Revolut co-founder sets up family office
Nik Storonsky, the co-founder of fintech group, Revolut, has set up a family office, according to UK sources. Storonsky, an ex-Credit Suisse derivatives trader who founded Revolut in 2014, is worth $7.1 billion, according to Forbes.
Singapore family office backs UK retail park fund
JL Family Office, owned by John Lim, co-founder of Singapore-based real estate group ARA Asset Management, is backing a Savills Investment Management fund planning to invest in UK retail parks, according to reports. The move is viewed as a “contrarian” bet on the market.
AM Alpha buys more real estate
Munich-based family office AM Alpha has acquired an office building in the 2nd arrondissement of Paris, according to reports. AM Alpha is funded by a number of wealthy German investors, including the biotech billionaires Thomas and Andreas Strüngmann. The deal follows on from one a few weeks ago that saw AM Alpha buy a London building.
Convertible loan note gets backing from family offices
Lightpoint Medical, which develops tools for cancer detection in surgery, has issued a £12 million convertible loan note to fund its business.
The convertible was structured by Saturn Investors, hoping to get backing from family offices for similar deals. The convertible offers investors a yield of 8%. After 3-5 years the loan gets repaid at a premium or converted into shares at a potential 60% discount.
The Saturn initiative, led by David Toplas, avoids the dilution of equity funding rounds, as described by Family Capital earlier this month.
Subscribe
You will need a Premium Plus Subscription to access this database.
Exclusive news, analysis and research on global family enterprise and private investment offices.
Access to the most comprehensive fully interactive database on global family offices, principal investment offices, and family enterprises.
Check Deal Data, Senior Staff, and New Analysis on more than 1000 family/principal investment and holding groups
Already have an account? Login
Subscribe
You need at least a Premium Subscription to read this article.
The most comprehensive information service on the global family enterprise world, featuring exclusive news, analysis, research and data on global family enterprises, family offices, and private investment offices.
Premium
£299
per year
- Exclusive reports, analysis and commentary
- Exclusive access to family/private investment office deal information
- Exclusive interviews with principals and senior management of family/investment offices
Premium+
£399
per year
- Access to All of Premium
- Access to all of FamilyCapital Analytics, our interactive database with more than 1000 detailed profiles of family investment groups
Already have an account? Login
You've reached the end.
Continue reading free articles by registering as a Member.
Or choose a Premium Plan.
Membership
Free
- Exclusive reports, analysis and commentary
- Receive the twice-weekly newsletter
Premium
£299
per year
- Exclusive reports, analysis and commentary
- Exclusive access to family/private investment office deal information
- Exclusive interviews with principals and senior management of family/investment offices
Premium+
£399
per year
- Access to All of Premium
- Access to all of FamilyCapital Analytics, our interactive database with more than 500 detailed profiles of family investment groups
Already have an account? Login