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Jason Allison has joined Walkers’ Cayman Islands office as a partner in the global investment funds group.
Allison, an offshore investment funds practitioners, has close to ten years' experience advising on Cayman Islands law.
After spending over five years at Freshfields in London, he commenced his Cayman Islands career with Maples and Calder in 2004, becoming a partner there in 2007. In 2012, Allison left Maples and Calder to help establish the Cayman Islands office of another international offshore law firm.
Allison advises on Cayman Islands corporate and investment funds law, with particular expertise advising institutional clients on
Independent private investment company Ardian has appointed Tobias Gewolker as a director in the infrastructure team based in the firm’s Paris office.
Ardian’s infrastructure team, led by Mathias Burghardt, invests in core infrastructure assets and partners with leading industrial players across Europe.
Last year it raised EUR1.75bn for Ardian’s Infrastructure Fund III.
Gewolker (pictured), a German national, has more than 13 years’ investment banking experience in the City of London, with a focus on energy and infrastructure.
Prior to joining Ardian, he worked at DC Advisory, preceded by four years at Barclays Capital. Recent mandates have included
Renewed vigour in the European IPO market has meant cash raised by companies going public in the first quarter of 2014 has exceeded Q1 values for the previous four years in aggregate, generating EUR11.4bn.
That’s according to PwC’s latest IPO Watch report.
This comes in the wake of 2013 European IPO proceeds increasing by 135 per cent to EUR26.5bn.
The increase follows a busy final quarter of 2013 which saw over 100 companies successfully float and accounted for more than half the total proceeds raised for the whole year.
Richard Weaver, capital markets partner at PwC, says:
TCA Fund Management Group is planning to float the TCA Global Credit Fund through an AIM IPO as a new London listed, closed-end investment company.
The IPO will be structured as a feeder fund and aims to raise USD25m, marketed at both institutional and retail investors.
The fund, which is a short duration, absolute return fund specialising in short term senior secured lending to SMEs, is targeting a six to eight per cent annual dividend payment to shareholders on a quarterly basis (two per cent per quarter).
The Master Fund has a solid four year track record, exceeding
IK Investment Partners’ IK VII Fund has invested in Ramuddenbolagen, a provider of temporary traffic control services in the Nordics.
The partnership between IK and the company’s founder and management will enable the business to grow and strengthen further.
Financial terms of the transaction are not disclosed.
Ramudden, founded in 2005 and based in Sundsvall and Gävle, Sweden, delivers products and services for temporary traffic control solutions, including the rental of essential equipment (such as traffic barriers and guide signs), traffic arrangement plans, education programmes, surveillance and maintenance services. The company is the leading specialist in Sweden and
Private equity firm Sycamore Partners has completed its acquisition of The Jones Group, a designer and marketer of clothes and shoes, in a transaction valued at approximately USD2.2bn.
"We are excited to have finalised the acquisition of The Jones Group and are confident this will be a long and successful partnership," says Stefan Kaluzny, a managing director of Sycamore Partners. "We look forward to working with The Jones Group team to continue to grow this outstanding portfolio of businesses and brands and create exceptional products for our customers."
Wesley R Card, The Jones Group chief executive officer, says: "We
AIM-quoted investment group Adamas Finance Asia (AFA) is to invest USD500,000 into an investment fund managed by Adamas Asset Management , the Hong Kong-based firm that since February 2014 has been acting as AFA’s investment manager.
The new investment is being made into the BRJ China Private Credit Fund.
It follows the distribution last month to AFA of a USD75,300 dividend from an earlier USD1m investment made last year into another investment vehicle managed by Adamas.
That maiden distribution, from the Greater China Credit Fund, was the first dividend received by AFA, which until a reverse takeover earlier this
Maven Capital Partners has invested GBP7.5m in support of the GBP14m MBO of Rmec Ltd, a specialist mechanical and hydraulic engineering company.
This is the private equity firm’s seventh oil and gas transaction over the past nine months, and takes Maven’s recent investments in energy services companies that are active in the north-east of Scotland to GBP30m.
Rmec specialises in the manufacture, maintenance, repair, testing, recertification and rental of well services equipment for the oil and gas industry, and has 20 staff and a turnover of GBP9m for FY14.
The investment will enable Rmec to fast-track its growth
Gatehouse Bank, a wholesale Shariah-compliant investment bank based in the City of London, has completed the sale of its Rolls Royce manufacturing and logistics facility in Scotland.
The total amount of the sale reached GBP55m, which yielded a profit on equity of 29.2 per cent post costs and taxes and an IRR of 10.3 per cent.
The 541,000 sq ft purpose built warehouse is adjacent to Glasgow International Airport and the M8 motorway. The property was purpose built for Rolls Royce Plc to cater for its manufacturing and distribution requirements and is currently leased to Rolls Royce until 30
Private equity firm Warburg Pincus is to acquire a majority stake in mercator, a provider of software and technology-enabled outsourcing solutions to the global aviation industry, from dnata.
dnata will retain a minority stake.
Headquartered in Dubai, mercator helps airlines move passengers and cargo to their destinations safely and on time. mercator's five key products include cargo operations and management, financial solutions, loyalty and CRM, safety and passenger reservation and departure control. The company's solutions are used by more than 125 airline clients in over 80 countries and six continents. Current clients include United Airlines, Thai Airways, Qantas, British Airways, Singapore
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