Europe

Headlines

Drooms DEALFLOW enables investors to manage multiple deals in one private centralised database

Online tool launched in the UK for the first timeAccessible from mobile, portable and desktop devices Workflow tools enable effective and secure collaboration between different parties Drooms, a leading provider of virtual data rooms in Europe, today launches Drooms DEALFLOW in the UK. Drooms DEALFLOW offers a private, cloud-based and simple to...

LeapFrog Companies Reach 100 Million People

Ten years on since founding, LeapFrog’s portfolio of companies reach 111 million people across Africa and Asia93.8 million are emerging consumers earning less than $10 PPP per day Companies achieved 43% annual revenue increase per year from time of investment. Companies grew their emerging consumer base by 67% per year Companies deliver 184 financial...

ProVision launches Fleet Risk Assessment Tool to help Fleet Operators understand the potential risks associated with running commercial fleets

Free online tool rates a fleet’s level of compliance, safety and reporting riskUsers receive a downloadable report based on their results, with practical insight on how to improveProVision has merged four key technologies to deliver intelligent driver and fleet safety systems Fleet operators have arguably more challenges in terms of legislative ...

Innovative Energies and Technologies for the European market

Energy is the means of existence in a modern, industrialised society. Existing technologies need to be made more efficient and new technologies must be developed to guarantee the energy supply of the growing population with only using renewable energies in the future and stop using fossil and nuclear resources. There is a special need for development...

Fanfunding – a sporting revolution in the making

A few years ago, I was sitting at my desk late at night, frustrated by the latest sports financing project which I was working on at a large investment bank. Despite the iconic brand, large international fanbase and its many trophies, it was extremely difficult to find investors for this top-20 global football club. Time and again, potential investors...

Finance

BNP Paribas hires new head of research for Spain

Paris-headquartered BNP Paribas Real Estate has appointed David Alonso as head of research for its Spanish division. In this newly-created position, Alonso (pictured) will mainly deepen the firm’s research on macroeconomic and market considerations while… ...Read More

Robeco publishes expected returns 2018-2022: ‘Coming of age’

Robeco has published its annual Expected Returns report 2018-2022, a look at what investors can expect over the next five years. Robeco’s Investment Solutions department foresees lower returns on risky assets because of high valuation,… ...Read More

Comgest fuels Asian research team

Paris-headquartered asset manager Comgest has appointed Jimmy Chen (pictured) as Asian equities analyst, focusing on the Chinese stock market. Within the firm’s 12-strong Asia Pacific ex Japan investment team, Chen will be responsible for research… ...Read More

Joint press release FSMA, ESMA, ECB and EC: New working group on a risk-free reference rate for the euro area

PRESS RELEASE21 September 2017Today, the FSMA, ESMA, the European Central Bank and the European Commission announce the launch of a new working group tasked with the identification and adoption of a "risk-free overnight rate" which can serve as a basis for an alternative to current benchmarks used in a variety of financial instruments and contracts...

ECB to publish new unsecured overnight interest rate

PRESS RELEASE21 September 2017Overnight benchmark interest rates important for financial markets and monetary policy implementationECB overnight rate will complement existing benchmark rates produced by the private sector and serve as a backstop to private sector benchmark ratesPreparations for rate to be finalised before 2020, including industry consultationThe...

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

AXA Investment Managers - Real Assets closes CRE Senior 10 with c. €1.5 billion, taking total debt platform to over €14 billion of commitments

€400 million of funds already invested, c.25% of which in US mortgage loans and bonds AXA Investment Managers - Real Assets (“AXA IM - Real Assets”), a global leader in real asset investments and the leading(1) real estate portfolio and asset manager in Europe, announces that it has successfully closed its tenth commercial real estate senior...

Duff & Phelps snnounces sale of Thermoplastics Engineering business, Petlon Polymers to Visionscape Group

Duff & Phelps has completed the sale of the business and assets of Petlon Polymers Limited to UAE based, Vision Petlon Polymers Limited, a subsidiary of Visionscape Group. Petlon Polymers is a compounder and polymer recovery company specializing in engineering thermoplastics and had experienced working capital difficulties in the lead up to Administration...

Gattai, Minoli, Agostinelli & Partners and BonelliErede in I.M.C. – Industria Metallurgica Carmagnolese’s 75% acquisition by Mittel

Gattai, Minoli, Agostinelli & Partners advised the investment firm Mittel S.p.A. on the binding agreement for the acquisition of a 75% controlling stake in I.M.C. - Industria Metallurgica Carmagnolese S.r.l., an Italian auto parts manufacturer Established in 1962 in Carmignola (Turin), I.M.C is a tier 1 supplier of Europe’s largest automotive...

Nordic Capital has sold its remaining shares in Tokmanni, the largest general discount retail chain in Finland

Nordic Capital Fund VII ("Nordic Capital") has sold all of its remaining shares in Tokmanni Group Corporation ("Tokmanni"). Under Nordic Capital’s ownership, Tokmanni has grown substantially, reinforcing its leadership position in the attractive Finnish general discount retail market. The remaining shareholding of 15.21 percent was sold...

Silverfleet invests in specialist German industrial pump manufacturer, Pumpenfabrik Wangen

Wangen’s client base includes the Royal Navy, Schwarzkopf, Ritter Sport and the Wirtgen Group Silverfleet Capital, the Pan-European private equity firm that specialises in buy-to-build, has entered into a binding contract to acquire Pumpenfabrik Wangen GmbH (“Wangen” or the “Company”), a leading designer and manufacturer of high quality...

Acq Lite

British cyclist bikes around the world in record 78 days

Sept. 20 (UPI) -- A British cyclist set a new world record by biking around the world in less than 80 days.Ultra-endurance cyclist Mark Beaumont rode his bicycle 18,000 miles, across 16 different countries in 78 days, 14 hours and 40 minutes to set the Guinness World Record for fastest circumnavigation by bicycle (male)."This has been, without doubt,...

Amazon error alerts customers of nonexistent baby registry gift

Sept. 20 (UPI) -- Many Amazon customers were met with an unexpected email about a baby registry they never set up after a system error.Amazon inadvertently sent out emails informing customers "a gift is on the way" from a baby registry including a link to view their thank you list.Many recipients noted the email, which featured a generic stock photo...

Man bought $100,000 lotto ticket seeking change for $100 bill

Sept. 20 (UPI) -- A Missouri man got more than he bargained for when he bought a winning lottery ticket while attempting to break a $100 bill.Brandon Eaton from Grant City bought the $20 scratch-off ticket to win $100,000 while seeking change for the large bill at a Country Corner convenience store on Sept. 10."I had a $100 bill that I needed to break...

'Dadbag' fanny pack offers artificial 'dad bod'

Sept. 20 (UPI) -- A London-based artist is seeking help launching a line of fanny packs featuring images of pudgy, hairy bellies.The "Dadbag" promises the wearer convenient travel storage as well as an instant "dad bod" in six different styles.The silly fashion accessory is not yet available for sale, as creator Albert Pukies is still looking for production...

Police turn tables on commenter who pointed out officer's poor parking

Sept. 20 (UPI) -- A police department in Scotland went viral for their response to a commenter who pointed out an officer's poor parking job.Facebook user Callum Smith shared a photo of a police vehicle parked on a curb to Dumfries Galloway Police Division's profile."Some parking at Tescos Dumfries tonight," he wrote.The police department responded...