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International technology investment firm, Flashpoint has launched a secondary fund, targeting USD200 million, having completed a first close of USD70 million.
The fund, aimed at later-stage tech companies, will provide liquidity for early-stage shareholders, as well as allow companies to consolidate their cap tables whilst adding significant value through the expertise of the Flashpoint team.
Flashpoint team, run by co-founders Michael Szalontay and Alexander Konoplyasty, has a strong track record in secondary investments, including Guesty, Israel-based property management platform, Chess.com, the world’s top online chess website, and ivi, the leading Russian online video streaming service.
The secondary fund
- 16/02/2021
Private equity firm Baird Capital has sold its portfolio company Collingwood Lighting (Collingwood) to Ambienta. The terms of the transaction have not been disclosed.
Collingwood is headquartered in Sywell, Northamptonshire, and is a leading designer and supplier of residential, commercial and exterior luminaires into the professional refurbishment and new-build markets in the UK and France. The company has a reputation for outstanding product quality and exceptional customer service.
Baird Capital originally invested in Collingwood in 2018 following a proactive search and marketing campaign targeting LED lighting as part of its energy efficiency investment thesis. The transaction involved backing Steve
- 16/02/2021
By Charlotte Seward (pictured), private banker at Investec – As anyone working in financial services will know, ESG is here to stay, and this is certainly clear from speaking with my clients in the private equity space.
- 16/02/2021
- 16/02/2021
Personetics, a global provider of data-driven personalisation and customer engagement solutions for banks and financial services providers, has raised USD75 million in growth funding from Warburg Pincus, a global private equity firm focused on growth investing.
Personetics is backed by Viola Ventures, Lightspeed Ventures, Sequoia Capital and Nyca Partners. Terms of the transaction were not disclosed.
Personetics offers a proprietary AI software platform to leading banks around the world. Its software touches more than 95 million personal banking customers and analyses billions of transactions daily. Personetics analyses customer financial data and behaviour in real-time, with the data staying safely
- 16/02/2021
SK Capital Partners, a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors, has appointed Daniele Ferrari as Senior Director.
Ferrari brings over 35 years of direct operating and executive experience in the chemicals industry, most recently serving as the CEO of Versalis, one of Europe’s largest chemicals companies, and as Chairman of Matrìca, a joint-venture with Novamont, a leader in the bio-plastics industry at the forefront of the renewable chemistry sector. At Versalis, Ferrari led the company’s efforts to reposition downstream and grow the company’s portfolio of higher margin, specialty and renewable chemical products, including creating
- 16/02/2021
- 16/02/2021
The London Technology Club (LTC), has invested in TIER, a European provider of micro-mobility solutions, as part of a USD250 million fundraising round.
Launched in October 2018, TIER has successfully expanded its offer to more than 90 cities across 10 countries worldwide. The investment by LTC members was made through a Special Purpose Vehicle (SPV) offered by White Star Capital.
LTC took part in the Series C funding round, which was led by SoftBank¹, with participation from existing investors Mubadala Capital, White Star Capital, Northzone, Goodwater Capital, Novator and RTP Global.
The European micro-mobility market alone offers a EUR200 billion
- 16/02/2021
Private capital funds face growing demands for transparency as mainstream investors increasingly turn to the sector to chase the higher returns it offers, new research from Intertrust and Global Custodian reveals.
Intertrust Group, a specialist in providing administration services to clients in over 30 jurisdictions, estimates that around USD5.5 billion will need to be spent to meet these increasing demands worldwide over the next five years.
The report, entitled The future private capital CFO: Evolving in a digital age and created in partnership with Global Custodian, shows that CFOs at private capital funds expect their limited partners (LPs) to require
- 16/02/2021
Umbra, a Santa Barbara-based intelligence and technology company, has raised USD32 million in an equity financing led by the family office venture fund of John Burbank, founder of hedge fund Passport Capital.
The company’s existing investors – CrossCut Ventures, Starbridge Ventures, Hemisphere Ventures, PonValley, and others – also participated.
Umbra is the inventor of a micro-satellite that can see through clouds, at night, in high resolution (<25 cm GSD). The company has agreements to deliver data to the United States government and commercial geospatial intelligence (GEOINT) firms.
Umbra was founded with a contract from a prime aerospace and defence firm,
- 16/02/2021
Premium liquid supplements specialist YourZooki has secured a GBP1.6 million funding facility with Metro Bank as it looks to accelerate its expansion into North American markets.
The new funding comes as revenues trebled in the previous twelve months, with online demand rising 750 per cent during the pandemic.
The funding will enable YourZooki to scale up its international distribution network, after signing a recent contract for US and Canadian market entry with GNC (General Nutrition Centre), the world’s biggest specialist supplement retailer. It furthers YourZooki’s share of the rapidly growing global dietary supplement market, estimated to reach USD53bn by
- 15/02/2021
- 15/02/2021
Global growth private equity firm TA Associates (TA) is to make a majority investment in IGEL, the provider of the next-gen edge OS for cloud workspaces.
TA joins existing IGEL investor C Melchers GmbH & Co KG (Melchers), which has been IGEL’s primary investor since its founding in 2001 and will maintain a significant equity interest in the company. After handing over the position of IGEL CEO to Jed Ayres last year, founder and former CEO of IGEL Heiko Gloge also remains as a minority stake holder and board member. Financial terms of the transaction were not disclosed.
IGEL
- 15/02/2021
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