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The start of this year looks very different to 2011 and 2010 even though the themes and stress points remain the same: Risk is cheaper, non government net issuance is negative, investor allocation to financials and growth related assets is low, another upturn in the global liquidity cycle is starting and Euro break up fears recently hit new highs, according to Graham Neilson, chief investment strategist, Cairn Capital…
Cairn has been taking a more positive tactical slant against a structurally bearish economic and deleveraging backdrop. A number of key catalysts for being more tactically positive fell into place during Q4
CN Creative, Ltd (CNC) has raised GBP2 million (USD3.1 million) in a Series A financing round led by Advent Life Sciences. The funds will be used to continue and finalise development of CNC’s Nicadex, a medically approved, electronic nicotine replacement inhaler.
Despite large-scale public health efforts, about 20% of adults in the UK and the US continue to smoke. Smoking remains the most common cause of preventable death in the Western world and generates enormous costs for healthcare systems worldwide. Two-thirds of smokers report that they would like to quit, and about three-quarters of current smokers say they have tried to
Brian McMahon, Managing Director, Business Development Executive, has been appointed as BNY Mellon’s senior alternative industry facing executive in Luxembourg.
McMahon has particular expertise in private equity and real estate and is also being asked to develop business and relationships for EMEA in PE/RE. He previously held roles at Citi and State Street in investment services.
In addition, the company has promoted Valeria Anderson to Senior Salesperson, Vice President, in the company’s London Alternative Investment Services (AIS) business development team. She has 14 years of experience in financial services, six years of which with BNY Mellon, first in the
Acquisitions of insolvent businesses in the UK have continued to fall in 2011, according to research by Experian on behalf of the insolvency trade body, R3.
The figures show that during 2011, 181 out of a total of 3,146 acquisitions in the UK involved companies acquired out of administration or other formal insolvency procedures – equivalent to one in 17 of all acquisitions. This compares to 2010 when distressed deals accounted for one in 14 acquisitions (216 out of 3,003) and the peak of activity in 2009 when distressed deals represented one in nine of all acquisitions (318 out
Dunedin-backed Hawksford is now the largest independent trust company in Jersey following its acquisition of Trustcorp Jersey Limited (Trustcorp), a Jersey based trust and corporate services provider.
This is the eleventh acquisition made by a Dunedin backed business in the last twelve months and is a prime example of Dunedin’s buy and build strategy of backing businesses with international growth opportunities.
The acquisition forms a significant part of the company’s growth strategy and follows recent expansion into the Middle East and Switzerland. Hawksford opened its Dubai office in June 2011 and acquired L-S&S GmbH, a Zurich boutique private wealth law
Mevion Medical Systems has closed a USD45 Million investment from ProQuest Investments and its existing investors, including Caxton Heath Life Sciences, Venrock and CHL Medical Partners.
Mevion is the manufacturer of the MEVION S250 Proton Therapy System. The capital will be used to accelerate the manufacturing and worldwide deployment of the MEVION S250.
Proton beam radiation therapy permits more precise dose targeting by complete proton absorption at predictable tissue depth, allowing the treatment of target volumes adjacent to critical structures without inadvertent dose to sensitive structures. The availability of proton therapy has remained very limited however, due to the enormous
Morgan Stanley Private Equity has formed a strategic partnership with Jesus Reyes-Heroles, the former Director General of Petroleos Mexicanos (PEMEX), to pursue energy investments in Mexico and across Latin America.
The goal of the partnership is to build a leading regional energy company involved in a broad base of investments and related activities across the energy sector. The partnership will focus on investments in energy companies to help enhance business growth, improve profitability and provide valuable strategic and financial guidance.
Dr Reyes-Heroles is an experienced executive in both the private and public sectors of the Mexican energy industry. In the
OpenGate Capital, a global private investment and acquisition firm, has reached agreement to acquire the Latin American (LATAM) portfolio of businesses of global ICT service provider Getronics International, a subsidiary of KPN, a leading telecommunications and ICT provider in The Netherlands.
The acquired portfolio consists of three distinct country-wide operations located in Brazil, Mexico and Colombia, businesses that employ more than 2,000 professionals and provide a highly specialised range of services in workspace management, connectivity, datacenters, and consultancy to the largest global enterprise accounts in each of their respective countries. KPN’s divestment of Getronics LATAM is in accordance with its
The majority of private equity fund managers (70 per cent) – regardless of fund size – expect to close only two or three deals during the next 12 months, according to the third annual PErspective private equity study by BDO USA, LLP, one of the nation’s leading accounting and consulting organisations.
However, that’s an increase from 2011 when nearly half (47 per cent) of fund managers reported closing no new deals and another 19 per cent reported closing only one new deal. Small funds — those with less than USD250 million in assets under management (AUM) — were the
Laurent Vanderweyen (pictured)has joined Alter Domus – an independent provider of professional administration services for multinational corporations and alternative investment funds – as CEO of its Luxembourg office and Global Head of Fund Services.
“I am confident that Laurent is the right person to lead and drive the development of Alter Domus’ Luxembourg office, our firm’s headquarters, and foster our current international Fund Services offering” says Dominique Robyns, President and Chairman of Alter Domus, who is now devoting greater attention to the firm’s international expansion efforts. Since 2007 Alter Domus has established 14 new offices and desks worldwide and has
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