Europe

Headlines

A skilled workforce needs employers

We need politicians to understand how a skilled workforce is locally sustained Judith Cummins, MP for Bradford South, has highlighted the need for a radical overhaul of our skills policy to help places like Bradford, one of the top 40 constituencies to be affected by automation in the coming years. Cummins identified that 15% of her constituents have...

Restructuring Partner Mark Knight Joins Sidley in London

Sidley Austin LLP announced today that Mark Knight has joined the firm as a partner in its London office. He will be a member of Sidley’s global Restructuring practice. Mr. Knight is experienced in leading complex, precedent- setting multijurisdictional restructurings on both the creditor and debtor sides.Before joining Sidley, Mr. Knight served...

SANNE opens new office in Amsterdam, the Netherlands

SANNE, a leading global provider of alternative asset and corporate services is delighted to announce the opening of a new office in Amsterdam, in the Netherlands. The opening of this new office adds further European capability to SANNE’s already strong network of offices located in the leading international financial centres, including London, Dublin,...

Five things to look out for in 2019

Graham Bishop, investment director at Heartwood Investment Management, the asset management arm of Handelsbanken in the UK: On the heels of a year dominated by trade wars, Brexit melodrama, and challenging investment markets, what should investors look out for in the year ahead? Mad as a March hare: The US debt ceiling debate At the beginning...

Pantheon opens Dublin office

Authorized as an EU Alternative Investment Fund Manager (“AIFM”) Authorized to conduct regulated activities within the EULocal team in place led by Stephen Branagan, CEO, Pantheon Ventures (Ireland) DAC Pantheon, a $42 billion global investor in private equity, infrastructure, real assets and debt, has announced it is fully operational in...

Finance

What would happen if Facebook were turned off?

THERE HAS never been such an agglomeration of humanity as Facebook. Some 2.3bn people, 30% of the world’s population, engage with the network each month. Economists reckon it may yield trillions of dollars’ worth of value for its users. But Facebook is also blamed for all sorts of social horrors: from addiction and bullying to the erosion of...

France : la BEI approuve un prêt de 18 millions d’euros pour Ecoslops

Le Conseil d’Administration de la BEI a approuvé mardi 5 février un prêt de 18 millions d’EUR à l’entreprise Française Ecoslops afin de financer la construction de deux installations de recyclage d’hydrocarbures marins destinées aux ports de Marseille (France) et de Antwerp (Belgique). Ce prêt...

The biggest bank merger since the crisis may herald more

GIANT BANKS are made, not born. Today’s American behemoths were formed by a dizzying series of deals in the decade before the financial crisis. NationsBank and BankAmerica became Bank of America. Wells Fargo joined with Norwest. J.P. Morgan and Chase melded, and then bought Bank One. The crisis brought more mergers, but out of necessity as much...

When trouble strikes, where should you hide? The case for gold

IMAGINE YOU have an assignation in New York. You have not been told where you should meet the other person and she has not been told where to meet you. You have no understanding of where to find her or where she might usually be found. She is as ignorant of you. You cannot communicate. You must somehow guess how to find each other and make those...

Men still pick “blue” jobs and women “pink” jobs

Fighting fires, they’re all orange EVERY YEAR a few women become the first of their sex to hold a particular job. The stars of 2018 include Tennessee’s first female senator and the first female head of the New York Stock Exchange. There is the occasional male first, too: in 2018 the first men graduated from Norland College, which trains nannies...

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

Investcorp Technology Partners announces the acquisition of Ubisense

Investcorp Technology Partners, a leading European lower middle market technology investor, today announces that it has completed its acquisition of Ubisense’s SmartSpace business unit, including the Ubisense brand, for up to £35m. The investment is the fifth deal from Investcorp’s Technology Fund IV. Ubisense’s SmartSpace is an enterprise...

BGF exits Petrotechnics

BGF has announced the exit of its minority investment in Petrotechnics, a global leader of software solutions for hazardous industries, following its acquisition by US-based Sphera Solutions Inc. BGF invested £6m in the Aberdeen-based company in 2013 to support the development of Proscient – the first software enterprise platform for operational...

Weinhold Legal assisted JOJ Group with the acquisition of six stations

Weinhold Legal provided legal assistance to JOJ Group, a media company present in the Czech and Slovak media markets, in connection with its acquisition of a 100% stake in Československá filmová společnost, s.r.o. (whose portfolio includes tv stations such as CS film, CS mini, Horor film, War TV, Kinosvět and online videoportal Film popular). The...

Investcorp closes $185 million continuation vehicle with HarbourVest

Investcorp Technology Partners (“ITP”), a leading European lower middle market technology investor, today announced that it has successfully closed the transfer of its remaining two portfolio companies in ITP Fund III, with a combined enterprise value of $185 million, to a continuation vehicle, Investcorp Secondary Fund 2018 L.P. which...

Cavendish advises fast growing healthy recipe box bran Mindful Chef on securing £6m of further investment from Piper

Transaction showcases the strength of Cavendish’s healthy food and direct to consumer expertise Cavendish Corporate Finance, the UK’s leading sell-side mid-market M&A firm, has advised fast-growing healthy recipe box brand Mindful Chef on securing £6m of further investment from Piper, the specialist consumer brand investor. Founded by ...

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...

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...

Woman's lawsuit alleges injury from drag queen's fake breast

March 9 (UPI) -- A woman is suing a Florida restaurant for $1.5 million, alleging she suffered injuries as a result of an encounter with a drag performer's fake breast.Neldin Molina's lawsuit against the Hamburger Mary's eatery in Tampa states she was dining with friends and family members at the eatery to celebrate a friend's birthday in May 2015.Molina's...