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Intelligence

Lending Works launches targeted services for older lenders

Lending Works, the first peer-to-peer lender to have insurance against borrower default risk, is introducing several new features aimed at the UK pensions market, as new pension rule changes come into effect in April 2015. More than 52% of Lending Works’ lenders are aged 55 or older, indicating a growing

solar panels

TerraVerde appoints Dan Rosenberg as Director of Solar Asset Management

TerraVerde Renewable Partners, a solar and energy advisory firm, has appointed Dan Rosenberg as Director of Solar Asset Management. TerraVerde helps schools, public agencies and private companies manage their energy portfolios. TerraVerde's advisory services cover the full range of the project life cycle, including project development, management of operational projects,

Announcement

NGP Energy Capital Management names Jeffrey A Zlotky General Counsel

Private equity firm NGP Energy Capital Management (NGP), has appointed Jeffrey A Zlotky as General Counsel effective immediately. Zlotky joins NGP from Thompson & Knight LLP, a global law firm with deep expertise in the energy industry, where he was a partner in their Corporate and Securities practice group, with

Debt

Inspired Capital secures GBP25m debt facility through British Business Bank Investments

Inspired Capital has secured an additional GBP25 million debt facility through British Business Bank Investments Limited, the commercial arm of the UK Government's economic development bank. The funding will be provided as a three year syndicated back-to-back facility with Lloyds bank, increasing the total facilities for Inspired's invoice finance business

Union Jack pound sign

Scottish Loan Fund to provide GBP0.7 million of funding to ExecSpace.

The Scottish Loan Fund (SLF) is pleased to announce that it has committed GBP0.7 million of funding to the event services and management business, ExecSpace, to support its businesses growth strategy. The investment will provide a significant boost to the business as it looks to widen its geographic reach into

Announcement

JPMorgan Chase grants USD1m to boost VEDC lending

JPMorgan Chase has awarded a USD1 million grant to VEDC to boost the organisation’s infrastructure as they expand their outreach to small businesses in eight states.  JPMorgan Chase has been a longtime supporter of VEDC as they strive to meet the capital needs of small businesses in underserved communities. The

DFJ leads USD12.5m Remitly fundraising round

Remitly has closed a USD12.5 million Series B funding round led by DFJ with participation from DN Capital and existing investors QED Investors and Trilogy Equity Partners.  DFJ partner William Bryant will join Remitly’s board of directors. Remitly will use the new capital to expand its team, scale marketing efforts,

Announcement

Audax private equity acquires AllOver Media

Audax Group has partnered with management to acquire AllOver Media (AOM) from the firm’s independent owners.  Headquartered in Minneapolis, Minnesota AOM operates an alternative out-of-home (AOOH) advertising platform in the US with a diverse set of advertising mediums at high-traffic indoor and outdoor locations. Founded in 2002, AOM’s core products

Taurus launches new VC fund for Israeli tech market

Taurus Asset Finance has launched a new Venture Capital Fund – Arie Ventures – focused on investing in Israeli-sourced technology and its worldwide potential. The fund is looking to raise up to USD200 million, and is based in the UK.  It is open to institutional investors, Fund of Funds, and

Announcement

Janssen acquires XO1 Limited

Janssen Pharmaceuticals has acquired XO1 Limited, a privately held asset-centric virtual biopharmaceutical company founded to develop the anti-thrombin antibody ichorcumab.  Financial terms of the transaction have not been disclosed. Ichorcumab is a recombinant human antibody developed to mimic the activity of a human antibody which appears to produce an anticoagulated

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