Europe

Headlines

Foresight Metering appoints Amir Mughal as Senior Investment Manager

Foresight Metering Limited (“FML”), the specialist second-generation meter asset provider (“MAP”), is pleased to announce the appointment of Amir Mughal as Senior Investment Manager. Amir has over ten years of experience raising finance across multiple asset classes. He joins from Balfour Beatty Investments where as Associate Director,...

Blackstone completes acquisition of Schenck appoints new chairman

Private equity funds managed by Blackstone (“Blackstone”) announce the completion of the previously announced acquisition of Schenck Process (“Schenck”), a global market leader in measuring and process technology equipment. Blackstone and Schenck are also pleased to announce the appointment of Keith Cochrane as Chairman and Harry Kenyon-Slaney...

SME Bosses optimistic about funding prospects at the end of a turbulent 12 months

Half (50%) of business owners who are expecting an increase in business revenues over the coming year plan to make this happen by increasing marketing efforts; Over two in five (42%) think their business’ revenues will increase over the coming twelve months, compared to 39% this time last year. The latest Aldermore Future Attitudes report...

RDIF and CDC International Capital deepen their collaboration and announce the allocation of up to 25% of their joint fund to be invested in SMEs with attractive expansion projects on the Franco-Russian axis

The first company to benefit from this SME support plan is Olmix Group, a leading French producer of algae-based solutions for Animal Care, Plant Care and Human Care The CEO of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev, and the CEO of CDC IC, Laurent Vigier, today participated in the 23rd session of the Russian-French Council...

Lightsource Co-Founder, Vicente Lopez Ibor Mayor, steps down as Chairman of Lightsource and begins new role as Head of the Lightsource Foundation

Under the Chairmanship of Vicente Lopez Ibor Mayor, Lightsource has in seven short years grown from being a start-up with six employees to the largest solar energy company in Europe. It is therefore with great sadness to see Vicente stand down as Chairman of Lightsource. His contribution has been invaluable to Lightsource’s remarkable growth and...

Finance

French adviser reviews multi-factor based alt-Ucits funds

Vincent Batailler, founder and managing partner of Paris-based advisory firm Iodda Advisors, has looked into multi-factor based investment strategies and their proliferation in recent years. Pointing that three years ago, only around 20 alt-Ucits funds… ...Read More

A&G Private Banking bolsters Sevilla and Valencia offices

Spain’s A&G Private Banking has further expanded its team with the hire of two private bankers for its Sevilla office and one for Valencia. The three appointments – José Javier Sánchez, Miguel Ángel Velasco and José… ...Read More

Marc Bindschädler of Vontobel discusses EM equities at Nordic Summit

Marc Bindschädler, senior portfolio adviser at Vontobel Asset Management is set to outline reasons why stock selection is key to success in emerging market equities, when he takes part in the Nordic Summit Stockholm 2018,… ...Read More

French equity portfolio manager unveils top three stocks

French equity specialist Louis Albert (pictured) runs the IDAM Small France fund at Paris-based boutique IDAM he co-founded with Stéphane Baudin last year. Albert, who is also the firm’s chief investment officer and managing partner, has taken… ...Read More

Primonial reports €524m inflows in 2017 for AM biz before sale

French financial group Primonial has reported €5.51bn of gross inflows for the full year 2017, of which €889m came from its asset management segment. Primonial detailed that the share of its multi-boutique arm Primonial Investment… ...Read More

Legal

Seedrs launches programme for financial intermediaries following record breaking Q3

The programme introduces wealthy individuals to early stage equity deals on Seedrs via their accountants, brokers and financial consultantsOver £3.6bn was invested into equity deals in the UK last year showing an increased appetite for startup investing45% of angels interviewed by the UKBAA about their early stage equity investments reported...

​Lamont Pridmore warn high earners about HMRC raids

Higher rate taxpayers have been warned by leading Cumbrian accountants Lamont Pridmore to be vigilant over their tax affairs.The warning comes after new data from HM Revenue & Customs (HMRC) shows that its Affluent Unit took an additional £438 million pounds of high earners.Off the back of this success the Unit, which investigates the tax affairs of...

A Legal Perspective on the Government’s Brexit White Paper

Following pressure from sections of Parliament and the public, Theresa May’s government has published a 77-page white paper document to set out a strategy for leaving the EU. But what does it add to what we already know? Stephen Chater, a solicitor at Postlethwate Solicitors, member firm of the UK200Group, explains.The UK200Group is the UK’s leading...

