Allocations
An affiliate of private equity firm Warburg Pincus is to recapitalise Sterigenics, provider of contract sterilization, gamma technologies and medical isotopes, in partnership with private equity firm GTCR.
Terms of the transaction have not been disclosed. GTCR purchased Sterigenics in 2011.
“With this new partnership between Warburg Pincus and GTCR, Sterigenics is extraordinarily well positioned to accelerate growth, invest additional capital to serve our customers and expand our global footprint,” says Michael Mulhern, CEO of Sterigenics International.
Sterigenics’ growth over the past several years has reinforced its global market-leading position in the contract sterilization services industry. In 2014, Sterigenics acquired
Lending Works, the first peer-to-peer lender to have insurance against borrower default risk, is introducing several new features aimed at the UK pensions market, as new pension rule changes come into effect in April 2015.
More than 52% of Lending Works’ lenders are aged 55 or older, indicating a growing inclination among later-life lenders to make peer-to-peer lending a common feature of their retirement finance plans.
From early April 2015, Lending Works will offer four brand new features that make peer-to-peer lending even more appealing to pensioners who take control of their pensions and look for simple, personal, high-interest
Inspired Capital has secured an additional GBP25 million debt facility through British Business Bank Investments Limited, the commercial arm of the UK Government's economic development bank.
The funding will be provided as a three year syndicated back-to-back facility with Lloyds bank, increasing the total facilities for Inspired's invoice finance business to GBP75 million. The new facility is provided on the same commercial terms as, and will rank pari passu with, the Lloyds facility.
The new facility will be utilised to fund the Group's growing invoice finance business.
Brian Cole, Chief Executive Officer of Inspired Capital plc, says: "We are delighted
The Scottish Loan Fund (SLF) is pleased to announce that it has committed GBP0.7 million of funding to the event services and management business, ExecSpace, to support its businesses growth strategy.
The investment will provide a significant boost to the business as it looks to widen its geographic reach into London and capitalise on the strong sector dynamics and positive economic indicators which reflect ongoing growth in that market. Founded in 2008 by Emma Little, ExecSpace is a specialist event and accommodation booking agent for over 200 organisations across the UK, including Grant Thornton, Aggreko, Aegon and Nucleus, and has
JPMorgan Chase has awarded a USD1 million grant to VEDC to boost the organisation’s infrastructure as they expand their outreach to small businesses in eight states.
JPMorgan Chase has been a longtime supporter of VEDC as they strive to meet the capital needs of small businesses in underserved communities.
The USD1 million grant will help VEDC as they expand their small business loan programs across eight states to bring small business owners the access to capital so desperately needed to create new jobs. In addition, VEDC has expanded lending in Bakersfield, and is in the process of completing two studies
Remitly has closed a USD12.5 million Series B funding round led by DFJ with participation from DN Capital and existing investors QED Investors and Trilogy Equity Partners.
DFJ partner William Bryant will join Remitly’s board of directors. Remitly will use the new capital to expand its team, scale marketing efforts, and broaden the service to include new countries.
While the global economy becomes more integrated through technology, international money transfers remain antiquated. There are more than 200 million people who live abroad and send money home. These customers use remittance services that are often riddled with high and hidden fees,
Audax Group has partnered with management to acquire AllOver Media (AOM) from the firm’s independent owners.
Headquartered in Minneapolis, Minnesota AOM operates an alternative out-of-home (AOOH) advertising platform in the US with a diverse set of advertising mediums at high-traffic indoor and outdoor locations. Founded in 2002, AOM’s core products are found at convenience stores and gas stations, on truck sides, and at a variety of indoor locations, including restaurants, shopping centres, and sports arenas.
Geoffrey S Rehnert, Co-CEO of Audax Group, says: “AllOver Media is a leading alternative out-of-home media company with an unparalleled reputation for providing innovative advertising
Taurus Asset Finance has launched a new Venture Capital Fund – Arie Ventures – focused on investing in Israeli-sourced technology and its worldwide potential.
The fund is looking to raise up to USD200 million, and is based in the UK. It is open to institutional investors, Fund of Funds, and Family offices with a minimum investment of USD2 million. Its target is to raise an initial USD60 million for a “1st close” on June 30th 2015.
The fund, which is to be chaired by Sir Colin Chandler, will invest primarily in Israeli technology companies with strong, scalable IP, where
Janssen Pharmaceuticals has acquired XO1 Limited, a privately held asset-centric virtual biopharmaceutical company founded to develop the anti-thrombin antibody ichorcumab.
Financial terms of the transaction have not been disclosed.
Ichorcumab is a recombinant human antibody developed to mimic the activity of a human antibody which appears to produce an anticoagulated state without predisposition to bleeding.
"Ichorcumab provides an excellent complement to the Janssen cardiovascular portfolio," says Peter DiBattiste, MD, Global Development Head, Cardiovascular, Janssen Research & Development, LLC. "Given Janssen's leadership in the fields of anticoagulation and biologics, we are well positioned to explore the potential of this next generation
Green Shoots, the junior branch of the EIS Association (‘EISA’) has launched aimed at celebrating and supporting young professionals working with the Enterprise Investment Scheme (EIS) and in the alternative investment industry.
The EISA was established to support and represent organisations working with the Enterprise Investment Scheme (EIS) and Seed EIS (SEIS). GreenShoots aims to create a separate space for young professionals in this industry, giving them a voice and an opportunity to develop their own networks, interest and knowledge of the world of EIS/SEIS and alternative investments.
As well as holding regular networking events, Green Shoots will run bi-annual
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
