By Nick Bayley (pictured), Duff & Phelps – With less than three months until the introduction of MiFID II, in some parts of the industry there is a palpable sense of panic as the deadline looms. Following the 20 September speech by FCA Enforcement chief Mark Steward, firms can take some comfort that the FCA will not immediately enforce MiFIDII in its entirety, provided firms can demonstrate that they have taken “sufficient steps to meet the new obligations”.
Brookfield Asset Management’s Public Securities Group is to acquire Center Coast Capital Holdings,, an affiliate of Center Coast Capital Advisors, LP (“CCC”), a Houston-based SEC-registered investment adviser focusing on energy infrastructure investments, including master limited partnerships (MLPs), with over USD4 billion in assets under management.
Livingstone has promoted Barry Sheehan to Director and Will Evans and Tom Reece to Associates, as it continues to invest in developing talent from within the firm.
PerformLine, a regtech company that delivers automated compliance solutions, has acquired social media technology company Silverback Social, with former CEO Chris Dessi joining as VP of Sales.
Global law firm Ropes & Gray and Japanese firm Anderson Mori have advised Bain Capital on its tender offer for Asatsu DK, Japan’s third largest advertising agency. The tender offer price for 100 per cent of the company is approximately JPY152 billion, or approximately USD1.38 billion – making it one of the largest buyouts in Japan this year.
PrimaLoft, a materials science company specialising in advanced branded technical products including insulation, fabric, and yarn for outdoor, fashion, and other industries, has completed a management-led transaction to recapitalise the business.
Augentius has appointed industry veteran Erin Sarret as its new European Business Development Director.
Almost two-thirds (63 per cent) of asset managers regard content marketing as their most effective marketing tool with 65 per cent planning to increase their investment in the content marketing space in the coming year.
Albion Capital Group LLP (Albion) has sold its stake in Hilson Moran Holdings Limited (Hilson Moran), an engineering services group in the UK and Middle East, to Tyrens AB (Tyrens), a Swedish technical consultancy.