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Marc Lenaers has been promoted to managing associate in Ogier’s Luxembourg office.
Lenaers advises global clients and investment managers on a wide range of regulated and unregulated investment vehicles, including mutual funds, hedge funds, private equity, real estate and debt funds. He is in charge of setting up and restructuring Luxembourg investment funds tailored to the clients’ needs.
Prior to joining Ogier, Lenaers was head of legal fund engineering in a major bank and senior associate in a Luxembourg law firm, where he was in charge of the investment funds practice of the New York representative office.
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Risk Capital Partners, the private equity firm chaired by Luke Johnson, has sold its majority stake in Cruise.co, the company which owns the UK’s largest online cruise holiday website Cruise.co.uk, to Bridgepoint Development Capital for GBP52 million.
Cruise.co.uk is the largest site in the UK for cruise reviews and cruise related questions and answers and publishes unique content and consolidates comparison tables of onboard facilities. The site also has direct access to every cruise line’s live inventory and pricing, providing users with real-time live availability. In addition, Cruise.co hosts the largest cruise forum community attracting 17 million visits per annum
Partners Group is to acquire global IT support services provider Systems Maintenance Services (SMS) on behalf of its clients.
SMS is being sold by funds affiliated with Thomas H Lee Partners (THL) and Summit Partners.
The terms of the transaction, which is subject to regulatory approval, have not been disclosed.
Founded in 1981, US-based SMS is headquartered in Charlotte, North Carolina, and provides IT infrastructure services to a client base of more than 3,000 businesses. SMS offers third-party maintenance services in conjunction with a full suite of IT system support services. SMS has over 900 engineers on its
NorthEdge Capital has invested an undisclosed eight-figure sum for a significant majority stake in Abbey Logistics Group, to support an MBO led by chief executive Steve Granite.
The Liverpool-headquartered logistics provider specialises in the transportation of bulk food products in liquid and powder tankers across the UK and Northern Europe. The investment represents NorthEdge’s fourth deal this year and is the second investment from the recently raised GBP300 million Fund II.
Abbey Logistics was set up more than 25 years ago by the Lucy family, specialising initially in the liquid food ingredients transportation market, with more recent diversification into
Family-owned Kids Planet, a North-West based children’s nurseries group, has secured a GBP10 million investment to continue the roll-out its day care centres across the region.
The group plans to open five nurseries in the next two years, creating 150 new jobs and providing nursery care and education to an additional 550 children.
Founded in 2008 by chairman John Hoban and his daughter chief executive Clare Roberts, Kids Planet now owns and manages 17 nurseries. Hoban’s other daughter Lucy Kaczmarska joined in 2013 as director of early years.
The group provides nursery care and education to around 1,700 children
On the back of the Bank of England interest rate announcement, Assetz Capital one of the UK’s largest peer-to-peer lenders, is predicting that both savers and borrowers will continue to turn to alternative finance companies in increasing numbers.
Unlike traditional banks, which will be hit hard by the interest rate reductions, P2P lending platforms such as Assetz Capital, remain largely untouched by the fluctuating financial markets and continue to offer the same rates to investors and businesses as they did prior to the referendum vote and today’s base rate decision. P2P investing is less geared to external factors and the
Solar financing solutions provider Mosaic has secured an equity financing of up to USD220 million led by private equity firm Warburg Pincus. Core Innovation Capital and Obvious Ventures also participated in the round. Mosaic will use the funds to continue its rapid growth in the rooftop solar loan market.
Founded in 2010 by Billy Parish and Daniel Rosen, Mosaic provides financing to homeowners to purchase rooftop solar systems, which typically result in savings of tens of thousands of dollars in energy costs over the life of the system. Mosaic offers loan products and a technology platform that are built with
Rothschild & Co Group has appointed M&A specialist James M (Jimmy) Neissa as Head of Rothschild & Co North America.
Neissa will lead the continued development of the North American business primarily focusing on Rothschild Global Advisory. The group also announced that Lee LeBrun, a widely respected M&A banker, will join Rothschild Global Advisory as Head of M&A in North America. Both Jimmy Neissa and Lee LeBrun will assume their positions in September.
Robert Leitão, Head of Rothschild Global Advisory, says: “We see a lot of opportunities to grow Rothschild & Co’s North American presence, building on our record performance
A consortium of global investment firms are to make a substantial investment in GO-JEK, an Indonesian on-demand mobile platform.
This equity capital raise of over USD550 million, which represents the company’s latest round of financing, is comprised of leading investors including KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets, as well as existing shareholders and other international investors. Previous investors include Sequoia India, Northstar Group, DST Global, NSI Ventures, Rakuten Ventures and Formation Group.
The growth capital injection will help enhance the scale and quality of GO-JEK’s on-demand platform and application services, which have leading positions across multiple
Everseen, the retail security AI company, has secured funding from MARCOL and other investors, to tackle the growing problem of product loss and shrinkage in the global retail industry.
Everseen uses advanced video analysis and artificial intelligence to reduce non-scans at the checkout by up to 90 per cent, a problem that costs retailers USD40 billion a year globally according to the Centre for Retail Research.
When goods are not scanned at the checkout, retailers’ supply chain systems do not see that a particular item has left the inventory. It’s only when stock checks happen that this loss is discovered.
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