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Inflexion has exited Glide, a UK infrastructure provider to difficult to serve markets – like high-density accommodation – to US infrastructure investor Alinda Capital, generating a return of over 3x.
Zedra Fund Services, the boutique and mid-tier alternative funds administration specialist, has seen little fall out or changes to business patterns during the eight week Covid-19 lockdown which has gripped the UK and all main global markets.All well run businesses have a continuity plan, but few organisations will have been prepared for the scope of the Covid-19 pandemic. Fund administrators have faced a range of challenges ranging from reporting continuity against the backdrop of significant market swings shredding valuations, to the service challenges presented by lockdown and the forced dispersal of front and back office staff worldwide.
Partly thanks to
Glennmont Partners (Glennmont) has completed the sale of Sleaford Renewable Energy Plant (Sleaford REP) to Greencoat Capital (Greencoat). With this sale, the last remaining asset of Glennmont’s EUR437 million Clean Energy Fund I has been divested.Sleaford REP is an operational 39 MWe renewable CHP plant which uses a blend of straw and sustainable woodchip to generate power and heat. The plant benefits from accreditation for 2.0 ROCs per MWh and has circa 15 years of ROC life remaining. Located within the ‘Grain Belt’ in Lincolnshire, the plant provides a reliable route to market for straw, an agricultural by-product which can
Secondaries investor Coller Capital is leading a GP-led secondary transaction to acquire the four remaining assets of Permira’s fourth fund.
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
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