Allocations
3Scan has closed a Series A fundraising round of USD6.7 million. The financing, led by Lux Capital will support the continued development and deployment of 3Scan’s KESM technology.
"While medical science has made incredible advances in recent years, anatomic pathology has remained relatively stuck in the 19th century – a manual, analog, and highly qualitative discipline," says 3Scan founder and CEO Todd Huffman. "Our technology transforms anatomic pathology into an automated, digitised, and quantitative medical science. In a sense, we’re helping pathologists better diagnose disease and develop new therapies in much the same way that DNA sequencing has advanced the
Huron Consulting Group is to acquire Studer Group, a professional services firm that assists healthcare providers to achieve cultural transformation.
The acquisition will combine Huron Healthcare’s performance improvement and clinical transformation capabilities with Studer Group’s Evidence-Based LeadershipSM framework to provide unparalleled leadership and cultural transformation expertise for healthcare provider clients.
"The healthcare industry is facing immense pressure to enhance the quality of clinical outcomes and reduce the cost of providing patient care," says James H Roth, chief executive officer and president, Huron Consulting Group. "Studer Group is the market leader in driving cultural transformation to help hospitals improve performance. The
Large private equity firms are increasingly flexing their scale, balance sheets, restructuring experience and connections with creditors and limited partners to tighten control and enhance return potential on investments, says Fitch Ratings.
Recent examples include Apollo's and TPG's decision on Jan. 15 to voluntarily place the largest operating subsidiary of Caesars Entertainment Corp into a Chapter 11 bankruptcy and KKR's follow-on private placement investment in First Data Corporation last June.
While such activities can bring creditors' competing interests to the forefront, they also underscore the fiduciary responsibility of alternative investment managers to maximise returns for their limited partners through all
TI Automotive, a leading provider of fluid storage, carrying and delivery systems to automotive manufacturers, is to be acquired by private investment firm Bain Capital.
The existing management team will continue to lead the company. Financial terms of the private transaction have not been disclosed.
Headquartered in Auburn Hills, Michigan and with facilities in 29 countries in all key markets, TI Automotive is a highly diversified automotive supplier with leading market positions across its product lines. TI Automotive has a broad yet exclusive focus on vehicle fluid management, and major global product areas include Fluid Carrying Systems, Tank Systems,
Scout RFP, a cloud-based sourcing platform, has raised USD2.75 million in seed financing led by venture capital firm New Enterprise Associates (NEA), with participation from Google Ventures and Zapis Capital.
Angel investors Techammer & Tim O'Shaughnessy also participated.
The funding will be used to grow the company's engineering team and scale the product for their enterprise customers. Chetan Puttagunta, Partner at NEA, will join Scout RFP's board of directors.
Scout RFP was built to help enterprises run more efficient sourcing events by taking care of the many manual tasks associated with requests for proposals (RFPs), inviting suppliers to participate in
GBR Phoenix Beard has acquired Optic Asset Management following several months of detailed discussions between the firms.
The new business will be called GBR Phoenix Beard and will trade with immediate effect. Optic’s London team is scheduled to re-locate from current offices in Wells Street to GBR Phoenix Beard’s Chandos Street base in March. The acquisition will mean that GBR Phoenix Beard will now have a base in central Leeds. GBR Phoenix Beard’s Birmingham office is largely unaffected by the announcement.
Optic is a niche property asset management company, established by David Offen and James Young in 2003. It
The shareholders of trial strategy consulting firm DOAR have bought back private equity firm Veronis Suhler Stevenson’s stake in the company.
DOAR provides trial strategy consulting and related services for individuals, law firms and corporations involved in high stakes civil, regulatory and white collar criminal litigation. The initial investment by Veronis Suhler Stevenson (VSS) occurred in 2005 with additional investments used to fund growth through the addition of new lines of business and acquisitions.
"VSS has been a terrific partner over the past 9 years. I appreciate their support and commitment to the company's mission,” says Paul Neale, DOAR's CEO
With the General Election just around the corner, 2015 promises to be another interesting year for private equity, says Gary Tipper (pictured), managing partner at Palatine Private Equity…
A change in the political order can often cause changes to the way in which businesses operate and how leaders make decisions, as well as having an impact on the view shareholders take on the timing of an exit. This will inevitably shape the private equity industry over the next 12 months.
It is particularly interesting that, for the first time in 40 years, nobody has a clue who will win the
Preqin has launched its 2015 Preqin Global Alternatives Reports, revealing significant growth in assets held by private equity, hedge fund, private debt, real estate and infrastructure fund managers. Total industry assets now stand at USD6.91tn*, up from USD6.22tn as of this point last year.
Infrastructure enjoyed another year of solid growth in 2014, with the prospects for continued expansion looking good for 2015 and beyond. Assets under management for unlisted infrastructure managers reached an all-time high, having increased by 85% over the past five years.
The 2015 Preqin Global Infrastructure Report provides a comprehensive review of the industry along with
IFC, with the support of the Government of Canada and the Overseas Private Investment Corporation (OPIC) is helping BMR Jamaica Wind build, operate and maintain a 36.3 MW capacity wind farm about 90 km west of Kingston.
This will be the largest renewable energy project developed by the private sector in Jamaica.
“The private sector, with support from long-term lending partners like OPIC, IFC and the government of Canada, is keen to develop Jamaica’s renewable energy potential,” says Bruce Levy, BMR’s Director. “With this initiative we plan to bring cleaner, cost competitive energy to the Jamaican electricity sector.”
The USD62.7
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