Swedish krona funding.
Jonathan Stevens, head of European infrastructure debt at BlackRock, says: “We are delighted to have closed this debt financing for Ellevio. It is attractive to
Rush, the hair and beauty brand that was backed by private equity firm LDC earlier this year, has appointed former Costa Coffee managing director Christopher Rogers as its non-executive chairman, with immediate effect.
Rogers has over 11 years of experience as a main board director of Whitbread, the UK’s largest hospitality company, where he held roles as group finance director and managing director of Costa Coffee, one of the world’s leading coffee chains. He led Costa Coffee’s global expansion, during which time profits increased from GBP69 million to GBP153 million, and global store numbers increased from 2,200 to over 3,200.
Ipes, a provider of outsourced services to private equity in Europe, has appointed Sumindra Bains-Cleary and David Bateman.
Bains-Cleary joins Ipes as head of commercial finance based in London while Bateman joins Ipes as a manager in Guernsey.
Bains-Cleary is an experienced finance manager whose most recent role was for Xchanging, where she spent five years, latterly as corporate development and corporate strategy manager. Prior to that, she spent five years in KPMG’s corporate finance department, specialising in cross-border acquisitions and disposals.
Reporting to the CFO, Bains-Cleary will be responsible for providing management information and business intelligence across the
London-based Feedstock is operating a research platform that offers buy-side fund managers a one-stop-shop to managing their research activities under MiFID II.
Feedstock acts as a productivity tool by integrating with a buy-side firm’s email system. By filtering through the hundreds of research reports that are sent on a daily basis, the system prioritises only the most relevant research.
As everything is powered by machine learning behavioural algorithms, it means that over time, the more research a fund manager consumes, the more detailed a picture of their research preferences begins to emerge.
“Under MiFID II, firms will need
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