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Law firm Ropes & Gray has advised Pulsant on its acquisition of LayerV, a specialist public cloud solution integration company, with a strong focus on compliance, security and cloud automation. The acquisition gives Pulsant, a UK provider of hybrid cloud solutions, exclusive intellectual property around regulatory and cloud insight, strengthening its multi-cloud capabilities, particularly around continuous compliance and security, as well as its AWS offering. The new compliance solutions will be most beneficial to customers in the public sector, retail, legal and financial services where statutory compliance and data governance are critical, and where regulations such as PCI, ISO, GDPR and
MPOWER Financing, a fintech company and provider of educational loans to high-potential, international students, has launched a USD100 million debt financing round to meet its growing pipeline of loan applications. According to Manu Smadja, MPOWER Financing CEO and co-founder: “We are seeing tremendous demand for our unique lending product which removes financial barriers to higher education for top international students. The company’s loan book has been growing at a rate of more than 30 perc ent on a month-over-month basis.”   MPOWER Financing also announced that Mike Davis, the company’s co-founder, has assumed the position of chief investment officer, replacing
Announcement
Quaero Capital’s recently re-named Infrastructure strategy, refocused from a wider Real Assets mandate, is now entirely concentrated on infrastructure stocks, with just a 3 per cent cash provision. The largest exposures are toll roads and tunnels (17 per cent), diversified infrastructure companies (16 per cent), and rail & bus (16 per cent). Rail & bus, agricultural infrastructure and communications towers stocks were largely unchanged over the last month, while waste recycling (the smallest allocation), communications and social infrastructure (also a small allocation), performed poorly.   The strategy is structured so that all holdings can be liquidated in one day and
O’Melveny has advised Access Technology Ventures as lead investor in the USD300 million funding of smartphone maker Essential Products Inc. The funding brings Essential’s total capital raised to USD330 million. Other investors in the round included Redpoint Ventures, Tencent Holdings Ltd., Altimeter Capital, Vy Capital, and Amazon Inc.’s Alexa Fund.   The O’Melveny team was led by partners Warren Lazarow, David Makarechian, and Heather Meeker, and associates Chris Dombkowski and Snehal Desai. 
Funds managed by EMK Capital are to acquire a majority shareholding in Luminati, the enterprise proxy network division of Hola Networks, for an enterprise value of USD200 million. The founders of Hola Networks will retain a significant stake in the company and Ofer Vilenski, Co-Founder, will continue as CEO of Luminati. EMK and the Luminati team will work together to grow Luminati and will continue to invest heavily in enhancing the customer experience and developing additional technologies and services.   Luminati is tan enterprise IP proxy network, and helps make the Web more transparent by allowing businesses to see the
Global investment firm KKR has opened a new office in Shanghai, the firm’s third office in Greater China following Beijing and Hong Kong, and its eighth in Asia Pacific. KKR has built its investment platform in Asia Pacific with a focus on developing strong country, industry and sector expertise, supported by a global network of investment professionals, operational experts and advisers. Today KKR manages the largest private equity fund dedicated to investing in the region, having most recently closed its USD9.3 billion Asian Fund III in May 2017. China is a core focus within KKR’s Asia Pacific strategy, and the
Arma Partners has acted as the exclusive financial advisor to Bregal Unternehmerkapital on the majority recapitalisation of its portfolio company proALPHA Business Solutions by Intermediate Capital Group (ICG). Bregal will remain involved in the further development of proALPHA through a continuing interest alongside ICG, strengthening proALPHA’s shareholder structure with long-term capital resources for growth investments.   Founded in 1992, proALPHA is one of the largest providers of Enterprise Resource Planning (ERP) solutions for medium-sized manufacturing and trading companies in the DACH region. With more than 900 employees worldwide, the company serves approximately 1,800 small and mid-sized customers (SMEs) driving digital
IMV Europe Limited, part of Osaka based IMV Corporation which manufactures noise and vibration test equipment and has turnover of JPY10.3 billion, has simultaneously acquired two businesses; GBP2.1 million turnover Vibratech, and GBP2.4 million turnover CVMSL with advice from Martin Kennedy and Jeff Barber of BTG Corporate Finance in Manchester. Listed on the JASDAQ securities market, IMV Corporation is the world’s leading supplier of high reliability vibration test and measurement systems.  IMV Europe’s facilities include a technical centre at Letchworth from where it develops cutting edge test and measurement solutions.   Based in Hertforshire, Vibratech is a specialist in the
Epidarex Capital (Epidarex), an early stage life science venture capital firm, has sold portfolio company Confluence Life Sciences to Aclaris Therapeutics, for a total deal value of up to USD100 million in up-front and milestone payments.  The Confluence investors are also eligible to receive future payments on royalties on drug product sales.   Confluence was established in 2010 by an experienced team of former Pfizer executives and researchers in St. Louis, MO. The company’s focus is the discovery and development of kinase inhibitors to treat inflammatory and immunological disorders and cancer. Its assets include: CDD-450, a novel MK-2 pathway inhibitor;
One of the UK’s fastest-growing housing developers has announced a turnover increase of more than 35 per cent in its annual results. Westleigh Partnerships, which is backed by Private equity firm Palatine, specialises in building affordable homes for housing associations and local authorities, as well as high quality new homes for the local market, turned over GBP128.6m in the year to March 31 2017, up from GBP95.1m the previous year.   Profit before tax jumped by more than 75 per cent, up to GBP10.9 million from GBP6.1 million. The firm also announced a sizeable increase in its land reserves, with

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