Allocations
Private equity firm Corsair Capital (Corsair) has made a majority investment in ZEDRA Group (ZEDRA), a specialist in trust, corporate and fund services.
Corsair has a long and successful track record of growing financial services firms across a diverse range of sectors, and its partnership with ZEDRA will support the firm’s continued growth and global expansion.
ZEDRA’s network covers 13 jurisdictions across 15 offices in Asia, Oceania, the Americas and Europe. Its team of nearly 500 industry experts creates and delivers bespoke trust, corporate and fund services solutions to clients, including high-net-worth individuals and their families, international corporations, institutional
MPOWER Financing, a fintech company providing educational loans to high-potential international and DACA students, has completed its largest funding round to-date with USD110 million in new financing for students enrolling in major US universities.
This latest round, led by Gray Matters Capital and Community Investment Management (CIM), will be used to support new product growth and technology enhancements as well as to finance MPOWER Financing’s expanding student loan portfolio.
“We co-created a unique type of debt with Community Investment Management’s leadership team. This USD100 million is just the beginning of MPOWER’s Capital Markets roadmap,” says Mike Davis, MPOWER Financing
MicroVest, a global impact investing asset management firm with USD368 million AUM, has appointed Phyllis Caldwell and Greg Gaeddert as new board members, effective November 2018.
“We are thrilled to welcome Phyllis and Greg to our board at a very exciting time,” says MicroVest CEO Gil Crawford (pictured). “Phyllis’ experience in fixed income and Greg’s expertise in scaling private funds will help us reach more underserved communities and meet our ambitious growth goals.”
Caldwell has over 20 years of experience in the banking industry and comes with a background in community development finance. She brings important fixed income expertise
Main Post Partners, a San Francisco-based private equity firm with deep experience investing in growth companies across the consumer value chain, has held the final closing of its second fund, Main Post Growth Capital II, with USD700 million of capital commitments.
The Fund was oversubscribed and closed at its hard cap less than three months after its official launch. Main Post completed its inaugural fundraise in 2016 with USD400 million of limited partner capital commitments, well in excess of its initial target of USD250 million.
“This Fund is an important milestone for our firm and we are very appreciative to have substantial support from our
InMotion Ventures, Jaguar Land Rover’s venture capital fund, has made a seed investment in WeTrip, a digital platform aiming to simplify group holiday planning and booking.
InMotion’s seed stage funding will support WeTrip in its global ambition to become the go-to digital platform for booking personalised group experience holidays. In August 2017, the company raised USD1m funding to launch WeSki, a platform that allows groups to share responsibility for booking complete, tailor-made ski holidays.
Sebastian Peck, Managing Director, InMotion Ventures, says: “As well as investing in the future of mobility, our fund seeks to back companies that are enabling
Inflexion Private Equity has completed the buyout of MYCOM OSI, a provider of service assurance software to global telecommunication companies. The investment was made by Inflexion Buyout Fund V, the company’s dedicated mid-market buyout fund.
The business is poised for significant future growth as telecommunications companies transform to offer new digital, IoT and 5G services whilst adopting automated solutions to reduce operational costs. MYCOM OSI is well positioned as it leads the industry with its cloud-based automated assurance solution enhanced with AI/Machine Learning.
Simon Turner, Managing Partner of Inflexion, says: “The team at MYCOM OSI have built up
Connection Capital, a specialist private client investment business, is enhancing its private debt solution to meet growing demand from SMEs for flexible finance options to fund growth and support business strategy.
The private debt offering, which was launched last year, will now fund financing requirements of GBP3-10million – up to twice its original level of GBP2-5million. This will provide more small and medium-sized businesses with an alternative to bank lending or equity investment which can be tailored to fit their specific needs.
Connection Capital has already completed almost twice as much private debt lending this year as the previous
Foresight Group (Foresight) has made a GBP249,000 equity investment into Footfalls and Heartbeats Limited through the Midlands Engine Investment Fund (MEIF).
Based in Nottingham, Footfalls has developed a revolutionary and proprietary process for manufacturing smart fabric, which uses nano-scale interactions within the textile to make the fabric itself the sensor. This technology can be used in medical applications such as bandages or within sports apparel and shoes, monitoring the pressure being exerted on a specific body part and transmitting data in real time, wirelessly to a receiver.
Investment from the MEIF will be used for continued development of product
Fersa Group has acquired 100 per cent of the Austrian company NKE Austria, completing a ‘deal’ that began in 2016, when the Spanish company purchased 49 per cent of NKE shares.
With the acquisition of the remaining 51 per cent, the Austrian company is now wholly owned by Fersa and the business group offers two commercial bearing brands – Fersa for the automotive sector and NKE for the industrial sector. Fersa has not ruled out incorporating new brands into its portfolio in the near future.
The merger strengthens the group’s presence in central Europe – part of the company’s
Manchester-headquartered Eque2, a construction, contracting and housebuilding software specialist, has seen a year of strong growth following a multi-million-pound capital injection by mid-market private equity firm LDC.
Since the investment in November 2017, the company has recorded double digit revenue growth. For the financial year ending April 2018 the business reported revenues of GBP12.9 million, up 13 per cent year-on-year, and is now on track to hit revenues of more than GBP15 million for the current financial year, with its order book up 40 per cent over the same period.
Over the past 12 months, alongside adding over 200
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