PE Tech Report

Latest News

Global Upside has appointed Andrew Wilson, formerly Vice President of Strategic Accounts, as head of its Private Equity and M&A practice, which provides specialised solutions for private equity firms and their portfolio companies, and global companies with M&A needs.Global Upside addresses challenges across the investment lifecycle, especially with regards to establishing the optimal legal infrastructure, managing complex human resources transitions, and establishing the back-office support processes and infrastructure. Wilson specialises in mergers, acquisitions, and spin-offs with strong expertise in international employment law, human resources, payroll/benefits, finance, and operations support. At Global Upside he has worked extensively in the electronics, manufacturing,
Investor and software professional Jon Cholak has joined Adit Ventures, a family-office owned, venture capital investment firm, as Managing Director, Portfolio Manager. Cholak will work with Adit in launching a new early stage venture platform, to complement existing Adit offerings. Cholak will be based out of Austin, Texas. Please visit www.aditventures.com for further information.  “Adit Ventures is pleased to have a professional of Jon’s calibre, intelligence, and professionalism join our firm. He brings in-depth experience at Intel, management consulting experience plus a top-decile performance record to Adit’s team of 8 professionals,” says Eric Munson, Founder & CIO of Adit Ventures. “Jon’s
Biopharma
Spanish biotech VC firm Ysios Capital has held a first close of its third fund, Ysios BioFund III, at EUR155 million. The fund has a final target size of EUR200 million. Ysios Capital is the largest venture capital firm in Spain specialised in biotechnology with EUR346 million under management through three funds; Ysios BioFund I, Ysios BioFund II Innvierte and Ysios BioFund III. The firm expects to close four new investments shortly. “For this third fund, we have a pipeline of very promising projects at advanced stage, both in Spain and in the rest of Europe, and we aim to
Alinda Capital Partners, an independent fund manager focused on mid-market core-plus infrastructure investments in North America and Europe, has sold Alinda Infrastructure Fund III’s interest in Energy Assets Group Limited in the United Kingdom to a consortium comprising European institutional investors and an infrastructure fund. This is the first exit for Fund III.  As part of the sale, an Alinda-managed co-investment vehicle also exited the company, as did a minority shareholder which was a vehicle of Hermes Infrastructure, so that the buyers acquired 100 per cent of Energy Assets.  Headquartered in Livingston, Scotland, Energy Assets is the largest independent provider of
The vast majority of private equity Limited Partners are satisfied with the level of information they are receiving from fund managers on the state of their portfolio investments, according to the Brackendale LP Private Equity Sentiment Survey 2020. Some 92 per cent of LP respondents claim they are seeing proactive engagement, regular and thorough updates, analysis and action plans from most GPs on the impact of COVID on existing portfolios, with additional information often being provided via “COVID-calls”. A more mixed review was given by the remaining 8 per cent of LPs, who claimed some GPs are not communicating enough, or
Global investment bank GCA Altium has adds to its European Debt and Restructuring team with the appointment of Gareth Owen as Director based in its Manchester office.
Rock Rail has appointed rail industry expert Hans Leister as a member of the Advisory Board of its newly formed German business. Leister is already working alongside members of the Rock Rail team supporting them in the introduction of unique funding solutions for the German railway. Leister has almost thirty years of experience in the German rail sector spanning regional transport authorities, state owned and private sector operators and infrastructure managers. He has been a leading force in shaping key parts of the industry. In his roles with VBB (the transport authority for Berlin and Brandenburg) and Deutsche Bahn, he was
Le Défense, Paris
EQT Ventures has added deal partner Rania Belkahia to its team in the firm’s new Paris office. With the opening of the new office in France, EQT Ventures now has teams on the ground in Paris, San Francisco, Berlin, Stockholm, London and Amsterdam. The firm’s current French portfolio companies include Tinyclues and Calldesk.  “The EQT Ventures team is delighted to have Rania on board to lead our search for exceptional founders in France and drive our ‘locals with locals’ approach from the new Paris office,” said Alastair Mitchell, partner and investment advisor at EQT Ventures. Belkahia will be leading all
Online payments
BlackRock Private Equity Partners, Aberdeen Standard Investments, Neuberger Berman, Investment Corporation of Dubai and RSIC are becoming minority shareholders in Nordic Capital-owned Trustly, an online account-to-account payments provider. Nordic Capital remains the majority shareholder in Trustly, which it acquired in 2018. The deal will bring in additional long-term capital to support the company as it continues to invest in its products, infrastructure and expand globally, according to Nordic Capital.    Citigroup Global Markets Limited acted as financial advisor in connection with the transaction. Oscar Berglund, CEO of Trustly, said he welcomes BlackRock and the other investors as minority shareholders in
Enterprise Software as a Service (SaaS) vendor, My Digital Accounts, has appointed Nic Scott, former CEO and co-founder of Fairsail, as its chairman with immediate effect.Fairsail, who pioneered the mid-market SaaS HR market, was bought by the UK’s largest software company, Sage Group Plc (FTSE: SGE), in 2017 for an undisclosed nine figure sum to develop its Sage People cloud offering. My Digital Accounts (MDA), founded by trained accountant CEO John Whelan, has operations in the UK and India. Its investors include NPIF – Maven Equity Finance, managed by Maven and part of the Northern Powerhouse Investment Fund set up

Special Reports

Featured

Events

16 May, 2024 – 8:30 am

Directory Listings