Following an initial announcement in July, JTC has formally completed its acquisition of Kleinwort Benson’s Fund Administration business, taking the company’s global headcount to over 450 staff. Completion follows receipt of approvals from the relevant regulatory authorities and sees JTC add to its existing operations in the Channel Islands, as
Markit, a provider of financial information services, is to acquire DealHub, a provider of trade processing and trading services to the foreign exchange market. The acquisition will enable Markit to offer customers a comprehensive solution for FX across venue connectivity, trading services, trade confirmation and management, clearing and regulatory reporting.
Stearns Holdings, LLC, parent company of Stearns Lending, LLC, a leading national mortgage lender with wholesale, retail, correspondent, and strategic alliance business channels, announced today that Funds managed by the private equity group of Blackstone are to acquire a majority stake in Stearns Holdings, parent company of Stearns Lending, a
Morgenthaler Private Equity (MPE) has recapitalised Polytek Development Corp, a manufacturer of liquid mould rubbers and casting plastics. Customers use Polytek's proprietary chemicals to create flexible molds in order to reproduce highly-detailed, complex objects in a variety of industrial and consumer applications, including concrete casting, special effects, tooling, sculpture, and
Private equity firm Wellspring Capital Management has created a new flexible packaging company through the merger of portfolio companies Prolamina Corporation and newly acquired Ampac Holdings. Financial terms have not been disclosed. The combined company, which will be headquartered in Cincinnati, Ohio, will have a strategic geographical footprint and
11health has completed a new round of funding, raising a total of GBP775,000 from six angel investors, on top of the initial funding round of GBP500,000. This brings the total funding to over GBP1.25 million. This round of funding enables the business to extend the management team and more effectively
European private equity firm Vitruvian Partners has acquired a majority stake in Voxbone SA, a cloud-based provider of international voice over internet protocol (VoIP) services delivering communications solutions for enterprises worldwide. With Vitruvian’s backing, Brussels-headquartered Voxbone will look to drive its next phase of growth as it further strengthens its
Private equity firm HIG Capital has recapitalised United States Medical Supply (US MED), a direct-to-consumer mail-order medical supply business, focused on patients with chronic conditions, in partnership with management. Headquartered in Miami, FL, US MED provides medical supplies to patients suffering from chronic conditions, including diabetes, sleep/respiratory disorders, and urological
A wholly-owned, indirect subsidiary of Seagate Technology is to acquire Dot Hill in an all-cash transaction valued at USD9.75 per share, or a total of approximately USD694 million on a fully-diluted equity value basis. As Dot Hill has approximately USD49 million in cash on its balance sheet as of June
The real estate funds industry is alive and well from an asset raising perspective. In 2012, private RE funds closed with USD72 billion in committed institutional assets. By 2014, that number had increased by 45 per cent, according to leading alternative asset data provider, Preqin. While this is encouraging, the
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