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Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has opened a new office in Los Angeles to cater for demand for its AbacusFLEX private cloud solution.
The company achieved a record year in 2014, winning 60 new clients, and sees continued momentum in 2015.
The increased demand for Abacus Group’s private cloud solution is due to a significant interest in managed services and hosted solutions from the financial services industry with both established financial institutions and up-and-coming startup funds. These clients have selected Abacus Group to achieve a scalable, flexible and robust
Nordic Capital Fund VII has expanded its footprint in the sports market with the add-on acquisition of leading e-commerce football company Unisport.
The Unisport brand will operate alongside SPORTMASTER which was acquired in 2012. The two companies have an excellent strategic fit and a platform for further expansion both in stores and online, in the Nordics and internationally.
Unisport’s e-commerce platform is dedicated to football obsessed consumers providing in-house produced football related content. Unisport’s concept has gained a market-leading position in Denmark with emerging strongholds through recent successful market entries into Sweden, Norway, Finland and the Netherlands. Nordic Capital
European private equity firm Cinven is to acquire Premium Credit Limited, the UK specialty finance provider, for an enterprise value of GBP462 million.
Premium Credit plays an important part in the UK economy enabling businesses and individuals to spread the cost of their insurance premiums and other essential purchases. It also provides financing for the payment of annual fees such as professional fees, membership subscriptions, commercial service charges and school fees. In 2013, the Company achieved gross advances of GBP3.7 billion, processing 25.8 million transactions. Premium Credit has approximately two million customers and works with 4,000 intermediaries.
BlackFin Capital Partners is off to a strong start in raising its second Financial Services fund, securing EUR160 million, mostly from existing investors and on track to raise a total of EUR350 million.
On January 9th, BlackFin Capital Partners secured aggregate commitments in excess of EUR160 million for its BlackFin Financial Services Fund II, from European institutional investors and family-offices. This 1st Closing, comprised mostly of commitments from investors in BlackFin’s first fund, paves the way for a broader institutional fund-raise, with the target of reaching EUR350 million before year-end.
Laurent Bouyoux, Managing Partner of BlackFin Capital Partners, says: “We
Aquila Capital has acquired Norway’s second-largest operator of small-scale hydropower plants on behalf of institutional clients that include Dutch pension fund ABP and German insurance companies.
The terms of the investment have not been disclosed.
Aquila Capital has completed the acquisition of Norsk Grønnkraft AS, an operator of 33 small-scale facilities located in central and southern Norway, from owners Akershus Energi, Energiselskapet Buskerud, E-CO Energi and Østfold Energi.
Oldrik Verloop, Co-Head of Hydropower at Aquila Capital, says: “This is one of the largest acquisitions of a small-scale Norwegian operator and shows how Aquila Capital has established a hydropower platform of
Blackstone has invested in Market Data Insights LLC (MDI), a services firm that specialises in providing market data management solutions to financial services firms.
MDI’s business model for the delivery of market data management solutions addresses many of the shortcomings of traditional approaches. MDI’s solutions are delivered by people with a deep understanding of market data products and client needs. By requiring short term commitments, MDI simplifies the buying decision and is able to identify savings for many clients that offset the cost of their outsourced service.
William Murphy, Chief Technology Officer at Blackstone, says: “We have worked with Market
Access Power MEA and ERE have launched Access Infra Africa, a vehicle that will be dedicated to investing in the early stage development of power projects in Africa.
Access Infra Africa will be the largest privately funded vehicle of its kind. The partners intend to implement an ambitious development plan leading to the realisation of a portfolio of power assets in Africa worth over 500 million US Dollars.
Under the agreement, EREN will acquire a strategic equity stake in Access and a seat at the board of Access.
David Corchia, CEO of EREN Développement, says: “Access Infra Africa
Morgan Creek Capital Management has appointed Michael Forstl as a Managing Director and Head of Intermediary Distribution.
In his new role, Forstl will lead the firm's wealth management distribution efforts as well as designing new products that leverage Morgan Creek's unique approach to investing and asset management.
Forstl brings over 25 years of experience in the sale and distribution of a wide array of investment solutions. Most recently, he consulted for financial institutions on the development, launch and distribution of new and existing products. His efforts included working with UBS, BNY Mellon, Richard Bernstein Advisors, and ETF Global.
"When
Over half of infrastructure funds that closed in 2014 exceeded their fundraising target, up from 37% of funds in 2013. Andrew Moylan, Preqin’s Head of Real Assets Products, takes a look at infrastructure fundraising over the last 12 months:
The infrastructure fundraising market in 2014 saw a slight drop in total capital raised, from USD44bn in 2013 to USD38bn in 2014. Yet a more significant drop was seen in the number of funds reaching a final close; 2013 saw 69 funds reach a final close, compared to just 42 funds in 2014. As such, the average infrastructure fund size has
Omnes Capital has supported Eratome in its buildup strategy with the acquisition of TPM (Travaux Publics et Maintenance), a company specialising in public exterior works
Eratome Group, a specialist in the repair and maintenance of social housing in the Ile-de-France region, continues its buildup strategy with the acquisition of TPM (Travaux Publics et Maintenance). Omnes Capital has supported Eratome since July 2013.
Initially specialised in the full-service renovation of social housing, Eratome acquired DSM in 2012 and then Profil in 2013. These transactions have given the group a foothold in locksmithing and major repairs and maintenance work, mainly in
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