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Y Platform, a video channel network in China founded by Israel’s Gal-Or family and Chinese investors, has completed a USD3.5 million A round investment. This brings to USD5 million the amount raised by the company since it was established. The round was led by Weibo, the Chinese equivalent of Twitter, with nearly 500 million users, and with the participation of Kunlun Wanwei Technology, one of China’s largest gaming companies. The funds raised will be used to upgrade the network’s content, expand e-commerce activity and enter markets outside of China.
Y-Platform was founded in 2017 in Beijing by Raz Gal-Or, who
Over the last decade, business peer-to-peer lending, also known as crowdlending, has become an appealing alternative financial source for many European companies. Although lending platforms are not immune to the disruption caused by the pandemic, the latest data show that P2P investments may be unrelated to the stock market slides caused by the coronavirus outbreak.
The UK largest peer-to-peer lender Funding Circle has reported a significant increase in searches for business loans since the start of coronavirus pandemic, and a huge number of European P2P investors continue to invest without making changes to their portfolios.
According to data gathered by Finanso.se,
Foresight Group (Foresight) and Belltown Power Limited (Belltown) have formed a joint venture (JV) to develop Belltown’s pipeline of greenfield onshore wind energy projects across the UK under the existing Belltown brand.The JV aims to deliver more than 300MW of incremental clean electricity capacity to support the UK’s move to a net-zero power system. The pipeline is focused on sites with excellent potential for wind development, predominantly in Scotland and Wales, and will be developed on a merchant-only, PPA or CfD supported basis.
This JV strengthens the relationship between the two companies which started when Foresight acquired a 111MW portfolio
Seamless Impact, the latest version of Sudrania Fund Services’ flagship fund administration platform, has been tailored to the needs of the impact investment space…Read the full story at Hedgeweek…
New data reveals that 33 per cent of UK businesses say they lack the technology infrastructure to manage long-term remote working during the Covid-19 crisis.The poll, commissioned by Leonne International, a global private equity provider, was conducted by independent survey company Censuswide, which questioned 200 senior business decision-makers from large and medium sized companies on the business impact of the Covid-19 crisis. The polling was conducted between Wednesday, 18 March and Thursday, 19 March after the Chancellor’s announcement of a GBP330 billiopnn package to support businesses cope with the outbreak.
Due to the global outbreak, the measures that have
International law firm Proskauer has appointed James Lee and Jae Woo Park as partners in its M&A practice. They will both be based in the New York office.“As we expand our global M&A team, James and Jae epitomise the entrepreneurial spirit that Proskauer prides itself on cultivating,” says Steve Ellis, Chair of the Firm. “We have worked on many industry transforming deals over recent months and we welcome their cross sector strength and depth of experience to expand our expertise.”
Lee has extensive experience advising private equity funds, growth equity funds, venture capital funds and other private investment firms and
Global asset manager PineBridge Investments is opening a new office in Stockholm, and has appointed Viggo Johansen as head of Nordics.
The new Stockholm office adds to PineBridge’s presence in Europe, alongside its offices in the UK, Germany, Switzerland and Ireland. The firm provides private equity and private capital opportunities through commingled funds and separately managed accounts.
Johansen will be responsible for PineBridge’s sales and distribution strategy in the region, with a focus on expanding the firm’s share of the institutional investment market. He will play a key role in establishing relationships with clients and strategic partners across the Nordics
Antwerp-based Down2Earth Capital (D2E) has acquired Gimv’s majority shareholding in Grandeco, with both Gimv and the Grandeco management team maintaining an investment in the business.
By broadening its investor group, Grandeco is seeking to strengthen its position within the decorative wallpaper area, including through potential strategic acquisitions, according to the company.
“Grandeco is a market performer in a highly fragmented industry, the company has achieved above-average growth and profitability in recent years,” said Alain Keppens, partner at Down2Earth Capital.
“In addition to its strong reputation in analogue printing, the company has a clear advantage in the area of digital printing,” he added.
MJ Hudson has added 50 private equity, venture capital and hedge fund clients to it 200-plus existing client roster through the acquisition of Meyler.
Over half of large and medium sized businesses (55 per cent) expect a substantial revenue drop this year due to the Coronavirus outbreak. The poll, commissioned by Leonne International, a global private equity provider, was conducted by independent survey company Censuswide, which quizzed 200 senior business decision-makers on the government’s response to the Covid-19 crisis.
The polling was conducted between Wednesday 18 March – Thursday 19 March after the Chancellor’s announcement of a GBP330 billion package to support businesses cope with the outbreak. Some 52 per cent agreed that the government was doing enough to help companies tackle the crisis, with
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