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Private equity firm takes 40% stake in Panmure

Wednesday, April 15, 2009 : Permalink

ShareCast – Private equity group BlueGem is to take a 40% stake in stockbroker Panmure Gordon in a move that will inject £17.3m of capital into the broker.Panmure Gordon has placed 72m new shares with BlueGem at 24p per share.

The acquisition of the stake represents BlueGem’s fourth investment and its first in the financial services sector. The company was formed in late 2006 by experienced investment bankers and fund managers to make investments in mid-market companies, predominantly in the UK and Italy.

The net proceeds from the placing will ‘significantly strengthen the company’s balance sheet’, the company said, giving it regulatory assets in excess of £40m, more than three times more than its required regulatory capital.

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Tags: 3m, acquisition, balance sheet, financial services sector, fund-managers, investment bankers, investments, italy, mid market companies, net-proceeds, private equity group, regulatory assets, regulatory capital, stake, stockbroker, three-times

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Independent Fund Administration Service Expanded to the U.S.

Monday, March 16, 2009 : Permalink

New York – Trident Trust is expanding its fund administration service to the U.S. to cater to domestic hedge and private equity funds.

The new U.S. office offers clients access to Trident Trust’s three decades of experience providing independent corporate, trust and fund services to the financial services sector worldwide. Trident Trust currently provides services to more than 320 offshore funds with combined assets under management of more than $25 billion.

The new office is headed by Brian Visel, whose auditing and fund administration experience includes working for a leading international accounting firm and heading a global funds administration team servicing clients from start-up to large, diversified hedge funds.

Employing Geneva® and Advent Partner® as its core fund accounting platform Trident Fund Services, Inc offers U.S. funds a comprehensive, independent, administration service which includes complete fund accounting, net asset valuation, investor reporting and anti-money laundering compliance.

With the increased regulatory and investor demand for independently administered funds, Trident Trust’s new office is well-placed to provide both existing and new domestic funds an effective administration solution to their needs based on Trident Trust’s unique pricing model.

For more information contact:

Eileen Casey
Trident Trust Fund Services
NYC Representative Office
545 Fifth Avenue, Suite 402
New York, NY 10017
Tel +1-212-840-8280
Fax +1-212-944-5923
ecasey@tridenttrust.com

Tags: administration experience, administration service, administration solution, asset valuation, assets-under-management, corporate trust, financial services sector, fund accounting, fund administration, funds administration, global-funds, independent administration, international accounting firm, investor-demand, private-equity-funds, three decades, trident trust, visel

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Private equity firm takes 40% stake in Panmure

Independent Fund Administration Service Expanded to the U.S.

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