Member News

Lincoln International represents Audax Private Equity in the sale of RESA Power to Blue Sea Capital

By Lincoln International Lincoln has completed over 15 Energy, Power and Infrastructure transactions in the past 24 months  Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Audax Private Equity (“Audax”) has sold RESA Power, LLC (“RESA” or the “Company”) to Blue Sea Capital. Terms of the transaction were not disclosed.RESA, headquartered in Houston, Texas, is a leading provider of electrical life extension solutions for power distribution and control equipment. The Company serves as a critical...

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Vulcan View: Key Events of this WEEK

By Vulcan Consulting BREXIT UK Parliament to have final ‘take it or leave it’ vote on Brexit deal   MPs returned to the House of Commons this week to begin discussing amendments and proposals tabled on the EU (Withdrawal) Bill. The bill, which intends to repeal the European Communities Act of 1972 and bring existing EU law onto the UK statute book, had been delayed for weeks due to the tabling of numerous amendments. It faced...

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Member News

DS-Concept Provides € 2 Million Credit Facility for Flourishing Seafood Processor in Latvia

By DS-Concept DS-Concept has announced a € 2 million facility for a seafood processor based in Latvia, a deal that will help propel it into additional markets and allow it to focus on the construction of a new factory with greater output.                                       The company sells on open account terms and exports to retailers across Spain, Portugal, and the UK. With the facility in place, the seafood processor plans to build a new factory that will increase productivity, add value to the...

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Chapter News

“Economic Union, Financing Union, Banking Union”

By François Villeroy de Galhau, Amsterdam, Annual General Meeting of the Foreign Bankers’ Association   Ladies and Gentlemen, It is a pleasure to be in Amsterdam today and to give the keynote speech at your Annual General Meeting. I wish to warmly thank my friend Governor Klaas Knot and FBA Chairman Leonique van Houwelingen for their kind invitation. For a central banker, Amsterdam is a highly significant place, especially because the Bank of Amsterdam, in Dutch the “Amsterdamsche Wisselbank”, which was...

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Chapter News

Autumn 2017 EU Economic Outlook better than expected

Autumn 2017 Economic Forecast: continued growth in a changing policy context The euro area economy is on track to grow at its fastest pace in a decade this year, with real GDP growth forecast at 2.2%. This is substantially higher than expected in spring (1.7%). The EU economy as a whole is also set to beat expectations with robust growth of 2.3% this year (up from 1.9% in spring). According to its Autumn Forecast released today, the European Commission expects growth to...

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Member News

Understanding the Concerns of Investors

By Onno Bouwmeister |Malcolm Pobjoy | VISTRA Investors are holding more sway in the private equity community, and they are demanding increased transparency, as well as a greater focus on fees and valuations. Not surprisingly, limited partners appear to be the main motivating force behind the push for greater transparency, and especially LPs in the public pension fund sector. In Vistra’s research report titled “Private Equity Fund Governance: Establishing Best Practices 2017—The Manager & Investor Perspective, 45% of LPs polled...

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Member News

Letter from IIE President Allan Goodman: International Education Week

By Allan Goodman | President| Institute of International Education Today, I invite you to celebrate International Education Week, created as a joint initiative by the Department of Education and the Department of State in 2000. We work in international education every day, but this week is a particularly important one in which to reflect on the value and importance of the work that we all do. Let us also reflect on the strength of the IIENetwork community. Collectively, you represent 1,300...

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Chapter News

European Agenda on Migration: Consolidating progress made

The Commission and the High Representative set out the work still required to consolidate the progress achieved over the past years. In the run-up to the European Council in December, the European Commission and the High Representative reported today on progress made in better managing migration under the European Agenda on Migration. With the total number of irregular crossings along the main migratory routes having decreased by 63% in 2017, collective efforts to protect the EU's external borders, cooperate with partner...

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Chapter News

Winners and losers from globalisation: offshoring benefits skilled workers and hurts the less skilled

By Juan Carluccio, Banque de France |  Alejandro Cuñat, University of Vienna | Harald Fadinger, University of Mannheim | Christian Fons-Rosen, Pompeu Fabra Universit Rue de la Banque, No. 51 ■ November  2017 This Rue de la Banque, based on the exploitation of detailed data for the French manufacturing industry, argues that offshoring to low‑wage countries was a strong determinant of the labour‑market outcomes of low‑skilled workers in France during the period 1995‑2007. The results support the widespread view that international...

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Member News

Fairness Opinions: A Guide for Selecting a Provider

By Jeff Phillips | T. J. Hope | STOUT How to select a fairness opinion provider A fairness opinion is a letter summarizing an analysis prepared by an investment bank or independent third-party which indicates whether certain financial elements of a transaction, such as price, are fair to a specific participant in the transaction, from a financial point of view. While not required by law, fairness opinions are commonly used in M&A transactions to assist the board, a special committee...

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