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Finstar Financial Group has made senior additions to its management team with the recruitment of Eugene Timko as investment director, Michele Tucci as head of mobile products and business development, and Alexander Ivanov who has been appointed to develop venture capital investments.
These latest appointments reflect Finstar’s strategy to continue with the expansion of its fintech and financial services investment programme.
As the global economy moves into a digital era, investment in the fintech sector continues to gather pace and overall fintech investment reached USD5.7 billion globally during the first quarter of 2016. Finstar Financial Group is focusing its
Mid-market private equity firm LDC has made a GBP10 million development capital investment in portfolio company Icon Polymer Group, a manufacturer of engineered polymer products, to support its growth strategy.
The investment will enable the group, which will subsequently rebrand to Applied Composites Group, to accelerate a number of initiatives to increase revenues in its core sectors of aerospace and rail.
The announcement follows a period of sales success, growth and technical innovation at the 150-year old hi-tech manufacturing group. In the past year alone, it has signed a series of major contracts with blue chip organisations including Rolls
More than 80 per cent of institutional investors surveyed at a recent event hosted by Northern Trust in Stockholm expect investor allocations to alternative assets to increase within the next five years, with private equity and infrastructure to receive the highest new allocations.
Approximately 50 Nordic institutional investors – including some of the largest and most sophisticated asset owners in the world – were surveyed on their perspectives on the evolving role of alternative investments.
“In the current low growth, low interest rate environment, alternative investments play an increasingly important role for investors looking for higher yield and lower
General partners (GPs) expect to face increased competition for deals as growing numbers of limited partners (LPs) target transactions through direct investment, according to research by the London Business School on behalf of MVision Private Equity Advisers.
Almost half of GPs surveyed predict having to go head-to-head with LPs in acquisitions, with one in three already having done so in the last year.
GPs are also concerned that the rise in direct investment from LPs will significantly impact their ability to operate effectively. Almost 50 per cent of GPs questioned by the London Business School view Mega LPs –
Since its initial investment in PathXL in 2012, Edinburgh-based venture capital firm Par Equity has generated a 270 per cent tax-free return for investors from the sale of the tissue diagnostics medical technology firm to Philips for an undisclosed sum.
Queens University Belfast spin-out PathXL has developed digital pathology systems that detect, analyse, segment and catalogue tumours faster and more accurately than current methods, which mainly rely on human analysis of pathology slides.
Digitisation of pathology results and records has been shown to improve efficiency and reduce costs within medical and research institutions and organisations. It allows pathology information to
Bathroom retailer Better Bathrooms is to create 100 jobs across the UK after experiencing strong sales growth and receiving GBP4 million in follow-on funding from its financial backer, BGF (Business Growth Fund).
The funding comes after an initial GBP10 million investment from BGF in July 2013. In total, BGF has now invested GBP14 million to support Better Bathrooms, while retaining a minority stake.
Based in head offices in Leigh, with showrooms nationwide, Better Bathrooms is on course to achieve sales in excess of GBP60 million this financial year, up from GBP31 million in 2013 when BGF first invested in
Total assets managed by the top 100 alternative investment managers globally reached USD3.6 trillion in 2015, up 3 per cent on the prior year, according to research produced by Willis Towers Watson.
The Global Alternatives Survey, which covers ten asset classes and seven investor types, shows that of the top 100 alternative investment managers, real estate managers have the largest share of assets (34 per cent and over USD1.2 trillion), followed by hedge funds (21 per cent and USD755 billion), private equity fund managers (18 per cent and USD640 billion), private equity funds of funds (PEFoFs) (12 per cent and
ARX Equity Partners has completed a first close of its latest Central Europe vehicle, ARX CEE IV, at EUR54 million, with total subscribed commitments of EUR66 million.
The fund, which has a target of EUR100 million including commitments from the European Investment Fund (EIF), will continue to execute the ARX value-creation strategy of investing in lower mid-cap businesses and SMEs in select Central European countries.
ARX has completed 22 platform investments and numerous add-on acquisitions over its two-decade operating history in the region. The EIF investment benefits from EU support under the COSME programme funded by the European Commission.
WestBridge Capital has completed a GBP10.5 million secondary buyout of ISG Technology, marking a successful exit for RJD Private Equity which originally backed a management buyout of the business in 2005.
ISG designs, installs and manages mission critical networking infrastructure solutions for blue chip organisations across the UK, including retailers, UK government, quick service restaurants (QSR) and major global ICT and telecommunications companies.
The company has built a strong reputation for delivering rapidly to some of the largest multiple site businesses in the UK. Customers include some of the UK’s largest retail, grocery and QSR operations in the UK, many
Siris Capital Group’s affiliates have submitted a unilaterally binding offer to acquire all outstanding shares of Polycom for a price of USD12.50 per share in cash.
The offer is subject to Polycom terminating its existing merger agreement with Mitel Networks.
Polycom has informed Siris that its board of directors has unanimously determined Siris’ offer to constitute a “Company Superior Proposal” under the terms of its merger agreement with Mitel. Polycom has also announced its intention to terminate promptly its merger agreement with Mitel.
The all-cash transaction is valued at approximately USD2.0 billion, including Polycom’s outstanding debt, which represents
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