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Keith Magnus has agreed to join the Evercore’s investment banking business as a senior managing director.
He will establish the firm’s office in Singapore and, as chief executive officer of Evercore’s business there, will focus on providing strategic, merger and acquisitions and capital markets advice to companies in Singapore and throughout South East Asia.
Magnus (pictured) is currently chairman and head of Singapore and Malaysia investment banking at UBS and a member of the Singapore management committee. He has been a leader of investment banking practices at Deutsche Bank, Bank of America Merrill Lynch and UBS for almost
BNP Paribas is now ready for the transition of its asset manager and asset owner clients to meet the requirements of the Alternative Investment Fund Management Directive (AIFMD), which came into effect on 22 July.
Philippe Ricard, global head of AFS products, says: “BNP Paribas Securities Services has significantly invested to ramp up our solutions, and today, we provide the largest depositary network in Europe, having already implemented AIFMD compliant processes across all jurisdictions.
“We are fully set up to support our early mover clients and congratulate those pioneering AIFMs who have already successfully navigated their way to
Wynyard Group has secured the customer contracts and exclusive rights and intellectual property of the MHA Gateway service, an online anti-financial crime resource, for an undisclosed sum.
The acquisition is in line with Wynyard’s strategy of growing its global customer base, and will further enhance Wynyard’s financial crime offering.
MHA Gateway helps financial institutions and their compliance officers identify, evaluate and avoid business and regulatory risk through providing online tools, pre-formatted templates, policy checklists, best practice guides and country profiles to comply with Financial Crime and Anti-Money Laundering regulations in FATF countries.
Wynyard Group chief operating officer
While the seed funding of early-stage European start-ups is healthy, there is a scarcity of follow-on capital for later-stage businesses, according to figures released by DFJ Esprit and Go4Venture Advisers.
The data, compiled from the latest Dow Jones VentureSource figures, also reveals that the UK, which remains the top location for investment, has for the first time lost out to France in terms of the number of larger deals completed in the first half of this year.
Of the USD1.8bn invested in European venture deals in the year to date, the UK holds the total investment lead at
Arthurian Life Sciences Limited, manager of the new GBP100m Wales Life Sciences Investment Fund, has arranged a GBP13.8m funding commitment from the Welsh Government to enable ReNeuron to relocate to Wales and continue to grow the stem cell R&D, clinical trials and manufacturing base of the company.
The funding package is made up of GBP5m direct equity investment from the Wales Life Sciences Investment Fund and a GBP7.8m commitment of non-dilutive grants from the government.
This investment has formed the cornerstone of a total fundraising of GBP33.2m for the company in which several other international life sciences
Venture capital fund manager Mercia Fund Management has invested GBP150,000 in Oxford Genetics.
The new biotechnology company is behind SnapFast – a system that simplifies the purchase of synthetic DNA molecules (plasmids).
Chief executive of Oxford Genetics, Dr Ryan Cawood, invented the SnapFast system and likens it to “Lego for DNA”. Historically, most genetic engineering has been performed by combining pieces of DNA, gathered from a variety of sources that were never intended to fit together. This can make clinical research and drug development time-consuming, costly and often frustrating. Oxford Genetics provides all of the standard DNA components
Private equity and venture capital firms invested USD126m across nine Indian agri-business companies during the first six months of 2013, 75 per cent more than the USD72m invested across six companies during the same period last year, says data from Venture Intelligence.
The largest PE investment in the industry during 2013 was Multiples Private Equity’s Rs.250 crore (USD43.24m) investment in Bangalore-based Milltec Group which develops technology and machinery for rice milling, roller flour milling, maize (corn) milling and agro processing plants.
Another buyouts focused PE firm, India Value Fund, has committed USD40m to pick up a majority stake
The EVCA comments on the Alternative Investment Fund Managers Directive (AIFMD) entering into force across the European Union…
European Private Equity and Venture Capital Association (EVCA) Chairman George Anson on the Alternative Investment Fund Managers Directive (AIFMD) entering into force across the European Union…
Chairman George Anson says: “European private equity has invested more than EUR270billion into 22,000 European companies in the last five years. It is appropriate that private equity is regulated at a European level, as befits a significant and established asset class.
“It is vital both for private equity managers and the investor community, of which
HgCapital has made a majority investment in IntelliFlo, a provider of front and back office software to financial advisors, advisor networks and brokers.
The investment was made from its Mercury Fund which was raised to specifically target software and other technology companies across Europe.
Led by chief executive Nick Eatock, IntelliFlo combines a decade-long track record in the UK market, with a best in class SaaS product and significant capability created by investment ahead of the Retail Distribution Review (RDR). Nearly 10,000 advisors and administrators use IntelliFlo’s software on a daily basis to manage front and back-office workflows
Host Europe Group, the largest privately-owned hosting group in Europe, has been acquired by European private equity firm Cinven from Montagu Private Equity.
Headquartered in the UK, Host Europe Group is a provider of hosting and domain services to small and medium enterprises, with around 600 employees. It offers an end-to-end product suite including domain registration, application hosting, cloud hosting and managed hosting, with most of its revenues generated in the UK and Germany.
The business has established market-leading positions in its core markets leveraging a large base of 1.5 million customers, well-recognised brands (including 123-reg, Webfusion, Heart Internet
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