Allocations
Ares Management Corporation has completed its conversion to a corporation under Delaware law and changed its name from Ares Management to Ares Management Corporation.
Since Ares had already elected to be taxed as a corporation for US federal and state income tax purposes effective 1 March 2018, no material tax or financial changes are expected from the state law conversion.
Existing common and preferred shares of Ares Management have been converted into Class A common and Series A Preferred shares of Ares Management Corporation, respectively. Following the conversion, the Class A common shares will have voting rights equivalent to
Neotas, a ‘digital intelligence’ business which provides enhanced due diligence and HR screening, has closed a funding round of over GBP1 million backed by Symvan Capital, Force Over Mass and a number of private investors.
The London-based company analyses individuals’ ‘digital trails’ to provide deeper insights into their background, behaviour and networks. The service enables investors and employers to screen key personnel, safeguard their investments, mitigate against fraud and insider threats and evidence compliance standards.
Neotas’ advanced digital intelligence platform, which is operated by former military and intelligence analysts, leverages open source intelligence (OSINT). This includes analysis of international
A business which has developed a better and safer X-ray technology has completed a GBP1 million funding round which will allow it to bring its systems to market.
IBEX Innovations, which is based in Sedgefield, County Durham, has secured investment from the new North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia Fund Managers, and an existing investor, IP Group plc.
The funding, which will create 13 new jobs, will help drive adoption of the IBEX technology in the global healthcare market.
IBEX’s systems, which fit to existing X-ray machines, improve
Innova Capital, a CEE private equity fund, is to acquire 33 per cent of the shares in OSHEE, a provider of isotonic and functional drinks in the Polish market.
In the last 10 years, OSHEE became the indisputable leader on the Polish sports and vitamin functional beverage market, selling its products to 45 countries on 6 continents and generating revenues of approximately PLN250 million. In 2017, the Company acquired Kinga Pienińska, a high-quality mineral water producer in Poland. Following the integration of both companies and the expansion of the production facility, the production capacity in mineral water increased almost threefold.
Hogan Lovells has advised Monzo, a UK digital, mobile-only bank, on its biggest ever crowdfunding round. Monzo has just published a prospectus in connection with a GBP20 million raise from its existing customers.
This follows the close of GBP85 million of funding in October this year from General Catalyst, Accel and existing investors, on which Taylor Wessing advised.
The Hogan Lovells team was co-led by London Corporate Partners Richard Diffenthal and Daniel Simons, working alongside Monzo relationship Partner Jon Chertkow, assisted by Nagham Al-Turaihi and Peter Finch. The Taylor Wessing team was led by corporate technology specialists, Adrian Rainey
Private investment firm Atar Capital has completed the acquisition of Microcel Corporation, a distributor of technology products in Canada, partnering with Rick Henry, Founder of Microcel.
Henry will remain a shareholder and will continue as Microcel’s President and CEO. The transaction was officially closed on Monday 19 November 2018.
“We are excited to partner with Rick and the Microcel team on this transaction. We see tremendous opportunity in Canada’s growing retail and e-commerce markets,” says Cyrus Nikou, Founder and Managing Partner at Atar Capital. “Microcel’s best-in-class portfolio of brands within the Canadian consumer electronics space, complimented by Atar’s direct-to-consumer,
Lotus Clinical Research (Lotus) of Pasadena, California, has entered into a private equity partnership with DFW Capital Partners and has added Jeffrey Kinell and Kurt Brykman to its board of directors in conjunction with the investment.
Kinell was previously the CEO of Bracket Global, a leader in the clinical trials technology space, and CEO of CRI Lifetree, a leader in clinical trials for special populations (subsequently acquired by PRA). Brykman was previously a divisional president of PAREXEL International, the third-largest CRO worldwide, and COO of Medpace, a specialty CRO which provides expertise in executing scientifically challenging trials.
Lotus is an internationally
Palatine Private Equity has completed the secondary buyout of CET UK, a specialist provider of infrastructure and property assurance services.
Palatine has taken a majority stake in the company, which employs over 470 staff and was established in 1989 in Castle Donington. The deal was supported by debt and working capital facilities from Clydesdale and Yorkshire Bank Acquisition Finance and Beechbook Capital.
The property assurance arm of the business provides specialist claim response, property risk investigation and issue mitigation services for the UK insurance claims sector. CET’s infrastructure division operates from a nationwide network of regional offices and UKAS
SteelEye, a compliance technology and data analytics firm, has completed a GBP2.9 million fundraise extension led by capital markets venture capital firm, Illuminate Financial, bringing the total seed funds raised to GBP5.7 million.
The funding will help drive the expansion of SteelEye’s products and services and its ability to serve a growing client base during a time of rapid regulatory change.
SteelEye’s innovative cloud based solutions helps clients to solve compliance challenges for MiFID II, MAR, EMIR, Dodd Frank and other international regulatory obligations. SteelEye brings together order, trade, market and reference data along with communications (electronic and
Private equity investor EmergeVest has consolidated ownership of six of the UK’s leading logistics companies to create EV Cargo, one of the UK’s largest providers of transport, logistics and freight-forwarding services and logistics technology, and a global supply chain company operating in more than 120 countries.
With GBP850 million of revenue annually, EV Cargo is now the largest privately-owned logistics business in the UK, providing mission-critical supply chain services to leading brands.
EV Cargo has been created by the consolidation of Adjuno, Allport Cargo Services, CM Downton, Jigsaw, NFT and Palletforce into a single corporate structure. The new firm
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
