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Corporate gifting company Snappy has secured USD10 million in funding to date, led by 83North with participation from Hearst Ventures.
Snappy believes that companies are looking for creative ways to reward employees, but gift cards, paper weights, and other generic corporate gifts don’t make employees feel valued.
Snappy allows employees to choose their favourite gift from a curated collection of personalised options, which include local experiences like cooking and yoga classes, global getaways, as well as trending products like Amazon’s Echo Dot and drones. Gifts are sent via email or text and are sourced from leading brands and retailers, with
Specialist provider of medical devices and equipment, IQ Medical, has received a GBP250,000 funding package through the Midlands Engine Investment Fund, WM Debt Finance fund, managed by Maven Capital Partners.
The funding will be used to fuel the development of new, high-performance products – allowing it to diversify its NHS Hospitals and Care Home portfolio and strengthen its sales and marketing team.
IQ Medical provides specialist medical equipment, disinfection services and planned and preventative maintenance to both the NHS and private sectors across the UK. Its cornerstone product is a portfolio of highly-effective and clinically-proven, Pressure Area Care
Dentons has advised KKR-backed Calsonic Kansei on the agreement by its holding company, CK Holdings, to acquire Magneti Marelli, the automotive components business of Fiat Chrysler Automobiles.
Following the closing of the transaction, which is valued at EUR6.2 billion, CK Holdings will be renamed Magneti Marelli CK Holdings and will supply components to Fiat Chrysler through a multi-year agreement. Magneti Marelli’s operational headquarters will remain in Milan, Italy while the existing Calsonic Kansei operational headquarters will remain in Saitama, Japan.
The combined businesses will create the world’s seventh largest global independent automotive components supplier based on total revenues. Magneti Marelli
Akin Gump has added a four-partner financial restructuring and global debt finance team, with Thomas F O’Connor, Renée M.Dailey, Christopher E Lawrence and Chester L “Chip” Fisher all joining from Morgan Lewis.
O’Connor will be based in Akin Gump’s London office, while Dailey, Fisher and Lawrence will launch the firm’s new Hartford, Connecticut office.
The team focuses on the institutional debt private placement market across the globe, with a practice encompassing a wide range of private placement financing transactions and financial restructuring matters. Their arrival significantly enhances the firm’s capabilities and strengths advising institutional private placement investors on financings and
The latest figures on the size of the finance industry in Jersey show banking deposits are rising and the value of the funds industry is at a record high.
The net asset value of regulated funds under administration grew by GBP15 billion during the second quarter of 2018 to stand at GBP296 billion at 30 June 2018, the highest recorded figure to date, while banking deposits are also higher at GBP121.2 billion, the most since March 2016 and GBP5.7 billion higher than in March 2018.
The statistics, collated by the Jersey Financial Services Commission (JFSC) and published by Jersey Finance,
That’s the subject of a live interactive conversation – Cracking the Next Gen of Liquid Alts: Private Equity – hosted by Private Equity Wire Managing Editor James Williams and Gemini at 11am EST on 7 November.
During this interactive webinar, a panel of industry experts will explain how their various investment vehicles provide investors with private equity exposure
Panelists include:
• Eric Bundonis, Portfolio Manager, KKR (Registered Interval Fund)
• David Armstrong, Portfolio Manager, Cedar Capital (Registered Open-End Fund)
• Dominique Severino, Partner, Orthogon Partners (Private Equity Fund)
David Young meanwhile, President of Gemini’s Private Fund Services, will specifically be looking at
Verdant Leisure has acquired ts ninth leisure park. Queensberry Bay Holiday Park & Spa, on the Dumfries and Galloway coastline in south west Scotland is the fifth holiday park purchase in the last 28 months for the bespoke leisure park operator.
The purchase brings Verdant Leisure’s portfolio to nine parks across southern Scotland and north east England and marks the fifth bolt-on since the company was backed by Palatine Private Equity in April 2016. This deal will continue the company’s growth strategy to create a strong regional group with significant scale, and Verdant Leisure remains keen to add further parks
Seasoned private equity executives Jeremy Hand, Simon Hitchcock, Luke Kingston, Adam Lewis and Martin Squier have launched a new private equity firm, Horizon Capital a sector-focused investor, targeting Technology and Business Service deals.
The new firm will make equity investments of between GBP10 – GBP50 million in high growth businesses with a particular focus on creating value through buy-and-build strategies.
Horizon last week closed on a new fund, Horizon 2018 – a seven-year investment vehicle which secured GBP200 million of commitments from a group of blue-chip institutional investors led by Pantheon and Idinvest Partners alongside other investors including Lombard Odier,
Foresight Group has, via the Foresight Williams Technology EIS Fund, made a GBP1.7 million investment into FreeFlow Technologies Limited (FreeFlow).
FreeFlow is developing a patented e-bike system technology that promises to be lightweight and compact, providing a higher power density than existing solutions. The Company’s novel design will improve the ride experience and bike aesthetics as it can be packaged within the bicycle frame. The company has additionally developed an innovative mechanical transmission system for fixed wheel bikes that allows the rider to freewheel, whilst retaining the smooth ride quality of fixed wheel.
As part of the investment, Martin McCourt,
Global technology investor Amadeus Capital Partners has added two UK-based partners, Nick Kingsbury and Volker Hirsch, to its team of early stage venture capital investors.
Kingsbury’s investment focus will be on cyber security, AI and B2B software businesses while Volker’s expertise is in artificial intelligence & machine learning, human-machine interfaces, enterprise SaaS, autonomous systems, digital health and medical technologies.
Kingsbury is an international software entrepreneur and venture capitalist. He started out founding software and consultancy companies and, after selling to Staffware in 1996, moved to private equity investor 3i as software and internet sector head, advising on more than 80 investments in eight years. Since 2007,
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