Solutions
Pan-European private equity firm IK Investment Partners’ (IK) IK Small Cap I Fund is to acquire a minority stake in Third Bridge, a primary research provider. Financial terms of the transaction have not been disclosed.
Third Bridge provides its clients with insights into companies and markets through access to industry experts and market research. Serving a client base of over 300 customers, including private equity funds, consulting firms, hedge funds and corporates, Third Bridge has a global footprint, with six offices covering America, Asia and Europe. Since inception in 2007, the Company has doubled its turnover every two years, and
The final regulations of MiFID II announced today are likely to lose brokers business, analysts their jobs and also hit fund managers’ profits says Cleveland & Co Associates, the boutique legal advisory business.
Among the new regulations of MiFID II, which are due to come into effect in January 2018, is a requirement for investment banks to be more transparent about their costs. Banks and investment managers will be forced to disclose specific fees to their clients – such as fund and asset managers – for research. As it stands, banks include research costs into trading commissions that are charged
Mid Europa Partners (Mid Europa), a private equity investor in Central and South Eastern Europe, has listed its portfolio company, Waberer’s International (Waberer’s) through an initial public offering (IPO) on the Budapest Stock Exchange.
Waberer’s shares will start trading on 6 July 2017.
Waberer’s IPO values the Company’s equity at nearly EUR300 million and is the largest on the Budapest Stock Exchange since 1998. The stock will be included in the BUX, Hungary’s top index, and will be its 5th largest constituent.
Through the Offering, the Company will raise EUR50 million of new capital, which will be used
SteelEye, the compliance technology and data analytics firm, has appointed Matt Smith (pictured), a highly-experienced regulatory tech specialist, as its new Chief Executive Officer.
Smith’s appointment is aimed at helping drive the firm’s growth as it markets its secure and scalable data storage platform which incorporates best-in-class analytics. The SteelEye product has been designed to help financial firms meet their obligations under MiFID II, whilst also acquiring valuable insights into their businesses.
Smith brings over 18 years of technology and management expertise to SteelEye. He joins from Bloomberg where he was a senior product manager working on a range
Peer-to-peer lending platform ViaInvest has reached the milestone of EUR10 million loans funded just seven months after launching.
Listed consumer loans issued by the alternative financial services provider VIA SMS Group in Czech Republic, Poland, Latvia and Spain were funded by investors from more than 30 countries.
“We are excited to be a part of a continuously growing peer-to-peer and fintech community,” says Eduards Lapkovskis, CEO of ViaInvest. “Success of ViaInvest shows that we have set the right goal – to deliver outstanding investor support service and bring added value instead of focusing on quantity. Currently, ViaInvest offers unique
Forefront Capital, a financial services firm which provides alternative investment management and advisory services in investment banking and capital markets, now listed on BNY Mellon’s Pershing alternative investment platform.
Forefront’s mission is to make investing more accessible and the company says it does do not make any money until investors make the first 8 per cent on their investment. Account can be opened with as little as USD1000.
The firm’s internally-sourced asset management products are structured to mitigate the risk typically associated with higher returns
Cole Reifler, co-Founder and President of Forefront, says: “We are pleased to be
BlackRock is to acquire Cachematrix, a provider of financial technology which simplifies the cash management process for banks and their corporate clients in an open-architecture platform.
Cachematrix supports approximately USD200 billion in client assets through relationships with many of the world’s largest banks and asset managers.
Cachematrix enables financial institutions to provide corporate clients with a portal for allocating cash to a variety of money market funds and direct cash instruments. Corporate clients are also able to seamlessly analyse, perform compliance checks and generate detailed reports for their cash investments on the Cachematrix platform.
BlackRock is one of
The Institutional Limited Partners Association (ILPA) has released guidance regarding the use of subscription lines of credit facilities by private equity general partners (GPs).
In the document, ILPA outlines the risks and potential impact on limited partners (LPs) resulting from inadequate visibility into exposure to these credit lines. In response, the organisation recommends that LPs seek greater disclosures from their fund managers around the use of subscription lines, as well as greater clarity in the partnership agreements around parameters for their use.
“Many limited partners understand how lines of credit can be beneficial to the cash flows of GPs
Waymark Tech, a provider of regulatory intelligence software, has launched a new AI-powered tool that automatically identifies regulatory crossovers and conflicts between incoming regulations, such as MiFID II, GDPR, and PRIIPS.
Accessible immediately from within Waymark’s Wayfinder product, the real-time tool identifies which regulations apply to a company and then finds common areas and conflicts across other regulatory packages. This allows compliance officers to streamline implementation procedures, reduce risk and lower costs dramatically.
For example, the tool can flag up that both MiFID II and PRIIPs will require fund managers to give retail investors and professional investment advisors suitable
Eze Castle Integration has launched the Eze Hybrid Cloud, a complete multi-cloud solution combining the Eze Private Cloud with Microsoft Cloud services to deliver a secure and flexible, fully managed environment.
The Eze Hybrid Cloud innovation was born of Eze Castle Integration’s years of private cloud experience, deep Microsoft partnership and award-winning service organisation. Eze Hybrid Cloud draws layers of security and resiliency from the Eze Private Cloud, applications from the Microsoft Cloud and 24x7x365 expert support from the Eze global service team.
“Eze Castle Integration recognises that clients across the financial sector have different risk profiles, application requirements
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