Managers
Octopus Investments (Octopus) has launched a GBP20 million joint fundraise for its two Alternative Investment Market (AIM) VCTs, with scope for the offer to be extended by an additional GBP10 million.
The offer comes at the end of a year that celebrates AIM’s twentieth anniversary and has seen AIM responsible for a GBP25 billion contribution to UK GDP and almost three quarters of a million jobs in Britain alone³. The latest offer gives investors the potential to access the growth of UK smaller companies whilst receiving a regular income through the funds’ dividend policies.
Octopus AIM VCT (AIM VCT)
United Wind, a premiere provider of distributed wind energy solutions, and
Forum Equity Partners is providing United Wind with USD200 million in project equity capital for distributed wind projects throughout the United States.
The financing will significantly expand United Wind’s unique and market leading WindLease program, which enables both residential and commercial property owners to lease distributed-scale wind turbines. United Wind’s popular program allows qualified customers to reduce energy costs by harvesting on-site wind energy through a fixed rate, 20-year maintenance-free lease without any initial out-of-pocket costs required from the customer.
“United Wind brings a unique and innovative
Shanghai-based QuanCheng has raised tens of millions of US Dollars in a Series B financing round led by Eight Roads along with participation from ClearVue Partners and Arbor Ventures.
Eight Roads, the proprietary investment arm of Fidelity International, has an 18-year track record of investing in the Asia-Pacific region, and was one of the first investors in Alibaba. Arbor Ventures is an early-stage venture capital firm focused on the intersection of financial technology, big data and digital commerce, with an affinity for end markets in Asia, while ClearVue Partners was the lead investor in QuanCheng’s Series A financing round.
Audax Private Equity has partnered with management to acquire Source Refrigeration & HVAC (Source) from Arsenal Capital Partners. Terms of the transaction have not been disclosed.
Source, headquartered in Anaheim, CA, is a leading independent provider of commercial refrigeration and HVAC services in North America, serving the nation’s top food retailers, convenience store chains, telecommunication providers, and industrial companies. Through its national network of technicians and service locations, Source provides mission-critical design, installation, environmental and energy optimisation, and maintenance services.
Geoffrey S Rehnert, Co-CEO of Audax Group, says: “Source is a recognized leader in the fragmented refrigeration services market.
Park Vale Capital has committed to invest GBP16 million in clean cold and power technology company Dearman, bringing total funds raised by the firm during 2015 to GBP19.5 million (excluding grant funding).
The funding will enable Dearman to establish initial UK-based manufacturing activity, and to boost international commercial deployment, while continuing to invest in R&D and demonstration of its core technology and subsequent applications.
Park Vale will work in partnership with Dearman, helping it to establish new markets for its technology, identify opportunities for growth and realise them.
Discussing the announcement, Katherine Priestley, Managing Director of Park Vale,
Yann Ranchere (pictured), Partner at Anthemis, discusses why 2016 could see game changing challengers enter the banking sector…
2016 will see a strong competition in the core banking space. In Europe especially, a crop of new banks and alternative banks will push strongly in the market. European digital banks such as Fidor are expanding beyond their core market. The UK regulator’s push to lower the barrier to entry to become a bank will come to reality with Atom Bank and Tandem establishing themselves.
Alternative solutions based on prepaid born in various European countries are also expanding beyond borders, with
Law firm Proskauer has represented longtime client Icahn Enterprises in its tender offer to acquire The Pep Boys – Manny, Moe and Jack in an all-cash transaction for USD18.50 per share, or approximately USD1.031 billion in aggregate equity value.
The transaction, which has been unanimously approved by the boards of directors of both companies, is expected to close in the first quarter of 2016.
Icahn Enterprises, a master limited partnership, is a diversified holding company with 10 primary business segments: investment, automotive, energy, metals, railcar, gaming, mining, food packaging, real estate and home fashion.
Pep Boys, one of
Africa focused Private Equity firm, 54 Capital Ltd, has invested USD42 million into Addis Pharmaceutical Factory (APF), an Ethiopian pharmaceutical manufacturer.
An initial investment of USD30 million, with the option to invest a further USD12 million, will be used to increase national and international reach through improved production capacity and product portfolio, and to obtain WHO certification.
The pharmaceutical sector in Ethiopia, while currently dominated by imports, is seen by the Ethiopian Government as a major sector for development, and is expected to grow at circa 15 per cent per annum over the next three years to reach a
Searchlight Capital Partners has held the final close of Searchlight Capital II with total committed capital of over USD1.9 billion.
Erol Uzumeri, a Founding Partner of Searchlight, says: “We are very grateful for the support of our existing and new investors from around the globe. We remain committed to creating value within our partner companies by providing thoughtful strategic direction and flexible capital. Our transatlantic platform, fully integrated team, and differentiated investment mandate allow Searchlight to capitalise on a wide range of global opportunities across multiple industries.”
Latham & Watkins LLP served as legal counsel to the Fund and
One Medical Passport has closed a USD4 million Series A investment from FCA Venture Partners, a Nashville-based venture capital firm focused on healthcare IT.
One Medical Passport’s online software is used by over two million patients and 700 medical facilities annually throughout the US and its customers include many of the top healthcare management companies. The solution enhances the involvement of patients in their own care before, during and after surgery and medical procedures and improves the communication and collaboration between patients, doctors, and medical facilities. The funds will be used to fuel the company’s aggressive growth plans as it
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
