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The World Economic Forum should consider how participants can play more of a role in investing to fill the ‘missing middle’ equity gap in the emerging markets, according to Aureos Capital.
Aureos is a private equity fund management company specialising in investing in small and medium sized businesses (“SMEs) in emerging markets.
The “Missing Middle” refers to the funding gap that exists for SMEs in the emerging markets. While much attention has been placed on increasing access to debt for these businesses, Aureos says that there is still a huge shortage of professional, patient capital to address the challenges
HelloWallet, a provider of personalised financial guidance, has secured USD12 million in Series B funding. Chicago-based Morningstar invested USD6.75 million and DC-based TD Fund (TDF) invested USD4 million. Existing investors and new investors also participated in the round.
Morningstar is a leading provider of investment research, reaching more than 20 million workers with its retirement advisory services. HelloWallet offers personalised financial guidance to employees of Fortune 1000 companies. Initially, Morningstar and HelloWallet plan to co-market their services to employers and 401(k) providers and in the future expect to further integrate their services.
This investment and new agreement with Morningstar comes
First more jobs and now a resurgent economy – January has seen President Obama’s undeclared re-election campaign make a dream start, says Marcus Bullus (pictured), trading director at MB Capital…
The fourth quarter GDP figures may have undershot predictions. But any disappointment should be mitigated by one plain truth – they are the best evidence yet that the American economic giant is stirring from its slumber.
The markets had hoped for better – so this solid rather than stellar performance may not be enough to keep this month’s raging bull of a market from charging upwards and onwards.
Octopus chief executive Simon Rogerson (pictured) has welcomed the UK Court of Appeal’s decision to uphold the ruling that the DECC’s changes to the subsidy for solar installations, is unlawful.
“This is good news for the solar industry,” says Rogerson. “It means that solar installations built after the 12 December deadline imposed by DECC will collect the higher Feed-in Tariff rate, although the 3 March deadline still remains in place. For many solar companies, this three month grace period will be a lifeline.
“But from the perspective of Octopus and our investors, the ruling makes little difference. When DECC made
Foreign companies acquired majority stakes in 131 Indian companies during 2011, registering a 30% rise in such transactions as compared to the previous year, according to a study by Venture Intelligence, a research service focused on Private Equity and M&A transaction activity in India.
Of these Inbounds deals, there were 65 deals with an announced value of USD9.99 billion. In comparison, 2010 had witnessed a total of 101 inbound deals, of which, there were 50 transactions with announced values totaling almost USD8.4 billion.
The largest inbound M&A deal by value announced during 2011 was Vodafone’s March 2011 buyout of the
Rutland Partners, the specialist turnaround and restructuring investor, is selling Attends Healthcare Group to Domtar Corporation for an enterprise value of EUR180 million. The transaction is conditional only on customary regulatory clearances and is expected to complete in late February.
Rutland acquired Attends, a European leader in branded and own label incontinence products, from 3i in July 2007 for EUR93.5 million and has invested over EUR25 million in support of management’s plan to restructure operations and develop the product portfolio. Products are manufactured in Aneby, Sweden and supplied across Northern and Western Europe through a mix of reimbursement, retail and contract channels.
The
Carey Olsen and Heritage International Fund Managers Limited (HIFM) have acted for Better Capital Limited, an existing Guernsey closed-ended fund listed on the London Stock Exchange (LSE), on its conversion into a protected cell company (PCC) with the interests of the existing listed fund forming the 2009 cell, and the launch of its second cell, the 2012 cell.
The 2012 cell has raised GBP169.9m of new money to invest in Better Capital’s second fund, Better Capital Fund II (“Fund II”). The new money was raised under a placing and an open offer to existing shareholders. Like the 2009 cell, the
SEA Medical Systems, a healthtech company focused on safety and management of IV medicine, has closed a USD3 million Series B investment with Chicago-based venture capital firm JK&B Capital, which specialises in investments in Information Technologies, healthcare and communication markets.
As part of the agreement, Chairman of JK&B Capital David Kronfeld, and Quantum Technology Partners’ Barry Dickman joined SEA Medical’s board of directors. Proceeds from this investment will allow SEA Medical to accelerate development of its IV products and expand its technology into additional medical applications.
"Thousands of people are killed or seriously injured in US hospitals each year when
By Peter Niven – Guernsey has an investment fund industry with a heritage that stretches back half a century. During the past two decades, the sector has seen a gradual yet sustained shift where the balance of business has moved from being largely retail, equity-traded/cash-based schemes to predominantly institutional, alternate and niche funds.
The period included significant growth, particularly of esoteric asset classes through the middle of the last decade. This experience means that Guernsey has built a wealth of expertise and first class infrastructure for the structuring, management, administration and custody of not just traditional funds but also alternatives,
Renaissance Asset Managers (RAM) has acquired the investment management mandate for two further Emerging European funds within Griffin Umbrella Fund plc with assets totalling USD116m. This development follows the acquisition of the Griffin Eastern European Fund with assets of USD252m, one of the oldest and best established funds in the emerging markets universe, announced in December 2011. Following this final transaction, total RAM assets under management will rise from USD2.4bn to USD2.8bn.
RAM is taking on takes on the management of the Griffin Ottoman Fund, a UCITS IV equities strategy with a focus on Turkey and broad Eastern European and
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