Solutions
Financial services software and software-enabled services provider SS&C GlobeOp has created a new group to support fund administration, accounting and reporting for hybrid fund structures.
The industry continues to witness the convergence of the traditionally separate asset classes of hedge funds and private equity style closed-end funds. More and more funds include fixed income assets such as bank loans and distressed debt held in a private equity structure with a waterfall mechanism and capital calls. Other examples include private investments as part of a hedge fund portfolio strategy or a fund-of-fund investing in private equity investments, and trading in securities
Private equity firm OpenGate Capital is to sell one of its portfolio companies, Kotkamills Oy, to MB Funds, an independent Finnish private equity firm focused on acquisitions in the Nordic market.
Kotkamills is located in Kotka, Finland and is a manufacturer of specialty papers and wood-based products. The transaction is expected to be complete within the next 60 days. Financial terms were not disclosed.
OpenGate Capital acquired Kotkamills from Stora Enso in July of 2010. From the onset of the acquisition, OpenGate viewed Kotkamills as a business with tremendous potential for growth and renewed profitability. In the four and a
Guy Hands (pictured), Chairman and Chief Investment Officer of Terra Firma Capital Partners Limited, will be the keynote speaker at the Guernsey Funds Forum 2015.
The Guernsey resident and private equity specialist will top the bill for the annual event, which this year is titled ‘Achieving stability in a world of change’ and takes place on Thursday 14 May in London.
Dominic Wheatley, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, said he was delighted that Mr Hands will be speaking at the forum.
“Guy has been a huge supporter of Guernsey’s fund industry
Arma Partners acted as exclusive financial advisor to IGEFI Group, a Summit Partners portfolio company, on its sale to Temenos Group, a software to financial institutions, in a EUR235 million deal.
Founded in 1995 and headquartered in Luxembourg, Multifonds provides software to financial services institutions globally, predominantly in the third-party fund administration market. The Company’s fully integrated platform allows fund administrators to perform key accounting functions such as intra-day valuations and end-of-day net asset value calculations as well as to support fund administrators in key investor servicing and transfer agency functions such as investor dealing and shareholder record keeping.
Hogan Lovells has advised Ovivo on the sale of its United Kingdom municipal division to Jacopa Limited, a company owned by some members of the local management team.
The transaction completed on 27 February 2015.
This transaction forms part of Ovivo Inc.'s wider strategy to restructure its operations to enable it to focus exclusively on core water treatment markets, namely the Electronics, the Municipal in North America and the Energy water treatment markets. This transaction enabled Ovivo Inc. to divest its non-core municipal water treatment business in the UK.
The Hogan Lovells team advising Ovivo Inc. on the sale
Private equity firm Vector Capital has sold Tidel, a provider of technology-enabled smart safe solutions for businesses and financial institutions, to an affiliate of Graham Partners.
Terms of the transaction have not been disclosed.
Tidel is the market leader in providing innovative solutions to help customers streamline, protect and automate their cash management systems. In 2011, Vector acquired Tidel and subsequently worked with its management team to capitalise on favourable industry trends by leveraging the company’s No1 market position, unmatched distribution network and blue-chip retail customer base. Over the past four years, with the support of Vector, Tidel has undertaken
Denver-based private equity firm Revelstoke Capital Partners has completed the sale of Accelecare Wound Centers to Healogics.
Accelecare provides advanced wound care services in two diversified, highly complementary divisions, Accelecare Wound Centers, which offers full service wound management solutions to hospitals and related healthcare organisations, and Accelecare Wound Professionals, which provides wound care specialist physicians to skilled nursing facilities and hospital-based outpatient wound care facilities.
“We are very pleased with the pace of Accelecare’s growth since we completed our investment in December 2013. Management’s intense focus on expanding the Company’s footprint while increasing operational efficiencies created an attractive asset in the
Dominic Wheatley (pictured), Chief Executive of Guernsey Finance, explains why issues of substance are driving up interest among fund managers in the potential upside of relocating to Guernsey.
During the last year we have seen increased interest among fund managers in the potential upside of relocating operations to Guernsey. A contributing catalyst has been the introduction of the Alternative Investment Fund Managers Directive (AIFMD), including the end of the transitional provisions in jurisdictions such as the UK.
AIFMD
AIFMD has introduced some potentially onerous requirements but managers can put themselves out of scope by establishing their funds in non-EU jurisdictions, such
Capita Asset Services has extended its range of services for UCITS and alternative investment funds with the introduction of fully automated Annex IV reporting to both the Financial Conduct Authority (FCA) and the Central Bank of Ireland.
Capita currently provides services to around 50 funds across the UK and Ireland. The development of the Annex IV report has been a complex process requiring extensive data extraction and analysis. As a result Capita is able to provide an automated and verified population of 100% of the Annex IV schema, without any dependence on additional information from portfolio managers.
This has
Hamburg-based firm Detlev Louis Motorrad-Vertriebs GmbH has been sold to US holding company Berkshire Hathaway, which is headed by Warren Buffett.
The transaction is currently awaiting approval from the competition authorities.
A team from CMS in Germany led by lead partner Dr Thomas J Meyer advised the executor, Dr Peter Hertel of Hamburg law firm Krohn, on all legal aspects of the sale. Dr Hertel was acting on behalf of Ute Louis, the widow of company founder Detlev Louis, who died in 2012. The estate of Detlev Louis was under the executorship of Dr Hertel when the sale took place.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
