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Intelligence

Victory Park Capital appoints senior adviser

Chicago-based alternative in investment firm Victory Park Capital (VPC) has appointed John Martin as senior advisor. Based in Chicago, Martin will support VPC’s private credit strategies, leveraging his thirty years of experience in the investment industry. “Victory Park Capital has built a world-class private credit business with a highly talented

Riverside invests in HealthTech BioActives

The Riverside Company, a global private equity firm focused on the smaller end of the middle market, has invested in HealthTech BioActives (HTBA). HTBA is a Spanish manufacturer of active pharmaceutical ingredients (APIs), excipients, flavourings and sweeteners for the pharmaceutical, nutraceutical and cosmetic industries, as well as ingredients for human

EdtechX Holdings to merge with Meten Education

EdtechX Holdings (EdtechX), a special purpose acquisition company (SPAC) seeking to acquire a target in the education services and education technology industry, is to merge with Meten Education (China) (Meten). Meten and its digital platform Likeshuo are a market leader in English Learning Training (ELT) in China. The combined entity (New

Macfarlanes advises Muzinich & Co on first ELTIF

Macfarlanes has advised Muzinich & Co, the corporate credit management specialist, on a leverage facility for its first European Long-Term Investment Fund (ELTIF), Muzinich Firstlight Middle Market ELTIF. This fund invests mostly in syndicated loans and private debt instruments, and may also invest in bonds and junior investment opportunities. As

JP Morgan Asset Management appoints Head of Private Credit

JP Morgan Asset Management has appointed Meg McClellan as Head of Private Credit in the firm’s Global Alternatives group, effective 1 January, 2020, to lead the firm’s major expansion in Private Credit. In the newly-created role, McClellan will oversee the firm’s Global Special Situations, Infrastructure Debt and Commercial Mortgage Loan

One Equity Partners invests in Nexion

Middle market private equity firm One Equity Partners (OEP) has made a significant minority investment in Nexion, an automotive solutions business, focused on garage equipment, diagnostics, and advanced driver assistance systems (ADAS) aftermarket solutions. Financial terms of the private transaction have not been disclosed. Founded in 1954 and headquartered in

SIS Ventures appoints new chair

SIS Ventures, Scotland’s leading ‘profit with purpose’ fund, has appointed a new Chair. David Ovens, Chief Operating Officer at Archangels and current Vice Chair of SIS Ventures, takes over as Chair from Bill Crossan with immediate effect. Bill will remain a member of the Board to support the next phase

Waracle receives GBP4.8m investment from BGF

Waracle, one of the UK’s largest mobile apps and digital products developers, has received a GBP4.8 million investment from BGF, the UK and Ireland’s most active investor in growing businesses, to support its long-term growth plans. Waracle designs, develops and manages mobile apps and other digital products, working with some

Nuvei raises USD270 million at USD2 billion valuation

Nuvei, a global payment technology provider, has completed a USD270 million (CAD358 million) common equity financing, valuing the company at USD2 billion (CAD2.65 billion). The investment comes primarily from Nuvei’s existing shareholders: leading Canadian private equity firm Novacap, supported by some of its key limited partners, and Caisse de dépôt

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