Puma Investments has completed two deals within the residential care home sector totalling GBP11 million. The monies invested will fund the development and initial operation of two purpose built, modern care homes in partnership with established operator Abbey Healthcare. Abbey Healthcare  is owned by Prabhdyal Sodhi and currently operates a portfolio of 16 homes with 1,279 beds across the UK.   The first investment is a GBP6 million deal in Hamilton, Scotland to facilitate the development of a new-build 112 bed care home, all with en suite wet room facilities. The second is a GBP5 million investment to facilitate the

EY has signed a membership deal with Innovate Finance, the global FinTech association based in the UK, as part of its commitment to build its FinTech practice and champion the UK as the world’s global hub for FinTech innovation.  Innovate Finance already has a community of over 120 FinTech companies, including startups, established financial services institutions and two USD1 billion unicorns, but EY will be the only Big Four member organisation. Under the agreement EY will pilot a unique talent program in which EY staff will be seconded into the Innovate Finance member community for three month periods to help

Immune Pharmaceuticals Inc has secured financings of up to USD21.5 million through two financing agreements. The first, with Hercules Technology Growth Capital, for a term loan of up to USD9.5 million. The second agreement, with mutual fund Discover Growth Fund, for the sale to Discover of newly created Series D Redeemable Convertible Preferred Stock for up to USD12 million in gross proceeds to the company. Immune received USD13.5 million in gross proceeds: USD9.0 million from Discover and USD4.5 million from Hercules, following the execution of the two agreements. Immune expects to receive an additional USD3.0 million from Discover upon an

PrivateEuity.biz, Israel’s first online secondary trading arena, has signed a series of agreements with senior employees who own shares in high-tech companies, including leading pre-IPO Israeli and North American start-ups.  Following the agreements, which have been signed during the past few weeks, shares held by 14 employees at US, Canadian, and Israeli high-tech companies are currently being presented for sale on the PrivateEuity.biz trading arena.    The North American companies whose employees are presenting shares for sale include Jumio (United States), shares of which are also available on US platform SharesPost; DoubleVerify (United States); and QuickMobile (Canada). The Israeli companies

Audible founder and CEO Donald Katz (pictured), Prudential Financial Vice Chairman Mark Grier and other leaders announced the formation of Newark Venture Partners at an event attended by Senator Cory Booker, Newark Mayor Ras Baraka, Acting Governor of New Jersey Kim Guadagno, former New Jersey Governor Thomas Kean, former Nebraska Governor and US Senator Bob Kerrey. Newark Venture Partners leaders will manage an early-stage investment fund that will provide capital as well as sophisticated company-building services and a collaborative state-of-the-art 25,000-square-foot accelerator workspace with lightning-fast Wi-Fi and ultra-high bandwidth access to the Internet for innovative tech start-ups in Newark.  

The former team of Plymouth Exploration has formed Triumph Energy Partners with a USD100 million equity commitment from Kayne Anderson Energy Funds and members of the management team. Triumph is a private exploration and production company formed to pursue the acquisition and development of oil and natural gas assets with a focus towards historically productive reservoirs with identifiable upside through modern drilling and completion techniques. The Company will focus on opportunities in the Mid-Continent region. The Triumph management team is led by Jack Kueser, Joel Blake, Kyle Hill and Kerby Hunt who were previously the core senior management team of

AMP Capital and 3i Infrastructure plc (3i Infrastructure) have entered into an agreement to jointly acquire 100 per cent of Danish company ESVAGT from Maersk Group.   AMP Capital is investing approximately GBP109 million to acquire a 50 per cent interest in ESVAGT and will have an equal shareholding with 3i Infrastructure.   Headquartered in Esbjerg, Esvagt has been operating since 1981.  It is a leading provider of emergency response and rescue services in the offshore oil and gas industry in Denmark and Norway, and has a growing presence in the UK and offshore wind services segments.  Esvagt employs more

LSQ Funding Group has received USD40 million of capital from Ares Capital Corporation (NASDAQ: ARCC), the largest business development company in the United States.  This USD40 million financing is in addition to the more than USD100 million investment in April led by Lovell Minnick Partners LLC, a private equity firm that specialises in the global financial services industry. “I’m thrilled that another high-quality institutional investor is supporting our mission to simplify and streamline access to invoice financing for businesses of all sizes,” says LSQ Funding’s CEO and founder Max Eliscu. “We will use this capital to accelerate our plans, reinventing