Allocations
Tikehau Capital has arranged a USD130 million dual currency unitranche facility to support Sun Capital Partners’ acquisition of C&K Holdings, a manufacturer of electromechanical switches.
C&K was founded in 1928 and has one of the industry’s broadest product portfolios, offering more than 55,000 standard products and 8.5 million switch combinations to companies that design, manufacture and distribute electronics products. In addition, C&K’s unmatched custom design capabilities are recognised globally by engineers who demand reliable switch performance.
C&K is headquartered in Newton, Massachusetts, with more than 1,500 employees working at its global design centre in Newton; Dole, France; and Huizhou, China. C&K
Siparex has raised EUR315 million in capital commitments for Siparex ETI 4, the firm’s fourth-generation fund, which will focus on helping mid-market firms expand.
The new fund is significantly larger than the previous-generation fund, Siparex Midmarket 3, and has greatly increased Siparex’s investment capability in the midmarket segment.
With the goal of financing independent midmarket growth companies with sales of EUR100 million to 500 million, Siparex ETI 4 is positioned to make unit investments of up to EUR30 million in a relatively small portfolio of some 15 investee companies.
By doubling their commitments to the new fund (on average), historic
Marwyn Value Investors has reported a 4.94 per cent increase in Net Asset Valaue (NAV) per ordinary share for the six months ended 30 June 2017, representing a 6.87 per cent total return including distributions to shareholders, compared with an increase in value of the FTSE AllÂShare of 5.50 per cent over the same period.
The NAV per realisation share over the period increased by 8.84 per cent. The increases in NAV per ordinary share and per realisation share over the period are primarily attributable to an increase in the share prices of Zegona Communications plc (Zegona) and BCA Marketplace
Later stage VC and growth capital firm IVP has closed IVP XVI, a USD1.5 billion fund. This is the largest fund in the firm’s 37-year history and brings cumulative committed capital to USD7 billion.
IVP XVI was significantly oversubscribed, with the firm’s existing Limited Partners contributing the vast majority of the capital.
As an investor in innovative companies such as AppDynamics, Domo, Dropbox, The Honest Company, Slack, Snap, Supercell, Twitter, and ZipRecruiter, IVP remains committed to its focused strategy of supporting innovation at the growth stage and partnering closely with exceptional management teams throughout the United States. Since its
Britbots, the mentoring organisation devoted to supporting British-based robotics start-ups, has launched Britbots CROWD, the world’s first dedicated equity crowd-funding platform for high potential companies in field of robotics and associated technologies.
Many of the companies listed will have already been backed by the British Robotics Seed Fund, which raised in excess of GBP500,000 in its first fund, and will announce the opening of its second fund later this autumn.
As automation and robotisation drive significant productivity improvements across the global economy, the Britbots CROWD platform gives private investors the opportunity to build up a personal share-portfolio comprising of
Coinsilium, an investor that finances and manages the development of early-stage blockchain technology companies, has announced its interim results for the six months ended 30 June 2017.
The company has reported total comprehensive income, which includes fair value gain on available for sale financial assets, of GBP290,210 (H1 2016: loss of GBP258,533). The loss for the period from continuing operations reduced by 24 per cent to GBP205,378, (H1 2016: loss of GBP269,756), while the loss per share of GBP0.02 compares with a loss of GBP0.04 for H1 2016).
Available for sale financial assets amounted to GBP1.6 million at 30 June 2017 (31 December 2016:
Home Inc, a social e-commerce platform for the home furnishing industry, has completed a USD5 million Series A+ round of financing led by Sky9 Capital with participation from existing investor Capital Today.
Home Inc is a social e-commerce platform for furniture and home furnishings in China. The Hangzhou-based company provides an online platform that utilises an innovative, sharing-economy approach to sales and marketing, connecting prospective customers with prior customers both online and offline. The company is different from other furniture e-commerce companies because it provides a network of virtual showrooms, called “Lifestyle Homes”, for prospective customers to personally experience the products
Actua Corporation has entered into separate agreements to sell its three majority-owned businesses – VelocityEHS, Bolt Solutions and FolioDynamix – for an aggregate of USD549 million in cash.
The sales are the result of the Board’s comprehensive review of a range of strategic options to maximise stockholder value, which was undertaken with the support of independent financial and legal advisors.
The Company expects to realise aggregate cash proceeds in the range of between approximately USD472 million and approximately USD502 million and does not currently expect to pay material federal taxes in connection with the transactions. Following completion of the
RNC Minerals (RNC) has entered into a USD4 million 18-month Convertible Term Debt Facility with Pala Investments Limited (Pala).
Mark Selby, President and CEO, says: “I am pleased to have this investment by Pala, one of the world’s leading mining private equity groups and an investment leader in the battery materials sector. This investment highlights the position of the Dumont Nickel Project as one of the world’s largest resources of both nickel and cobalt, two key components of the batteries used in the growing electric vehicle market. Dumont is the only fully permitted, shovel ready, large scale nickel and cobalt project
M&A specialists from Carey Olsen’s Guernsey corporate team have advised long-standing client and Toronto Stock Exchange (TSX)-listed Avnel Gold Mining Limited (Avnel) on its successful acquisition by TSX-listed Endeavour Mining Corporation (Endeavour) by way of a Guernsey scheme of arrangement.
Endeavour, a premier intermediate gold producer focussed on assets in the West African region, has acquired all of the issued and outstanding ordinary shares of Avnel in exchange for the issue of new Endeavour shares.
Avnel is a gold mining, exploration and development company with operations in southwestern Mali in West Africa. Its focus is to develop its 80
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