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Veracity Payments secures USD80m commitment from Great Hill Partners

Veracity Payment Solutions has secured an USD80m commitment from Boston-based Great Hill Partners, a private equity firm that manages over USD2.5 billion in capital. While a portion of the committed funds was used to buyout an existing investor, the vast majority will be used to fund Veracity’s US and European

Bertrand Meunier joins CVC Capital Partners

Bertrand Meunier joins CVC Capital Partners (CVC) as a Managing Partner and member of the PE Board with immediate effect. He will be based in London where he will have global responsibilities including leading the newly formed global consumer goods sector and overseeing the development of the firm in France.

HgCapital promotes Kai Romberg to Partner

HgCapital, the leading European sector-focused private equity investor, has promoted Kai Romberg to partner. The move recognises Romberg’s strong performance, delivered since he joined HgCapital in 2004 as an Associate.

 Romberg has played an important role in many value-creating investments including SiTel, Addison, Visma, CSG, Achilles (which won the Fast Track

Brazil flag

Morgan Stanley Global Private Equity and OSF Merchant Banking form strategic partnership

Morgan Stanley Global Private Equity has formed a strategic partnership with OSF Merchant Banking to pursue investment opportunities in Brazil. Based in São Paulo, OSF is a fund manager that offers international and local qualified investors customized alternative investment advice. “Brazil has entered a cycle of abundant opportunity and unprecedented

GSO Capital Partners’ second mezzanine fund closes on USD4bn

GSO Capital Partners, the credit division of Blackstone (NYSE: BX), has announced the final closing of its second mezzanine fund, GSO Capital Opportunities Fund II, with total commitments of USD4 billion, making it among the world’s largest mezzanine funds and the largest mezzanine fund to be raised following the financial

CRT and the EIF launch GBP60m cancer fund

Cancer Research Technology, Cancer Research UK’s commercial arm, and the European Investment Fund (EIF), have joined together to create a GBP50 million investment fund to bridge the funding gap in the UK between cancer drug discovery and early development.  The CRT Pioneer Fund will seamlessly take potential cancer drugs from

Irish flag

Ireland approves new corporate fund structure

The Irish Minister for Finance has approved, in principle, the development of legislation for a new corporate structure for funds which is intended to meet US ‘check the box’ requirements and reduce administrative costs. This step is consistent with the Irish government’s on-going commitment to the continued development of the

Broadlake provides Vita Liberata with funding for global expansion

Broadlake Capital has acquired a significant stake in Vita Liberata, the International Self Tan Business.  This investment marks Broadlake’s first investment in the Health & Beauty market and presents the opportunity to support Vita Liberata’s founder Alyson Hogg and her team with the growth and continued International expansion of the

Wind turbine company New Wind gets USD1m in VC funding

New Wind, LLC, the Nashville-based small-wind vertical-axis wind turbine (VAWT) company has received more than USD1 million in a second round of venture capital funding. Stuart Wiston, the company’s president, says the funding came because investors looked at the phenomenal growth and potential of the company and felt not only

Brilla Group closes first Colombian PE fund dedicated to hotels & resorts

Brilla Group, a Miami-based private equity firm focused on the luxury beachfront hotel and resort asset class in South Florida, the Caribbean, México, Central America, and Colombia, completed the first closing for its Colombian Beachfront Hospitality Private Equity Fund on 1 February, 2012. This local vehicle, regulated by the Colombian

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