Veritas, Estonia’s LHV back new €70m Baltic private equity fund

first_imgShe added that Veritas did not usually back inaugural fund launches, but that Livonia was “very well connected within the local economies.”She added: “Building regional champions instead of country-specific winners makes a lot of sense. Economic growth in the Baltic region is among the strongest in Europe and the fundamentals are in good shape.”Kristo Oidermaa, portfolio manager at LHV Pension Funds Oidermaa added that the fund commitment fit well into its existing strategy, allowing it to benefit from growth in the Baltic market.“Our investment strategy has a small home bias and we regard all three Baltic countries as our home markets,” Oidermaa said. “Over the last few years, we have considerably increased our allocation of alternative assets, with commercial real estate and timber and now private equity funds.”Kaido Veske, co-founding partner of Livonia Partners, said that the fund would focus on mature companies with a track record of up to 5 years and an annual turnover starting at €5m, but up to €40m.He added that the fund is looking for companies with an export focus and which were undercapitalized, and that while earnings volatility in the region would still be higher than elsewhere in Europe, the countries in question also boasted higher growth than Europe as a whole. Finnish pensions insurer Veritas and LHV Pension Funds, Estonia’s second largest pension fund manager, are among six investors committing €70m to a pan-Baltic private equity fund.Domiciled in Latvia, the Livonia Partners-managed fund will invest €3-15m of equity and mezzanine capital per investment in up to 12 small and medium-sized enterprises (SMEs) active largely in Estonia, Latvia and Lithuania. The first investments will be made in the next few months, with the possibility that firms in adjacent countries could also receive funding.Livonia Partners Fund I will acquire a blend of majority and minority stakes, acting as a hands-on investor and holding the stakes for around 5 years. Though it has a generalist mandate, the fund’s initial focus will be on manufacturing, business services and consumer companies, reflecting the management team’s experience.The €2.8bn Veritas has committed €5m from its private equity allocation. Ilona Karpinnen, portfolio manager, private equity, Veritas, told IPE: “Livonia fits well into our private equity portfolio, as European small and mid-market buyouts are the backbone of our private equity programme.last_img read more

Spelinspektionen steps in over Enlabs inactivity

first_img Share StumbleUpon Submit Global Gaming adds sportsbook extension to Ninja property August 25, 2020 Related Articles Soft2Bet continues new market drive with Irokobet launch August 26, 2020 Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 Share Spelinspektionen, Swedish gambling’s regulatory inspectorate, has warned Entertainment Laboratories (Enlabs) that it could move to revoke its licence due to a lack of activity recorded within a re-regulated Swedish marketplace.Enlabs has been given a 1 July 2020 deadline to begin operating gaming activities in Sweden, after the regulator issued its demand.Responding to the warning, Baltic facing Enlabs has played down the potential impacts and asserted that its operations will be in effect by the stipulated date.George Ustinov, president and chief executive officer of Enlabs, explained: “The Swedish Gambling Authority decision to give us a warning due to inactivity was not unexpected and did not change our communicated strategy for the Swedish market. We believe the authority’s assessment is reasonable and we will offer games under our Swedish license no later than June 2020, and thus retain the license.“In particular, I would like to emphasise that the authority’s warning only arises because we did not offer gaming operations under our license and does not entail any financial consequences. We look forward to a launch in Sweden and continue to monitor market conditions in order to seize the opportunities that arise.”Enlabs initially gained its licence for online gambling and betting on December 17, 2018, before Sweden’s re-regulated igaming market commenced operation on January 1, 2019.The licence, which covers a number of Enlabs brands such as bestbet.com, bestbingo.com, bestcasino.com, bestpoker.com, optibet.com, optibet.se, is valid until 31 December 2023.“The board is very pleased that George Ustinov will lead Enlabs in the future. George has during his time in the group demonstrated the ability to quickly make and implement decisions, has solid knowledge of the Eastern European gaming markets, and possesses the leadership skills that Enlabs continues to develop,” stated Niklas Braathen, Enlabs’ chairman.last_img read more

Hoornstra: The 2030 baseball season – download it today!

