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Intelligence

Crosspoint Capital Partners makes USD50m growth equity investment in Afero

Crosspoint Capital Partners (Crosspoint Capital), a private equity firm focused on the cybersecurity, privacy and infrastructure software markets, has led a USD50 million Series C investment in Afero, a provider of turnkey Internet of Things (IoT) Platform as a Service (Paas) solutions that bring secure connectivity to IoT devices. The

PE-backed Exegy adds two to international sales team

Exegy Incorporated, a provider of market data and trading infrastructure to the financial services industry, and a portfolio company of Marlin Equity Partners, has added two experienced industry professionals to its global sales organisation. Devry Ross joins Exegy as Global Head of Partners, while Jared Singer has joined the firm

US Bank completes acquisition of PFM Asset Management

US Bank subsidiary, US Bancorp Asset Management, has closed on the acquisition of PFM Asset Management (PFMAM) originally announced on 8 July. PFM Asset Management will continue to operate as a separate registered investment advisor. As part of the acquisition, more than 250 PFM Asset Management employees have joined US

MillTechFX and Investec Bank launch new FX solution for fund managers

MillTechFX, the FinTech affiliate of Millennium Global Investments, has partnered with Investec Bank to provide fund managers with a margin-free foreign exchange (FX) hedging solution which enables transparent best execution across 10-plus counterparty banks without the cash drag associated with having to fund initial and variation margin calls. 

Maples Group adds partner to London Funds Practice

Maples and Calder, the Maples Group’s law firm, has relocated one of its experienced Funds & Investment Management Partners – Dan Beckett – from its Cayman Islands office to London.  Beckett, who has been with the firm for over 14 years and advises on the formation of both open-ended and

Angelo Gordon appoints Head of ESG

Alternative investment firm Angelo Gordon has appointed Allison Binns, former Executive Director for Global Sustainability Research at Morgan Stanley, as Head of Environmental, Social & Governance (ESG) and Sustainable Investing Strategies.  In this new role, Binns will lead and drive a best-in-class, strategic approach to ESG integration and opportunity across

WATI.io raises USD10m in Series A round led by Sequoia Capital India

WATI.io (WhatsApp Team Inbox), a comprehensive WhatsApp customer engagement tool for small businesses, has raised USD8.3 million in a Series A round led by Sequoia Capital India. Surge, Base Partners and several prominent angels including Gokul Rajaram, a member of the DoorDash executive team, also participated in the round. 

Meridian Adhesives Group acquires American Sealants

Meridian Adhesives Group (Meridian) has acquired American Sealants Inc (ASI), a specialist in product assembly adhesives and sealants.  Financial terms of the deal, which will see ASI will join Meridian’s Industrial Division, have not been disclosed. 

HCI Equity Partners-backed Tech24 acquires RMS Mechanical Services

Tech24, backed by private equity firm HCI Equity Partners, has acquired RMS Mechanical Services.  Tech24 is a US provider of repair and maintenance services for food service and commercial HVAC equipment. Financial terms of the deal, which is Tech24’s seventh add-on acquisition in the foodservice repair and maintenance market, have

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