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KKR is supporting the development of European Locomotive Leasing (ELL) a provider of full-service locomotive leasing solutions to freight and passenger operators throughout continental Europe.
ELL is led by a team of rail professionals based in Austria and Germany.
The company has signed a framework contract for the order of as many as 50 state-of-the-art Siemens Vectron locomotives. The first locomotives are bindingly ordered today and will be delivered immediately. The additional locomotives will be delivered from 2014 through 2016 and will allow ELL to satisfy the demand from its expanding customer base.
The locomotive leasing sector in
More than two-thirds (67 per cent) of alternative investment fund managers say they are still concerned about reporting to local regulators, despite nearly all (95 per cent) saying they feel informed on the requirements of AIFMD.
This is one of the key findings of Confluence's 2014 Alternative Investment Fund Management Directive Transparency Reporting Survey, which polled 60 AIFMs and third party administrators to assess perceptions of and attitudes toward AIFMD regulation and compliance.
“Fund managers and third-party administrators are facing one of the most complex regulatory reporting challenges the industry has had to manage to date,” says Melvin Jayawardana,
Koji Drinks, a sparkling soft drinks brand, has completed a follow-on funding round of GBP150,000 from the Angel CoFund.
Future Drinks Company, the makers of Koji, who were one of the first companies to receive funding from the government-backed fund back in May 2012, launched Koji Drinks to the grocery trade this month.
This brings the total funding to date to GBP500,000, following a GBP350,000 first round by the Angel CoFund, Wren Capital and Arion One.
The Bristol-based company has developed an innovative production process, unique to Koji, which infuses a complex extract of natural fruits and
International law firm Maples and Calder has appointed 12 new partners across its global offices.
The new partners in the Cayman Islands office include Daniel Beckett, Jeremy Bomford, Michael Johns, Jonathon Meloy and Justin Pennay.
James Gaden, Richard Grasby and Terence Ho were appointed to partner in the Hong Kong office.
In the firm's Dublin office, Elizabeth Bradley and John Breslin were elected.
Matthew Gilbert and Tom Katsaros were appointed in the London and Singapore offices, respectively.
Global managing partner Henry Smith says: "Each year, we look forward to the chance to recognise the hard work
Associated Foods has established Metropolitan City Foods, a new division formed to develop new stores under the Met Food Markets, Pioneer Supermarkets, Met Fresh Supermarkets and Metropolitan Citymarkets of NYC banners.
In connection with the Metropolitan City Foods division, Associated has established a business development and sales team with the hiring of Mike Turner and John Borzumato.
Turner joins Metropolitan City Foods from White Rose Inc. where he was previously director of corporate sales. Turner will be a vice president at Metropolitan City Foods responsible for sales and business development.
Borzumato joins Metropolitan City Foods from C&S Wholesalers
Carey Olsen has advised Nimrod Sea Assets Limited on its initial public offering on the Specialist Fund Market of the London Stock Exchange.
Nimrod is a Guernsey-domiciled company with a market capitalisation of USD130m.
The company will acquire, charter and sell marine assets associated with the offshore oil and gas industry.
Carey Olsen corporate partner Ben Morgan led the team and was supported by associate John Scanlan. The team also previously advised on the listing of the aircraft investment company, Doric Nimrod Air Three.
This is Nimrod Capital’s ninth listing since April 2008.
Morgan said: “This
Zoyi Capital has completed its USD20m investment in Camelot Information Systems, a provider of enterprise application services and financial industry information technology services in China.
This follows the announcement by Camelot in September last year that it had entered into a merger agreement for a going private transaction.
Camelot is the largest domestic provider of SAP-based enterprise resource planning services in China and also ranks first in several types of solutions, including teller systems and IT testing, to the financial IT services market. The company has developed a large talent pool of SAP-based ERP consultants, and has long term
The US and Luxembourg governments have signed an agreement to improve international tax compliance and to implement the Foreign Account Tax Compliance Act (FATCA).
On 27 February 2014, the Luxembourg and US negotiating teams agreed on the substance of the Model 1 Agreement.
ALFI – the Association of the Luxembourg Fund Industry – has welcomed the signature of this intergovernmental agreement (IGA).
The association has been working hard to ensure that its members are best prepared for the implementation of FATCA. A Q&A document is being finalised by ALFI's FATCA implementation working group. The working group comprises representatives
The UK is the clear leader in the European private equity (PE) buyout market, accounting for 40 per cent of all buyout value in Q1 2014, according to the latest data from the Centre for Management Buyout Research (CMBOR).
With EUR5.2bn from 47 deals this quarter, the UK has seen its market-share in Europe in terms of value increase by five per cent from Q4 2013 and eight per cent compared with the same period last year.
Overall volume in the European buyout market has held up – there were 130 PE-backed deals completed in Europe in Q1, compared
Venture capital fund manager Mercia Fund Management (MFM) has added an online logistics platform Dealer Management Portal (DMPortal) to its portfolio of technology investments.
Officially launched in March 2014, the software-as-a-service (SaaS) platform is aiming to revolutionise traditional vehicle auction and transportation by providing an online solution for car dealerships.
The company will join MFM’s expanding digital portfolio, and the SEIS funding will support the official launch of DMPortal.
DMPortal’s centralised vehicle planner enables large car groups with their own fleets to efficiently manage vehicle movements. Whilst vehicle distribution commonly runs at a loss, the DMPortal system facilitates
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