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CubeLogic, a provider of enterprise risk management solutions for the energy, commodities and financial markets, has closed a significant minority investment deal with Growth Capital Partners (GCP) for an undisclosed amount.
John Harper has joined global private equity investment firm HIG Capital as a Managing Director and Head of the London LBO team, leading HIG’s small cap investments in the UK, Ireland, Scandinavia and Holland.Harper has 25 years of mid-market private equity investing experience. He has originated, transacted and exited numerous investments across a wide range of sectors including financial and business services, manufacturing, healthcare, IT and consumer and leisure. Prior to joining HIG he was a Partner at Inflexion, having previously held senior positions at Duke Street and LDC.
Wolfgang Biedermann, Executive Managing Director and Head of Europe buyouts, says:
BNP Paribas Asset Management (BNPP AM) has held a close of the BNP Paribas Euro SME Debt Fund II (‘Fund II’) with total capital commitments of EUR576.5 million. The fundraising for Fund II follows the completion of the investment period for BNP Paribas Euro SME Debt Fund I (‘Fund I’) earlier this year. Commitments have been received from 20 investors based in France, Belgium, the United Kingdom, Italy and Japan, half of whom are existing investors in Fund I.
Both funds provide a source of long-term financing for SMEs, in the form of senior debt in fine or deferred amortisation, which is
eVestment has released a new reporting module for private equity GPs within its track record analytics and management tool, TopQ. TopQ’s new Excel Report Builder equips users to re-create their clients’ report templates in the app, choosing the specific data points and configurations required. In a matter of clicks, GPs can then export their latest fund performance into pre-formatted outputs that align with individual client requirements, saving time and equipping them with a more responsive reporting process.
“Providing insights to both GPs and LPs has been the mission of the TopQ product since day one,” says Graeme Faulds, Director of
Sandberg Capital acquires a 35 per cent stake in Czech company Revolgy Business Solutions. The management team stays on board and continues to lead the company.
Stephen Schwarzman, the Chairman, CEO and Co-Founder of Blackstone, believes that companies will respond and diversify their supply chains, with the coronavirus lockdown exposing risks that previously might not have been factored in.
Such has been the severity of Covid-19, countries have been forced to close their doors over the last few months, with China leading the way back in January.
Speaking on this week’s Bloomberg Invest Global digital summit, Schwarzman said that China was so good at manufacturing and establishing effective supply lines that for a number of companies, who couldn’t get supplies due to China being closed earlier in
AcordIQ, a specialist in automated Waterfall administration software and services for private equity fund managers and administrators, has announced a new cloud-based Waterfall verification shadow service.Waterfall calculations and associated fund administration tasks are one of the most important yet complex areas in private equity fund administration. Having an independent verification from a trusted source is a vital step for managers as they are all trying to keep pace through these extraordinary times with increased investor concern of their investments and regulatory scrutiny. Errors are quite common with the use of Excel and as a result, can often lead to operational
Northumberland-based transport management software provider Mandata has acquired the UK’s largest online haulage and freight exchange, Returnloads.net, for an undisclosed sum. The transaction was funded by LDC, the UK’s leading mid-market private equity investor. Debt facilities were provided by Santander.
Led by CEO Chris Rigg, Mandata designs and develops software that allows road transport operators to manage workflow and data more effectively. The acquisition of Returnloads.net will expand the firm’s customer base and breadth of digital services. It will also help Mandata’s customers win more work and drive further visibility and productivity through their own businesses and supply chains.
Oxford Capital’s portfolio company UltraSoc Technologies Ltd is to be acquired by Siemens. Cambridge-based UltraSoc is a provider of instrumentation and analytics solutions that puts intelligent monitoring, cybersecurity and functional safety capabilities into the core hardware of systems-on-chip (SoC). Siemens will integrate UltraSoc’s technology into the Siemens Xcelerator portfolio as part of Mentor’s Tessent product suite.
David Mott, Founder Partner at Oxford Capital, says: “We are delighted to have supported another deep-tech success story, and our second deep-tech exit in the space of 6 months, following the recent sale of Latent Logic to Waymo. Despite the Covid-19 crisis, international companies
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UK VC reserves of GBP8.4bn could provide crucial funding as country emerges from crisis, says British Patient Capital
UK VC reserves of GBP8.4bn could provide crucial funding as country emerges from crisis, says British Patient Capital