Europe

Headlines

Investcorp appoints Dominic Courtman as Portfolio Manager in Credit Management

Investcorp, a leading global provider and manager of alternative investments, today announces the appointment of Dominic Courtman as Portfolio Manager and Director of Investcorp’s European Credit Management business (ICM EU). Dominic will be based in London and have responsibility for the portfolio management and structuring of closed-end credit...

AI throws light on automotive industry's billion dollar intellectual property

Cipher Automotive Delivers Essential Patent Data for the Automotive sector Aistemos, the market leader in AI-powered patent analytics, today published Automotive Patent Trends 2018, the definitive guide to who’s protecting what across electrification, autonomy and connectivity. This new source of competitive intelligence is made possible by Cipher...

Half of private equity firms not satisfied with their cybersecurity arrangements

Research by Augentius reveals sentiment and prioritisation of technology across PERE industry 51 per cent of Private Equity and Real Estate managers are less than satisfied with their current level of cybersecurityOver half view investing in their own firm’s technology as a high priority for the coming yearManagers expect data management technology...

ProLabs welcomes Matt McCormick as CEO of Halo

McCormick brings over ten years’ experience in the compatibles industry to Halo Technology Optical transceiver specialist, ProLabs, is pleased to announce the appointment of Matt McCormick to CEO of Halo Technology, a group recently formed after the forces of ProLabs and AddOn came together in mid-2017. Joining AddOn in 2005 as a sales associate,...

Business development director with LSE experience to drive corporate growth at Hawksford

Hawksford has appointed a corporate business development director with over 20 years’ experience in the financial services industry, most recently focussing on clients within the corporate finance and equity capital markets arenas.Danny Curran, who will be based in the UK, will be responsible for securing and developing new business in Hawksford’s...

Finance

How to spur Europe’s entrepreneurial spirit

The EU is moving in the right direction to expand innovation finance, Deputy Managing Director of the European Fund for Strategic Investments Iliyana Tsanova said at the annual Webit. Festival Europe in Sofia.Read More

David Solomon will be the new CEO of Goldman Sachs

Songs of Solomon LAME-DUCK periods can last for only so long. It was clear beforehand that a Goldman Sachs earnings call this week would be packed with questions about succession. When would the chief executive, Lloyd Blankfein, step down? (He had said in March he was leaving, but gave no date.) What would his departure mean for the firm’s other...

Income-share agreements are a novel way to pay tuition fees

TO PAY for his professional flight degree at Purdue University in Indiana, Andrew Hoyler had two choices. He could rely on loans and scholarships. Or he could cover some of the cost with an “income-share agreement” (ISA), a contract with Purdue to pay it a percentage of his earnings for a fixed period after graduation. Salaries for new pilots...

What Venezuelan savers can teach everyone else

ASK the chief investment officer of a fund-management firm how to spread your investments and you will be told to put so much in stocks, so much in bonds and something in hedge funds or private equity. Chances are that white-elephant buildings, eggs and long-life milk will not feature. But in Venezuela, where the inflation rate is in the tens of...

Football talent scouts become more rational

Making a Kylian CHEERS erupted from Calais to Cannes when Kylian Mbappé, a 19-year-old striker, thumped in France’s fourth goal in the World Cup final on July 15th. Among the smuggest onlookers were the accountants at Paris Saint-Germain, Mr Mbappé’s club. He was already a prized asset before the tournament, having broken the record for goals...

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

'Profit with purpose' fund seeks £5m to back high impact enterprises

Impact First will aim to generate both financial and social returns SIS Ventures is launching its first £5 million fund to back Scotland’s high impact enterprises. Benefiting from both Enterprise Investment Scheme (EIS) relief and Social Investment Tax Relief (SITR), Impact First will offer investors a portfolio of between six and twelve high-growth...

Maven Equity Finance leads £1m investment in Airtime Rewards

Funding will be to used to drive sales function and strengthen customer services and will create 12 new jobs in the next year NPIF - Maven Equity Finance (“the Fund”), part of the Northern Powerhouse Investment Fund, managed by Maven Capital Partners (“Maven”), one of the UK’s most active SME investors has invested £750,000, as part of...

YFM Equity Partners supports £3m investment into Arcus, an innovative cloud-based software business that serves local and national public sector organisations

Funds advised and managed by YFM Equity Partners (“YFM”), the specialist private equity fund manager have backed a £3m investment into Arcus Global Limited (“Arcus”), a provider of cloud-based software solutions to local and national public sector organisations. YFM’s investment comes from its two advised VCTs, British Smaller Companies...

Foresight Williams Technology EIS Fund makes £2.1m investment into Oxford Space Systems Limited

Oxford Space Systems is a space technology business developing a new generation of light-weight unfurlable boom arms and foldable antennae Synergies with Williams Advanced Engineering’s light-weight materials and structures expertise The Fund supports the commercialisation of disruptive technologies with high-performance engineering capability...

PayAsUGym completes £6.5m Series A investment round led by Albion Capital

Albion Capital, the leading independent investment manager, has led a £6.5 million Series A investment round in PayAsUGym (‘PAUG’), the online fitness marketplace, alongside existing co-investor Concentric and individual angels. The investment will be used to build the team, further enhance the product, grow the gym network and overall user...

Acq Lite

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...

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...

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...

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...

'Sixth sense' sends woman back into store for winning lottery ticket

March 9 (UPI) -- A South Carolina woman said she owes her $250,000 lottery jackpot to a feeling that caused her to go back inside a store after finishing her shopping.The winner told South Carolina Education Lottery officials she was leaving The Spinx Company in Greenville when she felt compelled to go back inside the store and buy a $250,000 Extra...