We are pleased to announce that Axcel and Danish pension funds PFA and PKA have sold Danmarks Skibskredit (Danish Ship Finance) to Magellan Capital Holdings Ltd. Danish Ship Finance will be a flagship investment for Magellan whose investment portfolio is characterised by a long-term and diversified investment strategy. Thank you to PFA and PKA for a strong partnership for the past seven years. Axcel, PFA and PKA invested in Danish Ship Finance in 2016, and during the ownership period, the company has continued its internationalisation and solidified its position as the premier specialised ship mortgage finance provider. As Axcel will be staying on as co-investor with a 5% stake, we are looking forward to ensuring a smooth transition while also working closely with Magellan to continue growing the business. With the sale of Danish Ship Finance to a new majority owner, the last company has been divested from Axcel IV, which has produced strong exits, including the sales of Conscia, EG and Frontmatec. Find the full press release here: https://lnkd.in/dAZhxZmy #axcel, #privateequity
Axcel’s Post
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The Swedish insurance broker and finance company, Max Matthiessen, is establishing a foothold in the Danish market by acquiring two companies – StockRate Asset Management A/S and pension advisor PensionsSelskabet pension & health care services. The acquisitions were announced on Wednesday in a press release. In a comment, Max Matthiessen CEO Jacob Schlawitz said that the company's ambition was to ”establish a presence in Denmark for future growth, both organically and through acquisitions.” By acquiring StockRate Asset Management, Max Matthiessen is gaining “more market shares within the wealth management segment,” the press release reads. It describes the acquisition as a “good match” for the company’s ambition of further international expansion. The acquisition of PensionsSelskabet will enable Max Matthiessen to establish itself in the life & pension segment in the Danish market. #assetmanagement #wealthmanagement #financialmarkets #financialindustry #insurance #investments #pension #bankingindustry
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#AIM #STM Yet another listed small-cap is set to exit AIM. STM Corporate Group PLC (AIM:STM), which was set up to consolidate corporate and trustee, has agreed to be taken private for up to £39.8 million, or 67p a share by a bid vehicle backed by the Pension SuperFund, which manages defined benefit schemes. The initial offer is 30p – more than double the weighted average price over the last three months – with a 7p deferred element of the all-cash offer. More at #Proactive #ProactiveInvestors #STMGroup http://ow.ly/NfGx104XjoK
STM Group set to join the stampede off AIM as £39.8m bid is tabled
proactiveinvestors.co.uk
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Chesnara Plc (LSE:CSN) increased its interim dividend for the 19th year in a row, with a 3% hike as it enjoyed positive commercial cash generation and looked forward to the benefits of a new strategic partnership. The UK, Netherlands and Sweden life and #pensions company posted half-year results showing a solvency position of 205%, up from 197% over the period and well above its 140-160% normal operating range. An IFRS profit before tax of £16.0 million was reported, flipping from the £54.2 million loss a year ago, and two acquisitions in the period added £55.7 million of contractual service margin. Cash generation from operations, excluding the effects of currency swings and acquisitions, of £20 million led to cash balances increasing to £127.5 million by the end of June, up from December’s £108.1 million. More at #Proactive #ProactiveInvestors #LSE #CSN #Chesnara #ChesnaraPLC http://ow.ly/tuJF104V3qH
Chesnara ups interim dividend for 19th year, has cash for more acquisitions
proactiveinvestors.co.uk
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Very pleased and proud to share that Verdane Edda III has closed significantly past target at €1.1 billion, doubling the size of its predecessor fund. This is our second successful fund close in six months following the announcement of Verdane Freya XI in Sept 2023, bringing our total funds closed in the last 6 months to €2.2 billion. The fund received strong backing from new and existing investors, and we would like to thank our investors and all our other partners for their continued support. Bjarne Kveim Lie, Co-Founder and Managing Partner of Verdane, said: “There has never been a better time to partner with ambitious companies that seek to digitise and decarbonise the European economy. We’re immensely proud to be pioneers in our field and of our 20-year track record. The close of the Edda III fund cements our position as a European mid-market growth leader. Verdane investors value our relentless focus on long term structural growth trends, our north star of being the preferred partner and our combination of deep local networks and world-class thematic knowledge. We are humbled by the continued trust placed in us by our investors and will do our utmost to deliver against their high expectations.” Frida Einarson, Partner and Head of Investor Relations at Verdane, said: “Verdane’s ability to close two funds past target in six months, raising over €2.2 billion, is testament to our longstanding dialogues and relationships with our LPs. We are grateful for the strong backing from our LP base. The Verdane platform, our thematic focus and proven value creation recipe have enabled us to consistently deliver strong financial returns to our investors, and we will endeavour to continue doing so.” Read more: https://lnkd.in/eyKCcDGD #privateequity #growth #growthequity #verdane
