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Vision Capital has announced a partnership with Speyside Equity (Speyside), a Philadelphia-based private equity group, to acquire investments in its portfolio of two companies. The transaction remains subject to customary regulatory clearances.
Vision Capital will acquire a majority stake in German-based United Initiators and a minority stake in US based Sweet Ovations from Speyside. United Initiators, which has an annual turnover of over EUR150 million, is a leading speciality chemical business focussed on the manufacture of organic peroxides and persulfates, with operations in Germany, the US, China and Australia. Sweet Ovations is a leading supplier of custom formulated food ingredients
European private equity firm Silverfleet Capital has agreed to invest in Aesica Pharmaceuticals, one of the UK’s fastest growing companies. Completion, which is subject only to obtaining clearance from the German authorities, is expected to occur within the next four weeks.
Headquartered near Newcastle, Aesica has the expertise to both develop and manufacture primary (API) and secondary stage (finished product dosage forms) pharmaceuticals. Aesica partners with pharmaceutical companies throughout the key stages of a drug’s life cycle to supply product from the early stage through to final commercial supply.
Silverfleet Capital has agreed a majority investment with Aesica replacing that of LDC and
HALO Networks has closed a Series A round of GBP1.6m led by Nauta Capital and DN Capital.
Nauta Capital invested from its recently closed Nauta Tech Invest III fund of EUR105m. This is the 9th investment from this fund. DN Capital invested from its second fund GVCII and this is the 15th investment from GVCII.
HALO Networks, founded in London in 2011, is a company focused on improving the mobile data experience. Its first solution, a seamless and secure 3G to Wi-Fi offload experience for smartphone and tablet users, addresses the problem of mobile data network congestion caused by unprecedented
The Association of the Luxembourg Fund Industry (ALFI) has set out its ambition for the Luxembourg Fund Centre to be a global centre of excellence for the asset management industry, thereby creating opportunities for investors, fund professionals and the global community as a whole.
Marc Saluzzi (pictured), Chairman of ALFI, says: “The world we live in is experiencing rapid and radical shifts at political, social and economic levels; ALFI fully understands that this has significantly influenced investor demands for performance and safety, efficiency and innovation. ALFI has therefore developed its Ambition Paper which identifies five key objectives which we
Despite falling equity prices across Europe, there has been a sharp rise in the purchase of European blue chip American Depositary Receipts (ADRs) – securities issued by European companies and traded on US exchanges, says Chris Hanley, Regional Manager UK and Ireland, BNY Mellon…
Issuance of European ADRs has hit record levels in 2011 with 34.4 billion depositary receipts (DRs) being traded globally compared to 31.5 billion for 2010 – a 9% year on year increase. However, for August the figures show a dramatic 117% increase from 2.9 billion ADRs traded in August 2010 rising to 6.3 billion ADRs in
Ashurst and Blake Dawson have announced plans to combine their businesses in Asia and merge their operations globally, creating a new and powerful legal presence in the international market under the Ashurst name.
This follows a positive vote of both partnerships, which took place on 23 September 2011.
Ashurst and Blake Dawson have a shared vision to build a premier global law firm. At the outset, the firms will combine their practices in Asia to offer scale, depth and reach in the fastest growing region of the world. The combination will provide significant opportunities and competitive advantages, building on
The Merrill Lynch Global Wealth Management Report 2011 published earlier this year found that HNWIs, at the end of 2010, were allocating 33 per cent of their portfolios into equities. The S&P 500 Index gained around 11 per cent, whilst the likes of commodity futures such as corn doubled in value.
2011 however has been a different story. According to Andreas Feller (pictured), Head of Investment Advisory, Zurich, for Swiss private bank, Julius Baer, there’s been a huge shift over the last six weeks into cash. He estimates that clients’ portfolio allocation into equities has probably dropped to 25
Compushare and Advanced Fund Administration (AFA) have announced a partnership whereby AFA clients will have access to Compushare, Inc’s full suite of technology based solutions including the firm’s fully hosted cloud computing platform, which allows the funds to eliminate technology assets and avoid the cost of owning and maintaining a technology infrastructure.
"Compushare will provide our clients with a secure, compliant and efficient technology environment including remote and mobile access which will enable them to concentrate completely on their business rather than their infrastructure," said Peter M O Young, AFA President & CEO. "We are excited to be able to
Compass EMP Funds has closed a private equity offering to secure growth capital. The offering was fully subscribed and proceeds will be used to accelerate the nationwide marketing and distribution of the Compass EMP Mutual Funds to financial advisors and their broker-dealer platforms.
"We are excited to partner with this collection of private investors who believe in our vision and wish to participate in our continued growth," says Rob Walker, president of Compass EMP Funds. "Financial advisors are seeking new strategies for their clients in these volatile markets. By making our mutual funds available more broadly, we hope to be
Mid-market private equity firm Palamon Capital Partners is to sell portfolio company SAV Credit to Värde Partners in a transaction valued at GBP472 million. The transaction is subject to competition clearance.
Palamon has supported the development of SAV from its founding by entrepreneur Richard Langstaff in 2002 to being the UK’s leading non-standard credit card provider managing approximately 500,000 credit card accounts with more than GBP600 million in credit card assets. Palamon partnered in this deal with co-investors Morgan Stanley Alternative Investment Partners and Electra Private Equity who provided additional equity support over several funding rounds.
Since its start-up, SAV established proprietary
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