Allocations
The California Public Employees' Retirement System (CalPERS) has committed USD75 million to private equity firm Siris Partners.
This is the first direct commitment to Siris, which has previously received commitments from CalPERS through the System's emerging manager fund-of-funds.
"CalPERS is committed to emerging manager strategies," says Ted Eliopoulos, CalPERS Chief Investment Officer. "The transition from a fund-of-funds relationship to a direct relationship with CalPERS is the outcome we hope to see with our emerging manager programs."
Siris will use the commitment to make private equity investments in middle-market technology companies in North America, with a focus on data storage and
Ogier has advised Cinven on its acquisition of Premium Credit Limited for an enterprise value of GBP462 million.
Premium Credit Limited is a UK specialty finance provider which provides financing for insurance premiums and a variety of annual fees, including school fees and membership subscriptions. It has 2 million customers, works with 4,000 intermediaries and achieved advances of £3.7 billion in 2013.
The acquisition of Premium Credit Limited is the eleventh investment by the Fifth Cinven Fund.
The Ogier legal team consisted of partner Nathan Powell, managing associate Richard Daggett and associates Alexandra O’Grady and Amy Galley, who worked alongside
Webgility, a provider of e-commerce accounting integration software for small and medium-sized businesses, has raised USD2.5 million in growth funding from SaaS Capital.
Webgility will use the funds to increase headcount, ramp up product development, and expand into new vertical markets.
“This funding from SaaS Capital will be instrumental as we continue to build momentum,” says Parag Mamnani, Founder and CEO of Webgility. “This is our first institutional investment and although we received several outside funding offers, we knew SaaS Capital was the best fit for us at this stage. Working with SaaS Capital we’re able to avoid both the strict
Funds managed by KKR are to acquire Air Medical from affiliates of Bain Capital and Brockway Moran & Partners. Financial terms of the transaction have not been disclosed.
Air Medical provides emergency transportation services to individuals with critical health issues or injuries who are located too far from hospitals to be transported by ground in a timely manner. Air Medical’s subsidiaries transport more than 75,000 critically injured patients each year through a fleet of helicopters and airplanes that operate 24 hours a day and seven days a week. In addition Air Medical provides over 120,000 ground transports on an annual
Returns on US private equity and venture capital funds remained positive in the quarter ending 30 September, 2014, though both were down from their second-quarter results.
Venture capital, benefitting from a healthy IPO market, outperformed private equity in the third quarter, while both outpaced key public market indices, according to benchmarks published by Cambridge Associates LLC tracking these alternative asset classes.
The Cambridge Associates LLC US Private Equity Index® rose 1.7% in Q3 and 10.2% year-to-date (YTD). Over the same periods, the Cambridge Associates LLC US Venture Capital Index® climbed 2.4% and 10.8%. For comparison, the S&P 500 was up
HIG Europe (HIG), the European arm of global private equity firm HIG Capital, has acquired Adelie Foods, a provider to retailers including Sainsbury’s and Boots, as well as several UK coffee shop chains.
The company has built a reputation as a provider of fresh sandwich products to supermarkets, coffee shops and the food service sector and prides itself on its in-house distribution of up to a million fresh sandwiches every day around the UK. Adelie is also behind the popular sandwich brand URBAN eat. The group expects to reach nearly GBP300m turnover in the current financial year.
Adelie was
The French National Private Equity and Venture Capital Association (AFIC) has created a Club dedicated to bringing together private equity professionals interested in Africa.
The Africa Club has been created in the wake of unprecedented economic growth witnessed in Africa over the past 10 years. The region's population is set to double by 2050, and the World Bank estimates financing needs at USD90 billion annually for the next 15 to 20 years. The Club will support the growing interest of French private equity and venture capital professionals in Africa.
It is chaired by Hervé Schricke, a seasoned private equity professional
Groupe SVP has established a presence in Canada with the acquisition of professional training and translation specialist Groupe Synesis.
Groupe SVP is also carrying out the refinancing of its acquisition debt taken out in July 2011 and proceeding with repayment of the mezzanine debt carried by IFE and CM-CIC Private Debt.
This is being done with the support of Omnes Capital, which has held a stake in Groupe SVP since 2011.
Groupe Synesis was formed from the merger of training companies Versalys and CFC and translation company Documens. Owned by two Canadian entrepreneurs, Ugo Dionne and Wiseman, the
High Road Capital Partners has acquired York Wallcoverings, the fourth acquisition for the firm’s High Road Capital Partners Fund II.
Founded in 1895, York Wallcoverings is a manufacturer of wallpaper, borders, murals, and RoomMates peel-and-stick removable and reusable wall decals. York’s portfolio of globally recognised proprietary and licensed brands includes Antonina Vella, Ashford House, Candice Olson, Carey Lind, Ronald Redding Designs, Waverly, and York.
York Wallcoverings’ products are sold through an extensive network of interior design firms and domestic and international distributors, and in online, specialty and big-box retail stores. The company sells its residential and commercial products in
Gambling industry experts have teamed up with FCA-authorised UK alternative investment fund manager Innvotec, to launch the first Seed Enterprise Investment Scheme (SEIS) aimed at the sector.
The GamCrowd 2015 SEIS Fund (the Fund) opens for investors’ commitment on Monday 9 March – a day before the start of Cheltenham Festival, where hundreds of millions of pounds will be wagered.
The fund is a joint venture between Innvotec and GamCrowd, a betting and gaming specialist crowdfunding and crowdsourcing platform that is also FCA regulated.
GamCrowd has already begun assessing opportunities for investment and only companies judged to meet
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12 November, 2026 – 8:00 am
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