Managers
Oxx, a growth capital firm investing in B2B software companies, has completed the first close of its debut fund, Oxx I, with a total of USD100 million in funds under management so far.
Oxx was launched in January 2017 after Richard Anton and Mikael Johnsson left Amadeus Capital to co-found the business. Oxx I has reached its first close target with backing from a range of significant institutions, family offices and HNWs, including British Business Investments, the commercial arm of the British Business Bank, which is the largest single investor.
Notable individuals backing the fund include Amadeus Capital co-founder
StorageOS has closed a USD8 million Series A funding round, led by existing investor Bain Capital Ventures with participation from new investors: MMC Ventures in the UK, where StorageOS R&D is located, and 645 Ventures in New York, StorageOS’ new US headquarters.
StorageOS will use the investment to expand product development and drive global sales.
Unlike other solutions on the market that lack portability and flexibility, StorageOS delivers storage directly to the application and not to the infrastructure. This gives developers a unique and efficient way to operate that improves performance and decreases time to market for applications.
SVPGlobal, a global investment firm focused on distressed and deep-value opportunities, has held the final closing of Strategic Value Special Situations Fund IV (SVSS IV) at its hard cap of USD2.85 billion, including USD350 million of reserved capacity for a ‘fund of one’ relationship.
SVSS IV received significant demand beyond its hard cap and closed well above the Fund’s USD2.1 billion original target, with support from a diverse and global base of both existing and new investors. The Fund also exceeded the size of its predecessor, SVSS III, which closed in November 2014 on a total of USD1.56 billion, including USD250 million reserved capacity for a ‘fund-of-one’.
SVSS IV
Vine Acquisitions Limited, backed by Patron Capital and May Capital, has acquired The Laine Pub Company (Laine), in partnership with the Laine management team.
Laine will continue to be run by its existing management team, led by co-founder Gavin George. Gavin led a management buyout of Laine backed by Graphite Enterprise Trust (now ICG Enterprise Trust) and Risk Capital Partners in 2014, and this transaction sees both these investors exit completely.
Laine is one of the leading independent, vertically integrated managed pub companies in the South East of England. With origins dating back to the opening of the iconic Mash
Alcentra, the alternative fixed income specialist for BNY Mellon Investment Management (IM), has held the final close of Clareant Structured Credit Opportunities Fund III at USD513 million, surpassing its fundraising target of USD300 million.
This fundraising brings assets under management for Alcentra’s structured credit platform to over USD4.5 billion across a combination of open and closed end funds and separately managed accounts, and firm AUM to USD37.4 billion.
The Fund’s objective is to generate attractive absolute and risk-adjusted returns through opportunistic investing in structured credit debt and equity securities in the US and Europe. The Fund’s investors include leading
TresVista, a provider of high-end outsourced support for asset managers, investment banks, research firms, and corporates, has opened a new 45,000 square foot delivery centre in Pune, India; its largest yet.
The new delivery centre adds a custom built state-of-the-art training facility where professional development and technical training for all employees will be conducted. Along with the launch of its Data Analytics service as well as Book Keeping and Fund Administration support, TresVista’s core service to financial firms continues to gain traction globally. The company plans to grow its employee base by 200 per cent within the next three years.
A wholly owned subsidiary of CVC Capital Partners (CVC) Asia Fund IV is to acquire all of the outstanding equity of online retail trading platform OANDA. The transaction is subject to customary regulatory approvals.
Founded in 1995, OANDA’s technology and institutional-grade execution across a wide range of asset classes enables clients to trade currencies, equity indices, commodities, treasuries and precious metals.
Under the new ownership of CVC Asia Fund IV, OANDA will continue to be led by Chief Executive Officer, Vatsa Narasimha, who was pivotal in the investment from CVC Asia Fund IV and instrumental in growing the business
Fried Frank has advised RoundShield Partners (RoundShield) on the successful raising of its third European special opportunities fund.
The fund was almost three times oversubscribed and closed at its hard cap of EUR500 million within three months of launch. RoundShield now advises approximately USD1.4 billion across three funds and several co-investment vehicles. Commitments were made primarily by existing institutional investors from the United States, the UK and Europe.
RoundShield is an independent investment firm focused on European asset-backed special opportunities.
Mark Mifsud, asset management partner at Fried Frank, says: “Fried Frank looks forward to continuing to work with
Dr Mark Mobius, Carlos Hardenberg and Greg Konieczny have launched a new asset management company, Mobius Capital Partners.
Headquartered in London, Mobius Capital Partners will offer a highly specialised active investment approach with an emphasis on improving governance standards in Emerging and Frontier Market corporations, with a measurable impact on social and environmental standards and policies. The firm will be committed to generating long term sustainable returns from portfolio companies that meet the investment criteria.
The firm has been authorised by the UK Financial Conduct Authority and intends to launch a Luxembourg based SICAV open-ended fund, subject to CSSF
Altendorf Group, a portfolio company of Avedon Capital Partners, has closed the acquisition of Maschinenbau Hebrock and ebm Maschinenbau (together Hebrock), providing a succession solution to its founding family.
Hebrock is a leading provider of high-quality edgebanding machines for craft processing of wood panels based in Bünde and Hüllhorst (Germany).
Avedon invested in Altendorf in October 2017 with the goal of forming the global market leader in high-quality machinery for crafts secondary woodworking, by joining tradition-rich niche market leaders in complementary product categories. With the acquisition of Hebrock, Avedon takes a second major step in executing this buy &
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