Allocations
Global performance improvement solutions provider GP Strategies Corporation has acquired certain assets and the business of CLS Performance Solutions Limited (CLS), an independent provider of Enterprise Resource Planning (ERP) end user adoption and training services in the United Kingdom.
CLS will operate as part of GP Strategies’ Performance Readiness Solutions group effective September 1, 2017. This acquisition will extend GP Strategies’ ability to deliver ERP systems training and user adoption services in the United Kingdom and throughout Europe.
Deborah Ung, Executive Vice President of GP Strategies’ Performance Readiness Solutions group, says: “We have a long history of partnering with CLS
Funds managed by Foresight Group have provided a GBP40 million secured loan note facility for Reward Finance Group Limited.
Leeds headquartered Reward is an independent lender which provides secured loans to UK-based SMEs seeking more flexible finance, more promptly than mainstream lenders can deliver. Reward’s bespoke funding solutions take multiple assets as security, enabling the Company to provide short to medium term loans or invoice discounting facilities to support companies in a variety of different situations.
Founded in 2011 by the joint managing directors Tom Flannery and David Jones, Reward has delivered year on year growth in its loan
UK mid-market private equity firm LDC has backed multi-disciplinary engineering consultancy Patrick Parsons with a multi-million-pound development capital investment to support the firm’s UK expansion strategy together with the acquisition of infrastructure engineering specialist THDA.
Headquartered in Newcastle, Patrick Parsons has more than 250 specialist engineers and provides design services across civil, structural, geo-environmental and M&E disciplines to blue-chip clients in the residential, commercial and infrastructure sectors.
Some of the firm’s most notable projects include consulting on restoration works at Durham Cathedral and developing the world’s first modular flat packed white water course in Glasgow.
Under the leadership
The alternative assets industry reached a record size as of the end of 2016, according to the latest performance analysis data released by Preqin examining assets under management, horizon returns, public market equivalents and top performing funds.
Hedge funds saw their assets hit a record USD3.25 trillion, despite net investor outflows through the year. Private capital funds, meanwhile, increased their assets by over 7 per cent, from USD4.27 trillion as of the end of 2015 to USD4.59 trillion 12 months later. Private equity funds represent the largest proportion at USD2.58 trillion, followed by real estate (USD785 billion), private debt (USD605
Mooreland Partners, a provider of M&A and private capital advisory services to the global technology industry, has acted as the exclusive financial advisor to OptoFidelity, an automated test technology provider for smart devices, on its sale to Changyuan Group.
OptoFidelity Oy, based in Tampere, Finland, is a provider of innovative test and production solutions for mobile devices, sensors and electronics used in smart devices. The company is a supplier for a growing number of industry-leading consumer device OEMs.
“Mooreland is pleased to have facilitated another ground-breaking M&A transaction in the automated test technology space,” says Peter Globokar, Managing Director,
NOW Money has closed its bridge funding round with a total of USD1.46 million in commitments.
In addition to a recent US Venture Capital investment, this funding round includes USD700,000 from Dubai-based Venture Capital firm, Myrisoph Capital. Other contributions have come from private investors and MENA-based women’s investor network WAIN.
Myrisoph Capital focuses on investments into SMEs that want expert advice and mentorship to take their business to the next level. It invests specifically within the team’s core skill-set and expertise, and in territories they know well, ensuring they can provide the best support possible.
WAIN is the
OrbiMed, an investment firm focused on the healthcare sector, has closed its third Asia-focused private equity fund, OrbiMed Asia Partners III, LP, with approximately USD551 million in capital commitments.
Consistent with its predecessor funds, Asia Partners III will invest broadly across the Asian healthcare industry, with a focus on growth stage product- and services-oriented companies in China and India. The Fund will target investments from USD10 million to USD75 million per company across 15 to 20 opportunities. Where appropriate, Asia Partners III may co-invest with OrbiMed’s global team, enabling substantially larger investments and leveraging the full financial and strategic resources
StageOne Ventures, an early stage venture capital firm focusing on Israel-related technology startups, has closed ts third venture capital fund, with USD110 million in committed capital.
Led by Yuval Cohen, Yoav Samet, and Tal Slobodkin, with presence both in Tel Aviv and in Palo Alto, StageOne Ventures helps entrepreneurs traverse the Israel-Silicon Valley axis and build global businesses.
Stage One Venture Capital Fund III (StageOne III), the firm’s largest fund to date, closed at USD110 million after an oversubscribed fundraising process in summer 2017. StageOne III is backed primarily by StageOne’s existing LPs, with the addition of several prominent
Albion Capital is seeking to raise up to GBP38 million through top up offers for its six venture capital trusts (VCTs).
The fundraising targets GBP8 million for Kings Arms Yard VCT and GBP6 million across each of Albion’s other VCTs. Investments spread across all six portfolios will receive a monthly dividend with a yield of approximately 5.6 per cent, or 8.0 per cent after tax relief, a potentially attractive income source in the current low interest rate environment.
Investors who apply before 2pm on 31 October 2017 for the first GBP10 million of shares will be entitled to an “early
Withinlink CEO Bessie Lee (pictured), has announced the launch of the firm’s second venture capital fund this year – a new USD30 million fund that is aiming to bring startups to China.
“As our world globalises and China gentrifies, there has never been a better time to bridge the gap between Silicon Valley innovation and the China market,” says Lee. “Withinlink Venture Fund 2.0 will invest in US-based companies with products and services poised for takeoff in China.”
The new Withinlink fund, which follows a RMB fund which closed this past March, will target mid- to late-stage US media
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