Helvetic Fund Administration Ltd, Gibraltar’s longest established fund administration company, has completed the acquisition of Capita Financial Administrators (Gibraltar) Ltd (Capita). The acquisition sees the transfer of Capita Gibraltar staff and over GBP500 million of assets under administration to Helvetic.   Helvetic Fund Administration has operated in Gibraltar since 1998. As the first fund administration company in Gibraltar, Helvetic was licensed by the Financial Services Commission (FSC) in Gibraltar with the introduction of a licensing regime for the fund administration industry. Helvetic has extensive experience in supporting sophisticated hedge fund structures and investment vehicles. The company focuses on maintaining a

North America’s switch on to energy efficiency has driven its position in the global renewable M&A market in the last 12 months, and could act as a driver for the region to become the dominant renewables market within three years, according to new analysis by PwC. PwC Renewables Deals, the annual sector analysis of M&A transactions globally, reports that globally volumes of transactions in the sector were up, but overall values were down to USD33.4bn (2009: USD48.8bn). Across the world, market interest returned, with North America bouncing back to almost match deal values in Europe in 2010, with close to

Legolas Media has closed USD5 million in Series B venture capital funding, led by venture capital firm Valhalla Partners. This new funding enables the company to expand services and better serve its existing client base.   The funding round also included participation from Legolas Media’s current investors, Greylock Partners and Blumberg Capital. As part of the funding, Kiran Hebbar from Valhalla Partners will be joining the Legolas Media board. The Legolas solution, a next generation marketplace, is enabling direct, guaranteed and ‘futures’ like audience trading between digital media buyers and premium publishers. Agencies and Advertisers utilise the Legolas platform to

Following a management buy-out, Tectura Corporation has transferred its stake in Tectura GmbH, Berlin, to its long-standing chief executive and minority shareholder, Uwe Bergmann. Tectura is a leading provider of business consulting and services related to implementing and integrating Microsoft Dynamics technologies. Going forward, Uwe Bergmann will manage the company independently of the Tectura Group. A team led by Tax and Corporate partner Jesko Nobiling (lead partner) advised Uwe Bergmann on all aspects of the management buy-out and Tectura GmbH on operational implementation of the transaction. The Tectura Group and Tectura GmbH also signed a partner agreement which allows the

Hutton Collins has provided a combination of mezzanine and equity financing to support Duke Street’s acquisition of wagamama from Lion Capital. Hutton Collins has taken a minority equity stake, while the rest of the business will be held by Duke Street and management.   Funds managed by Hutton Collins Partners have invested in Wagamama on two previous occasions, initially supporting Graphite Capital in its 2004 recapitalization of the business, and subsequently backing Lion Capital’s acquisition in 2005. This is Hutton Collins’ fourth growth capital deal in the past 12 months, following investments in IT services company 2e2, also backed by

Independent fund manager Aston Ventures is primed to make its first acquisition for the recently launched KHG Private Equity Fund. Following a successful period of initial fundraising, a significant level of capital is now available to invest in a portfolio of profitable private companies. The open-ended fund, regulated by the Isle of Man’s Financial Supervision Commission, will continue to fundraise and is forecast to have GBP20 million of capital by the end of 2011. Whilst the vast majority of private equity funds are closed-ended structures, the open-ended nature of the KHG Private Equity Fund will enable investors to take advantage

Funds advised by Apax Partners have entered into a definitive agreement to purchase Trader Corporation (Trader) from Yellow Media Inc. (TSX: YLO) for approximately USD745m. The transaction is subject to regulatory approvals and other customary conditions. The assets being acquired comprise AutoTrader.ca, Canada’s leading online automotive classified marketplace, and approximately 30% interest in Dealer Dot Com, Inc, a leading digital dealer marketing service provider in the United States and Canada.     Mitch Truwit, partner at Apax Partners, says: “This is a very exciting online opportunity in a sector that Apax knows very well thanks to our existing investments in