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Linedata, a software solution provider to the investment management and credit industries, has released the latest version of Linedata Icon, the firm’s flagship fund accounting solution.
Linedata says the latest release is part of the continuing programme of functional and technological evolution and builds on the broad and deep functionality offered by Linedata Icon and follows on from recent releases which have introduced new functionality with enhanced instrument coverage and regulatory compliance.
An extension to corporate actions processing allows clients to see both an Accounting Book of Records (ABOR) and an Investment Book of Records (IBOR) and to provide
Orrick is advising Tokyo-based Lintec Corporation in its USD375 million purchase of Ohio-based MACtac Americas from global investment firm Platinum Equity.
Lintec is a manufacturer of adhesive-related products with operations in 15 countries around the world.
MACtac is a manufacturer and distributor of pressure sensitive labels with operations in the US, Canada and Mexico.
The acquisition will complement Lintec’s international footprint.
The Orrick team advising Lintec is led by M&A and private equity partner Hiroshi Sarumida and includes assistance from Tal Hacohen, David Ruff, Brad Breen, Bob Lawrence, Jim McQuade, John Narducci, Mitch Pahl and Gabriel Salinas.
Capitalflow Commercial Finance has announced GBP40 million in finance facilities to support the transport and distribution sector in Northern Ireland as it continues to face mounting economic challenges.
The company, which has already advanced GBP45 million in facilities to a wide range of SMEs, has decided to focus a tranche of its funding to the transport industry.
Regional sales director for Northern Ireland, Marc Hawthorne, says: “We think we can make a big difference to the way local transport and distribution firms are funded and we urge them to consider accessing the GBP40 million fund while it’s available.
Alternative investment specialist Investcorp has agreed to acquire the debt management business of 3i (3iDM) from UK-based 3i Group for GBP222 million (approximately USD271 million).
The deal will see Investcorp’s assets under management (AUM) increase by USD12 billion to approximately USD23 billion.
Investcorp says the acquisition will add to the firm’s existing product offerings across private equity, real estate, and alternative investment solutions (formerly hedge funds).
The transaction is subject to various regulatory approvals and is expected to close in the first half of 2017.
3iDM is a global credit investment company managing funds which invest
Canada's first peer-to-peer lender Lending Loop has opened its doors after completing its registration with the Ontario Securities Commission (OSC) and other securities regulators.
The company has launched its platform to investors and small businesses across the country.
Lending Loop is a peer-to-peer platform that connects small businesses seeking financing with Canadian investors. The platform offers businesses a quick and easy application process and affordable interest rates.
With the support of Canadian investors, Lending Loop is providing small businesses the ability to access the capital they need to grow. At the same time, Lending Loop allows investors to
Business adviser Richard Malczyk has joined business funding solutions provider Pegasus Funding Resources as a consultant.
Malczyk started his career in R&D before moving into product management and international marketing for News Digital Systems, part of News Corp.
At News Corp he managed the introduction of new technology to manufacturers, semiconductor vendors and large media ventures that enabled the worldwide launch of Digital TV.
Malczyk gained experience of sourcing business funding when he became managing director of a high-tech software start-up. He developed the business from scratch, raising grants and venture finance along the way.
Over the
ING Real Estate Finance has appointed Julián Bravo as head of real estate finance Spain and Portugal.
Bravo has 15 years of real estate finance experience and joined ING in November 2013.
Prior to that he held positions at HSBC, RBS, PwC and pbb.
Bravo succeeds Wouter Mijnen who led the office since May 2013 and who will further advance his international career in Australia as head of the Australian ING Real Estate Finance team.
Bravo has an extensive client network and deep knowledge and understanding of the local real estate market. He has been able to
One of the clear benefits to the increased proliferation of platforms, which offer infrastructure-as-a-solution, is that it is helping start-up and emerging fund managers compete on a level playing field with larger entities.
In some ways this gives them a competitive advantage given that established institutions find it hard to pivot away from their existing infrastructure and embrace the multitude of disruptive technologies. Known as the Innovator’s Dilemma, the fear is that if they change tack they might end up failing or not realise the benefits for years hence but if they don’t embrace change, they might get left behind,
Legal & General Investment Management Real Assets (LGIM Real Assets) has completed a new loan to the Arora Group, for GBP175 million over 15 years, refinancing existing debt for Arora in the current low interest rate environment.
LGIM Real Assets arranged the transaction for a third party client alongside its annuity fund and the deal is the second financing between Arora Group and LGIM Real Assets.
Steve Boyle (pictured), lending manager at LGIM Real Assets, says: “The fundamentals of this loan are very strong. It is secured against a high quality asset within the Arora Group portfolio. We continue
Warren Equity Partners, a middle market private equity firm, has acquired a majority interest in IPC Lydon, an industrial services business specialising in maintenance, repair and upgrade services to the material handling, power generation, wastewater treatment and general industrial markets.
IPCL, based in Avon, Massachusetts, was previously a wholly owned subsidiary of Jay Cashman. Jay Cashman, chairman and owner of Cashman, will retain a significant equity interest in the company. Terms of the transaction have not been disclosed.
John Burke, president of IPCL, says: “IPCL has one of the most experienced management teams in the specialty services and mission
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