Barings Backs Add-On Investment by Bowmark-Owned Aston Scott
CHARLOTTE, N.C., July 17, 2017 (GLOBE NEWSWIRE) -- Barings, one of the world's leading asset management firms, announced today that it acted as mandated lead arranger of senior secured credit facilities to support the acquisition of U.K. insurance brokerage Lark Group by Bowmark Capital LLP-backed Aston Scott.
The combination of Aston Scott, a leading provider of commercial insurance products to small and medium-sized enterprises in the U.K. market, and Lark's specialized capabilities will create one of the U.K.'s top 20 independent commercial insurance brokers and employee benefits practices with 600 staff placing more than £250 million in gross premiums from 18 offices across the U.K.
In addition to senior secured unitranche funding, Barings is also providing a committed acquisition facility to help fund the future growth of Aston Scott, which Bowmark initially backed in 2015 as part of a management buyout.
"Bowmark is pleased with the close partnership Barings' global private finance group provided in supporting this important milestone for Aston Scott," said David Torbet, partner at Bowmark. "The team's speed in responding to our requests and flexibility in meeting our needs contributed greatly to the timely completion of the transaction."
"Barings appreciates the opportunity to partner with Bowmark again on Aston Scott's investment in Lark Group, and we look forward to continuing to build our relationship," said Mark Wilton, managing director in Barings' London-based European private finance group. "Aston Scott has built a strong franchise and high customer loyalty by providing value-added advisory services to its clients, and with Lark's capabilities and Bowmark's partnership we believe the company is well positioned for rapid growth in the highly fragmented U.K. insurance brokerage market."
About Bowmark Capital
Bowmark Capital is a leading private equity investment firm, specializing in UK growth companies valued at up to £200 million. We are supportive investors, backing experienced management teams to build world class businesses. Founded in 1997, Bowmark manages and advises funds totalling £850 million on behalf of a blue chip investor base, including public pension funds, insurance companies and financial institutions from the UK, US and Continental Europe. To learn more, visit www.bowmark.com.
About Barings LLC
Barings is a $288 billion* global asset management firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative solutions and exceptional service. A member of the MassMutual Financial Group, Barings maintains a strong global presence with over 1,700 employees and 600 investment professionals across 41 offices in 17 countries. Learn more at www.barings.com.
*As of June 30, 2017
(U.S.) Brian Whelan, Barings, 704.805.7244, firstname.lastname@example.org
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Barings via Globenewswire
Om Nasdaq GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York
+1 212 401 8700http://www.nasdaqomx.com
NASDAQ (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents.
Følg saker fra Nasdaq GlobeNewswire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Nasdaq GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Nasdaq GlobeNewswire
BBVA Continental: the bank making waves in Peru24.1.2018 12:31 | Pressemelding
LONDON, Jan. 24, 2018 (GLOBE NEWSWIRE) -- BBVA Continental has picked up the 2017 award for 'Best Private Bank - Peru' in World Finance magazine's yearly line-up, which recognises those in the industry that are outperforming the rest and making astute business decisions in preparation for future trends. BBVA continental is the second largest bank in Peru, but is number one when it comes to the cost of risk, coverage ratio and non-performing loan ratio. It is currently seeing outstanding growth, with a year-on-year increase in performing loans of 2 percent and a 6.1 percent year-on-year increase in deposits. It has also invested heavily in a transformative digital strategy, thereby laying the foundations for further expansion in the future. A remarkable shift in the way that people carry out transactions illustrates the success of its transition towards digital platforms. In 2008, internet banking comprised just 18 percent of its transactions, but the latest results show that this has n
Block X Capital Corp. Announces Completion of Change of Business to Investment Issuer, Change of Name, Change of Management and Resumption of Trading24.1.2018 11:00 | Pressemelding
VANCOUVER, British Columbia, Jan. 24, 2018 (GLOBE NEWSWIRE) -- Block X Capital Corp. ("Block X" or the "Company") (CSE:BXXX) is pleased to announce that further to its press release on December 7, 2017, the Company has completed a change of business from a Mining Issuer to an Investment Issuer and has received approval from the Canadian Securities Exchange to resume trading. In connection with the change of business, the Company has changed its name to "Block X Capital Corp.". Trading of the Company's common shares will resume under the new name and under the new ticker symbol "BXXX" at market open on January 24, 2018. The Company will seek investment opportunities in early-stage to mid-level blockchain and emerging technology companies, and will leverage its extensive network of operators and global thought leaders to provide investors with unparalleled access to investments that are not normally accessible to the average retail investor. The Company is pleased to announce that it has
