Europe
Headlines
Augusta raises additional $115m for litigation and dispute funding
Investment in response to growing demand from lawyers Augusta, the UK’s largest litigation and disputes funder by case volume announces it has raised a further US $115m from a multi-billion-dollar US-based investment manager. In 2018, Augusta secured £150m from a global investment fund, to finance business growth and investment in funding cases....
An affiliate of Sun European Partners announces that it has completed the sale of Famosa
Sun European Partners, LLP (“Sun European Partners” or “Sun”) today announces that one of its affiliates has completed the sale of Fábricas Agrupadas de Muñecas de Onil, S.A. (“Famosa” or “the Company”), a leading designer, developer, manufacturer and distributer of toys in Spain and throughout the world, to Giochi Preziosi S.p.A.. Famosa,...
Huge Tax Changes for Self-Employed Following Publication of New Legislation
On 11 July 2019, the Government published draft legislation outlining the IR35 changes coming to the private sector, which are expected to affect 250,000 businesses. The reform will impact users and suppliers of personal service company contractors in the private sector. Companies have only nine months to plan for the new off-payroll changes, as they...
Young people pick their banking partners for the future
Battle of the brands Generation Z calls the brands it will bank on in 2030 Britain Banks most trusted for handling payments and safe storage of dataTech brands first choice for creating smart, real-time servicesAs a sector, financial services scores poorly for ethics and positive social impact More than two in five young people (43%) believe that...
Alcentra Closes Significant Capital Raise for its European Direct Lending Strategy
Record €5.5 billion raise reflects strong investor demand, Alcentra’s track record of deployment and returns Alcentra, one of Europe’s largest and longest tenured managers of private debt and part of BNY Mellon Investment Management, has announced the close of its latest European direct lending capital raise. The firm has raised €5.5...
Finance
Christos G. TRIANTOPOULOS, member of the Audit Committee and Vasile IUGA, observer to the Audit Committee
By letter dated 07 September 2020, Mr Christos Triantopoulos (General Secretary for Economic Policy at the Ministry of Finance, Hellenic Republic) was nominated by the Government of the Hellenic Republic, by common accord with the constituency of the Kingdom of Denmark, Ireland and Romania, for appointment as a full member of the Audit Committee of...
Einigung über Wandteppich im Schloss Vianden in Luxemburg
Der flämische Wandteppich „Begegnung der Königin von Saba und König Salomon“ aus dem 17. Jahrhundert, der in der Nazizeit aus jüdischem Besitz zwangsversteigert wurde, hat seine endgültige Heimat gefunden. Die Erben der rechtmäßigen Eigentümerin Emma Budge wurden entschädigt.Read More
Schnell, sicher und umweltfreundlich von Tschechien nach Polen
Die Zugstrecke von Dětmarovice über Petrovice u Karviné an die tschechisch-polnische Grenze wird saniert – schon in zwei Jahren werden Bahnreisen von der Tschechischen Republik nach Polen schneller, sicherer und umweltfreundlicher.Read More
EIB begrüßt Startschuss zur Europäischen Rohstoffallianz
On 29 September, EIB Vice-President Ambroise Fayolle took part in the launch of the European Raw Materials Alliance. The creation of this industry-driven alliance is part of the European Commission’s Action Plan on Critical Raw Materials to reduce Europe’s dependency for non-energy raw materials used in industrial value chains through exploration,...
Rettet den Aralsee!
Was mit dem Aralsee passiert, gehört zu den größten menschengemachten Umweltkatastrophen unserer Zeit. Mehr als 33 Millionen Menschen sind unmittelbar von den verheeren ökologischen und wirtschaftlichen Auswirkungen in der Region betroffen. Die Lage ist ernst, aber noch sind die Schäden nicht irreparabel. Deshalb hat die...
Legal
67% of law firms say skills shortages threaten growth
Despite the ongoing environment of geopolitical uncertainty, UK law firms remain optimistic about their growth prospects. That’s according to new research from specialist recruiter, Clayton Legal , which reveals that 66% of firms are looking to increase headcount over the next twelve months to contend with increased demand for their services. The...
