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genedrive, the AIM-listed near patient molecular diagnostics company, has raised GBP6 million in funding from new and existing equity investors through the issue of equity, loan notes and a broker option.
The funding includes a GBP3.5m cornerstone investment from BGF, the UK’s most active investor in growing businesses.
Based in Manchester, genedrive has developed the first portable device to diagnose the Hepatitis C virus (HCV) based on detecting the virus’s genetic code. By removing the need for diagnosis to take place in large hospital laboratories, the device can be used by patients in remote areas of the world.
Kensington Capital Partners has raised USD85 million in the first close of Kensington Venture Fund II, LP, a fund of funds investing in promising venture capital (VC) funds and technology companies.
The new Fund has been launched under the Government of Canada’s Venture Capital Catalyst Initiative (VCCI). Additional investors include BMO Capital Partners, Trend Forward Capital, and the Kensington Private Equity Fund, among other institutional and individual investors.
The new Kensington Venture Fund II will target investments in VC funds, as well as direct investments in promising emerging technology companies. The diversified portfolio will include investments across key technology
TMF Group to acquire State Street’s Private Equity and Real Estate (PERE) fund servicing business in the Channel Islands.
Completion of the deal will see TMF Group’s assets under administration reach over USD125 billion for PERE clients, making it one of the leading fund administrators in Europe. TMF Group’s ‘one-stop-shop’ of PERE services, including fund administration and depositary services, is supported by experts in over 80 jurisdictions worldwide.
In Jersey, the acquisition will add fund administration to its existing corporate and trust services, whilst in Guernsey, it will complement the recent acquisition of Gentoo, a leading fund administration business.
International investment bank GCA Altium is opening a subsidiary in Paris under the leadership of Hugues Archambault.
The launch of GCA Altium’s French operations is part of its global expansion strategy focussed on establishing a strong presence in all key markets in terms of corporate ecosystems and transaction dynamics. With numerous global leaders, fast-growing companies and a dense financial sponsor community, France is amongst these key markets. GCA Altium brings its global platform, deep sector expertise and top-level networks to help clients transact in and out of France.
Hugues Archambault will take charge of developing and managing GCA Altium’s
Stone Harbor Investment Partners (Stone Harbor), a manager of emerging markets credit strategies, global high yield credit strategies, and multi-sector credit strategies, has appointed Jim Craige, Head of Emerging Markets, as co-CIO.
Craige will serve alongside Managing Partner and now co-CIO, Peter Wilby. Having worked side by side as portfolio managers since 1992, Jim and Peter will continue to work together closely in leading Stone Harbor’s investment focus. Craige will retain his position as Head of Emerging Markets with overall oversight of the asset class, supported by the existing broad team including industry veterans Stuart Sclater-Booth and Kumaran Damodaran, both
Swiss energy operator Repower, through its Italian branch, Repower Italia, and Omnes, a Paris-based European investor in private equity and infrastructure, via its Capenergie 3 fund, have formed a joint-venture Repower Renewable, aimed at managing the portfolio assets and at developing new generation projects in the renewable energy sector.
Repower Renewable’s portfolio is made up of hydro, solar and wind assets for a total capacity of about 90 MW built in the last 15 years by Repower or by Elettrostudio Energia. All the assets and the future activities of Repower Renewable are based in the Italian market.
Repower Renewable
TigerRisk Partners, a risk, capital and strategic advisor to the global insurance and reinsurance industries, has adopted AIR’s cyber risk modelling platform, ARC (Analytics of Risk from Cyber), to better understand clients’ exposure to cyber loss.
ARC is a cyber risk analytics and modelling platform that informs risk selection, pricing, portfolio management and risk transfer.
Nathan Schwartz, Head of Analytics at TigerRisk, says: “Cyber is not only the fastest growing risk for many of our clients, it is also one of the most challenging to understand. AIR’s new probabilistic cyber model will help us analyse our clients’ cyber exposure
Silverfleet Capital-backed 7days, a specialist workwear supplier to the healthcare sector based in the Westphalia region of Germany, is to acquire the Danish company Praxis Herning A/S, which supplies the same end markets in the Nordic region.
Managing directors, Jesper Rasmussen and Søren Wortmann, who are the majority shareholders of Praxis will continue to manage the business and are acquiring an interest in 7days as part of the transaction. It has been agreed that the purchase price will not be disclosed.
Praxis was founded in 1995 and is headquartered in Herning, the textile capital of Denmark. The company
Engineering and environmental services company the RSK Group Ltd has raised a new funding package in the form of a unitranche senior debt facility from funds managed by Ares Capital Europe (Ares).
RSK will use the funding to finance its strategic planned doubling in size over the next few years through development of new businesses and the acquisition of bolt-on complementary businesses. It has today announced the acquisitions of tree surgeons the BTS Group and the TBF Contracting businesses TBF Traffic and TBF Scaffolding.
These are the seventh and eighth acquisitions that RSK – a privately owned company with 36 international offices, 2500
CONMED Corporation is to acquire privately-held Buffalo Filter for USD365 million on a cash-free, debt-free basis.
The transaction is expected to be financed through a combination of new convertible notes and an expanded and amended credit facility. The transaction is subject to customary closing conditions, including receipt of US regulatory approval, and is expected to close in the first quarter of 2019.
Founded in 1991, Buffalo Filter, part of Filtration Group, is the market leader in surgical smoke evacuation technologies. The company’s comprehensive product portfolio includes smoke evacuation pencils, smoke evacuators, and laparoscopic solutions.
“This acquisition is a strong
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