Managers
Take Eat Easy, the Belgian start-up that claims to be ‘reinventing food delivery’, has closed its series A round at EUR6 million.
The funds will be used to reinforce the company’s stronghold in Brussels and Paris, as well as expand its activities to other major European cities in Germany, Spain and the UK.
The new capital was raised from Rocket Internet (investments include TravelBird, DaWanda, MarleySpoon), global early and growth stage venture firm DN Capital (investments include Shazam, Happn, Windeln.de and Quandoo) and Piton Capital (Fanduel, Quandoo, DaWanda).
Following the rapid growth in Paris, the new investment will
Onbone, the developer of novel casting technology material, Woodcast, has raised a total of EUR10 million in a financing round led by MVM Life Science Partners, with participation from Finnish Industry Investment, Finnish private investors and existing investor Inveni Capital.
The funding round will be used to finance the international launch of the Woodcast suite of casting and splinting products.
Onbone's innovative technology improves the clinical care of patients whilst reducing cost for hospitals and lowering the environmental impact of current technologies. The product suite is ecological, user-friendly and applicable for all orthopaedic and traumatology uses.
Woodcast is manufactured from
Affiliates of investment funds managed by Oaktree Capital Managementt have completed the acquisition of Pulse Electronics Corporation.
Oaktree invested a total of USD17.0 million in Pulse and subsequently acquired 100 per cent of its outstanding shares, making Pulse a private company.
As a result of the transaction closing, Pulse’s stock will no longer trade in any public market. Pulse shareholders are entitled to receive USD1.50 in cash for each share of common stock they held as of 13 April, 2015. Pulse will continue to be led by Mark Twaalfhoven as Chief Executive Officer.
Dentons US LLP acted as counsel to
Patron Capital Partners’ UK forecourt business, Motor Fuel Group (MFG), which is owned in partnership with Alasdaie Locke, has acquired 90 petrol filling stations from Shell for an undisclosed fee.
Of the 90 sites, 53 per cent are located in the South East of England, including 21 sites in London. This acquisition brings the total number of petrol filling stations that will be owned by MFG to 373, making it one of the largest independent fuel station operators in the UK. MFG was this week ranked No9 in The Sunday Times Profit Track 100 list that ranks private companies by
Credibility Capital, a marketplace lender focused on prime credit small business borrowers, has launched its online lending platform at www.CredibilityCapital.com.
New York-based company seeks to close a critical gap in small business lending, providing affordable financing solutions to businesses many of which are too small for traditional banks and are frequently pushed to more expensive financing solutions that are not commensurate with their credit profiles.
“We are filling a void in the small business financing landscape that took shape in 2008 with the pullback of bank lending,” says Brett Baris, President of Credibility Capital. “Because of our partnership model, we
SEI has launched SEI Firm Compliance, a new global regulatory management framework that equips investment organisations to oversee and orchestrate compliance functions firm-wide, across investment products and regulatory jurisdictions.
SEI’s Investment Manager Services (IMS) division developed the compliance framework as an add-on to the customised global operating platform it provides to its investment manager clients.
SEI’s offering takes a new approach in that it centralises an investment firm’s internal and outsourced compliance functions in a single management framework tailored to the user’s mix of business activities. SEI has incorporated the compliance framework into the Manager Dashboard of SEI’s global
Middlefield is to merge the Energy IndexPlus Dividend Fund into Middlefield Global Infrastructure Mutual Fund effective on or about 17 June, 2015, with Global Infrastructure Fund being the continuing fund.
Given the relative illiquidity of the Fund's units on the Toronto Stock Exchange ("TSX"), the Merger is expected to benefit the Fund's unitholders by providing an opportunity to hold units of Global Infrastructure Fund, a strong-performing mutual fund that offers daily redemptions at net asset value.
Completion of the Merger is expected to take place on or about 17 June, 2015, (the date of completion being the "Effective Date"), and
Ogier has advised Friends Life Group Limited, a London-listed Guernsey company, on its acquisition by Aviva, a deal which has created the UK's largest insurance, savings and asset management firm.
The combined group will have some 16 million UK customers – equivalent to about one in four households – and around GBP340 billion of assets under management. The GBP5.6 billion takeover of Friends Life is the largest insurance deal in the UK since the merger of CGU and Norwich Union in 2000, which created Aviva.
Ogier has been working with international law firm Linklaters LLP to bring the transaction
Newly formed investment group, DW3 Products Group (DW3), which is backed by private equity firm NorthEdge Capital, has acquired Window Widgets, and Eclectic Systems.
Window Widgets was founded in 2004 and has become the first port of call for key components for the window, door and conservatory sectors. Eclectic Systems is best known for developing the fast-growing, revolutionary Residence 9 (R9) window system. The two businesses have been acquired from Dan Gill, who will now take on the role of CEO of the DW3 Products Group Window Division and join the main DW3 Board.
The acquisitions bring the total
Law firm Howard Kennedy’s VCT team has advised on 27 offers in 2014/15 with a combined market value of GBP370m, which have so far raised GBP300m. Just 33 VCTs in total came to market in the 2014/15 tax year.
Keith Lassman, Partner and Head of Capital Markets at Howard Kennedy, says: “For the past 17 years we have led the market advising VCTs. This year we have advised on 27 of the 33 VCTs to come to market, representing over 80 per cent of the market. Howard Kennedy is the go to law firm and sponsor for VCTs.”
Howard Kennedy
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