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Middle market private equity firm Levine Leichtman Capital Partners (LLCP) has announced several promotions in the firm’s investment team.• Tannaz Chapman to Managing Director
• Michael Knapp to Director
• Jay Berajawala to Associate Director
• Steven Korff to Associate Director
• Monty Ismail to Associate Director
• Robert Papetti to Senior Associate
• Alexander Bruno to Senior Associate
LLCP also announced that Ted Jeon has joined the firm as a Director on the Investment Management Team. Jeon was previously a Principal at Kohlberg & Company.
Matthew Frankel, a Managing Partner at LLCP, says: “We are pleased to
- 11/09/2020
Willo, a Scottish tech start-up that allows users to easily interview people on video at scale, has raised a GBP250,000 seed round from Guernsey-based VC 1818 Venture Capital and board members.The significant funding will allow the Glasgow-based video interviewing software company, which has grown at least 80 per cent each month since April, to grow the company further internationally, begin a recruitment drive for 24 members of staff and advance product development.
The Willo platform is already used in more than 60 countries across the globe. Prior to the pandemic, 95 per cent of the business was recruitment but
- 11/09/2020
When it comes to finding value in Europe, private fund funds have a large mosaic of investment opportunities to consider, given the jurisdictional, regulatory and market differences across the 27 EU member states (which now does not include the UK).
- 10/09/2020
- 10/09/2020
Paris-based Yotta Capital Partners held the first closing of its Yotta Smart Industry fund at EUR101 million at the end of July, targeting a final amount in excess of EUR120 million.
Institutional investors, including Bpifrance and the European Investment Fund, are the main investors in the fund, as well as private investors from the field of industry and finance. Nathalie Balland at Syperus Finances acted as advisor on the fundraise.
The fund will focus on French industrial SMEs to assist them in their transition towards the so-called fourth industrial revolution megatrend, becoming “more competitive, more international and more carbon efficient,”
- 10/09/2020
Clayton, Dubilier & Rice has appointed Alfred (Fred) Festa, former Chairman and Chief Executive Officer of WR Grace & Company (NYSE: GRA) as an Operating Advisor to the firm’s funds.Festa has a demonstrated record of success in senior corporate leadership positions. He joined Grace as President and Chief Operating Officer in 2003 and went on to serve as Chief Executive Officer from 2005 until 2018 and Chairman until 2019. He is credited with leading the WR Grace’s operational turnaround, including repositioning the company’s business portfolio by spinning off its construction chemicals and packaging operations and integrating 27 acquisitions, expanding into
- 10/09/2020
Neuberger Berman has held the close of the NB Specialty Finance Fund (NBSF), an alternative credit offering, with over USD300 million of committed capital from a global investor base that includes insurance companies, pension funds, asset managers, RIAs, and family offices. The Fund’s objective is to complement more traditional private debt strategies by seeking to generate attractive current income via short duration transactions. Fintech companies are often at the centre of the group’s efforts and direct relationships. The group generally targets investment partnerships primarily focused on consumer and small business related receivables and structures the transactions through a mix of forward
- 10/09/2020
Chiltern has added two experienced hires to its investment team. Joe Bennett joins as an Investment Manager. He previously worked at a private family office where he led lower-mid-market deals across a number of sectors, including TMT, Business Services and Healthcare, and prior to that was a Manager in KPMG’s mid-market Transaction Services team.
Bennett says: “I’m excited to be joining Chiltern as they continue with their ambitious growth plans. Having spent most of my career working with UK SMEs as both an investor and advisor, I am looking forward to supporting the development of Chiltern’s current and future investee companies.”
- 10/09/2020
QuadSAT, a Danish company that specialises in test and measurement of satellite antennas, has closed a EUR2 million Pre-Series A Investment.The round was led by Seraphim Capital, the world’s first venture fund dedicated to SpaceTech, Vaekstfonden, the Danish state’s investment fund, and Angel Investor, Helge Munk.
The use of space is key to solving significant challenges faced in the world – from ensuring worldwide connectivity to providing data to solve environmental issues. As a multitude of sectors start looking toward space, the number of satellites in orbit will increase significantly in the next few years.
With the amounts of communication
- 10/09/2020
- 10/09/2020
6 Degrees Health, a provider of technology-enabled healthcare cost containment solutions for self-insured employers, has secured a significant investment from FTV Capital, a sector-focused growth equity investor in innovative companies in enterprise technology and services, financial services, and payments and transaction processing. This investment will enable 6 Degrees Health to expand its platform, which enables employers to realise significant cost savings while also generating best-in-class employee experience.
6 Degrees Health’s reference-based pricing solutions encourage health plans to pay providers a fair rate, without unduly restricting employee benefits. 6 Degrees Health’s proprietary MediVI technology platform collects, analyses and benchmarks claims and
- 10/09/2020
China Renaissance Holdings (China Renaissance), has held the final closing of Huaxing Growth Capital’s USD Fund III with more than USD600 million in committed capital, backed by top-tier global institutional and individual investors from Europe, Asia and the Middle East, including sovereign wealth funds, commercial banks, fund of funds and family offices.The close of the USD Fund III marks another fundraising milestone for Huaxing Growth Capital following the close of the RMB Fund III which raised over CNY6.5 billion last year. To date, China Renaissance’s private equity funds have approximately CNY40 billion of assets under management (“AUM”) in total.
After
- 10/09/2020
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