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Offshore law firm, Mourant Ozannes, has opened an office in Hong Kong to provide clients and intermediaries with access to the firm’s offshore legal services in an Asian time zone.
The office opening has been timed to coincide with celebrations for Chinese New Year, giving Mourant Ozannes’ Asian office an auspicious start date in 2012 – the Year of the Dragon.
The office has opened with three partners and will focus initially on investment funds, corporate and finance work for which the firm has an international reputation.
Paul Christopher (pictured), who specialises in corporate, investment funds and finance work, has
AnaCap Financial Partners has promoted Justin Sulger and Fabrizio Cesario, Head of Credit Opportunities and Mergers & Acquisitions respectively, to Partner.
Justin joined AnaCap in July 2006, shortly after inception, as part of the Business Services team, before building out the firm’s Risk & Liability Management function and launching AnaCap’s credit investment strategy. Fabrizio joined the firm in May 2010 and has more than 18 years of experience, advising leading European financial institutions and executing M&A transactions on both the buy and sell side.
Joe Giannamore, Co-Managing Partner at AnaCap, says: “Justin and Fabrizio have both made demonstrable contributions to
Saugatuck Capital Company has made an investment in Tulip Molded Plastics Corporation. Saugatuck teamed with management to acquire the assets of the Molded Products Division from Tulip Corporation in a leveraged buyout. Saugatuck provided equity capital through its investment vehicle Saugatuck Capital Company VII LLC which, along with management, owns 100% of Tulip.
First Niagara Bank provided the senior debt financing and Ironwood Capital and Harbert Mezzanine Partners provided the mezzanine financing as well as an equity investment.
Founded in 1982, Saugatuck Capital Company is a long-established private investment firm committed to leveraged recapitalisations, buyouts and growth equity investments in
Sturgeon Ventures LLP, the regulatory incubator, has established three of its fund manager clients in Malta, a jurisdiction it sees as set to attract an increasing number of start-up financial firms.
Low cost, efficient regulation and access to the European Union are the three key attributes that are putting Malta increasingly on the wish-list of financial firms looking for a regulatory jurisdiction, says Seonaid Mackenzie, Managing Partner at Sturgeon Ventures.
The three clients that Sturgeon has guided to Malta include hedge fund Tertius European Absolute Return, which returned 5.42% in Q4 2011, putting it in the 93rd percentile of
Jersey has extended its funds regime through the introduction of the Private Placement Fund to widen the choice available to investors.
Private Placement Funds are closed ended funds available to a limited number of sophisticated institutional or professional investors. Similar in scope to the existing COBO (Control of Borrowing Order) private funds, the new fund offering is designed for ‘fast track’ approval, usually within three business days.
Private Placement Funds will sit within the COBO framework and will complement the existing Expert Fund regime which also provides a streamlined approval process and has helped position Jersey as a leading European
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
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