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Noerr has advised the fintech company Deposit Solutions on a USD100 million investment round with Vitruvian, Kinnevik and existing shareholders.
Besides the main investor Vitruvian Partners, Kinnevik and existing shareholders such as e.ventures were also involved. Due to this financing round, the valuation of Deposit Solutions has increased to USD500 million.
Deposit Solutions operates the world’s first open banking platform for savings deposits and works with over 70 partner banks in 16 countries, including Deutsche Bank and the Fidelity subsidiary FFB. Via the distribution channels Zinspilot and Savedo, Deposit Solutions also markets selected deposit offers of the partner banks
Morgan Lewis continues to expand its European and global cross-border corporate capabilities in its London office with the addition of three new partners from Herbert Smith Freehills.
Mark Geday, Nicholas Moore, and Tomasz Wozniak will soon join Morgan Lewis, adding a wealth of experience in a broad range of complex and cross-border corporate transactions.
The three seasoned corporate and private equity partners have worked together for many years, representing clients in transactions throughout the world and across a number of sectors, including asset management, technology, natural resources, media, telecommunications, and consumer products.
“Mark, Nick, and Tom have served
Eaton Partners has served as the exclusive placement agent for SDC Capital Partners’ (SDC) first-time fund that will invest in IT and communications infrastructure, with a focus on data centres.
The SDC Digital Infrastructure Opportunity Fund I LP reached its hard cap of USD400 million in capital commitments in less than six months. The oversubscribed fund received strong support from a diverse range of institutional investors, primarily top-tier endowments along with foundations, pension plans, consultants, and high net worth individuals.
SDC Founder and Managing Partner Todd Aaron has also co-founded and co-led Sentinel Data Centers since its inception in
Verifone Systems, a specialist in payment and commerce solutions, has been acquired by an investor group led by Francisco Partners, a leading technology-focused private equity firm, and including British Columbia Investment Management Corporation.
The acquisition was previously announced on 9 April 9 2018. With the transaction completed, Mike Pulli becomes Verifone’s new CEO.
“The closing of this transaction represents a new and exciting chapter for Verifone as we seek to continue the transformation of Verifone from a terminal sales company to a leading provider of payments and commerce solutions,” says Pulli. “Francisco Partners brings deep industry expertise in payments
Avedon Capital Partners and Management have sold CycloMedia, an international provider of accurate geospatial imagery-data and data analytics to Volpi Capital, a European growth investor, based in London, UK.
Both Management and Avedon are pleased with this transaction which confirms the value creation strategy that was actively pursued in partnership.
Founded in 1980 and based in the Netherlands, CycloMedia provides a rich end-to-end B2B geo-data and software platform and has an established presence in the US, Dutch, German and Scandinavian markets. Using proprietary cloud-based technologies, CycloMedia’s high accuracy data sets allow governments and enterprises to assess, analyse and measure
Edge Technology Group, a Managed Service Provider to the financial sector, has released a paper exploring several key factors to aid investment firms in developing an informed cloud migration strategy.
The paper also provides key findings from the Gartner research report, ‘Build the Right Justification for Moving to the Cloud’ (Kevin Ji; Refreshed 27 July 2018, Published 15 May 2017). The paper is designed to aid firms in mapping a successful cloud migration for their particular use cases.
As cloud computing continues to evolve, the views on the value of public versus private cloud are also developing. In many
CreativeCap Advisors,a premier global asset management consulting firm, has added Richard S Heller, Partner at Thompson Hine, as one of the mentors for the firm’s Global Emerging Manager Incubator.
Heller (pictured), joins the global mentor network having extensive experience working with fund managers helping them to structure their funds and advising them on best practices in building a quality fund business.
“We are very excited to welcome Richard Heller to our global network of mentors. We are confident that his vast experience and expertise will better enable our incubatees to build superior and stronger businesses,” says Tyra S Jeffries,
Through its IDEAS Managed Fund, African Infrastructure Investment Managers (AIIM) has acquired stakes in nine new solar and wind power plants in South Africa.
When all nine power facilities are fully operational, which is expected to be at the end of 2020, they will provide an additional 800 MW of renewable energy capacity into South Africa’s national power grid. The power facilities will deliver about 2 425 GWh annually, preventing around 2.4 million tonnes of carbon emissions from traditional fossil fuel power plants per annum. When operating at full capacity, they are expected to supply enough green electricity to power
BGF has successfully exited its investment into Leicester-headquartered MPK Garages, an independent operator of fuel forecourts under the Texaco and Gulf brands.
The company has been acquired by Stratford Retail Group as part of its strategy to build a group of fuel and retail forecourts in the UK.
BGF initially invested GBP7 million alongside a further GBP7 million from HSBC in March 2016 to support the expansion of MPK’s portfolio and to refresh seven sites within the existing estate. The new sites, which all feature retail outlets in addition to the fuel forecourts, have been added in Belper
Financial Information Technologies (Fintech), a provider of invoicing, electronic payment and analytics solutions to the beverage alcohol industry, has secured a strategic investment from TA Associates and Luminate Capital Partners, building on the initial 2016 investment by Luminate.
Financial terms of the transaction have not been disclosed.
Fintech is partnering with TA and Luminate to enhance its leadership role in the beverage alcohol market through new product innovations and strategic acquisitions. Fintech created the first electronic payment solution for regulated beverage alcohol and has expanded its products to offer proprietary analytics tools to help its customers improve their business
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