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Frontier Capital (Frontier), a Charlotte-based growth equity firm focused exclusively on software and tech-enabled business services companies, has sold MultiLing, a provider of global intellectual property (IP) translation and support services, to Questel, a global online IP service provider.
Through its proprietary Savanta cloud platform that leverages digital workflow, artificial intelligence and a global network of 1000-plus linguists, MultiLing provides skilful, accurate, cost-effective patent translation services. The company serves the world’s most demanding and sophisticated patent filers in over 200 unique language pairs, and has translated over 1.6 billion words for its diverse client base of blue-chip corporations and law
Handshake, a career network for US college students, has closed a USD40 million Series C funding round led by the EQT Ventures fund (EQT Ventures), a European multi-stage VC fund.
This funding round also includes participation from leading social impact investors including The Chan Zuckerberg Initiative (CZI), Omidyar Network (Omidyar), and Reach Capital (Reach), among others. In conjunction with the funding, Alastair Mitchell of EQT Ventures is joining Handshake’s Board of Directors. Representatives from CZI, Omidyar, Reach and others will be joining a newly formed Impact Advisory Board to advise the company on better measuring and growing its social impact.
Crossplane Capital, a new Dallas-based private equity firm, is to target control investments in niche manufacturing, value-added distribution and industrial business services companies, with up to USD200 million of revenue.
With eight decades of combined experience transforming industrial companies as senior executives, operational improvement consultants, strategy consultants, restructuring advisors and private equity investors, Crossplane’s team brings a sophisticated operating model to family owned companies and companies involved in complex situations.
Founded by partners Brian Hegi and Ben Eakes, and joined by Ingrid West, operating partner, and Mike Sullivan, managing director, Crossplane’s senior leadership team has 32 years of collective
CAIS, an alternative investments platform for the independent wealth channel, is to offer independent financial advisers institutional quality outsourced-CIO (OCIO) services through investment services provided by Mercer.
Mercer’s investment services offering includes access to one of the largest manager research platforms in the industry, model portfolio construction, manager selection, custom fund implementations and due diligence across the entire investable universe. Advisors will have the ability to choose what they need to supplement their in-house expertise, boost their arsenal of investment strategies, differentiate their portfolios and provide a superior client experience.
“Independent financial advisors oversee their clients’ economic futures, and
Backstop Solutions, a cloud-based productivity suite provider to the institutional investment industry, has completed a USD20 million round of financing.
Existing and new investors participating in the round include Roger Kafker, a 30-year veteran investor in the asset management space, Tao Huang, former COO of Morningstar, David Bradley, President of Huizenga Capital Management, and Vistara Capital Partners. Financial Technology Partners (FT Partners) served as exclusive strategic and financial advisor to Backstop Solutions on this transaction.
This round of financing builds on an outstanding year for Backstop, which saw a rapidly growing roster of clients, key executive appointments, and
True Ventures has closed its sixth early stage fund True Ventures VI with USD350 million in capital commitments and its third Select Fund True Ventures Select III at USD285 million.
The firm will use Fund VI to continue investing in dynamic, category-leading founders building companies across a range of industries. Fund VI investments will include enterprise software, hardware devices, consumer products, cryptocurrencies and innovation in digital biology.
“Our goal is to support the whole founder – personally, professionally, financially and interpersonally – so they have the emotional safety needed in order to be fearlessly creative,” says Jon Callaghan, co-founder
The State Street Global Exchange Private Equity Index (GXPEI) posted its second highest quarterly return of the past two years at 3.99 per cent in the second quarter of 2018.
The venture capital category held its lead for the second quarter in a row with a 4.64 per cent gain, followed closely by buyout funds with a 4.18 per cent return; but private debt lagged behind with a 1.90 per cent return for the quarter.
The PEI is based on directly-sourced limited partnership data and represents more than USD2.8 trillion in private equity investments, with more than 2,900 unique
Noerr has advised funds managed by Bregal Unternehmerkapital on its acquisition of trendtours Touristik as part of a succession arrangement. The shares were sold by the company’s founder and by the Managing Director and other shareholders.
trendtours is one of the leading tour operators in Germany and offers a broad portfolio of individual packaged tours. Together with the employees of trendtours, Bregal intends to continue ongoing initiatives while also focussing on new growth paths. Bregal Unternehmerkapital is part of the private equity business of a family-owned business that has been built up over generations.
The transaction has already been
Naxicap Partners, an affiliate of Natixis Investment Managers, has acquired a majority stake in Let’s Go Fitness following the exit of Afinum.
Working in partnership with the company’s existing management, led by Jean-Pierre Sacco, François Victor and Steve Porchet, Naxicap Partners will launch a new phase of growth for the company.
Let’s Go Fitness is the largest operator of fitness centres in French-speaking Switzerland, focussing on the upper middle-class pricing segment. It has been controlled by Afinum since 2014. The group currently operates 52 fitness centres, mostly in the Lake Geneva region. Since its foundation in 2002, the group has
Ipsos has acquired Synthesio in a deal worth over USD50 million in cash. Founded in 2006, Synthesio is a Social Media Intelligence specialist with presence in New York, Paris, London, Singapore, and Brussels, backed by its historical shareholders: Entrepreneur Venture, Idinvest Partners and Bpifrance.
Synthesio employs 130 personnel worldwide including a large team of engineers and data scientists. It provides clients with listening solutions and audience insights to measure the impact of social and mainstream media conversations.
Beyond product innovation, Synthesio plans to grow its international presence and services beyond its existing five offices. Synthesio will be a standalone business unit at Ipsos, maintaining
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