Guernsey Finance launches fast-track applications for managers
Guernsey Finance has launched a fast-track application scheme for fund managers to migrate their vehicles to Guernsey, formed with input from the Guernsey Investment and Funds Association (GIFA).
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Submission proposes a bridge funding facility in the form of a convertible loan of up to £5m per company
German VCs call for more Covid-19 startup support
Concerns centre around the profitability criteria, as well as local banks' lack of familiarity with startups' risk profile
UK industry welcomes rescue package, but concerns remain
Package includes £330bn in loans, £20bn in other aid and a postponement of business rates
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Foresight-backed Envair acquires TCS for £2m
TCS managing director Dave McCabe will stay on with the combined company
Cathay, BPI-backed AD Education bolts on Ces
Add-on shortly follows the acquisition of Italian university Accademia Italiana Arte Moda e Design
Heal Capital, EBRD in $10.25m series-A for Infermedica
Round also saw participation from existing investors Karma Ventures, Inovo Venture Partners and Dreamit Ventures
Aberdeen Standard hires Cinven's Robinson
Robinson joins from his position as principal at Cinven, where he acted as a non-executive director