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Sterecycle, the waste treatment and renewable power company, has raised GBP5.1 million in equity finance from four investors.
New investor Finance Yorkshire led the round investing GBP1.25 million. A second new investor, German businessman Lars Windhorst, and existing investors including Aston Hill Financial from Canada contributed the remaining £3.85 million.
The investment will fund the next expansion phase of Sterecycle’s Rotherham plant which will increase capacity from 100,000 tonnes per annum (tpa) to 175,000 tpa by the third quarter of 2012.
Sterecycle CEO Tom Shields (pictured), says: “We’re very pleased to have two new backers on board and for the
Apex Fund Services (UK) Limited has received authorisation by the UK’s Financial Services Authority (FSA) as a Fund Operator.
As a Fund Operator, Apex’s UK office is now one of a small number of administrators in the country that is authorised to provide independent administration services to regulated collective investment schemes domiciled in the UK. Importantly all UK based investment managers will be serviced locally from London.
Leading the growth of the London office is Colin Targett who joins the Company from Standard Bank in Jersey where he was head of valuations. Colin is a highly experienced fund administrator
The first year of this decade has been a volatile one, with headlines dominated by the crisis in the Eurozone. The average investment company was down 5% over the last twelve months of volatile markets, although it was up 54% over three years following the lows of 2008. All figures are to 30 November 2011.
However, there have been some good performers surfacing from all of the turbulence. Research from the Association of Investment Companies (AIC) has shown that specialist asset classes have fared well over the year, with the top two performing AIC member investment companies belonging to the
As 2011 draws to an end, it is interesting to note that eight of the Top 10 performers on the Lyxor Managed Account Platform (Lyxor MAP) belong to the systematic and model-based kind of managers. Machine 8 – Men 2, says Stefan Keller (pictured), Head of Managed Account Platform Research & External Relations, Lyxor Asset Management…
The fourth quarter bears testimony to an investment environment where emotions have indeed not been easy to control: market stress has forced EU policymakers to take more positive steps than usual at their summits; one US broker dealer filed for bankruptcy; the Greek Prime
Better Capital Limited intends to raise further capital through an issue of new 2012 Shares for investment in a new fund, Better Capital Fund II, to invest principally in UK and Irish turnaround opportunities. A total of GBP158 million has been raised under Firm Placing, with up to a further GBP42 million being made available to existing shareholders under the Offer and conditionally under the Placing.
The CompanyHAS also announced its intention to convert into a protected cell company (PCC) to enable existing and new shareholders to hold shares in an innovative structure.
In total, up to GBP200 million
Centre Partners, a middle market private equity firm with offices in New York and Los Angeles, has acquired Bellisio Foods, Inc, together with the management team of Bellisio. Bellisio is a leading manufacturer of branded and private label frozen foods, based in Minneapolis.
Bellisio is one of North America’s largest manufacturers and distributors of frozen single-serve entrees and meals, sold primarily under the Michelina’s brand. The company also produces private label frozen products for a number of the nation’s largest retailers, and provides co-packing services to leading consumer packaged goods customers.
Bellisio Chief Executive Officer Joel Conner, says: "We are
Enzo Puntillo (pictured) , Head/CIO Fixed Income at Swiss & Global Asset Management, assesses the prospects for fixed income investments…
Inflation linked bonds have continued to post strong absolute returns. The strongest returns came from USD and GBP (4.8% and 6.3% respectively measured by Barclays index data) while returns from Europe lagged.
Over the cyclical horizon, inflation pressure remains subdued in nearly all developed economies. We think that inflation pressure could mount in the next recovery cycle, as huge monetary and fiscal stimulus is at work.
Real yields are low and offer only modest value from an absolute point of
The law firm Ashurst LLP has advised Crédit Agricole SA in it’s sale of Credit Agricole Private Equity (CAPE) to Coller Capital. The sale is subject to authorisation from the competent authorities, which should be obtained in the first quarter of 2012.
Crédit Agricole SA’s decision to sell CAPE forms part of a plan to optimise capital allocation and refocus the bank’s private equity activities on local business. The sale will reduce Crédit Agricole SA’s risk-weighted assets by about EUR900 million. Crédit Agricole SA will continue to provide financing for SMEs through the private equity vehicles owned by Crédit Agricole
Hermes GPE LLP (“Hermes GPE”), one of Europe’s leading independent private markets specialists with assets under management of GBP4.8 billion, has announced a revised ownership structure. Hermes Fund Managers Limited and the Hermes GPE management team have acquired the interests in Hermes GPE previously held by a subsidiary of Henderson Group plc (Henderson).
Hermes GPE will continue to operate independently of its institutional partners and its business strategy will remain unchanged.
Alan MacKay, CEO of Hermes GPE, says: “Hermes GPE has one of the most experienced investment teams in international private equity and infrastructure. We recently announced new offices in
An affiliate of Sun European Partners, LLP (Sun European Partners), the European adviser to Sun Capital Partners has made a cash offer to acquire the entire issued and to be issued share capital of Jacques Vert Plc (Jacques Vert), the womenswear clothing retailer. Under the terms of the offer, shareholders would be entitled to receive an offer price of 21.0p in cash per Jacques Vert share, a 68.0% premium to the closing price on 15 December, 2011.
Headquartered in London, UK, and listed on the Alternative Investment Market of the London Stock Exchange, Jacques Vert began trading in 1972
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