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BV Investment Partners (BV), a middle-market private equity firm focused on the tech-enabled business services, software and IT services sectors, has sold Franco Signor, a provider of Medicare Secondary Payer (MSP) compliance solutions for self-insured companies, insurers, and third party administrators, to data analytics provider Verisk.Franco Signor will become part of Verisk’s Claims Partners business, another leading provider of MSP compliance and other analytic claim services.   Franco Signor, headquartered in Bradenton, Florida, is a full-service provider of MSP compliance software and outsourced services. The Company’s customers rely on Franco’s deep domain expertise, robust integrated technology platform and flexible reporting
Global law firm Dentons has advised the management of Idealista on the EUR1.32 billion sale of the company to EQT, a Swedish-based global investment company. Headquartered in Madrid, Idealista is the leading online real estate classifieds platform in Southern Europe, and operates in Spain, Portugal and Italy.   The sellers were Apax Partners and Idealista’s management. Under the terms of the transaction, EQT will acquire majority ownership, while Idealista’s management will continue to lead the company and will reinvest in it.   The transaction is expected to close by the first quarter of 2021, subject to regulatory approvals in Spain, Italy and
Gridiron Capital portfolio company Colibri Group (Colibri), an education company with brands that provide learning solutions to licensed professionals, has acquired HomeCEU, a specialist in continuing education for healthcare professionals with a focus in therapy professions.“We are committed to helping healthcare professionals manage and advance their careers by providing high-quality courses and learning experiences,” says Mike Duran, Chief Executive Officer of Colibri Group. “HomeCEU is a well-respected brand in healthcare education and the addition of their depth of expertise in therapy professions allows us to continue to build and expand our leading offering in healthcare education.”    HomeCEU will join
Westbridge has appointed Katherine Bond as investor relations director as the firm prepares the pre-marketing of its third fund.She brings 20 years’ experience in the private equity sector, most recently as a consultant at  Cadence Equity Partners and at Keyhaven Capital Partners, where she was a partner. At WestBridge, Bond will be responsible for liaising with LPs and developing new relationships with institutional investors, family offices and HNW individuals.   Managing partner Guy Davies says: “We are thrilled to have recruited Katherine, who will play a pivotal role in our fundraising activities, starting with WestBridge III which we anticipate launching
Neuberger Berman-owned  Marquee Brands a global brand owner, marketer and media company, has appointed Neil Fiske as its first chief executive officer. Fiske has 20 years of brand building experience across various consumer segments. Most recently, he was the chief executive officer of the GAP brand.    “Neil brings world-class multi-brand operational experience to Marquee Brands and has a track record of successfully building and repositioning brands. We are very excited to have him lead the team as the company’s first chief executive officer. Neil has the leadership track record and breadth of business experience we believe are critical to lead
Lafayette Mittelstand Capital has acquired 100 per cemt of Jurchen Technology in a Carve-Out Transaction from BELECTRIC Solar & Battery.Jurchen Technology is the only company on the market to offer both mechanical components of the substructure and the matching electrical DC cabling from one source. The company specialises in large-scale solar plants, including this year a project in India (250 MW AC) and the Limondale project in Australia (249 MW AC).  Jurchen’s patented PV ‘PEG’ substructure offers lowest material consumption, shortest plant construction times, and lowest capex requirement by its Solar Plant Customers. Together with PV Cable systems Jurchen offers
Investment flows between Guernsey and the United States are growing, according to new research commissioned by the island’s government.Guernsey-domiciled funds saw a capital flow of GBP43 billion into the US in mid-2019, with a third of that figure originating in that country. More than two-thirds of that figure was invested in private equity. US investors backed Guernsey-domiciled funds with GBP43.6 billion, more than GBP33 billion of which was invested globally, particularly Europe.   In mid-2019 the net asset value of Guernsey-domiciled funds under management and administration in Guernsey was GBP227.7 billion.   Rupert Pleasant, Chief Executive of Guernsey Finance, says:
Siepe, a provider of technology, data and analytics, has closed a Series A funding round led by a group of high net worth individuals.  Siepe will use the proceeds to expand its cloud-based Software as a Service (SaaS) and IT infrastructure service offerings, grow its executive team and increase sales and marketing investment. The investment comes at a time of increased demand for robust cloud-based technology, especially as asset managers address the growing challenges of remote work environments. In addition to Siepe’s recent appointment of Brian Shearer as Chief Product Officer, the Company has hired former Abacus Group director, Darrell
Coronavirus burden
By Susana Garcia-Robles, Venture Partner, Capria Ventures – Face masks and frequent hand-washing are the new routine. But how can a company be safer in the new normal? “Good contractual hygiene,” says Joe Wallin, principal at Seattle-based Carney Badley Spellman. In particular, companies should be sure to understand – and where possible, standardise – force majeure language across all their legal contracts. Wallin, and attorneys like him that work with venture stage companies, point to the same disturbing pattern. “I talked to someone who reviewed 200 [force majeure clauses] and he didn’t find the word ‘pandemic’ once”, he says. With
Eurazeo Capital, Eurazeo’s investment division focused on growth buy-out opportunities, has appointed Eric Sondag as Managing Director in New York. Sondag is a proven private equity leader with deep industry expertise in media, communications and tech-enabled business and consumer services. He will be responsible for driving new investment opportunities and strengthening Eurazeo’s reputation in North America.   Marc Frappier, Managing Partner and Head of Eurazeo Capital, says: “We are pleased to welcome Eric to Eurazeo Capital. His addition demonstrates our commitment to investing in US companies with global growth potential. Eric’s significant domain expertise, diverse experience investing in global firms and

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