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Saionton Basu has joined corporate practice group at Duane Morris as a partner.
Based in London, Basu further strengthens Duane Morris' growing corporate practice, particularly with regard to international matters.
Basu joins Duane Morris from Penningtons Manches, where he was co-head of the firm's India practice.
Basu advises international clients who are active in India, including banks, corporations, foreign governments and financial institutions, as well as Indian companies doing business in the UK and Europe. He is an experienced mergers, acquisitions and projects lawyer and advises on international corporate and commercial activities involving a wide range of industries
GEMCORP, a new financial firm focused on investments in emerging markets, is now open for business.
Atanas Bostandjiev, formerly a partner at Goldman Sachs and more recently UK and international CEO of VTB Capital, has been joined by group of experienced emerging markets investment professionals at GEMCORP.
The firm has so far raised USD500 million from European institutional investors with a lock-up period of five years.
Bostandjiev says: “We want to position ourselves as the access point for institutional investors when it comes to investing in emerging market sovereign and private sectors. We see a significant gap where
Frette, the international luxury linen and home furnishings business, has appointed Hervé Martin as chief executive with immediate effect.
The move follows the acquisition of a majority stake in Frette by Change Capital Partners, the pan-European private equity fund investing in retail and consumer goods companies.
Change Capital Partners will make a significant investment in Frette to enable it to reach its full growth potential.
Martin has built an extensive career in leading a number of international luxury and fashion brands. He is the former chief executive of Baccarat, the luxury crystal manufacturer, where he oversaw the firm’s
Domestic regulations in Europe are inhibiting the cross-border benefits of the European Commission’s Alternative Investment Fund Managers Directive (AIFMD), according to analysis by law firm CMS.
CMS has released a passporting guide to help Alternative Investment Fund Managers (AIFMs) navigate the new legislation and understand the complexities of cross-border fund management under AIFMD, other European directives and domestic regulations.
AIFMD, which came into force on 22 July 2014, promotes passporting rights as a key benefit for hedge, private equity, real estate and other alternative investment fund managers. In practice, however, AIFMs are experiencing impediments to passporting because some domestic
Glennmont Partners, an investment manager dedicated to clean energy in Europe, has commenced operation of the 38MW Sleaford straw-fired renewable energy plant.
The plant was built by a consortium of Burmeister & Wain Scandinavian Contractor A/S and Burmeister and Wain Energy A/S.
Glennmont purchased 100 per cent of the equity in the project in December 2011, and financed the construction through a debt package provided by NIBC Bank NV, RBS, Siemens Bank GmbH and Unicredit Bank AG.
Sleaford will generate enough electricity to power 65,000 homes as well as providing free heat to local sports clubs and community
Intralinks DealNexus, an online deal sourcing and marketing platforms for M&A professionals, has expanded its mobile application to include full access to and interaction with its exclusive, global community of approximately 10,000 dealmakers.
Additionally, Intralinks DealNexus has introduced a tablet version of the app for the iPad.
The new app takes the process of securely and discretely marketing and sourcing deals mobile, from start to finish.
“Intralinks DealNexus already enables Pitcher Partners to market deals to a global universe of potential buyers often giving the first connection between a broader range of global buyers and sellers,” says Nathan
One in five (21 per cent) small and medium sized businesses (SMEs) cite cash flow as a major challenge to growth, according to a new study by venture capital investor Albion Ventures.
Albion’s research shows that cash flow concerns are far higher among firms that are increasingly confident about the future and have attempted to raise finance for growth, suggesting that it is a problem of success rather than failure.
Underlining SME’s growth ambitions, a third (33 per cent) of businesses plan to raise finance in the next 12 months. Of these 27 per cent are targeting capital for
The British Private Equity & Venture Capital Association (BVCA) has appointed Richard Young to the new position of director, BVCA Manchester.
Young is a private equity and venture capital veteran of almost 30 years. Previously with 3i and then founder of The Manchester Technology Fund, Young joins from venture capital house Enterprise Ventures where he has been fund manager for the North West Fund for Venture Capital since 2010.
Young will begin the role from 1 November and operate from Manchester to promote the role of private equity and venture capital in the North of the UK, and enhance
Mid-market advisory firm Clearwater International completed 13 deals in two months over the summer, worth a combined value of GBP410m.
Five of the transactions have been led out of the UK.
The deals include advising on the sale of Burnt Tree, one of the UK's largest providers of commercial vehicle rental, to Enterprise Rent-A-Car; and the sale of out-of-home digital advertising firm Signature Outdoor to LDC-backed Ocean Outdoor.
The UK arm has also advised gym chain Gymbox on its GBP10m investment from Business Growth Fund.
The Danish part of Clearwater International has also enjoyed a busy period
Fuchs & Associés Group has been granted authorisation by the CSSF for Fuchs Asset Management SA, its Luxembourg-based super management company (Super ManCo).
Fuchs Asset Management SA, which was created on 10 June 2014, operates in accordance with Luxembourg’s laws on undertakings for collective investment schemes (UCITS) and the Alternative Investment Fund Managers Directive (AIFMD).
Fuchs Asset Management offers a wide range of services for investment funds within structures governed by the UCITS and AIFMD directives, including private equity and real estate funds, as well as structuring solutions, risk management and compliance and the relocation of funds. Fuchs Asset
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