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MNT-Halan, Egypt’s leading fintech ecosystem, has secured a circa USD120 million investment by major global and regional growth investors: Apis Growth Fund II, Development Partners International (DPI), and Lorax Capital Partners.
In addition, the company has also attracted venture capital backing from Middle East Venture Partners, Endeavor Catalyst, and DisruptTech. This round of investment demonstrates confidence in the fintech opportunity in Egypt and further institutionalises the capitalisation table of MNT-Halan. Previous investors of MNT-Halan have included GB Capital, DPI, Algebra Ventures, Wamda, Nowaisi Capital, Unidelta, Egypt Ventures, Battery Road Digital Holdings, and Shaka VC.
Capitalising on MNT-Halan’s first mover
Mainstream Fund Services, a global provider of full-service fund administration, and part of Mainstream Group Holdings Limited (ASX:MAI) (Mainstream), has selected Harmonate to provide private capital data operations.
Harmonate is partnering with Mainstream to consolidate its automation of document and data processing and intelligence. The relationship encompasses both the range of documents and reporting automated, and the comprehensiveness of each workflow.
“Mainstream is one of the first global fund services firms to recognise and respond to private capital leaders’ expectations for software development-style speed and agility in their operations,” says Harmonate CEO Kevin Walkup. “The implementation of more nimble
HIG Capital (HIG), a global alternative asset management firm with USD45 billion of equity capital under management, has closed its inaugural European Middle Market Fund, HIG Europe Middle Market LBO Fund, with aggregate capital commitments of EUR2 billion.
Greengage Global Holding (Greengage), a UK registered company, which plans to become the first digital merchant bank via its wholly owned Gibraltar subsidiary Greengage & Co Ltd, has received a second institutional investment, in addition to its recent GBP2.5 million investment from IOVLabs.
Greengage & Co. Ltd is currently engaged in the regulatory approval process with the Gibraltar Financial Services Commission (GFSC) to receive a Gibraltar banking licence.
Aquis-listed Blockchain and Open Finance venture builder, Coinsilium Group Limited (Coinsilium) has invested GBP200K in convertible notes and taken GBP300k equity in a secondary stake sale at a GBP27.3 million valuation
Factorial, a Barcelona-based HR software company that streamlines people management, has closed an USD80 million Series B funding round led by Tiger Global Management, with participation from previous investors CRV, Creandum, Point Nine, K Fund, and Columbia Lake Partners bringing the total funding amount to USD100 million.
This is not the first time Factorial has attracted a global leader in growth-stage capital. This round comes on the heels of a 2020 USD16 million Series A led by CRV, an investor in tech giants like Twitter, Dropbox, and over 70 IPOs.
Factorial, which serves thousands of clients in more than 65
Manchester-based technology business Culture Shift has secured GBP1.5 million in a funding round led by Praetura Ventures and Blackfinch Ventures.
Compass Group Equity Partners (Compass Group) has sold Beacon EmbeddedWorks (Beacon) to discoverIE Group, a publicly traded FTSE 250 company listed on the London Stock Exchange.
Beacon was an add-on acquisition and subsidiary of Compass Electronics Solutions, a current Compass Group portfolio company. Founded in 2001, Beacon designs, manufactures, and supplies mission critical System on Modules (SOMs) to the most regulated markets, notably medical, where high reliability and performance are critical.
Compass Group acquired Logic PD, now known as Beacon, in 2018 for its design and engineering expertise which reduces costs and shortens the time-to-market for new products for
Citizens M&A Advisory has served as the financial adviser to Ridgemont Equity Partners on its acquisition of Sparus Holdings (Sparus), a provider of critical outsourced field and professional services for utility and industrial customers.
Citizens also served as Administrative Agent for the senior debt financing that supported the transaction, which closed in March 2021.
Headquartered in Charlotte, North Cafrolina, Ridgemont Equity Partners is a middle-market buyout and growth equity investor. The firm focuses on equity investments up to USD250 million and utilises a proven, industry-focused investment approach and repeatable value creation strategies.
Sparus and its subsidiaries, Southern Cross and
Private market investors with USD2.3 trillion of assets including M&G, Neuberger Berman and Nuveen are, for the first time, requesting standardised environmental disclosure from over 1,000 privately held portfolio companies through CDP, the non-profit global environmental disclosure platform.
A trend towards the privatisation of high-carbon assets, such as BP’s sale of its Alaska Oil and Gas business to Hilcorp Energy, risks diminishing transparency and performance on ESG issues since private companies do not have to comply with the reporting requirements of a listed entity.
To address this gap in transparency, CDP has collaborated with a global group of influential investors
The Standards Board for Alternative Investments (SBAI) has appointed Paula Volent, Vice President and Chief Investment Officer of The Rockefeller University, to its Board of Trustees.
Mario Therrien, Chair of the SBAI, says: “We are absolutely delighted to welcome Paula to our Board. She brings a keen understanding of the challenges and opportunities in our industry and a wealth of experience and knowledge from the endowment perspective.”
Volent says: “The SBAI has a strong history of innovation, problem-solving and improving practices in the alternative investment industry. I am thrilled to be joining the SBAI Board and look forward to being
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