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Antarctica Asset Management has been authorised by the UK's Financial Conduct Authority (FCA) to act as a full scope alternative investment fund manager (AIFM) of a new investment vehicle set up and approved as SICAV by the Luxembourg regulatory authorities.
The AIFM Directive offers a regulatory framework that benefits investors and strengthens the oversight of companies managing alternative investment funds. It enhances the transparency of fund management activities of AIFM-approved funds through increased risk management and reporting requirements. As a European Union alternative investment fund manager (AIFM), we will be looking to market EU Alternative Investment Funds (AIFs) via the
Pete Daffern, president of EMEA at NetSuite, has joined the Octopus Venture Partner Group. Daffern joins Octopus with nearly 25 years executive experience in world-class businesses across San Francisco and the UK, such as NetSuite, ClairMail and Purisma, where roles held included CEO, President and Vice President.
In his role as Venture Partner, Daffern will be joining a collection of investors, consultants, entrepreneurs and global experts, who back Octopus portfolio with connections, advice, and hands-on support. Using his wealth of experience of developing and executing Go-To-Market and Product Development strategies, Daffern will support portfolio entrepreneurs and management teams, with the
IK Investment Partners (IK), a European private equity advisory group with Nordic roots, has appointed Alireza Etemad (pictured) as Partner as of October 2015. Etemad will be based in Stockholm and co-heading IK’s Stockholm office together with Kristian Carlsson Kemppinen.
Etemad, 38, joins from Skandinaviska Enskilda Banken (SEB), where he has been Global Head of Corporate Finance. During his time at SEB, he has actively led and participated in numerous landmark transactions in the Nordic region, including private and public M&A situations as well as IPOs and rights issues. Prior to SEB, Etemad worked as a management consultant at Booz
VATBox, a cloud-based provider of automated VAT recovery and governance solutions, has closed a USD24 million financing round led by Viola Private Equity with participation of existing private investors.
The funding will further fuel VATBox's aggressive growth plans, accelerating its expansion in the massive, growing market of VAT recovery and governance.
VATBox was founded in 2013 by CEO Isaac Saft and President Noam Guzman. Leveraging their extensive experience in the enterprise software market, together with Comverse former SVP of Global Operations Yoram Hordan (COO) and a team of 60 employees, VATBox has become a significant player in the field
The average time taken for private real estate funds to reach a final close so far this year is the longest it has ever been. This extract from Preqin Real Estate Spotlight: August 2015 explores the key trends that emerge when comparing time on the road to fundraising success and past performance in an increasingly competitive market.
The real estate fundraising landscape remains a competitive one, despite increasing institutional demand for exposure to the asset class. Preqin’s Real Estate Online contains detailed profiles for over 4,900 private real estate funds worldwide, which include information on strategy and geographic preferences, fundraising,
Zodius Technology Fund has led a USD20 million round for investing in Allygrow Technologies, an engineering services company.
Along with Zodius, IT industry veteran Atul Nishar and Allygrow founder Prashant Kamat are also investing in the company. Allygrow plans to use the funds to set up its operating infrastructure, build a global team and make strategic acquisitions.
The recently incorporated Allygrow, with headquarters in Pune, India, will serve industries such as aerospace, automotive, hi-tech, heavy industries, and medical devices amongst others. The company is being led by the founder and CEO, Prashant Kamat, who brings over 20 years of
PHEMI has raised a USD12.2 million round of venture financing to expand the commercialisation phase of the company.
Secured by a combination of new and existing investors, the financing was co-led by CTI Life Sciences Fund (CTI) and British Columbia Discovery Fund (Discovery Capital). It also included significant participation from early investors BDC Capital Healthcare Venture Fund and Yaletown Venture Partners.
A team of serial entrepreneurs, Dr Paul Terry, Adam Lorant and John Seminerio – with expertise in developing and commercialising innovative business and technology solutions for a wide variety of industries, including healthcare, telecommunications and high-performance computing –
Palamon Capital Partners and Corsair Capita are to jointly acquire control of Currencies Direct, a specialist provider of foreign exchange (FX) and international payment solutions to private and corporate clients.
The transaction value exceeds GBP200 million.
The acquisition is structured so that Currencies Direct management will increase its ownership position in the company and will also include continuing equity participation by the firm’s principal founder, Mayank B Patel OBE, who will become Honorary President.
Currencies Direct’s Private FX segment provides foreign exchange services to more than 150,000 registered retail clients. Its Corporate FX segment offers foreign exchange services to
EMEA deal volume may have slowed down across the region, down 15 per cent year-on-year with a total of 2,779 announced deals recorded, but deal value has seen a significant boost on last year’s figures, up by 16 per cent and recording a total of EUR414.8 billion.
That’s according to the half-year 2015 edition of Mergermarket’s EMEA Deal Drivers.
“Confidence among corporates that have steadily strengthened their balance sheets has risen in the last year. This in turn has leant itself to increased M&A activity among blue chips as they compete for market position,” says Paul Francis-Grey (pictured), Deputy
CapitalSouth SBIC Fund IV has invested USD9.4 million in Fresh Dining Concepts in a combination of senior secured debt and equity.
Headquartered in Delray Beach, Florida, Fresh Dining Concepts is an Auntie Anne’s Inc franchisee that operates 22 in-line stores, baking kiosks, and satellite retail units. Twenty locations are branded as Auntie Anne’s, and two locations are co-branded with Cinnabon. The Company is the fourth largest franchisee in the Auntie Anne’s system and operates stores in New York, Florida, Louisiana, and Puerto Rico.
CapitalSouth Growth Fund investment will help the Company’s next phase of growth.
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