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A delegation of Guernsey practitioners is heading across the Atlantic to promote the Island as a major centre for investment funds business.
Peter Niven (pictured), Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, is leading the team to New York and then Boston in the first week of June.
There will be a particular focus on promoting Guernsey’s experience and expertise in catering for private equity funds business.
Niven says: “During the last decade Guernsey has built a strong reputation as a leading jurisdiction for domiciling and servicing private equity funds. In that time
August Equity has completed a buy-in management buy-out (BIMBO) in Aspirations Care Group (Aspirations), a community care services provider specialising in supporting individuals with complex and challenging behaviour.
Aspirations is headquartered in Gloucester and provides high quality and specialist supported living and community support for children and adults who have mental health problems and/or profound learning disabilities, autism and those who can display complex and challenging behaviours. It currently provides services nationally to over 700 people and employs over 1,000 staff.
August Equity is backing a strong team led by CEO, Christine Cameron. Christine has 20 years’ experience in the
Scott A Schoen (pictured) has stepped down as Vice Chairman of private equity firm Thomas H Lee Partners. He will remain a Senior Advisor to the firm.
Schoen joined THL in 1986, served as Co-President of the firm from 2003 through 2009, and as Vice Chairman since then. He will continue to serve as a board member of Acosta, Inc. and Nielsen Holdings NV, both current portfolio companies of THL.
Schoen says: “It has been a privilege to work with my colleagues at THL, our portfolio companies and our limited partners over the last 26 years. I am proud of
Macquarie Group Ltd (Macquarie) is acquiring a 42.5% stake in sugar and ethanol advisory, supply chain management and trading firm C Czarnikow Ltd from Wilmar International Ltd, which will cease to be a shareholder.
Bringing significant expertise in agricultural risk management, Macquarie will work alongside co-shareholders, Associated British Sugar and Czarnikow management, to support the company’s growth and future development.
This revised structure has no impact on Czarnikow Group Ltd’s day-to-day operations.
Robin Cave, CEO of Czarnikow Group Ltd, says: “We have achieved a balanced shareholding structure with the necessary expertise and flexibility to help us achieve future
Safeguard Scientifics, a holding company that builds value in growth-stage life sciences and technology companies, has appointed Dr Keith B Jarrett to its board of directors.
Jarrett has more than 25 years of experience in venture capital, private equity and finance technology, driving value for customers, shareholders, investors and employees. His appointment increases Safeguard’s board of directors to nine members.
"We are pleased to welcome Keith to our board of directors," says Peter J Boni, President and Chief Executive Officer of Safeguard. "Safeguard, our partner companies and our shareholders will benefit from Keith’s proven expertise in financial technology, venture capital
Financing of US solar projects is in the midst of a transformation, with new business models, new investors, and new financing vehicles gaining sway, according to new research by specialist research firm Bloomberg New Energy Finance commissioned by Reznick Group.
US solar projects have historically been bankrolled by some combination of energy sector players, banks, and the federal government, but the landscape is rapidly changing. New business models are emerging with an emphasis on third-party financing. New investors, including institutional players, are entering. And new financing vehicles such as project bonds and other securities are being assembled to tap the
The total value of funds business in Guernsey grew by GBP8.7 billion (3.3%) during the first quarter of the year.
New figures from the Guernsey Financial Services Commission (GFSC) show that the first quarter growth follows a drop of just more than GBP10 billion in the final quarter of last year and has taken the total net asset value of funds under management and administration in the Island to GBP270.1 billion at the end of March 2012.
This represents growth of GBP6.4 billion (2.4%) year on year.
Fiona Le Poidevin (pictured), Deputy Chief Executive of Guernsey Finance – the promotional
Global financial information services company Markit has agreed to acquire Cadis, a global enterprise data management specialist platform.
Cadis’s platform addresses a multitude of data management needs including front-to-back office integration and data frameworks for trading, pricing, risk and compliance management.
The acquisition comes at a time when financial institutions are becoming increasingly reliant on EDM platforms to manage their big data challenges, reduce risk and comply with new regulations including Dodd-Frank, Basel III and Solvency II.
Lance Uggla (pictured), CEO of Markit, says: “Data management is top of our customers’ agenda; the scale and sophistication of the data they
Japan’s credit rating downgrade was not a surprise, says Andy Tidby, Product Manager Japanese Equities, Invesco…
Japan’s debt is too high, which is both obvious and well known, and its credit rating has been under pressure for some time. In that sense the downgrade was not a surprise, although the timing is interesting given that Prime Minister Noda has staked his political future on increasing the consumption tax, which is a key pillar in addressing the debt issue over the long term. There are political difficulties in passing the necessary legislation, but a decision is likely either way in the
Golden Seeds has joined a list of top-tier investors in Triptrotting, Inc’s Series A financing of USD1.5 million.
Triptrotting is a global community connecting world travellers with like-minded local hosts for meet-ups and authentic experiences. Co-investors included Google Ventures, Idealab, LaunchpadLA, 500 Startups, WI Harper Group and individual angel investors. The capital will fuel further development of the company’s social platform as well as providing marketing power to expand its global user base.
Triptrotting’s mission is to connect people with similar interests from different corners of the world, who otherwise might never have met each other. Through face-to-face interaction, people
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