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Increasing levels of activity from venture and private equity funds over the last 12 months has continued into 2021 with significant interest from new managers looking to launch their first fund in Guernsey, according to Ogier’s funds team in Guernsey.
The team recently acted as lead counsel to Reference Capital SA, a new manager in Guernsey, on the formation and registration of Reference Seed Fund I LP in Guernsey as a private investment fund (PIF) and on its initial and subsequent close.
Ogier’s team — partner Tim Clipstone, managing associate Richard Doyle and legal assistant James Dickinson — advised Reference on all
An overwhelming majority (87 per cent) of capital markets investors are pursuing direct lending strategies though almost half (47 per cent) lack confidence in their ability to manage loss recoveries which could have serious implications if corporate defaults rise as pandemic-driven government support schemes are withdrawn.
According to a Capital Markets report, called Navigating CovExit: searching for value in the debt markets, commissioned by fund administration and corporate and fiduciary services provider Ocorian, the majority (57 per cent) of capital market investors have an existing direct lending strategy which they are looking to expand and 30 per cent have a
Global investment group Corinth Group has made a USD100 million investment in Morepen Group, Delhi (India), a 36-year-old, listed Indian pharmaceutical company with two USFDA approved facilities. At an Extraordinary General Meeting (EGM) held yesterday through video conferencing, the shareholders approved the direct investment of USD32.50 million in Morepen’s equity.
Following yesterday’s approval, Corinth would be allotted 58.50 million equity shares in Morepen Laboratories Limited on preferential basis, equating to a 9.31 per cent equity stake in the Company on a fully expanded capital base. USD32.5 million of the total investment will go to the parent company while the remaining
Procuritas Capital Investors VI (Procuritas) has sold Danish sofa brand SOFACOMPANY to the Danish Lars Larsen Group.
Founded in 2012, SOFACOMPANY was bought by Procuritas from the founders Cathrine and Christian Rudolph in 2017.
Utilising its decades of value creation experience, Procuritas has worked closely with management to transform and grow the company resulting in revenue more than doubling to DKK545 million (EUR73 million)during its period of ownership.
Initiatives have focused on building a scalable direct-to-consumer business, developing state of the art e-commerce capabilities and fuelling growth with higher and more efficient marketing spend. Procuritas has also supported
PSG, a growth equity firm that focuses on partnering with middle-market software and technology-enabled services companies, has acquired a majority stake in billwerk, a European provider of subscription management and recurring billing software solutions.
The billwerk subscription management platform offers European companies across industries a one-stop shop to manage their subscription business. Its scalable and open, multi-cloud platform is designed to provide flexible solutions to fully automate a company’s recurring subscription processes as a part of an integrated solution approach.
Founded in 2015, billwerk has more than 40 employees across its headquarters in Frankfurt, Germany, and offices in Minsk, Belarus
Exegy Incorporated, a specialist in low-latency solutions for global market data, predictive trading signals, and hardware-acceleration technology, and Vela Trading Systems (Vela), a provider of data and execution technology for global multi-asset electronic trading, have merged business operations in an agreement backed by Marlin Equity Partners, a global investment firm with over USD7.5 billion of capital commitments under management.
Read the full story at Hedgeweek…
Trimountain Partners has led a significant investment round in fire and security firm ABCA Systems (ABCA) alongside investor partners including The Vorsprung Partnership and Cambridge Capital Partners.
With over 30 years of experience behind it, ABCA is one of the UK’s preeminent fire and security experts, providing installation and maintenance across a broad range of fire and security systems. The Company serves a blue-chip client base that extends across several end-markets, principally social housing, government, education, hospitality, healthcare and commercial.
Headquartered in Newcastle, with a national footprint and a workforce of over 170, ABCA is one of the most trusted
New York based startup Polywork, a professional social network founded by Peter Johnston, has secured USD3.5 million in a seed funding round led by Caffeinated Capital (Ray Tonsing, first investor in Clubhouse, Airtable and Brex) with participation from the founders of YouTube (Steve Chen), Twitch (Kevin Lin), PayPal (Max Levchin), VSCO (Joel Flory), Behance (Scott Belsky), and Worklife VC (Brianne Kimmel).
Polywork is a professional social network that lets users create a free personal webpage, share what they’re up to both personally and professionally and send collaboration requests to others on the network. The network launched in response to a
An affiliate of HIG Capital (HIG) is to acquire Travis Perkins Plc’s Plumbing & Heating business (P&H), one of the UK’s leading plumbing, heating, and bathroom related products specialist merchants.
The divestiture is valued at approximately GBP325 million, and the transaction is expected to be completed within the next three months, following regulatory approval.
Headquartered in Northamptonshire, P&H operates under its primary trading brands City Plumbing Supplies (CPS) and Plumbing Trade Solutions (PTS), with over 350 branches across the UK and Ireland, alongside several specialist online outlets including The Underfloor Heating Store, Direct Heating Spares, PlumbNation, and National Shower
PointGrab, a maker of smart sensors that help businesses maintain social distancing in post-Covid offices, has completed a GBP3.4 million equity raise led by specialist venture capitalist EMV Capital.
PointGrab’s product is a smart workplace platform system enabling organisations to count, track the flow and locate people at individual desks, on floors or across an entire campus. It alerts users when social distancing measures are breached.
The system also features cleaning and sanitation measures to help make offices Covid secure. The platform is already used in over 40 countries, by 45 Fortune 500 Companies.
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