Latest News
Agreement has been reached in principle for Guernsey fund administration firm Fund Corporation to be acquired by Brazilian emerging markets specialist Providence Financial, subject to regulatory approval.
All 10 Fund Corporation employees will join a newly-established Providence Financial Guernsey office.
Fund Corporation was founded in 2007 by the Trust Corporation Group and specialises in fund and investment administration across a wide range of asset classes and fund structures, particularly in assisting entrepreneurial clients looking to expand their operations with a proactive business partner.
Trust Corporation executive chairman and Fund Corporation director Michael Betley says: “Fund Corporation has worked
Private equity firm American Capital has sold its portfolio company BCCK Holdings, parent to Specialty Brands of America, to B&G Foods, a manufacturer, marketer and distributor of branded shelf-stable foods.
American Capital and its affiliated funds received USD93 million in equity proceeds and realised a gain of USD60 million from the transaction, subject to post-closing adjustments.
Of the total proceeds, American Capital received USD54 million in equity proceeds, realising a gain of USD35 million from the transaction, subject to post-closing adjustments.
American Capital also recognised USD20 million of dividend income and additional realised gains over the life of
The SMP Partners Group has expanded its global network with the opening of a representative office in Dubai.
The long-established trust and corporate service provider officially opened the doors of its new representative office in the United Arab Emirates on 24 April.
Alongside its presence in Dubai’s Emirates Tower, the group has offices in Zurich and Hong Kong, as well as its headquarters in the Isle of Man.
The SMP Partners Group of companies comprises the provision of trust and company services, a large accounting and tax practice, fund administration services and ancillary administrative services. Employing more than
Private equity firm Avista Capital Partners has formed a joint venture with SEACOR Tankers, an operator of a fleet of seven US-flag Jones Act vessels transporting crude oil, petroleum and specialty chemical products.
Under the terms of the joint venture, ACP III Tankers LLC, a wholly owned entity of Avista, will fund a portion of the equity required for the design and construction of three 50,000 deadweight ton product carriers, each with 330,000 barrel cargo capacity, which SEACOR has contracted to build at General Dynamic's National Steel and Shipbuilding Company (NASSCO) shipyard in San Diego, California, with vessel delivery dates
Silver Oak Services Partners, a lower middle market private equity firm focused exclusively on service businesses, has made an investment in iSystems in partnership with the founders and management.
iSystems, headquartered in Colchester, Vermont, is a Software as a Service provider of payroll, tax and HR management software for service bureaus including independent payroll processors, banks and CPAs.
iSystems delivers payroll processing capabilities to service bureaus through its core software platform, evolution. The company then sells optional add-on modules around evolution, including employee self-service, payroll manager self-service, HRIS systems, benefit enrolment, check printing, data back-up, training services, help desk
Private equity firm Castle Harlan’s Partners V fund has agreed to sell Pretium Packaging to Genstar Capital.
Pretium Packaging, headquartered in Chesterfield, Missouri, is among the nation's largest manufacturers of customised, high-performance rigid plastic bottles and containers. With more than 650 customers, including global consumer packaged goods companies, as well as national, regional and local customers, the Company supplies a wide range of bottles and containers to food, personal-care, household, healthcare and pharmaceutical end markets. The Company currently operates ten manufacturing facilities, nine in the United States and one in Canada, employing more than 1,000 personnel.
Castle Harlan Co-President Bill
A new annual conference, which aims to reinvent the way the SME sector in Scotland is financed, has been launched by five of the country’s leading organisations.
Opportunity Knocks – co-hosted by RBS, Entrepreneurial Spark, Harper Macleod, Angels Den and Johnston Carmichael – is aimed at people involved in or interested in supporting a resurgence in Scotland’s start-up, early stage and SME business sector.
The event, being held in Edinburgh on 29th May, will bring together individuals interested in finding out more about their options – which include efficient ways to make the most of tax breaks – alongside start-ups,
The Jordan Company LP has held the final closing of its third private equity fund with commitments totalling USD3.2 billion.
The fund had a target of USD3 billion, but reached its hard cap. In demonstrating a continued alignment of interest with its investors, the General Partner committed over USD200 million of capital to The Resolute Fund III.
As with the firm’s two predecessor funds, The Resolute Fund III will target middle market companies across a variety of industries, including industrial products and services, energy, chemicals, healthcare, and financial services, with enterprise values between USD100 million and USD2 billion.
Global alternative asset manager The Carlyle Group has completed the acquisition of ITW’s Industrial Packaging Group, renamed Signode Industrial Group, for USD3.2 billion.
Signode Industrial Group is a leading global supplier of industrial packaging consumables, tools and equipment. The company’s products secure and protect industrial and consumer goods during manufacturing, storage and transit via commercial trucks, railcars, ocean ships or airfreight. As a leading company in the industrial packaging industry, Signode Industrial Group will build on a foundation of supporting brands with more than a century of outstanding performance.
“We are excited to invest in Signode Industrial Group and believe
UK AIFMD depository INDOS Financial Limited (INDOS) has extended its FCA authorisation to include the depositary duties of cash flow monitoring and verification of other assets.
The addition of these duties to the firm’s existing depositary oversight authorisation enables INDOS to provide a complete depositary-lite solution to alternative investment fund managers seeking to market their funds to European investors from July 2014.
Bill Prew, CEO of INDOS, says: “The extension of our permissions is another major milestone for INDOS. It comes at a time when pressure is building on managers to appoint depositary providers. The FCA recently reminded managers that
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
