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Sobera Capital has acquired the venture capital fund BayTech Venture Capital from Bayerische Landesbank, European Investment Bank, Bpifrance, Versicherungskammer Bayern, and BayernLB Capital Partners.
Among others, the fund holds participations in EnOcean (Munich), Pieris (Freising), Scaleo chip (Sophia Antipolis), and OneAccess (Paris).
Sobera Capital was backed in this secondary direct transaction by Unigestion.
Sobera Capital is a Berlin based independent secondary direct investor with a focus on venture capital and small-cap funds and assets in TIMES, healthcare and selected other industries.
A consortium led by KKR Asset Management (KAM), a sub-investment grade manager that is wholly owned by KKR, is to acquire Winoa Group from LBO France.
The acquisition facilitates a recapitalisation of the business through a significant reduction of the debt and access to new money for growth.
Winoa Group, formerly Wheelabrator Allevard, specialises in abrasion and cutting technologies for the metal and stone industries. Founded in 1961 in France, Winoa has 12 operational plants on four continents, employs over 1,000 staff and has 10,000 direct customers worldwide.
The investment by KKR has been made through investment funds
Atlante Seed, the Intesa Sanpaolo Group Fund and start-up incubator Digital Magics have signed an agreement for the joint development of investment activities in digital start-ups.
The goal of the partnership is to increase investment capacity for the start-ups selected and incubated by Digital Magics, guaranteeing adequate financial resources for their development.
Atlante Seed will join the Digital Magics Angel Network and will have the right to participate in the seed rounds, forming part of the share capital of high growth potential start-ups, co-investing in the companies proposed by the incubator.
This operation forms part of an indirect
Linedata has recently upgraded four Luxembourg-based custodian and fund administrator clients to the latest version of Linedata Compliance.
Leveraging Linedata Compliance for its breach management and stronger internal controls through a maker/checker (four eyes) review process, investor service providers are able to take advantage of full audit trails and enhanced rule and formula builders.
Superior historical breach views allow custodians and administrators to review and compare results for historical periods of time alongside current breach management reports.
As regulators continue to increase their level of scrutiny into alternative investments, the forthcoming AIFMD regulations place an additional burden on
AVCAL has welcomed the Australian Federal Government’s inquiry into the country’s financial system.
The association says it is appropriate that the terms of reference allow for a thorough examination of how the financial services industry can best support the continued growth and expansion of the Australian economy.
Yasser El-Ansary (pictured), AVCAL’s chief executive, says the private equity and venture capital industries will be pressing the need for a focus on policy and regulatory settings that promote greater involvement by the Australian financial services industry in medium and longer-term domestic investment opportunities.
“One of the weaknesses of the current system
Alter Domus, a global service provider of fund and corporate services, has appointed Patrick McCullagh as global head of sales.
In this new role, McCullagh (pictured) will lead a dedicated sales team, working with new clients across Alter Domus’ network of 28 offices and desks.
McCullagh says: “Alter Domus has the unique capability of providing services which support the full needs of private equity and real estate investment structures, including funds, holding companies and asset entities. The firm’s team of over 600 specialists is recognised for industry leading qualities of expertise, efficiency and client service, which enable us to deliver
Zwitserleven, the Spoorweg pensioenfonds and the Pensioenfonds Openbaar Vervoer have made a first deposit in the SNS FMO SME Finance Fund.
SNS Impact Investing, part of SNS Asset Management, and the Dutch development bank FMO jointly initiated this fund, which aims to support local SME’s in developing markets.
The fund has attracted EUR00m in investments at its first close. Commitments are expected to increase substantially in 2014.
The fund will provide loans to financial institutions aiming at supporting SMEs in developing markets worldwide. Through these investments, hundreds of SMEs will gain access to long term finance in the
Cordea Savills has appointed Jon Crossfield as head of investment mandates.
As a member of Cordea Savills’ executive committee, Crossfield will be responsible for the firm’s fast growing investment mandate programme targeting institutions, family offices and private equity funds.
Crossfield joins Cordea Savills from Savills, where he spent 10 years and was latterly a director in its investment advisory team, specialising in advising overseas owners investing in the UK. In this role he has built up significant experience in acquiring assets on behalf of a number of German and Scandinavian institutions.
Previously, Crossfield worked with the UK and
An affiliate of Roark Capital Group has entered into a definitive agreement to acquire a majority stake in CKE Inc with senior management retaining a minority stake.
CKE is currently majority-owned and controlled by investment funds affiliated with Apollo Global Management.
Terms of the transaction were not disclosed. The transaction is expected to close in the fourth quarter of 2013, subject to regulatory approvals and other customary closing conditions.
Headquartered in Carpinteria, California, CKE, through its subsidiaries, owns, operates and franchises some of the most popular brands in the quick-service restaurant industry, including the Carl’s Jr, Hardee’s, Green
INDOS Financial, the only independent AIFMD depositary that has applied to the FCA for authorisation, has agreed provisional contracts with its first clients.
On the basis of its formal FCA authorisation now anticipated to take effect in early December, INDOS has already submitted proposals to over 40 alternative investment managers representing some 70 funds with in excess of USD15bn of assets. A number of these proposals are starting to bear fruit.
“Managers are now focussed on AIFMD,” says Bill Prew (pictured), INDOS Financial chief executive. “The FCA’s 22nd January deadline for applications, now only two months’ ahead, is concentrating
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