Latest News
JenaValve Technology, a venture capital-backed developer of transcatheter aortic valve implantation (TAVI) systems for the treatment of aortic valve disease, has raised USD62.5m in a series C venture round.
The financing was led by Belgium-based Gimv, a publicly traded investment company with more than 30 years of experience in private equity and venture capital. Other new investors include Beijing-based Legend Capital, a venture capital arm of Legend Holdings, and Omega Funds, an international healthcare focused investment firm.
Edmond de Rothschild Investment Partners of Paris led the participation by the existing investor group in the series C round. Other
Three tier one global investment banks have completed trials of Duco’s post trade reconciliation service, Duco Cube.
Duco Cube empowers operations teams to quickly set up and manage reconciliation controls themselves, without IT effort, and move away from labour and technology intensive solutions. This is made possible by artificial intelligence algorithms that match any data in any format, eliminate manual work and make it possible to identify risk points and react to regulatory demands faster than traditional solutions. In addition to bringing an “app-like” simplicity to operations, Duco Cube is operated on a flexible, pay by usage basis.
Duco
A strong performance in mergers and acquisitions in the first half of 2013 by the corporate finance arm of BDO LLP pushed the firm up to first and second place respectively in the Experian Corpfin and Thompson Reuters league tables, ranking advisers to UK deals by volume.
BDO moved from third to first place in the Experian Corpfin league table of financial advisers on deals with any UK involvement. The firm also moved up from fifth to second place in the Thomson Reuters 2013 rankings of financial advisers to UK deals worth less than USD500m.
In each case,
Eight new members have joined EDHEC-Risk Institute’s international advisory board, which brings together scholars, representatives of regulatory bodies as well as senior executives from business partners and other leading institutions.
The role of the international advisory board is to validate the relevance and goals of the research programme proposals presented by the institute’s management and to evaluate research outcomes with respect to their potential impact on industry practices.
The 47 members of the board also advise on the objectives and contents of projects deriving from the expertise of the institute, thereby ensuring that graduate and executive programmes remain
The Alternative Investment Fund Management Directive (AIFMD) rules affect fund remuneration practices, marketing guidelines, documentation and reporting, and the requirement for alternative investment fund managers to appoint a depositary.
Citi’s Depositary Services is ready to assist fund managers in their compliance with the new responsibilities demanded under the AIFMD.
Citi’s European Depositary coupled with the industry’s largest proprietary sub-custody network, enables practical controls to be deployed, end to end, across the investment chain. Citi’s depositary service apply the most stringent controls with minimal impact on the investment management process, thereby delivering value through minimising the costs and operational
An affiliate of Atlanta-based private equity firm Roark Capital Group has acquired the 65 unit Miller’s Ale House, a growing casual dining restaurant chain with approximately USD300m in system-wide sales, from Jack Miller and SKM Equity Fund III.
This investment is Roark’s 26th multi-unit company, 13th restaurant brand, and second full-service restaurant concept.
Started in Jupiter, Florida in 1988 by husband and wife team Jack and Claire Miller, Miller’s Ale House offers an extensive menu of freshly prepared food at attractive prices, over 75 domestic and craft beers, and a large selection of high definition TVs.
As part
Private equity firm Beacon Equity Partners has completed the sale of Anaqua and SGA2 SAS to Insight Venture Partners.
Beacon founded Anaqua, a provider of intellectual property software, in 2005.
“Eight years ago, we recognised what Anaqua could one day become. Today, thanks to the hard work and dedication of Anaqua’s leadership and employees, together with the resources and support provided by our firm, we are proud that potential has been realised,” says Ed Mullen (pictured), chairman of Beacon Equity and former chairman of Anaqua. “I’m sure Anaqua will enjoy continued success in the years ahead, boosted by
Dunedin Enterprise Investment Trust has committed a total of GBP60m to Dunedin’s latest buyout fund, Dunedin Buyout Fund III.
The fund has closed at GBP300m, exceeding its target of GBP250m. It is dedicated to investing in UK SME businesses with an enterprise value of between GBP20m and GBP75m.
Its predecessor fund, Dunedin Buyout Fund II, performed strongly over seven years, with returns of 2.6 times realised for investors.
In December 2012, the trust announced a commitment of GBP50m and this additional GBP10m brings the trust’s commitment to 20 per cent of the fund at final close.
Research by BNY Mellon points to significant uncertainty about the requirements of the Alternative Investment Fund Managers Directive (AIFMD), despite Monday’s first deadline for authorisation.
BNY Mellon surveyed 70 respondents from Europe, Asia, the US and Latin America from companies with an accumulated total of over USDD5trn assets under management.
Half the survey respondents believe that uncertainty remains within their organisation, while a third reveal a fear of not complying on time and of negative financial implications.
Fifty per cent believe that their organisation will be disadvantaged in some way by AIFMD over the medium term. Only 18
By the end of Q1 2013 total assets in the alternative UCITS space advanced by 29 per cent year-on-year to EUR155billion. But this is still a small share of total UCITS AuM of around EUR6.6trillion.
With performance picking up, even as regulation tightens, the experts believe there is plenty of room for growth given that institutional interest is now starting to grow.
This Hedgeweek Special Report was prepared with support and expert contributions from:
– Man
– Lyxor Asset Management
– Sparkasse Bank Malta plc
– ACOLIN Fund Services
Please click here to download this report
Please click here if
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
