Europe

Headlines

SIA Group opens Southampton office

SIA Group, a leading asset valuation, asset advisory and asset disposal business has announced the opening of a Southampton office further expanding its operations across the UK. The office located at Enterprise House, Ocean Village, Southampton SO14 3XB will be staffed by an initial four strong local team of asset valuation,advisory and disposal...

Dow Jones VentureSource 1Q’17 Europe Venture Capital Report

VENTURE CAPITAL REPORT:The following report presents Dow Jones VentureSource’s quarterly findings for European venture capital fundraising, investment, valuation, and liquidity. The included charts and graphs offer a comprehensive view of the trends currently affecting the venture capital market. Highlights for 1Q 2017 include: The...

​Equiniti International Payments strengthens team with six hires across the business

The leading global payments provider, Equiniti International Payments, has appointed six new members of staff as it drives forward further growth across the business.Aftab Baig joins the global payments provider as Head of FinCrime Compliance (Interim), and reports into Nick Pedersen, Managing Director. Thomas Campbell joins as Business Development...

Tikehau Capital celebrates successful listing on Euronext Paris

Market capitalisation €1.5 billionEuronext today welcomed asset management and investment group Tikehau Capital’s listing in Compartment A of its regulated market in Paris. Tikehau Capital was founded in Paris in 2004 and manages assets totalling nearly €10 billion. It has built its growth on four asset categories: private debt, real estate,...

Analysis: The Hottest Sector for Late Stage Tech​ Investing in Europe is Non-Tech

Investments masquerading as tech disguise the fundamental weakness of Europe’s late stage funding rounds.Only 20 real tech companies in Europe get crucial late stage funding each year.Europe is much further behind the US in late stage tech investing than it appears, according to analysis by Magister Advisors. Late stage tech funding is far behind...

Finance

Statement by the staff of the European Commission and the European Central Bank following the seventh post-programme surveillance visit to Spain

PRESS RELEASE28 April 2017Staff from the European Commission, in liaison with staff from the European Central Bank (ECB), carried out the seventh post-programme surveillance visit to Spain on 24-26 April 2017. The European Stability Mechanism (ESM) participated in the meetings on aspects relating to its Early Warning System. Real GDP growth continued...

Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

April 2017Monetary policyCentral bank compliance with prohibitions on monetary financing and privileged accessOn 10 April 2017, in accordance with the Treaty on the Functioning of the European Union (TFEU), which assigns the ECB the task of monitoring the compliance of EU central banks with the prohibitions referred to in Articles 123 and 124 of the...

Artemis promotes Kumar to fund manager

Artemis Investment Management LLP announced that Kartik Kumar, who joined Artemis in 2012 as a graduate trainee and has been since 2013 an analyst on the £804m Artemis strategic assets fund, has been promoted to… ...Read More

Catella highlights first Nasdaq Stockholm AIF fund

Swedish financial group Catella’s Property Investment Management unit has announced what it says will be the first alternative property fund to list on Nasdaq Stockholm’s new AIF list. The Property Income 2017 fund will invest… ...Read More

Nucleus appoints non-executive director

Nucleus announced the appointment of John Levin to its board of directors. Levin, co-founder of Certua, a technology platform that uses client financial data to automate and personalise insurance, has a wealth of experience in… ...Read More

Legal

​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...

Proskauer, Loeb & Loeb, Cooley Bring NHL to Las Vegas

Ice hockey in the desert might have somewhat of a checkered history in the National Hockey League, but three Am Law 200 firms are advising on a $500 million deal announced late Wednesday to bring a professional hockey franchise to Sin City. Read More

Deals

​Consortium announces investment in Thames Water

Borealis Infrastructure (“Borealis”), the infrastructure investment manager of OMERS, and Wren House Infrastructure Management Limited (“Wren House”), the infrastructure investing arm of the Kuwait Investment Authority, (each a “Consortium Member” and collectively the “Consortium”), are pleased to announce that they have agreed to acquire...

​Aquila Capital expands Nordic portfolio with acquisition of wind project in Finland

Aquila Capital is expanding its portfolio in the Nordics with the acquisition of its first project in Finland, a wind farm with an installed capacity of 14.4 MW on the coast near Kokkola.The Windpark Ykspihlaja includes four Nordex N131/3600 turbines and is in one of Finland’s most favorable locations with an average wind speed of 7.7 meters/second....

New ONS M&A report shows increase international deals in the UK hit record levels

Livingstone has just released its 2014-2016 Global M&A deals Tracker (attached) which breaks down the volume of international M&A deals. Stats include the following;Chinese acquisitions of UK companies increased by 215% in the period 2014-2016, although they account for only one in 20 international acquisitions in the UK marketplace;US investors remain...

​Maven Capital Partners completes £6.5 million MBO of Healthpoint Limited

Funding package will enable Healthpoint to drive growth through new product development and further penetrate grocery multiples, value retailers and export marketsMaven Capital Partners (“Maven”), one of the UK’s most active private equity houses, has completed a £6.5 million management buy-out of Healthpoint Limited (“Healthpoint”), which...

Advent International submits binding offer for STADA Arzneimittel Aktiengesellschaft to STADA management board

Cash offer of €58 per share – Premium of 66 percent compared to STADA’s stock price prior to the publication of share purchases of activist investorsSTADA shareholders will additionally benefit from the expected dividend payment in June 2017Decision of submission of identical public takeover offer to STADA shareholders subject to approval by the...

Acq Lite

Captain jumps between moving sailboats in 'pirate' imitation

April 28 (UPI) -- A fearless sailboat captain cruising in Mexico pulled off a "pirate" maneuver by jumping from one fast-moving boat to another.Christian Hauser posted a video to Vimeo showing what happened when captain and diving instructor Joaquin Carboni decided to turn their trip in Bahia de Banderas, Mexico, into a "pirate adventure."The video...

Skunk rescued from McFlurry cup in Chicago suburb

April 28 (UPI) -- A hapless skunk in the Chicago suburbs was filmed running circles around an office complex parking lot with a McFlurry cup stuck on its head.Violetta Talley pf South Elgin posted a video to YouTube showing the skunk running in circles after its apparent craving for a McDonald's dessert led to its head getting stuck inside the cup.Talley...

Glaring typo on Chicago Metra sign goes viral after Reddit post

April 28 (UPI) -- A sign at a Chicago Metra facility is going viral after a Reddit user pointed out a glaring typo: "federal" misspelled as "ferderal."The sign at the Metra Western Ave. Storage Facility, in the Humboldt Park neighborhood, identifies the location as the site of a "Ferderal Transit Administration Project."It's unclear how long the erroneous...

Former British soccer star Alan Shearer sets selfie world record

April 28 (UPI) -- Former British soccer player Alan Shearer partnered with a group of students to set a world record for most selfies taken in 3 minutes.Shearer joined more than 100 students between the ages of 3 and 18 at the Newcastle School for Boys to attempt the Guinness World Record for "most self-portrait photographs (selfies) taken in 3 minutes"...

10-foot gator repeatedly crosses busy Florida road during rush hour

April 28 (UPI) -- A 10-foot alligator was spotted repeatedly crossing a busy Florida road during rush hour to pass between two bodies of water.The alligator was seen during rush hour Thursday afternoon crossing the intersection of U.S. Highway 441 and State Road 19 in Tavares."I looked up and saw this huge head...just wobbling around and I was like...