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TradeRiver Finance is to increase the level of funding it will make available to UK SMEs following an investment from GLI Finance (GLIF).
The investment, which is in the form of equity and debt to the total of GBP2.8m, enables TradeRiver to accelerate its growth plans and offer trade finance solutions to more UK businesses.
TradeRiver is a non-bank online funding solution which finances trade, both cross-border and in the UK. The company provides businesses with finance to purchase goods and services through a convenient online platform. GLIF will be the first institutional/trade investor into TradeRiver.
SMEs are increasingly
HarbourVest Private Equity’s (HVPE) estimated NAV per share was USD13.81 at the end of January, a USD0.04 per share decrease from the 31 December 2013 estimate of USD13.85 and a USD1.35 per share (11 per cent) increase during the financial year ended 31 January 2014.
The monthly change was driven primarily by foreign currency movement. The value of the majority of HVPE’s privately-held companies continues to reflect the investment manager’s preliminary estimate of year-end 2013 valuations.
During January, HVPE invested USD22.4m in HarbourVest funds and received USD20.4m of realisations, resulting in net negative cash flows of USD2.0 m. With
JTC Group has formed alliance partnerships with two firms within the EU to widen its geographical reach.
The alliances are with Trust Company Amsterdam in the Netherlands, which has a strong focus on corporate structuring work, and Aspen Trust Group in Cyprus, which provides a range of services to both private and corporate clients, including structuring cross-border solutions.
JTC Group chairman and chief executive Nigel Le Quesne (pictured) says: “Our ‘Alliance Partner’ strategy is to extend our international reach and provide additional services to our worldwide client base. There is a growing trend for clients to seek flexible, multi-jurisdictional
Businesses are hesitant about adopting integrated reporting (IR) with the majority taking a “wait and see” approach, according to research from the Association of Chartered Certified Accountants (ACCA).
Chief financial officers and other senior finance professionals told ACCA that while they had yet to adopt IR many of them planned to do so in the near future.
Just 10 per cent said they had no intention of adopting the reporting model, which includes non-financial information.
The ACCA report, Understanding Investors: the Changing Corporate Perspective, which is the fourth and final part of a research series looking at the
A group led by Starr Investment and Partners Group are to acquire MultiPlan from Silver Lake and private equity firm BC Partners.
Terms of the deal have not been disclosed.
Founded in 1980, MultiPlan delivers transaction-based solutions to healthcare payers. With a network of over 900,000 healthcare providers and extensive proprietary analytics, MultiPlan generates over USD11bn in medical cost savings on about 40 million claims annually. It optimises healthcare transactions by reducing medical costs through its network- and analytics-based solutions and by enabling efficient transaction processing through its technology platform.
"Today's announcement marks the next step in an
Rigby Group has completed the acquisition of M2 Digital, a UK-based managed print services company, from private equity firm ECI Partners through its technology brand, SCC.
Rigby Group is focused on five core areas: technology, aviation, hotels, property and investments.
M2 Digital and its 180 employees will merge with immediate effect into Rigby Group’s SCC business although it will retain its standalone brand for the foreseeable future.
Stephen Rigby, Rigby Group chief operating officer, says: “We have very been very transparent in our desire to grow our group of businesses through acquisition and with a strong cash balance, we
ClearVue Partners (CVP) has raised USD262m for its first fund, ClearVue Partners, exceeding the target of USD200m and hitting the hard cap for the fund.
ClearVue Partners focuses on investment opportunities in the fast growing consumer market in Greater China, specifically in the food & beverage, consumer products, and consumer internet & mobile sectors.
Fully committed to the Chinese consumer sector, Fund I will focus on companies with unique capabilities, strong competitive positioning in the China consumer market and differentiated products.
“The consumption story in China is irreversible, its share of GDP will continue to grow as consumers
More than 50 per cent of fund managers, prospective clients and consultants attending a recent Northern Trust seminar on the European Union's Alternative Investment Fund Manager Directive (AIFMD) said they believed investors would still not be engaged in AIFMD considerations by December 2015.
These latest findings echo a previous survey conducted by Northern Trust in 2012 where a significant number of respondents had concerns over AIFMD, with close to 70 per cent citing their investors were not engaged in AIFMD considerations at the time.
"Next year is an important milestone in AIFMD deployment," says Ian Headon, of Northern Trust
Private equity firm BlackFin has acquired GP3 and Decalog, two software solutions providers dedicated to the asset management and asset servicing industry, from SunGard.
GP3 is a fund accounting, valuation and reporting software, while Decalog is a middle-office, front-office and compliance software.
BlackFin is combing the two companies to create new entity, which will be known as NeoXam.
Overall, NeoXam will employ circa 250 people, of whom circa 150 are in Western Europe, and will generate consolidated revenues of around USD50m making it one of the largest European providers of software solutions dedicated to the asset management industry.
Advanced Accelerator Applications, a specialist in molecular nuclear medicine (MNM), has completed a capital increase of EUR41m.
The capital increase will help fund expansion plans and finance clinical trials of its portfolio of MNM diagnostic and therapeutic products.
The fundraising came from existing and new shareholders, including private investors and funds such as a company of the Tamburi Investment Partners Group and the specialist biotech and pharma investment company HBM Healthcare Investments who led the investment with EUR20m.
Stefano Buono, chief executive officer of AAA, says: "We are very pleased to have completed this EUR41m capital increase which shows strong
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