Allocations
Kit Check, a specialist in hospital pharmacy kit processing and medication tracking software, has secured a USD12 million Series B funding round led by Kaiser Permanente Ventures.
Rex Health Ventures, the venture investment arm of Raleigh, NC-based Rex Healthcare, also contributed to the round. All previous investors from the 2013 Series A funding round also participated in the Series B; these include New Leaf Venture Partners, Sands Capital Ventures, Easton Capital Investment Group and LionBird. Dave Schulte, vice president and senior managing director of Kaiser Permanente Ventures, will also join Kit Check's Board of Directors.
Kit Check has achieved tremendous
Marquee Brands LLC announced today that it has reached a definitive agreement to acquire the Bruno Magli brand and related intellectual property assets from Bruno Magli Spa.
The transaction is expected to close in early 2015.
Founded in 1936, Bruno Magli is among the original Italian luxury brands. Combining a rich heritage and classic style, the brand has produced fashion footwear for a global consumer base including celebrities and royals throughout its nearly eighty years.
“Marquee Brands was created to acquire and grow high quality brands through product and geographic expansion. Bruno Magli is one of the most revered Italian
Private equity investment firm Harvest Partners has formed Harvest Partners SCF (HP SCF), a private investment advisor that provides structured equity and junior debt solutions to business owners.
HP SCF intends to target investments with private equity-like returns while assuming the risks more characteristic of debt investments. HP SCF will endeavour to achieve protection of principal by:
• Investing in high quality companies that meet HP SCF’s specific investment criteria
• Structuring investments to be senior in liquidation preference to a significant amount of underlying enterprise value
• Obtaining rights, controls and protective covenants that HP SCF believes will further
The total value of exits from private equity-backed portfolio companies throughout 2014 hit USD428bn, higher than any year previously and up from the USD330bn of exits in 2013. Christopher Elvin, Preqin’s Head of Private Equity Products, comments on the current deals and exits environment:
2014 represented the highest ever annual value of private equity-backed buyout exits. This has resulted in a significant increase in the level of capital being returned to buyout fund investors, which had almost surpassed the full-year 2013 amount as of June 2014 (the latest data available). Furthermore, the total value of private equity backed buyout deals
Verne Global has secured USD98m of equity funding, led by Stefnir, an Icelandic asset management and private equity firm that is working with several of the largest Icelandic pension funds.
Existing investors – the Wellcome Trust, Novator Partners and General Catalyst – also participated in the round.
Verne Global will use the funds to further expand its wholesale and colocation service offerings, as well as to design and develop high-density, flexible resiliency data centre space. This investment round ensures that Verne Global can deliver the infrastructure capacity to serve the rapid growth in demand it is seeing from new and
Private equity funds manager TPH Partners has partnered with Clark and David Nicklas to form Laurel Mountain Energy, an independent upstream company headquartered in Pittsburgh, Pennsylvania.
Laurel Mountain is focused on the acquisition and development of oil and gas properties across the Appalachian Basin, with a primary focus on the Marcellus, Upper Devonian and Utica formations in Western Pennsylvania.
Laurel Mountain is led by Clark Nicklas (CEO) and David Nicklas (President), a father-son team that has worked closely together for eleven years at Vista Resources, a well-established, independent oil and gas company that was founded by Clark Nicklas in 1987.
Seafort Advisors GmbH and ThyssenKrupp have signed an agreement on the sale of the Emder Werft und Dockbetriebe shipyard in Emden.
Completion of the deal is subject to the necessary permits and approvals and is scheduled for the first quarter of 2015.
A team led by lead partner Dr Tobias Schneider advised Seafort Advisors on all aspects of the transaction. CMS also provided Seafort Advisors with comprehensive advice in 2013, when the Hamburg-based independent private equity firm acquired three companies, and has subsequently advised on several add-on acquisitions. Seafort Advisors has a medium to long-term investment horizon. The private equity
Ares Management has completed its acquisition of Energy Investors Funds (EIF), an asset manager with approximately USD4 billion of assets under management across four commingled funds and related co-investment vehicles.
The transaction closed on 1 January, 2015, and is expected to be accretive to Ares.
“The EIF transaction provides Ares an entry into the large and growing energy infrastructure industry and attractive investment opportunities where we can leverage our existing core competencies to bring differentiated investment results,” says Michael Arougheti, Co-Founder and President of Ares. “EIF represents exactly what we look for in pursuing accretive, strategically valuable acquisitions. The team
Virtus Partners has acquired the business and assets of Trade Settlement, Inc (TSI), a New York-based primary and secondary loan trading settlement and documentation service provider.
“We are excited about the opportunities this acquisition provides to our clients and the ever-evolving loan market,” says Kelly Faykus, Co-Founder and Managing Partner of Virtus. “The combination of Virtus’ expansive database of loan market information and TSI’s strong settlement capabilities will create substantial opportunities to reduce trade settlement times while providing more robust management reporting and a framework to enhance market liquidity.”
Virtus provides a comprehensive, integrated suite of front, middle, and back
Harbour Point Capital, a private equity firm specialising in healthcare investing, has been launched by co-founders Robert Juneja and Bret Bowerman.
Both previously had been investment professionals with the middle market investment firm of Irving Place Capital – Juneja as a Senior Managing Director and head of its healthcare sector, and Bowerman as a Principal in the healthcare sector.
“This is an opportune moment in healthcare and one where having our own firm with a flexible investing mandate will enable us to provide capital solutions and direction to high potential companies,” says Juneja.
Bowerman adds that Harbour Point Capital, which
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