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Invest Securities has launched PRE-IPO, the first European crowdfunding platform for private investments in the last financing rounds of unlisted growth companies a few months before they go public.
A website describing the concept will be live between 20 November and 20 December, and will introduce PRE-IPO's first exclusive investment projects in cleantech, biotech, IT and e-Business companies. The full version of the PRE-IPO platform will then officially open on 26 January, 2016.
From an investor's perspective, PRE-IPO is intended for individuals, business angels, family offices and investment funds that seek to invest at a lower price than the
Law firm Howard Kennedy and its regulated London Stock Exchange sponsor, Howard Kennedy Corporate Services, have advised a new entrant to the VCT market – Hazel Targa VCT.
Hazel Targa VCT PLC brings together Hazel Capital, an established investment adviser in the VCT market, and investment advisers Welbeck Capital Partners LLP to launch a new and genuinely innovative VCT focusing on convertible loan notes. The new VCT will look to raise GBP20 million under this offer.
The Howard Kennedy team was led by partner Keith Lassman, with support from senior associate Ian Scott and solicitor Sian Thomas.
Lassman
The latest research from Preqin finds that management fees among infrastructure funds of more recent vintages are lower than for previous vintage years.
While 2012 and 2013 vintage funds have a median investment period management fee of 2.00 per cent, funds currently in market, or with a 2015 vintage, have a median fee of just 1.50 per cent. Among 2014/15 vintage funds, 37 per cent charge a management fee of 2.00 per cent, but this is down from 61 per cent of 2012/13 vintage funds. Twenty-seven per cent of 2014/15 vintage funds charge less than 1.50 per cent in management
Many investors choose to disregard potential investment in an infrastructure fund due to terms and conditions. Utilising information from the 2015 Preqin Private Equity Fund Terms Advisor and the Preqin Investor Outlook: Alternative Assets, H2 2015, this extract from this month’s Preqin Infrastructure Spotlight examines the fund terms and conditions of unlisted infrastructure funds and their effect on the alignment of interests between investors and fund managers.
In Q3 2015, Preqin conducted a series of detailed interviews with active institutional investors in infrastructure in order to gain insight into their attitudes towards the asset class. The study revealed that
Preqin’s latest factsheet takes a detailed look at closed-end private real estate fundraising for emerging managers in the US.
Fundraising
Preqin’s Real Estate Online contains detailed information on 529 private real estate funds managed by US-based emerging managers*, which have secured a total of USD104 billion since 2007. Fundraising by US-based emerging private real estate managers has not emulated its pre-crisis peak in 2007 of 80 funds reaching a final close on USD17.3 billion in capital commitments (Fig 1). The downturn led to year-on-year declines in aggregate capital raised before recovering in 2011, when USD14 billion was raised by 70
Noerr has advised Inflexion Private Equity on the joint acquisition of the global animal and crop health division of the market research group GfK.
The British investor takes over this division with its global market research activities alongside with the current management under the lead of Stephen Hearn by way of a carve-out.
The transaction is expected to be completed in the first quarter 2016. It is planned that all 220 staff members will remain with the carved-out division.
The Noerr team led by the London partner Dr Thomas Schulz advised particularly in connection with the due diligence
Research from international law firm Nabarro reveals the UK remains top of the Nabarro Infrastructure Index as the most attractive country for infrastructure investment. The top five countries in the Index are rounded out by Canada, the US, Australia and UAE in second, third, fourth and fifth places respectively.
The expanded Index, commissioned by Nabarro and last conducted in 2012, now ranks twenty five countries representing all five major world regions by their attractiveness for infrastructure investment. Ranking is based on several factors including the tax environment, the availability of credit and the country’s economic stability, national stability, ‘ease of
The InfraDeals Latin America Analysis for YTD 2015 points to a sharp decline in infrastructure deal count this year after 2014’s boom. However new greenfield projects are on the rise as governments seek countercyclical investments, and foreign investors are attracted into the region because of the lack of profitable alternatives in traditional markets like Europe.
A total of 109 greenfield, brownfield, sales and refinancing deals closed in the first ten months of 2015 in Latin America, totalling around USD35.75 billion. This is a sharp decline in comparison to 2014’s USD51 billionFY total but still above the 91 deals for USD32.6
Amplience, an on-demand Big Content Platform, has secured USD8 million in a financing round led by Silicon Valley Bank and Columbia Lake Partners.
This latest financing comes on the back of impressive growth in North America. Over the last 12 months, clients including Panasonic North America, Marc Jacobs, John Varvatos, Saks Fifth Avenue, and Theory Helmut Lang have adopted its market-leading Big Content Platform. This announcement follows an earlier USD10.5 million Series B round of funding led by Octopus Ventures in March 2015.
Andrew Hunter, Director at Silicon Valley Bank, says: “Amplience continues to impress us with its drive
Stronger regulatory enforcement, tighter internal governance, and the increased risks to the transaction has led to the number of leaked M&A deals in 2014 falling to its lowest level in six years, according to Intralinks.
The fall in the percentage of deals involving a leak prior to the announcement of the deal is being attributed to the combined effects of stronger regulatory enforcement, tighter internal governance, and the increased risks to the transaction when leaking a deal.
The Intralinks M&A Leaks Report reveals that 6.0 per cent of all deals in 2014 involved a leak, compared to 8.8 per
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