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The UK Future Technologies Fund (UKFTF) has signed its second commitment into the Heureka Growth Fund, which is managed by Munich-based Acton Capital Partners and targets industry leading growth stage companies in the internet and mobile communications sector.
Heureka focuses on consumer-oriented business models in e-commerce, media and marketplaces, mainly within Europe but also in North America. The team has a long record of investing in the most exciting high growth potential early and expansion stage technology companies.
The UKFTF commitment further supports Heureka’s active approach towards the UK market. In fact, the team has been active in
Private equity firm Advantage Partners has entered into a cooperation agreement with Qin Jia Yuan after agreeing to invest not less than HKD170 million in the media services company.
Advantage Partners has agreed to subscribe for five per cent of the issued share capital of QJY at the issue price of HKD1.3278 per share, representing a premium of approximately 6% over the average closing price of ten trading days and a premium of approximately 15% over the closing price on the last trading day before the signing of the Agreement.
QJY is to issue unlisted convertible bonds to Advantage
The launch of the London Private Equity Futures and Options Exchange (PEFOX) in the next month is the manifestation of a silent movement in the private equity industry, which in recent years has seen the boundaries of “secondaries” pushed to their natural limits.
PEFOX is able to offer its members, for the first time, the chance to take long or short positions on private equity funds, discreetly and independently of the fund manager. In what the firm’s management describes as a “synthetic revolution” in private equity, PEFOX is working with some of the most prominent institutional investors in private equity
Summit Materials, a heavy building materials company formed last year by investors including Blackstone Capital Partners V, has made a majority investment in Continental Cement.
Continental’s new cement manufacturing and waste processing facilities are located in Hannibal, Missouri, 100 miles north of St Louis.
With distribution terminals in St Louis, Missouri and Bettendorf, Iowa, Continental supplies cement to customers in Missouri, Iowa and Illinois. Cement has been manufactured at the Hannibal site since 1903.
Continental’s management team, led by chief executive Mike Johnson and senior vice president Tom Beck will remain in place.
Tom Hill, chief executive of Summit, says:
The BlackBerry Partners Fund has expanded its investment activities with the launch of a USD100m affiliate fund focused on mobile investment opportunities in China.
BlackBerry Partners Fund China is a new joint venture between China Broadband Capital Partners, a venture capital and private equity manager focused on media and communications investments in China since 2006, and BlackBerry Partners Fund.
The fund will invest exclusively in opportunities supporting the emerging mobile ecosystem in China, the world’s largest mobile market. It is expected to close on 31 August 2010.
"The BlackBerry platform offers tremendous opportunities for startups and other technology innovators to
Kinetic Partners, the professional services consultancy focused on the wider asset management industry, has marked its fifth anniversary by reporting record growth.
Established in 2005, Kinetic Partners provides the asset management industry and investment firms with a bespoke service for clients who need in-depth industry advice, analysis and valuation across borders.
The firm has offices in London, Dublin, Cayman, New York and Geneva. It plans to enter the Asia market with a Hong Kong office set to open later this year.
Kinetic Partners has recorded its most successful year to date with revenue growth of 25 per cent and a
The value of investment funds in Guernsey increased by GBP13.2bn (7.2%) during the first three months of this year, according to the latest figures released by Guernsey Finance.
The third successive quarter of growth takes the total value of funds business in the Island to GBP197.4bn at the end of March 2010 – a year on year rise of GBP21.5bn (12.2%).
“We can continue to be cautiously optimistic about our funds industry,” says Peter Niven (pictured), Chief Executive of Guernsey Finance. “Global economic conditions remain fragile and will be for some time to come so we cannot afford to
London’s investment community has been reassured that Guernsey is confident of continuing to be a leading funds centre despite current uncertainties, including the EU’s proposed Alternative Investment Fund Managers Directive.
More than 250 delegates attended the Guernsey Funds Forum which was held on Wednesday at the Grange St. Pauls Hotel.
Peter Niven, chief executive of Guernsey Finance, says: “This event was aimed at reassuring our key supporters in London that we are dealing positively with a number of current uncertainties, in particular the AIFM Directive, and as a result of this work, the Island continues to be an attractive and
Vision Opportunity China Fund has invested USD8.0m in China Security & Surveillance Technology as part of a USD60.0m underwritten secondary public offering.
Oppenheimer and Brean Murray Carret were joint managers for the offering.
China Security & Surveillance, together with its subsidiaries headquartered in Shenzhen, is a one-stop solutions provider and consolidator in China’s fast growing security and surveillance industry. It designs, manufactures, and installs security and surveillance systems, and provides after-sales support and maintenance services for its customers.
With 14 acquisitions over the past three years, China Security & Surveillance has capitalised on the growth opportunities arising from China’s highly
HarbourVest Global Private Equity, a closed-end investment company listed on Euronext Amsterdam and the Specialist Fund Market of the London Stock Exchange, says its net asset value rose by 13.7 per cent over the year to 31 January 2010.
As at 31 January 2010, HarbourVest’s NAV was USD718.2m or USD8.65 per share.
This represents an increase of USD1.04 per share over the financial year from 31 January 2009.
Of the USD1.04 increase in NAV per share, USD0.44 resulted from HarbourVest US fund of funds, USD0.37 from HarbourVest international fund of funds, USD0.33 from HarbourVest direct funds, and USD0.17 from
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