Allocations
Private investment firm Inverness Graham has sold Global ID Group, a food safety and testing company that addresses the challenges and opportunities facing the food industry.
Headquartered in Fairfield, Iowa, with additional facilities in Europe and South America, Global ID provides a suite of food testing, supply chain compliance software and services, and food certification solutions.
Inverness Graham acquired Global ID in November 2013 after a search in the food safety and testing market with industry expert David Acheson, the former chief medical officer at the FDA Center for Food Safety and Applied Nutrition.
Inverness Graham continues
Private equity investor Advent International has entered into exclusive negotiations with Safran to acquire Safran Identity & Security (Safran I&S), a specialist in identity and security solutions.
Advent has made a firm and irrevocable offer of EUR2.425 billion for Safran I&S. Bpifrance will invest alongside Advent International.
Safran I&S develops technologies for the public and private sectors globally, including identity management, secure transactions and public security solutions. The company’s technologies are used for a wide range of markets and applications, including production and personalisation of secure ID documents and systems, and biometry-based identification systems. Safran I&S employs 7,800 people
Middle market private equity firm Pamlico Capital has sold T2 Systems to tech-focused private equity firm Thoma Bravo.
Terms of the transaction have not been disclosed.
Headquartered in Indianapolis, T2 Systems is a provider of parking management technology, including SaaS-based software, services, and hardware to universities, municipalities, and private operators.
Pamlico acquired T2 Systems in September 2011 in partnership with management. Over the last five years, Pamlico helped to build out the management team, adding key members like Adam Blake (president and COO), and complete two strategic acquisitions that broadened the company’s product portfolio and expanded its addressable
Allied Minds and GE Ventures have formed an alliance to jointly identify and commercialise next-generation technologies.
Under the terms of the agreement, Allied Minds and GE Ventures agree to invest in new and existing technologies sourced from both Allied Minds and GE’s innovation pipelines.
The alliance expands Allied Minds’ network of research and development partners to include GE’s early stage technologies in healthcare, transportation, energy, and big data.
Allied Minds receives an exclusive right of first refusal to license certain technologies, chosen by GE, which are of strategic interest to the companies.
GE will also have the
Octopus Labs has selected five businesses to join its new Fintech accelerator, which kicks off in October.
Over 80 applications were received to join the accelerator programme – with a shortlist invited to live pitch last week.
The panel of judges – which included ex-head of Google UK Dan Cobley, CEO of Dunelm John Browett and joint COO of St James’s Place Iain Rob Rayner – were looking for product-ready start-ups developing solutions specifically geared for financial advisers and their clients.
The successful teams will take part in a 12-week programme, which will see them given workspace in
Mayfair Equity Partners has held the final close on its maiden fund, Mayfair Equity Partners Fund I, at GBP400 million, exceeding its target of GBP350 million.
The fund also has access to significant co-investment capital.
In an oversubscribed fundraise, the fund attracted commitments from a broad and diverse cross section of large and sophisticated investors from the UK, Europe, the Middle East and North America, including leading pension funds, asset managers, fund-of-funds, sovereign wealth funds, family offices and other institutional investors.
Mayfair’s managing partner Daniel Sasaki says: “We are privileged to have received such strong interest for our
Legal & General Capital (LGC) has backed a second fund by Pemberton which plans to lend GBP500 million to mid-sized UK businesses to support their growth.
The commitment follows LGC’s investment in Pemberton’s first, pan-European fund which has currently raised around EUR1billion and has already invested over GBP180 million into UK firms.
Pemberton expects to hold a first close of the new fund before the end of 2016.
LGC’s commitment to Pemberton aligns with its strategy to invest in socially and economically useful enterprises with a focus on housing, infrastructure and SME finance. Acting as a catalyst for
Modern Energy Management (MEM), which delivers project lifecycle certainty to renewable energy developers, financiers and investors, has delivered over 1.5GW of renewable energy in emerging markets, as a direct result of its Investment Grade Verification (IGV) service.
Launched earlier this year, the IGV service has been developed by Modern Energy Management, in collaboration with international law firm Watson, Farley & Williams and global insurance broker JLT Specialty.
Developed exclusively for financiers and investors operating in high-growth emerging markets, the service provides ways to reduce operational and capital expenditure and in turn, enhance the creditworthiness of projects.
By bridging
Clearwater International has advised the shareholders of &tradition on its sale to HAY – a Danish designer and manufacturer of contemporary furniture, accessories and rugs – and Anders Holch Povlsen, CEO of fashion chain Bestseller.
Established in 2010, &tradition is a Danish lighting, furniture and accessories design company. The business is known for its unique combination of classics by iconic Danish designers, and new designs created in collaboration with internationally renowned names such as Jaime Hayon and Luca Nichetto.
&tradition products are retailed in high-end stores and it has secured contracts in more than 50 countries worldwide.
Andreas
Chinese internet search provider Baidu is the lead investor in Easterly Ventures, a new USD60 million Brazil-based investment fund.
Easterly Ventures will focus on providing funding, technology, local traffic and industry expertise for Brazilian tech start-ups, with the goal of building a robust mobile service ecosystem in Latin America.
Baidu announced its investment during an event in São Paulo, which was attended by over 200 Internet industry executives. At the event, Yan Di, general manager of Baidu Brasil and president of the Brazilian O2O Association, said Easterly Ventures will be Brazil's first internet investment fund of its kind to
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