Europe

Headlines

UK manufacturing drops to second place in league table of most attacked industry sectors – 2019 Global Threat Intelligence Report reveals

UK Manufacturing and Technology sectors continue to battle it out for first and second place in the table of most targeted industry sectors by cyber attackers, according to the 2019 Global Threat Intelligence Report (GTIR) from NTT Security, the is the specialised security company and the center of excellence in security for NTT Group....

Ingenious expands institutional funds offering

Luke Burdess appointed Business Development DirectorFollows the board appointments of Jamie Lowe as Managing Director, Institutional Distribution and Will Harrison as Managing Director, Media Ingenious, the leading alternative investment manager that specialises in the Media, Infrastructure, Real Estate and Education sectors, today announces that...

BMO Global Asset Management appoints Stewart Bennett to lead new Global Alternatives offering

BMO Global Asset Management has appointed Stewart Bennett to the newly created role of Global Head of Alternatives. Stewart will oversee BMO Global Asset Management’s newly formed Global Alternatives offering, incorporating its existing private equity, real estate and real estate securities businesses, which will provide investors with a broader...

City of London Group recruits strong I.T. and Change Management candidate Louise McCarthy to forthcoming SME venture, Recognise

City of London Group (CIN.L) continues to strengthen the Board of Recognise with the appointment of Louise McCarthy as an Independent Non-Executive Director (INED).  She joins fellow INEDS Richard Gabbertas and Simon Wainwright. Recognise, a subsidiary of the City of London Group, will offer financial services to the UK SME sector and the...

Corporate carve-outs increasing in prominence across Europe, driven by pressure from activist investors

Corporate divestment activity of European assets is projected to increase for the fourth year running, according the findings of AURELIUS Equity Opportunities’ (“AURELIUS”) annual corporate carve-out survey, with shareholder activism expected to contribute to the rise in activity.  The survey, which canvassed the opinions of AURELIUS’...

Finance

Ethik und Unternehmenskultur: gemeinsame Konferenz von EIB und Weltbankgruppe

Am 6. Juni veranstalteten die Europäische Investitionsbank und die Weltbank gemeinsam am Sitz der EIB in Luxemburg die „Ethics and Corporate Culture Conference 2019“. EIB-Präsident Werner Hoyer, der luxemburgische Finanzminister Pierre Gramegna und Shaolin Yang, Managing Director der Weltbankgruppe, eröffneten die Konferenz mit 150 Fachleuten...

Why an anti-poverty programme in Bangladesh failed

A YEAR AND a half ago The Economist wrote about a promising approach to cutting poverty in Bangladesh (“On their bikes”, January 27th 2018). RDRS, a charity, was offering small loans to more than 100,000 poor farmers on the condition that they migrated temporarily to a city for work. Everything seemed to be set fair. Smaller randomised controlled...

A former official casts doubt on India’s GDP figures

ALMOST TWO years ago Arvind Subramanian, then India’s chief economic adviser, published a little-noticed passage in the finance ministry’s annual economic survey. The previous two years posed a “puzzle”, he wrote. India had reported miracle growth in GDP (averaging 7.5%) despite miserable growth in investment, exports and credit. He looked for...

Robert Merton and the effect of time on portfolio choice

FINANCE THEORISTS are, as everybody knows, unworldly people who can scarcely tie their shoelaces, still less change a car tyre. Robert Merton confounds this stereotype. As he talks amiably at the London office of Dimensional Fund Advisors (he is the firm’s “resident scientist”), you sense that here is a man who could fix a flat in no time. He...

The ECB presidency is distinct but not immune from backroom deals

“THE LONGEST lunch in history” is how Jonathan Powell, an adviser to Tony Blair, a former British prime minister, has described the appointment of the first head of the European Central Bank (ECB) in 1998. The French, keen to have their man in the job, had convinced the Germans that Wim Duisenberg, a Dutchman, should serve only half of his eight-year...

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

Alantra Private Debt invests €20 million in logistics company Ontime

A seven-year bullet loan will support the organic and inorganic growth of Ontime, which plans to acquire two companiesWith more than 1,200 employees and annual sales over €60m, Ontime is one of the leading integral logistics operators in SpainThis is the second investment from Alantra´s Debt Fund II, which has raised around €170m and expects...

Bowmark sells CARE Fertility to Silverfleet Capital

Bowmark Capital, the mid-market private equity firm, has agreed to sell CARE Fertility (“CARE”), the UK’s leading fertility clinic group for IVF treatment, to Silverfleet Capital. Established in 1997, CARE operates nine full-service fertility clinics supported by a network of 13 satellite facilities, providing extensive coverage across the UK...

Silverfleet Capital invests in leading UK fertility group CARE Fertility

Silverfleet Capital, the pan-European private equity firm, has entered into a binding contract to acquire a majority stake in CARE Fertility Holdings Limited (“CARE” or the “Company”). Headquartered in Nottingham, England, the Company is the UK’s leading fertility services provider with market-leading success rates underpinned by a strong...

Acquisition of INEOS Melamines & Paraform sees Silverfleet Capital’s portfolio company Prefere Resins take a key step to becoming a leading global resin producer

Silverfleet Capital and Prefere Resins are pleased to announce that Fund II portfolio company, Prefere Resins Holding GmbH has agreed to acquire INEOS Melamines & Paraform Business, which is currently a part of the INEOS Enterprises portfolio. Headquartered in Erkner, near Berlin, Germany, Prefere Resins is a European market leader in the development,...

NPM Capital acquires 35% stake in Ohpen

First and long-time investor Amerborgh sells a part of its stake in Ohpen to NPM Capital, that upon the transaction, will have a 35% stake in Ohpen. Amerborgh wanted to sell this stake to finance ongoing and future projects, like the arts and culture centre "het HEM" in Zaandam. Ohpen is a fast-growing Fintech company. The Ohpen SaaS, cloud...

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...