Allocations
Gen Cap America, a private equity firm focused on lower middle-market buyouts, sold three of its portfolio companies in the final month of 2017: Thomas Pipe and Supply sold to Winsupply Inc; Air Transport Components (ATC) sold to Holder Family Investments and its partners; and International Systems of America (ISA) sold to Align Capital Partners.
Terms of the transactions have not been disclosed.
“These three companies represent the latest iterations of our firm’s long history and successful track record,” says Barney Byrd, President of Gen Cap. “Our business model is built upon our ability to successfully provide liquidity and
SpherePay, Singapore’s homegrown mobile payment app, has completed a fundraising round of over USD10 million.
With this latest round of funding and the affirmation of its strategic partnership with oBike since last December, SpherePay is well-placed to be the top three payment platforms in Southeast Asia. It currently serves over five million users and has more than 10,000 merchants in the region.
Last year, SpherePay announced its strategic partnership with oBike, Southeast Asia’s largest bike sharing operator. In a move that is set to deepen its partnership, SpherePay will integrate oBike’s operating system into its app. This means that
German technology venture capital investor Target Partners saw record portfolio fundraising results in 2017 with the startups financed by the firm raising more than EUR110 million in 25 financing rounds.
The total market cap of the Target Partners portfolio increased by EUR450 million and now exceeds EUR1 billion for the first time.
“Consumer-related startups historically got a lot of attention in Germany. Now, however, innovative technology startups are the ones shaping the future of our industry. Tech startups and tech venture capital are on the rise”, says Berthold von Freyberg, Partner and co-founder of Target Partners.
Target Partners
Tera Ventures is to raise a second seed fund, the Tera Ventures Fund II, which has a target size of EUR55 million.
The majority of the capital has been committed by some of the most prolific Estonian, pan-European, and global investors. The fund will invest in about 30 seed stage technology startups in Estonia, Scandinavia, and Central and Eastern Europe (CEE). The Tera team members have invested in early stage tech since 2009 and our relationships spread across highly lucrative regional tech hubs with untapped potential.
“We will explore new technologies and business models to support founders building the
Pemberton, a diversified asset manager backed by Legal & General Group, has provided senior term facilities to Cinesite Studios, an independent digital entertainment company.
Cinesite Studios, headquartered in London, produces award-winning feature animation and visual effects for the film and television industries. Productions it has worked on include Game of Thrones, Harry Potter, Skyfall, Thor, Fantastic Beasts & Where To Find Them, and The Commuter.
Pemberton will initially provide Cinesite with USD40 million for general funding and acquisition finance purposes. Pemberton will be supported by Barclays Corporate Banking, which will provide USD4 million of revolving credit facilities. Together, Pemberton
Mekong Capital’s Mekong Enterprise Fund II (MEF II) has completed the divestment of 100 per cent of its investment in Mobile World Investment Joint Stock Company (MobileWorld), the biggest mobile device and home appliance retailer in Vietnam.
This was the culmination of an exit process that began with a pre-listing private placement shortly before the 2014 public listing of MobileWorld on the Ho Chi Minh City Stock Exchange, and involved gradually selling blocks of shares to institutional investors approximately once per quarter after the listing. The final block of 5 million shares was sold at a price of VND165,000 per
NTR has closed three project debt facilities in recent weeks with AIB, Nord/LB and MUFG totalling a Euro equivalent of EUR66.5 million. Two of the debt facilities will be utilised to finance the construction of new wind farms, while the third is for the refinancing of a wind farm already in operation.
The new debt facilities are for Castlecraig, a 25MW wind farm located in County Tyrone, Northern Ireland using Nordex turbines and financed by First Trust Bank (AIB Group) (GBP33.6 million), and the Rathnacally wind farm located in County Cork using Senvion turbines and financed by Nord/LB (EUR9.6 million).
Duco, a data engineering technology company, has closed a USD28m investment round led by Insight Venture Partners, NEX Opportunities and Eight Roads Ventures. The round also includes an investment by lifetime entrepreneur and former CEO of SunGard, Cristóbal Conde.
Duco provides technology that enables banks, brokers, asset managers and exchanges to normalise, validate and reconcile any type of data in Duco’s cloud, providing firms with on-demand data integrity and insight. The company has seen rapid and global growth as the industry re-platforms, adopting advances in leading technology to eliminate operational risk and cost and making actionable data more immediately available
COPE Private Equity (COPE) has fully exited Serba Dinamik Holdings Berhad (Serba), capping a successful four-year investment in the integrated and specialised engineering services company.
COPE invested in a subsidiary of Serba for MYR35 mil (USD9 mil) in June 2013 via two of its private equity funds – COPE-KPF Opportunities 1 and COPE Opportunities 2.
Over the period of COPE’s investment, Serba grew its revenue 4.9-fold and net profits 5.3-fold. For the nine months ending 30 September 2017, Serba’s revenue and PAT was MYR1.9 billion (USD490 million) and MYR227 million (USD59 million) respectively.
The foundation of Serba’s growth
Calculus Capital, an Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) specialist, has reported a record year with GBP30 million invested and over 500 companies reviewed over the 12 months to 31 October 2017.
Calculus believes this is evidence of the strong appetite for EIS and VCT investments and the robust health of the UK’s SME sector, which provided the team with a diverse range of attractive opportunities across a broad spread of business areas.
John Glencross, Chief Executive of Calculus Capital, says: “We’ve been investing in SMEs for almost 20 years and have a highly experienced team,
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
