Europe

Headlines

Cyber threat to professionals at all time high

Professional firms, particularly those handling money for mortgage lenders, are increasingly at risk of high-level cyber-attacks, according to leading experts in the field of law, finance and mortgage lending. Speaking at the Mortgage Tech UK conference yesterday morning (27th June) Georgina Squire, Partner at solicitors Rosling King, warned professionals...

Drooms continues to expand into new markets

European market leader for virtual data rooms continues to grow its business abroadCorporate finance and M&A team subject to international expansion Drooms, the leading provider of Virtual Data Rooms in Europe, is steam rolling ahead with its plans to continue expanding. Chris Beckmann (54) and Martin Alamri (42) joined the company in spring this year,...

British brand values take Brexit beating

Britain’s most valuable brands decline by an average of 6%Devaluation of the pound in the wake of Brexit is the primary causeSudden loss of value exposes iconic brands to foreign takeoversShell, Britain’s most valuable brand, has weathered the trend and is up 16%Lynx is Britain’s fastest growing brand after ditching ‘The Lynx Effect’ branding Every...

Hugh Dorins to lead SIA Group Property Services Division

SIA Group is uniquely placed to offer Asset Based Lenders, Financial Sponsors and Restructuring Practitioners a fully independent, in-house, multi-asset, turn key solution.    Leading independent asset valuation, advisory and disposal business, SIA Group, has appointed Hugh Dorins to lead its new Property Services Division, which will...

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...

Finance

ECB appoints Hans-Joachim Klöckers and Massimo Rostagno as Directors General

PRESS RELEASE26 July 2017Hans-Joachim Klöckers becomes Director General Economic DevelopmentsMassimo Rostagno becomes Director General Monetary PolicyAppointments effective as of 1 August 2017The Executive Board of the European Central Bank (ECB) has appointed Hans-Joachim Klöckers as Director General Economic Developments and Massimo Rostagno as...

Sabine Lautenschläger: Sabine Lautenschläger: 100 years of women’s suffrage – gender equality, freedom and democracy

Speech by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at an event marking the run-up to the centenary of women’s suffrage in Berlin, 26 July 2017“What we don’t want and what we’re not aiming for, never, not even centuries from now, is political emancipation and equality...

ECB seeks to increase transparency of euro area pension fund sector

PRESS RELEASE26 July 2017ECB publishes, for public consultation, the draft regulation on statistical reporting requirements for pension funds The draft regulation is aimed at increasing transparency in this fast-growing sector of the financial services industryThe period of consultation runs from today until 29 September 2017The European Central Bank...

Pictet AM names head of Total Return Equities

Pictet Asset Management, the asset management arm of Swiss financial group Pictet, has appointed Doc Horn (pictured) as head of Total Return Equities. Horn joined the company at the start of July. Based in London, he… ...Read More

French asset manager unveils flexible FoF

Strasbourg-based investment firm La Financière Galilée has launched a flexible fund of funds, Galilée Fund Picking Strategy on 10 July 2017. The fund will fully rely on external fund selection operated by Roni Michaly, head… ...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

ResponseSource acquires JournoRequests

Media request startup JournoRequests has joined the ResponseSource family of services for PR professionals following its acquisition by the company.JournoRequests will complement ResponseSource's market-leading Journalist Enquiry Service which is forecast to distribute over 31,000 requests from UK journalists this year.ResponseSource...

​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...

Acq Lite

Police stop 'suspicious' car with no doors and an ax in the roof

July 26 (UPI) -- A New York state sheriff's office said deputies pulled over a "suspicious vehicle" with no doors, no windshield, no license plates and an ax embedded in the roof.The Wyoming County Sheriff's Office said deputies responded Monday afternoon to a report of a "suspicious vehicle" and they located the car at a nearby intersection.Deputies...

Ball python found slithering in Canadian man's front yard

July 26 (UPI) -- A Canada man arrived home to find a nearly 4-foot-long ball python slithering in his front yard.Ren Bouchard said he spotted the snake in the grass when pulling into the driveway of his Brandon, Manitoba home with his fiancée on Sunday."I thought at first it was a garden snake," he told CBC News. "So I told my fiancée to stop the...

Wildlife center offering 'Sloth Sleepover' experiences

July 26 (UPI) -- An Oregon wildlife center is giving animal lovers the chance for a unique animal encounter: A sleepover with the sloths.The Zoological Wildlife Conservation Center and the Sloth Captive Husbandry Center in Rainier is offering "Sloth Sleepover" encounters for people who want to spend a night camping out with the sloths."Guests will observe...

Kentucky newspaper's correction: Hot dogs are not sandwiches

July 26 (UPI) -- A Kentucky newspaper waded into one of the Internet's hottest debates with a correction to stories dating back to 1887 that referred to hot dogs as "sandwiches."The Louisville Courier-Journal issued a correction July 19 to 10 articles ranging from 1887 to 1966 as a means of showing support for the argument that hot dogs are not sandwiches.The...

Indiana couple one stop away from visiting every Cracker Barrel location

July 26 (UPI) -- A couple from Indiana is one stop away from visiting every Cracker Barrel Old Country Store location.Ray and Wilma Yoder have visited all but one of Cracker Barrel's 645 locations throughout their 60 years of marriage and plan to visit the final remaining location in Portland, Oregon later this year."I've not had a bad experience anytime,"...