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Limerston Capital-backed HR services group AdviserPlus has acquired Succeed Consultancy and made an investment in Elementsuite. The new deal is part of Limerston Capital’s bid to create the UK’s leading data and technology-enabled HR services group.
Succeed is a major provider of human capital management (HCM) solutions to large enterprise customers. Succeed has nearly 20 years advising companies on HR transformation needs and implementing leading HCM software solutions including PeopleSoft, Oracle and Elementsuite.
Elementsuite is a cloud-based HR software platform, providing a full-suite of solutions from recruitment, onboarding and learning, to core HR, scheduling and performance management to large enterprise
Aster, an independent venture capital firm with EUR520 million raised, has selected IHS Markit’s iLEVEL platform to collect, monitor, and report on portfolio data.
A specialist in digital transformation and new industrial models, Aster has funded 60 companies since 2000. In its search for a portfolio platform, the firm wanted a best-in-class solution and chose iLEVEL for its ability to provide new operational efficiencies that would scale with rapid growth at Aster.
“With our latest fund raised, Aster is now the leading venture capital fund dedicated to mobilities of the future and energy transition,” says Jean-Marc Bally, managing partner at
K4Connect, a technology company that creates solutions for older adults and individuals living with disabilities, has closed a USD12 million Series B funding round led by AXA Venture Partners.
This latest round brings the funding total to over USD22 million and will be used to further develop the Company’s K4Community solution and underlying Fusion platform/OS technologies. K4Connect will also use the proceeds to expand its customer base, which already includes over 13,000 residents across dozens of senior living communities from Florida to California, as well as to accelerate its partnerships across a spectrum of consumer and senior living-specific companies. The
A London-based company has unveiled a new web-based marketing compliance tool that it says is aiming to transform marketing compliance for the alternative investment fund management (AIFM) industry.
Sales Road Maps Online (SRMO) provides AIFMs with key marketing compliance “rules of the road” for 50 jurisdictions when AIFMs are fundraising worldwide.
SRMO Founder & CEO Cathy Brand says: “We have had so many clients over the years asking us to develop this product. By way of background, all AIFMs must comply with local rules (which differ country-by-country) on marketing their AIFs. To investigate numerous, complex country regulations is a time-consuming
SP Capital Partners (SP Capital), a New York-based private equity seeding platform, has closed its latest USD200 million fund, which manages both discretionary and managed separate accounts to invest in spin-out managers and provide flexible capital for seed, acceleration or expansion purposes.
In addition to being a capital provider, SP Capital is a value-added partner, deploying its expertise to help build private equity firms. SP Capital is also able to leverage the project management and global distribution capabilities of Sixpoint Partners (Sixpoint) in order to offer a comprehensive seeding, fundraising and investor relations solution for its portfolio funds.
SP
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,
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