Dog Meat Free Indonesia : Sickening animal cruelty at Indonesia's "extreme" markets where dogs and cats are bludgeoned, blowtorched alive24.1.2018 09:30 | Pressemelding
Government urged to take immediate action to protect animals and public health LONDON, Jan. 24, 2018 (GLOBE NEWSWIRE) -- The Indonesian government is being urged to shut down the country's cruel live animal markets, where thousands of dogs and cats a week are bludgeoned in public, blowtorched whilst still alive, and butchered for eating. Campaigners from the Dog Meat-Free Indonesia coalition filmed at two of the most notorious of Indonesia's 200 live animal markets in North Sulawesi, "Tomohon Extreme Market" and Langowan Market, to expose the horrifying suffering routinely endured by animals. Live dogs and cats are seen trembling in cages as one by one they are beaten over the head, howling in pain. Lola Webber, Dog Meat-Free Indonesia campaign coordinator, said: " It was like walking through hell. The dogs huddled together in cages , trembling with fear as they watched others being killed around them , waiting their turn. The sight of absolute terror in their eyes, the thumping of the
Promethean Expands Educational Display Portfolio to Create Immersive Classroom Experiences24.1.2018 09:18 | Pressemelding
Seattle, Wash., Jan. 24, 2018 (GLOBE NEWSWIRE) -- Promethean TM, a global education technology company, announced expansions to its interactive flat panel portfolio which includes the market-leading ActivPanel and ActivPanel i-Series. The ActivPanel continues to offer the industry's most natural writing experience using InGlassTM technology, enabling both teachers and students to collaborate in front of the class with ease. The ActivPanel i-Series is an essential interactive flat panel for customers looking to replace their projector-based systems with a long-term, reliable solution. "Educators want technology that works as they do - flexible and able to adapt to their teaching styles in any classroom setting," said Ravi Angadi, Chief Products and Strategy Officer, Promethean. "At Promethean, we strive to create a dynamic ecosystem to enhance teacher productivity, providing educators with the latest innovative education technologies that are intuitive and immersive. With access to an e
Leading Medical Organizations Update Guideline for Molecular Testing and Targeted Therapies in Lung Cancer23.1.2018 21:11 | Pressemelding
DENVER, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Rapid advancements in the molecular diagnostic testing of lung cancer have led to new treatments and greater hope for patients battling lung cancer, the most common cause of cancer death worldwide. To ensure that clinicians stay apace and provide optimal patient care, three leading medical societies-the College of American Pathologists (CAP), the International Association for the Study of Lung Cancer (IASLC), and the Association for Molecular Pathology (AMP)-have updated their 2013 evidence-based guideline. Published today in early online release, the "Updated Molecular Testing Guideline for the Selection of Lung Cancer Patients for Treatment with Targeted Tyrosine Kinase Inhibitors," continues to set standards for the molecular analysis of lung cancers for test results that effectively guide targeted therapy and treatment. Targeted cancer therapies are drugs or other treatments that block the spread of cancer by interfering with specific molec
CashBet Seeks $40 Million for World's Only Complete Crypto-Ready Mobile iGaming Platform23.1.2018 16:31 | Pressemelding
Gaming and cryptocurrency industry leaders develop blockchain-based iGaming platform improving trust, speed, access, costs, and content availability OAKLAND, Calif., Jan. 23, 2018 (GLOBE NEWSWIRE) -- Leading mobile-first iGaming platform provider CashBet (https://coin.cashbet.com/) today announced it seeks to raise $40 million through an Initial Coin Offering (ICO) to develop the world's first complete crypto-ready mobile iGaming platform. Interactive gaming, which includes real money, social, skill-based, esports and sports betting, hit $91 billion in 2016, led by mobile gaming. Despite strong growth, current iGaming operations continue to face three major issues: trust, speed, and cost. CashBet is the first and only vertically integrated iGaming solution to leverage blockchain technology for transparent operations, increased speed, and lower transaction fees. The CashBet Coin will be available in pre-sale starting January 24, 2018 at 5:00 p.m. GMT, with a 20 percent discount offered.
I vårt presserom finner du alle våre siste saker, kontaktpersoner, bilder, dokumenter og annen relevant informasjon om oss.Besøk vårt presserom