first_imgOf course, back then, it wasn’t uncommon to see a rookie play nine innings in a four-hour long game. Thankfully we’ve gotten time of game under control, and who even misses those final two innings anyway? Just don’t expect to see any rookies play the full seven today. The Protesters need to keep their youngsters’ service time under control. And thanks to a new rule this year, they can do that while putting their best players on the field every day. Service time will be accrued on a per-inning basis, so enjoy those first five innings, folks. The last two could get dicey as the Protesters empty their bench.Tonight’s sixth inning will be the TikTok America inning! We want to see your best TikTok video featuring you wearing your Protesters gear. Upload your video, use the hashtag #ProtestersBaseball – the “baseball” part is really important – and you’ll be automatically entered into our 2031 season ticket giveaway! We’ll be choosing one winner every sixth inning, 154 times a season. The Protesters will be wearing their home Thursday alternates today, the ones with two sponsor patches on each sleeve, but you can wear any old thing with a Protesters’ logo in your video. Good luck to all today’s contestants. TikTok America: where America pretends it can dance.Your chances of winning depend on the number of entrants. The Protesters’ chances of making the playoffs, on the other hand? Well, they went up again this offseason without lifting a finger. That’s because Major League Baseball increased the number of playoff teams yet again, from 16 to 24. Remember that MLB sent the winner of the American and National leagues directly to the World Series until 1969, then expanded from four to eight teams in 1995, then from eight to 10 in 2012, and from 10 to 16 in 2020.The 16-team postseason was supposed to be temporary, you might recall. But it was such a hit, it stuck around for another nine years! Now, with the regular season being trimmed from 162 to 154 games, that left room for yet another postseason round. Portland finished with a 70-92  record last year, but if a 24-team postseason had been in place, they would have been only two games out of a playoff berth. Imagine how much fun that will be at the end of another rebuilding season!As for me, I’ll imagine it from home. Your Portland Protesters will finish the regular season on the road, but the broadcasters are not traveling with the team in 2030 – another legacy reminder of that fateful 2020 season. Not to worry: all 50 camera angles available to the Official MLB Replay Booth, Presented by Warby Parker, are available here in our Stumptown Coffee Studios, which was recently outfitted with 6G wireless technology. What could we possibly miss? OK. Only one last item of business to check off before today’s first pitch, brought to you by Nordstrom*Sears*Macy*s. We’ll throw it down to pitcher Jimmy Stiles in the dugout. He’s starting for the Protesters on Sunday and, due to some staff budget cuts, he’ll be serving as our in-game reporter this season. He’s also the host of his own podcast, Stiles and Strikes, now available on Spotify. Subscribe to Stiles and Strikes, and don’t forget to rate and review today!Now Jimmy, we understand the National Virus Index has been declared Threat Level Orange today, so you’ll be required to wear a mask in the dugout just like the fans in the stands. That’s OK. Speak loudly and clearly into your Apple earpiece, and we’ll be on our way.Jimmy, take it away! Greetings from Publicly Funded Ballpark in Portland! I’m J.P. Hoornstra, and welcome to Opening Day of the 2030 season. The Portland Protesters are hosting the Los Angeles Angels of Orange County. So sit back, relax, and enjoy seven innings of baseball. Today’s Spotify broadcast is presented by Amazon Autonomous Vehicles. Amazon AV: let us drive responsibly when you don’t want to!The Protesters will have five rookies in their lineup today, more than any of the 32 teams taking the field on Opening Day. Portland’s lineup is predictably the youngest in baseball, with an average age of just 23. Their payroll is just barely above the salary floor. In fact, this was a major storyline throughout spring training: Can the Protesters get above the league-minimum floor, which was set at $99 million for the 2030 season? Then eight days ago, they signed their only free agent since the end of last season, Yasiel Puig, the Wild Horse, 39 years young. And so Portland becomes Puig’s 13th team in the past 11 years. If you can believe it, his past nine have all been as a non-roster invitee to spring training.Now Puig is the oldest active player in the game – a title he wrested from the Angels’ designated hitter tonight, Mike Trout. Trout will be batting cleanup, sitting on 650 career home runs. His 9-year-old son Beckham will be the Angels’ bat boy, sitting on zero home runs, but we’re looking forward to plenty from him someday. Something else we’re looking forward to? Today’s game is brought to you by “Star Wars: Ewoks,” opening in home theaters Friday.We’re a few minutes away from the first pitch presented by Nordstrom*Sears*Macy*s, but good seats still remain for this game. Take out your smartphone, open the Protesters app, reserve your seat, and retina scan your way through the turnstiles. Even if you can’t make it here today, those of you listening to this broadcast will hear the sounds of a sellout crowd. The ambient noise has been upgraded again for a new season, so you’ll be hearing the sounds of exactly 35,978 Portlanders – a capacity crowd at Publicly Funded Ballpark – whether you are here or not. Think about how far we’ve come since the infamous coronavirus season of 2020. Hard to believe it was only 10 years ago that some players actually preferred the sound of silence to the sound of digital crowd noise.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

