Allocations
Mid Atlantic Capital Group, a provider of custody, brokerage, trade processing, and financial services technology is to partner with Parthenon Capital Partners, a growth-oriented private equity firm, and Waterfall Asset Management, an alternative asset manager.
The transaction, which will not be consummated until applicable regulatory approvals (including an approval from South Dakota Division of Banking) are obtained, will provide Mid Atlantic with an opportunity to leverage the investors’ experience and resources to accelerate the development of and investment in client-centric technology, products, services and people. The transaction will also position Mid Atlantic to grow through organic initiatives and opportunistic strategic
The Finance Durham Fund, established by Durham County Council and managed by Maven Capital Partners (Maven), has helped raise GBP850,000 for insurance technology start-up, Honcho Markets Ltd.
The Finance Durham Fund provided GBP150,000 of the total investment with CrowdCube investors providing the remaining GBP700,000. Funds raised will be used to complete the final build of the software and launch the product later in 2018, creating three new jobs based in Durham.
honcho’s software is an alternative to price comparison websites (PCWs), and aims to disrupt the market by providing consumers with a new way to buy insurance products reducing
New York-based private equity firm Delos Capital has acquired Sage Metals Limited, a manufacturer of specialty metal products serving the North American electrical, power utility, industrial, and drainage end markets.
Sage Metals was founded over 30 years ago and is based in Delhi, India.
Delos acquired Sage from its founders, Vinod K Agarwal and SP Agarwal, and partnered with one of the owners, R Krishnan, and a new US based management team in the transaction. Delos raised acquisition financing from Olympus Capital Asia Credit and SSG Capital Management.
“Delos is excited to partner with the Sage management team
ARQIS has advised Stuttgart-based BIMwelt Systems on its Series A financing round, led by BitStone Capital and Zech Group.
BIMwelt Systems is a specialist in the field of 3D Building Information Modeling (BIM) – a planning method in which all those involved in the planning process can be integrated into the various projects and networked and thus access relevant component information. BIMwelt Systems is currently the only worldwide supplier that can create BIM content automatically, connect BIM software solutions directly, map sales and consulting on a database-based platform, and who already co-operates with well-known component manufacturers.
The ARQIS team,
GALA Kerzen, a leading manufacturer of candles backed by Equistone Partners Europe (Equistone), has acquired a majority stake in the Berlin-based candle manufacturer JuwelKerze (JuwelKerze).
This follows GALA Kerzen’s recent acquisition of a majority stake in Indian manufacturer Ramesh Flowers.
Through these acquisitions, GALA Kerzen is positioning itself widely and developing significant synergies within a global network. The founders of JuwelKerze, Martin Werle and Marius Stolarski, will retain a shareholding in the company as well as receiving a significant interest in the GALA Kerzen group. The financial terms of the deal are undisclosed and completion remains subject to the
Noerr has advised the Lendico Group, a specialist in business lending, on the first major takeover of a fintech company by a bank in Germany.
The buyer is ING Deutschland GmbH, the parent company of ING-DiBa AG. The parties have agreed not to disclose the purchase price.
The Noerr team which advised on this transaction was headed by the Partner Hans Radau and the Senior Associate Armin Bartsch. Both have extensive expertise in advising fintech companies and have, besides Lendico, advised the online lending platforms Zencap and Spotcap and the Chicago fintech company Joinesty on its European market entry.
MPC Capital, an international real assets investment manager, has formed a joint venture with Martifer Renewables, a developer of wind and solar energy projects.
MPC Capital and Martifer Renewables will form a strategic partnership cultivating and supporting distributed generation and utility scale solar PV and wind renewable energy products throughout Colombia.
“We are excited to expand our regional development efforts into the Colombian market and to take advantage of highly attractive, niche investment opportunities,” says Dr Roman Rocke, Management Board Member, MPC Capital. “This partnership illustrates our on-going commitment to expanding our renewables infrastructure investment platform and activities in
Private equity firm TA Associates has completed a majority investment in Confluence, a global leader in investment data management automation for regulatory, investor communications and performance reporting. Financial terms of the transaction have not been disclosed.
Founded in 1991, Confluence is a financial services data management software platform that offers mission-critical regulatory, investor communications and performance reporting solutions to the global asset management industry. The company serves several of the top global fund administrators and asset managers, and over 90 per cent of the United States mutual fund market. Confluence is uniquely positioned as the only unified data-driven software platform
Tikehau Capital has agreed to participate in the IPO of DWS Group (DWS) with a EUR250 million order that is valid throughout the price range of EUR30.00 to EUR36.00 per share that was announced on 11 March 2018.
Tikehau has initiated discussions with DWS on potential areas of cooperation, including alternative asset management distribution.
Antoine Flamarion, co-founder of Tikehau Capital, says: “Tikehau Capital welcomes the prospect of being an anchor investor in DWS. We have identified meaningful areas of mutual cooperation and complementarities and we look forward to working together on the implementation of our respective growth strategies.”
JZ Capital Partners Limited has sold Paragon Water Systems (Paragon) to Culligan Water for USD16.2 million in gross proceeds (including escrows), representing an increase of approximately USD3.7 million, or 29.6 per cent on the carrying value of Paragon of approximately USD12.5 million as of 31 January 2018.
In addition to increasing JZCP’s overall NAV as of 31 January 2018 by 0.4 per cent, this transaction represents a gross multiple of invested capital (MOIC) of approximately 1.8x and a gross internal rate of return (“IRR”) of approximately 18.4 per cent.
Founded in 1988 and headquartered in Tampa, Florida, Paragon develops and
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
