Tag Archives: Europe

Permira reports appointments in credit, healthcare units

By Andrei Skvarsky. Investment firm Permira has promoted David Hirschmann and Ariadna Stefanescu to the roles of co-heads of the Permira Credit unit while Jon Serbousek was hired as a senior adviser to Permira’s global healthcare team and Jon Marschmeyer joined the firm’s New York healthcare division as a partner. Hirschmann and Stefanescu will retain… Continue Reading

Gresham House fund raises £450m for environmental, social projects in UK

A fund run by alternative asset manager Gresham House has raised a little less than £450m ($574m) for financing environmental and social projects in Britain. The Guernsey-domiciled British Sustainable Infrastructure Fund (BSIF) II obtained the money from eight local government pension schemes and four family offices, the London-based asset manager said in a statement. Portfolio… Continue Reading

CEO of deVere: Sustained growth should be No. 1 task of ECB, Bank of England

By Andrei Skvarsky. It should be the main concern of the European Central Bank (ECB) and the Bank of England (BOE) to prevent “already slowing” economic growth from stopping as this would trigger a bunch of woes, according to the CEO of financial consultancy deVere, Nigel Green. In criticising eminent economist Nouriel Roubini for insisting… Continue Reading

France’s Carmignac makes two hires to run merger arbitrage funds

By Andrei Skvarsky. Paris-based asset management firm Carmignac has enlarged its alternative investment team by hiring Fabienne Cretin-Fumeron and Stéphane Dieudonné from Candriam, a subsidiary of U.S. insurance company New York Life, as merger arbitrage managers. Cretin-Fumeron and Dieudonné both have 18-year experience in merger arbitrage, also known as risk arbitrage, a risk avoidance investment… Continue Reading

Tempo remittance firm to get verification services from Sumsub

By Andrei Skvarsky. Tempo France, a Paris-headquartered digital money transfer company, has become a client of London-based compliance-as-a-service and verification firm Sumsub. Tempo, which is licensed by French financial services regulator ACPR, has gained access to the full range of Sumsub’s know-your-customer and anti-money laundering (KYC/AML) services, according to a statement from the London firm,… Continue Reading

Prop trader The Trading Pit hires Daniela Egli as CEO

Proprietary trading company The Trading Pit has hired Daniela Egli as its chief executive officer. Egli will be based at The Trading Pit’s business headquarters in Limassol, Cyprus, according to a statement from the company. The firm is formally domiciled in Liechtenstein, where its office is headed by Thomas Heyden. Egli comes to The Trading… Continue Reading

Prop trader The Trading Pit raises 10m euros in funding round

By Andrei Skvarsky. The Trading Pit (TTP), a Liechtenstein-based proprietary trading fintech startup, has raised 10m euros ($10.4m) in its latest round of growth funding. TTP now has the goal of achieving global access to all key asset classes, including foreign exchange, stocks, futures and cryptocurrencies, within the next six months, the firm said in… Continue Reading

M4Markets brokerage gets go-ahead to Europe trade from Cyprus regulator

By Andrei Skvarsky. Seychelles-headquartered foreign exchange and contract for differences (CFD) broker M4Markets has obtained a licence from the Cyprus Securities and Exchange Commission (CySEC) authorising it to cater to European traders. The authorisation came via the acquisition by The Oryx Group, the Belgian-based company behind M4Markets, of CySEC-licensed investment firm ICC Intercertus Capital, which… Continue Reading

Aussie investment firm Laguna Bay outsources fund admin to Bermuda-based Apex

By Andrei Skvarsky. Australian investment firm Laguna Bay has hired Apex Group, a Bermuda-headquartered financial services provider, to manage a fund for investing in food and agricultural projects in Australia and New Zealand. Laguna Bay Fund 2, the vehicle Apex will manage, is planned to raise and invest up to 1bn Australian dollars (US$672m), according… Continue Reading

Deal enables Apex to use Inveniam blockchain for asset valuation

By Andrei Skvarsky. U.S. fintech company Inveniam has clinched a deal with UK-based financial services firm Apex Group to enable the latter to use blockchain technology patented by the American company and its data operating system for asset valuation. “Using data that is verified on blockchain, through our innovative partnership with Inveniam, will … deliver… Continue Reading

Permira, Ampersand, Abu Dhabi govt co-acquire, merge two biopharma firms

By Andrei Skvarsky. Private equity investment firms Permira and Ampersand, based in London and Boston respectively, and the Abu Dhabi Investment Authority (ADIA) have jointly acquired and merged two global pharmaceutical companies making remedies from human blood plasma. The merger of Kedrion Biophama, which is headquartered in Tuscany, Italy, and Bio Products Laboratory (BPL), which… Continue Reading

EVENTS: Legal Leaders Europe, forum of company lawyers

Legal Leaders Europe 2022, a conference in London on November 10-11 organised by Reuters Events, is going to bring together senior lawyers from scores of companies, among them Deutsche Bank, Barclays, BNP Paribas, Lloyds, Zurich Insurance, KPMG and Thomson Reuters. There is a diversity of issues on the agenda, including trends in legal tech, the… Continue Reading

