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European credit manager Pemberton is opening a new office in Duba, which will be led by Anis Ghamgui who has joined the firm from BlackRock as Managing Director and Head of Middle East and Africa.
Ghamgui brings over two decades of experience in business development. Prior to joining Pemberton, he spent two years as Head of the Institutional Client Business for the Middle East and North Africa at BlackRock, whilst also sitting on the EMEA ICB Executive Committee.
Pemberton plans to increase its presence in the Middle East over the next few years by bringing on board local talent with
Alternative investment firm Kensington Capital Partners has appointed LemonEdge to provide a front-to-back office accounting solution for its operations.
The growing requirement by PE and VC firms to have the highest efficiencies, whilst dealing with complexity in an agile manner is becoming more of a prerequisite for staying ahead in the market. In addition, everyone is looking for ways to deliver efficient, accurate content to clients with the goal to ultimately provide the highest level of client service. There is no longer the time to manually process calculations, post multiple transactions, or run separate systems for the end-to-end accounting and
ECI Partners, a growth-focused mid-market private equity firm, had a strong 2021, completing seven exits with a combined value of GBP2.5 billion.
Together, these exits averaged a return of 3.5x, and include the sale of CPOMS, Content+Cloud and the IPO of tech unicorn Auction Technology Group (ATG). ATG was the best performing IPO in London during 2021 (above GBP50 million market cap) and is now a FTSE 250 constituent.
ECI continued its strong record of supporting companies to unlock growth opportunities through M&A, with the portfolio completing 14 acquisitions in total last year.
Apis Growth Fund II, a private equity fund managed by Apis Partners, has invested USD50 million in Giift, a specialist in loyalty programme management and development.
KNEIP, a specialist in fund data management and reporting solutions for the asset management industry, has acquired Dataglide, a UK-based technology company specialised in data transformation and cloud-based automation.
The acquisition brings significant technology expertise in-house, with microservices architecture and multi-tenant cloud computing, which will increase service quality and data accuracy, as well as will drive process automation across its portfolio. With Dataglide technology, KNEIP is now ready to launch new products.
Dataglide has been working with KNEIP for more than a year to build its next generation fund data management system. The acquisition is highly complementary to KNEIP’s existing
Boosted.ai, a distributed machine learning platform for global investment professionals, has closed a USD35 million Series B financing round, led by Ten Coves Capital and Spark Capital.
Portage Ventures, Royal Bank of Canada (RBC) and HarbourVest Partners also participated in the round. Inclusive of seed capital, Boosted.ai’s total funding now stands at USD46 million.
The funding will be used to scale Boosted Insights, the company’s web-based platform that brings explainable machine learning tools to investment managers. By using Boosted Insights, portfolio management teams can augment their existing investment processes, source new ideas and manage risks through AI without any prior
Alpha FX Group has appointed Nick Maton as Managing Director, Luxembourg.
Maton has over 30 years’ experience in financial services, including managing and growing businesses in the Luxembourg markets, which is an area of strategic importance for the Group. He joins Alpha with an in-depth knowledge of the alternative investment sector alongside his traditional banking experience.
Initially Maton will focus on building and developing commercial partnerships across the alternative investment sector in Luxembourg for the provision of Alpha FX Group’s alternative banking solutions, whilst also supporting its application with Luxembourg’s financial regulator, the CSSF (‘Commision de Surveillance du Secteur Financier’).
TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, has made a significant minority investment in AnovoRx Holdings (Anovo), a provider of specialty pharmacy services and customised treatment and support programs that address the unique needs of patients with certain complex and chronic diseases.
Flipdish, an international online ordering and digital experience platform for hospitality, has received a cUS100 million investment led by Tencent.
The funding values the company at over USD1.25 billion and follows a USD48.5m investment from Tiger Global Management in February 2021.
Tencent join other existing Flipdish investors Global Founders Capital, Elkstone, Enterprise Ireland and Growing Capital.
Founded by brothers Conor and James McCarthy in 2015, Flipdish provides technology that powers QR code ordering & payment at the table, online ordering for pick-up and delivery, self-service kiosks, customer loyalty programs, and digital marketing.
Private markets firm Partners Group has agreed, on behalf of its clients, to acquire North Star, an operator of specialised vessels that offer emergency response and rescue and essential offshore wind maintenance services, from Basalt Infrastructure Partners.
Headquartered in Aberdeen, Scotland, North Star is an established infrastructure company with a fleet of 48 Emergency Response and Rescue Vessels (ERRVs) and Service Operation Vessels (SOVs) and around 1,400 employees.
Partners Group aims to transform North Star into a leading next-generation offshore wind infrastructure services company, which reflects the firm’s focus on investing with sustainability factors in mind. Partners Group will work
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