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9 Basil, the strategic Southeast Asian private equity counterpart to investment firm, Blueprint Forest (BPF), is to support Alpha Capital to form the largest independent asset management company (AMC) in Thailand.
9 Basil, which first acquired its stake in Alpha Capital in 2019, is an independent funds management business with a Southeast Asian private equity platform that places a unique emphasis on Thailand. 9 Basil is focused on private markets and boasts an active portfolio management strategy to derive synergies between the managing partners, limited partners and BPF’s wider network.
Following the role that 9 Basil played in the
London-based fintech LemonEdge (formerly LemonTree Software), has secured funding of USD2.5 million in a heavily oversubscribed fundraising round led by Sidekick Partners, a venture firm with deep ties to the North American private equity industry. Sidekick Partners is joined in this round by investors Tikhon Bernstam, founder of Parse and Scribd, and Lauren Iaslovits, founder of Investran and a pioneer of private capital market technologies.
LemonEdge enables firms in the private equity and financial services industries to digitise complex accounting, many of whom still run on old, ‘insecure’ legacy systems or spreadsheets. The Global Financial Services Application Software Market
Mid-market investor Palatine Private Equity has acquired a majority stake in FourNet, the award-winning digital transformation and customer experience specialists with clients including 10 Downing Street, the Cabinet Office, HM Treasury and the Bank of England.
Headquartered in Manchester, and with offices in London and Burton-on-Trent, FourNet has annual revenues of GBP38 million and employs more than 100 people. The company has around 200 customers, with a significant number in the public sector.
Reflecting its strong three-year growth rate of nearly 55 per cent, FourNet featured in the Sunday Times Tech Track 100 for 2020, the index of
YFM Equity Partners (YFM) has sold its stake in FourNet, an award-winning digital transformation and customer experience specialists whose clients include 10 Downing Street, the Cabinet Office, HM Treasury and the Bank of England. The secondary buyout deal backed by Palatine Private Equity generates a sixfold return for YFM’s investors in less than four years.
FourNet was founded in 2005 by CEO Richard Pennington, operations director Frank Jennings, chief technology officer Mike Jervis and sales director Steve Tyrrell. YFM invested in September 2017, to back the four founders and help them continue the strong growth of the business. In addition
Global law firm Dechert LLP is expanding its global private equity practice group with the forthcoming addition of Sam Whittaker as a partner in its London office.
Whittaker is an experienced corporate lawyer, advising on a full range of complex private equity transactions. His practice focuses on M&A, divestments, co-investments, joint ventures, management equity arrangements and a variety of portfolio transactions.
Mark Thierfelder, Chair of Dechert’s corporate and securities group and chair of the firm’s global private equity practice, comments: “Sam will be a superb addition to our rapidly expanding global private equity team. Our high-quality and collaborative partnership is
Legal & General Group-backed European private debt manager Pemberton, has provided facilities to support the acquisition of Infinigate, a European Value-Added Distributor of cybersecurity software, by private equity firm Bridgepoint.
Infinigate acts as a sales multiplicator between cybersecurity software vendors and resellers, giving vendors market access to more than 10,000 hard-to-reach SME resellers, and providing resellers with a curated portfolio of solutions together with value-added services, such as pre-sales and post-sales technical support. As the further expansion of Infinigate’s footprint across and eventually also beyond Europe is a core element of Bridgepoint’s investment strategy, Pemberton’s financing package includes a sizeable
Arrowpoint Advisory’s Business Services and Debt Advisory teams have advised Queen’s Park Equity (QPE) on the acquisition of Sagacity Solutions (Sagacity), a provider of tech-enabled customer data management solutions.
Founded in 2005, Sagacity offers three core solutions within the lifecycle of its clients’ customers: reducing bad debt, improving revenue & margin and optimising customer value. Sagacity generates impressive ROI for some of the largest utility, telecoms and financial services corporates across territories all over the world.
Anita Dougall, CEO of Sagacity, says: “Organisations are sitting on valuable data and we work in collaboration with them to unlock the potential.
Tricia Ward has joined Redington’s manager research team as a director for private markets as the firm continues to broaden its capabilities across the asset class.
She will report to Head of Manager Research, Nick Samuels, and joins a now seven strong team dedicated to covering alternatives and private markets. In total Redington’s manager research team spans over 22 people. Assets under advisory across the firm stand at over GBP500 billion.
Ward joins from the Greater Manchester Pension Fund where she was a senior investment manager responsible for private credit research and portfolio construction as well as development of
Arcesium, a global financial technology and professional services firm, has launched PerformASM, a performance allocations product designed to simplify the investor accounting process and reduce the risks, costs, and manual errors associated with typical spreadsheet-based fund accounting. PerformA is tailored for different client types, including hedge funds, fund administrators, and private equity firms.
Read the full story at Hedgeweek…
NPIF – Maven Equity Finance, managed by Maven Capital Partners (Maven) and part of the Northern Powerhouse Investment Fund (NPIF) has invested GBP750,000 in Blueberry Therapeutics Limited (Blueberry), a drug discovery and development company focused on developing innovative nanomedicines for difficult to treat skin and nail infections.
The funding will support the business as it embarks on the next set of clinical trials for a new topical antifungal spray for the treatment of onychomycosis using its unique nanodelivery platform technology, as well as progressing other product development lines.
Based at Alderley Park, Macclesfield, Blueberry focuses on developing innovative
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