Latest News
Akia, a Menlo Park-based start-up focused on transforming the way hotels engage with their guests, has secured a new round of funding from GSR Ventures, an early-stage venture capital firm with more than USD3 billion under management. Akia will utilise the capital to accelerate and expand implementation of its AI-enabled SaaS platform, which allows hotels to provide guests with contactless options such as pre-arrival check-in and shifting in-person guest communications to text messaging. Akia’s customers include brands such as Hyatt, Marriott, Best Western, NoMad, The Ritz-Carlton Club & Residences, and many luxury boutiques.
“Akia’s messaging platform helps hotels provide superior
- 17/06/2020
- 17/06/2020
Trinity Consultants (Trinity), a portfolio company of Levine Leichtman Capital Partners (LLCP), has acquired Vision Environment Australia Pty Ltd (Vision Environment). Vision Environment, based in Queensland, Australia, is a leading provider of water quality monitoring services to clients involved in commercial dredging and other industrial activities that impact the marine environment.
Trinity is a leading provider of regulatory-driven environmental, health & safety and engineering consulting services. Trinity specialises in highly technical, compliance-driven services with a core presence in air quality and an expanding presence in adjacencies such as commissioning, qualification and validation, process safety management, toxicology and water quality. Trinity operates
- 17/06/2020
Investcorp’s portfolio company Calligo Limited (Calligo), an end-to-end managed data services provider, has acquired Itomic Voice & Data Ltd (Itomic). Itomic is a Cork- and Dublin-based IT managed services provider, specializing in IT solutions and maintenance and managed Microsoft 365 and Azure services.
Founded in 2012, Jersey-based Calligo puts data and its privacy at the heart of a tailored collection of managed data services for SMEs and enterprises, including IT managed services, managed cloud services, data privacy services and privacy-by-design machine learning services. Investcorp Technology Partners via Investcorp Technology Fund IV backed Calligo in 2016 and has invested more than
- 17/06/2020
One Equity Partners (OEP), a middle market private equity firm, has appointed R Todd Bradley as an Operating Partner. Bradley will have a broad mandate as an Operating Partner, where he will bring his extensive executive experience to bear working with OEP’s investment teams to identify operational excellence opportunities within the firm’s portfolio and with respect to new investments. As an executive with decades of governance, senior leadership, strategic growth and operations experience, Bradley will serve as both a board member and executive resource for OEP’s portfolio companies.
“As a firm focused on helping our investments achieve the highest levels of
- 17/06/2020
There has been a big leap in investor satisfaction with the transparency of GPs’ disclosures and communications, according to Coller Capital’s latest Global Private Equity Barometer. In the years following the Global Financial Crisis, only two in five LPs were satisfied with their GPs’ transparency. Four in five Limited Partners are satisfied today.
Many private equity investors believe rising geopolitical tensions will have a material effect on the asset allocation of private equity and venture capital funds in the next few years. And many also expect higher political risk in private equity’s emerging markets – especially Russia, China, the Middle
- 17/06/2020
IQ Capital, a deep-tech venture capital firm based in Cambridge and London, has appointed Simon Hirtzel as General Partner.Hirtzel, alumnus of the University of Cambridge holding a degree in Natural Sciences, served as Chief Financial Officer at PA Consulting Group until 2007, then as Chief Operating Officer of Kreos Capital, Europe’s leading growth debt provider for high-growth companies. In his new role at IQ Capital, Hirtzel will focus on building LP relationships to further IQ’s ambitions of taking companies through their entire growth cycle, from seed to exit. Hirtzel brings to IQ his experience of managing operations, finance and compliance
- 17/06/2020
- 17/06/2020
Swappie, an end-to-end online marketplace for buying and selling refurbished smartphones, has raised a USD40.6 million (EUR35.8 million) Series B funding round. Participants in the round included TESI, alongside existing investors Lifeline Ventures, Reaktor Ventures, and Inventure – all of which participated in Swappie’s Series A in 2019 – bringing the total amount raised by Swappie to USD48 million (EUR42.5 million). The funding will be used to accelerate Swappie’s international expansion and to support the company’s rapid growth.
Swappie was co-founded in 2016 by Sami Marttinen (CEO) and Jiri Heinonen (CMO) with the simple mission of providing customers with a way to upgrade their phones
- 17/06/2020
GreyLion Capital (GreyLion) has completed its spin out from Perella Weinberg Partners Capital Management (PWP). Established as part of Perella Weinberg Partners Asset Management business in 2012, GreyLion is now an independent, employee-owned investment firm, focusing on investing in a diversified portfolio of high-growth businesses in the middle market. Going forward, PWP will not have any role in GreyLion’s governance. Certain PWP employees and partners will continue as supportive limited partners in GreyLion-managed funds.
Chip Baird and David Ferguson will continue to lead GreyLion and will serve as the firm’s Managing Partners. All investment and certain related non-investment staff dedicated to
- 17/06/2020
- 17/06/2020
Consonance Capital Partners (CCP), a US healthcare focused private equity firm, has promoted Javier Starkand and Sean Breen Partner. Both joined CCP in 2012 and had previously worked with the Founders prior to CCP.Stephen McKenna, Managing Partner and Co-Founder of CCP, says: “We’re thrilled to recognise these two impressive individuals who have contributed substantially to the firm’s success.”
Benjamin Edmands, Managing Partner and Co-Founder, adds: “Javier and Sean joined our firm during its formation and have grown to take significant responsibility within the firm and provide great leadership. Steve and I and our other Managing Partners and Co-Founders, Nancy-Ann DeParle
- 16/06/2020
The CEPRES Private Capital Market Outlook for the first quarter of 2020 using the latest data from the CEPRES Platform shows how buyout fundraising in the US declined by almost 50 per cent QoQ and 20 per cent YoY, but is still substantially above volumes during the post-GFC era of 2009 -2012. Buyout fundraising volume in Europe is in stark contrast with a sharp decline of over 70 per cent QoQ and YoY, making it the lowest quarter since late 2017.
US buyout fund net IRR returns declined sharply between 2003 and 2006, which were the vintage years immediately preceding the impending crisis
- 16/06/2020
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