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Private equity funds managed by Blackstone have agreed to sell AlliedBarton to Wendel SE for approximately USD1.67 billion. The transaction is expected to close later this year, and is subject to customary regulatory approvals.
AlliedBarton is a leading US-based provider of security services to more than 3,300 customers, including 200 members of the Fortune 500. Founded in 1957 and based in suburban-Philadelphia, AlliedBarton has more than 60,000 employees and 120 regional offices located throughout the United States, serving clients across diverse end-markets, including, for example, commercial real estate, higher education, healthcare, financial services, government services, aerospace and defense, petrochemicals and
As mainstream banks continue to face growing pressure from the alternative finance industry, a new study by Amicus Finance, a provider of short term lending solutions, has revealed the key factors driving small businesses towards alternative lenders.
According to the report, nearly half (45 per cent) of small business owners believe that alternative lenders offer more flexibility than banks, while 37 per cent said they have a greater ability to lend. A quarter (25 per cent) of small firms believe that alternative lenders outscore banks on customer service, specialist sector knowledge (24 per cent) and speed (22 per cent).
Societe Generale Securities Services (SGSS) in Luxembourg has been mandated by Athena Capital to provide a full suite of custody, administration, valuation and registrar services for its alternative investment fund range.
SGSS has been selected in recognition of its alternative investment fund expertise and competitive offering, as well as for its innovative regulatory reporting services. The AIFMD reporting package, “R303”, offers alternative fund managers three different modular options to produce the required regulatory reports and assists in filing them with the local regulator. This overall offering allows Athena Capital to concentrate on its core investment activities whilst ensuring the company
Big data analytics solutions provider Flytxt has closed a USD11 million (EUR10 million) funding round to finance its next phase of growth. The investment was led by Sunrise Capital GmbH and Big Data Investments with participation from Flytxt's existing investors.
Launched in 2008, Flytxt has previously received funding from a group of angels and family offices in Germany and The Netherlands. The new investment will support Flytxt's plans to consolidate its presence in the Communication Service Provider (CSP) market and to offer mobile consumer analytics solutions to other industry verticals. The company plans to double its team through the next
Preston Hollow Capital has added Lynn Wheatley (pictured) as Senior Credit Underwriter. Wheatley’s corporate responsibilities include evaluation, analysis and underwriting of the real property components of the firm’s investments.
“Lynn’s extensive experience as a commercial real estate underwriter give us depth in this critical function as we continue to grow the business,” says Jim Thompson, the Chairman and CEO of Preston Hollow Capital.
Before joining Preston Hollow Capital, Wheatley worked with GE Capital for 11 years. While with GE, Wheatley served as Senior Vice President at GE Capital Bank where he managed the credit perspective for its commercial real estate
Prestige Capital Management Limited (PCM) has been granted an AIFMD (Alternative Investment Fund Managers Directive) licence by the Maltese regulator, the Maltese Financial Services Authority (MFSA).
PCM operates a Maltese-authorised SICAV. The AIFM licence will allow this business to grow both its existing SICAV as well as the future management of additional structures in Malta and elsewhere by making use of the passporting benefits under the AIFM Directive within the European Union. The SICAV represents a licensed and established structure suitable for investment managers who want to take advantage of Maltese passporting opportunities PCM is a Malta-based investment management company,
Clearsight Advisors has served as the exclusive strategic and financial advisor to LRA Worldwide (LRA) on its acquisition by Deloitte & Touche.
The transaction underscores Clearsight’s unrivaled position as the advisor of choice for leading companies in the consulting and outsourced services sectors as well as its depth of domain expertise across the complex customer experience ecosystem, where technology, services and data are rapidly converging.
LRA Worldwide is the leading global provider of Customer Experience Measurement services for multinational companies with complex customer interactions. For over 30 years, LRA’s innovative brand standards examinations, quality assurance inspections, mystery shopping programs, research,
Improved rail, roads and runways ranked first among the business issues that need to be prioritised by the new UK Government, according to a survey of senior business leaders carried out by BGF.
Twenty five per cent prioritised physical infrastructure, while 19 per cent highlighted the need to see simplified employment policies and an improvement in the quality of apprenticeships to make them more attractive to businesses and young people.
The inaugural BGF Growth Climate Index polled BGF’s Talent Network, a proprietary network of Board Directors with wide ranging experience across the spectrum of UK and international business, from non-executives
Growing Underground, London’s first subterranean farm, will start trading for the first time in mid-July.
Last year the farm successfully completed a crowd funding round that was oversubscribed.
The farm, in old World War II tunnels beneath the Northern Line at Clapham, is the brainchild of West Country entrepreneurs Richard Ballard and Steven Dring, in partnership with Michel Roux Jr, the Michelin-starred chef. The concept has attracted huge interest from consumers and retailers as well as scientists and urban planners worldwide.
The first phase of the farm, which includes a sophisticated lighting and irrigation system, is in the final stages
Garageio is to be one of the initial investments of Amazon’s Alexa Fund, which has been established to provide developers, manufacturers, and start-ups of all sizes who are passionate about creating new experiences designed around the human voice.
Garageio was founded in 2012 by Zak Dziczkowski and Dave Reif to bring a home-automation upgrade to existing garage doors. Garageio allows a customer to quickly find out if their garage door is open or if the alarm is set using a simple voice command. Users can then close their garage door from anywhere in their house.
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