Innova Capital has recently acquired a majority stake in Tutore group, Poland’s largest private education platform operating under the eTutor, ProfiLingua, and Tutore brands. The deal also included the acquisition of two companies – International Language Institute (ILI) and ESL Brains. The Polish independent private equity adviser’ investments were made under the recently closed Innova/7 fund. Tutore is currently the leader in
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European leader in asset servicing CACEIS has been selected by Bologna-based Fondazione Golinelli,Fondazione di Sardegna and Antonio Falcone as custodian and fund administrator for the Utopia project: the first Simple Investment Company (SIS) to commence activity in Italy. SIS is the new investment structure to support the development of Italian start-ups and SMEs. In particular, the Simple Investment Company aims to directly support small
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Fitch Ratings has assigned the OPEC Fund for International Development (OPEC Fund) an inaugural credit rating of AA+, with stable outlook and a Short-Term IDR of ‘F1+’, as the Vienna-based institution prepares to launch itself into the international capital markets. To date, OPEC Fund’s sole funding source has been capital replenishment contributions from member states (MS). However, …..OPEC Fund is taking steps
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Independent European private equity firm Novalpina Capital acquired MaxBet, the most important player in the Romanian gambling industry. According to local media reports citing sources, the transaction would amount to more than 250 million euro. Following the acquisition, MaxBet Romania will benefit from the expertise and experience of Novalpina Capital, which has a strong presence in multiple fields of activity, such as
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BR Partners, a leading independent investment bank in Brazil, on Tuesday (June 18) relaunched its initial public offering (IPO), after two frustrated attempts since September last year. The Sao Paulo-based bank is planning to raise as much as BRL562 million ($111 million), according to a securities filing on Tuesday (June 15) and registered the share sale as a “restricted offering” for institutional
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Earlybird Venture Capital’s Health portfolio Swiss biopharma company Oculis focused on developing transformative ophthalmic treatments, announced that it has closed an oversubscribed US$57 million Series C financing. The round was co-led by new investors BVCF Management and Hyfinity Investments, with VI Partners and Wille AG joining the company’s existing investors, Bay City Capital, Brunnur, Earlybird, Funds managed by Tekla Capital Management, Pivotal
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Hedge fund industry assets jumped to $4.07 in trillion as of the end of March, a new record high, thanks to a boom in trading profits, according to data from Iowa-based BarclayHedge. Assets under management (AUM) first topped the $4 trillion mark in February when they stood at $4.03 trillion. That growth has come as investors pile in, encouraged by a rebounding
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