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Edge Investments, an investment house focused on the creative industries sector, has strengthened its team with the appointment of two investment professionals.
Steve Carle joins the firm as investment director and Joanna (Jo) Smith as investment manager.
Carle is an experienced private equity and venture capital specialist. He enjoyed a 20-year career with the UK's two leading mid-market private equity companies – 3i Group and LDC, the private equity arm of Lloyds Banking Group – leaving in 2010 to take on a number of private successful business opportunities, before joining Edge.
Smith has spent her career in finance
Former Guernsey Bailiff Sir Geoffrey Rowland QC has become a director of Bailiwick Investments.
Rowland has joined chairman David Lowe OBE and John Henwood MBE on the board of the Channel Islands-based closed-ended investment company.
He replaces Charles Parkinson who stepped down on 30 September due to a potential conflict of interests after being appointed as president of the States’ Trading Supervisory Board.
“Since Charles joined the board of Bailiwick Investments in 2011, the fund has had some very interesting times with considerable investment in a number of high profile Channel Islands businesses including Jacksons Group, SandpiperCI, ASG,
Bowmans Kenya has advised ARM Cement on a USD140 million equity investment by the CDC Group, the largest equity deal in Kenya and East Africa in 2016, and one of the largest equity deals in Kenya to date.
ARM is a company listed in the Nairobi Securities Exchange, and has operations in Kenya, Tanzania and Rwanda.
The CDC is the UK’s Development Finance Institution, wholly owned by the UK government. ARM produces cement, lime and fertilizer in Kenya, Tanzania and Rwanda.
Bowmans Kenya advised ARM on all the legal aspects of the transaction and the CDC was represented by
BakerHostetler has appointed Michael D Mortenson as a partner in the firm’s litigation group.
He comes to BakerHostetler from K&L Gates.
Mortenson focuses his practice on complex commercial litigation. His experience includes representing public and private companies and individuals as both plaintiff and defendant through disputes involving the Racketeer Influenced and Corrupt Organizations Act (RICO), breach of contract, fraud and breach of fiduciary duty, misappropriation of trade secrets, employment discrimination, wrongful termination and commercial real estate matters.
Mortenson’s trial and arbitration experience in federal and state courts includes appeals to the California Courts of Appeal and the United
Marcum has expanded its hedge fund servicing operations in Europe with the launch of Marcum RBK (Ireland) in Dublin – a joint venture with Russell Brennan Keane (RBK), an independent accounting and business advisory firm in Ireland.
The new venture was established as a service centre for current and future hedge fund and private equity fund clients of the Marcum Alternative Investment Group.
Beth M Wiener (pictured), partner-in-charge of Marcum’s Alternative Investment Group, says: “Marcum RBK (Ireland) is perfectly positioned to assist both mature funds and managers needing to navigate the process of establishing a new fund in Ireland,
The Ufenau V German Asset Light fund, advised by Ufenau Capital Partners, has held its final closing at the fund’s hard cap of EUR227 million.
In addition to commitments from returning investors, which included entrepreneurs that form part of Ufenau’s Industry Partner network, Ufenau V received new commitments from a number of global blue chip investors.
Ufenau V was significantly oversubscribed.
Ufenau V will pursue the same investment strategy as its predecessor funds, with a focus on applying a systematic buy-and-build strategy to majority investments in asset light service companies in Germany, Switzerland and Austria; entrepreneur-led companies with
Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of ProPharma Group by private equity sponsor Linden Capital Partners.
Founded in 2001 and based in Overland Park, Kansas, ProPharma is a provider of outsourced medical information, pharmacovigilance, and regulatory compliance consulting services to customers in the pharmaceutical, biotechnology, and medical device industries.
The company has grown to a global organisation operating five contact centres across the US, Europe and Australia.
ProPharma serves a customer base which includes many of the world’s largest and well-known
Livingstone has advised Info-Assure, a provider of cyber-security and information assurance services, on its sale to BSI.
Headquartered in Farnborough, UK, Info-Assure provides information assurance, security testing and incident response services to clients in the government, defence, policing, banking, retail and energy sectors. It is one of only eleven companies worldwide accredited by CESG, the information security arm of GCHQ.
Livingstone has worked closely with Martin Walsham and the team at Info-Assure for over two years as they rapidly grew the business into one of the UK’s foremost assurance, testing and response providers including introducing consultant finance director Richard
Seacoast Capital has held the closing of Seacoast Capital Partners IV with total commitments of USD239 million.
Limited partners include banks, private pension funds, private foundations, insurance companies, family offices and high net worth individuals.
Along with significant support from private limited partners, Seacoast received approval from the US Small Business Administration (SBA) for its fourth Small Business Investment Company (SBIC) license.
Over 85 per cent of investors from the firm’s 2012 vintage USD150 million fund, Seacoast Capital Partners III, returned to invest in Seacoast IV.
Consistent with the investment strategy of its predecessor funds, Seacoast IV
Abacus Group, a provider of hosted cloud IT solutions for alternative asset funds, has reported year-on-year growth of over 30 per cent up to the end of the third quarter of 2016.
The company’s employee count also exceeded 100 as it expanded its footprint in the Boston, Los Angeles and San Francisco markets.
“Year-over-year, Abacus has added 40 new clients, including firms in the United Kingdom and Sweden,” says CEO Chris Grandi (pictured), who founded Abacus in 2008. “We have also tripled our data centre capacity to meet the increasing demand for our services.”
Grandi adds that Abacus’s
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