Latest News
Jersey will become the first of the Crown Dependencies to offer Incorporated Limited Partnerships (ILPs) and to create a dedicated and distinct law for the constitution of Separate Limited Partnerships (SLPs). Both new structures will further enhance Jersey’s international appeal as a domicile for funds and other investment entities.
It was announced at the annual Jersey Finance funds conference and exhibition in London yesterday that SLPs will be able to be formed in Jersey from 20th April and ILPs from 24th May.
Heather Bestwick, Technical Director of Jersey Finance, says: ”The new Separate Limited Partnership and Incorporated Limited Partnership
International law firm Eversheds has advised NVM Private Equity Limited on its investment of GBP7.5 million of development capital into wholesaler Kitwave Limited.
Kitwave is a wholesaler of tobacco, alcohol, confectionery and soft drinks. It is one of the fastest growing companies in the North East of England, having successfully increased its turnover from circa GBP15 million to over GBP100 million since 2006. Further investment will support the company’s strategy to continue growth through consolidation.
In 1987 Kitwave was established as an acquisition vehicle set up to purchase M&M Value Limited, an established small confectionary wholesale business, which at
Carne Global Financial Services has added a senior figure in the Irish funds industry to its growing list of experienced independent fund directors, with Mary Murphy joining the firm as a Managing Director, Alternatives.
Murphy, who will be based in Carne’s Dublin office, is a well-known figure in the Irish funds business, having been a founder and a member of the senior management team at International Fund Services (Ireland) Limited, a State Street company (IFS). From IFS’ launch in 1996, she focused on the growth of its hedge fund administration business and more recently on State Street’s private equity fund
Private equity real estate firm Benson Elliot Capital Management has successfully leased up the entire CBXII building in Milton Keynes. On the strength of this letting success Benson Elliot has secured a new five-year, GBP12.4 million financing facility with Santander.
The letting milestone was achieved within one year of the property being acquired by Benson Elliot Real Estate Partners II L.P., in spite of the challenging market environment.
Benson Elliot secured a ten year lease for more than 7,000 sq ft to Global Radio Limited, the UK’s leading radio company and operator of well known brands including Capital
The fund managed by BNP Paribas Clean Energy Partners GP Ltd has acquired 100% of Gruig Wind vFarm Ltd, which owns and operates a 25 megawatt wind farm in County Antrim, Northern Ireland from RES UK & Ireland Ltd.
The Gruig wind farm began commercial operation in April 2009 and is forecast to generate electricity equivalent to the needs of 14,000 households every year.
Joost Bergsma, CEO of the fund, says: "This acquisition complements our previous acquisition in Ireland, and maintains our momentum towards a larger portfolio that we are building in Northern Ireland and the Irish Republic. Both
Driven by a small number of funds that held large closes, US and European private equity fund-raising rebounded in 2011. According to figures from Dow Jones LP Source, US private equity funds secured USD31.6 billion for 89 funds during the first quarter, more than double the USD13.5 billion raised for 81 funds during the same period last year. All sectors except Mezzanine raised more capital than the same period last year.
European firms collected USD8.2 billion during the quarter, up 39% from the USD5.9 billion raised a year earlier, although the number of closings declined to 22 from 32, according
Association of Investment Company (AIC) figures show that GBP365 million was raised by the VCT sector during the 2010-2011 tax year; more than the GBP344 million that was raised in the 2009/10 tax year and the fourth highest amount since VCTs were first launched in 1995.
Ian Sayers, Director General, Association of Investment Companies says:
“The considerable capital raised by VCTs in the last tax year will help VCTs to continue to support smaller UK companies and play their part in establishing the UK as a home of enterprise.
“The level of investment in VCTs has increased year on
The Blackstone Group (NYSE: BX) has announced the First Close of its RMB Fund – the Shanghai Blackstone Equity Investment Partnership (Limited Partnership).
Blackstone has received commitments from Chinese government entities, state-owned enterprises, and large domestic corporations. The target size of the Fund is RMB 5 billion and is intended to make growth equity investments in companies in China.
Promus Equity Partners LLC, the private equity arm of Promus Capital, has acquired ProSteel Security Products Inc. Terms of the deal have not been released, though the firm said that senior debt was provided by US Bank.
Based in Provo, Utah, ProSteel is a leading provider of gun safes marketed under the Browning ProSteel brand, as well as other vault doors and security enclosures. The company is well-regarded for its superior product design and high quality security products.
“The company’s differentiated products and proprietary technologies, marketed in partnership with Browning, made this an attractive investment opportunity for us,” says Zach
USA Synthetic Fuel Corporation (OTCQB: USFC), a cleantech company focused on ultra clean btu converter commercial deployment, is to receive up to USD20m in investment funds from Kodiak Capital Group, LLC, a New York-based institutional investor.
"We are pleased to receive this commitment from Kodiak, a well respected team that has shown confidence in our growth strategy," says Dr Steven C Vick, President and CEO of USA Synthetic Fuel Corporation. "This agreement provides added flexibility to raise additional capital, at very short notice, at a modest discount. The availability of additional working capital will help us strategically grow the business
Special Reports
Featured
- Insight
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