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...
Deals
Inspire Brands to Acquire Dunkin’ Brands in $11.3 Billion Transaction
ATLANTA & CANTON, Mass.--(BUSINESS WIRE)--Inspire Brands, Inc. (“Inspire”) and Dunkin’ Brands Group, Inc. (“Dunkin’ Brands”) (NASDAQ: DNKN), parent company of Dunkin’ and Baskin-Robbins, announced today that they have entered into a definitive merger agreement under which Inspire will acquire Dunkin’ Brands for $106.50 per share in cash...
Audax Private Debt Provides Financing to Support True Wind Capital’s Investment in AIA Contract Documents
NEW YORK--(BUSINESS WIRE)--Audax Private Debt announced that, as Agent and Sole Lead arranger, it provided a unitranche debt financing to support the investment in AIA Contract Documents (the “Company” or “ACD”) by True Wind Capital Management, a San Francisco-based private equity firm focused on investing in leading technology companies. Headquartered...
Mylan and Pfizer Receive Clearance from the U.S. Federal Trade Commission for Proposed Combination of Mylan and Upjohn
HERTFORDSHIRE, England & PITTSBURGH & NEW YORK--(BUSINESS WIRE)--Mylan N.V. (NASDAQ: MYL) and Pfizer Inc. (NYSE: PFE) today announced that the U.S. Federal Trade Commission (the “FTC”) accepted a proposed consent order, which concludes the FTC’s review of the proposed combination of Mylan and Pfizer’s Upjohn Business. The parties have now obtained...
Waste Management Completes $4.6 Billion Acquisition of Advanced Disposal
HOUSTON--(BUSINESS WIRE)--Waste Management (NYSE: WM) announced today that it completed its acquisition of all outstanding shares of Advanced Disposal on October 30, following the receipt of required regulatory approvals. The previously announced purchase price of $30.30 per share in cash represents a total enterprise value of $4.6 billion when including...
IPSY Acquires BoxyCharm, Forming BFA Industries, the $1 Billion Beauty Innovation Powerhouse That Fosters Community Self-Expression
SAN MATEO, Calif.--(BUSINESS WIRE)--IPSY acquires BoxyCharm to form $1 Billion beauty innovation powerhouse BFA IndustriesRead More
Acq Lite
How women can secure the investment they deserve
Women don’t ask for the investment that they need for their businesses; here is how to ask for more money and how to get it Earlier this year, the Treasury published its statistics on venture capital funding highlighting that within the UK, only 1p out of every £1 of venture capital goes to women-led start-ups. Comparatively, all-male founding...
Curious quokka licks cyclist's pedals in Western Australia
March 9 (UPI) -- A cyclist taking a break in Western Australia captured video of a curious quokka licking the pedals of her bicycle.Shannon Ducker said she was taking a break from cycling on Rottnest Island when the quokka approached her bicycle and started licking the pedals.Ducker captured video as the apparently hungry animal enjoyed the taste of...
Truck loses, drags two wheels on Oregon road
March 9 (UPI) -- A driver on an Oregon road captured video of a semi truck that somehow lost two wheels on a city road and dragged them for several yards.The video, filmed Monday on a street in Cornelius, shows the semi driving on a slow speed while dragging two wheels that somehow became separated from its trailer.The wheels drag behind the truck until...
Cat credited with rescuing Pennsylvania couple from fire
March 9 (UPI) -- A Pennsylvania couple's pet cat is being hailed as a hero after alerting its owners to a late night fire that started inside their home.The McKeesport Fire Department said the couple were in bed about 1:30 a.m. Friday when their cat alerted them to something amiss inside their home."Fortunately, both were in bed at the time, and the...
IHOP announces breakfast-themed PancakeWear clothing line
March 9 (UPI) -- Restaurant chain IHOP announced the debut of its breakfast-themed clothing line, PancakeWear, created to benefit a children's charity.The eatery announced it will soon be offering onesies, loungepants and socks in adult and child sizes featuring breakfast-themed prints."The ultra-comfy PancakeWear by IHOP collection is the perfect accessory...