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Illuminate Financial Management has closed the first round of capital raising for its new IFM Fintech Opportunities Fund, co-led by financial information services provider Markit and Deutsche Börse Group to further invest in the most promising early stage fintech companies.
“We are delighted to announce the first close of the Illuminate Fintech Opportunities Fund,” says Mark Beeston, Managing Partner and Founder of Illuminate Financial Management. “Markit and Deutsche Börse are global fintech leaders whose clients will benefit from the technology firms Illuminate is already backing. We are pleased to have them both as lead investors.”
“Investing with Illuminate gives
Carey Olsen's Guernsey corporate team has advised on the successful initial public offering (IPO) of Axiom European Financial Debt Fund Limited and its admission to trading on the Specialist Fund Market of the London Stock Exchange.
The fund raised approximately GBP50.7 million and included a placing programme to issue up to 500 million shares.
The new Guernsey fund will invest in a diversified portfolio of regulatory capital financial investments issued by European financial institutions.
Carey Olsen's Guernsey corporate practice advised on the Guernsey aspects of the IPO alongside Berwin Leighton Paisner. Liberum Capital Limited is the fund's sole
The attitudes of fund managers in Europe towards the Alternative Investment Fund Managers Directive (AIFMD) are continuing to evolve as managers increasingly get to grip with risk management and reporting, according to new research.
The conclusions of the ‘Changing Structure of Alternative Asset Management’, conducted by IFI Global and sponsored by fund and corporate service provider Crestbridge, were launched at a special Forum attended by more than 100 senior industry professionals in London recently. Hosted by Simon Osborn (CEO, IFI Global), the event featured a range of experts from the European funds landscape including Daniela Klasén-Martin (Managing Director, Crestbridge Luxembourg).
A global study of 100 senior executives at life sciences companies by global law firm Reed Smith, in partnership with Mergermarket, reveals that 94 per cent are planning to make an acquisition in the next year.
A further 87 per cent are expecting these to be cross-border transactions.
The report, Life lines: Life sciences M&A and the rise of personalised medicine, explores the main drivers behind the pursuit of cross-border life sciences deals, the challenges faced in executing those deals, and how advances in personalised medicine may change the face of the industry.
The first six months of
HIG WhiteHorse, a credit affiliate of global investment firm HIG Capital, has arranged a EUR25 million unitranche loan for IGM Resins, an international provider of specialist chemicals and technical services to the inks and coatings industries.
IGM is headquartered in Waalwijk, The Netherlands and has circa 570 employees. IGM Resins is a manufacturer of chemical components used in the ultra violet curing of coatings, inks and adhesives across a wide range of end-user applications from food packaging, wood coatings, coatings for electronic applications to name but a few. IGM Resins is majority owned by Arsenal Capital and has operations across
Crawley-based Acro Aircraft Seating, a British aerospace design and engineering companies, has received a GBP7.75m growth capital investment from BGF (Business Growth Fund).
Founded in 2007 by three industry professionals – Chris Brady, Andy Lawler and David Starkey – the company was set up to design and manufacture economy airline seats that were comfortable, maintainable, robust and lightweight in order take advantage of huge growth in the low cost carrier (LCC) market. The company’s first seat was launched in 2007 and a year later Acro was granted European Aviation Safety Agency (EASA) approval with Jet2.com becoming its first customer. The
Xometry has received USD8.8 million in funding led by Highland Capital Partners with participation from existing investors. The company will use funds to fuel ongoing R&D efforts and bring its best-in-class, proprietary software to new markets and clients.
In conjunction with the financing, Sean Dalton of Highland Capital Partners will join the company’s board of directors. Dalton, a general partner at Highland, has extensive experience in guiding and growing technology companies to market leading positions. Dalton joins Randy Altschuler, Xometry co-founder and CEO, Xometry co-founder and CFO Laurence Zuriff, former CIA Director John Deutch, and George Hornig on Xometry’s Board
Palamon Capital Partners has acquired a majority stake in The Rug Company from its founders Christopher and Suzanne Sharp, who will continue to hold a significant stake in the Company, and minority shareholder Piper.
The terms of the transaction have not been disclosed.
The Rug Company is a global brand in luxury handmade rugs with an established international sales presence through 10 own showrooms and a number of franchisees and concessions worldwide, generating sales of GBP23 million. Founded in 1997 by husband and wife team Christopher and Suzanne Sharp, the Company sells a range of more than 300 high-quality,
Kebony has raised NOK177.5 million (EUR19.05 million) to fund a second European factory. Finance has been secured via the issue of NOK140 million of new shares and a subordinated loan of 37.5 million NOK. PMV and Investinor lead the new investment round, which was open to both new and existing investors.
Following many years of strong growth, the demand for Kebony – a sustainable alternative to tropical hardwood – is about to exceed current production capacity at its facility in Vold, Norway. The proceeds of the raised capital will primarily be used to build a second factory in Belgium, scheduled
KeBeK Private Equity is to acquire a controlling stake in Belgian car superstore chain Cardoen from Karel Cardoen. The transaction marks the first investment made by the second KeBeK fund, which was established last June.
Karel Cardoen remains an important shareholder of Cardoen and, together with KeBeK, will now lead further expansion of the company.
KeBeK participates in solid, medium-sized companies with identifiable potential for further growth and value creation. KeBeK actively supports the management of its participations in corporate strategy execution without playing an operational role. KeBeK I counts eight participations, six of which were taken over from
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