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Taussig Capital has acquired all of the voting shares of Spencer Re I I, an International Insurance Company founded in 2006 and licensed in Puerto Rico.
Joseph Taussig, CEO of Taussig Capital, founded Spencer Re 16 years ago and served as its chairman until 2014. The company is being re-branded as Taussig Capital Re and will offer reinsurance to primary insurers and reinsurers looking to optimise their reinsurance programs and access non-traditional sources of insurance capital.
Taussig Capital Re is able to segregate pools of assets and liabilities, creating unique opportunities for exposure to a broad spectrum of insurable risks
finnCap Group has appointed Zuleika Salter as Co-Head of its Private Growth Capital division.
finnCap is a provider of strategic advisory and capital raising services to growth companies. As an integral part of the firm’s full-service offering, the private growth capital team is focused on partnering with the most innovative, entrepreneurial businesses, helping them raise capital from VCs, VCTs, private equity and family offices.
The appointment will strengthen finnCap’s Private Growth Capital division and enhance the team’s ability to source funding for its clients from an increasingly large pool of capital. By developing long-term relationship with businesses, finnCap, through
Sofinnova Partners, a European life sciences venture capital firm based in Paris, London and Milan, has closed its latest early-stage healthcare venture capital fund, Sofinnova Capital X, oversubscribed at EUR472 million (USD548 million).
Seraphim Space, the manager of Seraphim Space Investment Trust plc (LSE: SSIT), the world’s first listed Space Tech Fund, has appointed the former Investment Director of Virgin Management, Andre Ronsoehr, to help develop and build out the space investment portfolio. The appointment is effective immediately.
Ronsoehr joins Seraphim Space as Investment Director following a career focussed on the space sector, working for almost a decade at Virgin Management – the family office of Sir Richard Branson. Ronsoehr co-led the seed investment in One Web in 2015 and was instrumental in investments into Virgin Galactic and Virgin Orbit. During this time
Primer has closed a Series B funding round that values the payments infrastructure startup at USD425 million only 20 months after being founded.
The USD50 million Series B fundraise was led by ICONIQ Growth, a San Francisco based investment firm that has backed global tech companies such as Adyen and Marqeta to Snowflake and Datadog. Existing investors, including Accel, Balderton Capital, Seedcamp, Speedinvest, and RTP Global all participated in the round.
Primer, which was founded in early 2020 by ex-Paypal/Braintree employees and employs more than 70 people across 20 countries, has built the world’s first automation platform for payments.
Roy
Orgnostic, a people analytics platform helping fast-growing companies to democratise people analytics, has raised USD5 million in funding.
The seed round was led by Earlybird Digital East, and includes participation from a roster of impressive investors, including Script Capital and angel investors including Eric Ries and Tiho Bajic of Lean Startup and LTSE, Rony Kahan of Indeed, and Charlie Songhurst of Microsoft. This is in addition to previous investment from South Central Ventures.
In recent years, a huge number of different tools have been made available to HR professionals each focusing on different elements of the people management stack.
Goldman Sachs has emerged as the top mergers and acquisitions (M&A) financial adviser in the Asia-Pacific (APAC) region during Q1-Q3 2021, in terms of value as well as volume, according to data and analytics company GlobalData.
An analysis of GlobalData’s Financial Deals Database reveals that the US-based investment banking major advised on 37 deals worth USD98.7 billion, the highest value among all the advisers.
According to GlobalData’s report, ‘Global and Asia-Pacific M&A Report Financial Adviser League Tables Q1-Q3 2021’, a total of 5,414 M&A deals were announced in the region during Q1-Q3 2021. Deal value for the region decreased by
Calculus portfolio company, CloudTrade, has been acquired by Advanced, a provider of business software, delivering a four-times return to Calculus investors in just over three years.
The CloudTrade platform, which automatically processes and interprets electronic documents, is primarily used to automate invoice handling for large companies, which saves time, improves accuracy and reduces cost. Calculus invested, from its EIS and VCT funds, in July 2018, having been impressed by the patented technology, strong management team and large addressable market. During the investment period the company’s revenues have grown significantly, and multiple new partnerships and contracts have been won.
Richard
BGF has made a successful exit from Magma Global Limited, a provider of composite pipe technology to support the Energy Transition.
The Portsmouth-based company has been acquired by TechnipFMC plc, a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
BGF backed Magma in December 2012 and has supported the business’ expansion efforts over the past eight years.
The initial investment allowed Magma to export tools and equipment to key overseas markets and expand its recruitment prospects as the business grew internationally.
Mark Bryant, head of manufacturing at BGF,
FDH Aero (FDH), an aerospace and defence products distributor serving aircraft production and aftermarket supply chains, has acquired Stealth Aerospace (Stealth).
Stealth Aerospace, founded in 1995, is a stocking distributor of aerospace electrical and electro-mechanical components including relays, switches, connectors, lamps, avionic components, latches, wire & cable and other electrical products to the airlines and aerospace industry worldwide. Based in Southern California, Stealth brings to FDH a leader in the US commercial and cargo aerospace aftermarket, strengthening FDH’s ability to serve its global aftermarket customer base.
“Alon and the Stealth team have built a remarkable business servicing many of the
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