PE Tech Report

Latest News

SANNE, a leading global provider of alternative asset and corporate services, has appointed Brijesh Patel as Global Head of Corporate Services.With more than 20 years of international financial services experience, Brijesh joins SANNE from State Street in Singapore where he held the role of Vice President, Relationship Management. As a qualified Chartered Accountant, Brijesh has an impressive background in managing strategic global relationships, leading servicing teams and coordinating service delivery from multiple jurisdictions and business areas to a broad range of clients invested in various asset classes. Based in SANNE’s Singapore business, he will work closely with SANNE’s Country Heads
Cultural change
A new research paper called ‘The impact of culture’, published by Thinking Ahead Institute, suggests that the implementation of cultural change across the investment industry still lags.
Intriva Capital (Intriva), an independent alternative investment manager focused on special situations, has acquired Lending Works, a UK consumer credit and peer-to-peer lending business.Intriva has further committed to providing significant additional funding and capital to support the growth of the business following completion.   Headquartered in London, Lending Works is the UK’s leading disrupter in providing consumer credit through partnerships. Launched in 2014, Lending Works has grown to become one of the largest alternative lenders in the UK having lent almost GBP250 million to loan customers.   Nicholas Harding, founder and chief executive officer of Lending Works, will continue to
Saltgate has promoted Lizette Morales to Head of Jersey Client Services.Morales joined Saltgate in 2013 and has demonstrated outstanding commitment to partnering with our clients and engaging with her team to deliver excellence. Her promotion is testament to her professionalism, her integrity and her ability to inspire those around her to achieve the best outcomes.  Morales says: “I am thrilled to take on this new role overseeing all client service delivery in our Jersey office and working with the management team in Jersey and across the Saltgate offices in the UK and Luxembourg.”  Simon Riley, Saltgate CEO, says: “Lizette’s promotion
RBS International has supported private equity group EQT by participating in its latest flagship buyout fund’s subscription credit facility. As well as being another example of the bank’s considerable support of EQT’s funds over the years, and of the Private Equity industry more broadly, this represents the first ESG-linked fund-level facility of this size in the global fund financing market. Funded by a syndicate of lenders, the facility includes an ESG pricing mechanism and is designed to incentivise the performance of the fund’s portfolio companies in improving their ESG (environmental, social and governance) performance.  RBS International has a long history of
Nanotechnology business, MIP Diagnostics, has completed a GBP5.1 million funding round to accelerate its global expansion. The co-investment has come from Mercia Asset Management, a founding investor and the largest shareholder in the company, and was led by Downing Ventures (GBP1.4m), BGF (GBP2m) and Calculus Capital.Bedfordshire-based MIP Diagnostics has developed a proprietary process for the manufacture of synthetic polymer alternatives to antibodies, known as Molecularly Imprinted Polymers (MIPs) and nanoMIPs. The company develops and manufactures synthetic affinity reagents – small molecules that are designed to bind to specific target molecules for detection, purification or extraction purposes.   The robust nature
French property for sale
AXA Venture Partners has led a USD5.8 million financing round in Unlatch, a French digital real estate sales company, including USD4.5 million in equity and USD1.3 million in debt.
Zeus Capital has made six promotions following a string of high profile transactions in the last three months.Since lockdown, the firm has completed 14 transactions, including several public company takeovers, fundraisings and M&A deals.   Within its Corporate Finance team, Zeus Capital has promoted Nick Cowles to deputy head of corporate finance; Jordan Warburton to director and Kieran Russell, Rishi Majithia and AJ Reus to associate director. Rachel Birkett has been promoted to director in the research team, and Anna Thomas, who leads Zeus Capital’s private client offering, has also been made a director.   Cowles has been with Zeus
Luxury homeware wholesaler, Fifty One Percent Limited, has secured a GBP250k finance package from the Midlands Engine Investment Fund Debt Finance, managed by Maven Capital Partners.The funding will allow the Leicestershire-based business to hire four additional staff, while expanding its product line and sales and marketing function. Fifty One Percent operates as a wholesaler and distributor of homeware products including porcelain and chinaware, soft-furnishings, kitchen textiles and bathroom accessories. The firm lists major retailers as customers including John Lewis, Harrods’ and Selfridges. The firm also supplies internationally to Anthropologie, David Jones, De Bijenkorf and Galeries Lafayette. Husband and wife management
Growth capital investor VGC Partners has promoted Andrew Lister to partner. The promotion comes a year after Lister joined the firm from Marlin Equity Partners as investment director. In this time, he has driven operational excellence and value creation within the portfolio, helping implement and drive 180-day plans to identify scale up opportunities and improve strategic decision making. He has also integrated robust institutional processes with key stakeholders and LPs.   Examples include WIT Fitness, a sportswear retailer which received a GBP2 million investment in February 2019. Lister has been instrumental in developing WIT’s e-commerce business and scaling-up operations, and he

Special Reports

Featured

Events

05 June, 2024 – 8:30 am

Directory Listings