Category Archives: News

PDM helps Francisco Partners buy IT firm from Denmark’s Axcel

By Andrei Skvarsky. Funds managed by London-based debt investor Permira Debt Managers (PDM) are acting as senior secured lender in the purchase of EG, a leading Scandinavian software company, by global private equity company Francisco Partners from Danish private equity firm Axcel. EG’s buyout value has been set at 3.7bn Danish kroner ($556m). The deal… Continue Reading

First ETF listed on Astana Intl Exchange comes from ITI Funds

By Andrei Skvarsky. The Astana International Exchange (AIX) recently listed the first exchange-traded fund (ETF) to be traded on the bourse. Units of ITI EFT, which is a Russia-focused USD Eurobond ETF and is an instrument of Guernsey-based investment manager ITI Funds, are due to start being traded this month, according to a statement from… Continue Reading

Permira Debt Managers funds acting as senior lender to French manufacturer

By Andrei Skvarsky.  Funds advised by London-based debt investor Permira Debt Managers (PDM) are currently acting as the sole senior secured lender to Sotralu, a French manufacturer of accessories for sliding doors and windows, to enable the company to refinance its existing debt and finance future acquisitions. Sotralu, whose business geography covers France, Italy and… Continue Reading

Digital banking forum likely to help Africa-eyeing investors

Changes brought about by digitisation have ushered in a new era of competition in banking, and attending the Digital Banking Summit (DBS) in Accra on August 19-20 may help banks and fintechs to stay competitive in doing business in Africa, a continent that is an increasingly popular destination for investors. You would be told about… Continue Reading

Private Equity Summit in Texas to bring together key US financial firms

Senior executives from some of the United States’ largest financial services companies, insurance firms and banks are going to attend Private Equity Summit 2019, an investment conference in Irving, Texas, on September 9-11 organised by the marcus evans company. The conference will be an invitation-only, closed-door event. There will be a limit on the number… Continue Reading

UPDATE – Vienna forum to address collateral management challenges resulting from new rules

Bankers, European Union officials and other financial services figures are going to meet at a conference in Vienna this September to look into challenges in collateral management that new regulations are giving rise to. The International Collateral Management Forum on September 26-27 will have an extensive agenda that includes automation in collateral management and EU… Continue Reading

Sberbank buys into firm digitising Islamic alms collection

By Andrei Skvarsky. Sberbank, Russia’s biggest lender, has acquired a 25 per cent stake in PayZakat, a Moscow-based company that has developed and operates a digital system for the collection and distribution of zakat, alms that are obligatory in Islam and are normally collected in cash worldwide. Continue Reading

Russian startup develops anti-fraud app for insurers

By Andrei Skvarsky. A Russian startup has developed a mobile application that it says enables insurers to protect themselves from fraudulent claims via a pre-insurance inspection of a property item involving multiple photographs that are dated and timed and record the item’s location. Continue Reading