Allocations
Mid-market private equity firm LDC has made a significant investment in Leeds-based Global Autocare (Global) to support its ambitious organic growth strategy.
The transaction will see LDC take a significant minority stake in the business, backing the existing management team.
Global is an independent corporate mobility and fleet management provider with an impressive track record for growth and a loyal customer base. The business has consistently delivered organic growth by over 20 percent year-on-year since 2010.
LDC’s support and investment will help the business to accelerate its national growth plans, building on its strong relationships with some of
genesis, an international capital markets software firm has held the closing of its second capital raise, securing USD1.8 million of investment in a round that was led by Illuminate Financial Management, a UK-based capital markets venture capital firm and Tribeca Early Stage Partners, a New York venture group.
genesis has now raised USD5 million since its first external capital injection in November 2018.
The new funding will be invested in further development of genesis platform’s core technology, sales and marketing to cement genesis’ position as the ‘low-code’ platform for capital markets software development.
Across the entire capital markets industry, firms
Blackfinch Group has launched the Blackfinch Spring VCT, an investment portfolio of technology and technology-enabled companies, which have already raised funding, gained traction and are seeking to accelerate the scale-up process.
The Spring VCT will also be a natural follow-on funder for the Blackfinch Ventures EIS Portfolios, which invests in technology-focused companies on the cusp of their growth journey.
Blackfinch Group’s existing businesses, including Blackfinch Ventures and Blackfinch Investments, have been focused on investing through these current EIS portfolios, as well as other tax-efficient solutions including the Adapt IHT and AIM portfolios. The Blackfinch Ventures EIS Portfolios have this year
Värde Partners, a global alternative investment firm, has raised its 13th flagship vehicle, Värde Fund XIII, with USD2.47 billion in commitments.
The Fund exceeded its USD2 billion target and will have the flexibility to invest in a range of credit and credit-related assets globally across liquid traded credit, special situations, real estate and financial services.
“Over the past 26 years we have built a global platform with the agility to seek attractive risk-adjusted value in opportunistic credit and asset markets,” says George Hicks, Co-Founder and Chief Executive Officer. “In this fund, we utilise our deep experience through many market
The Standards Board for Alternative Investments (SBAI) has published a memo on co-investments which was developed by the Standards Board’s Governance Working Group.
The Standards Board is the global standard-setting body for the alternative investment industry, providing a collaborative platform for institutional investors and alternative investment managers to standardise and improve industry practices and streamline investor due diligence. It is supported by over 200 alternative investment managers and institutional investors who collectively manage USD4.5 trillion.
Co-investments have become increasingly popular in alternative funds, not just in Private Equity and Real Estate, but also in other liquid and illiquid alternative investment
SSE Renewables is to expand its onshore wind pipeline through the acquisition of a 29-turbine, shovel-ready consented wind farm development in Ireland with an installed capacity in excess of 100MW, subject to final turbine selection. SSE Renewables has acquired the Yellow River Wind Farm project outside Rhode in County Offaly from Green Wind Energy (Wexford) Ltd. The project was granted full planning consent in 2014.
On-site pre-construction works have already commenced, and SSE Renewables expects to begin full construction of the wind farm in late 2020 with an expected project completion date in 2022. The project is expected to support up
Lovell Minnick Partners, a private equity firm focused on investments in the global financial services industry, has completed a significant growth investment in Fortis Payment Systems (Fortis), a payments technology and merchant services provider. Financial terms of the private transaction have not been disclosed.
Headquartered in Novi, Michigan, Fortis provides payment technology and processing capabilities to developers and businesses throughout North America. The Company’s proprietary payments platform, Zeamster, creates integrated commerce experiences for software and ERP providers as they transform the way businesses interact with their customers.
“Fortis has developed a highly configurable, powerful payments platform with industry-leading technical and security
Sun Life Financial is to acquire a majority stake in InfraRed Capital Partners (InfraRed), a global infrastructure and real estate investment manager. InfraRed advises institutional and pooled fund clients on approximately USD12 billion (CAD16 billion) in assets under management as of September 30, 2019. InfraRed is headquartered in London, UK and has more than 175 partners and staff.
InfraRed will form part of SLC Management, Sun Life’s alternatives asset management business. The acquisition is integral to Sun Life’s strategy of broadening its asset management pillar by extending the capabilities of SLC Management to the benefit of existing and prospective clients.
CurrentBody, an online retail specialist for home-use beauty devices, has now reached GBP10 million in funding with BGF this week joining NVM Private Equity in backing the Manchester-based business. The investment announcement comes as the company completed its strongest year to date, going live with its 11th international site and launching on Tmall in China.
Now the world’s largest supplier of beauty devices, CurrentBody’s brand partnerships include market-leading brands such as Tripollar, NuFACE and Smoothskin. It has also recently been named as a global strategic partner for L’Oreal’s Clarisonic range, the best-selling skin cleansing solution using sonic technology. Following five years
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12 November, 2026 – 8:00 am
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