Gresham House Ventures – a growth equity investor specialising in software and digitally driven businesses in the consumer, healthcare and service sectors – has made a GBP3.3 million investment in Patchworks, a software company helping e-commerce businesses automate and manage data flows across backend systems.
Technology & software solutions
Valuation software provider, Forbury Valuation Solutions (Forbury), has added two new recruits to its London team ahead of a UK expansion drive.
Private Equity Wire is joined by Thomas Ballard, CEO of Market Hill, to talk about digital transformation within the private equity space. Ballard explains what digital transformation actually means for private equity firms and what best practices look like when it comes to structuring efficient systems and new ways of working.
By Thomas Holm Moller (EY-Parthenon EMEIA Digital Leader) and Laura McGarrity (EY-Parthenon Principal, Digital Innovation) – Private equity can develop and deploy digital capabilities in a portfolio company by building in-house capabilities, entering into collaborations, acquiring businesses with the necessary capabilities or outsourcing the need completely. Ambitious PE firms should consider the currently under-explored route of partnering with start-ups to stoke digital transformation.
Global law firm White & Case LLP has advised The Carlyle Group on its acquisition of LiveU from Francisco Partners.
State Street Corporation is to acquire Mercatus, a front-and-middle-office solutions and data management provider for private market managers. The transaction is expected to be completed in September subject to customary closing conditions. Financial terms have not been disclosed.
Hazeltree, a provider of integrated treasury management and portfolio finance solutions for investment managers, has formed a strategic alliance with Lionpoint Group, a global consulting firm for digital transformation in the alternative investments industry.
Enhancing the productivity and efficiency of its trading and portfolio management solution for its asset management clients globally, Broadridge Financial Solutions is to utilise OpenFin’s operating system for financial desktops.
New mobile-first platform and social network for alt asset managers and allocators launched by AltsAxis
AltsAxis has launched its proprietary mobile technology ecosystem connecting all parties across the alternative investment industry on one centralised platform.
Holland Mountain, a data solutions provider to the Private Capital industry, has announced that the development of its connector between the ATLAS data platform will now offer an out-of-the-box connector to eFront.