We are delighted to share that Verdane Edda III has closed significantly past target at €1.1 billion, doubling the size of its predecessor fund. This is our second successful fund close in six months following the announcement of Verdane Freya XI in Sept 2023, bringing our total funds closed in the last 6 months to €2.2 billion. The fund received strong backing from new and existing investors, and we would like to thank our investors and all our other partners for their continued support. Bjarne Kveim Lie, Co-Founder and Managing Partner of Verdane, said: “There has never been a better time to partner with ambitious companies that seek to digitise and decarbonise the European economy. We’re immensely proud to be pioneers in our field and of our 20-year track record. The close of the Edda III fund cements our position as a European mid-market growth leader. Verdane investors value our relentless focus on long term structural growth trends, our north star of being the preferred partner and our combination of deep local networks and world-class thematic knowledge. We are humbled by the continued trust placed in us by our investors and will do our utmost to deliver against their high expectations.” Frida Einarson, Partner and Head of Investor Relations at Verdane, said: “Verdane’s ability to close two funds past target in six months, raising over €2.2 billion, is testament to our longstanding dialogues and relationships with our LPs. We are grateful for the strong backing from our LP base. The Verdane platform, our thematic focus and proven value creation recipe have enabled us to consistently deliver strong financial returns to our investors, and we will endeavour to continue doing so.” Read more: https://lnkd.in/eyKCcDGD Ellinor Fridén Schrewelius Henrik Aspen Judith Kottutz Benichou Hanna Skärblom William Nordvall Tron Ilaug Staffan Mörndal Emanuel Johnsson Caroline Jacobs Jenny af Petersens Nils Vold Daniel Ahlstrand Pål Malmros
Verdane closes Edda III past target at €1.1 billion
https://verdane.com
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Opening an SDIRA account and self-directing your funds into investments and assets that are suitable to your needs is actually quite simple! This 6-step process outlines what you need to do to get started with uDirect IRA Services. Have questions? Click the link in my bio to book a call or start your account today! www.udirectIRA.com #sdira #selfdirectedira #retirementplan #individualretirementaccount #retirewithrealestate #investmenttips #investmentproperty
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Editor at Property Wheel - Winner of the Property News Website of the Year 2018, 2022 & 2023 SAPOA Journalism of Excellence Awards. *Recognized as 1/12 SA PropTech startups transforming property investment/management.
Attacq Limited has concluded its landmark R2.7bn transaction with the Government Employees Pension Fund which has acquired a 30% shareholding in Attacq Waterfall Investment Company Pty Ltd., the company that holds the Waterfall City development rights: http://rb.gy/5rmmy #realestatenews #reit #shareholders #investorrelations #equity #commercialrealestate #propertyowners #landlords #propertydevelopment #realestateinvestment #propertynews #listedcompanies #business #businessnews
Attacq and GEPF conclude landmark R2.7bn equity transaction
https://propertywheel.co.za
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Director of Investor Relations at Realty Capital 💼 | Providing Opportunities For Everyday People To Invest In Commerical Real Estate! 🏢💰| Let's Elevate Your Investment Portfolio Together! 🚀#WealthBuilding #DFW
🏡💼 Looking to diversify your investment portfolio? Ever heard of a Self-Directed IRA? 🤔 Let's talk about how you can leverage this powerful tool to invest in commercial real estate! 🚀 🔹 What's a Self-Directed IRA (SDIRA)? Unlike traditional IRAs, SDIRAs give YOU control over your investments. You can invest in a wide range of assets, including commercial real estate! 💰🏢 🔹 Why Invest in Commercial Real Estate with an SDIRA? Diversification: Spread your investments across different asset classes. Potential for High Returns: Commercial real estate can offer lucrative income streams and appreciation over time. Tangible Asset: Unlike stocks or bonds, you own a physical piece of property. 🏢💼 🔹 How to Get Started: (1) Open a Self-Directed IRA with a reputable custodian. (2) Transfer funds from your existing retirement account or make contributions. (4) Make your investment and watch your portfolio grow! 📈💼 To learn more about SDIRA's and identify potential commercial and residential opportunities, reach out to me today at [email protected] or text the word "FUNDING" to 601-415-9934.📲💼 #Investing #RealEstate #SDIRA #CommercialRealEstate #TapIn
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I recently spoke to Wealth Professional about the latest innovation trends that can allow individual investors and their advisors to access a high quality, diversified allocation to private assets. As smaller institutional investors and advisors become increasingly interested in diversifying their portfolios beyond public markets, many are turning toward private credit, private equity and real assets in order to more closely emulate a “pension-style” asset mix and lower overall portfolio volatility. However, one of the challenges for smaller investors has always been the high minimum investment requirement needed to access the world's top private asset managers as well fund structures that are typically unfriendly for individuals. Bridgeport simplifies gaining access to private assets through its multi-manager, registered account eligible, open-ended pooled funds that are available on Fundserv. Bridgeport’s funds provide retail investors with a one ticket investment solution to easily add private equity, private credit, and private real estate and infrastructure investments to their portfolios. Read my full interview with Wealth Professional here: https://ow.ly/SacT50PBWCp #investments #wealthmanagement #etfs #privateequity #investing #finance #alternativeassets
Are retail investors ready for the private-market portfolio revolution?
wealthprofessional.ca
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Student at Copenhagen Business School
1moCongratulations!