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Singapore-based Tower Capital Asia has held a first closing of its Southeast Asia-focused private equity fund, Tower Capital PE Fund , at approximately USD250 million.
The fund’s first-closing investors include a pre-eminent international institutional investor and highly respected single family offices from the Southeast Asian region.
Danny Koh, Founder and Chief Executive Officer, says: “We are very grateful to our investors for their support, which remained unwavering through an unusually difficult fundraising year for general partners globally. The closing of the Fund marks many firsts for us, but our earliest days as a modest team spun out from a
Quaero Capital completed fundraising for Quaero European Infrastructure Fund II (QEIF II) at its EUR600 million hard cap, exceeding the initial target of EUR500 million set at its launch in July 2019.
The management company is also expecting additional investment capacity given the strong interest from investors for co-investment opportunities.
As a reminder, the fundraising for its previous EUR275 million investment vehicle (QEIF) ended in April 2017 and the fund has since been fully invested.
QEIF II’s strategy is to finance equity in both greenfield and brownfield infrastructure projects in Europe. The fund targets project finance assets and notably assets
Octopus Ventures, part of Octopus Group and one of the largest and most active VCs in Europe, has appointed Emma Davies as Co-CEO.
Davies has more than 20 years’ experience as an investor and portfolio manager and will work alongside the current CEO, Alliott Cole, as Octopus Ventures expands its platform for the next stage of growth.
Davies will focus on product, operations and corporate development within the team, allowing Alliott to focus on managing the investment strategy and the growing portfolio. Davies joins from Marlylebone Partners, where she was Partner, prior to which she held a number of
NovaQuest Private Equity (NovaQuest) has acquired CoreRx, a global contract development and manufacturing organisation (CDMO).
Based in Clearwater, Florida, CoreRx provides clinical and commercial CDMO services to a wide range of small to mid-sized pharmaceutical and biotech clients. Founded in 2006, the Company offers pre-formulation, formulation, analytical and stability, clinical manufacturing, commercial manufacturing, and packaging services. The Company’s deep development expertise allows it to solve complex formulation challenges. Its small-batch manufacturing capabilities, coupled with a responsive customer mindset, allow CoreRx to be a nimble, hands-on partner for its valued customers.
“This transaction is an endorsement of CoreRx’s success to date
Private placement specialist Monument Group has appointed Hiroshi Nishimuro as Japan Representative in the firm’s Tokyo office, effective 12 January, 2021.
Nishimuro will lead the firm’s fundraising efforts and general partner relationships in Japan.
“It is a pleasure to welcome Hiroshi to Monument Group’s Tokyo office and to our unified global team,” says Niklas Amundsson, Partner and Head of Asia Pacific at Monument Group. “With Hiroshi’s experience across a broad range of alternative investments, we are confident he will prove to be a valuable contributor furthering the meaningful relationships Monument Group has cultivated with investors and general partners in Japan over
Significantly expanding the firm’s M&A and private equity and leveraged finance capabilities, Milbank LLP has added market-leading attorneys Andrew Whan, Neeraj Budhwani, Davide Mencacci and John Bona to the firm’s Hong Kong office.
Whan, who will be joining the firm, and Budhwani advise an array of leading private equity funds on domestic and cross-border leveraged buyouts, management buyouts and buy-ins, venture capital and public M&A transactions. They regularly act for some of the largest private equity funds in the world, including Affinity, Carlyle, CVC, MBK Partners, Partners Group and Permira.
Mencacci and Bona focus on leveraged finance transactions, structured
Tel Aviv-based global fund manager Liquidity Capital and Dubai-based Vault Investments are to form a joint USD100 million Venture Debt Investment fund based in Dubai.
The new fund will deploy debt financing funding aimed at fuelling technology financing in the Middle East, North Africa and Europe, and will leverage technology already in use by Liquidity in that company’s Asia-Pacific and US investments. As part of the partnership, Liquidity Capital and Vault investment will open offices in Dubai, to more effectively locate potential investments in the region.
The joint venture marks a pivotal step forward in the rapidly solidifying relationships that
Fast-growth UK businesses closed 2020 in their strongest position, attracting more than GBP3.8 billion of Venture Capital (VC) investment during the final quarter of the year, according to new figures.
Despite further Covid-19 related restrictions being in place, Q4 was the strongest quarter of the year for VC-backed deals, according to KPMG’s Global Venture Pulse Survey. The GBP3.8 billion raised was a 65 per cent increase on the GBP2.3 billion raised in Q3, although the volume of deals was significantly down. 343 deals were done from October through to December, with deal volume falling quarter-on-quarter throughout the year.
The total number of registered Jersey Private Funds (JPFs) has grown by almost two-fifths year-on-year, according to the latest figures, as the structure continues to assert its appeal for cross-border alternative fund structuring.
According to the latest quarterly statistics collated by the Jersey Financial Services Commission and published by Jersey Finance, there were 365 JPFs at the end of September 2020, a number that has risen by 37 per cent compared to the same time the previous year.
Launched in 2017, the JPF structure is tailored to the needs of small numbers of sophisticated investors and offers high levels of
The latest Enterprise Software M&A report from Hampleton Partners, an international technology mergers and acquisitions adviser, reveals that the number of deals targeting enterprise software assets has jumped, with 836 deals recorded in the second half of 2020 compared to 641 deals in the first half of the year.
Total transaction value disclosed across all deals in the space was also sky-high, reaching USD112 billion – the highest amount on record.
Valuation multiples remain healthy but have dipped slightly: the trailing 30-month median EV/S multiple came in at 3.4x, while the EV/EBITDA came in at 14x. This is possibly
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