Managers
Envestnet (NYSE:ENV), a provider of intelligent systems for wealth management and financial wellness, is to acquire PIEtech, creator of the MoneyGuide family of financial planning applications, a goals-based product used by financial advisors.
“Financial planning is a key component of our vision for enabling Financial Wellness,” says Jud Bergman, Chairman and CEO of Envestnet. “We have admired the MoneyGuide offerings for some time, and recently announced our collaborative partnership with Apprise Labs and the PIEtech team. With MoneyGuide’s financial planning applications more deeply integrated into Envestnet’s wealth management solutions, enterprises, advisors and their clients can benefit from a frictionless wealth
African PE has remained robust with the total value of fundraising increasing to USD2.7 billion in 2018 from USD2.4 billion in 2017, indicating investors’ ongoing confidence in the sector, according to a report by the African Private Equity and Venture Capital Association (AVCA).
The total value of African PE fundraising between 2013 and 2018 was USD17.8 billion and the median size of final closed funds over the same period was USD123 million.
The data shows that 1022 reported deals worth a total of USD25.7 billion took place from 2013 to 2018. While the value of PE deals dropped marginally
Laurel Solutions, an affiliate of private equity firm FFL Partners (FFL), has completed the acquisition of Servelec Technologies, a market-leading provider of remote monitoring systems, secure SCADA systems, and business optimisation software providing complete end-to-end automation and optimisation solutions to clients around the world.
Terms of the private transaction were not disclosed.
Servelec Technologies is headquartered in Sheffield, UK with offices in Melbourne, Australia, Waterloo, Belgium, Calgary, Canada and Abu Dhabi, United Arab Emirates. For more than 40 years, the Company’s hardware and software products, systems, and consultancy services have been trusted by the world’s leading companies across sectors
A group of investors including the Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, the Russia-China Investment Fund and a leading Middle Eastern sovereign fund (Group), have completed a deal to acquire a 9.53 per cent stake in Intergeo, a metals and mining company and part of ONEXIM Group.
The investment is included in the list of the Intergovernmental Russian-Chinese Commission on Investment Cooperation initiated by RDIF and the Chinese Investment Corporation in 2014 to promote cross-border investment projects. The Investors will nominate Alexander Khloponin and Lev Kuznetsov as their representative on the Board of Directors of the Company.
European law firm Fieldfisher advised on close to GBP1.5 billion-worth of equity capital markets (ECM) deals across the London and Paris capital markets in 2018.
The majority of Fieldfisher’s ECM transactions were completed on AIM, the junior tier of the London Stock Exchange, for which the firm is consistently ranked as one of the top advisers to listed companies. Fieldfisher advised on deals with a combined value GBP1.23 billion on AIM last year, equal to around 21 per cent of all funds raised on London’s junior market in 2018.
Deal activity was led by natural resources transactions, with an
BGF has invested GBP11.6m in Invenio, a UK-headquartered and global provider of business focussed technology solutions and consulting services, to support the business’s continued growth.
Founded in 2006 and headquartered in Reading, Invenio provides consulting services and technology solutions for organisations in the media, manufacturing & logistics, and public sector verticals.
Invenio delivers successful transformational projects and business critical technology solutions with exceptional customer focus, deep industry expertise and a transparent approach.
Invenio has over 750 employees working for customers worldwide with delivery centres across seven countries – UK, India, Mauritius, Saudi Arabia, Fiji, USA and UAE –
RSK Group has acquired Headland Archaeology, a UK-based, privately owned provider of heritage services to the development and construction sectors.
The acquisition is the latest under RSK’s funding package from Ares Capital Europe (Ares) and a revolving credit facility provided by NatWest, secured inDecember 2018.
Headland Archaeology’s170-strong team has an in-depth understanding of commercial archaeology with practical experience participating in major construction projects. From high-speed rail projects and wind farm construction through to housing developments and offshore cable laying, the company delivers against critical path and heritage responsibilities. Founded in 1996, Headland Archaeology is proud of the business it has
The value of regulated funds serviced in Jersey saw double digit growth to reach a new all-time high while bank deposits also increased over the course of 2018, according to the latest figures to be collated by the jurisdiction’s financial regulator the Jersey Financial Services Commission (JFSC).
Figures for the final quarter of 2018 (ending 31 December 2018) show that the net asset value of regulated funds under administration in Jersey grew 10 per cent annually to stand at GBP319.9 billion, the highest recorded figure to date, while the value of bank deposits held in Jersey grew 4 per cent
Eurazeo Capital has entered into exclusive discussions with funds managed by Montagu Private Equity to acquire DORC (Dutch Ophthalmic Research Center).
Eurazeo Capital will invest close to EUR300 million in this transaction. DORC will be the fifth investment of Eurazeo Capital IV. This investment perfectly fits the strategy presented during the 2018 Annual Results presentation.
Established in 1983 and headquartered in the Netherlands, the company operates in the medical technology sector and is one of the global leading specialists of vitreoretinal surgery. DORC designs, manufactures and distributes ophthalmic surgery equipment, consumables and instruments.
The company serves over
Online investment platform Seedrs has launched full customisation in its AutoInvest product allowing users to select their personal investment criteria with the product then building them a portfolio of early-stage private companies automatically.
First launched in July 2018, there have been over 4000 individual investments using AutoInvest in Beta mode, with 80 different companies who raised funds on Seedrs in the past seven months benefiting from the product. The product takes Seedrs another step closer to offering a full suite of innovative investment methods, accompanying its Secondary Market and its EIS100 Fund.
Until Seedrs launched AutoInvest, investments on equity
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