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Harris Williams & Co has advised TA Associates on its acquisition of a majority interest in Access Technology Group (Access), a business management software company.
Harris Williams & Co is acting as the exclusive financial advisor to TA Associates. The pending transaction, which is expected to close by the end of January 2015, is being led by Thierry Monjauze and Jonathan Organ from Harris Williams & Co’s Technology, Media & Telecom (TMT) Group in London.
“Access is a high quality business which has demonstrated outstanding and consistent organic and acquisitive growth driven by its ability to deliver premium, end-to-end ERP
Preqin has launched its 2015 Preqin Global Alternatives Reports, revealing significant growth in assets held by private equity, hedge fund, private debt, real estate and infrastructure fund managers. Total industry assets now stand at USD6.91tn*, up from USD6.22tn as of this point last year.
From their conversations with investors, Preqin believes the majority remain confident in the ability of alternative assets to help achieve portfolio objectives. Indeed, across all asset classes a much larger proportion of investors plan to increase their exposure rather than cut back their allocations to alternatives.
The 2015 Preqin Private Equity & Venture Capital Report provides
Consumer finance technology group Kreditech Group has secured a USD200 million credit facility from Victory Park Capital, an asset management firm focused on middle market debt and equity investments based in the United States.
The investment reflects investors’ confidence in its big data credit-scoring technology and its data platform to serve the estimated 4.0 billion unbanked and underbanked individuals worldwide. It is the largest credit facility in B2C fintech outside the US to date.
The funding strengthens Kreditech’s position as a leader in the consumer finance technology market. The Group will use the new financing to continue its rapid
Law firm Noerr has advised Augusta Technologie AG (Munich) on a squeeze-out under merger law. At an extraordinary general meeting of Augusta, the transfer of the shares of the minority shareholders to the main shareholder TKH Technologie Deutschland AG was approved with reasonable cash compensation.
The squeeze-out and the merger of Augusta into TKH will become effective on entry in the Commercial Register.
Noerr’s team was led by Dr Michael Brellochs and Dr Tobias Bürgers. The law firm acted for Augusta regularly in recent years and advised the company throughout the entire takeover process by the TKH Group in 2012.
Guernsey has more non-UK entities listed on the London Stock Exchange (LSE) than any other jurisdiction globally, according to new figures from the market authority.
LSE data shows that at the end of December 2014 there were 122 Guernsey-incorporated entities listed on the Main Market, the Alternative Investment Market (AIM) and the Specialist Fund Market (SFM).
This is significantly more non-UK entities than any other jurisdiction, with Guernsey trailed by Jersey (92), Isle of Man (54), Ireland (53), Cayman (50), BVI (44), Bermuda (41), Russia (33), US (32) and India (31).
Guernsey added 13 new entities to the LSE
Evercore has appointed Steven C Todrys as a Senior Advisor in the firm’s investment banking business with a focus on transactional tax and structuring solutions.
He will be based in Evercore’s office in New York.
Todrys was most recently a partner at the law firm of Simpson Thacher & Bartlett LLP, where he had served as the head of the firm’s tax practice. There, he provided tax advice on many significant and complex transactions, including the sale by Vodafone of its indirect interest in Verizon Wireless, the split-off of Mosaic from Cargill, the acquisition by Mars of Wrigley, the sale
Bloomsbury Publishing has acquired Osprey Publishing Ltd, the Oxford-based military and natural history publisher, from private equity investor Alcuin Capital Partners LLP.
The Osprey group consists of Osprey Military, Heritage and Custom Publishing, and British Wildlife Press. Osprey Military is the world's best known military history brand, publishing titles with international appeal that cover history from ancient times to the modern day.
The Military division is the largest part of Osprey, with a significant subscriber database. Osprey owns the copyright over the majority of its titles and over 50 per cent of its revenue is generated outside the UK –
EV Group-backed Rowan Group has added to its new Lancashire team with the appointment of Sarah Cottam as Senior Consultant.
Cttam, who joins from SF Group where she held the title of Recruitment Consultant, will primarily be responsible for placing newly qualified ACA, ACCA and CIMA accountants through to Financial Controller roles for the senior financial recruitment division, Rowan Finance.
The Manchester headquartered business, which opened the new office in Chorley in September, reports that under the leadership of Associate Director, Carl Meyler there has already been several key placements for ambitious SMEs across the Lancashire region.
Paul Waite, Director
The Greater Manchester Pension Fund (GMPF) and the London Pensions Fund Authority (LPFA) are to make a joint allocation of up to GBP500m to invest in infrastructure opportunities.
The agreement is a significant step for both GMPF and LPFA. It allows the funds to increase their investment in infrastructure, deliver long-term returns that match their liabilities and provide much needed investment in major UK infrastructure projects.
Over the next three or four years, the pension funds will seek to make investments and hold them over the appropriate period for each individual investment. They will use their local presence in
KKR has acquired Trainline, the UK’s online platform for selling rail tickets to both consumers and businesses.
Trainline is the most downloaded travel app in the UK and its website ranks 5th by gross transaction value in the UK e-commerce sector. The company has 4.7m active customers, 20.8m visits per month and operates platforms for both consumers and businesses. Trainline is licensed to sell rail tickets on behalf of all UK Train Operating Companies, Deutsche Bahn and Trenitalia.
Doug McCallum, Chairman of Trainline, says: “Our vision is to transform Trainline into a leading international ecommerce platform and an indispensable partner
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