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Intelligence

Angeles Equity Partners adds three new team members

Private equity firm Angeles Equity Partners (AEP) has added three to its team. Maxwell Schechter joins the firm as Vice President of Business Development, focusing on deal origination and marketing. James Lee and Shan Siddiqui join AEP as Associates concentrating on the evaluation, due diligence and execution of new investment

Calculus Capital invests GBP2.5m in Axol Bioscience

Private equity firm Calculus Capital, a leading EIS and VCT investor, has completed its third deal in two weeks, investing GBP2.5m in Cambridge-based Axol Bioscience (Axol), a provider of stem cells produced from reprogrammed human blood and tissue cells. Axol supplies high quality human cells – especially live human neurons

Gravity Media Group appoints new Chief Financial Officer

TowerBrook Capital Partners-backed Gravity Media Group (GMG), which acquires businesses serving the live broadcast sector, has appointed Paul Greensmith as its new Chief Financial Officer to oversee the company’s growth strategy. Following recent acquisitions and investment, GMG’s current companies include Gearhouse Broadcast, Hyperactive Broadcast and Input Media – companies that

HIG Capital acquires NCI, Inc

An affiliate of HIG Capital (HIG), a global private equity investment firm with USD22 billion of equity capital under management, has acquired NCI, a diversified IT and professional services company that provides software development, information assurance, IT system engineering and modernisation and other enterprise IT solutions primarily to the US

Jones Day appoints M&A partner in Hong Kong

Global law firm Jones Day has appointed Charles Chau as a partner in the firm’s M&A Practice in Hong Kong. An adviser for nearly 20 years to clients in Hong Kong, mainland China, and the Asia-Pacific region, Chau has extensive experience in public and private company acquisitions, joint ventures, financings,

Maven Capital Partners appoints new Investment Director to Northern team

Maven Capital Partners (Maven) has appointed Craig Hopwood as an Investment Director, based in the Manchester office. Hopwood joins from HSBC where he was responsible for looking after a portfolio of larger private equity-backed businesses across the region including Fircroft, Tangerine and Innovia. Prior to this, he worked in the

NGX Bio raises USD3m to fund growth of DNA sequencing marketplace

NGX Bio has closed a USD3 million funding round led by 180 Degree Capital Corp with participation from Third Kind Venture Capital, Lateral Capital, the Band of Angels and the Berkeley Angel Network, as well as other investors. NGX Bio was founded in 2014 to provide streamlined, on-line access to

SnapApp raises USD10.2m in Series B funding round

SnapApp, provider of an SaaS platform used by B2B marketers to create, publish, and measure interactive content, has closed USD10.2 million in additional funding from its principal investor, Providence Strategic Growth, the growth equity affiliate of Providence Equity Partners. The Series B round follows a period of sustained and rapid

VentureMed Group raises USD15m in Series B equity financing

VentureMed Group (VMG), a medical device company developing and commercialising next-generation endovascular products to treat patients suffering from peripheral artery disease (PAD), has raised USD15 million in new equity financing. The Series B Round was led by new investor Endeavour Vision, a technology and life science investor based in Geneva,

Announcement

Stroock Advises Instinet in purchase of BlockCross ATS from State Street

Law firm Stroock’s FinTech group, led by partner Ian DiBernardo and special counsel Jeffrey Mann, has advised Instinet Holdings Incorporated in its acquisition of State Street’s BlockCross ATS, an alternative trading system (ATS).  The Stroock team also included associates Binni Shah and Adam Sapper.  The transaction, which closed on August

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