Solutions
Cavendish Corporate Finance has advised on the sale of B2B creative marketing agency Twogether Creative Limited (Twogether) to Next 15 Plc, the AIM-listed digital communications group.
As part of the deal R Capital, the turnaround specialist investors in Twogether, will exit the company. The entire issued share capital of Twogether will be bought for an initial consideration of GBP6.6 million, with an additional earn out based on earnings from 2018 to 2021.
Founded in 2001, Twogether is a leading UK-based B2B creative marketing agency serving a global network of technology companies with an expanding business in the US. Its clients
The attraction for private equity as an alternative asset class is as strong as perhaps it has ever been. As the results of a recent E&Y survey reveal (Positioning to win: 2015 global private equity survey), 19 per cent of investors said they currently allocate up to 5 per cent of capital to private equity, but 39 per cent said they allocate more than 25 per cent.
This is encouraging news for private equity managers, but with it comes extra responsibility as investors and regulators alike ramp up their due diligence. Indeed whereas only 28 per cent of managers said
A fund managed by Impax Asset Management is to sell its 107.7MW wind farm portfolio (the Portfolio) located in Finland, to a fund managed by Allianz Capital Partners, the Allianz investment manager for alternative investments.
The sale is in accordance with the fund’s strategy of realising assets once they are operational. Impax has grown the Portfolio by acquisition since 2013, and subsequently constructed the entire Portfolio which includes three projects in Finland, two in Lapland and the third in the North Ostrobothnia region. It has a total installed capacity of 107.7MW, comprising 35 wind turbines with a combination of Vestas
Private equity firm HIG Capital has sold the Holding VM Industries group (H-VMI) to Actomezz (the mezzanine financing team of ACG Capital) and management.
The H-VMI group was created in late 2009 following the partial acquisition of the automobile connectivity business of the Molex group at the Villemur-sur-Tarn site by HIG Capital. It has 270 employees across France, Germany and the UK, including 65 on the Villemur-sur-Tarn site.
Marc Laisné, CEO of the H-VMI group, says: "We would like to thank HIG for their unflagging belief in our company's potential. Their backing enabled us to turn around a distressed business.
Counselytics has deployed its AI technology in the alternatives investment space. Using machine learning technology, Counselytics is aimed at providing a fast, economical and automated process to find and analyse limited partnership agreements wherever they reside.
As Counselytics finds and centralises LPAs, it classifies and extracts up to 35 key partnership terms, including details on fees and expenses, waterfalls, taxation and governance. Counselytics also works as a question answering system with the ability to query for specific issues related to the LPAs, and the system returns both the correct answer and the most relevant sections of the LPA. The technology can analyse
Oligo Swiss Fund Services received its license from the Swiss authorities 13 months ago to provide Swiss legal representative services and has already onboarded more than 200 funds registered for distribution to Swiss qualified investors. These include offshore hedge funds, UCITS-compliant hedge funds and private equity funds.
"Our team has experience in hedge funds, UCITS funds and private equity funds," explains Luis Pedro (pictured), CEO of Oligo Swiss Fund Services. "The size of fund assets on the platform ranges from EUR20 million at the lower end to EUR20 billion at the upper end, spanning all types of strategies and structures
Switzerland is a key part of the global business model at BNP Paribas Securities Services, whose successful acquisition last June of Credit Suisse Prime Fund Services has helped it to become an industry leader in alternative fund administration.
With a depositary bank network spanning 15 European jurisdictions, EUR1.2 trillion of assets under depositary and 1.8 trillion of assets under administration, BNP Paribas Securities Services is leveraging its scalability and breadth of expertise to bring support to Switzerland's fund management community; both traditional and alternative.
Commenting on the PFS acquisition, Garrick Smith (pictured), Head of BNP Paribas Securities Services Switzerland, emphasises
It is now one year in to the Swiss Collective Investment Scheme Act (CISA) and overall impressions appear to be that it has been a success. One particular aspect of CISA, namely the requirement for alternative fund managers marketing their funds in Switzerland to "unregulated qualified investors" (eg pension funds, family offices) to appoint a Swiss Fund Representative and Paying Agent, has proven to be no more than a mild shower in a teacup.
A year ago, fund managers were aghast at the idea of having to incur yet more regulatory costs, but those fears have proven to be largely
By Michaël Malquarti (pictured), SYZ Asset Management – Although the phenomenal growth in index management since the 1990s had already begun to shake up the fund management industry, the 2008 crisis triggered a more profound reform process. This change is particularly visible in the alternative investments arena. As well as reinforced standards governing hedge funds, the most spectacular transformation has probably been the emergence and astonishing growth of alternative UCITS in Europe.
Several factors underpin this situation. Current macro-economic uncertainty and the associated asset volatility are certainly behind stronger demand for different types of funds, generally perceived as being less risky.
Geneva-based SwissRepCo was established in January 2014 by industry veterans Dermot Butler (pictured), former chairman of Custom House Group, a leading fund administrator, and Lancelot Frick, a fifth generation Swiss private banker and CEO and President of Frick Capital SA. ("Frick").
SwissRepCo arose in response to FINMA's decision to beef up existing fund regulations that had been brought in in 2006. In 2013, those regulations were enforced under the Collective Investment Schemes Act (`CISA') but it wasn't until 1 March 2015 that foreign hedge funds were mandated to appoint a Swiss legal representative and paying agent to continue distributing their
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
