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There’s a tangible air of optimism among hedge fund managers this year. Despite 2014’s returns being their lowest since 2011, 60 per cent of managers believe that the 2015 Preqin All-Strategies Hedge Fund Benchmark will surpass last year, which delivered a rather tepid +3.78 per cent (net).
On top of this, 80 per cent of managers expect overall hedge fund AUM to increase according to the February edition of Preqin’s Hedge Fund Spotlight report.
“More investors are getting switched on by the benefits that hedge funds can offer as opposed to getting switched off. We are largely positive on our
Aberdeen Asset Management is to purchase SVG Capital plc’s stake in their joint venture vehicle, Aberdeen SVG Private Equity Managers Limited (Aberdeen SVG Private Equity) for GBP29 million.
In May 2013, Aberdeen acquired a 50.1% stake in Aberdeen SVG Private Equity from SVG Capital plc with the option of acquiring the remaining 49.9% stake.
The transaction is part of Aberdeen’s strategy to consolidate and strengthen further its alternatives platform which provides multi-manager coverage of hedge funds, property and private equity allocations, infrastructure investments and Pan-Alternative capabilities.
The majority of the Aberdeen SVG Private Equity team will be fully
The Consumer sector team at Livingstone has advised JacTravel, a leading B2B hotel accommodation wholesaler and provider of inbound travel services, on the acquisition of TotalStay Group.
The transaction was supported by Vitruvian Partners, JacTravel’s existing institutional shareholder.
The enlarged group will benefit from greater scale in the accommodation market, achieving an annual combined turnover significantly in excess of £360 million, and direct contractual relationships with over 14,000 independent and chain hotel partners in 800 cities globally. Greater scale is expected to accelerate growth in both companies, which have been growing at around 20% per annum in recent years.
Terry
Accenture Federal Services (AFS) has completed its acquisition of Agilex Technologies, Inc (Agilex), a provider of digital solutions for the US federal government.
The acquisition, first announced on 9 February, 2015, advances AFS’s ability to help clients harness the power of emerging digital technologies and enable rapid, predictable systems deployment for the federal government’s most complex challenges.
“Digital technologies are fundamentally changing the way that government organisations operate and interact with citizens, patients, employees, suppliers, partners and other stakeholders,” says David Moskovitz, Accenture Federal Services chief executive. “Combining the Agilex and AFS digital capabilities and agile methods accelerates our ability
The fortunes of European and US funds of hedge funds have become increasingly polarized over the past year, as the 2015 Preqin Global Hedge Fund Report found. In an extract from March’s edition of Preqin’s Hedge Fund Spotlight, we look at this trend and assess whether it is likely to persist in the longer term.
Funds of hedge funds have had a challenging road to recovery following the fallout of the global financial crisis and the events surrounding the Madoff scandal in 2008. The industry’s assets under management fell from a peak of USD1.2tn in December 2008 to USD948bn by
LFPI Gestion acquired Accolab, a group of eight clinical laboratories located in the area of Bordeaux, Lyon and in Spain.
For this acquisition, LFPI Gestion invests alongside Alain Dalléac, former CEO of Unilabs in France and renowned medical biologist. The new shareholders, with substantial financial resources allocated to this project, intend to pursue a dynamic build-up strategy partnering with additional medical biologists.
Alain Dalléac commented: “This project is a significant opportunity in the medical field with a special focus on patients’ needs and a high level of quality of service. The innovative environment of operational excellence in this level of
iCapital Network, an online marketplace providing qualified investors and their advisors with access to private equity fund managers, has hired Hannah Shaw Grove as Senior Vice President and Chief Marketing Officer.
Grove brings more than two decades of experience as a marketer, author, media personality, family office consultant, and highly-regarded private wealth strategist, making her the ideal candidate to help bring iCapital Network’s state-of-the-art platform and unique intelligence to the advisor and family office communities.
“We are thrilled that Hannah has joined our executive team as CMO. She is a true thought leader with proven experience creating and implementing innovative
Victory Park Capital (VPC) has completed a preferred equity investment in KBP Foods (KBP), alongside existing management and Boathouse Capital.
KBP operates approximately 220 restaurants under the KFC, Taco Bell, and Long John Silver’s brands throughout the Midwest, South, and Southeast. Through a series of acquisitions, KBP management has grown the business from just five restaurants in 1999, and has consistently demonstrated brand-leading financial and operational performance. The current management team will continue to execute on KBP’s strategy of acquiring and improving operations of franchised restaurants.
“VPC is excited to partner with and invest alongside KBP’s best-in-class management team,”
HIG European Capital Partners (HIG Europe) has acquired Monal Group through its Spanish-based portfolio company Tres60 Servicios Audiovisuales.
The acquisition, which will result in the creation of an entity generating sales of nearly 100 million euros, was successfully executed by the French and Spanish offices of HIG Europe, supported by Monal Group’s management team and by its founding shareholder, Denis Auboyer.
Tres60, a leader in providing comprehensive technical services and equipment for audio-visual production, post-production and advertising, broadcasting television channels and live events, is a major player in the Spanish market. The Monal Group offers its customers recognised technical expertise
Capitala Group, a leading provider of financial solutions for lower and traditional middle-market companies, is pleased to announce the final closing of its fourth private equity fund, CapitalSouth SBIC Fund IV.
The fund exceeded its initial target thanks to strong support from existing investors and new commitments from other leading institutional investors including public and private pensions, fund of funds and family offices.
“We are excited to announce the final close of the Growth Fund,” says Joe Alala, Chairman and CEO. “We appreciate the interest expressed in the Fund by many long-standing relationships, as well new investors.”
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