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Investment Management & Fund Operators

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IDI and RAISE Investissement to help restructure Groupe Mériguet

Thursday, 20 Jul 2017 02:24am EDT

July 20 (Reuters) - IDI SCA :ANNOUNCED ON WEDNESDAY THE EXCLUSIVE ENTRY WITH RAISE INVESTISSEMENT IN THE CAPITAL OF GROUPE MERIGUET TO REORGANIZE THE COMPANY TOGETHER WITH MANAGEMENT.TIKEHAU CAPITAL AND BPIFRANCE ALSO TAKE PART IN THIS TRANSACTION.

First Property establishes GBP 180 mln fund to invest in UK office property

Monday, 17 Jul 2017 02:23am EDT

July 17 (Reuters) - First Property Group Plc :First property establishes new GBP 180 million fund to invest in UK office property.Fund has a term of seven years and is mandated to invest in office blocks and business parks across England.Fund closed its first round of funding on 14 July 2017 with equity commitments of GBP 182 million,.Second closing with additional equity commitments is expected later this year.Has now raised some GBP 250 million of equity commitments from third parties since referendum on 23 June 2016.Total assets under management, including group properties, are therefore expected to grow from GBP 477 million to in excess of GBP 750 million.

KKR & Co announces combination of Cardenas Markets and Mi Pueblo

Thursday, 6 Jul 2017 04:30pm EDT

July 6 (Reuters) - Kkr & Co Lp :Announced combination of Cardenas Markets and Mi Pueblo.KKR & Co Lp - ‍each grocery chain will continue to operate separately, but will be managed under one executive team led by ceo john gomez​.KKR & Co LP - ‍company has planned a number of new store openings over next few years​.KKR & Co LP - ‍kkr's investment in cardenas markets and mi pueblo is primarily from its eleventh americas private equity investment fund​.KKR & Co - cardenas markets and mi pueblo are two hispanic grocery chains in which kkr made significant investments last year.Says 46 stores in california and nevada to operate under their respective banners.

Aurelius executive board raises earnings forecast for 2017

Thursday, 6 Jul 2017 04:29pm EDT

July 6 (Reuters) - Aurelius Equity Opportunities Se & Co Kgaa :Executive board of Aurelius raises earnings forecast for the current business year 2017.Transaction will presumably have a positive effect on Aurelius' 2017 EBITDA for combined group of approx. EUR 160 million.Board expects to end business year 2017 with EBITDA for the combined group of more than EUR 650 million.

Liontrust Asset Management says AUM of 9.3 bln STG as of June 30

Thursday, 6 Jul 2017 02:00am EDT

July 6 (Reuters) - Liontrust Asset Management Plc ::Assets under management ("AUM") as at close of business on June 30 2017 were 9.3 billion stg.UK retail net inflows of 177 million stg, second highest quarterly UK retail net inflow for over seven years.Total net inflows of 22 million stg in period (April 1 to June 30 2016: UK retail net inflows: 36 million stg, total net inflows: 66 million stg)."Welcome FCA asset management market study given that low savings ratio is a problem for country".

Reliance Capital arm makes seed investment in Billionloans

Monday, 3 Jul 2017 04:56am EDT

July 3 (Reuters) - Reliance Capital Ltd :Says Reliance Capital arm makes seed investment in alternative digital lending start-up – Billionloans.Says Billionloans to facilitate loans of around INR 20 billion across multiple products and lenders in next three years.Billionloans plans to initially focus on providing educational loans, housing loans ,personal loans to individuals and business loans to SMEs.Says Billionloans financial services closed seed funding round of about INR 70 million from Reliance Corporate Advisory Services Limited.

Fifth Street Asset Management says engaged in strategic discussions

Friday, 30 Jun 2017 09:10am EDT

June 30 (Reuters) - Fifth Street Asset Management Inc ::Fifth Street Asset Management, Inc. Is engaged in strategic discussions.Fifth Street Asset Management - no definitive agreement has been reached, there can be no assurance that any transaction will result from discussions.Fifth Street Asset Management Inc - ‍is in discussions regarding a potential sale transaction regarding its bdc investment advisory business​.Fifth Street Asset Management - ‍BDC Investment advisory business includes management of Fifth Street Finance and Fifth Street senior floating rate.

Fisterra Energy achieves financial closing of Tierra Mojada power plant

Friday, 23 Jun 2017 01:46pm EDT

June 23 (Reuters) - Fisterra Energy::Blackstone Energy Partners and Fisterra Energy achieved financial closing of Tierra Mojada power plant in Guadalajara, Mexico.‍Tierra Mojada financed with about $600 million of construction facilities and letters of credit provided by six banks​‍​.Tierra Mojada is a greenfield CCGT power plant that will sell exclusively into new wholesale electricity market in Mexico.Project is expected to finalize construction by December 31, 2019.

Meridie to delist after incorporation into own unit

Friday, 23 Jun 2017 03:32am EDT

June 23 (Reuters) - MERIDIE SPA ::SAID ON THURSDAY THAT BOARD HAD APPROVED THE INCORPORATION OF MERIDIE IN ITS UNIT MERIDIE ADVISORY SRL.MERIDIE ADVISORY SRL TO BECOME A JOINT-STOCK COMPANY.EXCHANGE RATIO TO BE 1:1.INCORPORATION ENTAILS A CAPITAL INCREASE FOR MERIDIE ADVISORY OF 31.1 MLN EUROS.INCORPORATION TO LEAD TO THE DELISTING OF MERIDIE SHARES.PRICE PER SHARE FOR THE WITHDRAWAL RIGHT IS SET AT EUR 0.0967.

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