News

Marex Group reports record full-year results for the period to 31 December 2022, including a 29% increase in net revenue to USD 701.5 million and a 53% increase in adjusted operating profit before tax to USD 121.7 million.

Marex plc, the commodity broker, held the third completion of its acquisition of the global ED&F Man Capital Markets business which was announced on August 1, 2022. The UK, US, Australia and Dubai operations are now part of Marex.

XCentric Hotels has completed the sale of its portfolio of budget hotels operated as master franchisee for Benelux of the easyHotel brand to the franchisor easyHotel plc.

Together with Canadian development partners Bluenose AC Investments and Freed Developments, BXR Group sold Grand Park Village to the Minto Group. The project is a site in Etobicoke, a suburb of Toronto, which was assembled and on which the partnership achieved zoning for one million square feet of mixed use condiminium and retail units.

Crossroads European Real Estate Fund II SCSp, the second Crossroads Real Estate fund, seeded by BXR Group shareholders, held its second closing. To date it has invested in European budget hotels, parking garages in The Netherlands and a co-living development in Dublin.

Birch Hill Equity Partners IV and BXR Group agree to sell part of their stake in Softchoice Corporation through a CAD 150,000,000 block trade led by TD Securities and Goldman Sachs.

CenTech New Hungary Venture Capital Fund has been fully exited and capital returned to investors.

Completed a follow-on investment with Outsized Ventures into Oxford VR, an early stage company developing psychological treatment programmes using virtual reality technology, which enables patients to face and move beyond their fears.

Outsized Ventures is launched, as a venture capital fund manager focused on deep tech, replacing Luminous Ventures.

Softchoice completes its CAD 350,000,000 initial public offering.