Latest News
London-based alternative investment manager GMI (Global Maritime Investments) is planning a series of private equity partnerships focused on ship purchase and fleet management.
The move reflects a significant 10 to 15 per cent uptick in the prices of new vessels which have been flat for three years and GMI believes prices have a lot further to rise.
GMI, which has also offices in Athens, Cayman, Cyprus, Monaco and Singapore, was founded in late 2005 becoming the only manager to trade the volatility in global shipping rates by arbitraging the inherent mispricing in Forward Freight Agreements (FFAs) via the derivatives
Hudson Ferry Capital has promoted Robert Athas to vice president, responsible for leading business development efforts and managing the firm’s intermediary relationships.
"Rob has been a wonderful addition to the Hudson Ferry team. Since joining us last year, he has been instrumental in expanding our network of business brokers and intermediaries," says Paul Huston, Hudson Ferry Capital's chairman.
Athas joined Hudson Ferry Capital as an associate last January and brings a wealth of experience to his role.
Prior to joining Hudson Ferry Capital, Athas was a vice president in the New York office of KPMG Corporate Finance, a
Private equity leaders anticipate another year of moderate deal flow volume, according to the fifth annual PErspective Private Equity Study by BDO USA.
Coming off of a year when rising valuations limited fund managers’ ability to source and close deals, only 15 per cent of private equity fund managers – regardless of fund size – predict they will close more than five deals in 2014. That represents a drop from 2013, when 22 per cent of fund managers anticipated closing more than five deals.
Despite this bearish view, fund managers are hopeful that they will deploy more capital in
RMB Capital has appointed Kerry Jordan as director of business development for Iron Road Capital Partners, the firm’s alternative investment platform.
“We continue to expand our team in an effort to support the spectrum of alternative investments we provide,” says Blair Haarlow, managing principal of Chicago-based Iron Road. “Kerry brings significant expertise in building relationships with institutional investors, so we are excited about the contributions she’ll be able to make to our growing business. In addition, Kerry has long-standing involvement in the Chicago financial community with leadership roles at CFA Society Chicago and Econ Illinois.”
In her role, Jordan
Peer-to-peer lending company Lending Works has closed a GBP3.5m seed funding round led by David Kyte, founder of The Kyte Group.
Kyte was a founder trader and former board member of the London International Financial Futures and Options Exchange (LIFFE), now known as NYSE Liffe and in 1985, he founded The Kyte Group, one of the world’s first algorithmic trading and clearing houses.
Kyte says: “The retail banking sector as we know it is fractured; so, as a financial services innovator-turned-investor, a P2P lender developing leading proprietary technology is a natural destination for my investments.
“Innovative technology is
European private equity transaction volumes bounced back in Q4 following a weak Q3, according to the European Private Equity Barometer, published by unquote” and SL Capital Partners.
A total of 326 deals were completed, the highest total since the final quarter of 2012, with the total value of EUR23.6bn up 40 per cent on the EUR16.9bn transacted in Q3.
This value uplift was largely driven by the buyout space, where mid-market deals led the way with volumes at a three-year high. These mid-market deals were the core growth driver during the year in Europe, representing 60 per cent
HIG Capital has recruited two experienced private equity investors, Johannes Huttunen and Johan Pernvi, to the firm’s London team.
Huttunen was formerly at Silverfleet Capital where he worked on the origination and execution of transactions as part of the team in London. Before that he was at European Capital, working on UK buyouts, and in the healthcare M&A team at Deutsche Bank in London.
Pernvi was previously a senior investment manager at publicly listed Swedish private equity company, Ratos, where he worked on buyout transactions. Before that he was at Bain & Co
Paul Canning, HIG London managing
Japanese trading firm Mitsui has agreed to join The Russian Direct Investment Fund (RDIF) as investor in Cotton Way.
Cotton Way is a Russian commercial laundry and textile management company.
Mitsui will contribute to improve the operation and management of Cotton Way by introducing international best practices and offering experience and knowledge.
This transaction will be the first investment deriving from the Russian-Japanese Investment Platform (RJIP) which was created by RDIF, Vnesheconombank (VEB) and the Japan Bank for International Cooperation (JBIC) in 2013.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund, says: “Mitsui’s investment in Cotton Way
Compagnie des Alpes (CDA), in association with Chaplin Museum Development (CMD) and Genii Capital, are to open a museum in Corsier-sur-Vevey dedicated to the life and works of Charlie Chaplin.
Chaplin's World by Grévin will open in spring 2016.
CDA, a major player in the European leisure industry, was chosen by the Genii Capital and CMD consortium to operate the museum under the "Chaplin’s World" brand. It will open in spring 2016 at the Manoir de Ban, Charlie Chaplin's home for 25 years, owned by the consortium. CDA will also have the right to use the "Charlie Chaplin" and
Syntaxis Capital, a provider of mezzanine finance in Central Europe, has completed an investment in BIK Brokers, a Polish motor insurance broker.
The investment from Syntaxis will support an ambitious growth strategy for the Gdansk-based broker.
BIK is a commercial wholesale insurance broker in Poland. The company acts as an intermediary between its wide range of blue-chip clients (car fleet management firms, leasing companies, vehicle manufacturers or corporates) and insurance providers in Poland.
For its clients, BIK helps analyse, structure and secure third party liability insurance, CASCO cover and claims management, in addition to providing a range of
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
