Latest News
Irish Funds, the representative body for the international cross-border investment funds industry in Ireland, has welcomed the Central Bank of Ireland’s announcement on its intention to amend the requirements for Loan originating Qualifying Investor AIFs (L-QIAIFs), as set out in the AIF Rulebook.
The changes will relax current restrictions and allow L-QIAIFs to make debt and equity investments linked to the loan origination strategy, a policy which reflects market demand and provisions in the ELTIF product.
This change will increase the attractiveness of the Irish L-QIAIF regime to international fund managers, as they will be allowed to make equity
Freshfields Bruckhaus Deringer has appointed Aly El Hamamsy as a partner in the firm’s US corporate practice.
Fluent in English, French, Arabic and Italian, El Hamamsy’s career has been devoted to managing sophisticated cross-border transactional matters.
His experience includes several years with Davis Polk & Wardwell’s M&A group, including two years in its Paris office; serving as vice president and managing director of the National Basketball Association (NBA); and, most recently, serving as a partner with Cadwalader, Wickersham & Taft in New York, where he continued his focus on international corporate matters.
His recent transactions include representing Salix
Omnes Capital is strengthening its international investor relations with the appointment of Miria Späth Werder as a partner.
She will head the international business development activities.
Werder, a German national, brings along extensive private equity experience and broad knowledge of the European investor market. Her mission will be to help Omnes Capital further develop its investor base internationally. She is based in Zurich, Switzerland.
Werder says: “I am excited about my new role which is of strategic importance to Omnes Capital. I am impressed by the professionalism of the team, Omnes’ clear edge in deal sourcing, its strong
Albion Ventures has launched the Albion VCTs Top Up Offers and is seeking to raise up to GBP24 million across its six venture capital trusts.
Investors who apply before 31 January 2017 for the first GBP7.5 million of shares will be entitled to an "early bird" discount.
The latest offers follows the execution of a highly active investment programme by Albion in 2016 in which approximately GBP25 million was invested in around 20 companies across a range of sectors where it has identified the opportunity to create long term value.
Recent companies that have been backed by Albion
VSS, a private investment firm focused on the information, education, healthcare IT and tech-enabled business services sectors, has completed an investment in Coretelligent, a provider of private cloud and IT managed services and support to small and mid-sized businesses.
Founded in 2006 by Kevin J Routhier, Coretelligent is a provider of managed IT and private cloud services.
Coretelligent’s clients include private equity, ventured capital, life sciences, legal services and real estate development firms.
Coretelligent has been named to the Inc. 5000 list of fastest growing companies in the US for five consecutive years.
It provides its services
Cvent, a cloud-based enterprise event management company, has been acquired by private equity firm Vista Equity Partners.
The USD1.65 billion transaction, originally announced on 18 April 2016, was completed on 29 November.
Cvent’s shareholders approved the agreement on 12 July 2016.
Following the transaction, Reggie Aggarwal will remain the chief executive officer and president of Cvent. Cvent will continue to operate as Cvent, Inc.
“We see tremendous value in the cloud-based solutions that Cvent delivers to its customers in this largely untapped meetings and events industry,” says Brian Sheth, co-founder and president of Vista. “We are thrilled
Gide has advised Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) on the acquisition of RBS Asia, a subsidiary of Royal Bank of Scotland, which consists primarily of the Korean Securities franchise.
With the completion of the transaction of this securities franchise in Korea, Crédit Agricole CIB says it is well-positioned to better serve its clients and to capture growing business opportunities, notably regarding debt issuances and fixed income investment products.
Gide’s team was led by Guillaume Rougier-Brierre (partner) and Amine Assouad.
Diversified alternative investment managers (IMs) appear to be taking a cautious approach to the transaction structures of new business originations, as elevated valuation multiples led to a decline in buyouts in 2016, according to Fitch Ratings.
Private-equity backed buyout deals dropped 16.2 per cent in the first three quarters of 2016, according to Preqin, compared to the comparable period a year ago.
But average debt multiples on executed buyout deals have been trending down, amounting to 4.7x in 3Q16, compared with 5.0x a year ago and 5.8x in 2Q14, according to PitchBook data.
Additionally, the median percentage of
Mid-market executives are more confident about future growth and are actively pursuing multi-faceted growth strategies in the coming year, according to Jeff Kilrea, group head and managing director, CIT Sponsor Finance.
“Middle market executives indicated they expect to see a lot of geographic expansion in 2017,” says Kilrea. “Alternatively, we anticipate that we will see these companies look at other ways to deploy capital, i.e. via new technologies and digital strategies, as well as new product line extensions. Businesses are also forecasting greater investments in marketing/advertising and the workforce.”
Results from the annual CIT Voice of the Middle Market
Abacus Group, a provider of hosted cloud IT solutions for alternative investment funds, has added security and communications enhancements to its AbacusFlex Private Cloud platform.
“As our client base of alternative investment firms continues to grow in the US, UK and Europe, Abacus is ensuring that our technology and services meet or exceed the highest standards for security and ease of communications,” says Viktor Tadijanovic (pictured), chief technology officer at Abacus.
Tadijanovic says that in recent months AbacusFlex has been enhanced with enhancements to the existing two-factor authentication solution, providing end-users with the option to receive their token via
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
