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Foley & Lardner has appointed Stephen Meli as a partner in the firm’s Business Law Department and Fund Formation & Investment Management Practice Group in Boston. Meli comes to Foley from Proskauer Rose, where he was a partner in the Private Investment Funds Group. His arrival follows directly on the heels of partner Katharine Beattie, who joined Foley’s Boston office last month.
Meli focuses his practice on private fund formation, emerging and spin-out private fund sponsors, and institutional investor representation. He establishes and structures emerging- and middle-market buyout, venture capital, growth equity, credit and similar funds, including funds-of-funds and secondary
Ocean Avenue Capital Partners (OACP) has completed fundraising for Ocean Avenue Fund IV. The Fund had a USD300 million target and received limited partner commitments at its hard cap of USD350 million.
ECI Partners, a growth-focused mid-market private equity firm, has invested in the international critical communications service provider, CSL. The investment will support CSL to further enhance its offering to its customer base, investing in product innovation and ensuring the high-quality service levels it is known for as it expands.
CSL is a specialist in providing M2M and IoT connectivity solutions in the Fire, Security and Telehealth sectors. It has invested significantly in its core Fire & Security customer base over the last 24 years, with the latest DualCom Pro range providing simple and reliable alarm signalling for domestic, commercial and retail
Hydrogen fuel cell specialist Bramble Energy has raised GBP5 million in a Series A round led by BGF with participation from existing investors including IP Group, Parkwalk Advisors, and UCL Technology Fund.Bramble Energy has developed the only technology capable of producing gigawatts of hydrogen fuel cells using existing global manufacturing resources, dramatically reducing the time to market and investment needed versus existing fuel cell designs. Hydrogen fuel cells generate electric power from an electrochemical reaction rather than combustion, thereby eliminating carbon emissions from the power unit and producing only water and heat as by-products.
Addressing a key component of
Carey Olsen has promoted corporate lawyers Michelle Falcucci (Bermuda) and Nick Ghazi (Jersey) to senior associate.Falcucci has been a member of the corporate team at Carey Olsen Bermuda since June 2019. She advises on all aspects of Bermuda corporate and commercial law, with a particular focus on mergers and acquisitions, joint ventures and private equity. Falcucci also has experience in the field of investment funds, including the formation and ongoing maintenance of private equity, real estate and hedge funds.
Ghazi has been a member of the Jersey corporate team since 2017. His practice focuses on restructuring and debt finance,
Isarel-based private equity investor Catalyst Fund has appointed Lisya Bahar-Manoah (37) as partner. Catalyst invests in Israeli technology companies in growth stages. Catalyst Private Equity firm was established in 1999 by Edouard Cukierman, Yair Shamir and Boaz Harel. With over USD300 million under management, the fund supports the long-term growth of medium-sized Israeli companies, with innovation in global markets. Focus sectors for the Fund’s investments include telecom, advanced manufacturing, IT, medical equipment, and life sciences/pharma. Some of the prominent portfolio companies include: Mobileye, Tufin Technologies, Taboola, Arbe Robotics, Eloxx, SatixFy, XJet and more.
During the past 14 years, Bahar-Manoah has gained
Enterprise IT managed services organisation DSP and Leeds-based Explorer UK, an Oracle consultancy, development and support provider, have been brought together to form one of the largest independent Oracle partners in the UK. DSP is backed by Leeds headquartered YFM Equity Partners (YFM) which invested GBP5.3 million in the business in 2018 to fund its GBP10 million MBO led by Simon Goodenough, making it the sixth investment from YFM’s Buyout Fund I. Since the 2018 management buyout, DSP has doubled turnover and profitability, and grown its contract base by 300 per cent. The deal, which included working capital provided by Santander
Technology consulting firm Invenio Business Solutions has completed a rebranding process following its March 2019 investment from BGF. Since the investment last year, the company has expanded its workforce by 35 per cent.Invenio’s new brand identity has been developed to reflect and support its stated goal of becoming one of the best technology consulting companies in the world in each of its specialist domains. The firm worked closely with a UK-based brand agency, Studio North, to position and express both its customer-facing and internally facing brands.
At the heart of Invenio’s brand mission is establishing the firm as one
Volante Technologies, a provider of payments and financial messaging solutions in the cloud, has raised USD35 million USD in growth equity financing led by Wavecrest Growth Partners with strategic participation from BNY Mellon, Citi Ventures, PostePay and Visa Inc.The capital raise represents the company’s first outside investment after nearly two decades of strong organic growth and profitability. Volante will direct the capital towards accelerating its cloud expansion globally and its reach into new geographies, market segments, and industry verticals.
“We are thrilled to lead the first institutional investment in Volante and partner with its stellar team,” says Vaibhav Nalwaya, Co-Founder
Dany Garcia, Dwayne ‘The Rock’ Johnson and RedBird Capital Partners have been selected as the winning bidder for substantially all of the assets of Alpha Entertainment, the parent company of the XFL American football league. The XFL assets will be sold to Garcia, Johnson and RedBird for approximately USD15 million, in accordance with the terms and conditions of the asset purchase agreement. The transaction is subject to bankruptcy court approval at a hearing on 7 August, assuming that closing conditions are satisfied, is expected to close on or shortly after 21 August. The sale auction previously scheduled for today will not
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