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Altium, an international mid-market corporate finance adviser, has hired Christopher Jones as a managing director in its London office.
Jones (pictured) joins from Livingstone Partners where he led the consumer sector team.
He brings with him a wealth of expertise and experience in the travel, leisure and eCommerce sectors. Recently he led the sale of City Screen to Cineworld, the sale of IronmongeryDirect.com and a number of transactions in the travel sector including the sale of Reed & Mackay, the buyout of Key Travel and the sale of Iglu.com.
Phil Adams, chief executive at Altium, says: “Christopher’s appointment will further strengthen
Robyn Holloway has joined DST Systems as vice president of sales for its alternative investment solutions business.
Holloway (pictured) brings more than 15 years' experience in the alternatives, brokerage, and wealth management industries to her new role.
She comes to DST from Deutsche Bank, where she led hedge fund administration sales efforts for the company's alternative funds services business.
"Robyn's experience with hedge funds and private equity funds will be particularly valuable to an expanding list of asset managers looking to bring alternative products to market," says Mike Tobin, vice president and head of sales for DST. "Her
MJ Hudson and MW Cornish & Co have merged their respective private equity and hedge funds practices with immediate effect.
The merged firm, known as MJ Hudson, will be committed to providing a specialist legal service to the global alternative assets industry.
The merger is the latest milestone in MJ Hudson’s growth trajectory which, earlier this year, saw the firm merge with Jersey-based legal practice VerrasLaw to provide a one stop onshore/offshore offering to clients, as well as bolster its M&A and venture capital team with an additional two senior lateral hires.
MJ Hudson managing partner Eamon Devlin
Guardian Capital Group is to acquire a specialist boutique emerging market equity investment firm in London, providing the firm with an international platform to expand its asset management business.
Guardian has agreed to acquire London-based Zephyr Management (UK) Ltd, manager of the Zephyr Aurora Fund, an emerging market equity fund led by the experienced emerging market equity portfolio management team of Steve Bates and Clive Lloyd.
Bates (pictured), portfolio manager and chief investment officer for the Zephyr Aurora Fund, has led the Zephyr Management (UK) Ltd investment operations since 2002, following a successful career as head of JP Morgan
Aetna has agreed to acquire UK-based InterGlobal from a group led by its majority shareholder Alchemy Partners.
InterGlobal has more than 65,000 medical members worldwide, and specialises in international private medical insurance for groups and individuals in the Middle East, Asia, Africa and Europe.
The terms of the transaction, which are not material to Aetna, were not disclosed. Aetna expects to finance the acquisition from available resources. The transaction is expected to close during the first half of 2014 and be neutral to Aetna's financial results in 2014.
“The addition of InterGlobal to Aetna’s international business will expand
Peer-to-business lending platform rebuildingsociety.com has passed the GBP1m borrowing milestone following a surge in interest from small and medium sized business (SME) borrowers.
Strong growth in lending and demand from UK small businesses in the past three months has enabled rebuildingsociety.com to pass the milestone and facilitate nearly GBP1.2m of loans to SMEs in a nine month period.
The rapid growth has encouraged rebuildingsociety.com to target GBP20m of borrowing by the end of 2014.
Average loans to SMEs are now GBP61,000 and the Leeds-based firm has received 50 per cent more loan requests from businesses in the three
Dolphin Venture Fund I, a seed fund organised under the laws of Delaware, is raising up to USD100m to seed fund start-ups and early stage ventures in Greece, the US, and the Philippines.
The fund has over USD12m in investor commitments. Investors are expecting an annual ROI of 34 per cent, but based on the progress made by some hedge funds in Greece, Dolphin Venture Fund believes the number could be much higher.
The company has about a dozen start-ups and ongoing companies in its portfolio, notably a start-up in the Philippines, called Pakwan Intl that creates call centres
Alternative asset manager The Carlyle Group has held the final close of Carlyle Partners VI, a USD13bn fund that invests in US corporate buyouts and strategic minority investments across six industries.
A total of 269 investors from 43 countries committed capital to the fund. The team began fundraising in late 2011 with a USD10bn target.
Allan Holt, managing director and co-head of the US buyout group, says: "We are grateful for the support of our fund investors, many of whom are repeat investors. Institutional and individual investors across the globe understand the value of having a proven buyout fund
The Vice Mayor of Shanghai has recognised the quality and stability of Guernsey’s financial services industry.
Tu Guangshao voiced his support for Guernsey as a well-regulated, compliant and cooperative international finance centre recognising the island’s “great achievements in financial regulation and development” during meetings in Shanghai last week with a Guernsey delegation, which included the island’s Chief Minister, Peter Harwood.
Harwood (pictured) says: “To receive this endorsement from Tu Guangshao, Vice Mayor of Shanghai, is very welcome. It reaffirms the strong relationship the Island has developed over time with the Vice Mayor since he first visited Guernsey in 2008,
Canadian venture capital (VC) investment rose sharply in Q3 2013, while Canadian buyout and related private equity (PE) deal-making showed continued moderate decline over the same period in 2012.
These were among the key findings from data released by CVCA – Canada's Venture Capital & Private Equity Association and research partner Thomson Reuters.
Investment activity in Canada's VC market rose sharply in terms of both deals and dollars in the third quarter of 2013. Disbursements by VC funds totalled CAD541m between July and September, up 48 per cent from the CAD366m invested at the same time in 2012. In
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