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Union Group has secured a USD59m financing package for two hydropower plants in Peru from a consortium of development banks.
DEG, FMO, OeEB and COFIDE have invested in senior debt in Union Group’s El Carmen and 8 de Ogosto plants which will generate a combined 27.4 MW of capacity and be linked by a 60km transmission line to the power grid.
Union Group subsidiary Generación Andina is building the plants backed by two 20-year power purchase agreements with the Peruvian Government.
The USD88m project marks the first stage of a plan to build nine hydropower plants with 125
Ogier has acted for VSA Capital Limited in its role as financial adviser to Digital Train and its parent, NetDragon Websoft, in connection a GBP84.1 million recommended cash offer for Promethean World, a company listed on London Stock Exchange.
Promethean World is in the global education technology market with significant sales in North America and Western Europe of front-of-class interactive display. NetDragon Websoft is a company incorporated in the Cayman Islands whose shares are listed on the Hong Kong Stock Exchange and is a leading online game and mobile internet platform developer and operator in the PRC. In recent years, NetDragon
NorthEdge Capital, the Manchester-based private equity firm, has strengthened its team with the appointment of John Rastrick as Partner in its Leeds office.
Rastrick will be joining NorthEdge after the summer period with effect from 1 September 2015 and will lead the firm’s investment efforts in Yorkshire and the North East.
A qualified lawyer, Rastrick was previously Investment Director at 3i, before moving to Phoenix Equity Partners, where he was Partner for eight years. In this time, John was instrumental in establishing the firm’s Northern presence, opening offices in Yorkshire and the North West.
Rastrick says: “NorthEdge has
We take a detailed look at the hedge fund industry in Singapore, including investors in hedge funds, the number of hedge fund launches each year, fund terms and conditions and performance.
Read the full factsheet here, featuring charts and tables showcasing the latest Preqin data on Singapore-based hedge funds.
Intelligent Highway Solutions has entered into a Private Equity Line Financing for up to USD5,000,000.00, subject to terms and conditions.
"This news is great for our shareholders and the timing is perfect," said Devon Jones, CEO of IHSI. "This type of financing is excellent for our company because it has no downward convertible mechanism and it gives us what we need to accelerate the execution of our business plan."
Law firm Howard Kennedy has strengthened its Commercial Finance Group with the appointment of new partner Marcus Jamson (pictured).
Jamson joined the firm on 3 August from Wedlake Bell, where he was a partner in its banking team. He was until January 2014 a partner at Berwin Leighton Paisner for 14 years in its finance team.
He brings to the firm expertise in domestic and international corporate lending and has over 20 years experience in acting for a wide range of market participants including leading clearing banks, financial institutions, investment banks, private equity sponsors, senior and junior lenders, strategic investors,
The New York office of global law firm K&L Gates LLP has added Edward Dartley as a partner in the firm’s investment management, hedge funds and alternative investments and private equity practices. He joins K&L Gates from Pepper Hamilton LLP.
Dartley’s practice encompasses many areas across the asset management industry, with particular focus on alternative investment asset classes, private equity and venture capital funds, and managed accounts, as well as regulatory, compliance, and operational matters and compliance audits. Previously a former counsel and chief compliance officer with a registered investment adviser with several billion dollars under management, he has extensive
Arise AB has entered into an agreement with a fund managed by Allianz Capital Partners (ACP), for the sale of the construction-ready 33 MW Mombyåsen wind farm.
In addition to the sale, Arise will deliver civil and internal grid works under a turn-key contract as well as manage the construction, and once operational, operate the Project on behalf of ACP through asset management agreements.
As a result Arise estimates to receive revenues under the various contracts relating to the sale and construction phase with a corresponding positive earnings impact of approx. 33 MSEK in 2015 and 2016, combined. Arise will
Institutional asset owners recorded a median gain of 0.2 per cent in Q2, according to Northern Trust Universe data. This marks a drop from the 4 per cent median gain in the second quarter last year and 2.3 per cent median gain in the previous quarter.
The Northern Trust Universe tracks the performance of about 300 large US institutional investment plans, with a combined asset value of approximately USD899 billion, which subscribe to performance measurement services as part of Northern Trust’s asset servicing offerings.
There was a noteworthy divergence of returns among plan types in the second quarter of 2015.
ESMA’s latest advice concludes that no obstacles exist to extension of AIFMD passport to Guernsey and Jersey, says Andrew Whittaker (pictured), Managing Director, Ipes Guernsey…
The European Securities and Markets Authority (ESMA) has published its advice in relation to the extension of the Alternative Investment Fund Managers Directive (AIFMD) passport to non EU jurisdictions.
The ESMA advice concludes that "no obstacles exist to the extension of the passport to Guernsey and Jersey." Their advice will now be considered by the European Commission, Parliament and Council.
The AIFMD passport is already available to EU entities. Non EU Alternative Investment Fund
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