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The concerns over a slowing global economic environment hit by and US-China trade tensions, weak eurozone growth and prolonged Brexit uncertainty, knocked flotations and equity raising on the London Stock Exchange last year.
AvidXchange, a provider of accounts payable (AP) and payment automation solutions for the middle market, has raised USD260 million in equity capital as part of the company’s latest financing round. With contributions from TPG Sixth Street Partners and other investors, this brings total funding to more than USD800 million over the company’s 20-year history. The new capital will fuel AvidXchange’s continued growth and innovation, allowing the company to invest in its solutions for both buyers and suppliers while reaching more customers in the middle market.
“More than 60 per cent of US businesses still pay bills with paper checks, accounting for more than USD2.7 trillion in administrative costs annually,”
Clearwater International has opened a new office in Yorkshire as the business continues to grow its national and international footprint.The new office in Leeds will be headed by recently appointed Partner Richard Goldsack who joins Clearwater International with 19 years’ experience in the corporate finance industry. Having previously worked at Grant Thornton and Ernst & Young in the UK and Australia, Richard has advised on over 50 deals across owner-managed businesses, large corporates, and private equity.
Director, Glenn Clarke, who joined Clearwater International over a year ago will lead the Leeds Debt Advisory team. Since joining the business, Glenn has
Deaglo, a cross-border advisory firm that provides FX execution and risk management solutions to institutional investors, investment managers, multinational corporations and private clients, has launched. The firm says its aim is to ‘educate and empower CFOs to take control of their FX risk and manage their cross-border transactions more effectively’.
Ashley Groves, CEO & Founder, says: “Investors are increasingly looking overseas for deal making opportunities, yet in many cases don’t have the in-house expertise to quantify and manage their FX risk. Unfortunately, traditional approaches to managing these risks, which have beens by the banks, are opaque, cumbersome and expensive, and as
Carey Olsen has cemented its position as the number one legal adviser to the investment funds industry in Guernsey, according to the latest findings of independent research group Monterey Insight.The 25th edition of the annual Guernsey Fund Report, which provides a comprehensive analysis of the performance of all funds serviced in Guernsey and their primary service providers, reports that for the year ending 30 June 2019, Carey Olsen provided legal advice to 798 Guernsey regulated investment funds, up from 750 a year previously, and now more than 600 ahead of its nearest competitor.
Of those 798 funds, 675 were
Arcesium, an investment management technology and professional services firm, has secured an investment from JP Morgan. The investment deepens Arcesium’s strategic partnership with JP Morgan, including their Securities Services business, a provider of independent fund administration and comprehensive outsourcing solutions to alternative fund managers, asset managers, and asset owners. Terms of the investment were not disclosed.
“We appreciate the additional vote of confidence demonstrated by this investment. JP Morgan has been an important client and partner to us for a number of years and we look forward to working together to bring joint solutions to market,” says Gaurav Suri, CEO
An affiliate of private equity firm Veritas Capital (Veritas) is to acquire Campus Management Acquisition Corp (Campus Management”) and Edcentric Holdings (Edcentric) from Leeds Equity Partners (Leeds Equity).Leeds Equity will continue as an investor in both companies in partnership with Veritas.
Campus Management is a global provider of cloud-based student information systems (SIS), customer relationship management (CRM) and enterprise resource planning (ERP) solutions for more than 1,100 colleges and universities in over 30 countries. Edcentric is a leading SaaS platform providing data-driven solutions around student and alumni engagement, retention, and compliance to help over 1,400 higher education institutions make strategic
Pantheon has promoted two London-based investment principals, Toni Vainio and Erik Wong, t partner.In addition, four other staff members have been promoted to Principal: Stuart Cullen, Investment, London; Iain Jones, Investor Relations & Marketing, San Francisco; Kunal Sood, Investment, Hong Kong; and Bing Wong, Investment, San Francisco.
Among a total of 54 promotions, including two in the mid-year 2019 cycle, 23 professionals are members of the Global Investment team. Of these investment team professionals, eight are promoted to Vice-President, as are three members of the Investor Relations & Marketing team and one member of Pantheon’s Risk team. Additionally, Dr. Andrea
Ingenious’ Infrastructure Ventures EIS Service has led a GBP2.3 million A-series investment round in 3D Repo, the pioneers of cloud-based design collaboration in Building Information Modelling (BIM).The investment represents another major vote of confidence and a financial boost for 3D Repo’s digital construction services business.
Cutting-edge technology by 3D Repo has been successfully deployed on some of the largest and most prestigious construction projects with companies such as Atkins, Balfour Beatty, Bryden Wood, BuroHappold, Canary Wharf Contractors, and Crossrail among others.
Its multi-award-winning digital platform for BIM data is transforming how construction projects are designed and delivered by
Evercore has appointed Joe Todd as a managing director in the firm’s Investment Banking business. Todd will focus on advising large, multinational companies across a range of industries and will team with other Senior Managing Directors to develop new business and to execute complex client advisory assignments. He will be based in New York.
Todd was most recently a Partner in the M&A Group at Goldman Sachs. During his 20 years at Goldman Sachs, Todd advised over 100 large multinational companies on their most complicated and strategic M&A and capital markets transactions. Todd is particularly known for his pre-eminent experience leading
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