Managers
Deposit Solutions, a specialist in Open Banking and provider of a platform for savings deposits, has closed a new funding round led by private equity firm Vitruvian Partners.
Vitruvian was joined by Kinnevik and existing shareholders including Deposit Solutions’ first institutional shareholder e.ventures in a transaction worth a total of USD100 million, valuing the company at USD500 million.
Dr Tim Sievers, CEO and founder of Deposit Solutions, says: “We are delighted to welcome Vitruvian and Kinnevik as new shareholders. They are experts in supporting high-growth companies, which makes them ideal partners for us. Their deep industry expertise and financial
Ogier’s Jersey listings team is continuing to see strong flows of private equity and intercompany group-related debt listings as The International Stock Exchange (TISE) announces a general increase in listings for the first six months of 2018.
Peter Longstaffe (pictured), counsel in the Banking and Finance team in Jersey, says that the listing team continues to be busy with private equity and intercompany group-related debt listing work – and that the team is also active in other growth areas for the exchange including High Yield Bonds.
Ogier is one of the leading listings agents in relation to TISE, having
Eagle Merchant Partners and JLM Financial Partners have closed their investment in the Recreational Group, a leading provider of residential and commercial recreational surfacing products across the country.
The move capitalises on the rapidly-growing artificial turf and sports surfacing industry, with products used across a wide range of markets and customers. Founded in 1998, Recreational Group has grown to more than USD45 million in sales through strategic acquisitions and organic growth. The recreational surfacing industry has become more popular as it is environmentally sustainable, affordable and maintenance free, which has driven both residential and commercial uses. It allows families to
Peer-to-peer business lender Assetz Capital has revealed that over GBP50 million has been invested into its Innovative Finance ISA (IFISA) since its launch at the beginning of the year.
The popularity of the Assetz Capital ISA has been consistently strong, to the extent that ISA investments now account for over 15 per cent of all loans funded through the platform.
Many investors have made the switch to the Assetz Capital ISA from Cash and Stocks and Shares ISAs, with the platform seeing over GBP20 million of completed or in-progress transfers. This is on top of investors putting new money
Floreat, the privately-held investment group, is to acquire a USD500 million portfolio of Boeing and Airbus aircraft as it continues to secure opportunities in the aviation finance sector on behalf of clients.
The group, which completed an award-winning securitisation of a USD450 million portfolio of A330s in 2016, has appointed MUFG to source a portfolio of aircrafts, which are on lease to airlines around the globe.
Floreat, which specialises in investments in public and private equity, real estate and private debt, is a long-time supporter of securitisations backed by aviation leases and sees the asset class as a means
A brand-new social impact offset token has come out of a 25-year history of creating sustainable solutions for corporations, explains Todd Lemons (pictured), chairman of the Veridium Foundation.
Veridium is a collaborative initiative between a coalition of industry leaders including IBM, Stellar, Brian Kelly Capital Management, EnVision Corporation, and IDEAcarbon (a division of IDEAglobal),
Some 10 years ago, InfiniteEARTH (also part of the EnVision group of companies), authored the first forest carbon accounting methodology, now known as REDD+ (reducing emissions from avoided deforestation and degradation), which is now embodied in the Paris agreement.
The company developed the first internationally recognised
Edinburgh-based private equity fund, Inverleith, has made a seven figure, multi-million GBP investment in Braham and Murray Good Hemp, a plant based food and drink brand which manufactures products from hemp seed.
Inverleith invests in consumer brand companies within the health & wellbeing, lifestyle and heritage sectors. It specialises in internationalising and commercialising brands, helping them to realise their full potential. Its Partners are ex-Chairman and Chief Executive of Noble Group, Ben Thomson and ex-Chief Executive of The Glenmorangie Company and Partner L Capital (LVMH), Paul Skipworth.
Other portfolio investments through its Fund and high net worth investor club
Avedon Capital Partners has sold Fit For Free and SportCity, two fitness centre brands, to Bencis, an independent investment company based in the Benelux and Germany.
Closing is subject to regulatory approvals.
In 2009, Fit For Free (founded in 2005) and SportCity (founded in 1995) came together with a strategy to rapidly increase market penetration in the Netherlands, especially with the Fit For Free value format. 


With the support of Avedon, SportCity and Fit For Free have increased the number of clubs from 42 to 110 through organic growth and selective acquisitions, resulting in nearly 400,000 members and
Arma Partners has acted as financial advisor to Nordic Capital on its acquisition of Macrobond, a provider of research systems and macroeconomic and financial time series data from primary and third-party sources.
Founded in 2008, the company has developed a global and scalable SaaS application that offers an extensive database of macroeconomic and financial time series data coupled with powerful and dynamic analysis and charting tools.
Nordic Capital will support Macrobond’s next period of growth and innovation to expand its next-generation product offerings and to further strengthen its leading position.
This transaction, together with the recent sales of
BGF is to exit its investment in employee benefits firm Benefex, the first company to receive BGF funding when it launched in 2011. BGF’s minority stake will be acquired by Bain Capital.
The acquisition will enable Benefex to benefit from synergies with Bain Capital’s investments in the HR technology sector as the company moves to the next stage of its growth strategy. Founder Matt Macri-Waller will continue as shareholder and CEO.
BGF has invested GBP5.5 million into Benefex since 2011. With the investment, the company has expanded its product and service portfolio as well as operations in the USA
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