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The Bahamas is taking steps in the right direction to raise its profile as an attractive funds centre. To succeed as an international funds centre requires not just a proactive regulator but a willingness to respond to the changing needs of the market and develop new products accordingly.
In that regard, The Bahamas ticks many boxes. It is the first independent country in the region with IOSCO “A” Status, which it received on December 27, 2012. It continues to build out the SMART Fund model template to provide a range of solutions for investment managers. This flexible product range, whose
The Russian Direct Investment Fund (RDIF) has acted as a lead anchor investor in the USD225 million SPO of Lenta Ltd, one of the largest and most successful retail chains in Russia.
In its role, RDIF was joined by its co-investors and partners from the Middle East, Asia and Europe alongside other investors to support growth and development of Lenta in Russia.
The RDIF participated in an accelerated book build placement of global depositary receipts representing newly issued shares in Lenta Ltd. The proceeds significantly strengthened the Company’s balance sheet and will facilitate its rapid store expansion program across Russia.
Baird Capital’s UK private equity group has acquired a majority interest in Clearwater Group, a provider of water treatment, hygiene, engineering and pump services to customers across the UK.
As part of the transaction, Baird Capital Managing Director, James Benfield will join the Clearwater board of directors.
Headquartered in Camberley, Surrey, Clearwater provides water solutions and services to estate owners and facilities managers across variety of sectors, including food and beverage, pharmaceutical, industrial and the public sector. The business was founded in 1990 by the CEO Guy Rowley and has grown its operations across the UK and Ireland as
The majority of institutional investors actively consider ESG criteria when making alternative investment allocations, according to a survey by LGT Capital Partners and Mercer.
The survey of 97 institutional investors in 22 countries, also found that most believe ESG improves risk-adjusted returns and is an important aspect of risk and reputation management. Titled “Global Insights on ESG in Alternative Investing,” the research focuses on why and how institutional investors incorporate ESG considerations in alternative asset classes.
According to the survey, ESG factors are actively considered by a large majority of institutions investing in alternative assets. More than three-quarters of respondents
Private equity firm OpenGate Capital has completed the sale of Kotkamills Oy, to MB Funds, an independent Finnish private equity firm focused on acquisitions in the Nordic market.
Kotkamills, located in Kotka, Finland, is a manufacturer of specialty papers and wood-based products. Financial terms were not disclosed.
Acquired from Stora Enso in July of 2010, Kotkamills represents one of the most complex carve-out and transitions for OpenGate Capital to date. At acquisition, OpenGate launched its operations plan to consolidate Kotkamills’ five legal entities into a single business and establish entirely new IT, HR, treasury, finance, procurement, sales and logistics processes,
The private debt industry has more than tripled in size since 2006, with assets under management (AUM) increasing from USD152bn to USD465bn as of June 2014. Ryan Flanders, Executive Editor of the newly released 2015 Preqin Global Private Debt Report, examines the growth of the asset class.
The global private debt market, also referred to as the alternative or non-bank lending industry, is fast approaching USD500bn in AUM. The industry has seen steady growth over recent years, spurred on by the growing opportunity of providing private companies with debt financing in the face of bank regulation. One of the
Atlas Holdings has completed the sale of Olympic Panel Products to Swanson Group Manufacturing LLC, a Pacific Northwest forest products company.
Located in Shelton, Washington, Olympic Panel is a subsidiary of New Wood Resources, and is the largest overlay plywood manufacturer in North America.
"With our lease expiring next year, we needed to make a strategic, long-term decision and concluded that this transaction is the right step at this time," says Kurt Liebich, CEO of New Wood Resources, which owns Olympic Panel. "While Swanson’s new facility in Springfield will eventually be the place where Olympic’s products are made, nothing with
P Schoenfeld Asset Management (PSAM) has submitted two resolutions on behalf of select clients who own 7,500,000 shares of Vivendi , to the company’s Management Board for inclusion on the agenda of the Company's Combined General Meeting to be held on 17 April, 2015.
PSAM's clients also own 3,189,281 additional shares of Vivendi. In aggregate, the shares have a market valuation of approximately EUR236,821,000 as of market-close on Friday, 20 March, 2015. PSAM has been a Vivendi shareholder since July 2012.
PSAM believes that Vivendi is significantly undervalued due to its excessive cash holdings, inadequate capital return policy and
Intralinks Holdings has launched Intralinks Dealmanager which is aiming to improve corporate development teams’ capacity and ability to evaluate deals properly by giving them a centralised place to manage deal processes, assign tasks, and report on deal progress.
For decades, corporate development professionals have had to rely on manual procedures and traditional, disparate tools such as spreadsheets, Microsoft Word documents, email, and multiple shared drives to manage portfolios of complex transactions. Not only has the process been cumbersome, it has also introduced a high degree of data security risk.
“Corporate development practices have been long overdue for an overhaul,”
Highland Capital Management has launched Highland Alternative Investors, an alternative investment platform that will encompass all of Highland’s existing non-traditional, liquid alternative funds.
Michael Gregory will oversee the new platform as Global Head and CIO of Highland Alternative Investors.
“Highland has been offering investors access to liquid alternative solutions for over a decade,” says Mark Okada, co-Founder & CIO of Highland Capital Management. “The introduction of this platform will further strengthen our offerings and ability to drive results as well as allow Highland to better offer customised solutions across portfolios to investors.”
In addition to his new role, Michael Gregory
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