Managers
Private equity firm Keensight Capital is in negotiations with Reed Elsevier for the sale of FircoSoft, a specialist in watch list filtering solutions.
The proposed transaction is expected to be concluded in the coming weeks, pending the completion of a consultation with the works council of FircoSoft.
Created in 1990 and based in Paris, FircoSoft provides software solutions which allow its clients to filter financial transactions against sanctions and watch lists in order to ensure compliance with existing regulations while meeting Know Your Customer (KYC) requirements.
In the context of the company’s spin-off from the Sword Group, Keensight
The Chiesi Group has launched a venture capital fund, Chiesi Ventures, via a collaboration with A M Pappas & Associates.
Chiesi Ventures will complement the strategic interest of the Chiesi Group in the area of rare diseases by investing in early stage opportunities and expanding the Chiesi network in the US among universities, venture capital investors, rare disease patient organisations and entrepreneurial companies developing treatments for rare diseases.
Chiesi Ventures will have offices in Boston (Massachusetts), Research Triangle Park (North Carolina) and Parma (Italy) and will focus on investment opportunities in the US and Europe. It will operate as an
DN Capital has raised USD200 million (EUR144 million) for its third venture capital fund, GVC III, a three time increase on its previous fund.
The fund is dedicated to investing in early and growth stage companies in northern Europe, particularly the UK, Germany, and the Nordics with an allocation for US companies expanding into Europe.
The investment strategy is focused on supporting dynamic entrepreneurs to global category leading companies – in software, mobile applications, digital media and e-commerce – and in expanding out of their home markets.
Investors include family offices, large institutional investors and sovereign wealth funds.
Nenad Marovac,
Glennmont Partners has closed its second fund, Clean Energy Fund II, having raised EUR500 million, the maximum amount permitted, exceeding its target of EUR450 million.
The life of the fund is ten years and the fundraising has been supported both by existing and new investors, including the European Investment Bank (EIB) which invested EUR50 million, the single largest clean energy equity investment it made in 2013.
With its second fund, Glennmont has attracted capital from new territories and now has investors in its funds based across Europe, the US, the Middle East and Asia.
Glennmont managing partner Joost
New York-based private equity fund Monomoy Capital Partners II is to acquire all of the outstanding shares of common stock of Cobra Electronics, a designer and marketer of mobile communications and navigation products, at USD4.30 per share in cash.
Under the terms of the agreement, an affiliate of Monomoy will commence a tender offer to purchase all outstanding shares of common stock of Cobra Electronics at a price of USD4.30 per share in cash within ten business days.
The offer is conditioned on, among other things, the tender of a majority of the outstanding shares of Cobra Electronics' common
Lower middle-market private equity from Superior Street Partners has acquired Riverbend Nursery.
Union First Market Bank provided the senior debt financing for the transaction, in addition to providing continuing working capital support.
Based in Virginia, Riverbend Nursery is a producer and distributer of perennial plants, herbs, and ground cover, with sales primarily to the independent garden centre and landscape contractor markets. The company was founded in 1984 by Jim Snyder, who will remain chief executive officer.
Jon Herbst, president of Superior Street Partners, says: "The core operations and focus on quality production and superior customer service
KKR and Borealis Maritime has acquired a portfolio of nine feeder container vessels in a sale process coordinated by Commerzbank.
The vessels were previously owned by a number of German KG funds and were originally financed by Commerzbank. Financial details of the transaction were not disclosed.
In 2013, KKR and Borealis Maritime formed a joint venture named Embarcadero Maritime to invest in distressed shipping assets. Since its formation and including the most recent acquisition, Embarcadero Maritime has acquired 27 vessels in nine separate transactions and its current fleet includes a mix of chemical tankers, feeder container vessels and small
Alternative asset manager The Carlyle Group has closed a collateralised loan obligation (CLO) fund in the US totalling approximately USD816 million.
The CLO, arranged by Citigroup, is the firm’s third of 2014 in the US.
Carlyle GMS CLO 2014-3 will invest predominantly in senior secured bank loans.
Including these latest closings, in 2014 Carlyle has raised approximately USD3.23 billion in CLOs — USD2.16 billion in the US and USD1.07 billion (EUR777 million) in Europe, the second consecutive year in which Carlyle has raised more than USD3 billion in new issue CLOs.
Cressey & Company and Level Equity Management have sold Strategic Healthcare Programs (SHP) to Roper Industries, a diversified technology company.
SHP, headquartered in Santa Barbara, California, is a provider of software and informatics solutions to the post-acute healthcare market. SHP delivers data-driven insight to thousands of post-acute organisations, such as home health, hospice and long term care.
C&C and Level Equity invested in SHP in December 2012 and partnered with SHP's management team over the past two years to expand the company's footprint, broaden its technology solution and strengthen its market position.
"SHP is a clear leader in providing
ARCH Venture Partners’s eighth venture fund has closed with more than USD400 million in subscriptions.
ARCH Venture Fund VIII exceeded its USD250 million subscription target by more than USD150 million.
"The enthusiasm behind Fund VIII shows the strength and potential of our approach to finding and funding new platform technology companies that can transform their industries through disruptive innovation," says ARCH co-founder and managing director Robert Nelsen.
ARCH will deploy this fund exclusively in early-stage technologies that can fundamentally change the healthcare, energy, and materials sectors. ARCH's search for disruptive technologies is global, with technology sourcing or investment
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