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Independent Growth Finance (IGF), an independent commercial finance provider, has appointed Dave Pickup as ABL Director for the Thames Valley.
Investment in the region follows another successful year for IGF, which included a 39 per cent growth in funded assets and a 29 per cent growth in revenues.
Having worked in the finance industry since 2001, Pickup specialises in improving SME’s cash flow through alternative funding. Providing facilities for every stage of a business’ journey including start-up finance, MBOs and acquisitions, as well as general working capital. His industry experience will support IGF’s growth ambitions and presence in the Thames Valley
Orrick has added M&A and private equity partner Bryan Gadol to its Orange County office in California.
Gadol advises companies, PE funds and family offices in tech, medical device, beauty, healthcare, consumer products, and manufacturing at all stages in the corporate life-cycle, including M&A and private equity, securities transactions, reorganisations and other corporate matters.
Bryan joins a team of about 100 lawyers in our three Southern California offices (Orange County, Los Angeles and Santa Monica) focused on companies in the tech & innovation, energy & infrastructure and finance sectors.
“It has been a longtime goal to build our corporate capability
Prestige Funds is launching two new distribution share classes for its Commercial Finance Opportunities Fund (CFO), a Luxembourg based, open-ended SICAV that launched in 2013.
CFO is a direct lending fund that focuses on invoice, asset and commercial finance opportunities, primarily in the UK, and operates a highly diversified investment portfolio of short term commercial and industrial loans.
The new share classes are:
• Distribution ID share classes which are aimed at institutional investors with a minimum investment of USD 1,000,000 (or currency equivalent) and quarterly liquidity (on 90 days’ notice).
• Distribution D share classes which are aimed at
Private equity firm Lovell Minnick Partners is exit its investment in Worldwide Facilities (Worldwide), a national wholesale insurance brokerage, managing general agency and program manager, with Genstar to become a new investor in the company.
Financial terms of the private transaction have not been disclosed.
“It has been a privilege to partner with the Worldwide management team over the past four years. We’re proud to have supported the Company in executing its strategic goal of becoming a larger, more diversified, top-five insurance wholesaler in the US market,” says Spencer Hoffman, a Partner at Lovell Minnick Partners. “We believe Worldwide
Granite Creek Capital Partners, a private investment firm based in Chicago, has made a USD15 million investment in Morrow Sodali, a provider of strategic advisory and shareholder services to corporate clients around the world.
Morrow Sodali provides corporate boards and executives with strategic advice and services relating to corporate governance, shareholder and bondholder communication and engagement, capital markets intelligence, proxy solicitation, shareholder activism and mergers and acquisitions.
Morrow Sodali will use the infusion from Granite Creek to continue making investments in its strategic growth initiatives. Mark Radzik, Managing Partner of Granite Creek, will serve on the Board of Morrow
DWS Group’s private equity team has led a syndicate of large institutional limited partners, including Blackstone Strategic Partners and StepStone Group, among others, in facilitating Snapdragon Capital Partners’ and The Maze Group’s strategic investment in Nutraceutical International Corp.
Founded in 1993, Nutraceutical, majority owned by HGGC, is a vertically integrated manufacturer, marketer, and distributor of branded nutritional supplements, personal care, and other natural products sold primarily to and through domestic health and natural food stores. Internationally, Nutraceutical markets and distributes branded nutritional supplements and other natural products to and through health and natural product distributors and retailers.
“We are
In this week’s newsletter, we profile RFA and look at how the company has grown from relatively humble beginnings three decades ago to become one of the biggest cloud providers in the alternative investment sector with a particular focus on hedge funds and private equity funds.
In deal news this week, Veritas Capital-backed Guidehouse announced its acquisition of Navigant Consulting in a deal worth USD1.1 billion, while a new report from Lumina sheds light on recent activity in the often opaque world of private company M&A in the Gulf Cooperation Council (GCC) region.
And finally, with the deadline for nominations for
Pan-European private equity firm IK Investment Partners’ (IK) IK VIII Fund is to sell Ellab, a global supplier of solutions and services for measuring, recording, monitoring and validating critical parameters of thermal processes, to EQT.
During the past 70 years, Ellab has grown from a small Danish manufacturer of thermometers to a leading global supplier of thermal validation solutions and services. The Company serves both small and large clients within the pharmaceutical, medical and food industries by providing solutions for applications like sterilisation, freeze drying, heat tunnels and pasteurisation, among others. Ellab’s solutions are used by customers like Pfizer, Astra
Bridges Fund Management (Bridges) has invested in Jump City Holdings (Jump City) through the Bridges US Sustainable Growth Fund.
Jump City is one of the largest franchisees of Sky Zone trampoline parks, operating five locations in the New England region, including the first franchised location in the Sky Zone system.
Sky Zone is the leading franchisor in the indoor trampoline and entertainment space and part of the largest indoor active recreation and trampoline park company in the world, Circus Trix Holdings, LLC. Each of the Jump City locations provides a safe, healthy and fun recreational atmosphere for children, families and
International law firm Proskauer has appointed Leith Moghli as a partner in the firm’s Private Funds Practice, based in London.
“We are very excited to welcome Leith to the Proskauer team,” says Proskauer’s Nigel van Zyl. “We are committed to the strategic growth and expansion of our global funds practice to ensure our clients continue to have access to the very best talent. Leith’s hire is one of a number of significant developments in our implementation of that strategy. His experience representing leading sponsors and institutional investors across a range of industries will be a valuable asset to our clients.”
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