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Hall Capital has created an investor relations office to provide a focal point of communications and services for investors in the firm’s various private equity, automotive, real est
By Adrian Jones (pictured) corporate partner, and Roger Clarke, banking and finance partner, at law firm Trowers & Hamlins – Distressed loan portfolios secured by property assets have proved an attractive investment class for private equity investors. In its June 2014 Financial Stability Report[1] the Bank of England noted that UK banks non-performing loans stood at around GBP165 billion in 2013. It is perhaps unlikely that the level of non-performing loans will decline significantly once interest rates start to rise and more bank borrowers fall into default and therefore the supply looks likely to continue for some time.
Why buy such assets?
Over a period of three years to March 2014, venture capital funds have produced average returns of 12.7%, on par with the “All Private Equity” benchmark over the same period, according to research by Preqin.
More capital was invested in companies by venture capital firms in Q2 2014 than in any other quarter, with USD23bn of funding across the quarter.
USD38bn has been raised by 220 venture capital funds reaching a final close in 2014 YTD (as at 14 October), already surpassing the USD31bn raised by 274 funds that closed in 2013.
More than half (56%) of venture
Kensington Capital Partners (Kensington) has launched the Kensington Venture Fund with an initial closing of investor commitments totalling CAD160 million.
This marks the next step in the Government of Canada's Venture Capital Action Plan (VCAP).
This new fund of funds will invest in promising VC funds and companies in the technology, cleantech, IT, telecommunications, and digital media sectors. The announcement will occur at the Canadian Innovation Exchange (CIX) today in Toronto.
Following an exhaustive review process, Kensington was selected to managethis large scale fund of funds. Kensington was chosen because of its financial performance in venture capital, the strength of
Bain Capital is combining three of its fresh food portfolio businesses – M&J Seafood, Pauleys and Wild Harvest – to form a new company, Fresh Direct.
The new company will be jointly owned by Bain Capital & Nigel Harris. Current Fresh Direct owners, Nigel & Colin Harris will continue to take an active role in the future success of the New Company.
The new Company will create an "all-in-one" fresh food destination for chefs and caterers, for their produce, fish and seafood, meat and exclusive fine dining product requirements.
The New Company and management team will be led
Over the next three years, 77 per cent of pension funds expect their appetite for investment risk to increase to enable them to meet long-term liabilities and deliver optimal value for members.
That’s according to a new report from State Street, which also reveals that one in five (20 per cent) of the asset owners surveyed expect their risk appetite to increase significantly during this period.
As part of this shift, pension funds intend to increase their exposure to alternatives. Some 60 per cent intend to increase their exposure to private equity, with the corresponding figures for real
New research conducted by Intralinks Holdings conducted in association with the Mergers and Acquisitions Research Centre (MARC) at Cass Business School, City University London, that identifies the relationships between M&A activity and shareholder value creation.
The study finds that companies significantly underperform the market during periods when they announce no M&A activity (whether acquisitions or divestments) and even more significantly underperform companies which are actively engaged in M&A. Contrary to most previous research studies, which have only focused on the impact of individual deals over shorter time periods, this study finds that companies outperform the market the more frequently they
Private equity investment firm CVC has strengthened its Nordic team with the appointment of Tomas Ekman as a Partner in the Stockholm office.
Most recently a Partner and Managing Director of 3i in the Nordic region, Ekman has over 20 years of experience of private equity and senior operational executive roles.
Ekman joins CVC at a time when the Nordic team has been active with a number of successful transactions, notably the recent investments in Paroc, Synsam and Ahsell as well as the IPO of Matas.
Søren Vestergaard-Poulsen, Managing Partner, CVC, says: "We are delighted to welcome Tomas
ArchOver, a FinTech company offering secured and insured loans to investors, has formed a partnership with online private shares marketplace, Asset Match to provide a secondary marketplace for its loans.
This is the first time Asset Match has partnered with a crowdlender.
ArchOver’s CEO, Angus Dent, says: “We believe that the loans we offer are the safest on the Internet worldwide; certainly, they are as close to zero risk as we can make them but none of us know when we might need access to money we have saved. Our partnership with Asset Match gives our lenders the potential
Dutch pension fund ABP has acquired a 33% stake in Norwegian plant operator Tinfos AS from French mining and metallurgical group ERAMET.
The transactions was completed via the EUR500 million hydropower partnership between ABP’s asset manager APG Asset Management and alternative investments manager Aquila Capital.
Tinfos operates two large-scale and nine small-scale run of river hydropower production facilities in Norway producing a mean annual production of about 279 GWh. Through Tinfos the APG/Aquila partnership will invest in the construction of additional Norwegian hydropower plants to more than double the company’s annual production to around 600 GWh by 2020. The majority
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