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977 private equity funds held a final close throughout the year raising a total of USD486bn, higher than any annual amount between 2009 and 2012, and on track to match the 2013 total. Preqin’s Christopher Elvin (pictured) reviews a year of private equity fundraising:
Investor appetite for private equity remained strong throughout 2014, with the amount of capital raised by fund managers on a par with the last couple of years. It is likely that the figure will match the amount of capital raised in 2013 (USD531bn), as Preqin expects the 2014 fundraising figure to increase by 10-20% as more information
Kleinwort Benson has recruited Susan McCabe into its Corporate Secretarial team in Jersey.
McCabe has over 30 years’ experience in financial services and has held a number of senior investment management and corporate secretarial positions. She is a Chartered Fellow of the Securities and Investment Institute and holds the IOD Diploma in Company Direction as well as a Graduate Diploma in Law and the Legal Practice Course. Notably McCabe was the first female President of the Securities and Investments Institute (Jersey Branch).
Adam Moorshead, Kleinwort Benson’s Head of Fund Administration, says: “Susan’s experience, qualifications and track record will be a
Ignorance surrounding crowdfunding, combined with huge public aversion to risk, is holding back investment in SMEs, according to research by P2P lender ArchOver.
Aillingness to invest increases significantly however, when such crowdfunded loans are protected by added security.
A key reason for public caution and risk aversion is that 61% of participants save mainly for future security, either for themselves, their children or future home improvements, rather than for luxuries such as a holiday or an expensive car (38%).
Brian Basham, Executive Chairman of ArchOver, says: “Crowdfunding is growing as a source of funds for small business but public
Woodford Investment Management (Woodford IM) has invested GBP5.0 million (gross) in a private placement in NovaBiotics.
“This investment validates our model and the hard work that has been done by Deborah and her team over the last 10 years. We are delighted to welcome Woodford IM as a significant investor and, together, we are aligned and excited about the next phase of development of the Company.”
The funds will provide working capital to enable NovaBiotics to achieve key value enhancing milestones in the short to mid-term. The priority for the business is driving forward the Company’s clinical stage, first-in-class antimicrobial
Jamieson Corporate Finance has advised the shareholders of Honest Burgers on the sale of a significant stake to Active Private Equity (Active).
Honest Burgers, the London-based premium burger restaurant, was founded by Dorian Waite, Tom Barton and Philip Eeles in 2011 in a market traditionally dominated by innovative independent restaurants. The Jamieson team, which consisted of Stuart Coventry, David Kirkpatrick and Jean Pierre Smith, advised the founders on the sale of a 50 per cent holding to Active.
As part of the deal, the three founders will retain holdings in Honest Burgers and will continue to run the successful
Private equity firm Maven Capital Partners (Maven) has invested a further GBP2.2 million to support current investee company Crawford Scientific’s acquisition of Hall Analytical Laboratories (Hall).
Maven originally completed a GBP3.9 million investment in Crawford in August 2014 and from the outset pinpointed the provision of analytical services as a key element of Crawford’s long-term growth strategy. Hall and Crawford have a strong existing partnership and there is significant potential for Crawford to utilise its successful sales and marketing capabilities to develop and promote the Hall brand and offering.
Established in 1985, Crawford provides scientific products and technical services to
Raney & Associates has expanded its service offering to include revenue integration strategies targeting emerging market private equity portfolios.
"Given the range of our capabilities, which includes deal origination, cross functional team management, brand awareness, total shareholder returns and corporate governance, the new service offering for this target market seems like a perfect fit with our proactive alternative investor relation (ProAltIR) solutions," says founder George Raney.
"We've noted in excess of 150 multinational corporations expanding their US corporate development deal teams in 2014, including the Industrial Commercial Bank of China. In virtually every industry there appears to be abundant opportunities
TA Associates is to acquire a majority interest in Access Technology Group (Access), a leading business management software company.
TA will acquire its stake from Lyceum Capital, a growth investor. Financial terms of the transaction, which is expected to close later this month, were not disclosed.
Access’s software covers finance, HR and payroll, business intelligence, supply chain, CRM and warehousing, and can be deployed in the cloud, in a hosted environment or on-site. The company’s applications help over 6,000 customers – including some of the most innovative and rapidly-growing enterprises in the UK – achieve operational excellence. Colchester-based Access Group
Miura Consulting’s ARAN solution is now supporting Fund clients with an automated “plug-and-play” AIFMD submission service.
ARAN was designed to eliminate the complexity and resource intensity of completing a manual submission and to reduce the cost of implementing an automated solution.
The Alternative Investment Fund Management Directive (AIFMD) is the latest stringent regulatory reporting requirement, aimed to deliver transparency to the hedge fund and asset management industries. As many Hedge funds are completing their first fund submission this month, Miura has been working with the industry to provide a comprehensive but efficient solution, which quickly imports and maps fund administration
Funds advised by Syntaxis Capital, a provider of mezzanine finance in Central Europe, has completed the firm’s first Turkish investment, a recapitalisation and growth financing for Uğurlu Cam, a specialised glass products manufacturer.
Privately owned Uğurlu Cam was founded in 1971 in Denizli, Turkey, and quickly grew to become one of the largest manufacturers of car glass for the replacement market in Turkey, and also a key supplier to specialised OEMs for agricultural and construction vehicles. The EUR13.5 million mezzanine loan provided by Syntaxis funds will allow Uğurlu to augment the Company’s current credit facilities and provide flexible funding for
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