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Ki, a fully digital and algorithmically-driven Lloyd’s syndicate, has raised USD500 million of committed capital from two backers, funds managed by Blackstone Tactical Opportunities (Blackstone) and Fairfax Financial Holdings Limited. The capital commitment will fund Ki’s expansion as it launches in Q4 2020, enabling the business to grow rapidly to significant scale.
Ki is a newly formed follow-only digital business which will write its’ first risk incepting in January 2021. It will underwrite using an algorithm-driven approach and offer instant follow capacity through its proprietary digital platform. Ki will write a broad range of specialty business following selected leaders in
Kbox Global has raised GBP12 million in a funding round led by Balderton Capital, to continue its mission to revolutionise the food delivery market through its unique host kitchen technology. The Kbox model revisits the traditional economics of food delivery by utilising capacity in existing commercial kitchens. Kbox’s technology and menu portfolio mean kitchen owners, from pubs, hotels and restaurants to supermarkets, can establish an agile new revenue stream, that reflects the demographics and taste trends of their area, within days, for no upfront fee, and no additional investment in bricks and mortar.
The company has seen exponential growth in the
Antares Capital Advisers, a subsidiary of Antares Capital, has held the final closing of its inaugural Senior Loan Fund (SLF).The fund, which launched in December 2019, closed on 14 September with approximately USD3 billion of asset purchasing power, exceeding its initial target of USD1.5 billion. Capital was raised across a diversified set of institutional investors.
The investment objective of the SLF is to build a diverse portfolio of sponsor-backed senior secured loans to US and Canadian borrowers. Investors in the fund are primarily public and private pensions, insurance companies, asset managers and banks located predominantly in the US, Canada, Asia
A total of 10.5 million people were employed at 22,659 private equity backed businesses in Europe at the end of 2018 – according to the first Private Equity at Work report from Invest Europe, an association representing Europe’s private equity, venture capital and infrastructure sectors, as well as their investors.The figure represents 4.5 per cent of the continent’s active workforce and equates to more than the entire population of Greece.
The research presents a transparent account of European private equity’s record on employment, demonstrating the industry’s commitment to workers and job creation just as businesses across the continent seek to
Praetura Ventures, a VC fund that targets high-value sectors in the north of England, is investing GBP1 million in a tech company that helps businesses defend themselves against customer-focused cyberattacks and improve the digital experience their websites offer to consumers.The funding secured by Leeds-based RapidSpike will allow it to enhance and scale its product and expand its client base to add to its stable of blue-chip customers that includes William Hill, Npower and major US brand retailer Helen of Troy (owner of Revlon, Braun and Honeywell among others).
RapidSpike’s platform monitors websites from a consumer interface, helping to provide
Helsinki-based HappySignals, an Employee Experience Management Platform provider, has announced the successful closure of a EUR4.7 million series A funding round led by Nauta Capital with Vendep Capital also in participation. HappySignals will further its mission of helping enterprise IT leaders identify what needs to change so they can build happy, productive cultures that drive digital transformation by scaling operations in Europe and the US.
“We believe happiness and productivity are the keys to transforming business IT culture for the better,” says HappySignals CEO Sami Kallio. “We do this by giving enterprise IT leaders the employee experience data they need to
From 2010 Japanese investment deals in almost all types of Israeli high tech companies have continued to grow, according to the newly released Japanese Activity in the Israeli Tech Ecosystem Report, published by the IVC Research Center.
Addleshaw Goddard has advised background verification company ClearStar on its GBP14.7 million takeover by private equity investor Hanover.The AG team was led by partners Simon Wood and Charles Penney supported by Louise Pritchard and Mike O’Keeffe. AG has had a relationship with ClearStar since 2014, when the team advised on ClearStar’s IPO.
The offer, which announced this morning, sees the company valued at a premium of 23 per cent over its most recent closing price.
Wood says: “This is a great result for ClearStar, and we are delighted to have been able to offer our advice and expertise.
“It is
Sectigo, a provider of automated digital identity management and web security solutions, is to be acquired by private investment firm GI Partners.Bill Holtz, Chief Executive Officer of Sectigo, says: “It has been a pleasure partnering with the Francisco Partners team over the past few years and we look forward to working with GI Partners as we write the next chapter of Sectigo’s story. The GI Partners team has a strong track record of helping technology companies expand through organic growth acceleration, M&A, and investments to support innovation. We have built a strong foundation as a leader in the cybersecurity market
BGF announcesis formally supporting The Diversity Project in its mission to accelerate progress in achieving a more inclusive culture in the investment and savings profession. As businesses start to emerge from the coronavirus crisis, BGF recognises that it is time to intensify efforts to create inclusive cultures and that diverse perspectives are needed to deliver answers to complex issues faced by the industry.
Officially joining The Diversity Project represents BGF’s ongoing commitment to do all it can to be both a thought leader as well as capital provider to help promote a more inclusive finance landscape, and in doing so unlock
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