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Intelligence

Guernsey’s chief minister, deputy Peter Harwood

Guernsey signs TIEAs with Italy and Latvia

Guernsey has signed Tax Information Exchange Agreements (TIEAs) with Italy and Latvia. The bilateral agreements were signed on 6 September and they mean that Guernsey has now signed a total of 37 TIEAs. Guernsey’s chief minister, deputy Peter Harwood (pictured), says: “Our relationships with the Member States of the European

Garner to lead LDC in Yorkshire and North East

Mid-market private equity firm LDC has appointed John Garner to head its operations in Yorkshire and the North East as it steps up its investment in the region. He will take over the role from John Swarbrick, who has led LDC in Yorkshire and North East over the past 12

Split

Avalon Lake Partners spins-out from WTP Advisors

WTP Advisors’ Capital Markets division will separate from the company and become a standalone business effective immediately. The new business will be named Avalon Lake Partners and is relocating its headquarters to New York City. Led by industry veterans Lou Sala, Jay Goldstein, and Ilicia Silverman, Avalon Lake will move away

TIME supports the growth of Brille24 with EUR12m investment

Brille24, a German online retailer for prescription eyeglasses, has closed an equity financing deal through its holding Tejado with growth investment firm TIME. The company signed a financing deal with growth investment firm TIME for an amount of up to EUR12m, of which EUR7m is invested as of today. Matthias

Blackstone to acquire GCA Services Group

A fund managed by Blackstone on behalf of its private equity investors, Blackstone Capital Partners V, is to acquire GCA Services Group, a US facility services company, from Nautic Partners and other minority shareholders.   Robert Norton, chairman, president and chief executive of GCA Services Group, says: “This transaction is a

RCIF makes first investment

Russian Direct Investment Fund’s Russia-China Investment Fund (RCIF) has reached a preliminary agreement to become a shareholder of Russia Forest Products (RFP), Russia’s second-largest forestry company. RCIF’s investment will fund the company’s move up the value chain from producing primarily raw logs to higher value added products like veneer and

GI Partners sells PC Helps Support to BCP

Mid-market private equity firm GI Partners has sold its portfolio company, PC Helps Support, to Baird Capital Partners (BCP), the US-based buyout fund of Baird Private Equity. The sale of PC Helps generated a return of approximately five times invested capital to limited partners of GI Partners Fund II. PC

Snappli secures funding from Greylock and Index Ventures

Mobile data optimisation company Snappli has received a significant injection of capital from its founding team of entrepreneurs. In addition, Snappli has now secured a further USD1m investment from Greylock Partners, Index Ventures and Klaus Hommels, the early investor in Skype, Facebook and Spotify. The Snappli app compresses, optimises and

SIGFOX secures EUR10m series B funding led by Intel Capital

SIGFOX, the first operator of a cellular network fully dedicated to machine-to-machine (M2M) and Internet of Things communications, has closed a funding round. This EUR10m series B funding led by Intel Capital, together with SIGFOX’s existing investors Elaia Partners, Partech Ventures International and IXO Private Equity, is in line with

Palatine’s MoneyPlus Group acquires Debt Free Me

Palatine Private Equity’s portfolio company, MoneyPlus Group (MPG), has completed the acquisition of debt management company Debt Free Me for an undisclosed sum.   Debt Free Me, based in Blackburn, UK, provides a range of debt management solutions to consumers and employs 30 people. The business will continue to trade

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