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Marathon Asset Management is to acquires Kaléo, a privately held pharmaceutical company based in Richmond, Virginia, by funds managed by Marathon.
The total base purchase price is approximately USD310 million in cash, less certain adjustments, and includes potential net revenue-based milestone payments of up to approximately $70 million in cash for the 2022 and 2023 fiscal years, in a transaction that will provide liquidity for Kaléo shareholders upon closing. This new ownership structure will accelerate Kaléo’s growth serving patients at risk for anaphylaxis and other serious and life-threatening conditions.
“The sales trajectory of Kaléo has been impressive, and
Hercules Capital, a specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, together with external funds managed by its adviser subsidiary, has originated more than a record USD2.0 billion year-to-date in annual total gross debt and equity commitments, breaking its previous one-year record of USD1.47 billion.
“Having just achieved record quarterly commitments in Q3 2021, our industry-leading venture and growth stage lending platform continues at its unprecedented pace and has now passed the USD2 billion mark in annual gross debt and equity commitments
London-based Cofndrs, a customer-powered technology platform that enables companies and their customers to co-found and co-fund socially and environmentally-conscious initiatives, has completed a GBP550,000 seed investment round.
Cofndrs is on a mission to bring people and businesses together to accelerate solutions to social and environmental challenges. According to Harvard Business School professor Clayton Christensen, over 30,000 new products are introduced every year, with 95 percent doomed to fail. The Cofndrs platform enables brands and their customers to harness their collective power to collaborate on financing, new product development, marketing and sales.
People can support brands they love and become co-founders
Quest Software (Quest), a global cybersecurity, data intelligence, and IT operations management software provider, announced it signed a definitive agreement with Clearlake Capital Group is to acquire Quest Software (Quest), a global cybersecurity, data intelligence, and IT operations management software provider, from Francisco Partners.
Patrick Nichols, current CEO of Quest, will continue to lead the Company supported by the existing executive management team. Upon closing of the transaction, Clearlake will become the majority shareholder in Quest. The terms of the transaction were not disclosed.
“We have long admired Quest as a leading identity-centric cybersecurity, data intelligence, and IT operations
La Mancha Fund SCSp (La Mancha) has deployed a total of USS86 million via a strategic investment in Horizonte Minerals Plc (Horizonte).
The investment comprises a USD71 million equity investment and a USD15 million convertible loan note (the Horizonte investment). The Horizonte Investment forms part of the broader USD633 million funding package Horizonte announced on 24 November 2021 (the Funding Package).
The Horizonte Investment represents the first investment that La Mancha has made since it announced the creation of a fund structure open to outside capital in July 2021. Horizonte intends using the Funding Package proceeds to develop its 100
UNNOX GROUP, a portfolio company of the Iberian private equity firm Sherpa Capital, has completed – along with the Turkish masterbatch company AKSOY PLASTIC – the creation of a joint-venture UNNOX AKSOY.
UNNOX AKSOY will commercialise and distribute both product portfolios of AKSOY PLASTIC and UNNOX GROUP in the Middle East and Eastern European markets.
AKSOY PLASTIK, founded in 1982, is a renowned manufacturer of color and additive masterbatch based in Istanbul. The company offers its clients a wide array of high-end, personalised products both for the colour and additive masterbatch segments.
The creation of UNNOX AKSOY is part of
Substantive Research, a research discovery and research spend analytics provider for the buy-side, has completed a study examining how market share is changing in the investment research industry and which firms make up the list of highest paid providers in the industry.
Substantive Research analysed research budgets of buy-side firms representing a total of USD6 trillion in Assets Under Management (AUM).
Expert networks make it into the top 20 for the first time, with GLG and Third Bridge in positions eight and 14 respectively. It’s clear the pandemic created a surge in interest, how structural these market changes are will
Aquila Capital’s second “Aquila Capital Transformation Award” recognises Dr Ning Yan, assistant professor at the Van ’t Hoff Institute for Molecular Sciences at the University of Amsterdam.
A high-profile jury awarded the lead author for the paper “A membrane-free flow electrolyser operating at high current density using earth abundant catalysts for water splitting”. The annual Aquila Capital Transformation Award supports research for mitigating climate change and is endowed with EUR20,000.
The jury concluded that Ning Yan and his team presented an exciting and innovative way how green hydrogen can be produced more cost-efficiently and at larger scale by combining
Asterion Industrial Partners, an independent investment management firm focused on European infrastructure in the mid-market, has partnered with MS3, a provider of full fibre services to homes and businesses.
For some time, the VCT and EIS fund industry has wrestled with balancing the tax and investment aspects of its products. Unfortunately, the former is easier to articulate, and usually ends up being emphasised over the latter. A new white paper from Hardman & Co, ‘How much should clients invest in venture capital?’ firmly tips the balance back in favour of the investment case.
It applies a rigorous approach, using standard asset allocation methods to show that, for most investors, the best portfolio includes some venture capital, even without any tax reliefs. This can raise expected returns for clients. Importantly,
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