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Guernsey Finance, the island’s offshore finance promotional agency, has promoted Kate Clouston to the position of deputy chief executive.
Since starting with Guernsey Finance in 2015 as the agency’s first director of international business development, Clouston (pictured) has been responsible for leading business delegations and promotional activity in South East Asia, North America and Europe.
Her work has had a focus on evaluating and developing these target markets, through implementation of development strategies around emerging financial products, and attracting new companies or business to Guernsey.
Guernsey Finance chief executive, Dominic Wheatley, says: “Kate brings a tremendous level of
- 09/05/2017
- 09/05/2017
CohnReznick, a US-based accounting, tax, and advisory firm, has tapped Netherlands-based Marc Altena to serve as EMEA advisory services leader and leader of the firm’s newly formed European subsidiary, CohnReznick Netherlands, based in The Hague.
Altena is an experienced consultant specialising in business and technology transformation solutions.
Previously, he served as managing partner of a Netherlands-based consulting firm, working with clients throughout EMEA in the real estate, insurance, and banking sectors. He brings expertise in business transformation strategy, process optimisation, international project management, change management, and global technology implementations.
The practice serves real estate, private equity, and life
- 08/05/2017
YFM Equity Partners has appointed James Savage as portfolio director.
Based in the London office, he will focus on actively managing YFM’s growth and buy-out investments as part of the portfolio team led by David Bell.
With over 12 years’ industry experience, Savage joins from Barclays’ Principal Investments team (formerly Barclays Ventures) where he was vice president, working on a range of transaction types, situations and across sectors with a primary focus on value creation and realisation. Prior to this he advised private equity sponsors and management teams at BDO.
David Hall, managing director of YFM, says: “We
- 08/05/2017
- 08/05/2017
ThoughtRiver, a developer of contract intelligence AI software, has raised more than USD1 million from a group of investors, including former Vodafone UK CEO Guy Laurence and Michael Findlay, chairman of Morgan Sindall and former co-head of investment banking for Bank of America Merrill Lynch.
The funding round, which was also listed on SyndicateRoom, an online equity investing platform, and promoted by Cambridge Capital Group, was oversubscribed within 11 days.
Founded in 2013 by Tim Pullan, ThoughtRiver has developed software that uses AI to scan and interpret information in written contracts. It produces visuals of the potential risks in
- 08/05/2017
- 08/05/2017
Law firm Howard Kennedy has acted for the founders and shareholders of Solopress on its sale to German print giant Onlineprinters, which completed on 2 May 2017.
Solopress, founded in 1999, is one of the UK’s largest fast-turnaround online print companies, providing a wide range of business printed materials, including business cards, leaflets, brochures, posters and banners.
In 2016 the business fulfilled more than 300,000 orders and in October 2016 hit its one million order mark.
Onlineprinters, based in Germany, is one of a portfolio of companies held by the German family office and private equity investor Bregal
- 08/05/2017
Flex Logix Technologies, a supplier of embedded FPGA IP and software, has secured USD5 million in a Series B equity financing.
Led by existing investors Lux Capital and Eclipse Ventures, with participation from the Tate Family Trust, this new round of funding will enable Flex Logix to expand its sales, applications and engineering teams to meet the growing customer demand for its embedded FPGA platform in a variety of applications such as networking, government, data centres and deep learning.
"We believe that Flex Logix's embedded FPGA has the potential to be as pervasive as ARM's embedded processors have become
- 08/05/2017
- 08/05/2017
Falcon Computing Solutions, a provider of acceleration technology and solutions for big-data applications, has closed a USD8 million financing round led by Intel Capital.
Joining Intel Capital are all previous investors including Baidu Ventures and Clear Ventures, as well as SV Tech Ventures and Sierra Ventures.
Falcon will use the investment to continue building a team to productize its acceleration technology and build best-in-class solutions across multiple vertical markets. In addition to its existing offices in Los Angeles and Beijing, the company also recently opened new headquarters in Santa Clara, CA as it continues to grow. The investment brings the total
- 08/05/2017
CVC Credit Partners’ US middle market private debt business acted as administrative agent on a first lien senior secured debt facility provided to Wastewater Specialities (WWS).
The proceeds were used to refinance existing debt and support future growth through equipment purchases.
Headquartered in Lake Charles, Louisiana and employing over 300 people, WWS is a provider of industrial and specialty cleaning services to over 500 industrial, marine, oilfield and commercial customers. The company was acquired in December 2014 by Polus Capital and management.
David Rous, managing director in CVC Credit Partners’ private debt business, says: “We are delighted to
- 08/05/2017
The Business Development Bank of Canada (BDC) and MaRS Investment Accelerator Fund (IAF), a seed-stage investor funded by the Province of Ontario and managed by MaRS, have held the first closing of StandUp Ventures Fund I.
BDC Capital, the investment arm of BDC, has contributed CAD5 million to the new fund; other investors are being sought.
"I am delighted to see this new fund take flight and I am optimistic that other corporate investors will follow BDC's lead in this regard," says Jérôme Nycz, executive vice president of BDC Capital.
BDC announced that it would create the fund in November
- 08/05/2017
First Global Data has partnered with The Money Cloud (TMC) to add global foreign exchange (FX) comparison and purchasing services to its offering.
TMC considers itself the "Trivago of FX", currently providing FX comparisons between companies. TMC will integrate to First Global's mobile wallet to provide foreign exchange services to 140 countries.
TMC will also promote First Global's mobile wallet and payment services to TMC clients across Europe.
Foreign exchange is by volume the largest market in the world. According to the Bank for International Settlements, deliverable foreign exchange is in the region of USD177 trillion per annum (2015).
- 08/05/2017
- 08/05/2017
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