The Trading Pit hires Periklis Hanna as head of marketing operations

The Trading Pit, a company headquartered in Bavaria and trading in a variety of assets, including futures and cryptocurrencies, has announced it has hired Periklis Hanna as head of marketing operations. The Trading Pit offers facilities for trading in assets such as cryptos, shares, foreign exchange, options, futures for a diversity of commodities and contracts… Continue Reading

Permira Credit hires ex-Carlyle manager Ian Jackson to oversee strategy unit

Global investment firm Permira said Ian Jackson, a former senior manager at financial services corporation Carlyle and Deutsche Bank, has been hired to head Permira Strategic Opportunities (PSO) at Permira Credit, the firm’s credit investment arm. Jackson spent 13 and a half years at The Carlyle Group, which is a multinational company headquartered in Washington,… Continue Reading

Dubai’s Mubadala spearheads $100m funding for Swedish neobank Juni

Emirati state-owned investment company Mubadala said on Twitter that its asset management arm, Mubadala Capital, had recently led a $100m Series B financing round for Swedish neobank Juni. Juni, which is headquartered in Gothenburg, is a business-to-business firm providing services for e-commerce companies. Mubadala, whose full name is Mubadala Investment Company, is based in Dubai. Continue Reading

EQT, Mubadala to buy out container maker Envirotainer from Cinven, Novo Holdings

By Andrei Skvarsky. Stockholm-headquartered EQT Private Equity and Abu Dhabi sovereign investment company Mubadala have clinched a deal to acquire Envirotainer, a provider of temperature-controlled containers for the air transport of biopharmaceuticals. The price that EQT Private Equity, a division of global investment group EQT, and Mubadala have agreed to pay the sellers, British private… Continue Reading

Reuters Events explains planned global ESG reporting standards

Reuters Events have produced a complimentary report explaining internationally agreed ESG performance reporting standards that are planned to replace the current global diversity of sustainability reporting requirements. Specifically, the 17-page brief goes into similarities and differences between the planned global standards and current European reporting practices. The planned procedural uniformity would put an end to… Continue Reading

Asset manager Apollo’s franchisee EPF buys 68 properties from Italian pension fund

By Andrei Skvarsky. European Principal Finance (EPF), a business franchised by New York-headquartered global asset manager Apollo, has bought an 842m-euro ($923m) portfolio of 68 commercial and residential real estate properties from an Italian pension fund. The properties include hotel, retail, logistics and parking assets and are mostly located in Rome and Milan, Apollo said… Continue Reading

Deutsche Boerse joins forces with AirCarbon Exchange in emissions quotas trade

By Andrei Skvarsky. Deutsche Boerse (DB1) has made an investment in AirCarbon Exchange (ACX) in what is expected to result in synergic collaboration between Singapore-based ACX and DB1 subsidiary European Energy Exchange (EEX) in selling carbon credits, greenhouse gas emission quotas. ACX, a carbon allowances trading specialist, did not disclose the exact sum received from… Continue Reading

VC firm Fort Ross announces interim closure of late-stage investment fund at $100m

By Andrei Skvarsky. Fort Ross Ventures, a Silicon Valley-based venture capital company, has announced an interim closure at $100m of a fund for the late-stage financing of startups. The Late-Stage Fund, whose declared target volume is $200m, is focused on investing in technology-enabled companies having a potential for an initial public offering (IPO) or a… Continue Reading

EVENTS: Three conferences not to be missed this month

European CLO Summit 2021, London, November 8. An in-person educational conference on collateralised loan obligation issues for investors, issuers, underwriters, rating agencies, lawyers and accountants. It will take place at the London Marriott Hotel Grosvenor Square. Extensive sanitary precautions are promised by the organisers, New York-headquartered Opal Group. Commodities Trading 2021, November 9-10. An online… Continue Reading

UAE’s Mubadala, two other firms invest $33m in Open Mineral metals trader

By Andrei Skvarsky. United Arab Emirates state investment company Mubadala and two other firms have put $33m into Switzerland-headquartered base metals trading company Open Mineral to help it further sophisticate the digitisation of its business. Dusseldorf-headquartered venture capital firm Statkraft Ventures and Beijing- and Hong Kong-based private equity fund Lingfeng Capital were the investors that joined Mubadala in… Continue Reading

EVENTS: Commercial Lines Innovation Europe, virtual event on Oct 11-13 to discuss role of technology in commercial insurance

Allianz, AXA, Generali and two dozen other insurance companies have confirmed they will take part in Commercial Lines Innovation Europe, a planned virtual conference on October 11-13 to focus on the role of technology and innovation in commercial insurance. More than 1,000 insurers are expected to attend the forum, whose extensive agenda will be divided… Continue Reading