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david.b@peimedia.com

The investment arm of the insurance group has supplied £65m to the development of the Science Central hub in Newcastle, a dedicated space for tech entrepreneurs and scientific research.
Pillarstone hires Jonathan Conway and Pablo Crespo as partners in a bid to expand the operations of the credit vehicle which assists banks with managing their exposure to NPLs.
The European Investment Bank has placed £100m in UK-based P2P lender Funding Circle’s SME fund. The investment is the first time the institution has invested capital in a P2P lender.
With the UK’s EU referendum verdict less than a week away, we’re still no closer to a clear image of the future beyond.
Catherine Lewis La Torre, the former head of private equity at Cardano, has joined the government-owned institution as CEO as well as two non-executive directors.
The fund is the firm’s fourth direct lending vehicle and is aiming to raise the capital by the second quarter of 2017. Capzanine is also raising capital for a sponsorless mezzanine vehicle and has targeted a final close of €350m.
Private equity group Abénex has acquired life sciences company Cisbio Bioassays from Argos Soditic. Tikehau provided €35m unitranche financing in the deal.
The deal is the second transaction with GE Capital in Incus’s fund, which targets investments in Spanish and Portuguese SMEs. The fund has a target IRR of 20%.
The firm’s third European direct lending fund surpassed its €2bn target just one year after it was launched.
Ares Management provided two-thirds of the unitranche financing of private equity group Apax Partners’ acquisition of Norwegian-headquartered satellite communication business Marlink.
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