Allocations
Blockchain for private equity firm Swarm has partnered with decentralised autonomous organisation MakerDAO to integrate the Dai token into the Swarm platform.
Swarm writes that this will give Swarm’s community of accredited investors a greater capability to lock in crypto prices, using the world’s first decentralised stablecoin on the Ethereum blockchain.
“When we connected with the MakerDAO team, we found them to be like-minded, community-focused technologists. Our cooperative relationship will provide new ways for our investors to create and protect their value,” says Philipp Pieper (pictured), CEO and Co-Founder of Swarm. “It removes what has been perceived as
Holger Mertens, Senior Portfolio Manager, Global Credit and Chia Woon Khien, Senior Portfolio Manager, Fixed Income at Nikko Asset Management examine the future for Chinese bonds in major indices…
In our publication “Will Investors be ready when Chinese bonds go global?” last October we raised the expectation that Chinese bonds could become eligible for inclusion in major bond indices. In March 2018, Bloomberg announced a conditional decision to include Chinese bonds in its flagship bond index: Bloomberg Barclays Global Aggregate, starting from April 2019. The index provider also intends to include China in the Global Treasury and the EM Local
Great Rock Capital, an asset-focused commercial finance company specialising in middle market lending, has closed a USD12 million senior secured credit facility to toy manufacturer and seller Imperial Toy.
The new capital will provide Imperial Toy with the financial flexibility needed to increase business production and position the firm for accelerated growth.
“The partnership with Great Rock Capital provides Imperial with the capital needed to drive our continued growth and position the firm for sustained success,” says Peter Tiger, CEO of Imperial Toy. “We look forward to working with the Great Rock team to further execute on our growth objectives.”
“Imperial continues
High Road Capital Partners has completed the acquisition of Nolan Power Group, which will be combined with Storage Battery Systems (SBS). High Road acquired SBS in May 2017 in the seventh platform acquisition for High Road Capital Partners Fund II.
Based in Mandeville, Louisiana, Nolan Power Group is the Gulf Region’s premier provider of stationary power management solutions. It supplies and services reserve power batteries, stationary batteries, chargers and rectifiers, DC power systems, uninterruptible power supply (UPS) systems and supporting products for applications across the industrial, manufacturing, oil and gas, data centre and telecommunications markets.
“Nolan Power Group is
Periscope Equity (Periscope), a Chicago-based private equity firm, has completed the final closing of its first institutional fund. Periscope Equity I exceeded its target closing with more than USD104 million of committed capital.
Periscope received fund commitments from a distinguished group of limited partners, including endowments, pension funds, charitable foundations, fund-of-funds, family offices and high net worth individuals.
“Since its inception, we have successfully executed our strategy of transforming smaller technology-enabled business services companies into great investments, by partnering with, and building, dynamic management teams,” says Periscope Partner, Steve Jarmel. “Assembling a well-respected group of sophisticated investors validates our
Wild Bunch SA, a wholly owned subsidiary of European film distribution and sales company Wild Bunch AG, has agreed a refinancing deal with SWB Finance, part of the Sapinda Group.
As part of this plan SWB Finance will assume the company’s existing financial liabilities for a total amount of EUR62.7 million, out of which EUR36.6 million will be contributed into the equity of Wild Bunch AG.
In addition, the creditors of the 8 per cent corporate bond issued in 2016 with a total nominal amount of EUR18 million are to resolve the conversion of all bonds into new shares
Superion, TriTech and Aptean; three technology companies that offer solutions for public safety and public administration agencies, are to merge to create a new business focused on building software that solves some of the most critical issues facing local governments.
The combination of Superion, TriTech, and the public sector and healthcare business of Aptean will offer a broad suite of software solutions to serve agencies of all sizes across North America. The transaction is the largest investment focused exclusively on developing software for the public sector.
The new company will maintain all current products from each business while investing
Alternative investment group Tages is to acquire a stake in VAM Investments, a private equity investment holding company specialising in growth capital and buyouts.
This strategic partnership marks Tages’ entry into the private equity sector as it continues to grow its business lines across alternative asset classes.
Under the agreement, Tages will acquire an initial 34 per cent of VAM Investments, while Francesco Trapani (pictured), a shareholder of Tages since the beginning of 2017, Deputy Chairman and member of the Board of Directors, will take a stake of 15 per cent via a direct investment.
Trapani will also
SME funding partner, Ultimate Finance, has reached a new lending milestone, with almost GBP200 million available to small and medium-sized businesses across the UK.
The figures from the first half of 2018 show a 42.3 per cent increase in cash to customers for the alternative finance specialist, which has recorded growth of 150 per cent since it was acquired by independent investment firm Tavistock Group, in July 2015.
Ultimate Finance has seen particularly strong developments across a number of its specialist products with Bridging Finance increasing by 260 per cent, and now sitting at almost GBP30 million of funds
Clyde Blowers Capital (CBC) is to sell precision motion control expert, Cone Drive, to The Timken Company (TKR), subject to customary government and regulatory approvals.
Since acquiring Cone Drive in 2012, CBC has repositioned Cone Drive from an industrial gearing company operating largely out of North America to a globally integrated business with operations on three continents serving a wide range of precision motion control technology markets.
The acquisition of H-Fang, based in Jiangyin, China, in 2014 represented a key milestone in the geographic expansion of the business and also provided Cone Drive access to the fast growing China
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
