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Alter Domus, a provider of integrated solutions for the alternative investment industry with USD1.3 trillion in global AUA, and Canoe Intelligence (Canoe), a financial technology company redefining data management processes for alternative investors and allocators, have formed a strategic partnership to provide clients with alternative data management solutions that combine best-of-breed automated technology and data accuracy.
Experienced private equity and venture capital finance director, Marcus Karia has joined fast growing YFM Equity Partners (YFM) as chief financial officer.
Joining YFM as a partner, Karia will work across YFM’s offices in London, Leeds, Manchester, Reading and Birmingham. Over the last 13 years, he has held roles across the fund management industry, including with Bridges Fund Management and with LDC, the private equity arm of Lloyds Banking Group.
Most recently, Karia was group finance director of London Stock Exchange-listed venture capital firm Arix Bioscience plc, dealing with all aspects of its operations and overseeing finance, portfolio monitoring
Thompson Street Capital Partners (TSCP) portfolio company PestCo Holdings, LLC (PestCo), an acquisition company formed to consolidate the highly fragmented pest control industry, acquired the assets of Presto Pest Control, Inc (Presto).
Located in Telford, PA and founded in 1999, Presto is a provider of commercial pest control services in the middle Atlantic with a particular focus on serving the restaurant industry. Presto is PestCo’s first acquisition. Terms of the transaction were not disclosed.
Jay Keating, CEO of PestCo, says: “Presto is an ideal starting point for our consolidation efforts at PestCo. Ken Fox has built a high-quality
Kudo Insurance (Kudo) has started fundraising for its Series A, as it launches its new app designed to radically change how insurance is typically consumed, priced and distributed.
The business has a five-year ambition of becoming the most profitable and popular insurer in the UK, notable given the sector’s recent struggle to deliver profit. The market Kudo is addressing is a sizeable one, with GBP16 billion of gross written premiums in 2019, but the sector is loss making and suffers significant reputation and trust issues. Kudo believes by being mobile first and harnessing great technology and product it can start
VSS Capital Partners (VSS), a private investment firm investing in the healthcare, information, business services and education industries, has invested in The HFW Companies (HFW), a newly formed platform and partnership focused on investing in architecture, engineering, and construction (AEC) services firms.
Concurrently, HFW has introduced its first member firm – Miller Legg, an award-winning multi-disciplinary engineering and consulting firm based in Fort Lauderdale, Florida. Financial terms of the transactions have not been disclosed.
Headquartered in St Louis, Missouri, HFW is led by an executive team of three industry veterans who have experience in AEC services including prior operating,
Clayton, Dubilier & Rice has completed the sale of Solenis, a leading global supplier of specialty chemicals and services forwater treatment applications, to Platinum Equity.
Renaissance (Renaissance), a specialist in pre-K–12 educational technology, has secured a significant equity investment from private equity funds managed by Blackstone alongside existing investors including Francisco Partners and TPG’s The Rise Fund.
Francisco Partners, a leading global investment firm that specialiaes in partnering with technology businesses, acquired the Company in 2018 and will remain a major shareholder. Blackstone’s investment will be made through its flagship private equity vehicle.
Founded in 1986, Renaissance combines decades of experience in assessments with personalised instruction and analytics solutions delivering teachers and administrators the tools to plan, lessons to teach, and the resources to motivate
The Depository Trust & Clearing Corporation (DTCC) is launching a new platform to streamline the issuance, transfer and servicing of private market securities.
As described in a new industry report, “Digital Securities Management: Bringing Private Markets Infrastructure Into the 21st Century,” DTCC’s new Digital Securities Management (DSM) platform will, subject to regulatory approval, for the first time, provide an industry-wide solution that offers common market infrastructure and standards across private markets. The platform represents the next major milestone in DTCC’s efforts to bring automation, standardisation and efficiency to the private markets, building upon its Project Whitney case study.
DSM
Global law firm Dechert has published its annual Global Private Equity Outlook report in association with Mergermarket, a leading provider of M&A data and intelligence.
The benchmark report, which examines how private equity (PE) firms continue to successfully navigate their way out of the pandemic, has found that the unprecedented deal activity within the sector shows no signs of letting up, with the industry on course to far exceed past previous records.
Between January and September 2021 alone there has been USD1.17 trillion worth of deals recorded, already eclipsing every prior full-year total stretching back to 2015. In other words,
Confluence Technologies (Confluence), a technology solutions provider helping the investment management industry solve complex investment data challenges, is to acquire Compliance Solutions Strategies (CSS), a global regulatory software (RegTech) company that enables financial services firms to meet mandatory regulatory compliance requirements.
Confluence is backed by Clearlake Capital Group and TA Associates (TA).
Founded in 2017 and headquartered in New York, CSS offers clients a next-generation global RegTech platform underpinned by its proprietary Regulatory Book of Record (RBOR) data management solution. Servicing more than 600 clients globally, including nine of the top 10 global asset managers and six of the
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