Managers
CitySprint has completed the acquisition of Dartford-based Bexley Couriers, bringing the number of acquisitions made by CitySprint to twenty-one, since it received investment from UK mid-market private equity firm Dunedin in 2010.
It follows the acquisition of two Milton Keynes based logistics operations, CJ’s Logistics and Worldwide Logistics and Distribution, which took place earlier this year.
Since its establishment in 1988, Bexley Couriers’ diverse fleet has offered a range of local and national delivery services. The acquisition further strengthens CitySprint’s regional network, whilst giving Bexley Couriers’ customers access to CitySprint’s unrivalled network of 3,000 couriers, which can reach
Fund performance and industry dry powder is analysed in this extract from the Preqin Quarterly Update: Private Debt, Q3 2015.
Fig 1 displays the median proportions of committed capital called up by the end of the first and second investment years, among all private debt funds for vintage years 2006-2014. It shows that post-2008, the median proportion of capital called up during the first two years of investment is lower than before the financial crisis. This could be explained by recent fundraising success pushing up dry powder levels at a faster rate than available deals in a competitive marketplace.
Preqin’s Real Estate Online currently tracks 62 South Korea-based institutions that are actively investing in the real estate asset class, collectively representing USD2.5 trillion in total assets.
A large proportion of South Korea-based real estate investors are insurance companies (31 per cent) and banks or investment banks (27 per cent), with public pension funds (18 per cent) and asset managers (10 per cent) also making up notable proportions of the investor pool. With 85 per cent of the real estate investor population comprising these traditionally large institutions, it is unsurprising that nearly half hold more than USD15 billion in assets
Investors in AppBox Media, a UK based developer of mobile applications and video games, will have received Enterprise Investment Scheme (EIS) rebates of almost GBP1million. To date, GBP720,000 of EIS claims have been made, with a further 200,000 to be submitted before Christmas.
AppBox Media launched as a qualified EIS in July 2013.
The company launched its 5th round of fundraising on 14 September 2015 priced at GBP8.12 per Ordinary A Share of GBP1.00 each. The intention was to raise approximately GBP975,000 from institutional and private investors on the basis of a current Information Memorandum. As of today the company
KKR & Co is purchasing approximately 343,000 square feet, the top ten office floors, at 30 Hudson Yards and will relocate its corporate offices to the new office tower in 2020. 30 Hudson Yards is being developed by Related Companies and Oxford Properties Group.
Henry Kravis, Co-Founder and Co-CEO of KKR, says: “This is a unique opportunity to partner with world-class developers to create a new office to house KKR’s New York team and host our clients. This move will allow our teams to work together in a dynamic setting that promotes innovation and forward thinking. Related and Oxford are
SignalSense a developer of advanced network security intelligence has closed a seed funding round of USD4.5 million.
Trilogy Equity Partners (www.trilogyequity.com) led this funding round, continuing its support after SignalSense’s angel funding, which also included Ignition Partners (www.ignitionpartners.com) and Tola Capital (www.tolacapital.com).
The latest capital infusion will be used by SignalSense to accelerate technology development, expand the company’s sales presence on the East Coast and hire additional data science, security and software engineers to complement the experienced and capable team that is already in place.
"We’re finding anomalies that can’t be stopped with standard pattern matching,” says Lynn Kasel, SignalSense’s
Harbottle & Lewis has advised social intelligence company Brandwatch on its USD33 million Series C financing led by new investor Partech Ventures, with participation from existing investors Highland Europe and Nauta Capital.
Partech’s investment follows previous Series A and B rounds of USD6m and USD22m led respectively by Nauta and Highland, both in relation to which Harbottle & Lewis previously advised.
Brandwatch’s continued growth demonstrates the strong appetite organizations have for a best of breed social analytics platform as social networks have evolved into a critical source of consumer and business insight. The funding will be used to accelerate development
Bryan, Garnier & Co acted as exclusive financial advisor to My Media Group on its capital reorganisation financed by Euromezzanine through bonds issuance, which allowed management to take back full control of the company.
After three years alongside Dzeta Conseil, My Media Group has achieved a 42 per cent gross margin growth in a globally stagnating market. Strong of this operational performance, My Media Group, valued at over EUR50m, has regained its full independence following the transaction.
My Media Group was able to grow organically thanks to an accelerated flagship client acquisition process (ie Castorama, Groupon, Sixt or Burger King
Constellation has acquired a majority stake in faircheck Schadenservice Deutschland, a provider of claims management and handling services for property insurance.
Susanna Martin and Hubertus Marx founded faircheck in 2006 in Korschenbroich, Germany, with the firm’s main focus being property damage claims. It also handles claims related to breakage of glass and damage to electronic devices.
faircheck, which operates with a nationwide network of more than 300 insurance experts, has secured long-term contracts with Germany’s major insurance companies and in June 2015.
Constellation’s acquisition was completed in close collaboration with the existing management team and the founders Marx and Martin,
A “seller’s market” and an appetite for growth has seen merger and acquisition (M&A) activity return to its highest level this quarter since the pre-recession boom times (Q2 2008), according to the latest PCPI/PEPI analysis from BDO.
The third quarter of 2015 saw a total of 631 deals completed, which is a significant uptick from last quarter’s 509 deals.
The third quarter saw trade buyers complete 532 deals, which reflects a 29% increase from the previous quarter. Levels of private equity activity have continued to rise modestly over the past 12 months, with 99 deals completed in Q3 compared
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