Managers
Veritable and Moelis Asset Management have teamed up to launch Archean Capital Partners, which will provide new private equity portfolio managers with the initial capital, advice and infrastructure necessary to launch their own funds.
Veritable is a wealth management firm with over USD13 billion of assets under management.
Moelis AM is the parent company for alternative asset management firms with an aggregate of over USD3billion in assets under management.
Through Archean Capital Partners, Veritable and Moelis AM will seek capital commitments for a series of single manager, special purpose vehicles (SPVs) that will invest in selected newly launched
ACA Compliance Group, a provider of compliance, cybersecurity, performance and technology solutions to financial services firms, has acquired Telavance.
Founded in 2010 by Salvatore Cangialosi (pictured), Gokul Kallambunathil, Rama Pappu and Mahesh Viswanathan, Telavance provides anti-money laundering (AML) risk reviews and related regulatory compliance services and software solutions.
It offers leadership and expertise in the areas of risk assessment and mitigation, remediation of regulatory actions, model risk management, fraud rules assessments, NYS DFS 504 compliance, AML software system enhancements and optimisations, and transaction reviews and “look-backs.” Telavance’s client base is primarily centred in the banking industry.
As a
PNC Riverarch Capital has sold its portfolio company Goldco to Seven Hospitality, a consortium of high-net-worth investors.
Terms of the transaction have not been disclosed.
Goldco is an operator of 46 Burger King restaurants in Southeast Florida, primarily in the Fort Lauderdale and Treasure Coast regions. Since its founding in 1980 with a single restaurant, Goldco has grown its footprint through new store development and acquisitions.
Investment professionals at PNC Riverarch Capital led the investment in Goldco in late 2012. Under the ownership of PNC Riverarch Capital, Goldco significantly expanded its footprint in Southeast Florida, implemented a sophisticated
Peer-to-peer platform Assetz Capital has lent GBP200 million since launching in 2013.
The alternative finance platform helps small and medium-sized British businesses and property developers acquire funding and is now providing secured loans totalling as much as GBP26 million per month and lent over GBP45 million in the last quarter of 2016.
The milestone caps a record year for Assetz Capital, in which over GBP108 million was lent in 2016, earning investors a total of GBP17 million of interest since the business launched. More than GBP500 million is now available and ready to lend through the platform to credit-worthy businesses.
Funds managed by Inflexion Private Equity have completed the GBP40 million buyout of MyPolicy, a UK’s telematics insurance broker.
Founded in 1995, MyPolicy provides broking, product design, pricing and monitoring of telematics motor insurance policies for first time drivers and other niches in the UK.
MyPolicy has developed proprietary risk algorithms to analyse and interpret telematics driver data, applying this through its underwriting capacity and broad channels to market.
Inflexion is backing Patrick Quinn, CEO. As part of the buyout, Inflexion has supported MyPolicy’s succession plans, enabling co-founder Mike Quinn, to transition out of the business.
Inflexion
San Francisco Equity Partners (SFEP), a private equity firm focused on expansion-stage companies in the consumer industry, has acquired a majority stake in organic spices and seasonings company Red Monkey Foods.
SFEP will partner with founder and CEO Jeff Brinkhoff and his team to capitalise on the strong momentum in the business.
Red Monkey Foods is a provider of premium organic spices, seasonings and other natural dry food products. Operating out of a facility in Springfield, Missouri, the company manages gourmet store brand programmes for many of the nation’s largest food, mass and specialty retailers. The company has a
Inflexion has supported two bolt-on acquisitions through its investee businesses Reed & Mackay and CableCom.
Reed & Mackay has expanded its US presence acquiring the Chicago based Gray’s Travel Management. Reed & Mackay is a corporate travel management company delivering a personalised service through cutting edge technology.
The acquisition enables Reed & Mackay’s clients to benefit from an enhanced service offering through extended global reach, enhanced buying power and deeper local market knowledge.
Mark Williams, partner, Inflexion, says: “We are delighted to complete our first acquisition for Reed & Mackay within six months of our investment. This builds
BayWa r.e. has sold the St Fraigne wind farm, 140 kilometres north of Bordeaux, to FPCI Capenergie 3 fund managed by Omnes Capital.
This follows the sale of the 8 MW St Congard wind farm to Omnes Capital in August 2016.
The wind farm with a total output of 12 MW consists of 6 Enercon wind turbines of type E82 with a hub height of 108 metres. In 2013, the wind turbines were equipped with "trailing edge serrations". The comb-like rotor blade add-ons provide a significant reduction in sound emissions.
Since its commissioning in 2011, BayWa r.e. has
Adveq, an asset manager focused on investing in private equity globally, has reached USD 7 billion assets under management as of 11 January 2017.
Adveq enjoyed a successful 2016 driven by strong investment performance and increased investor demand for the firm’s specialised primary, secondary and direct/co-investment offerings.
2016 saw the closing of five funds and the successful completion of 20 direct/co-investment deals globally.
Sven Lidén, managing director and CEO, says: “Adveq has achieved this milestone by being consistent, focusing on fundamental and responsible value creation. We carefully listen to and learn from our investors, understanding their needs and
DPD in Russia and SPSR Express, two of the biggest companies in the Russian express and courier market, are to merge.
Upon closing of the transaction, which is subject to approval by the Russian Federal Antimonopoly Service, the merged company will become the largest express operator in the country.
GeoPost will become the majority owner of the post-merger business, Elbrus Capital will have a significant minority stake with the balance owned by the management team.
Nikolay Voinov will become the CEO of the merged company. Vladimir Solodkin will chair the company’s board of directors and its strategic committee.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
