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Circle Partners (Circle) is an independent fund administrator with offices across the EU, the Americas and Hong Kong. Circle has the ability to set up sub-funds on its Luxembourg SICAV and guide start-up managers through the whole process of bringing a new fund to market in all major fund jurisdictions.
By extension, Circle has a large network of local counterparties based in Malta and as Peter Jakubicka (pictured), Business Development Manager at Circle explains: "We can offer a `one-stop shop' solution from the set-up phase through to launch including brokers, custodians, auditors; basically all of the functions that are required
Whether it’s providing AIFM management company solutions, depositary lite solutions, or simply providing start-up managers with a high-touch level of service, Malta’s service provider community continues to evolve with the times.
The attractions of Malta's Notified AIF regime have been well documented in this report and whilst it presents a unique opportunity for authorised AIFMs, the regime will not necessarily be applicable to start-up and emerging managers.
These are very much the lifeblood of Malta. Catering to this market segment has helped to differentiate the island from other, more established fund jurisdictions. So whilst the NAIF regime is an important
Dr Louis de Gabriele, head of Camilleri Preziosi Advocates’s Corporate and Finance practice group, outlines the benefits of Malta’s Notified AIF (NAIF) regime…
"In my view, the main benefits are twofold," says Dr Louis de Gabriele, head of the Corporate and Finance practice group at Camilleri Preziosi Advocates, when discussing the newly introduced Notified AIF (NAIF) regime.
"Firstly, the NAIF regime will significantly condense time to market for these types of funds. Indeed, the MFSA has committed itself to list funds on the `Notified AIF List' within ten business days from the submission of a complete notification pack, which will
Apex Fund Services has been operating in Malta since 2008 and has seen, first hand, how quickly the island has evolved into one of Europe's leading onshore fund jurisdictions.
Following the chaos of the financial crash, start-up managers chose Malta because it represented a cost effective option. This worked to Apex's advantage but as Paulianne Nwoko, Managing Director of Apex Fund Services (Malta), points out: "Over the years, Malta has evolved into an established financial jurisdiction with a deep pool of professionals spanning all aspects of the funds industry; law firms, audit firms, fund administrators, and, to a lesser extent,
Professor Joseph Bannister (pictured) of the Malta Financial Services Authority explains how the island is positioning itself as a leading European securitisation market…
How do you assess the opportunity to build out Malta as one of Europe’s leading securitisation markets, given that outside of Luxembourg you are the only EU jurisdiction to have securitisation legislation in place?
Malta provides a legal framework for securitisation vehicles, primarily through the Securitisation Act which has been in place since 2006, and more recently, the Securitisation Cell Companies Regulations, introduced in 2014.
This legal framework has enabled Malta to develop into a jurisdiction of
With the recent introduction of the Notified AIF regime, Malta is positioning itself to provide fund promoters with an unregulated fund where speed to market is of the essence.
Over the years, Malta has become a jurisdiction of choice for providers of financial services particularly the funds sector with over 600 investment funds, 86 fund managers, of which 40 AIFMs, and 26 fund administrators.
As one of the earliest adopters of the AIFM Directive in 2013, Malta has sought to provide a compelling route to market for smaller and emerging hedge fund managers and it appears to be going from
iOmx Therapeutics has closed a Series A financing round totalling EUR40 million, co-led by MPM Capital and Sofinnova Partners.
Wellington Partners and Merck Ventures also invested.
iOmx focuses on the development of cancer therapeutics addressing next-generation immune checkpoints. By systematically screening human tumour cells, the company has already identified a number of new targets and analysed their mode of action.
The proceeds of the financing round will be used to advance several proprietary product candidates up to initial clinical proof-of-concept.
iOmx was founded based on work from the laboratory of oncology expert and co-founder Philipp Beckhove, previously
The shock Brexit result this June sent ripples across Europe as individual Member States absorbed the news. And whilst some jurisdictions have been quick to seize the initiative on the back of the uncertainty that UK firms face – especially as it relates to passporting for London's much lauded financial services industry – Malta is focusing on maintaining the harmonious relationship it has with the UK.
"We see ourselves partnering with UK operators to provide solutions to help them sustain their business models; we're not looking to try and take business away from the UK," comments Kenneth Farrugia (pictured), Chairman
Private equity fund manager and Enterprise Investment Scheme (EIS) and venture capital trust (VCT) specialist Calculus Capital has sold its stake in Metropolitan Safe Deposits to private investors, generating a 158 per cent return in the process.
Calculus invested in Metropolitan at 6.32p per share, in February 2012, selling its holding for 11p per share in September 2016, a cash on cash return of 1.81x including dividends already paid.
Including initial income tax relief available to investors through the deal, the cash on cash return rises to 2.58x.
John Glencross, Calculus Capital chief executive, says: “We invested in Metropolitan at
Bregal Unternehmerkapital has acquired a major stake in Swiss company Kunststoff Schwanden, a manufacturer of complex plastic parts and components.
As part of the succession plan, the previous owner Albert Kiener will still play a key role in the company.
Chief executive André Bermann and chief financial officer Martin Züger will acquire shares in Kunststoff Schwanden as well. They will both remain in their respective management roles. The participation of other members of senior management is expected.
The operating properties on the two sites, Schwanden and Näfels, will remain the property of Kiener and will be rented out
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