Europe

Headlines

Emma Levén becomes the new group CFO at FundedByMe

Emma Levén, previously CFO at Swedeltaco AB, now becomes a part of the team behind the biggest and fastest growing crowdfunding platform in Scandinavia. She has a background in international growth and listings, and will be a strong addition as Group Chief Financial Officer at FundedByMe prior to upcoming listing at NGM as well as future ventures. "It...

Mediolanum Asset Management Bolsters Investment team capabilities

Astrid Schilo and Inma Conde join Dublin team as part of the firm’s growth ambitions in Europe Mediolanum Asset Management (MAML), the Irish asset management company of the Mediolanum Banking Group, today announced the appointments of Astrid Schilo as Multi Asset Strategist and Inma Conde as Head of Manager Research, in Dublin. Following the hire...

Duncan Ainscough joins Gordon Brothers as Managing Director

Duncan will manage the Valuation and Industrial Division in Europe. Gordon Brothers, the global advisory, restructuring, and investment firm, announced today that Duncan Ainscough has joined the team in Europe to head up the Valuation and Industrial Division. Duncan has deep knowledge and understanding of used equipment markets having held senior...

MEIF investment the jet fuel for logistics firm’s aerospace expansion

OnLogistics Ltd joins growing list of companies to receive finance via the Midlands Engine Investment Fund£350k to be used to recruit 14 more employees and upgrade its distribution serviceInvestment comes at a time of extreme growth for the firm after recently signing a three-year contract with Rolls Royce Control Systems Tamworth-headquartered...

Study ranks Cambridge, Aberdeen and London as the UK's most gentrified cities

New study from GoCompare shows where the biggest changes in public spending, average incomes, and housing prices have taken place.Results surprisingly show Aberdeen ranks higher than London among the most gentrified cities in the UK. Cambridge ranks above all others as the UK’s most gentrified city. In recent years, gentrification has become...

Finance

Litigation finance offers investors attractive yields

CONTINGENT fees, in which clients pay lawyers only if a case is won, have long been a feature of America’s legal system. Many other countries used to bar them, wary of importing America’s ambulance-chasing culture. But a belated acceptance of their benefits means they are now widely allowed. “No-win, no-fee” arrangements help shift risks...

How to design carbon taxes

ECONOMISTS view pricing greenhouse-gas emissions as an elegant way to reduce them. There are more than 70 national and regional schemes, covering perhaps a fifth of global emissions, which charge polluters for the carbon dioxide they belch out. But that leaves an awful lot of the world to be convinced of the merits of such schemes. Sceptics point...

Australia’s lauded private-pension system is under scrutiny

High fees down under PAUL KEATING, a former prime minister of Australia, calls the country’s superannuation system “the envy of the developed economies”. In many ways, it is. The “super”, as Aussies call their private-pension provision, was a crowning achievement of Mr Keating’s premiership. In 1992 he made it compulsory for employers...

Life-insurance policies with perks make it to America

PEOPLE only contact their insurers when things go wrong and they need to make a claim. This generally means losses for the insurer. It also means stress and hassle for the customer. In order to mitigate both problems, insurers increasingly offer extra services alongside their bog-standard policies. Aviva, a British insurer, for instance, installs...

New software helps uncover Mafia crime masked as ordinary business

The code breaks the silence FOR an inkling of how hard it is for Italian authorities to identify Mafia activity, consider how mobsters disguise the pizzo, or protection payments, they extort. The owner of a business may find that customers have been scared off by a menacing stranger. Within days a mysterious man visits. He may request a regular...

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

YFM Equity Partners invests £4.5m to support the continued growth of Collaborative Project Management Services Ltd

YFM Equity Partners (YFM), the specialist private equity fund manager, has invested £4.5m from its managed funds into Collaborative Project Management Services (CPMS) to support the continued growth of the business through ongoing new product and market development.  YFM’s investment is the sixth investment from its £46m buyout fund. CPMS...

YFM Equity Partners backs the £10m MBO of DSP Database Managed Services

YFM Equity Partners (“YFM”), the specialist private equity fund manager has backed the MBO of DSP Database Managed Services (“DSP”), a leading provider of database and data platform managed services.  Charlie Robinson and Ian Waterfield led the investment for YFM and this announcement marks the sixth investment from YFM’s Buyout...

H.I.G. Capital announces the sale of KidsFoundation

H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with more than €21 billion of equity capital under management, announced today that one of its affiliates has entered a definitive agreement to sell the KidsFoundation Group (“KidsFoundation”), the Dutch market leader in childcare services, to Onex Corporation...

NPIF - Maven Equity Finance invests £750,000 in Extreme Low Energy

Lancashire-based technology platform will double staff numbers in the next 12 months and create a R&D function to accelerate new product development NPIF Maven Equity Finance (“the Fund”), part of the Northern Powerhouse Investment Fund (“NPIF”), and managed by Maven Capital Partners (“Maven”), has invested £750,000 in Lancashire-based...

Univercells raises €16 million in Series B financing round led by Global Health Investment Fund

Investment proceeds will support commercialization of the company’s breakthrough biologics manufacturing technology Univercells SA (‘Univercells’) and Global Health Investment Fund (‘GHIF’) are pleased to announce the closing of a €16 million ($18.8M) Series B equity financing. Investment proceeds will support the continued development...

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...