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Funds

Zoyi Capital invests in Taiwan Farm Industry

Zoyi Capital has invested in Taiwan Farm Industry (TFI), a processed meat producer in Taiwan. TFI has a strong presence in both the retail and wholesale Taiwanese markets and has developed long-term relationships with a group of distributors that exclusively sell TFI’s meat products to wholesale customers.   Zoyi Capital,

Music

Beamz Interactive completes PE investment financing

Beamz Interactive has raised USD1 million of private funding from selected accredited investors at a price of USD0.05 per unit. Each unit consists of one share of restricted common stock and one three-year warrant with an exercise price of USD0.05.    The offering was led by management, who invested USD400,000

Bitcoins

Octopus backs Elliptic Bitcoin storage

Elliptic, the digital asset services company, has completed a USD2m funding round led by venture capital firm Octopus Investments. This funding comes just six months after the launch of Elliptic Vault, the world’s first insured Bitcoin storage service.   The seed-funding round, which sees Octopus invest alongside a number of

Dundee Corporation increases stake in Latin American holding company Union Group

Union Group, a major investor in real assets in emerging Latin American countries, has completed a capital increase with Dundee Corporation, a Canadian asset manager with a track record in resources investments. The sale takes Dundee’s stake in the company to 40 per cent and proceeds will be immediately deployed

Cisco invests in Georgian Partners Fund II

Cisco has made an investment in Georgian Partners Growth Fund II, the newest fund from Georgian Partners, a growth equity firm investing in expansion-stage software companies. "We are very pleased to have Cisco investing our second fund," says Simon Chong, co-founder and managing director of Georgian Partners. "To have a

Bridgepoint Development Capital acquires Phlexglobal

Bridgepoint Development Capital (BDC) has acquired Phlexglobal, a provider of Trial Master File and electronic Trial Master File solutions and services to the life sciences sector. Phlexglobal was previously backed by Inflexion.   BDC will support Phlexglobal’s plans to develop technologies, expand its client base across pharma, biotech and contract

RDIF to set up joint fund to implement BRICS infrastructure projects

Kirill Dmitriev, chief executive of the Russian Direct Investment Fund (RDIF), is launching an initiative to form a joint fund to invest in the equity capital of BRICS infrastructure projects. Dimitrev made the announcement at the BRICS summit in Fortaleza. Representatives of leading financial institutions, BRICS sovereign wealth funds and

Equistone secures 2.9x return on PD&MS exit

Equistone Partners Europe has exited PD&MS Energy, a provider of engineering, procurement and construction (EPC) services for the global oil and gas industry, in a secondary buyout to Inflexion. The mid-market private equity firm has achieved a 2.9x return on total investment after it backed the management buyout in 2010.

British pounds

NorthEdge invests in GBP66m deal backing Accrol

NorthEdge Capital, the private equity firm focused on investing in businesses based in the North of England, has backed Blackburn-based tissue converter Accrol Papers in a GBP66million deal. Accrol, established in 1993, employs 300 staff with a current turnover exceeding GBP100million. One of Europe’s largest independent converter of soft tissue

Change Capital Partners acquires majority stake in Frette

Private equity fund Change Capital Partners has acquired a majority stake in Frette, an Italian luxury linen and home furnishings business. Change Capital Partners will make a significant investment into the company.    Frette’s existing owner, JH Partners, a San Francisco-based consumer focused private equity firm, will retain a minority

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