Managers
The concerns over a slowing global economic environment hit by and US-China trade tensions, weak eurozone growth and prolonged Brexit uncertainty, knocked flotations and equity raising on the London Stock Exchange last year.
AvidXchange, a provider of accounts payable (AP) and payment automation solutions for the middle market, has raised USD260 million in equity capital as part of the company’s latest financing round. With contributions from TPG Sixth Street Partners and other investors, this brings total funding to more than USD800 million over the company’s 20-year history. The new capital will fuel AvidXchange’s continued growth and innovation, allowing the company to invest in its solutions for both buyers and suppliers while reaching more customers in the middle market.
“More than 60 per cent of US businesses still pay bills with paper checks, accounting for more than USD2.7 trillion in administrative costs annually,”
Arcesium, an investment management technology and professional services firm, has secured an investment from JP Morgan. The investment deepens Arcesium’s strategic partnership with JP Morgan, including their Securities Services business, a provider of independent fund administration and comprehensive outsourcing solutions to alternative fund managers, asset managers, and asset owners. Terms of the investment were not disclosed.
“We appreciate the additional vote of confidence demonstrated by this investment. JP Morgan has been an important client and partner to us for a number of years and we look forward to working together to bring joint solutions to market,” says Gaurav Suri, CEO
An affiliate of private equity firm Veritas Capital (Veritas) is to acquire Campus Management Acquisition Corp (Campus Management”) and Edcentric Holdings (Edcentric) from Leeds Equity Partners (Leeds Equity).Leeds Equity will continue as an investor in both companies in partnership with Veritas.
Campus Management is a global provider of cloud-based student information systems (SIS), customer relationship management (CRM) and enterprise resource planning (ERP) solutions for more than 1,100 colleges and universities in over 30 countries. Edcentric is a leading SaaS platform providing data-driven solutions around student and alumni engagement, retention, and compliance to help over 1,400 higher education institutions make strategic
Pantheon has promoted two London-based investment principals, Toni Vainio and Erik Wong, t partner.In addition, four other staff members have been promoted to Principal: Stuart Cullen, Investment, London; Iain Jones, Investor Relations & Marketing, San Francisco; Kunal Sood, Investment, Hong Kong; and Bing Wong, Investment, San Francisco.
Among a total of 54 promotions, including two in the mid-year 2019 cycle, 23 professionals are members of the Global Investment team. Of these investment team professionals, eight are promoted to Vice-President, as are three members of the Investor Relations & Marketing team and one member of Pantheon’s Risk team. Additionally, Dr. Andrea
Ingenious’ Infrastructure Ventures EIS Service has led a GBP2.3 million A-series investment round in 3D Repo, the pioneers of cloud-based design collaboration in Building Information Modelling (BIM).The investment represents another major vote of confidence and a financial boost for 3D Repo’s digital construction services business.
Cutting-edge technology by 3D Repo has been successfully deployed on some of the largest and most prestigious construction projects with companies such as Atkins, Balfour Beatty, Bryden Wood, BuroHappold, Canary Wharf Contractors, and Crossrail among others.
Its multi-award-winning digital platform for BIM data is transforming how construction projects are designed and delivered by
415 CAPITAL Management (415 CAPITAL) has held a first closing of its new medtech venture capital fund, 415 CAPITAL Fund I. The new fund will invest in medical device companies in Europe, Israel and the United States, with a focus on startups developing groundbreaking technologies to diagnose and treat Cardiovascular disease and its associated risk factors, including coronary artery disease, structural heart disease, stroke, hypertension and vascular disease. The fund will hold a final closing at up to USD100 million (EUR85 million) later in 2020.
The new fund marks the first time that the partners are bringing in capital from outside
AUA Private Equity Partners has acquired Van-Lang Enterprises, a family-owned manufacturer and distributor of appetisers and hors d’oeuvres in the US. Van-Lang serves luxury hotels, private clubs, specialty distributors, banquet houses, and caterers. The transaction was completed on behalf of AUA Private Equity portfolio company Gourmet Culinary Partners (GCP).
AUA Private Equity has completed four acquisitions in the specialty prepared foods segment with a focus on creating the leading manufacturer of appetisers, hors d’oeuvres, breakfast foods, side dishes, soups, sauces, and entrees for the hospitality, banquet, airline, retail, education, and corporate sectors. With the acquisition of Van-Lang, Gourmet Culinary Partners
Private Equity Wire and RFA have partnered for the webinar: Threats and Trends in 2020: Mitigating IT risk in PE funds on the 12 February 2020.
– Global venture capital fund performance continued to soar in 2019, reaching its highest level ever in Q2 driven by the success of Western European VC funds –
Venture capital funds globally reached their best ever performance in the second quarter of 2019, surpassing the previous high recorded one year earlier, according to the latest Quarterly Private Equity Performance report, published by eFront.
“The European VC industry has had a strong year: it’s extremely well-capitalised following a number of new funds in the market and there are no gaps in the funding chain, which has hampered the ecosystem in
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