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Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms, has reported revenue growth of 20 per cent year-on-year so far in 2018.
The company has seen a 23 per cent increase in the number of end-users on its flagship IT-as-a-Service product, AbacusFLEXä, and a 28 per cent increase in number of client firms on its cloud platform.
“We marked our first decade of service to the alternative investment community this year, and we are preparing for the next 10 years with a heavy investment in technology and cybersecurity, as well as intentionally-designed office
Private equity fundraising in Africa, including final and interim closes, totalled USD2.1 billion in the first six months of 2018, highlighting the continuing attractiveness of Africa’s investment landscape, according to a new report by The African Private Equity and Venture Capital Association (AVCA).
Some 60 per cent of that amount was allocated to infrastructure-related funds.
The total value of reported PE deals in the first half of 2018 was USD0.9 billion, with the Consumer Discretionary, Financials and Consumer Staples sectors accounting for the highest volume of activity over the period. Specifically, the Financials sectors’ deal volume share increased to
Crypto Valley Venture Capital (CV VC), a new company founded by Zug-based Lakeside Partners and a group of private investors, is to invest in all stages of crypto and blockchain development, from incubation to late stage.
The CV Labs incubator will offer seed money and a three-month incubation program to blockchain startups.
“The time is ripe for CV VC”, says Mathias Ruch, Founder/Managing Partner at Lakeside Partners and Founder/CEO of CV VC: “After the initial phase of pioneers, traditional investors and big players of the ‘old economy’ are starting to take note, analysts now speak of a new dawn
Development Partners International (DPI), a leading Pan-African private equity firm has made an investment through African Development Partners II (ADP II), in Moroccan irrigation systems and solutions business, Compagnie Marocaine de Goutte à goutte et de Pompage (CMGP).
Under the agreement, ADP II has acquired a majority stake in CMGP from existing shareholders, the original founding family, the Moamah family, and Amethis Maghreb Fund I, for a total amount of approximately USD100 million. This will be the largest private equity transaction announced in Morocco in 2018.
Established in 1995, CMGP is the market leader for irrigation in Morocco and
Private equity firm The Riverside Company has made an investment in Hiway Group (Hiway), a New Zealand-based ground improvement specialist that has been delivering innovative and environmentally friendly solutions since 1986.
The company is New Zealand’s leading provider of specialist recycling solutions for road, rail and pavement stabilisation, slip and slope reinforcement, soil mechanics, geotechnical design and contamination remediation. Hiway is leveraging this expertise with a fast-growing footprint in the larger Australian market.
“It’s an exciting time for us, partnering with a company like Hiway,” says Riverside Partner Steven Spiteri. “They’ve continually delivered high-quality, long-lasting solutions for more than
Triple Point has launched the Venture Fund, a new share class in the successful Triple Point VCT 2011 plc. The fund is designed to generate significant returns for investors through a challenge-led investment strategy.
Traditional venture investing focuses on researching a broad cohort of companies and seeking to identify those businesses that are likely to be successful. However, this analysis cannot always predict whether there is a genuine market demand for a product or service. Research has shown that over 40 per cent of start-ups fail because there is no market need, the product doesn’t resonate with the market, or the
Primary Bid, an online platform that enables retail investors to gain access to discounted equity offerings of publicly listed companies, has closed a GBP2 million investment round led by funds managed by Lombard Odier, family offices and a series of angel investors.
The proceeds will fuel Primary Bid’s pan European expansion plan, which will give retail investors exclusive opportunities to buy shares in quoted companies across the Eurozone at discounted rates.
Commenting on the funding round, Anand Sambasivan, co-founder and CEO of Primary Bid, says: “A key objective for Primary Bid is to allow pan-European retail investors seamless access to pan-European
Online wealth manager Tiller Investments has greed a partnership with venture capital firm West Hill Capital.
West Hill Capital will now offer access to Tiller’s premium wealth management service to all of its clients via the firm’s distribution network.
Built from the ground up, Tiller’s modular technology design makes it an ideal partner for institutions, such as private banks and asset managers, looking for an intuitive and effortless online solution to meet the demands of their clients. Tiller’s various components can be white-labelled, customised and integrated to an institution’s existing infrastructure.
Ian Cadby, Chief Executive Officer and Co-Founder
Maru Group, a technology-enabled market and customer insights Group backed by Primary Capital, has acquired social listening software Lissted.
The integration of the software into Maru is the latest in a number of significant developments for the Group and will enhance its capabilities, enabling it to remain at the forefront of digital insights.
Founded in 2015, Lissted enables its users to identify key influencers in relevant online communities, gain real-time insights from social media conversations, and engage with targeted clients and customers. The software has four embedded algorithms that are exclusive to and wholly owned by Lissted, which can
Ancala Midstream Acquisitions Limited (Ancala Midstream) has appointed Paul Mitchell as its Chief Financial Officer.
Mitchell joins the senior executive team as Ancala Midstream, which owns interests in and operates the Scottish Area Gas Evacuation pipeline and terminal (SAGE System) and the Beryl pipeline, seeks to expand its activities in the midstream sector across the North Sea. He will play a key role in the further development and implementation of Ancala Midstream’s strategic plans.
The SAGE System comprises a 323-kilometre, 30-inch pipeline and a gas processing terminal located at St Fergus, 65 kilometres north of Aberdeen. The 30-inch Beryl
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