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Neotas, a provider of online due diligence for private equity firms and other investors, and University of Essex engineers are to develop an AI screening solution to aid investors with due diligence and mitigate risk.
Neotas has been awarded a GBP200,000 grant from Innovate UK towards the first stage of the project.
Neotas uses search techniques to analyse a company or individual’s ‘digital footprint’. It provides advanced insights without invading their privacy. The project aims to make the screening process less labour intensive and automatically identify warning signs without creating false alarms. The incorporation of AI will enable the
Speechmatics, a specialist in machine learning and automatic speech recognition, has raised GBP6.35m in Series A funding led by AlbionVC; IQ Capital followed on in this round along with several angel investors.
Speechmatics has built one of the most accurate speech recognition technology engines in the world. The technology is currently available in 29 languages, either in the cloud or, crucially, on-premises – a critical feature for businesses who do not wish or are unable to share data in the cloud. The diversity of languages and accuracy of the technology sets Speechmatics apart from other global brands in speech
EV Private Equity (EVPE) has appointed two new Advisory Board members, Bettina Bachmann and Carl Stjernfeldt, who bring decades of experience and valuable knowledge in venture capital to the firm.
Bachmann spent 35 years at Shell, latterly as Vice President of Subsurface & Wells Software and now sits on several boards in non-executive roles, while Stjernfeldt leads the Corporate Development Group in Americas for Shell New Energies.
Bachmann has held a variety of business, technical and leadership roles in exploration and development, working in the Middle East, Africa and Europe. She has led senior leadership development programmes and strategy
London-based asset management consultancy MJ Hudson is to acquire the Jersey administrator, Anglo Saxon Trust (AST), subject to Jersey Financial Services Commission regulatory approval and certain other conditions.
AST is an established provider of company and trust formation, registrar and administration services and is regulated by the Jersey Financial Services Commission.
The acquisition follows the purchase by MJ Hudson of the Dutch ESG business of Spring Associates in July and US/UK benchmarking and analytics business Amaces at the end of 2018. It adds to MJ Hudson’s existing operations in Jersey and helps consolidate a growing pan-Channel Islands business for
Maven Capital Partners (Maven), one of the UK’s most active private equity houses, has led a GBP5.3 million funding round in E-Fundamentals, a leading eCommerce insights platform.
London and Edinburgh-based e.fundamentals is a market-leading ecommerce analytics platform that helps many of the world’s largest brand owners rigorously improve the sales and profit performance of their products on retailers’ and wholesalers’ websites.
The investment will give e.fundamentals, which already operates in 10 countries, the ability to deliver services in more key ecommerce regions and globally. This will include a launch in the US with a version of the e.fundamentals platform
DC Advisory has doubled its team in Northern England with the addition of eight new hires in the last 12 months into its Manchester office.
New hires include Anthony Greensmith as Vice Chairman (previously of Montagu Private Equity), Andrew Claymore as Managing Director of Financial Services in the UK, Rob Jones joins to head up the Capital Advisory offering across the North of England and Ben Jones as Origination Lead for the Manchester office. This is in addition to four junior members joining the team including Luka Hennin, Charlie Tuttle, Tom Street and Jimmy Warburton.
These hires are unsurprising
SME direct lender Beechbrook Capital has appointed Paul Whitehouse as investment director to head up deal origination and execution activity across the Midlands.
With over 30 years’ experience, Whitehouse joins from Lloyds Banking Group, where he spent the last two decades focusing on corporate and leveraged finance transactions across the Midlands.
As well as his transaction experience, Paul brings an extensive network of contacts in the professional and business communities in both the West and East Midlands.
Paul Shea, Beechbrook managing partner, says: “We are delighted to have Paul on board to enhance our UK origination platform. The
Mubadala Capital has launched its first MENA-focused tech investment funds. With a total of USD250 million (AED 918 million), the Mubadala MENA tech funds will capitalise on the growing startup scene in in the region while empowering tech talent in the Emirates and across the wider region.
The funds will include a USD150 million (AED 550 million) fund of funds program, which will invest in funds that are committed to supporting the Abu Dhabi-based Hub71 ecosystem, including through investing in companies that leverage Hub71 for regional expansion and growth. As part of this program, Mubadala Capital also announced that it will
Global investment manager AMP Capital has agreed to acquire Expedient (Continental Broadband,), a leading US provider of cloud computing and data centre services, from Landmark Media.
Expedient offers an integrated suite of colocation, cloud, managed services and network access products to a highly diverse base of over 1,200 customers. The business operates 11 self-directed data center facilities and leverages a half dozen partner facilities in order to provide critical outsourced information technology solutions to a range of businesses and industries across the US from its eight operational locations in Baltimore, Boston, Cleveland, Columbus, Indianapolis, Memphis, Phoenix and Pittsburgh.
Expedient’s
Middle-market private equity firm One Equity Partners (OEP) has completed the acquisition of ORS MEDCO, a wholesaler of maintenance and repair focused non-discretionary and consumable industrial and automotive aftermarket products, from Essendant. in a corporate carve-out transaction.
Financial terms of the transaction have not been disclosed.
Headquartered in Deerfield, Illinois, ORS MEDCO distributes safety and security products, tools, body shop & repair products, welding, paint, chemicals, and abrasives operating through its ORS Nasco, Medco, and Nestor distribution networks. The Company has 1,100 employees and 35 facilities that serve over 15,000 independent distributors, national distributors and online resellers.
“We
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