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Guernsey has extended market access to EU Alternative Investment Fund Managers (AIFMs) and Alternative Investment Funds (AIFs) doing business in Guernsey.
The move follows the European Securities and Markets Authority (ESMA)’s advice to the European Council, the European Commission and the European Parliament that the EU Alternative Investment Fund Management Directive (AIFMD) passport should be extended to Guernsey.
Guernsey’s Government, the States of Guernsey, has now amended its Investor Protection regulations for AIFMs and AIFs based in EU Member States that have fully implemented AIFMD in order to enable easier movement between Guernsey and EU markets.
Guernsey’s Chief
Cybersecurity has become a focus of the hedge fund industry lately and regulators are taking an increasing interest in assessing the resilience of firms to cyber attacks. The problem that hedge fund managers face, when starting to do such an assessment, is trying to find the right level of response; no easy task given the plethora of reports, commentaries on this subject.
To help cut through the noise, the Hedge Fund Standards Board has put together a 10-page cybersecurity memorandum, due to be published later this month. Thomas Deinet (pictured) is the CEO of the HFSB. He says: “You can
HarbourVest Global Private Equity Limited (HVPE) has successfully admitted its ordinary shares to the Main Market of the London Stock Exchange (LSE).
HVPE’s ordinary shares will commence trading on the London Stock Exchange’s flagship market at 8:00 am on 9 September 2015 under the symbol HVPE.
HVPE’s market quote on the London Stock Exchange has been redenominated into Sterling. There has been no change to the legal form or nature of the shares as a result of the redenomination of the market quote and the HVPE’s listing on Euronext Amsterdam is not affected. The Company’s functional currency will remain
European private equity firm Cinven has agreed to sell AMCo, a niche specialty pharmaceuticals group to TSX/Nasdaq-listed Concordia Healthcare Corp for an enterprise value of GBP2.3 billion.
The deal will comsist of a combination of cash, common shares of Concordia, and a maximum performance-based earnout of approximately GBP145 million over the next 12 months.
Cinven created AMCo, which focuses on the sale of niche prescription off-patent products, in 2012 through the transformative merger of Mercury Pharma (‘Mercury’) and Amdipharm, both of which were acquired in bilateral transactions, in August and October 2012 respectively.
Cinven’s Healthcare team identified the
Private equity firm Sverica Capital Management has closed on its sale of RestorixHealth to an investment group led by Leonard Green & Partners.
Based in Tarrytown, NY, RestorixHealth provides comprehensive, turnkey wound care management solutions to hospitals.
Sverica acquired a majority interest in RestorixHealth (then The Center for Wound Healing) in December 2010. Over the course of its investment, Sverica optimised the organisational structure of the business, added depth to the management team, guided the company through double digit organic growth, and completed three add-on acquisitions.
“We are thrilled to have been partners with RestorixHealth through a transformative
HIG Europe (HIG) has completed the sale of the 7S Group to ManpowerGroup. As a provider of HR related services, the 7S Group offers solutions in temporary staffing, business support services, and career services.
The 7S Group services complement the ManpowerGroup portfolio while allowing it to become the third largest workforce solutions provider in Germany with regards to industry solutions, technical project services and executive search.7S generated more than EUR310 million in revenues in 2014. Terms of the transaction were not disclosed.
HIG acquired a minority stake in 7S in 2010 and led the company to become an integrated
Arma Partners acted as financial advisor in NTT Communications' sale of certain assets of its US web hosting subsidiary, Verio, to the Endurance International Group (NASDAQ:EIGI).
Founded in 1996, Verio is a recognised industry leader in delivering online business solutions to SMBs worldwide. Verio’s solutions provide web hosting, application hosting and SaaS applications that enable SMBs to drive online success. Verio became a wholly-owned subsidiary of NTT Communications in 2000.
This transaction further underscores Arma Partners’ expertise in the web hosting and internet infrastructure sectors and our unique ability to deliver successful cross-border outcomes for our clients across Asia, Europe and the Americas through our
Private equity firm GTCR has completed the previously announced sale of its portfolio company Capella Healthcare to Medical Properties Trust, a Birmingham, Alabama based self-advised real estate investment trust, for USD900 million in cash.
Capella is an operator of community hospitals in growing, mid-sized communities across the US Capella’s hospitals are operated in tandem with local healthcare leaders, hospital boards, physicians and employees. Capella targets hospitals that are struggling to meet the growing demands of governmental regulation, complicated reimbursement requirements and the constant and capital-intensive upgrading of equipment and facilities. Capella infuses capital to expand services quickly and provides the
AlternativeSoft, a provider of buy-side analytics for manager research and portfolio construction in the alternatives and long only markets has announced AlternativeSoft v3.5.
With a reputation for consistently providing the latest academically proven quantitative models for fund analysis, AlternativeSoft has positioned itself at the forefront of fund analysis. The expansive platform provides users with comprehensive quantitative analytics, CRM functionality, bespoke reporting and fast user experience.
AlternativeSoft has announced it will be adding a full-suite of Private Equity fund analysis to its best-selling ‘Asset Selection’ and ‘Portfolio Construction’ modules which currently cover Hedge Funds, Long-only and ETFs. Developed in conjunction with
Waterland Private Equity has sold its stake in the Swiss nursing home operator SENIOcare to Swiss Prime Site AG, which is already active in the assisted living segment through its Tertianum group subsidiary.
The purchase price has not been disclosed.
Jörg Dreisow (pictured), Managing Partner of Waterland and responsible for the DACH region, says: "We have actively supported the successful business development of SENIOcare in the last three years and founded together with the company a strategic and financial basis for accelerated growth. The interest of a strategic investor with a complementary business model proves that SENIOcare is on
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