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Machine Labs, has secured GBP800,000 in equity funding from Techstart Ventures, the founders, angels investors, plus additional grant funding from Scottish Enterprise.
The seed funding will be used to recruit a team of eight based in offices opposite Edinburgh Castle.
Andrew Veitch, Founder and CEO of Machine Labs, says: “For most of us database marketing is spam or junk mail. Machine Labs want to use machine learning to make marketing messages relevant, so consumers get the right offers at the right time instead of being irritated by marketing they are not interested in.”
Dr Thomas Gambino, Machine Lab’s Data Scientist,
Ingenious has led an investment round into Over-C Limited, a London-based analytics company focused on operational performance in the workforce management market. Ingenious helped raise an additional GBP5.5 million in equity funding, bringing the total raised to GBP10 million.
Over-C’s software uses artificial intelligence, data and analytics to provide industry professionals with key insights for time-critical decision making. Over-C drives behaviours that allow companies to rethink their business and operating models, better quantify risk, uncover new opportunities, reduce losses, and boost profits. The firm currently operates across the UK, Ireland and The Netherlands providing solutions for many industry sectors ranging
HDR is expanding its multidisciplinary building engineering services by acquiring Hurley Palmer Flatt Group, headquartered in London.
Going forward, the UK firm will do business as HDR | Hurley Palmer Flatt Group.
The acquired entity comprises all subsidiaries, which will also do business as HDR | Hurley Palmer Flatt; HDR | Andrew Reid; HDR | Bradbrook Consulting; and HDR | Concentre Consulting.
HPF Group is the United Kingdom’s leading independent engineering consultancy, providing solutions for the built environment. Services include mechanical, electrical and plumbing; civil and structural engineering; and commissioning management, with particular expertise in institutional, high-rise multi-use, financial and
European mid-market private equity investor Equistone Partners Europe (Equistone) is in exclusive negotiations with Naxicap Partners for the acquisition of Sateco, a specialist in the manufacturing and distribution of metal formwork equipment for concrete forming and safety platforms on construction sites.
Founded in 1953 and specialising in the sale of formworks, Sateco has successfully diversified a clientele historically composed of local SMEs to include mid-sized businesses nationally and large construction companies. With 235 employees and a turnover of EUR68 million in 2018, Sateco’s offering also includes the sale of second-hand equipment, equipment rental and maintenance and user training.
Arnaud
CloudScale Capital Partners has appointed industry veteran and former CTO of British Telecom (BT), Williams Communications and Huawei, Matt Bross as a Partner.
“We are excited to welcome Matt to our team,” says Stephen Diamond, managing partner of CloudScale Capital Partners. “He brings a wealth of experience working with startups, mentoring entrepreneurs, driving innovation and helping to build great tech leaders worldwide.”
Bross joins a veteran team of technology investors at CloudScale that includes Dr Hossein Eslambolshi, long-time former Global Chief Technology Officer of AT&T and Bell Labs, Michael Howard, Co-founder of Infonetics Research, Stephen Diamond, former General Partner with
Carey Olsen’s investment funds team in Guernsey, together with fund administration specialist Private Equity Administrators Limited (PEA), have assisted Creandum on the establishment of Creandum V, a EUR265 million venture fund focusing on early-stage opportunities across Europe.
Following strong demand from existing and new investors, Creandum V was heavily oversubscribed and enjoyed re-commitments from all institutional investors in Creandum IV, while also attracting several new investors primarily from the US. The fund will follow the same strategy as previous Creandum funds and provide early stage investment for European technology companies.
The Carey Olsen team advising on all Guernsey aspects
AURELIUS Equity Opportunities has agreed to sell its subsidiary Solidus Solutions (Solidus) to funds advised by Centerbridge Partners for an enterprise value of approximately EUR330 million.
Solidus is the leading European producer of sustainable fibre-based packaging solutions for food, beverage & horticulture, consumer goods and industrial applications. The deal represents AURELIUS’ largest exit to date achieving a money multiple of approximately 16x over the four years of ownership. The transaction is subject to the approval of the competent antitrust authorities and consultation with the central works council of Solidus Solutions in the Netherlands which is expected to happen in Q3
The Maples Group has been selected to provide Cayman Islands legal advice and trustee, management company, fund administration and directorship services to Indo-Japan Emerging Technology & Innovation Fund.
The Fund will invest substantially all of its assets into Indo-Japan Emerging Technology & Innovation AIF (the FoF), a USD187 million fund-of-funds managed by Reliance Nippon Life Asset Management Ltd (RNAM), the Indian asset management arm of Nippon Life. The Fund will be offered in Japan to Japanese institutional investors.
The FoF is the result of a joint initiative between Japan’s Ministry of Economy, Trade and Industry and India’s Ministry of
Private markets general partners have continued to adopt third-party fund administration at a rapid rate, which aligns with the overall rising interest in this asset class among institutional investors, according to the 2019 eVestment Alternative Fund Administration Survey.
The median respondent grew real assets under administration by +20.64 per cent year-over-year and private equity and debt AUA by +11.35 per cent, according to the survey.
Institutional investors have increasingly turned to alternatives as a means of improving performance and diversifying their portfolios. Fund administrators have stepped in as partners to asset managers as the subsequent demand for institutional quality
Gibraltar is in a unique position for funds, despite the potential impacts of Brexit, according to a recent expert panel discussion entitled ‘Crypto Funds: The Gibraltar Solution’ moderated by a partner in Gibraltar law firm ISOLAS LLP, Jonathan Garcia.
The panel was hosted by the Gibraltar Funds and Investment Association (GFIA) at the Traveller’s Club in London on 12 of June.
In addition to Garcia, who has recently been re-elected to the Executive Committee of the GFIA, as moderator, panellists included Jay Gomez and James Lasry, who sit with Jonathan as members of the GFIA executive; Pavel Stehno, Investor, Entrepreneur and founder of
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