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Dominion Corporate Group, a financial services firm with offices in Jersey and Luxembourg, has unveiled a new name – Crestbridge – having undergone a re-branding.
Crestbridge specialises in providing administration and management services to fund sponsors and fund managers.
Its fund services business is its longest established division and provides a full range of services for both regulated and non-regulated fund vehicles, including private equity, real estate, mezzanine finance, fund of fund and hybrid structures.
In order to support projected growth across its funds business, as well its complementary capital markets, corporate, real estate and third party
The EBRD has committed up to EUR20m to the Capital North Africa Venture Fund II (CNAV II), the first independent and Maghreb-focused fund to be raised by Capital Invest.
The investment is the first time in the southern and eastern Mediterranean (SEMED) region the EBRD is supporting a Morocco-based fund manager to set a benchmark for local fund managers to become independent and regional.
CNAV II, which just achieved a first closing of up to EUR80m (target fund size EUR100m), will focus on providing equity and quasi-equity financing to support the expansion of small and medium-sized enterprises
Private equity firm Doughty Hanson has sold Vue Entertainment, an operator of multiplex cinemas, to OMERS Private Equity and Alberta Investment Management Corporation (AIMCo) for a total of GBP935m.
The transaction is expected to close by late July/August 2013.
Vue Entertainment was acquired in December 2010 for GBP450m. In the period of ownership, Vue has been transformed from the third largest operator in the UK into a pan-European market leader and one of the largest cinema operators in the world. It has doubled the number of cinemas under its ownership from 70 to 146 and the number of
Netage Solutions has introduced several new features in the v6.7 release of the firm’s alternative assets Dynamo CRM and integrated Investor Portal, currently employed by over 250 alternative asset fund managers and limited partners with over USD450bn in assets under management.
The Dynamo enhancements targeted automating investor relation teams’ operations to further increase investor transparency, and improve the workflow of deal management and accounting teams through core logic engine additions.
Included in the Dynamo v6.7 release, new options for enabling investors to upload documents to the portal for general partner review and retention were disclosed in an emphasis
Agilitas, a pan-European mid-market private equity firm, has made its maiden investment with the management buyout of ISS Damage Control (ISS DC) from ISS Group.
The consideration for the acquisition is not being disclosed.
ISS DC was established in 1983 and provides 24/7 damage control, rebuilding and emergency response services for fire and flood damage in Scandinavian commercial, industrial and residential properties, from its 54 branch offices situated across Norway, Denmark and Finland. In 2012 the business had a turnover of DKK850m and is the market leader in Norway and number two in Denmark.
Following the MBO,
Drooms’ UK managing director Howard Revens is to present on the impact to fund managers on AIFMD’s wide ranging and complex reporting requirements at Knight Frank’s 2013 AIFMD: Practical Implications Breakfast Briefing.
Taking place on 18 June 2013, Drooms will present alongside Knight Frank to prepare fund managers ahead of the July deadline and offer solutions on how best to implement these guidelines.
In a bid for increased transparency, AIFMD requires fund managers to comply with new mandatory requirements relating to regulatory capital structuring, legal, data handling and property valuation. As a result, many fund managers have been
ACON Investments has held the final closing of the firm’s most recent US middle market fund, ACON Equity Partners III, with total commitments of USD751,385,000.
ACON was significantly oversubscribed with global investor interest. Investors in the fund include public pension funds, endowments, insurance companies, fund‐of‐funds and family offices from the US, Europe, Asia, and the Middle East.
The fund held its first closing in early 2012. Mercury Capital Advisors acted as the global placement agent for the fund.
The fund has already made several investments and has in place a pipeline of new opportunities, principally focused on acquiring energy or energy
Future Capital Partners (FCP) is seeking to raise GBP7m to fund the next stage of its socially responsible investment initiative, Future Fuels LLP. Future Fuels aims to build a renewable transport fuel (RTF) refinery in Grimsby, which will deliver 15 to 20 per cent of the UK’s requirements by 2016.
The investment aims to provide a ROI of 100 per cent to investors, with a post-tax IRR of up to 40 per cent.
The latest fundraising follows a recent capital-raising exercise which saw Future Fuels acquire the assets of a US bioethanol plant in March 2013. The additional capital raised will
Channel Mark Ventures, a privately owned technology investment company, has launched the ChannelUp Fund, a private placement investment fund designed to accelerate and expand the firm’s technology venture capital investments.
The ChannelUp Fund will place a minimum investment of USD500,000 of start-up capital into each new investment that Channel Mark Ventures makes.
ChannelUp funding will allow for Channel Mark Ventures to add to its expanding portfolio of private placement technology investments, while also significantly shortening the average time of bringing a technology product or service to market.
Danny O’Shea, chief executive and founder of Channel Mark Ventures,
Walkers has invited a number of lawyers across its global network to join the partnership, as the firm expands further in key markets to support the continued growth and requirements of its clients.
Six highly experienced individuals have been promoted to partner across five of Walkers’ international offices. With promotions in all of the firm’s main practice areas, this represents a significant expansion for Walkers, taking the firm’s total number of partners to 59.
Walkers’ new partners collectively represent some 75 years of legal experience and the promotions take place in the following jurisdictions and practice groups:
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