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Intelligence

Clearlake Capital Group closes Fund V at over USD3.6bn

Clearlake Capital Group has completed fundraising for Clearlake Capital Partners V (Fund V) with over USD3.6 billion in commitments. Fund V exceeded its target and was substantially oversubscribed, reaching its hard cap. At over USD3.6 billion, Fund V is Clearlake’s largest private equity fund to date. This brings Clearlake’s total cumulative capital

EC proposals for UCITS and AIFM amendments don’t go far enough

ALFI comments on the EC proposal amending UCITS and AIFM Directives… ALFI, the Association of the Luxembourg Fund Industry, has been engaged in the Capital Markets Union initiative from the outset and has actively responded to the European Commission’s 2016 consultation on barriers to the cross-border distribution of investment funds.

iM Square secures funding from Eurazeo

iM Square, a European investment and development platform dedicated to asset management, has secured a new financing commitment from Eurazeo, one of its founding shareholders. Eurazeo is committed to support iM Square’s investments over the next few years and is expected to become its reference shareholder. Other founding shareholder Le

PNC Business Credit adds three to secure financing team

PNC Business Credit, the senior secured lending division of PNC Bank, has made three appointments in its senior secured financing team in the Upper Midwest and Western regions.  Luke Tripodi has been appointed senior vice president and business development officer for PNC Business Credit. Based in Chicago, he has responsibilities

Metro Bank provides Z Hotels with GBP18m bespoke funding solution

Metro Bank has provided the highly prestigious Z Hotels with GBP18 million of funding. The capital will be used by the company to acquire a five-story office building just off Trafalgar Square in central London. Branded as ‘The Urbanite Stay’, Z Hotels offers luxury hotel accommodation in prime city locations

Michael Metzger joins Drake Star Partners’ senior team in LA

Technology, media and communications global investment bank Drake Star Partners has appointed seasoned media and Internet investment banker Michael Metzger as a Partner in the firm’s Los Angeles office. Metzger will be focusing on media, Internet and the tech sectors.   This announcement follows Drake Star Partners’ recent office launch

Compass Group Equity Partners acquires Logic PD

Compass Group Equity Partners has acquired Logic PD, a designer and developer of embedded and connected devices serving the aerospace, defence, control and automation, Internet of Things (IoT), and medical/life sciences markets. Established in 1960, Logic has evolved into a leading provider of electronics manufacturing services offering a complete suite

YFM Equity Partners invests in augmented reality specialist Ncam

Funds advised and managed by YFM Equity Partners (YFM), a specialist private equity fund manager, have backed an investment into Ncam Technologies Limited, a provider of innovative and leading Augmented Reality solutions for the entertainment industries. YFM’s investment comes from its two advised VCTs, British Smaller Companies VCT plc and

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