Solutions
The latest entrant to the AIM market has become the first company in the UK to float after securing investment from both crowdfunding and institutional investors.
The Mill Residential REIT – which has floated on AIM, the LSE’s international market for smaller companies – is Britain’s first mainstream residential REIT. The company, which invests in buy-to-let property, has a market capitalisation of GBP3.5million.
The SyndicateRoom platform, which is used by both angel investors and sophisticated private investors and has a minimum investment requirement of just GBP1,000, smashed its fundraising target of GBP2.1million in just three weeks.
The Mill
Mooreland Partners has acted as the exclusive financial advisor to AdKarma LLC on its sale to blinkx.
The acquisition of AdKarma, a rapidly growing video supply side platform located in Columbia, Missouri, marks the 19th transaction advised by Mooreland Partners this year. The transaction further solidifies Mooreland Partners' position among the most active advisors to the digital media sector.
"blinkx stands to benefit from AdKarma's strong relationships with over 300 publishers representing in excess of 20,000 websites," says Peg Jackson, Managing Director, Mooreland Partners. "This acquisition will significantly bolster blinkx's position within the programmatic segment of the digital video advertising
IK Investment Partners’ IK 2007 Fund is to sell part of the Agros Nova Group, a manufacturer of branded fruit and vegetable food products, to Maspex-GMW.
The parties have agreed not to disclose the financial terms of the transaction.
Headquartered in Warsaw, Agros Nova is a leader in all three of its business segments, comprising fruit and vegetable preserves, ready-made food and non-carbonated beverages. The Company owns three manufacturing plants in Poland and employs around 2,000 people. Maspex is to acquire the preserves and ready-made food businesses which include Lowicz, Kotlin, Krakus, Wloclawek and Fruktus brands, two factories in Lowicz
By Chris Humphries, Managing Director, Stuarts Walker Hersant, Attorneys-at-Law – The Cayman Islands continues to be the leading offshore jurisdiction for mutual funds and hedge funds. Its position as the premier jurisdiction is as a result of innovative legislation and the absence of taxation together with the presence of sophisticated and professional service providers and a favourable regulatory environment.
The Cayman Islands offers:
• A straightforward fund registration procedure.
• A flexible investment fund regime within a clear and effective regulatory environment.
• Experienced legal, administrative and accounting service providers.
• No requirement to have Cayman Islands based directors or
In 2011, ahead of the introduction of the AIFMD in Europe, an article entitled “A foot in both camps”, was written by Derek Delaney, Managing Director of DMS Offshore Investment Services (Europe) Limited. In it, Delaney (pictured) wrote: “There is an enduring perception that the established European domiciles such as Ireland and Luxembourg are in direct competition with the leading offshore domiciles such as Cayman. This perception has transcended reality to the extent that leading participants in both camps deem it necessary to fight their corner.”
With over 225 staff, DMS is the world’s largest provider of fund governance services
UBS Fund Services has had one of its strongest years in terms of winning new clients according to Monette Windsor (pictured), who heads up the Cayman Islands business.
“We’ve invested heavily in our business development team this year and we’ve had to beef up our client onboarding team. We have 165 staff now; we’re the largest administrator on the island,” says Windsor.
Not only has the firm seen client numbers rise, it has also seen a good number of existing managers launch new products. Interestingly, Windsor notes that many of them are not commingled funds but rather products for single
Derek Adler (pictured) ACSI is a director and founder member of International Financial Administration Group (‘Ifina’), which has now been around for 17 years providing fund administration services to small and emerging fund managers as well as large institutional clients. Over the last three years, Ifina has been successfully running a turnkey fund solution in Cayman for managers keen to avoid the cost and time to market to launch a standalone fund.
The umbrella fund structure, known as the Primary Development Fund, provides a segregated sub-fund arrangement and in Adler’s words, acts as a useful “stepping stone” for managers to
After signing Model 1 inter-governmental agreements (IGA) with both the US and the UK in November 2013, in July 2014 the Cayman Islands government passed the necessary regulations to provide legal obligations with respect to US and UK FATCA as a matter of Cayman Islands law. Also in July 2014, the Cayman Islands Tax Information Reporting Authority (‘TIA’) issued the first official version of the Cayman Islands FATCA guidance notes.
The next expected development comes early next year with the opening of an information exchange portal – which foreign financial institutions (FFIs) will use to file their FATCA reports to
By Giorgio Subiotto (pictured) & Shameer Jasani, Ogier – We have witnessed a clear evolution in how the composition of boards of directors on Cayman investment funds has been structured.
The concept of using independent directors is not new. Many US managers have used them on their boards of the feeder fund, in large part driven by US tax rules to do with investment fees and deferral rules. It was a pure tax planning device, where little thought was given to the selection of the directors so long as they weren’t related to the Investment Manager.
But this check the box approach,
By Nicholas Butcher, Maples and Calder – Cayman Islands exempted limited partnerships (“ELPs”) are currently riding the crest of a wave. Consistently a popular form of investment vehicle for hedge and especially private equity funds, 2013 saw a record 2,368 ELPs formed and registered in the Cayman Islands, and with the tally of new registrations in the calendar year to November 2014 already standing at 2,580, that record is set to be eclipsed this year.
In degree this popularity is explained by strong demand for Cayman Islands vehicles for use in offshore transactions as a result of a combination of Cayman’s
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
