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AXA Private Equity and Polish private equity adviser Resource Partners have together acquired a majority stake in SIA Baltkom TV (Baltkom), Latvia’s largest cable television operator. This transaction represents the first joint investment by AXA Private Equity and Resource Partners, who entered into a strategic partnership in May 2010.
Baltkom is the largest Latvian cable television operator, offering pay-TV, internet and telephony services in Riga and in other Latvian cities. It provides a range of bundled offers and services over its hybrid fibre-coax (HFC) and next-generation fibre optic IP networks. It will continue to roll out its fibre technology
Lightyear Capital, a private equity firm that focuses on financial services, along with co-owner Insight Venture Partners, has entered into a definitive agreement to sell ARGUS Software, Inc to Altus Group Limited (TSE:AIF) forUSD$130 million.
Through its affiliated investment fund, The Lightyear Fund, L.P., Lightyear invested in Realm Business Solutions Inc. in 2006, which was renamed ARGUS Software, Inc.
Lightyear identified ARGUS as a company with strong management, significant growth opportunities and an attractive recurring revenue business model as part of its financial technology sourcing activities. Since Lightyear’s investment, ARGUS completed two acquisitions that broadened its product offerings and
Skandia Investment Group (SIG) CIO James Millard explains that, despite the earthquake in Japan and rising oil prices, the company remains bullish on global equites…
We remain overweight global equities. The February Purchasing Managers’ Indices (PMIs) were very strong, suggesting that the global economy was growing very strongly in 2011 Q1. However, the earthquake in Japan and the rise in the oil price could turn what would have been a ‘great’ year for global growth into a ‘good’ one.
We think that the global equity rally that began in 2009 will continue, supported by the ongoing economic recovery, favourable
New York-based TRB Acquisitions, LLC has purchased Rugged Bear’s intellectual property assets, which include Rugged Bear and Live Life Rugged trademarks, logo’s, website, style and pattern books. The company declared bankruptcy in January 2011. TRB Acquisitions, LLC will add Rugged Bear to its portfolio, re-launching the brand in stores nationwide.
Rugged Bear, a Boston based children’s retailer known for high quality children’s clothing had been in business since 1980 and operated over 30 stores from New Jersey to Maine.
"Rugged Bear has built an iconic brand in the Northeast that is synonymous with classic, durable children’s clothing and accessories,"
f-star GmbH, a biopharmaceutical company developing a new generation of antibody based products using its Modular Antibody Technology platform, has closed a EUR15 million financing. The investment was led by SR One, the corporate venture capital arm of GlaxoSmithKline.
All of f-star’s existing investors, Atlas Venture, Aescap Venture, Novo Ventures, TVM Capital, Merck Serono Ventures and MP Healthcare Venture Management, also participated in the round. As a result of the financing SR One Partner Dr Deborah Harland (pictured) and Dr Axel Polack of TVM Capital will join f-star’s Supervisory Board.
“f-star has shown that its Modular Antibody Technology platform can
Sugar Inc has completed a USD15 million later-stage round of financing led by Institutional Venture Partners (IVP), one of the premier later-stage venture capital and growth equity firms. The company’s original and consistent partner Sequoia Capital also participated in the round.
Sugar intends to use the funds for brand extensions, acquisitions, and international growth in pursuit of its goal of becoming the world’s largest media company focusing exclusively on women’s lifestyle. This round brings Sugar’s total funding to USD46 million.
Sugar is the online leader in original content, social media, and commerce targeting trendsetting women, with a global audience of
Ipes Guernsey has grown its senior operational team with the appointment of Craig Long as Client Director. Long’s appointment comes in response to the continued growth of the Guernsey business, which has taken on eight new mandates during Q1 2011 and moved into larger premises at the end of 2010.
As Client Director, Long will play a lead role in managing and developing a number of the firm’s key client relationships. He also takes on overall responsibility for client accounting and reporting matters.
“Ipes has a really strong reputation in the private equity industry and this, combined with the
New compliance requirements arise in November this year for many UK finance industry firms, including hedge fund managers, dealers, traders, stockbrokers and some financial advisers. For the first time, it will be mandatory to record mobile telephone conversations, in a bid by the Financial Services Authority (FSA) to crack down on market abuse.
Some firms had hoped that simply prohibiting employees from using their mobile phones for business-related calls would avoid the need to implement mobile call recording solutions, but at a seminar hosted by Voxsmart, in conjunction with Actiance, this approach was rejected by the FSA representative as insufficient
Following a statement from PDL International’s Sven Kuhlbrodt, in favour of alternative asset investment, Alternative Asset Analysis (AAA) partner, Anthony Johnson, has added his support for this investment approach.
"I strongly agree with Sven Kuhlbrodt’s comments about diversifying a portfolio to minimise risk," says Johnson. "He pointed out that as well as diversifying a portfolio, investing in alternative assets, such as forestry – which do not typically follow the performance of traditional financial markets – is a sensible additional strategy during these particularly volatile times."
Both Kuhlbrodt and Johnson believe that the recent political turmoil in the Middle East and
The Isle of Man has signed a Tax Information Exchange Agreement (TIEA) with Mexico. The TIEA was signed by Mexico’s Minister of Finance and Public Credit, Ernesto Javier Cordero Arroyo, in Mexico City on 18th March 2011 and by Manx Treasury Minister, Anne Craine MHK, in Douglas on 11th April 2011, and exchanged by post.
This is the Isle of Man’s 21st TIEA and its 25th agreement that meets the OECD international standard on tax co-operation and transparency.
Minister Craine says: “The signing of this agreement is an important step in building closer relations between Mexico and the Isle of
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