Saturday, 27 December 2014
Last updated 3 days ago
Jun 21 2012 | 8:04am ET
Mergers and acquisitions specialist Bernheim, Dreyfus & Co. has received a $40 million cash injection from the newly launched seeding platform Emergence.
The acceleration capital brings total assets under management in the Diva Synergy UCITS event-driven fund, run by Lionel Melka, Amit Shabi and Sébastien Dettmar, to about $50 million.
Launched in mid-2011, the Diva Synergy UCITS Fund pursues an absolute return strategy focusing on equity M&A situations in Europe and North America and offering daily liquidity. The fund deploys its capital in two sub-strategies: merger arbitrage (announced transactions) and pre-event (expected transactions), and relies on strong fundamental analysis.
The Paris-based managers, who have been implementing their strategy through their offshore fund for almost six years, said in a statement the investment would allow them to reach critical size in time to capitalize on an expected pick-up in M&A activity. “Corporates and private equity houses are sitting on huge amounts of liquidity, waiting to be deployed. Interest rates are low, public companies valuations reasonable and growth remains more efficiently achieved externally, through acquisitions, than organically. The progressive resolution of macroeconomic uncertainties, especially in Europe, should encourage CEOs to look for acquisition opportunities.”
The Emergence seeding platform was created early 2012 with the backing of seven major French institutional investors representing over $1.5 trillion of financial assets. Its absolute return division is managed by the seeding company NewAlpha Asset Management
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.