Two major M&A deals have closed: CSC and Intertrust have announced that shares representing 94.66pct of Intertrust’s outstanding capital have been tendered under the offer and that all other offer conditions have been satisfied. As a result, CSC has declared the offer unconditional. Settlement of the offer will take place on 4 November 2022. Waystone…
Category: Offshore
Maples hires head of BD for European fund services
Maples Group, the Cayman-based professional services provider, has appointed Kieran Fox as director, business development for its fund services business in Europe. Most recently, Fox served as the director of business development for Irish Funds, the representative body for the international fund and asset management community in Ireland. He will be based in Dublin.
LB-P AM appoints EFA
European Fund Administration has been appointed by LB-P Asset Management to provide administration and accounting services for its Euro Immo Scope and Exibail funds. Euro Immo Scope is a UCITS that invests in shares of companies operating in the real estate sector. Exibail is an OPPCI whose investment strategy aims to build up a portfolio…
Aztec supports EUR9bn fund launch
Aztec Group, the C.I.-based administrator, has supported the launch of the EUR9bn (USD8.8bn) Nordic Capital Fund XI. Aztec has also been appointed to provide ongoing administration, financial reporting, depositary and investor services to the fund from its Jersey and Luxembourg offices, extending its relationship with Nordic Capital which dates back to 2013. Fund XI marks…
U.S. Bank promotes two GFS managers
Following Linda Gorman’s recent departure, U.S. Bank has confirmed Didier Delvaux as head of its global fund services business in Europe. Delvaux is currently head of the Luxembourg operation. Ken Somerville is confirmed as head of global fund services in Ireland.
IQ-EQ supports new RE fund
IQ-EQ has supported Premico, a Finland-based real estate fund manager, with the first closing of its newest residential fund, Premico Residential Fund III, raising EUR45m (USD44m) in equity commitments. IQ-EQ Luxembourg is providing fund administration, depositary and AIFM services, as well as corporate services and directorship for the GP and MasterCo.
IQ-EQ wins new mandate
IQ-EQ has been appointed to provide fund administration services to NBD Ventures T&T Opportunity Fund, a new fund accelerating payment liquidity for the travel and transport industries.
Link broadens relationship with EFA
European Fund Administration, which is due to be acquired by Universal Investment, has been appointed by Link Fund Solutions (Luxembourg) S.A. to provide middle office services covering trade management services for transferable securities and for financial derivative instruments. This new mandate broadens the longstanding relationship between EFA and Link Fund Solutions (Luxembourg) S.A., a third-party…
Suntera supports IoM DLT start-up
Suntera Global, the Isle of Man-based administrator, is providing a suite of services through its digital division to support the establishment of a blockchain-based tech start-up in the Isle of Man which aims to revolutionise the digital funding and investment space. Suntera’s specialist fintech and crypto asset services division has provided a range of structuring…
LemonEdge wins new mandate
LemonEdge, the private markets platform provider, has signed Fairway as a new client. Fairway is a C.I.-headquartered funds, trust and pensions services provider, established in 2000.