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Arma Partners acted as exclusive financial advisor to IGEFI Group, a Summit Partners portfolio company, on its sale to Temenos Group, a software to financial institutions, in a EUR235 million deal.
Founded in 1995 and headquartered in Luxembourg, Multifonds provides software to financial services institutions globally, predominantly in the third-party fund administration market. The Company’s fully integrated platform allows fund administrators to perform key accounting functions such as intra-day valuations and end-of-day net asset value calculations as well as to support fund administrators in key investor servicing and transfer agency functions such as investor dealing and shareholder record keeping.
Private equity firm Agilitas’ portfolio company Recover Nordic has acquired Relita Industri och Skadeservice (Relita), one of the largest providers of damage control services in Sweden.
Terms of the transaction have not been disclosed.
Relita was founded by its CEO Torbjorn Borgstrom and Per Johnsson in 1996. As a result of this transaction, the current owners of Relita will become shareholders in the wider Recover Nordic business. Relita will continue to trade under its current brand name and Torbjorn Borgstrom will become Recover’s Head of Sweden.
Recover Nordic is the largest damage control provider in the Nordic region. Prior
Direct lending is set to become an established asset class in Europe, with robust growth estimates over the next 12 months, says Moody's Investors Service.
In a report summarising the views of keynote speakers and panelists at Moody's 2015 Asset Management Conference in London, the rating agency highlights that conditions for such growth has been aided by the regulatory environment and bank disintermediation following the 2008-09 financial crisis. Moody's also says that asset managers will continue to innovate and provide creative solutions for borrowers in the changed regulatory landscape.
"We expect the rise of shadow banking to continue in 2015
Patina Rail, a consortium comprising Caisse de dépôt et placement du Québec (CDPQ) and Hermes Infrastructure, is to acquire a 40% shareholding in Eurostar International Limited from the UK Government.
CDPQ and Hermes Infrastructure intend to own 30% and 10% of Eurostar respectively. Eurostar’s other shareholders will comprise Société Nationale des Chemins de Fer Français (SNCF) (55%) and Société Nationale des Chemins de Fer Belges (SNCB) (5%).
Completion of the transaction remains conditional upon SNCF receiving clearance from the European Commission under the EU Merger Regulation and the transaction receiving clearance from the German Federal Cartel Office. SNCF and
Private equity backed senior executive recruitment firm, Rowan Group has exceeded its GBP1m turnover target to year-ending December 31 2014.
The company is planning to appoint up to 10 new staff in 2015 to support further growth.
In the last year the company, which operates through its Rowan Finance and Rowan Partners divisions, invested GBP250k in a new Spinningfields operation, expanded its North West presence with a new office in Chorley, Lancashire and grew its staff to 14 people from seven.
Within the 12 months the company placed over 85 professionals, of which 30 joined ambitious SMEs and private equity
Hogan Lovells has advised Ovivo on the sale of its United Kingdom municipal division to Jacopa Limited, a company owned by some members of the local management team.
The transaction completed on 27 February 2015.
This transaction forms part of Ovivo Inc.'s wider strategy to restructure its operations to enable it to focus exclusively on core water treatment markets, namely the Electronics, the Municipal in North America and the Energy water treatment markets. This transaction enabled Ovivo Inc. to divest its non-core municipal water treatment business in the UK.
The Hogan Lovells team advising Ovivo Inc. on the sale
The German financial regulator (BaFin) has recently adopted a reciprocal private placement policy whereby German funds not within scope of AIFMD are allowed to be privately placed into other EU member states, with corresponding funds from EU member states allowed to be privately placed into Germany on an expedited basis.
Hassans has taken a leading role in the drafting of a new private placement regime for Gibraltar, in part to satisfy BaFin’s requirements to gain reciprocal rights, and has acted for the first Gibraltar fund to gain approval from BaFin to privately place into Germany on a reciprocal rights basis.
RCM Alternatives is to join forces with Attain Capital Management, acquiring its fund offerings, education, research and database assets while bringing its principals and employees under the RCM umbrella.
The transaction is expected to close in the first week of March.
Both Chicago-based companies specialise in pairing high net-worth individuals, investment advisors, and institutional investors with commodity-focused managed futures investments through separately managed accounts and private funds. The combination of these leading companies in the managed futures space underscores the growing demand for access to alternative investments that can work as a hedge against market volatility and provide diversification through
First Derivatives (FD), a provider of software and consulting services, has appointed Virginia Gambale to the Board of the Company as a Non-Executive Director with immediate effect.
A US citizen, Gambale has extensive experience as an enterprise technology buyer in capital markets, a technology venture capital partner and an independent director across diverse industry sectors.
Gambale is managing partner of Azimuth Partners LLC, which assists in the development of strategies for growth, innovation and international expansion. In this role she has helped to scale international businesses, including Piper Jaffray, Infonic AG, Knoa Software, Workbrain and IQ Financial SystePrior to forming
Independent corporate, fund and private client services provider JTC has appointed Will Cameron (pictured) in a Director role as the Head of the firm’s Fareham office
which is an operational centre for some of the Group’s client administration, accountancy and corporate secretarial services.
Cameron joined JTC in 2015 from Saltgate (UK) Limited where he worked as a Director of Client Services with responsibility for all accounting and administration deliverables. Prior to this, he was with the Capita Financial Group working in their Fund Administration division with a specific focus on the real estate sector.
In heading up the management of
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