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Bedell Cristin in Guernsey has acted for Artex Risk Solutions in its acquisition of Heritage Insurance Management, the specialist captive and insurance management arm of Guernsey-headquartered Heritage Group.
Artex Risk Solutions provides a range of captive insurance solutions and alternative risk financing options for clients based primarily in the US and is a wholly-owned subsidiary of Arthur J Gallagher & Co, one of the world's largest insurance brokerage and risk management services firms.
The deal will see Artex expand beyond North America for the first time, with the acquisition of a fully-established European-based captive management facility, which will trade
Yoyo, a London-based mobile payment and loyalty app, has raised USD5m in seed funding, one of Europe's largest seed funding rounds this year.
Founded less than a year ago, the start-up is rolling out at the University of Westminster and University of Greenwich, which together serve over 50,000 students, visitors and faculty members across London.
The investment was led by technology commercialisation and investment group Imperial Innovations Plc, with co-investments from Firestartr, a new digital venture platform, and Telefonica Group. Notable angel investors brought into the round by Firestartr include Barry Smith, co-founder of Skyscanner; Mathias Entenmann, former managing director of
Zeus Capital has appointed Dan Bate as a director of corporate finance.
Bate joins Zeus Capital from AIM quoted corporate broking and private wealth management business WH Ireland, where he was head of corporate finance in Manchester and group company secretary.
During his seven years with the business he advised on all areas of corporate finance, including AIM IPOs, fundraisings and general M&A.
A qualified solicitor, Bate previously worked for Halliwells as a senior corporate lawyer specialising in public company advisory.
Bate says: “I am delighted to be joining Zeus Capital at time when the UK capital markets
Alternative investment specialist Advanced Capital has appointed statesman and politician Ambassador Joseph DeTrani as a senior advisor.
A leading figure in US politics and foreign affairs, DeTrani (pictured) is president of the Intelligence and National Security Alliance and Professor at Missouri State University.
DeTrani’s most recent assignments include senior advisor to the Director of National Intelligence and director of the National Counter Proliferation Center.
DeTrani spent considerable time in North Korea as DNI mission manager and special envoy for Six-Party Talks negotiations, ranking as Ambassador and US representative.
Robert Tomei, chairman of Advanced Capital, says: “Joseph DeTrani's
An affiliate of private equity group Warburg Pincus is to acquire Wencor Group, a designer, repair provider and distributor of aftermarket aerospace components, from Odyssey Investment Partners.
Terms of the transaction have not been disclosed.
Headquartered in Springville, Utah, Wencor is a provider of aftermarket components to the commercial, military and general aviation aircraft sectors. Customers include commercial airlines and maintenance, repair and overhaul (MRO) providers. Wencor's aftermarket distribution business provides a channel to more than 3,700 customers around the world.
"We are excited to have Warburg Pincus as our partner for the next chapter in the company's growth
Private equity firm Winona Capital Management has formed a strategic partnership with Chicago-based integrated marketing services firm Schafer Condon Carter (SCC).
The partnership will provide brand planning and creative services for both existing businesses as well as potential acquisitions of consumer-facing brands.
The partnership teams Winona Capital Management, an aggressive player in the mid-size private equity market primarily focused on consumer-branded companies from USD10 million to USD100 million in sales, with SCC, an independent agency with a portfolio of consumer branded clients across numerous product categories.
"Our business is all about building brands, and providing growth capital to
Pritzker Group Private Capital has added two executives to its investment and operations teams.
Veteran manufacturing executive Bill Denton will join as a senior advisor and Chris Trick, formerly of KRG Capital Partners, will serve as a vice-president.
Denton, chairman of Knape & Vogt Manufacturing Company, will work with the firm’s manufactured products operations team. Denton is the former president and CEO of Fiskars Brands, a global manufacturer and marketer of consumer products, and he spent 25 years with Newell Rubbermaid in senior executive roles.
Denton will work closely with Milestone AV Technologies, which designs, markets and distributes
Low-cost airline Wizz Air, the largest budget airline in Central and Eastern Europe, is to float on the London Stock Exchange.
Wizz Air, whose network spans 35 countries from 17 bases in nine Central and Eastern Europe, intends to apply for admission of its ordinary shares to the premium segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of the London Stock Exchange.
The global offer will comprise an offer of new ordinary shares by the company to raise gross proceeds of approximately EUR200 million, and the sale
A year after its formal launch, the London Fund has secured over GBP28m of investment for 13 London businesses representing an investment rate in excess of one per month.
The companies include:
• Appear Here – an online service connecting landlord’s vacant spaces to people with ideas
• Boticca – an online marketplace for luxury fashion accessories
• Gousto – a home delivery service
• Somo – the world’s largest independent, full service mobile marketing specialist
• Wool and the Gang – a global fashion brand
• MBA & Company – a service connecting short-term consultancy projects to high quality independent professionals in that field
• Masabi – mobile
Private equity and management service firm Current Capital has appointed two more executives to its advisory board.
They are Salvatore D. Fazzolari, the former chairman, president and chief executive officer of Harsco Corporation, and Mary Jane Raymond, chief financial officer of II-VI Incorporated.
Jonathan F Foster, founder and managing director of Current Capital, says: “Sal and Mary Jane are more unique additions to our Advisory Board who will help us build on our first private equity investment, Stackpole International, an automotive supplier that we sold late last year creating a very significant return for our investors, and our now
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