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eFront, a software provider of financial solutions for managing alternative investments, has extended its partnership with international technology consulting firm Methys, naming it the integrator for all eFront solutions in Africa.
The two companies will build on the partnership’s successes implementing eFront solutions throughout Africa to bring regional customers technologies, market leadership, local expertise, hosting and value-added services.
eFront began its partnership with South Africa-based Methys in 2012 and, during that time, the two companies have collaborated on seven projects in South Africa and throughout the continent.
“eFront and Methys have a long professional history together, based on
Paul Hastings has advised ActivumSG Capital Management on the acquisition financing of formart, the second largest residential real estate developer in Germany, from Hochtief Solutions.
ActivumSG Capital Management is a European fund manager that invests in niche opportunities in real estate related sectors by identifying high quality, but undervalued assets with unrealised potential.
formart is one of Germany’s largest real estate developers in major metropolitan areas. The company designs, builds and sells residential real estate projects for private clients and institutional investor and has, at present, a pipeline of around 70 projects with a volume of approximately EUR1.3 billion.
Pershing Square Holdings (PSH), a closed end fund that is an active investor and owner of large minority stakes in North American, large-capitalisation public companies, has listed on Euronext’s Amsterdam market.
PSH was listed through the admission to trading of 250,253,351 public shares on Euronext Amsterdam.
The admission of these shares follows a USD2,73 billion placement of new shares issued by Pershing Square Holdings Ltd to non-US institutional and professional investors. The placement may raise capital of up to USD3 billion if the over-allotment option is exercised. The admission and issue price of Pershing Square Holdings Ltd shares was set
Simplestream, a provider of ‘Over the Top’ (OTT) live streaming services for broadcast TV channels, has secured substantial funding from Beringea, the manager of the ProVen VCTs.
The investment will accelerate the expansion of TVPlayer, Simplestream’s B2C live TV streaming service, and facilitate the addition of more channel packs and multi-channel catch-up functionality.
TVPlayer is a live TV aggregator of more than 45 free-to-air channels, enabling consumers to watch their favourite channels in one place. Consumers go to tvplayer.com or download the free TVPlayer app from the Apple, Google or Amazon app store. In addition to streaming channels from
Lending Works, a peer-to-peer lender, has appointed Michael Raasch as its first head of technology.
With 20 years’ project development and management experience in the financial technology industry, Raasch will hold overall responsibility for Lending Works’ online and mobile IT development strategy.
Nick Harding, founding chief executive of Lending Works, says: “In the last few months, we have seen Lending Works transform as a business, from a start-up finding its feet to a genuine competitor to our largest peers. At this important stage in our growth, I am delighted that Michael has agreed to join us. Michael will be
Jean Châtillon has joined European private equity firm Silverfleet Capital in Paris as a principal, while Benjamin Hubner and Jennifer Regehr have joined the firm in Munich as associates.
Châtillon joins from Cobalt Capital, a Paris-based private equity firm, where he has been investing in mid-market French companies for the last seven years. Prior to joining Cobalt he worked for EY in Paris in the audit and transaction services business units.
Hubner joins from McKinsey & Company in Munich where he has worked on consulting projects across a wide range of sectors since 2010.
Regehr was previously at
Europe’s executives are more bullish about the European M&A outlook than they were a year ago, according to the second edition of the European M&A Outlook by Mergermarket in association with CMS.
Of the 225 Europe-based corporate executives surveyed, 76 per cent expect that dealmaking will increase or increase greatly, a 28 percentage point increase from last year’s study.
Attitudes about Europe’s economic recovery have improved significantly and the majority believe that the worst is behind us.
Thomas Meyding, head of CMS Corporate Group, says: “Our report echoes the sentiment of increasing market confidence as evidenced by the
Investment advisory firm bfinance has appointed Justin Preston as a senior associate for equities research with the firm’s public markets research team in London.
Preston previously worked for the Abu Dhabi Investment Authority (ADIA) as an investment manager for four years.
He was most recently UK head of manager research & selection at Buck Global Investment Advisors.
Chris Jones, managing director, head of public markets & alternatives at bfinance, says: "Justin's background as a Head of Research within an investment consultancy is complemented by his experience of actually managing portfolios on a day-to-day basis for a major institutional
The Ontario Teachers’ Pension Plan has agreed to acquire Bridon Limited, a manufacturer of wire rope, from Melrose Industries.
The transaction, led by Teachers’ Private Capital (TPC), values UK-based Bridon at GBP365 million (approximately USD656 million), subject to customary adjustments, and is expected to close by the end of 2014 (subject to receipt of required regulatory approvals).
Headquartered in Doncaster, Bridon operates manufacturing units worldwide, along with technical and sales offices, supported by a global network of agents and distributors. The company’s mission-critical products provide solutions to technically demanding challenges in industrial, mining, oil and gas extraction, marine and
Blackstone’s board of directors has approved a plan to spin off its financial and strategic advisory services, restructuring and reorganisation advisory services and its Park Hill fund placement businesses.
The businesses will be combined with PJT Partners, an independent financial advisory firm founded by Paul J Taubman (pictured). The parties expect the transaction to close in 2015.
The new entity will be an independent, publicly traded company, which will be led by Taubman as chairman and chief executive officer. Prior to founding PJT Partners, Taubman spent 30 years at Morgan Stanley where he served as co-president of the institutional
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