Latest News
The government of Gibraltar has published the text of the new, amended and consolidated Income Tax Act, which ends all distinction between “onshore” and “offshore” business.
The Act lays the foundations for the reduction of company tax in Gibraltar from 22 per cent to ten per cent from 1 January 2011, to coincide with the definitive abolition of the historical tax exempt company regime.
This legislation ends all distinction between “onshore” and “offshore” business. Together with the tax information exchange agreements being entered into by the government, and Gibraltar’s integration in the EU and compliance with EU financial services regulation,
Paragon Wealth Management, a registered investment adviser firm, has created a video on the front page of its website to discuss why active wealth management is more effective than passive.
"There has always been a debate of whether buy and hold is better," says Dave Young, president of Paragon Wealth Management. "My argument for the buy and holders is, ‘how long should you hold?’"
Young has done research to determine the most effective wealth management strategies. He has tried and tested these strategies since 1985.
"There is nothing intrinsic about active management that says it is better," says Young. "It
Kohlberg Kravis Roberts and Usen, the Tokyo-based cable broadcaster and media content provider, have signed a definitive agreement whereby KKR will acquire Intelligence, the recruitment services subsidiary of Usen, for JPY32.5bn (approximately USD356m).
Established in 1989, Intelligence’s three core business areas are permanent job placement, temporary staffing and outsourcing, and job search advertising.
"Intelligence is a dynamic company with a highly capable and enthusiastic management team. As one of the few recruitment services firms in Japan providing such a comprehensive offering, the company is well positioned to take advantage of an anticipated upturn in economic activity. Further growth of the
The Teamsters Union has requested that private equity firms be prohibited from acting as underwriters for the public offerings of companies they control in a letter to the chief executives of NYSE Euronext and the Financial Industry Regulatory Authority.
Teamster-affiliated pension and benefit funds have more than USD100bn invested in the capital markets.
Citing concerns about the Kohlberg Kravis Roberts initial public offering of Dollar General last year, the Teamsters called Finra’s current rules "woefully inadequate to deal with the striking conflict of interests caused by private equity firms such as KKR acting as managers for IPOs of their portfolio
Vanguard Management, a business unit of Vanguard Minerals, has entered into a business development agreement with Genesis Venture Fund India I, a private venture capital fund that makes investments in emerging growth companies in India.
Under the terms of the agreement, Vanguard Management will provide ongoing business development and management consulting services to Genesis portfolio companies and assist with opening new markets for portfolio company services in India and Sri Lanka.
Under the deal, Vanguard agrees to provide the above consulting services for a term of 24 months.
Genesis will be issued 125,000 common shares of Vanguard as part of
Partners Group, the private markets investment manager, has closed its latest European mezzanine programme at EUR553m, making it the largest dedicated direct private debt investment programme raised by the company to date.
Investors including corporate and public pension plans, insurance companies, financial institutions, endowments and high net worth individuals from around the world participate in the programme.
Mezzanine loans offer appealing risk/return characteristics to investors. Interest margins above Euribor are at historically high levels, while the average equity contribution in the first quarter of 2010 remained close to record highs both in Europe and in the US at around 50
BlackRock Kelso Capital has priced its public offering of 7.5 million shares of its common stock at an offering price of USD10.25 per share, raising USD76.9m of gross proceeds.
The company has granted the underwriters an option to purchase up to an additional 1.125 million shares to cover over-allotments, if any.
The offering is subject to customary closing conditions and is expected to close on 22 June 2010.
The company expects to use the net proceeds of this offering to make investments in portfolio companies, repay indebtedness owed under its credit facility, and for general corporate purposes.
Citi, BofA Merrill
H.E. Abdul Qadir Fitrat, governor of the Central Bank Afghanistan, says the regulation of Islamic banking in Afghanistan should be implemented in the country within next two months.
Speaking at the International Conference on Prospects of Islamic Banking and Finance in Afghanistan, he said that currently seven banks are offering Islamic banking services through window operations and some banks have submitted their applications for the conversion of their conventional systems into Islamic operative systems.
The Central Bank of Afghanistan is in the process of analysing the Islamic banking laws of Pakistan, UAE, Indonesia and Malaysia.
Muhammad Zubair Mughal, chief executive
IK Investment Partners, a Pan-European private equity firm, has signed an agreement with Trallfa, founding owner Gard Lauvsnes and other shareholders to acquire a majority stake in Norwegian Colosseum Dental, a provider of dental care in Scandinavia.
Lauvsnes will reinvest a significant proportion of the sale proceeds alongside IK to support the future value creation of the company. Terms of the agreed sale were not disclosed.
Headquartered in Oslo and employing approximately 350 professionals in total, Colosseum operates ten clinics in Norway, seven in Sweden and two in Denmark, offering a range of services from basic prophylactic care to specialist
Research into companies in the developing world published by CDC, the UK’s development finance institution, shows a strong link between good financial performance and good environmental, social and corporate governance practices.
The research is part of a report detailing the developmental impact of CDC, which is owned by the UK government.
The report demonstrates the effect in the poor countries of Africa and South Asia, where CDC invests in promising businesses that employ and train people and pay taxes to local countries.
Analysis of almost 350 businesses in which CDC has invested shows that those companies with good ESG systems
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
