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Intelligence

DIP Fund I invests GBP1.5m in wejo

DIP Capital’s Disruption Investment Platform (DIP) Fund I has invested GBP1.5 million in wejo, a leading UK technology company which collates data from connected vehicles. DIP Capital was established in February 2018 and focuses on investing in disruptive businesses. Founded and led by Riccardo Cirillo, DIP has a first fund

5 hands on top of each other

Maples Fiduciary makes strategic hires

Maples Fiduciary, a division of MaplesFS and leading global provider of specialised fiduciary, entity formation and management, insurance and administration services, has appointed Campbell Congdon and Wendy Zhang as independent directors. They will provide fiduciary services to a wide range of alternative investment funds, including hedge funds, fund of funds,

Revel Wood, FundRock

FundRock acquires SEB Fund Services in Luxembourg

FundRock Management Company (FundRock) has completed the acquisition of SEB Fund Services (SEB FS) from Skandinaviska Enskilda Banken AB (publ) (SEB).   The deal was first announced on 22 May and has concluded following regulatory approval from the Commission de Surveillance du Secteur Financier (CSSF).   SEB FS is offering

Audax Private Equity and LLR Partners complete sale of Numotion

Audax Private Equity (Audax) and LLR Partners (LLR), in partnership with management, have completed the sale of Numotion to AEA Investors (AEA) and Numotion management. Headquartered in Brentwood, TN, Numotion is a provider of Complex Rehab Technology (CRT), improving the lives of people with disabilities by enabling them to actively

Camel-IDS completes EUR37m Series A financing to develop cancer-targeted radio-pharmaceuticals

Camel-IDS, a VUB spin-off company developing cancer-targeted radio-pharmaceuticals, has secured EUR37 million in a Series A investment round led by V-Bio Ventures (Belgium) and Gimv (Belgium), joined by the co- lead investors HealthCap (Sweden), Novo Seeds (Denmark), Pontifax (Israel) and BioMedPartners (Switzerland). Existing investors also participated. The proceeds will enable

Jet Investment closes second fund at CZK4bn

Jet Investment has closed its second fund Jet 2 with CZK4 billion in capital commitments from making it the largest private equity fund in the Czech Republic open to a broader range of investors. The investment horizon of the fund is set from eight to ten years, with the funds

NOXXON secures EUR6.2m equity capital raise

NOXXON Pharma, a biotechnology company focussed on improving cancer treatments by targeting the tumour microenvironment (TME), has secured an equity capital raise totalling EUR6.2 million, including USD5 million committed by lead investor, Acuitas Capital, LLC, a US based family office. This equity capital raise meets the criteria to end YA

Reed Smith adds corporate partner in LA

Law firm Reed Smith has appointed Julia Zhu-Morelli as a partner in the Global Corporate Group in Los Angeles. Previously a partner with Squire Patton Boggs, Zhu-Morelli brings extensive experience in transactional matters with Chinese and US companies across a wide range of industries. “Julia will add depth to our

Swander Pace Capital acquires Bäckerhaus Veit

Swander Pace Capital, a private equity firm specialising in investments in consumer products companies, has acquired Bäckerhaus Veit, a producer of artisan, European-style breads, rolls, buns and soft pretzel products for top-tier retail and foodservice customers across North America. Founded in 1987 by award-winning entrepreneur and CEO Sabine Veit, Bäckerhaus

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