Allocations
The State Street Global Exchange SM Private Equity Index (GXPEI) ended the second quarter of 2017 with continued strong performance of 3.96 per cent, in line with the 3.95 per cent return posted in the first quarter.
The GXPEI is based on directly-sourced limited partnership data and represents more than USD2.5 trillion in private equity investments, with more than 2,800 unique private equity partnerships, as of 30 June 2017.
“European funds had a very strong quarter, partly driven by a weaker US dollar,” says Will Kinlaw, senior managing director and global head of State Street Associates®, a division of
Vestar Capital Partners (Vestar) is to acquire to acquire Nonni’s Food Group (Nonni’s), a manufacturer of artisanal biscuits and other baked snacks from Wind Point Partners.
Terms of the transaction, which is expected to close in the fourth quarter of 2017, have not been disclosed.
Nonni’s products are marketed under the Nonni’s, THINaddictives, and La Dolce Vita brand names, and sold through a diverse distribution platform that includes major customers in club, grocery, mass market, foodservice, and online retailing.
“Our partnership with Wind Point has been extraordinarily successful and we thank them for their support and contributions to
Western NIS Enterprise Fund (WNISEF) has launched U.Ventures, a new fund focusing on investing in early stage technology startups from Ukraine and Moldova.
U.Ventures will invest in early stage companies, from Seed to Series A, with investments ranging from USD100,000 to USD500,000. U.Ventures will back start-ups from Ukraine and Moldova that typically have a product with first traction, targeting large addressable markets, with a technology edge, driven by motivated teams with proven track record, and reputable co-investors.
To date U.Ventures has invested just over USD2.3 million in six companies which are emerging leaders in their segments, quickly expanding into
Apellis Pharmaceuticals, a portfolio company of early-stage venture capital fund Epidarex Capital, has completed its initial public offering (IPO).
Apellis began trading on the NASDAQ Global Select Market under the ticker symbol “APLS” on Thursday, 9 November. Having raised gross proceeds of circa USD150 million from the offering.
Epidarex and its predecessor fund, MASA Life Science Ventures, were among the company’s earliest backers, funding the development of the company’s core technology shortly after its spin-out from the University of Pennsylvania. Sinclair Dunlop, Co-founder and Managing Partner of Epidarex, having served on the Board of Directors since the initial investment,
The BOW Group has closed its series B funding round led by PM Equity Partner (PMEP). NextStage, an investment company listed on the Euronext Paris regulated exchange, also participated.
BOW (Be Over the World) Group is a consumer-driven Internet-of-Things (IOT) specialist, operating worldwide in the wearables, connected vehicles and smart home markets with three distinct brands MyKronoz, RoadEyes and Deconnect.
“This new round of funding will enable us to expand our international presence to 100 countries by 2018 and to consolidate our leadership position in Europe while accelerating the development of innovative products and services within the IOT space.
Ecological Service Partners (ESP) has secured a USD250 million equity commitment from its financial partners. The new financing will support ESP’s activities in large-scale ecological restoration of damaged wetlands, streams and habitats for endangered species, as well as in enhancing water quality for offsets to nutrient impacts.
With USD250 million of committed equity capital, ESP is now one of the best capitalised operators in the ecological service market, enabling ESP to restore thousands of acres of wetlands and hundreds of miles of impacted streams. ESP will also opportunistically pursue strategic acquisitions in the US.
ESP founders, Jud Hill and
NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group (TOKYO:9432) is to acquire Secure-24 Intermediate Holdings (Secure-24), a US-based managed services provider from private equity firm Pamlico Capital.
Secure-24 specialises in delivering effective, comprehensive managed services that leverage proprietary, highly automated operation tools. Its clients represent Fortune 1000 companies in sectors including manufacturing, finance, pharmaceuticals, healthcare, insurance, government, transportation and more.
NTT Com will leverage Secure-24’s extensive portfolio of managed application and database services, including SAP, SAP HANA, Oracle, Hyperion, JD Edwards, Microsoft, Epic, custom, industry and other mission-critical applications.
“This
Post Oak Energy Capital has held the closing of Post Oak Energy Partners IV at its hard cap of USD600 million.
The fund will pursue the same strategy as its first three funds (Post Oak Energy Partners, Post Oak Energy Partners II, and Post Oak Energy Partners III) with equity investments in North American oil and gas companies, oilfield services and related infrastructure. Funding from Post Oak will continue to be used for growth capital, development acceleration, acquisitions and recapitalisation purposes.
Post Oak Energy Partners III, LP continues to have available new investment capacity and Post Oak expects to
Roomi, a peer-to-peer marketplace providing a safe, easy way to search for shared housing, has raised USD11 million in Series A funding, with Atami Capital leading the round, bringing their total funding to USD17 million.
Brain Epp, Head of Direct Investments at Atami Capital, says: “We decided to invest in Roomi because shared housing is a growing global trend and is becoming a lifestyle choice for Generation Z and Millennials. We believe Roomi is the clear market leader in peer-to-peer shared housing in NYC and we intend to support Roomi expand further in the US and globally.”
Roomi officially
Political uncertainty has suppressed deal volume and value almost everywhere, except in China, according to the Q4 edition of BDO’s global mid-market M&A review, Horizons.
Nevertheless says BDO, the steep downtrend of Q1 2017 having been broken and with record amounts of dry powder in private equity offers, firms around the world will aggressively seek quality assets in 2018.
In Europe, Q3 2017 was a challenging quarter as both volumes and deal value fell: however, the United Kingdom & Ireland were one of the very few to record a strong performance in terms of both deal volume and value,
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
