Managers
Assets under administration at private equity fund administrator Gen II Fund Services now exceed USD100 billion.
Since its founding in 2009, Gen II has grown significantly to become the industry's largest independent firm focused on private equity fund administration.
Norman Leben, Managing Principal of Gen II says: "Achieving this level of assets under administration as quickly as we have is an extraordinary milestone for Gen II. We have continued to attract premier clients, which we believe is the result of our unmatched level of expertise. Our work with complex fund structures, complemented by our ability to execute at the
Livingstone has advised the shareholders of Tessella, including Mobeus Equity Partners, on its sale to Altran, a provider of innovation and high-tech engineering services.
Tessella is an international analytics, software and consulting services organisation and its proven capability in data analytics will enhance Altran’s Intelligent Systems division and VueForge offer.
Headquartered in Abingdon near Oxford, Tessella is known for finding and delivering innovative answers to the complex business and technical challenges of some of the world’s most forward-thinking organisations in the aerospace and defence, consumer goods, energy, life sciences, and science research sectors.
Established in 1980, Tessella has
Endpoint security software firm, Avecto, has received a USD49 million (GBP32 million) minority investment from JMI Equity, a growth equity firm focused on investing in leading software and services companies.
As part of the transaction, Jit Sinha, General Partner, and Suken Vakil, Principal, at JMI Equity will join the Board of Directors.
Avecto is a market leader in the large and fast-growing $3 billion endpoint security sector. Headquartered in Manchester, UK, with offices in Boston, USA, Melbourne, Australia and Frankfurt, Germany, Avecto was founded by entrepreneurs Mark Austin and Paul Kenyon in 2008. Since that time, the company has
Marlin Equity Partners has completed its acquisition of LiveOps Cloud Platform. Venture capital firm Presidio Partners, an existing investor in LiveOps, participated in the acquisition alongside Marlin.
Current LiveOps CEO, Vasili Triant, will remain at the helm of the newly acquired SaaS-based company, which will continue to operate as an independent entity focused on the ongoing development and innovation of its cloud contact centre platform. The LiveOps Agent Services business, formally split from LiveOps, Inc. in 2014, will continue to be a separate organisation led by current General Manager of Agent Services, Greg Hanover. It has not been acquired as
Inflexion’s portfolio company Alcumus Holdings has completed the GBP47 million acquisition of Santia Holdings, a provider of integrated health & safety and environment risk management services.
This acquisition, completed within just eight weeks of Inflexion’s buyout of Alcumus, broadens Alcumus’ footprint in the accreditation and certification market.
Alcumus is a provider of technology-enabled compliance, certification and verification risk management solutions. It is a specialist in its field and now has a wider, more diversified customer base. The enlarged business will serve over 30,000 clients both in the UK and internationally, including 35% of the FTSE 100, and will provide
Dunedin backed Hawksford has received formal permission to operate in the Caribbean region with the award of a full Trust Licence that will enable the business to provide a wide range of trust services in the Cayman Islands.
This move reinforces the company’s ongoing commitment to client choice through building a network of jurisdictions around the globe. Following this expansion into the Cayman Islands, Hawksford can now offer a choice of fiduciary services to clients from Europe, Asia and the Caribbean.
Hawksford was backed by UK mid-market private equity house Dunedin in October 2008. Since then, it has pursued
Funds advised by CVC have entered into a partnership with GIC and will become a co-shareholder in the RAC through the purchase of Carlyle Group’s stake in the association.
The investment was made from CVC’s Strategic Opportunities Platform, established in response to growing demand from large investors to be able to invest for the long term in stable, high quality businesses, and this will be its first investment.
The RAC is the second-largest roadside assistance provider across the UK and has approximately 8.6 million members as of 30 September, 2015. Committed to quality service and innovation over 118 years,
Mentorship accelerator VentureScaleUp is partnering with the online investment platform Florida Funders to provide access to seed capital to support the startup companies accepted into its 2016 Spring and Fall programs.
The accelerator is leveraging the highly selective Growth Accelerator Fund award it recently received from the US Small Business Administration as well as access to the large number of Florida accredited investors on the Florida Funders platform. Additionally, the accelerator opened applications for its 2016 Spring program.
VentureScaleUp launched a pilot program in August with seven startups. The program provided one-on-one mentoring with successful entrepreneurs who have previously
Application intelligence company AppDynamics has secured USD158 million in growth financing from new investors led by General Atlantic and Altimeter Capital, with participation from Adage Capital, Industry Ventures, Goldman Sachs, and Cross Creek Advisors.
Existing investors IVP, Greylock Partners and Lightspeed Venture Partners also participated in the round.
“Virtually every business in every industry is going through a digital transformation to stay competitive and AppDynamics is at the heart of this transition,” says David Wadhwani, president and CEO of AppDynamics. “We are excited to partner with General Atlantic and Altimeter Capital, as well as our other investors, as we
Clearpool Group has received an USD8 million investment from growth equity firm, Edison Partners. Clearpool is an, electronic trading software development and agency execution business, serving the institutional sell-side and professional trading firms.
“Our business has recorded a significant influx of new clients this year because we are providing tools in the cloud that enable them to gain control in their electronic and algorithmic trading infrastructure,” says Clearpool Group CEO, Joseph Wald. “This minority investment from Edison Partners validates our value proposition and capabilities. It will also act as an accelerant for faster development of technological solutions demanded by our
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