PE Tech Report

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Natasha Head, Maitland
By Natasha Head, business development manager, ManCo services & PERE, Maitland – The impact of Covid-19 on the global private equity market is uncertain. December 2019 concluded a very strong decade, a period of significant growth with overwhelming fundraising figures and outperformance of public markets. There was a bright path ahead: a time for real consolidation, focus on operating models, ESG and diversity, growth of the secondaries market and increase capital flow to new jurisdictions.
In4Trade has launched a new e-platform aiming to help owners of multiple companies such as private equity funds, family offices and investment funds to leverage their combined indirect purchasing spend. By bundling and consolidating their combined indirect purchasing volumes at lower overall cost and higher service levels, In4Trade offers benefits that individual portfolio companies cannot obtain on their own. In4Trade enables the bundling of indirect spend of companies belonging to a singular portfolio owner, as well as the aggregation of the indirect spend of other portfolio owners. The In4Trade platform is free of charge, does not require software implementation and is
EyeSouth Partners (EyeSouth) has completed an affiliation with Retina Associates of Middle Georgia (RAMG). The affiliation represents EyeSouth’s eighth in the state of Georgia and eighteenth affiliation overall. EyeSouth is an eye care-focused management services organisation backed by Shore Capital Partners, committed to partnering with leading physicians to build a premier network of eye care services in the South. EyeSouth’s affiliate network consists of 18 practices with approximately 126 doctors providing medical and surgical eye care services at approximately 73 locations including 11 surgery centres throughout Georgia, Texas, Louisiana, North Carolina, Florida, Tennessee, and Alabama. Retina Associates of Middle Georgia is
Urgent action is required to close the UK’s growth capital gap, according to a report released today by Innovate Finance, the ScaleUp Institute and Deloitte, by accelerating, evolving and expanding existing initiatives under a national framework for growth. This work has been undertaken in collaboration with industry, investors and the Business Action Council (BAC).The report, The Future of Growth Capital, stresses that closing the emerging GBP15 billion gap will provide opportunities for aiding the UK’s economic recovery post-Covid, generating future prosperity and boosting regional economies, productivity, innovation and internationalism.   Growth capital refers to the financing that enables scaling innovative
Vivaris Capital, a private equity group focused on alternative asset investments, has entered into a strategic, broker-dealer partnership with Entoro Capital, a technology-enabled global investment bank and broker-dealer. Vivaris Capital is raising capital through its structured financial product called VICAN to launch United Cancer Centers, Inc. (UCC). Vivaris engaged Entoro for its diverse global investor base, technologically advanced investor portal that safely and securely streamlines the entire investment process and its track record of bringing highly vetted projects to investors globally, with maximum efficiency, end-to-end security, and seamless execution.  Entoro provides advice and services to a wide range of established and
Anexsys Group, which provides technology and consultancy services for law firms, corporations and the public sector, has been acquired by private-equity-backed Xact Data Discovery (XDD) from Hobs Group.  Anexsys Group continues to operate in its current London and Manchester offices under the name of Anexsys as part of the XDD portfolio of brands.     As part of the deal, BGF – the UK’s most active investor – has exited its investment in Anexsys, which it has backed since 2014 as part of Hobs Group. In this period, Anexsys’ revenues rose from GBP2.1 million (2015) to GBP7.3 million in 2020 with an
Actis, an investor of private capital into global emerging markets has, via its Actis Long Life Infrastructure Fund (ALLIF) completed the acquisition of two solar projects in India totalling 400MW from Acme Solar Holdings Ltd. These projects are located in the Indian states of Andhra Pradesh and Madhya Pradesh respectively. Actis is a leading investor in Indian renewables where it invests through ALLIF and Actis Energy Funds. ALLIFs investment strategy targets large operating renewable assets for the long-term, maximising yield through value creation. Actis’ recent investments through its Energy Funds include Ostro Energy which was sold in 2018 in one of
BTIG has appointed J Rory Rohan as a Managing Director within its Healthcare Investment Banking division. Rohan will be based in the firm’s New York office, and will report to KC Stone, Managing Director and Head of Healthcare Investment Banking, at BTIG.In his new role, Rohan will work to expand the firm’s life sciences capabilities and private placement services across its investment banking verticals. As a dedicated product specialist, he will be tasked with structuring and originating transactions for corporate clients. BTIG Investment Banking has seen a steady increase in its deal flow and banking activity in the last 12
Genstar Capital, a private equity firm focused on investments in targeted segments of the financial services, healthcare, industrial, and software industries, has teamed with existing management to invest in Sonny’s Enterprises (Sonny’s), a specialist in conveyorised car wash equipment, chemicals, controls, service and parts. Based in Tamarac, Florida, Sonny’s is the one of the largest global manufacturers of conveyorised car wash systems and provides a complete, integrated suite of products and services that meets all the needs of car wash owners and operators. The Company serves both small independents and large national car wash chains throughout the US and internationally. Established
Intercontinental Exchange (ICE) is to acquire Ellie Mae, a cloud-based platform provider for the mortgage finance industry from private equity firm Thoma Bravo in a deal valued at approximately USD11 billion. The deal, following ICE’s acquisition of a majority stake in MERS in 2016, and the remainder in 2018, and the acquisition of Simplifile in 2019, establishes ICE, through its growing ICE Mortgage Services network, as a leading provider of end-to-end electronic workflow solutions serving the evolving US residential mortgage industry. Ellie Mae, based in Pleasanton, California with approximately 1,700 employees, was founded in 1997 with a mission to automate and

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