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Praesidian Capital Europe (Praesidian), a provider of senior and subordinated debt and growth capital in the United Kingdom and Northern Europe, has made a GBP8.0 million investment of first lien debt in UK claims management business EMC Advisory Services (EMCAS).
The funds support the July 2016 buyout of the Company by incumbent management team James Scarth and Richard Hopwood and the realisation of their growth plan through increased investment in the Company’s leading operational platform as well as providing funds for acquisitions.
EMCAS, headquartered in Exeter, Devon, provides services to consumers who are unaware, or unwilling, to claim redress for
Investec Growth & Acquisition Finance has supported NFT Group’s GBP20 million-plus acquisition of owner-managed logistics company NR Evans with a debt package of GBP13 million.
Founded by Neil Evans, NR Evans is a leading UK temperature controlled distribution business, delivering over GBP1 billion of chilled and ambient product annually via its well invested fleet of 180 trucks and 300 trailers. The business will maintain its South Wales base, whilst integrating into NFT’s national network.
The acquisition the NFT Group significantly strengthens its market leading position in the provision of time critical logistics services to the UK grocery market. It employs
BMO Financial Group has completed the acquisition of the business of M&A advisory firm Greene Holcomb Fisher (GHF).
The transaction complements BMO Capital Markets' existing M&A practice by significantly increasing BMO's number of global M&A professionals. In the United States, the transaction expands and deepens BMO's footprint, raising deal flow and increasing the focus on key strategic industries ranging from Industrials to Food, Consumer & Retail, Healthcare, Technology, Business & Services and Energy.
GHF has been rebranded as BMO Capital Markets.
HgCapital portfolio company Intelliflo has launched an Open API for its business management system, Intelligent Office (iO), enabling its adviser and supplier partners to integrate their own solutions and processes fully with the data and functionality within iO.
Intelliflo’s aim is to allow its partners to enhance their own offerings using the data available via iO.
Nick Eatock (pictured), Intelliflo’s Executive Chairman, says: “We’ve opened up the iO system to give developers and clients access to most of its features, giving them the flexibility to interact with iO in whatever way they like including the ability to display the information
JZ Capital Partners Ltd (JZCP), the London listed fund that invests in US and European micro-cap companies and US real estate, is to sell its equity interest in Fidor Bank AG (Fidor) to Groupe BPCE, the second largest banking group in France.
JZCP first invested in Fidor in August 2013 through its EuroMicrocap Fund 2010, L.P. and has since worked with the senior management team, including Matthias Kröner, CEO, and Wolfgang Strobel, CFO, to grow and develop the business. JZCP invested a total of USD18.4 million and is expected to receive total gross proceeds[1] of approximately USD34.3 million from the
The latest issue of Beauhurst’s The Deal shows that deal numbers in Britain’s start-ups and high growth companies in the first half of 2016 have fallen over 20 per cent compared to the second half of 2015.
The firm writes that it appears that the EU referendum and its impact on investor confidence has had a significant effect in the second quarter of this year. The number of deals completed on crowdfunding platforms has fallen for the first time on record, the firm says with deal numbers down 17 per cent against the second half of 2015.
Although fewer
Allen & Overy has made a major strategic addition to its global finance practice that will significantly expand its US presence, with the hiring of a team of five New York leveraged finance partners.
The team is led by senior leveraged finance partner Scott M Zemser and includes dual qualified partner Alan Rockwell and partners Rajani Gupta, Judah Frogel and Todd Koretzky. Scott, Alan and Judah are joining from White & Case, Rajani is joining from Proskauer Rose and Todd is joining from Milbank, Tweed, Hadley & McCloy.
The team’s leading US domestic and international finance practice represents banks and
Crowdfunding platform Seedrs has been named as Britain’s most active investor in private companies, ranked number one with 78 funded deals at the halfway point in 2016 according to a leading source of objective deep data on UK startups and scale ups.
The company writes that it is experiencing exponential year on year growth with 55 deals funded during the same period in 2015, and 43 deals funded in the first half of 2014.
Seedrs has a 50 per cent share of the UK equity crowdfunding market in 2016 with its closest competitor Crowdcube at 40 per cent while
Institutional and private client service provider JTC has acquired Arcange REIM in Luxembourg, enabling it to launch a new AIFM management company (ManCo) business as it continues to enhance its range of European alternative fund services.
The acquisition of Arcange REIM, which was one of the first Luxembourg based independent management companies to comply with the Alternative Investment Fund Managers Directive (AIFMD), was completed on 6 July following approval from the Commission de Surveillance du Secteur Financier (CSSF).
The new ManCo is called Global AIFM Solutions. A wholly owned subsidiary of JTC, Global AIFM Solutions will offer a fully AIFMD-compliant
Funds advised by private equity firm BC Partners and Canada’s Public Sector Pension Investment Board (PSP Investments) are to acquire a majority stake in Keter Group – a producer of resin consumer products – from its founders, the Sagol family.
The transaction, which is subject to customary approvals and is expected to close in the fourth quarter of 2016, will see the Sagol family retain a minority stake and reinvest alongside BC Partners.
Headquartered in Israel, Keter designs, engineers, produces and distributes a wide range of consumer goods worldwide across multiple categories, such as indoor and outdoor furniture, home accessories,
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