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Global law firm K&L Gates has advised on the establishment of the Elephant Club Consumer Debt Fund, managed by Capital Focus Asset Management.
The newly established fund invests in notes issued by Hong Kong-licensed money lender Elephant Club Limited, and represents Hong Kong’s first ever hybrid fund peer-lending platform.
The Elephant Club Consumer Debt Fund aims to raise up to HKD2 billion (USD258 million) in the medium term.
Michael Wong, the K&L Gates Hong Kong partner who led the deal, says: “We would like to congratulate Capital Focus and Elephant Club on successfully establishing Hong Kong’s first hybrid
Topix Pharmaceuticals, a provider of innovative therapeutic and cosmetic skin care products, has partnered with New Mountain Capital, a growth-oriented investment firm that currently manages over USD15 billion in assets.
Headquartered in Amityville, NY, Topix has developed, manufactured and marketed highly-innovative and clinically-validated topical skin care products for over 30 years. Recognised by physicians for the high quality of its products, Topix has best-in-class formulation capabilities and a proprietary product portfolio developed to meet the in-office dispensing needs of physicians and their patients.
Topix’s product portfolio addresses a wide array of skin health conditions and includes leading brands Replenix,
Campion Homes, a family-owned Scottish housebuilder, has received a multi-million pound investment from BGF (Business Growth Fund) to accelerate its building programme in both private residential and affordable homes.
The business plans to build 700 new homes over five years.
Founded by Pete Bell, the Fife-headquartered company has built more than 1,500 homes across Fife, the Lothians, Clackmannanshire and, Perth & Kinross since 1989.
With a focus on quality, individual choice and community, Campion Homes builds two to six bedroom homes within medium sized developments. The company is currently selling at three private developments located in Fife at
IGF, a commercial finance provider for SMEs, has appointed three new asset based lending (ABL) directors, based in Scotland, the Midlands, London and the South East.
The addition of its new ABL facility reinforces IGF’s commitment to meeting the growth aspirations and working capital needs of UK SMEs. To compliment the addition of the new directors, IGF has also opened offices in Central London and Glasgow.
Alan Anderson, based in Glasgow, joins IGF to lead its Scottish ABL offering. His career includes time at Clydesdale, Aldermore and Bibby. He brings a wealth of experience to the company, and will spearhead
International law firm Watson Farley & Williams (WFW) has advised North River Resources on a USD5.6 million conditional investment by its majority shareholder Greenstone Resources.
North River is a mineral exploration and development company operating in Namibia and Mozambique and currently focused on re-opening its flagship asset, the Namib Lead Zinc Project, on which it is targeting commencement of production in the near term.
London-based Greenstone Resources is a private equity fund and long term investor in the mining and metals sector. Greenstone has conditionally agreed to subscribe for USD5.6million secured, conditionally convertible loan notes to be used by
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
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