· Augentius, a fund administrator, put together an Alternative Investment Fund Managers Directive (AIFMD) reporting service. It offers GPs three levels of service that range from an internal software tool to total outsourcing.
· iLEVEL, which helps GPs collect portfolio company data, opened a data center in Slough UK that will help more of its European clients access its private cloud services.
· Triago, the placement agent, hired Virginie Bourel to lead its MENA strategy. He was previously a director with Quartilium, a Paris-based private equity fund of funds.
· Financial services firm Capita Asset Services acquired UK accounting firm Throgmorton for an undisclosed sum.
· Fund administration firm Apex Fund Services named Bill Salus as chief executive. Salus, who was previously managing director and business executive for BNY Mellon’s asset servicing organization, will take over day-to-day running of Apex from Peter Hughes, who becomes chairman.
· KPMG appointed Alex Hartley to lead its M&A consultancy practice in the Northern half of the UK. Hartley first joined the ‘Big Four’ audit firm in 1998 as a member of its Leeds office.
· Sheffield Haworth, an executive search firm, hired Justin Gault to look for London-based hires in the audit, tax and finance fields. Before that he worked at PwC as an insurance auditor.
·Dion Global Solutions, a software provider, unveiled “AlphaClick”, a private equity and venture capital portfolio monitoring tool.
· IntraLinks now lets users of DealNexus to access its online M&A deal room using their tablets. An app for the iPad was already created.
· Sovereign Capital, the private equity firm, acquired accounting firm SJD Accountancy along with online accounting practice Nixon Williams. The deal, worth a reported £100 million (€128 million; $163 million) will see the two businesses retain their brands and operate separately.
· Fund of funds Unigestion created a risk assessment tool for its LPs. The firm’s “Private Asset Allocator” lets investors determine their allocations to funds based on specific objectives like early cash distribution, inflation protection or to meet regulatory capital requirements.
· Indus Valley Partners, a software provider, now offers regulatory filing services for hedge funds, private equity funds and other alternative asset managers. Specifically the firm created software for Form PF, Form ADV, the upcoming AIFMD Annex IV report, EMIR and TIC-B reporting.
· Data security firm VerInvest Corporation now offers a verification clearing service to authenticate private fund investors’ accredited or qualified financial status. Rules allowing US-based private fund managers to mass market their funds were written last year but require GPs to verify that all their LPs are accredited investors.
· ‘Big Four’ audit firm EY has merged with business consultancy the Parthenon Group for an undisclosed fee. Parthenon Group professionals and EY’s investment strategy practices will operate under the Parthenon-EY brand. Bill Achtmeyer, chairman and founder of Parthenon, will lead Parthenon-EY.
· In related news, the UK’s private equity lobby group the British Private Equity & Venture Capital Association (BVCA) opened up an office in Manchester and appointed Richard Young to the new position of director, BVCA Manchester. Previously with 3i and then founder of The Manchester Technology Fund, Young joins the BVCA from venture capital house Enterprise Ventures where he has been fund manager for the North West Fund since 2010.