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SEI is expanding its bank loan operational outsourcing solution by using new technologies that increase loan processing automation and incorporate independently-sourced data.
The new functionality is delivered through Geneva, Advent Software’s portfolio management and fund accounting solution.
Advent recently entered into an agreement with Virtus Partners to integrate Geneva with Virtus’ bank loan data offering.
Through this relationship, SEI clients gain access to automated loan data feeds from Virtus, which can be electronically posted directly into Geneva via a standard integration tool developed by Advent and Virtus. This helps SEI maximise efficiency and use straight through processing of loan data
International legal practice Norton Rose Studio Legale has advised ENI Rete Oil & Nonoil in connection with the sale by ENI, Esso Italiana and Kuwait Petroleum Italia of the entire share capital of two aviation fuelling service companies.
HUB and PAR are being sold to Skytanking, a subsidiary of independent petroleum company Marquard & Bahls.
HUB and PAR provide aviation fuelling services at five major airports in Italy: Milan Malpensa, Rome Fiumicino, Milan Linate, Naples Airport and Palermo Airport.
Skytanking is represented at 21 airports in Europe, the US and Asia. This is its first move into the aviation fuelling
Highland Capital Management, an investment management firm based in Dallas, Texas, has appointed Clay Shumway as a director in its business development group.
Shumway will help Highland develop and manage relationships with institutional investors, including public and corporate pension plans, endowments and foundations and wealth management firms.
He reports to Kevin Latimer, partner, head of business development and marketing for Highland. Shumway will be based in Dallas.
"Clay’s strong experience and stellar leadership add additional depth to our business development team. He will be a great resource for institutional investors seeking to learn more about Highland Capital, our vast credit
Liquent, a provider of software and service solutions for the regulatory business processes of life sciences companies, has been acquired by Marlin Equity Partners from Thomson Reuters.
Based in Los Angeles, Marlin is a private investment firm with over USD1b of capital under management.
Liquent is the provider of the regulatory information management platform Liquent InSight. InSight can be leveraged throughout a client organisation in support of a life sciences company’s development, registration, and manufacturing processes.
Through its regulatory and clinical services consulting services team, Liquent also provides a full range of outsourcing services to support the regulatory submission and
Multi-jurisdictional law firm Conyers Dill & Pearman has made a fresh round of hires to its corporate team with the addition of associates Tara Rivers in the Cayman Islands and Claire McConway, Robert Alexander and Victor Richards in Bermuda.
The firm has also hired Michael Swain as head of Codan Management in Bermuda and Jacqueline Shannon as manager for Codan International in Dubai.
John Collis (pictured), chairman of Conyers and head of corporate, says: “Each of these lawyers possesses the culture, values and expertise that enable us to provide the highest quality responsive, timely and thorough legal advice to our
Private equity firm Pfingsten Partners has acquired Motus3, a Kansas-based designer and manufacturer of food processing equipment.
Motus3 products are sold under the brand names Marlen and Carruthers, and are used for pumping, portioning, filling, dicing, grinding, slicing, reducing, chilling and cooking food.
Pfingsten plans to create a diversified food processing equipment platform through organic growth, strategic add-on acquisitions and geographic expansion. Going forward, the company will operate under the name Marlen International.
“Growing global demand for processed foods, a large installed base of equipment, and a meaningful replacement parts business made this an attractive opportunity for us,” says Thomas
Edhec-Risk Institute, a centre for asset and risk management research, is changing the official name for the holding entity governing its entire range of activities to Edhec-Risk Institute.
Formerly called the Edhec Risk and Asset Management Research Centre, Edhec-Risk Institute was set up in 2001 to conduct academic research and highlight its applications to the industry.
The institute seeks to validate the academic quality of its research through publications in scholarly journals, implements a multifaceted communications policy to inform investors and asset managers on concepts and techniques, and develops business partnerships to launch products.
Professor Noël Amenc (pictured), director of
Global private equity firm Riverside has sold ATI, a provider of post-secondary professional training at campuses in Arizona, Florida, New Mexico, Oklahoma and Texas and online, to BC Partners.
Under Riverside’s ownership, ATI has expanded its campuses from eight to 23, added an online division, and grown the number of students served from 2,300 to 15,500.
During a hold period of nearly six years, Riverside helped ATI sustain annual growth of over 30 per cent for both revenues and Ebitda. During the same time period, overall revenues and Ebitda grew by over 300 per cent and 450 per cent, respectively.
Listing activity in 2009 experienced a significant slowdown as a result of the situation on the international capital markets since September 2008, according to the Luxembourg Stock Exchange.
The year was marked by a sharp decline in the admission of securities representing securitized assets or structured products. In contrast, bond issues from non-financial enterprises rose sharply.
The amount of capital raised and listed during 2009 increased by about 8.17 per cent compared to 2008 to breach the symbolic barrier of EUR1,000bn, while the number of new quotation lines was lower by almost 35 per cent over the previous year.
During
Innovalight, a privately-held firm selling silicon ink-based solar cell materials and technology, has raised USD18m in additional capital.
The new round of capital will be used to expand the company’s proprietary silicon ink production for customers.
The series D financing was led by EDB Investments of Singapore. Also joining was Vertex Venture Holdings, the venture subsidiary of Temasek Holdings, Singapore. All existing investors – Apax Partners, Arch Venture Partners, Convexa Capital, Harris & Harris Group, Sevin Rosen Funds and Triton Ventures – participated in the round.
Innovalight’s proprietary nanotechnology-based silicon ink and processing technologies allow crystalline silicon solar cell manufacturers
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