Latest News
DOR BioPharma, a late-stage biotechnology company, has entered into common stock purchase agreements with institutional investors totalling approximately USD3.85m.
DOR’s North American commercial partner, Sigma-Tau Pharmaceuticals, participated in this financing.
Under the terms of the agreements, DOR will sell approximately 15,200,000 common shares together with a five-year warrant to purchase up to approximately 7,600,000 shares of DOR common stock at USD0.278 per share, for an aggregate price of approximately USD3.85m.
The expiration date of the warrants will be accelerated if the company’s common stock meets certain price thresholds and DOR would receive additional gross proceeds of approximately USD2.11m if exercised.
For years commentators have confidently been forecasting that the days of the two-and-twenty model of hedge fund fees were numbered. As the industry grew, they predicted, fee structures would increasingly vary between the best established and best performing managers, which could ask for – and get – two per cent of net assets annually plus 20 per cent or more of all profits, and the growing number of firms with shorter or less impressive track records, which would have to make concessions to investors to win their business.
For years commentators have confidently been forecasting that the days of the
Aureos Latin America Fund is investing up to USD10m in ITS InfoComunicacion, a provider of remote infrastructure management services with headquarters in Costa Rica.
ALAF is an initiative of Aureos Capital, a private equity fund management company specialising in investing in small to mid-sized businesses in emerging markets.
This marks ALAF’s seventh investment in Latin America and its first in Central America.
ITS serves the outsourcing demands of telecommunications operators, government bodies, and Latin American companies. ITS enables its clients to develop and leverage their technology infrastructures.
ITS was founded in 1997 by a group of Costa
Gravitas Technology, a technology and solution provider to alternative investment and financial services companies, has launched The Gravitas Fractional CIO offering to provide strategic information technology guidance to hedge funds.
This is the first fractional CIO service targeted exclusively to hedge funds and private equity firms.
Chief information officers play a critical role at both large and small funds. The CIO is responsible for identifying, recommending and developing technology solutions that control the firm’s internal and external information flows and directly impact fund performance and business efficiency. A CIO is also responsible for ensuring the company’s information technology investments are
Yorkville Advisors, a US based investment manager to a family of funds, has invested USD15m into United Fiber System through the subscription of a series B equity line backed loan note.
The investment was sourced out of Hong Kong and made by YA Global Master SPV, a Yorkville affiliated fund.
Yorkville also entered into an agreement with Unifiber in August 2009 to extend the SGD165m equity line of credit facility between Unifiber and YA Global Investments, another Yorkville affiliated entity, to 2014. The equity line was first entered into by the parties in 2004 for SGD40m and subsequently expanded
The Irish Stock Exchange has published a series of revisions to its listing rules, which are effective from 24 September 2009.
Kinetic Partners says the revisions are a welcome and timely move by the exchange and are in keeping with its commercially aware approach to the listing regime, and its tendency to adapt quickly to changing market trends.
The exchange has also taken the opportunity to include in the new code certain policy notes that have been issued over the last number of years, including previously introduced changes related to custody requirement, counterparty risk and revisions around financial information and
Gavin St Pier, a leading figure in the fiduciary and professional services sector, has taken up the role of non-executive chairman at The Mercator Group.
St Pier (pictured right) will work with the Mercator board to develop and promote the independent Guernsey business of 30 years standing.
A chartered accountant, chartered tax adviser and barrister, St Pier was one of seven directors involved in the management buy out of Walbrook Group from Deloitte. He later became a director of Barclays Wealth after it acquired Walbrook.
He was previously a partner of KPMG and Deloitte, is a former chairman of the
The number of global M&A deals announced in Q1 to Q3 2009 is the lowest since Q3 2003, while deal values are at their lowest since Q1 2003, according to a report by mergermarket.
Activity to date is at 5,914 transactions valued at USD978.9bn, a decline of 41 per cent and 48 per cent respectively for the same period in 2008.
In Europe, the 2,248 transactions valued at USD236.2bn announced so far this year is a decrease of 70 per cent by value and 48 per cent by volume from the same period in 2008, in which 4,308 deals
Guernsey saw a continuing reduction in both banking and investment funds business during the three months to the end of June, according to Guernsey Finance.
However, the island seems to be faring better than some of its competitors and local practitioners are reporting increased activity in more recent months as the general economic outlook shows signs of brightening.
Peter Niven, chief executive of Guernsey Finance, says: “The global economic downturn has been adversely impacting business flows for the past year. With both the banking and funds figures showing attrition in the three months to the end of June we can
Global private equity firm The Carlyle Group has appointed Gregory L. Summe as vice chairman of global buyout, a newly created position.
He will report to global head of buyout Daniel F. Akerson.
Summe comes to Carlyle from Goldman Sachs Capital Partners, where he is a senior adviser. He begins his new duties in early October and will be based in Washington, DC.
Akerson says: “We are pleased to welcome Greg to Carlyle. An important lesson of the financial crisis is that operational expertise is critical to both preserving and creating value in a portfolio company. As a former chief
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
