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PraxisIFM announces sale of Fund Administration division to Sanne Group plc

All-cash offer in excess of £50m for Fund Administration AuA of circa. £25bn to facilitate the growth and expansion of Private Wealth and Corporate Services divisions PraxisIFM Group today announced an agreement for the sale of its Fund Administration division to Sanne Group plc in an all-cash deal in excess...

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PraxisIFM adds second Aquila Capital green fund to its client portfolio

PraxisIFM has added Aquila Energy Efficiency Trust PLC to its growing portfolio of renewable funds clients. Aquila Energy Efficiency Trust PLC (AEET) is the second Aquila Capital fund, following Aquila European Renewables Income Fund plc in 2019, that PraxisIFM’s London team has provided fund administration and governance services to, as...

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Praxis Fund Services and Carey Olsen support Taylor Maritime Investments on LSE listing

Leading funds services provider Praxis Fund Services (PFS) and Carey Olsen’s Guernsey corporate team have assisted on the initial public offering (IPO) of Taylor Maritime Investments Limited and its admission to trading on the Main Market of the London Stock Exchange (LSE). The Guernsey-domiciled closed-ended investment company, which raised US$253...

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IFM leading the way on sustainability regulation

International Fund Management Ltd (IFM) has announced that as an alternative investment fund manager (AIFM), it is fully compliant with the EU’s new Sustainable Finance Disclosure Regulations (SFDR). SFDR has been introduced to satisfy the appetite for greater clarity and transparency at both AIFM and product levels. While the UK...

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Sustainable Finance Disclosure Regulation (SFDR)

2015 was a defining year in the fight against climate change. On 25 September 2015, the UN adopted the 2030 Agenda for Sustainable Development which placed the UN Sustainable Development Goals (SDGs) at its core. This was followed on 12 December 2015 by the Paris Agreement, a legally binding international...

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Flexible family investment arrangements

A growing trend among family offices, along with major family wealth structures, is to establish Private Family Funds (PFFs) to create formalised investment vehicles. In this article Head of Wealth Structuring David Piesing looks at the advantages of PFF and why they are becoming increasingly popular. In many respects PFF...

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Eco focus for PraxisIFM as Ecofin IPO launches

PraxisIFM Fund Services (UK) has boosted its green credentials. It is providing administration and corporate secretarial services to recently listed Ecofin U.S. Renewables Infrastructure Trust plc (RNEW), which was admitted to the London Stock Exchange (LSE) on 22 December 2020. RNEW is one of three renewable infrastructure funds that the...

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PraxisIFM features throughout Business Life’s City Edition

Business Life’s recent City edition takes a closer look at how tech and collaboration are helping to bring the City and Channel Islands closer together. With a strong relationship between our Guernsey, Jersey and London offices, PraxisIFM features several times throughout the edition. In ‘A rich blend’ Managing Director of...

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2020 Annual Results

The PraxisIFM Group has reported a 7% increase in revenue to £60.5m (2019: £56.3m). In its Annual Results for the year ended 30 April 2020, the financial services group acknowledged the challenges of a difficult 12-month period and outlined the actions taken to refocus the business. The key points from...

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PraxisIFM’s City offering cemented as London teams move to new central spot

PraxisIFM has invested in its UK private client, corporate and funds business with a move into a new central London office. The independent financial services group has had a presence in London since 2015, when it acquired the fund administration business of Cavendish Administration Limited. The jurisdiction’s service offering was...

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