Govt grants extended length of stay for Haitians

first_img…will be competing with Guyanese for already limited jobs – trade unionistDespite having thousands of Haitians enter Guyana unaccounted for last year, the coalition Government has sought to extend the time that Haitians spend in Guyana to six months.The letter extending the stay of Haitians in GuyanaThis was detailed in a letter dated January 31, 2019, addressed to Foreign Affairs Minister Carl Greenidge and copied to Minister of State, Joseph Harmon; Citizenship Minister Winston Felix and Public Security Minister Khemraj Ramjattan.The correspondence sent by the President’s Senior Confidential Secretary was titled “Immigration Order 2019”. It noted that under the Immigration Act, Chapter 14:02, amendments were made to “allow Haitian nationals to be entitled to an automatic stay of six months”.The amendment was made by Legal Affairs Minister Basil Williams.This change in the immigration policy comes on the heels of the unaccountability of over 3000 Haitians in Guyana.Already a number for persons are complaining about Haitians being employed at hospitals and in other sectors but being unable to speak proper English. This comes at a time when thousands of Guyanese have lost their jobs and are seeking employment but to no avail.Speaking with Guyana Times on Wednesday, a trade unionist questioned the decision by the Government to grant the extension.“What will they be doing in Guyana? How will they maintain themselves for six months? They obviously have to work and this means that they will be competing with Guyanese for already limited jobs,” the trade unionist added.Haitian migration has long been a troublesome issue.Meanwhile, at a meeting of the Parliamentary Committee on Foreign Affairs back in June 2018, the alarming statistics revealed that thousands of Haitians and Cubans are not only overstaying their time in Guyana but could not be accounted for.On May 23, 2018, Minister Felix wrote the Clerk of the National Assembly and provided statistics of the eight main groups of foreign nationals, including Haitians, with the largest arrival and departure figures for the past five years.The figures showed that Cubans accounted for the largest influx of foreign nationals, followed by Haitians and then Venezuelans after which were Brazilians, Indians, Bangladeshis, Dominicans [from The Dominican Republic] and Chinese.It was noted that as of April 30, 2018, a total of 1238 Haitians arrived in Guyana, but only 85 left the country. In 2017, 3515 Haitian nationals entered Guyana and 291 left, while the year before out of 722 Haitians who came here, only 451 were on record as leaving. There were 770 Haitian nationals who arrived in 2015, 227 in 2014 and 188 in 2013, but only 136, 113 and 99 left the country respectively.Chairman of the Parliamentary Committee, Opposition Chief Chip Gail Teixeira had pointed out that despite Haitians as well as Cubans – 22,520 of whom arrived but only 16,350 departed – speaking a foreign language, they seem to have gotten “lost”.“Both groups are distinctive in terms of language and yet they seem to be lost away,” Teixeira stated.However, the Citizenship Minister had suggested that the thousands of unaccounted-for foreign nationals must have left the country through `backtrack’. Felix had also accused Teixeira of “crying wolf in a crowded cinema” when it comes to the large numbers of Cubans, Haitians and others overstaying their time here and the risk of human trafficking.In the meantime, the Opposition’s People’s Progressive Party (PPP) had claimed that the coalition Government is granting thousands of Haitians and Cubans citizenship, so they get voting rights for the impending General and Regional Elections. But Government had rejected this.last_img

GAA PUNDIT MARTY MORRISSEY SET TO STAR AT FINN PARK IN NORTH WEST CELEBRITY CHARITY MATCH

first_imgGAA commentator Marty Morrissey is switching codes, but it’s only for one day, as he has agreed to take part in a North West Celebrity Charity Football match which aims to raise funds for the Bumbleance Ambulance service.Next Saturday the 13th of September, the stars will line up in Finn Park for what promises to be a great occasion.FAI chief executive John Delaney will join Morrissey in Finn Park, along with a host of other celebrities both local and national, including RTE’s Tony O’Donoghue, Mrs. Browns Boys’ Danny O’Carroll, former boxing star Willie ‘Big Bang’ Casey and many more will line up in aid of the Bumbleance Ambulance service, with the fun kicking-off at 7pm. Tickets are available from Michael Murphy Sports & Leisure in Letterkenny or you can phone the ticket hotline on 086 274 0777Prices are €10 for adults and €5 for kids and €20 for the whole family.Check out our Facebook page Northwest Celebrity Football Match for further details and announcements.https://www.facebook.com/events/438520042954496/  GAA PUNDIT MARTY MORRISSEY SET TO STAR AT FINN PARK IN NORTH WEST CELEBRITY CHARITY MATCH was last modified: September 5th, 2014 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:FeaturesnewsNorth West Celebrity Football MatchSportlast_img read more