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Five Continents Financial Limited, a Cayman Islands-based asset management and corporate services company, has launched its governance services offering, which will be headed by former Deloitte partner Glen Wigney.
Wigney has over 30 years of experience with Deloitte in Canada, Cayman, and most recently, the US.
“Fund investors and investment managers are demanding enhanced fund governance with independent professional judgment applied in a business-like manner,” he says. “I believe that when my experience is combined with the asset management, corporate and legal expertise of the founding partners of Five Continents, our offering is differentiated in the marketplace and is
Quantum Capital Partners, founded by turnaround specialist Steffen Görig, has held a first and final close for its inaugural private equity fund after less than nine months of fundraising.
The limited partners of the oversubscribed EUR55 million Quantum Opportunity Fund are a select group of US and European institutional investors. The Quantum team members have also made a significant personal commitment to the fund.
Based in Munich, Quantum Capital Partners invests in underperforming companies in a broad spectrum of industries, offering turnaround finance as well as operational support. Managing its own capital since 2008, Quantum has built a strong
Investments by private equity (PE) firms in the European, Middle East and Africa (EMEA) region slowed in the second quarter of 2014 compared with the same period last year, according to S&P Capital IQ.
In the latest issue of its quarterly report, EMEA Private Equity Market Snapshot, S&P Capital IQ notes that firms based in EMEA made 1,157 new investments totalling EUR19.8bn in Q2 2014 – 30.7 per cent less than the EUR28.6bn deployed in Q2 2013.
EMEA general partners (GPs) also deployed less capital between January and August 2014, making 2,793 investments totalling EUR58.6bn compared to 3,007 new
UK peer-to-peer (P2P) lender RateSetter forged ahead in September, matching over GBP30m in loans.
The figure was the largest amount ever lent in a single month by any UK P2P lender, and continued a run of new record volumes for each of the last five months. This has helped RateSetter to secure the highest market share (19 per cent) of the platforms over the last three months.
Some GBP8m of this was in the first week of September alone. This compares with GBP7.4m lent in the first 12 months of operation.
Although P2P lending is a relatively recent
Dragon Capital Group, a Vietnam-based private equity fund management company, has made a partial exit from Vinamilk, the biggest dairy company in Vietnam.
Dragon Capital has realised part of the gains in its flagship holding with a 7x return.
“Vinamilk has performed exceptionally for both VEIL and VGF,” says VEIL portfolio manager Vu Huu Dien. “From an initial position of 10 per cent in both funds, Vinamilk has grew to over 33 per cent of VEIL and 40 per cent of VGF. Both funds have sold down several times, but Vinamik still accounts for over 15 per cent in
Mid-market private equity house LDC has completed a significant investment to support the GBP42 million management buy-out (MBO) of Eley Group from Birmingham-headquartered engineering business IMI plc.
Based in Sutton Coldfield, near Birmingham, Eley Group comprises two trading subsidiaries: Eley Limited (which includes Eley Americas Inc.) and Accles & Shelvoke.
Founded in 1828, Eley is a manufacturer of .22LR rounds for the target shooting market. Its products are used in target shooting by Olympic standard athletes at all major global tournaments.
The deal with LDC will provide further capital to help accelerate the continuing growth of Eley Group,
Tungsten Corporation, the global electronic trading network, has acquired DocuSphere, a provider of accounts payable automation solutions.
The acquisition, which was completed in September 2014, extends Tungsten’s invoice-automation technologies to help companies streamline their accounts payable functions, adhere to tax and regulatory compliance, and have greater transparency of the entire invoice-to-pay process.
The combined firm will enable companies to reduce invoice exceptions and increase straight-through processing.
Rick Hurwitz, CEO, Americas, Tungsten Network, says: “As a result of this acquisition, DocuSphere customers will gain access to Tungsten’s e-Invoicing network, Tungsten’s existing clients will benefit from an even more secure, smart
BNP Paribas Securities Services is to act as depositary bank for the Antin Infrastructure Partners II fund, in accordance with the Alternative Investment Fund Managers Directive (AIFMD).
BNP Paribas was appointed as depositary bank for the original Antin Infrastructure Partners fund.
Alain Rauscher, president directeur général of Antin Infrastructure Partners, says: “We were looking for a reliable partner, an expert on investment vehicles across different legal frameworks. The international dimension of BNP Paribas Securities Services was therefore a decisive element for us. We have complete confidence in the bank’s teams, which have provided us with first class support to ensure
TVM Capital Life Science has held the final closing of its latest fund, TVM Life Science Ventures VII, raising more than USD200 million from a broad mix of investors including Teralys Capital and Eli Lilly and Company.
Other investors include the Business Development Bank of Canada, the Minnesota Life Insurance Company, CD Venture and FondAction. The fund also attracted significant investment from other pharmaceutical companies such as Bukwang Pharma of South Korea.
TVM Life Science Ventures VII is a collaboration between TVM Capital Life Science and industry to finance and access innovation, in addition to being a way to
The US initial public offering (IPO) market continued to demonstrate significant investor interest in IPOs in the third quarter of 2014.
While the volume of IPOs slightly declined, proceeds reached USD38.1 billion, and the pace of companies entering the IPO registration process continued to exceed prior year levels, according to IPO Watch, a quarterly survey by PwC US of IPOs listed on US stock exchanges.
Interest in new equity issues remains healthy heading into the fourth quarter, although investors have become more cautious as they evaluate various global macroeconomic and geopolitical issues.
According to PwC, there were 68
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