Managers
Law firm Howard Kennedy has advised new client Arthur Online Limited, a property management software firm, on its first round of external funding, which raised over GBP1 million via equity subscriptions.
Founded and developed by property managers for property managers, Arthur (www.arthuronline.co.uk) provides a ‘one-stop-shop’, cloud-based, end-to-end property management solution which simplifies the process of property management by allowing a group of interconnected stakeholders to connect and share through a platform from anywhere in the world. Arthur was established in 2014 and has experienced huge success in the UK and internationally. It is currently used to manage over 50,000 units
A majority of the UK private equity and real estate industry believes that a ‘soft’ Brexit will help fundraising. Similarly in the US, political instability is having a negligible effect on US mangers’ ability to raise funds from investors, according to research from Augentius, one of the world’s largest independent private equity and real estate fund administrators.
The findings come from Augentius’ 2017 summer survey, and form part of a snapshot of sentiment across the global private equity and real estate industry, based on a survey of 100-plus investors and managers. The full report can be downloaded here
The findings
AMP Capital’s Diversified Infrastructure Trust (ADIT) has, for the second year in a row, topped GRESB Infrastructure’s rankings as the best infrastructure fund globally for its environmental, social and governance (ESG) performance.
AMP Capital’s Global Infrastructure Fund and Irish Infrastructure Fund (which it manages alongside Irish Life Investment Managers) were also ranked third and second, respectively, when compared to their peer group.
GRESB assesses the ESG performance of real assets around the world. GRESB’s 2017 infrastructure report included submissions from 64 funds and 160 infrastructure assets worldwide. The scores are a combination of fund and underlying asset ESG performance.
Costello has secured USD1 million in funding led by Dundee Venture Capital with participation from Elevate Ventures, M25 Group, and Service Provider Capital.
Costello’s sales deal management platform helps sales reps consistently follow sales methodology, gives managers visibility into the quality of every deal and shows sales leaders what’s working and what’s not.
Costello connects sales team members to close deals faster, reduce administrative tasks, and gain valuable insights.
“We worked collaboratively with over 50 sales leaders and professionals to solve the most important challenge faced by sales reps and leaders – execution,” said Costello Founder Frank Dale.
Palmarium, through its subsidiary VIEO, has acquired Lebara Group and the Lebara Trademark Companies.
Since its inception in 2001, Lebara is recognised as one of the fastest growing pan-European mobile companies and aims to offer inclusive and accessible products and services.
Through its 275 thousand outlets, Lebara has a unique reach to its growing customer base of over 3.5 million. Lebara’s culture is driven by innovation and business successes and has a diverse workforce and best-in-class customer service with numerous industry awards.
Palmarium gives Lebara strong backing and expertise to grow and drive the digitalisation of the business.
Costanoa Ventures, a boutique venture capital firm focused on early-stage enterprise technology startups, has closed its third fund capped at USD175 million to sustain a focus on early stage company formation to Series A.
This brings the total capital under management in excess of USD500 million and comes as the firm celebrates its fifth anniversary.
“We appreciate the support from our community for our strategy to focus on high conviction, early stage investments, and help founding teams build solid foundations for efficient growth. We’re also thrilled to welcome some wonderful new LPs for Fund III,” says Greg Sands, Founder
Alternative credit investment firm Crescent Capital Group’s European Specialty Lending strategy has provided a unitranche financing for the acquisition of Armitage Pet Care by Rutland Partners.
Armitage is the largest independent manufacturer and supplier of premium-branded pet treats and accessories in the UK. The business’s strong brand portfolio includes “GoodBoy”, a leading premium dog treats brand. From its manufacturing and distribution base in Colwick, near Nottingham, Armitage supplies over 2,000 products across the dog, cat, small domestic pet, bird and fish categories to a broad customer base including the major supermarkets and pet specialist retailers.
“Armitage is a leading
TrueCommerce, a global provider of trading partner connectivity and integration solutions, has acquired Datalliance, a provider of technology and services to support collaborative replenishment programs such as vendor managed inventory (VMI) and related business needs.
This addition complements the TrueCommerce portfolio of offerings by providing a strategic technology service that extends its commerce network into the collaborative replenishment, inventory management and demand forecasting markets.
Omni-channel enablement changed the traditional ordering process by requiring more visibility and collaboration. VMI aligns business objectives and streamlines supply chain operations for both suppliers and their supply chain partners. Trading partners focused on collaboration
CIFC, a US private debt investment manager specialising in US corporate and structured credit strategies, has entered into a strategic partnership with the Healthcare of Ontario Pension Plan (HOOPP) to form CIFC CLO Strategic Partners II, a new capitalised manager-owned affiliate of CIFC (CMOA II).
CMOA II intends to purchase the majority equity positions of CIFC’s future, new issue Collateralised Loan Obligations (CLOs) to comply with US and EU risk USD75 million. CIFC has issued a total of USD2.9 billion in new CLOs, making the Firm the largest issuer by assets this year. CMOA II is expected to support approximately
Goldman Sachs has joined Sagamore Development Company’s Port Covington redevelopment effort as an equity investor, committing USD233 million to the project, the largest single private equity investment made by the firm’s Urban Investment Group to date.
Port Covington is a 235-acre master-planned, mixed-use redevelopment project, with a prime location on the waterfront in Baltimore, and is expected to create thousands of new jobs, build new residential housing, attract new businesses, and provide new opportunities for Baltimore City residents and its workforce.
“This is tremendous news for Baltimore City and our workforce,” says Baltimore City Mayor Catherine Pugh. “Baltimore is
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