Allocations
TRAFI, a public transport mobile app designed to accurately plan journeys using real-time data, has completed a successful Series A funding round totalling USD6.5m.
The round was led by Octopus Investments with the EBRD Venture Capital Investment Programme and BaltCap, who all join existing investors Practica Capital.
TRAFI, which was founded in Lithuania in 2013, provides precise journey planning information, using a mix of data collected from users and transit authorities. The team’s focus is on high-growth emerging markets, where they use predictive technology to look at local traffic patterns and then apply TRAFI’s algorithm to calculate exact journey times.
The average time taken to exit private equity-backed buyout investments has increased year-on-year since 2008. In this extract from the Preqin Private Equity Spotlight: May 2015, Anna Strumillo and Ciantelle Lawrence conduct an in-depth analysis of buyout holding periods.
Private equity investments are traditionally long-term investments with typical holding periods ranging between three and five years. Within this defined time period, the fund manager focuses on increasing the value of the portfolio company in order to sell it at a profit and distribute the proceeds to investors. This in turn determines how quickly and how much the investors can
Palatine Private Equity has completed the GBP13m management buyout of The Alchemist, as the Manchester bar and restaurant brand looks to roll out more sites across the UK.
The deal marks Palatine’s second investment with Living Ventures Group following its buyout of Gusto last year.
The Alchemist first opened its doors in Manchester in 2010 and currently operates two venues in the city centre, as well as sites in Leeds and London. The company, which currently employs 250 staff, achieved sales of GBP11.3m last year and was recently ranked the 20th fastest growing business in the UK by The
More than 500 people attended the Guernsey Funds Forum 2015 in London last week, which was hosted by ITV news anchor, Alastair Stewart, OBE.
The keynote speech was delivered by Guernsey resident and private equity specialist Guy Hands, Chairman and Chief Investment Officer of Terra Firma Capital Partners Limited.
Dominic Wheatley, Chief Executive of Guernsey Finance, says he was delighted with the number and quality of attendees, as well as the content of the sessions.
“The event allows us to reinforce and build upon our key relationship with the City of London so to have attracted such an impressive number
Waterland Private Equity Investments has closed Waterland Private Equity VI following a successful fund-raising after just three months in the market.
Carey Olsen advised the sixth fund for the Dutch private equity firm which has raised EUR1.55 billion in the short time frame. EUR1.25 billion sits within the fund (a Guernsey vehicle that invests into the Dutch fund) with the remaining EUR300 million in an overflow fund – also a Guernsey vehicle that invests into the Dutch overflow fund – that will be used when the principal vehicle reaches its concentration limits.
The Carey Olsen team of partner Ben Morgan,
Sterigenics International has closed a recapitalisation with an affiliate of Warburg Pincus and GTCR, which was announced in March 2015. Terms of the transaction have not been disclosed.
GTCR purchased Sterigenics in March 2011.
“We are incredibly energized to be partnering with Warburg Pincus and GTCR,” says Michael Mulhern, CEO, Sterigenics International LLC. “Their commitment enables Sterigenics to accelerate our growth, invest further capital to serve customers and build out our global scale.”
Sterigenics’ growth over the past several years has reinforced its global market-leading position in the contract sterilization services industry. In 2014, Sterigenics acquired Nordion, the world’s
Audax Group has partnered with management to acquire TPC Wire & Cable Corp (TPC) from Chicago based private equity group, Pfingsten Partners.
Headquartered in Macedonia, Ohio, TPC is a producer of high performance, ruggedised wire, cable, and connectors used in harsh industrial applications. Founded in 1978, TPC’s products serve a broad spectrum of industries including steel, utility, mining, automotive, food & beverage, government, oil & gas, nuclear, transportation and wood, pulp & paper markets. TPC’s products outperform and outlast ordinary cable and help reduce down time from lost production, replacement costs, maintenance, repair and administrative or regulatory challenges caused by
Abcodia has raised GBP5.25 million funding from existing and new investors to bring the world’s most sensitive and specific ovarian cancer screening test, ROCA to market.
The financing was co-led by Cambridge Innovation Capital (CIC) and Scottish Equity Partners (SEP), who join existing investors Albion Ventures and UCL Business. Dr Robert Tansley, from CIC and Jan Rutherford, from SEP have been appointed to Abcodia’s Board.
Dr Julie Barnes, Abcodia’s CEO, says: “The funding will allow Abcodia to launch the ROCA test in the UK this summer and US markets later in 2015. This is the first cancer screening test that
Independent fund, corporate and private client service provider JTC has been granted an extension to its licence to offer an enhanced level of fund servicing capabilities in the UK.
The amendment to JTC’s permissions by the FinancialJTC Will Cameron Conduct Authority (a ‘Variation of Part 4A Permission’) means that JTC is now authorised to act as an operator of unregulated collective investment schemes (UCIS) in the UK.
As well as enabling JTC to establish, operate and wind up such schemes, the authorisation means it can also take on various oversight responsibilities including ensuring schemes comply with all regulatory requirements and
In an extract from the recently launched 2015 Preqin Sovereign Wealth Fund Review, Lauren Mason, Amy Bensted and Oliver Senchal provide an insight into this secretive and exclusive subset of the investor community.
Sovereign wealth funds, despite being small in number and secretive in nature, continue to capture attention as a result of their ever growing assets under management and corresponding influence on global financial markets. Today, the total assets of sovereign wealth funds top USD6.31tn (Fig 1), more than double the capital these entities represented in 2008, the year Preqin launched its first Sovereign Wealth Fund Review.
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
