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Amr Helal has joined Duet – CI Capital, a joint-venture between alternative asset manager Duet Group and Egyptian investment bank CI Capital, from the Abraaj Group to lead the Duet – CI Capital Egypt Opportunities Fund.
The Egypt Opportunities Fund is a USD 300 million private equity fund dedicated to investing in Egyptian businesses, injecting growth and buyout capital into the economy and partnering with leading entrepreneurs to create long term sustainable value.
Henry Gabay, Co-Founder and Chief Executive Officer, Duet Group, says: “Amr brings a proven track record of investing and operating in Egypt and the region, as
Global law firm White & Case has expanded its Nordic private equity capabilities with the addition of Johan Steen (pictured) as a new partner in Stockholm.
“The Nordic private equity market has been consistently one of the most active in Europe and is home to some of the world’s most successful private equity firms,” says White & Case partner John Reiss, Global Head of the Firm’s Global Mergers & Acquisitions Practice. “The addition of Johan continues the development of our top tier Stockholm private equity practice and strengthens our wider private equity practice in the Nordic region.”
Steen, who
UK-based Loyalty Bay has raised USD1 million in a late seed funding round led by Talis Capital with Howzat Partners, NEON Adventures, Chris Mairs and Richard Verney all participating. Matus Maar has joined the board as Investor Director.
Loyalty Bay enables businesses to reward and incentivise any action (i.e. sale, signup, retention, referral, cross sell, up sell etc.) taken on the business's site through their smart white-labelled API, Super Users product (it identifies your super users from an email address) and Rewards Hub. Data analytics is used to offer the right reward or incentive to the right person at the
Restoration Partners, the London-based technology-focused merchant bank, has secured start-up funding for We Are Briqs. A member of the Restoration Alpha Angels network, who is an experienced and successful investor in Fintech companies, has provided the backing.
We Are Briqs delivers white-label, plug-and-play solutions for retail banking. Their products create safe and rich personal experiences, and allow for more meaningful brand engagement. Solutions include digital identity verification, a micro-charity donations platform and digital "jam jars" to encourage financial planning and saving.
Lee Travers, CEO, We Are Briqs, says: "We are operating in an extremely fast-moving environment and we need
Inflexion has sold its Partnership Capital investment in Rhead Group (Rhead), a technical professional services consultancy, to Costain Group PLC (Costain) in a transaction valued at GBP36 million.
Acquisitive growth and diversification were the focus of our partnership. Inflexion supported four transformational add-on acquisitions broadening Rhead’s offering, customer base and strengthening both its national and overseas presence. During our partnership with Rhead, Inflexion worked closely with the management team introducing a highly experienced Chairman, as well as undertaking a digital audit to identify areas of improvement in systems and processes, aiding efficiency and assisting in the hire of a new
Concept Life Sciences, a scientific laboratory and consultancy group has acquired CXR Biosciences as it continues its acquisition spree in the fast-growing CRO market.
This marks its fourth acquisition since the Manchester-headquartered company was formed last year following investment from European private equity firm Equistone Partners Europe. The group acquired Peakdale Molecular, Resource & Environmental Consultants and Scientific Analysis Laboratories in a USD100 million enterprise value deal in July 2014.
Led by Executive Chairman Michael Fort and Chief Executive Officer Alan Morgan, the Concept Life Sciences Group has over 600 staff in 11 locations, with advanced plans for further
CXR Biosciences Limited, (CXR) the Dundee-based investigative and exploratory toxicology business, has been sold by its shareholders – including Archangel Investors and Scottish Investment Bank – to UK-based Concept Life Sciences, the growing life sciences, scientific laboratory and consultancy group.
CXR is a leading investigative toxicology business. Its in-house expertise assists international life sciences companies to resolve issues relating to the safety of compounds and with the selection of drug and chemical candidates. CXR, which has 33 staff, will retain its name and operate under the Concept Life Sciences’ Group umbrella. All staff, including the management team, are joining the Concept
Affinia Group, including its global filtration operations, but excluding its Affinia South America (ASA) operations, will be sold to MANN+HUMMEL.
Based in Ludwigsburg, Germany, MANN+HUMMEL is a privately-held global filtration expert offering filtration solutions to original equipment and aftermarket customers in both the automotive and industrial sectors.
"Our agreement with MANN+HUMMEL continues us along a path that has guided us for 75 years – a commitment to innovative solutions and high-quality filtration products," says Keith Wilson, President and Chief Executive Officer of Affinia Group. "We are excited to align our technologies and capabilities to provide our customers, employees and
MarketInvoice has secured an investment of GBP6 million (USD10 million) which the peer-to-peer finance provider will use to broaden its product set.
This will include allowing businesses to access funds against licences, contracts, and subscriptions, as well as supplier finance where businesses can get finance to pay suppliers to complete large projects.
Following the Chancellor’s confirmation of an ‘Innovative Finance ISA’ which will allow tax free investing in peer-to-peer finance from April 2016, MarketInvoice is also announcing that it will use the new funds to enable retail investors to access the MarketInvoice platform and gain exposure to this attractive
Global macro hedge funds appear to be maintaining a contrarian stance versus the market when it comes to positioning on government rates.
In recent weeks, managers have secured gains by taking long positions in the US and Europe thanks to a global decrease in both short- and long-term rates in fixed income markets. In the middle of July, US 10-year Treasuries were yielding 2.45 per cent, since when they have fallen to 2.16 per cent (at the time of writing). Lower yields arise when economies aren’t firing on all cylinders. Whilst the US economy has shown signs of improvement, the
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