Managers
Tiller, a French specialist in cash registers and connected management, has closed a EUR12 million Series B funding round, with the option of deploying up to a further EUR8 million in the next 18 months to fund external growth.
The funding round was led by Ring Capital and Cambon Partners with participation from existing investor 360 Capital Partners and Omnes Capital.
Spanning 5,000 customers in more than 35 countries, Tiller offers a comprehensive management tool (order taking, cashing, real-time performance monitoring, integrated digital solutions marketplace) for merchants. With a team of nearly 150 people, offices in Paris, Barcelona and
Polaris is to acquire a majority shareholding in ProData Consult, a Danish independent IT consultancy focused on business and IT consultants.
Over 15 years, ProData Consult has generated an average annual growth in excess of 20 per cent, and the Group has activities in Denmark, Norway, Sweden, Poland, Germany and the Netherlands. The investment is the sixth in Polaris’ fund IV.
Following growth of more than 30 per cent in 2017, ProData Consult reached revenue of DKK 910 million based on the company’s core business of providing high-end business and IT consultants to a series of acknowledged clients, in
European venture capital investment reached its highest amount in a decade with EUR6.4 billion in 2017, according to Invest Europe.
Venture capital funds in Europe increased investments into companies of all stages and sizes last year. Seed and early stage investments grew almost 50 per cent year-on-year, reaching EUR649 million and EUR3.5 billion respectively, the association’s 2017 activity data report reveals. Meanwhile, later stage investments into larger companies reached EUR2.3 billion, the highest level since 2008. The information and communications technology (ICT) sector received 45 per cent of the total investment amount, followed by biotech and healthcare (23 per cent)
Grey Rock Energy Partners (Grey Rock) has held its first and only close of Grey Rock Energy Fund III (Fund III) which was oversubscribed with USD232.5 million in capital commitments.
The entirety of Fund III was raised through institutional investors; the majority are repeat investors who participated in prior Grey Rock funds.
Grey Rock is a Dallas-based private equity firm with more than USD450 million of assets and committed capital under management. The company acquires non-operated working interests in core unconventional basins, either by acquiring non-op directly from current owners, or by providing joint venture capital to operators. Grey
Artivest, a financial technology firm based in New York, and Altegris, an alternative investment manager based in San Diego, have successfully closed their previously announced merger.
The merged company, named Artivest, is headquartered in New York and California. Artivest serves over 10,000 clients worldwide, with approximately USD3 billion of asset flows, USD2.5 billion of which are alternative assets under management. Artivest’s digital alternative investment platform is a fully-encrypted online marketplace for qualified investors and financial advisors seeking access to world-class private equity, hedge fund, real assets and managed futures strategies, among others.
“Artivest is now the largest independent alternative
Verscend Technologies, a portfolio company of private equity firm Veritas Capital and a specialist in data-driven healthcare solutions, is to acquire Cotiviti Holdings, a provider of payment accuracy and analytics-driven solutions for the healthcare industry, for USD4.9 billion in cash.
Under the terms of the agreement, Cotiviti shareholders will receive USD44.75 in cash per share of Cotiviti common stock, and Verscend will assume all of Cotiviti’s outstanding debt, resulting in an enterprise value of approximately USD4.9 billion. The offer price represents a 32 per cent premium to Cotiviti’s unaffected share price as of 4 June, 2018 and a 136 per cent premium to the initial
Oak Hill Advisors (OHA) and Värde Partners (Värde) are to acquire a USD1 billion portfolio of shipping loans from Deutsche Bank. The transaction is expected to close in the third quarter of 2018 pending regulatory approvals.
This represents the second sale of shipping loan portfolios from European banks that Värde and OHA have acquired together.
“We view this investment as part of our long-term commitment to provide alternative capital to the shipping industry as traditional participants reduce their exposure and change tack following a challenging period for the sector as a whole,” says Stephen Seymour, Managing Director at
Glatfelter, a supplier of specialty papers and engineered materials, has signed a definitive agreement to purchase Georgia-Pacific’s European nonwovens business (the “Business”) for USD185 million, subject to customary purchase price adjustments.
The proposed transaction includes Georgia-Pacific’s operations located in Steinfurt, Germany, along with sales offices located in France and Italy. The Steinfurt facility produces high-quality airlaid products for the table-top, wipes, hygiene, food pad, and other nonwoven materials markets, competing in the marketplace with nonwoven technologies and substrates, as well as other materials focused primarily on consumer based end-use applications. The Steinfurt facility is a state-of-the-art, 32,000-metric-ton-capacity manufacturing facility that employs
Elastic Path, a specialist in enterprise headless commerce solutions, has closed a USD43 million Series B growth investment, led by Sageview Capital and with participation from current investors, Yaletown Partners and BDC Venture Capital.
The company has now raised a total of over USD63 million.
“Sageview provides highly complementary strategic and industry knowledge to our investor base. We look forward to leveraging the firm’s domain expertise, resources and shared vision to support Elastic Path’s goals for product evolution and market expansion,” says Harry Chemko, CEO of Elastic Path.”
Increased company momentum, including recent European customer wins such
A Hull healthtech start-up which has developed an award-winning device to enhance mental wellbeing has secured a GBP200,000 investment from NPIF-Mercia Equity Finance, which is managed by Mercia Fund Managers and is part of the Northern Powerhouse Investment Fund.
Moodbeam’s wearable device allows users to log their mood and monitor their emotional wellbeing – or that of their children, students, patients or employees. The device, which links to an online and mobile platform, gives insights into how moods change over time, showing patterns and trends that can support positive change. The funding will allow the business to put the device
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