Latest News
Mid-market private equity firm Moshesh Partners Fund Management has selected Prescient Fund Services (Pty) Ltd (Prescient) as the Fund Administrator to its first private fund.
The fund’s strategy is to invest in renewable energy and clean infrastructure with the goal of securing South Africa’s long-term energy viability and empowering its people.
Moshesh Partners has been seeded by Thuso Incubation Partners (Thuso), a South African dedicated black majority-owned private equity incubator. In line with Thuso’s mission statement, the fund has embedded Broad-Based Black Economic Empowerment (B-BBEE) and Environmental, Social and Governance (ESG) principles.
“At Moshesh we strive to be the best
- 15/02/2021
Intelligence Fusion has secured a GBP400,000 investment from a number of sources to continue its growth in the expanding global intelligence market.
Led by Maven Capital Partners (Maven) the funding has been provided by the Finance Durham Fund, The Future Fund and existing investors. The follow-on investment will support the business as it enters its next phase of growth after it successfully developed and launched its intelligence data feed platform two years ago.
A total of GBP100,000 was invested on behalf of the Finance Durham Fund which was established by Durham County Council to encourage businesses to grow and
- 15/02/2021
Growth investor Grafton Capital has appointed Amaad Mahmood and Daniel Cheung to its investment team.
Mahmood joins as an Investment Director, and will focus on sourcing, evaluating, and executing investments. Prior to joining Grafton, Mahmood was a growth investor at Mobeus Equity Partners.
Cheung joins Grafton Capital as Associate Director from Downing Ventures having begun his career in Corporate Finance at Arma Partners.
Last month, Grafton Capital announced the appointment of Tom Morrell as Chief Financial Officer, who joined from Brookfield Asset Management.
These recent appointments to Grafton Capital’s investment and operational team come at a time
- 15/02/2021
- 15/02/2021
Foresight Group (Foresight), a listed infrastructure and specialist regional private equity investment manager, has sold Hedges Direct Group Limited, an ecommerce business in the gardening and landscaping sector based in Euxton, Lancashire.
This is the second exit from Foresight Regional Investment LP (the Fund), following the successful sale of Clubhouse Golf in March 2020 which generated a return of 6.1x. Following just two strong exits, GBP44.1 million has been returned to the Fund, representing 84 per cent of drawn capital, with 15 portfolio companies remaining.
The Fund’s success to date exemplifies the strength of Foresight’s regional buyout strategy, which addresses
- 15/02/2021
In this week’s Private Equity Wire podcast Karin Wasteson interviews Joe Stringer, partner at Octopus Ventures, who shares his views on trends in the healthtech space during the past year, and some of the sector’s key challenges and opportunities moving forward.
- 15/02/2021
JTC, the global provider of fund, corporate and private client services, has acquired INDOS Financial and it subsidiaries (INDOS) for a maximum consideration of GBP12.5 million.
Read the full story at Hedgeweek…
- 15/02/2021
Dispute resolution lawyer Rachael Reynolds has been appointed as global senior partner at Ogier.
Reynolds has led the Cayman litigation team on some of the largest and highest profile cases in the Cayman Islands over the last decade, including acting for investors in respect of the collapsed Abraaj Group (previously the largest Private Equity structure in the Middle East), acting for the provisional liquidators in the Ocean Rig restructuring (one of the largest contested schemes of arrangement in the world), and she was also the advocate in several of the leading cases considering the meaning and effect of the Cayman
- 15/02/2021
- 15/02/2021
United Insurance Brokers Ltd (UIBL) has appointed James Wilson as Head of M&A and Financial Lines.
“UIB is extremely pleased to welcome James Wilson who will spearhead our M&A and Financial Lines offering within our Specialty team, which offers clients the full suite of specialised insurance solutions to address complex risks.
Wilson has over 17 years’ experience in the sector and has held management positions both as an Underwriter and Broker. His expertise spans all M&A and Financial & Professional Lines products and he is a regular contributor to industry publications and frequent speaker at seminars, having worked with clients
- 15/02/2021
Tikehau Capital is to sponsor a first Special Purpose Acquisition Company (SPAC), which will focus on the European financial services sector.
Since its inception in 2004, Tikehau Capital has built a strong track-record of backing high-quality companies through equity or debt financing. Investment vehicles like SPACs are a natural extension of Tikehau Capital’s existing investment expertise, and the Group aims to leverage its global network, origination capacity and strong equity base to sponsor value-creating projects, starting with a first SPAC that will focus on European financial services related businesses, with a primary focus on scalable platforms offering strong profit growth
- 15/02/2021
Sherpa Capital, a private equity fund manager focused on mid-market companies with EUR500 million under management, announces the sale of Macrolibros, a leading Spanish printing and binding company for children’s and educational books, to Gráficas Ceyde.
Founded more than 40 years ago and based in Valladolid, Macrolibros is a market leader in the educational and children’s book sector, with a clear international vocation, generating more than 70 per cent of its sales abroad. Macrolibros enjoys product quality, processes, and machinery, allows the company to work with top level clients both nationally and internationally, maintaining a consolidated relationship as a reference
- 15/02/2021
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