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arGEN-X, a biopharmaceutical company focused on the discovery and development of human monoclonal antibodies from its proprietary SIMPLE Antibody platform, has closed a EUR27.5 million (USD37 million) Series B fundraising round, which was oversubscribed.
The fundraising was co-led by OrbiMed Advisors (USA) and Seventure Partners (France), with the existing shareholders Forbion Capital Partners, Credit Agricole Private Equity, LSP, BioGeneration Ventures, the Erasmus Biomedical Fund, Thuja Capital and VIB also participating. OrbiMed’s founding partner, Dr Mike Sheffery, will join the arGEN-X Supervisory Board.
arGEN-X is developing a highly innovative pipeline of human antibody products from its proprietary SIMPLE Antibody platform. The
StepStone Group is to acquire the funds management business of Parish Capital Advisors, LLP (Parish Capital), a private equity investment manager with USD2 billion in assets under management. The acquisition is expected to close in January, 2012 and is subject to customary closing conditions. Terms of the transaction were not disclosed.
Parish Capital, founded in 2003, focuses on investments in "ESN" managers, or experienced fund managers of small private equity funds with niche-focused investment strategies. It offers institutional investors access to an attractive, but difficult to analyse segment of the private equity market. It is led by Managing Partners David
Lloyds Bank Corporate Markets Acquisition Finance, a provider of leveraged debt to support private equity-backed transactions, has promoted former Head of European Origination, Ian Brown, to lead the division.
Having joined Lloyds Bank Corporate Markets Acquisition Finance as a Managing Director in 2006 following 13 years at UBS, Brown established a market leading private equity related debt underwriting business, increasing the bank’s support to the larger private equity funds operating across Western Europe.
The team has undergone significant growth in recent years and has been instrumental in structuring some of the most successful sponsor-backed financings in Europe, including BC
ABS Group of Companies, Inc has entered into an agreement to acquire Safetec Nordic AS (Safetec), a provider of integrated risk and asset management services. The programs and services of Safetec will strengthen and expand those of ABS Consulting (a subsidiary of ABS Group).
ABS believes that combining the talent and resources of these two entities will result in a consulting organisation that can deliver clients more timely and innovative solutions for today’s operational and business challenges.
Safetec’s focus has been serving customers in the offshore, marine and land-based industries from their key operating centres in Norway, the UK and
Global financial crises and continued market volatility have transformed attitudes toward investing. As managers respond to the evolving needs of investors and their advisors, previously segregated products and segments are converging, according to a new paper from SEI.
Regulated Alternative Funds: The New Conventional, which evaluates the opportunities and challenges managers face when launching and distributing alternative investment strategies in a registered mutual fund or UCITS format, says the convergence is seen in growing capital flows into regulated alternative investment products, most often in the form of UCITS funds and US-registered mutual funds.
During the first half of 2011, more
Jay Gould, partner with law firm Pillsbury Winthrop Shaw Pittman, says the SEC’s recent decision to charge three investment advisers over compliance failures sends a ‘clear signal’ that the regulator is ‘serious about adviser compliance’…
On November 28, 2011, the SEC charged OMNI Investment Advisors, Inc of Utah, Feltl & Company Inc. of Minneapolis and Asset Advisors LLC of Troy, Michigan for failing to adopt and implement compliance procedures designed to prevent securities law violations.
The three enforcement actions discussed below should send a clear signal to investment advisers that are already registered and have implemented written compliance policies and
International law firm Milbank, Tweed, Hadley & McCloy LLP represented O3b Networks in their USD137 million financing for a series of four additional satellites to support super-fast broadband connections to Africa and other emerging markets. The project has been described by the BBC as “one of the most ambitious commercial space projects of the decade.”
In 2010, Milbank represented O3b Networks in its USD1.2 billion financing of the purchase from Thales Alenia Space of its first eight medium earth orbit satellites. This year’s financing of four additional satellites will serve to significantly boost both the throughput and redundancy of
Yannick Naud (pictured), Portfolio Manager at Glendevon King Asset Management is execpting further central bank intervention…
This type of coordinated emergency intervention is reminiscent with what has been done during 2008-2009. The liquidity situation today is in fact much worse than during 2008 for a large number of institutions for example within the Eurozone area.
We should expect further intervention I think in the near future given the seriousness of current economic woes.
So far Quantitative Easing for example were unilateral moves from National Central Banks. It might not be farfetched to imagine six central banks deciding on a new
Oxford Investment Opportunity Network (OION), a European technology business angel network, is to participate in the Business Angel Co-investment Fund (Angel CoFund) announced by the UK government that will provide GBP50 million to invest in high growth companies alongside business angels.
OION was established as one of Europe’s first business angel networks in 1994 and remains one of the few private sector angel networks in the country. Today, OION and two sister investment networks in the group, Thames Valley Investment Network and Oxford Early Investments, assist growing companies across the UK to secure crucial business development funding from £20,000 to
Michael Madia has joined RREEF Infrastructure, the infrastructure investment business of Deutsche Bank’s Asset Management division, as a Director and Operating Partner in New York. He is responsible for helping to identify investment opportunities and optimise the performance of energy infrastructure portfolio assets in North America. Madia is based in New York and reports to William Reid, a Managing Director and Head of RREEF Infrastructure Americas.
Madia has over 30 years of operational experience in the energy industry, most recently as Chief Operating Officer of Fisherman’s Energy, LLC an offshore wind developer, where he was responsible for project development, finance,
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