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King & Spalding has appointed Bernhardt Nadell as a partner in the firm’s Corporate, Finance and Investments (CFI) practice group in the New York office.
Nadell represents private equity firms, insurers, reinsurers and leading investment banks in complex insurance-related transactions, including life and property casualty insurance M&A, reinsurance, and insurance securitisations. His broad-based experience in the insurance transactional area includes acquisitions of life and property casualty companies and blocks of business, buying and selling distressed insurance companies, run-off transactions, sponsored demutualisations and management buyouts.
“Bernhardt is a rare find because of his market-leading experience assisting private equity firms in identifying
VSS portfolio company Coretelligent, a provider of comprehensive managed IT and private cloud services, has acquired managed services IT firm United Technology Group. Financial terms of the private transaction have not been disclosed.
United Technology Group specialises in co-managed technology services, including cybersecurity, professional services, hardware and software sourcing. United Technology Group is a leading cloud reseller and IT managed services provider in the Southeast, offering collaborative support and business technology alignment to a broad base of customers in the region.
With this acquisition, Coretelligent cements their nationwide reach by adding an office in Atlanta, joining the four current Coretelligent
Simudyne, a simulation technology company, has closed a USD6 million Series A fundraise, led by Barclays alongside a distinguished set of institutions.
The new funding round includes Graphene Ventures, an early investor in Snap and Lyft, and Gauss Ventures, whose team were early investors in Revolut and Tandem, bringing total capital raised since Simudyne was formed to USD10 million.
With a 600 per cent year on year increase in revenue in 2018 following the addition of new global banking clients, Simudyne has grown to 30 staff members including six PhDs with expertise across fields such as market simulation, fraud
Northern Trust is to provide fund administration and banking services to the recently launched Apse Capital Bridge Fund.
Apse Capital is a new independent European private equity group focusing on buyout and development capital opportunities in European tech enabled information and services businesses.
The closed-ended private equity fund has been established under Guernsey’s Private Investment Fund (PIF) regime which offers an expedited route to market for eligible funds and provides fund managers with greater flexibility.
Ashley Long, Partner, Apse Capital, says: “The Fund was launched in under three weeks, including securing the regulatory approvals. This is testament to Guernsey’s favourable
Clearwater International has advised the shareholders of Littlefish, a mid-market outsourced IT services provider, on securing a significant investment from private equity firm LDC and debt facilities from HSBC to support its growth strategy.
Littlefish is a fast-growing and award-winning provider of outsourced IT services. The business delivers tailored managed IT service solutions and consultancy through a unique service proposition, with customer satisfaction at its core. Littlefish’s service solutions are provided to private and public companies, increasing business productivity and cost efficiency whilst delivering an enhanced user experience. The business employs over 200 staff, spread between its Nottingham and Manchester
London-based software and accreditation specialist, Accredit Solutions, has raised a significant sum of funding from angel investor Andy Center, ex-CEO of CloserStill Holdings Ltd.
Accredit Solutions will use the financing to continue expanding its global reach into Australasia and the USA, accelerate product innovation, development of a client resource centre, expansion of its account management team, and the launch of Accredit 365 – a new product focusing on day-to-day contractor management.
Recently celebrating its second birthday as a stand-alone company, Accredit Solutions’ pioneering accreditation software has been rapidly adopted by stadium operators and tournament organisers across the world.
Deepak Reddy has joined McGuireWoods as a partner in New York, bringing a wealth of experience in aviation finance.
Reddy represents airlines, aircraft leasing companies, financial institutions and investment funds in M&A, financing, restructuring and leasing transactions involving commercial aircraft. He also advises Fortune 500 companies, financiers and high-net-worth individuals in a wide variety of private and corporate jet transactions.
Chambers USA has twice recognised Reddy as one of only two up-and-coming aircraft finance lawyers nationwide. Euromoney has selected him for inclusion in the “Euromoney Expert Guide: Aviation in 2019,” and Corporate Jet Investor has recognised him as a leading
Prestige Funds, a provider of private finance to the UK’s agriculture, clean energy and SME markets, has agreed to a GBP23.2 million funding deal to finance the construction of a 2.5MWe (700 nm3/h biomethane) ‘gas to grid’ anaerobic digestion plant in Kent.
The plant will take approximately 20 months to build and is the second project to be announced in Kent in 2019. The deal is the latest in a long series of financing agreements to fund anaerobic digestion (AD) facilities in the UK, which are helping farm, food and agri businesses to process waste into energy.
Prestige Funds, via
Videalert, a supplier of intelligent traffic management and enforcement solutions to local authorities, has been acquired by Marston Holdings, one of the UK’s largest transportation and enforcement services group.
David Richmond, CEO of Videalert Limited, says: “We are delighted to become a key part of Marston Holdings, as it will enable us to accelerate our development strategy and fully exploit the growth potential for our products and services within the Parking and Intelligent Transport sectors. Our rapidly expanding client base will not only see further developments from Videalert, but also the integration and application of technologies from the expanded Marston
Horizon Capital has invested in specialist software and data analytics businesses ResearchBods and Bonamy Finch to form STRAT7. The combination creates a leading customer insights group with proprietary software and a strong data analytics capability.
The group consists of three specialist capabilities; ResearchBods which utilises proprietary software to harness customer data and intelligence, LiFE which provides data enrichment services incorporating AI and machine learning, and Bonamy Finch which creates actionable insights through primary research and advanced data analytics.
Demand for STRAT7’s technology-led customer insight and advanced analytics services is growing at a significant rate driven by the proliferation in the
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