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Intelligence

Kareo secures USD29.5m in growth capital

Kareo, a provider of cloud-based medical office software and services for small medical practices, has secured USD29.5m in growth capital. This latest financing was led by Greenspring Associates and joined by OpenView Ventures and Silicon Valley Bank.   The new capital will be used to invest in sales and marketing

Adam Jeffries

JTC Group makes two senior appointments in Jersey

JTC Group, a multi-jurisdictional, independent provider of private client, corporate and fund services, has made two senior appointments in Jersey within its technology and marketing operations.   Adam Jeffries (pictured), who was previously global head of IT operations at Appleby, has joined as chief information officer and David Vieira, who

four fingers

Clearwater starts 2014 with deal quartet

Mid-market advisory firm Clearwater Corporate Finance has advised on four deals in the first three weeks of the New Year. This builds on a landmark 2013 for Clearwater, which saw the company complete 27 transactions with a total value of GBP750m – more than a 50 per cent increase on

Donald Fischer joins General Catalyst as venture partner

General Catalyst Partners has appointed Donald Fischer as its newest venture partner. In this role, Fischer will identify and lead investments in early stage enterprise companies.   Fischer joins General Catalyst after five years at Greylock Partners where he most recently focused on leading investments in big data, open source,

Albion Ventures invests GBP3.1m in third hydro project

Venture capital investor Albion Ventures has invested GBP3.1m in partnership with Perth-based developer Green Highland Renewables (GHR) to fund the development of a single 1MW hydropower scheme on the Allt Gharagain, near Achansheen in the Scottish Highlands. The scheme will benefit from the feed-in-tariff regime and it is expected to

Sell button

One third of global companies planning a sale, says survey

One third (33 per cent) of global businesses are planning a sale in the next two years, according to a report from EY. The annual 2014 Global Corporate Divestment Survey, which surveyed more than 700 corporate executives globally, also reveals that 80 per cent of global executives are open to

KKR to provide financing to Gruppo Argenta

KKR Asset Management, a sub-investment grade manager wholly-owned by KKR, has agreed to provide approximately EUR100m in capital, through a combination of debt and equity, to Gruppo Argenta. The funds will partially repay current lenders as well provide liquidity for growth. The incumbent shareholders will invest EUR10m alongside KKR.  

iNovia Capital promotes Kevin Swan and Karamdeep Nijjar to partner

iNovia Capital, an early stage venture capital fund focused on digital media, SaaS, e-commerce and connected devices, has named principals Kevin Swan and Karamdeep Nijjar as partners at the firm. Swan’s technical and operational background gives him strong expertise in the areas of SaaS, digital media and connected devices. Swan

Abraaj Group acquires majority stake in Turkish dairy business Yörsan Group

The Abraaj Group is to acquire in partnership with the European Bank for Reconstruction and Development (EBRD) and the Yörük family, a majority stake in Turkish dairy business Yörsan Group. Yörsan has been manufacturing branded dairy products in Turkey for over 50 years.   Yörsan has a strong portfolio of

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