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Intelligence

Genstar and Oak Hill-backed Mercer Advisors acquires Wrenn Financial Strategies

Mercer Global Advisors, a full-service wealth management firm and national Registered Investment Adviser (RIA) backed by private equity firms Genstar and Oak Hill Capital, has acquired Wrenn Financial Strategies, a wealth management firm located in Raleigh, North Carolina. Wrenn serves over 150 clients with assets under management (AUM) of approximately

ECI completes seven exits valued at GBP2.5bn in 2021

ECI Partners, a growth-focused mid-market private equity firm, had a strong 2021, completing seven exits with a combined value of GBP2.5 billion. Together, these exits averaged a return of 3.5x, and include the sale of CPOMS, Content+Cloud and the IPO of tech unicorn Auction Technology Group (ATG). ATG was the

Kneip acquires process automation and data transformation specialist Dataglide

KNEIP, a specialist in fund data management and reporting solutions for the asset management industry, has acquired Dataglide, a UK-based technology company specialised in data transformation and cloud-based automation. The acquisition brings significant technology expertise in-house, with microservices architecture and multi-tenant cloud computing, which will increase service quality and data

Boosted.ai Raises USD35m in Series B led by Ten Coves Capital

Boosted.ai, a distributed machine learning platform for global investment professionals, has closed a USD35 million Series B financing round, led by Ten Coves Capital and Spark Capital. Portage Ventures, Royal Bank of Canada (RBC) and HarbourVest Partners also participated in the round. Inclusive of seed capital, Boosted.ai’s total funding now

Alpha FX Group appoints Managing Director for new Luxembourg office

Alpha FX Group has appointed Nick Maton as Managing Director, Luxembourg. Maton has over 30 years’ experience in financial services, including managing and growing businesses in the Luxembourg markets, which is an area of strategic importance for the Group. He joins Alpha with an in-depth knowledge of the alternative investment

TPG invests in AnovoRx

TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, has made a significant minority investment in AnovoRx Holdings (Anovo), a provider of specialty pharmacy services and customised treatment and support programs that address the unique needs of patients with certain complex and chronic diseases.

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