Europe

Headlines

Riverside promotes Karsten Langer to Managing Partner

Langer will lead Riverside Europe Fund The Riverside Company, a global private equity firm, has named Karsten Langer as its new Managing Partner for the Riverside Europe Fund (REF). Langer will lead the management of 30 professionals across Europe as Riverside continues to look for internationally growing entrepreneurial companies.  Langer...

YFM Equity Partners supports significant investment into Frescobol Carioca, the luxury men’s resort wear and lifestyle brand

Funds advised and managed by YFM Equity Partners (“YFM”), the specialist private equity fund manager have backed a significant investment into Frescobol Carioca Limited (“Frescobol”). YFM’s investment comes from its two advised VCTs, British Smaller Companies VCT plc and British Smaller Companies VCT2 plc. Founded in 2013 as the brainchild...

Trio of funding specialists joins the BTG Advisory team

BTG Advisory, a division of Begbies Traynor Group plc, has appointed experienced funding experts David Smithies, Stephen Couldwell and Andy Chaffer to its corporate solutions team. David, Stephen and Andy will work with banks and professionals to help businesses across the North to access unsecured lending, in partnership with European credit...

Beechbrook Capital establishes German presence with new hire

Beechbrook Capital, the specialist direct lender, has appointed Peter Gottron as Investment Director, DACH, covering Germany, Austria and Switzerland. Mr Gottron will be based in Frankfurt, establishing Beechbrook’s first office in Germany. Mr Gottron, 49, was previously head of corporate banking for Mainzer Volksbank and before that a director...

Mayfair-based alternative finance house IW Capital announces the launch of their new debt fund

A £10,000 entry point opens up small business investment to retail investors Debt finance availability is the biggest concern for business investors Debt finance could help bridge the funding gap for growing SMEs SME growth will be key to financially future-proofing the private sector  As we struggle to purchase homes could British business...

Finance

EIB und andere Entwicklungsfinanzierer stellen gemeinsame Website für Länderanalysen vor

Auf der neuen Website werden länderbezogene Analysen internationaler Finanzierungs- und Entwicklungsinstitutionen zusammengeführt und für Entscheidungsträger, Wissenschaft und Zivilgesellschaft zugänglich gemacht.Read More

Discussions at the EIB on diversity and inclusion

Luxembourg Diversity Day (Diversity Day Lëtzebuerg) on 15 May is an occasion to emphasise the importance and benefits of diversity – particularly workplace diversity – across the country. The same goes for the International Day Against Homophobia, Transphobia and Biphobia (IDAHOT) on 17 May, which aims to raise awareness to combat prejudice and...

The biggest collapse in private-equity history will have a lasting impact

IN SEPTEMBER 2017 executives at Hamilton Lane, an asset manager, received an email. Entitled “Abraaj Fund VI warning”, it accused the Abraaj Group, a buy-out firm based in Dubai, of inflating the value of its investments to lure capital into its latest fund. The email was anonymous and littered with typos and grammatical errors, but its tone was...

Instant buyers are changing the way people buy and sell their homes

A WELL-FUNCTIONING market is one that enables buyers and sellers to execute transactions quickly, easily and cheaply. Take the market for oil, or for blue-chip shares. Lots of buyers and sellers, gathered on commodity or stock exchanges, mean lots of bids and offers. Transactions are speedy and fees low. Company bonds, by contrast, vary in their tenor...

Beneath the dull surface, Europe’s stockmarket is a place of extremes

IT WOULD BE hard to tell a story about America’s stockmarket without mention of at least one company that listed this century—Google or Facebook, say. Europe is rather different. Its bourses are heavy with giants from the age of industry but light on the digital champions of tomorrow. It is telling, perhaps, that its character can be captured in...

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

Captec Group's latest acquisition fuels IPO momentum

The Captec Group, designer and manufacturer of specialist computer equipment, today announces it has completed the 100% share capital acquisition of Cove Industrial Enterprises Ltd, for an undisclosed fee. Adding Cove’s 56 years’ knowledge and experience to its capabilities set, Captec will enable a more integrated offering to customers...

Asterion Industrial Partners completes first close with commitments over €500m for pan-European Infrastructure Fund

The Fund, which has a target size of €850m, has reached a first close in four months since it was registered with the CNMVAsterion has completed its first deal with the acquisition of a co-controlling stake in French utility group Proxiserve  Guido Mitrani, former Director in the KKR infrastructure team, to join Asterion as a Partner Pan-European...

GCA Altium leads Synova investment in Mediatonic

Global investment bank GCA Altium has advised the UK’s leading independent mobile live games developer, Mediatonic, on an investment from Synova Capital.  Founded in 2005, and with headquarters in London, Mediatonic has launched over 100 games in partnership with some of the world’s largest game publishers, including Scopely and Square Enix....

Bowmark Capital completes take-private of Tax Systems Plc

Bowmark Capital, the mid-market private equity firm, has completed the take-private of AIM-listed Tax Systems Plc, the leading provider of corporation tax software and services in the UK and Ireland.  The transaction values Tax Systems at £114 million.  Founded in 1991, Tax Systems’ portfolio of solutions automates the end-to-end tax compliance...

Cavendish Corporate Finance advises Inflexion Private Equity on its buyout of Creative Car Park Limited

Transaction is Cavendish’s first buy side deal and illustrates how its recent merger with finnCap has created a Group with an unrivalled breadth of services in the mid-market Cavendish Corporate Finance, the UK’s leading mid-market M&A firm, and part of the finnCap Group, has advised Inflexion Private Equity on its successful buyout...

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...