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Aquila Capital’s newly launched Aquila Renewables Fund III SA (ARF III) has secured a significant amount at first close from a large institutional investor. A high double digit million amount of the capital has already been allocated to operating assets.
The fund, which invests in a diversified portfolio of photovoltaic and wind power plants in Europe, pursues a conservative investment strategy and aims to generate early and stable current yield as well as an attractive overall return. ARF III is suitable for institutional investors who are seeking stable and predictable returns and who wish to diversify their portfolio to include
Bravia Capital Hong Kong Limited Bravia Capital has added Anne Oian (pictured) to the firm’s Advisory Board, with immediate effect.
Oian has had a stellar career in the banking sector with virtually every major shipping line worldwide. Beginning her career as a junior credit officer in 1975, Oian became Global Head of Shipping for DNB Bank, Oslo, Norway. She has been a Director of a myriad number of organiaations – shipping companies, insurance companies, EXIM banks, trade and regulatory forums, as well as public and private companies.
CEO of Bravia Capital, Bharat Bhise, says: “I am delighted that Anne has
In this extract from the Preqin Real Estate Spotlight | June 2015, Abbie Smith examines the recent fundraising successes of private real estate funds focused on non-traditional property types, such as medical/healthcare facilities, senior homes, student housing and self-storage.
Fundraising
Preqin’s Real Estate Online contains extensive information on 131 funds which are focused solely on niche property types. Vehicles that solely target niche property have raised USD11.1 billion since 2009 (Fig 1). Fundraising was slower prior to 2013 with USD3.4 billion raised in the period, whereas since the start of 2013, more than double (USD7.7 billion) this amount has
Law firm Ogier has acted as Jersey counsel to a consortium of 60 lenders in relation to Glencore's USD15.25 billion revolving credit facilities.
The deal involved the refinancing of Glencore's existing revolving credit facilities entered into in June 2014, comprising of a new USD8,450,000,000 revolving credit facilities agreement and an amendment to an existing facility, expanding it to USD6,800,000,000. The new facilities will be used for general corporate purposes and included a guarantee from Jersey incorporated parent company Glencore plc. The international law firm Clifford Chance (Russell Wells, Richard Tomlinson, Jay Gavigan and Philip Sealey) acted for the lenders as
Standard & Poor's Ratings Services (S&P) has published its first annual league table for private placement deals in Europe, created in collaboration with Private Placement Monitor (PPM).
The table shows that almost EUR7 billion was raised in private capital for European companies in the last year, through 87 deals. And although French private placements continue to dominate, the market is becoming more pan-European with 47% of the deals coming from other countries.
"ICMA welcomes the publication of this survey by Standard & Poor's Ratings Services and PPM, which estimates that the growing pan-European private placement market, including direct transactions,
Channel Control Merchants (CCM), a retailer of secondary market inventories, announced today that they have completed an equity financing with KKR. Financial terms of the transaction have not been disclosed.
“We are pleased to have the backing of a sophisticated investment partner who has deep industry expertise investing in the retail sector. KKR understands our business well and shares our vision for the future. This is an exciting new chapter for our growing retail and export businesses and we look forward to our partnership with KKR,” says Robert A Roberts, CEO of Channel Control Merchants.
Owned by Robert . Roberts
Funds managed by Clayton, Dubilier & Rice (CD&R) will be partnering with the management of Motor Fuel Group (MFG) to acquire the Company from Patron Capital Partners in a transaction valued at approximately GBP500 million.
The transaction is expected to close in July, subject to customary regulatory approvals.
MFG, acquired by Patron in 2011, is the number two independent petrol and convenience retailer in the UK. Through a series of strategic acquisitions, Patron and MFG management have grown the Company from 48 sites in 2011 to a current total of 373 sites, in addition to operating a dealer network of
RO Real Estate, the UK commercial property investment and development company, has completed a 13,000 sq ft letting with Regus at its 30,000 sq ft office building, Norwich House on Savile Street in Hull.
RO is currently undergoing major refurbishment works on the whole building and expects works to complete in September 2015. On completion of the works, the building will offer high quality naturally ventilated office space on flexible terms. Following this deal, the building will still have 13,992 sq ft of office space and a 2,260 sq ft retail unit available to let direct from RO.
The fit
Invesco has released its third annual Invesco Global Sovereign Asset Management Study, an in-depth report on the complex investment behaviour of sovereign wealth funds, conducted amongst more than 50 individual sovereign investors across the globe representing USD7.09 trillion of assets.
This year’s study took place against a backdrop of an extreme fall in the price of oil and provides first-hand insight into the impact this is having on sovereign investors. It also examines how investment strategies are evolving – both in terms of preferred asset class, notably for emerging market infrastructure, and execution strategy – as collaboration becomes increasingly frequent
Last week US Treasury bond and German bund yields spiked, both hitting a new 2015 high. On Thursday, 10-year German rates reached 1.0% before losing ground later in the day. Intraday volatility reached record highs and according to hedge fund managers, the main driver behind the moves in the fixed income markets is the lack of liquidity. Brokers and dealers hold a small and shrinking percentage of the Treasury market.
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