​32% law firms see private equity as a principal source of external funding

With growing competition from niche firms, law practices are actively seeking targeted acquisitions to scale-up in chosen disciplines.  32% see private equity as a principal source of external funding. Niche law firms seen as greatest source of competition. 59% of firms report a rise in competitive pressure. There is a sharp increase...

​Shoosmiths continues South East expansion with partner hires

National law firm Shoosmiths has further strengthened its corporate team with the appointment of two new partners into the South East offices.Amit Nayyar joins Shoosmiths from Hogan Lovells where he was a leading corporate partner. Previous to this, Amit has held positions at White & Case and Pinsent Masons. Based out of Shoosmiths’ Milton Keynes...

Deals

capital D takes majority stake in invincible brands

capital D, a London-based private equity manager, acquires social media influencer-led marketing and product development companyInvincible Brands, founded in November 2015, achieved more than €30 million in revenues and healthy profitability in 2017 Berlin-headquartered Invincible Brands has sold a majority stake to capital D, a newly-formed...

Gas safety company Gas Tag valued at over £20 million after sealing private equity deal

Pioneering technology company Gas Tag has secured a multi-million pound investment from leading private equity house Waterland. The deal, which values Gas Tag at well in excess of £20 million, will enable the business to continue to scale up rapidly both within the UK and internationally. In return for the investment, Waterland will gain a...

Cavendish advises top sports graphics business Alston Elliot on its sale to Inflexion Private Equity

Transaction showcases Cavendish’s expertise in the media and technology sectors Cavendish Corporate Finance, the specialist sell-side M&A firm, has advised the shareholders of Alston Elliot, a leading provider of television sports graphics and data solutions, on its sale to Inflexion Private Equity, one of the UK’s leading mid-market private...

​Bridges-backed Viva Gym acquires Fitness Hut to create Iberian low-cost market leader

Spain’s Viva Gym and Portugal’s Fitness Hut, two of Europe’s leading low-cost gym groups, are joining forcesTogether they will constitute the largest low-cost gym group in Iberia, with almost 200,000 members and revenues of more than €50m The deal is being led by Bridges Fund Management, the sustainable and impact investor The combined group...

Mentha Capital sells Optimum Group to IK Investment Partners

The European printing and labelling company Optimum Group has been sold to IK Investment Partners. Optimum is a printer of self-adhesive labels, banding and shrink sleeves, primarily serving the food and retail market. The group operates through five printing facilities, of which four in the Netherlands and one in Belgium. Optimum operates in the faster-growing...

Acq Lite

Raccoon breaks into Tennessee cellphone store

Jan. 16 (UPI) -- Police in Tennessee encountered a four-legged "masked-up" suspect trespassing at a local cellphone store.Knoxville Police Department shared photos of the mischievous raccoon that set off an alarm at a Boost Mobile store at 3:30 a.m. on Monday."Upon arrival, officers discovered that the suspect had entered the business by breaking through...

400 Turkish pre-schoolers create world's largest marbling painting

Jan. 16 (UPI) -- A group of 400 pre-schoolers in Turkey showed off their creativity by crafting a record-breaking piece of art.The students from Vilayetler Hizmetler Birligi Kindergarten gathered in Antakya to set the Guinness World Record for the world's largest fabric marbling painting.Their creation measured more than 164 feet long and 6.5 feet wide...

Scammer creates Twitter account posing as Florida lottery winner

Jan. 16 (UPI) -- A fake Twitter account posing as 20-year-old Florida lottery winner Shane Missler falsely offered followers a share of his $451 million jackpot.The account with the handle "@Shane_MissIer" with a capital "I" in place of the lower-case "l" appeared on the social networking site this weekend offering $5,000 to the first 50,000 followers...

Baby bear found trapped inside of a car

Jan. 16 (UPI) -- A group of visitors staying at a cabin in Gatlinburg, Tennessee, were surprised to find a baby bear trapped inside one of their cars.Tanya Young, one of the visitors, said to NBC News 10 that a group that had just arrived in the area left their car door open with dog treats inside.Young and her friends took notice of the bear once the...

Andrew W.K. tweets an offer to pay fan's speeding ticket

Jan. 16 (UPI) -- Andrew W.K. offered to pay a fan's speeding ticket Monday after he was pulled over while listening to the rockstar's newest song, "Music Is Worth Living For.""Casually driving down the M4 and @AndrewWK new single comes on @DanielPCarter @Radio1RockShow and now I have a speeding ticket. Totally worth it," the fan, Luke Mitchell, said."The...