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JRJ Group, an international private equity investment firm focused on the financial services sector and growth situations, is to sell ETX Capital, a providers of multi-asset CFDs and spread betting products, to a fund associated with Guru Capital, a Switzerland-based private equity firm with specific experience in the CFD space.Terms of the transaction have not been disclosed.
Roger Nagioff, Founding Partner of JRJ Group, says: “During JRJ’s ownership, we have invested in bolt-on acquisitions and enhanced the technology of the firm. We are delighted with the strength and resilience of the platform we have built, alongside the management team and
US private equity firm Horizon Capital’s USD200 million Emerging Europe Growth Fund III has acquired a minority stake in European e-commerce beauty company MAKEUP, thereby becoming its main financial investor.
Poplar has closed a USD2.1million investment, led by Fuel Ventures, to push its ambition to become the world’s leading augmented reality (AR) creative platform. This seed round, which sees Haatch Ventures, Ascension Ventures and Super Ventures also invest, will help Poplar deliver on-demand creation of premium AR and 3D experiences to accommodate the growing demand for branded AR campaigns. Since the pandemic lockdown in March, AR engagement has spiked by 19 per cent as consumers turn to social, web and mobile for alternative ways to engage with retailers and brands.
Poplar’s platform automatically assembles teams of certified and trusted AR and
International law firm Proskauer has launched the Proskauer Private Credit Default Index which tracks, on a quarterly basis, the default rates of senior secured and unitranche loans.“Traditionally, the private credit market has been viewed as being opaque with few sources of information on default rates. Our new Default Index provides a new level of transparency and gives investors a window into the market, and its performance, they have otherwise not had,” says Stephen A Boyko, co-chair of Proskauer’s Corporate & Transaction Department and Private Credit Group. “Given the number of deals we are seeing and the growing importance of this
Susquehanna Growth Equity (SGE) has appointed Colin Day as a senior advisor. In his new role, Day will work with the SGE team directly and support SGE portfolio company management teams on matters that are driving their businesses.Day is the founder, chairman, and former CEO of iCIMS, a cloud platform for recruitment software solutions. With more than 1,000 employees and USD250 million in annual recurring revenue, iCIMS has grown to become the largest provider of hiring software and stands among Forbes’ top 100 fastest-growing private cloud companies in the country. iCIMS has expanded its product portfolio with multiple company acquisitions under
BGF has announced that it will make donations totalling GBP100,000 to support local community-based charities across the UK & Ireland following the onset of Coronavirus. Covid-19 has created immense challenges, especially for vulnerable groups. As a regional business, active in different local economies, BGF says recognises the need for increased support to local charities, many of whom are operating without the safety nets of their broader networks. It is estimated that fundraising for UK charities may fall as much as 40 per cent in 2020.
BGF’s regional teams have worked closely together to identify charities in each of the following territories:
C5 Capital USA (C5 Capital), a specialist investment firm investing in the secure data ecosystem, has led a Series D funding round for Synack, a provider of continuous application security and penetration testing services using AI and skilled ethical hackers.C5 Capital led the Series D round investment of USD52 million along with B Capital Group, and which also included a number of strategic partners and leading technology investors including GGV Capital, GV (formerly Google Ventures), Hewlett Packard Enterprise (HPE), Icon Ventures, Intel Capital, Kleiner Perkins, Microsoft’s venture fund M12 and Singtel Innov8 (the corporate venture arm of the Singtel Group).
Basis Vectors, a Berkshire Hathaway-style alternative investment and technology firm, has launched with plans to acquire, transform and accelerate vertically-focused B2B Software as a Service (SaaS) companies.Basis Vectors transforms high-potential yet undervalued SaaS companies that demonstrate potential for long-term growth and robust balance sheets, and is uniquely positioned to help companies that have been strained by the global coronavirus pandemic. Investment in the firm’s USD50 million fund is led by Cianna Capital, a private investment fund focused on new-age technology investments, with participation from the UHNW family offices of Rajesh Jain, founder of Netcore, Abhishek Goel and Tracxn.
Co-founders Ambarish
Wasabi Technologies, a hot cloud storage company, has closed a USD30 million financing round led by Forestay Capital, the technology innovation arm of Waypoint Capital, with participation from Wasabi’s previous investors.
By Paul Aversano and Rino Nori of Alvarez & Marsal’s Transaction Advisory Group – Historically, the field work phase of pre-acquisition due diligence was almost always performed on-site and in-person. However, that shifted almost instantly in early March to being performed exclusively on a remote basis following wide-spread social distancing and shelter-in-place protocols.
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