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The private equity industry has a unique opportunity to accelerate the UK’s economic recovery in the coming decade and contribute to the government’s levelling up agenda, according to LDC, the UK’s leading mid-market investment firm. Speaking as LDC provided an annual summary of its performance, its newly appointed Chief Executive, Toby Rougier, said that supporting the growth ambitions of the UK’s small and mid-sized companies “in every corner of the UK” would remain its “primary purpose”.
Rougier, who joined as Chief Executive earlier this month, also re-affirmed LDC’s commitment to invest GBP1.2 billlion of equity over the next three years.
LSP, a European life sciences investor, has launched the LSP Dementia Fund, a fund dedicated to fight neurodegenerative diseases. The fund will be managed by Professor Philip Scheltens, a world-renowned dementia scientist and thought leader.
Nordic Capital has announced two promotions – Pär Norberg, Head of Investor Relations, has been promoted to Partner following his instrumental role in the successful virtual fundraising of Nordic Capital Fund X, which reached over EUR6 billion in less than six months and closed in September 2020, while Philippe Neuschäfer has been promoted to Partner with a focus on lower mid-market healthcare investments in the DACH region.Following the strong fundraise and high transaction activity in 2020, these two promotions further increase the firm’s capacity and strengthen the position within the key sectors and regions in which Nordic Capital invests, and
Hornetsecurity Group, a European provider of cloud-based email security and data protection headquartered in Germany, is to acquire Altaro, a high-growth international provider of reliable backup solutions. The acquisition will transform the company from being a regional leader in cloud email security to an international cloud security and compliance platform.
Altaro provides cloud back-up software for Microsoft Office 365 and virtual machine (VM) software focused on mid-market and SMEs. Headquartered in Malta with offices in the UK, Germany, France, North Macedonia and the US, Altaro serves over 50,000 customers across more than 120 countries.
This transaction will significantly expand
Silver Oak Services Partners (Silver Oak), a lower-middle market private equity firm focused exclusively on business, healthcare, and consumer services companies, has completed the sale of BBG.Founded in 2009 and headquartered in Dallas, TX, BBG is a national provider of commercial real estate appraisals, environmental and property assessments, and related advisory services. BBG has distinguished itself through its comprehensive set of valuation and assessment solutions, coast-to-coast footprint, and reputation for personal attention and on-time service delivery.
Silver Oak made its original investment in BBG in July 2015. During Silver Oak’s ownership, BBG executed numerous strategic initiatives to strengthen and
Alpine Investors (Alpine), a private equity firm focused on middle-market software and services companies, has made a strategic investment in Innovative Systems (Innovative), a provider of mission-critical enterprise software for the independent telecommunications industry. The partnership will further fuel Innovative’s operations and integrated product lines to elevate customer value and serve the increasing demand for rural telecommunications.
Founded in 1998 by CEO Roger Musick, Innovative Systems serves Telecom, Cable, Municipality, Power and Utility providers nationwide. The Company’s software solutions enable independent service providers to seamlessly manage their businesses, deliver modern network services, and enhance existing offerings. Innovative’s core products include
Private equity (PE) firms are holding their in-house lawyers responsible for outside counsel costs, but the organisational structure of PE houses and lack of data inhibits their ability to control legal expenses. That’s according to a new study by Apperio titled Responsibility Without Control? Challenges Facing Private Equity Legal Leaders in 2021.
The study, which is based on an independent poll of 160 in-house legal professionals at PE organisations, found about two-thirds (62 per cent) are accountable for selecting preferred law firm partners. However, fewer than half (46 per cent) are responsible for approving budgets on new legal projects – and
Funding secured by cybersecurity start-ups since the start of lockdown in March increased by more than half compared to the same period in 2019, according to new research released today by Plexal and Beauhurst.
RFA, a specialist IT provider to the financial services industry, has moved to new offices in Mayfair, London. Read the full story at Hedgeweek…
Proteus, a registered investment advisor, alternative investments and private funds platform, has added new model portfolios and pooled funds to its platform for RIAs, multi-family offices, independent broker-dealers and private banks. Read the full story at Wealth Adviser…
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