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Iceoplex Operating, an affiliate of Blackstreet Capital Holdings (BCH), has acquired substantially all of the assets of the Iceoplex at Southpointe sports complex.
The facility has one sheet of ice, one multi-purpose indoor sport court utilised for indoor soccer and other turf sports, a health club, outdoor volleyball courts and the BLVD Pub and Kitchen restaurant.
Iceoplex, located in Canonsburg, PA, is a year-round indoor one-sheet ice arena that is home to numerous youth hockey and figure skating clubs and was previously the training facility for the NHL’s Pittsburgh Penguins.
Iceoplex is the fourth ice arena purchased by
- 22/02/2017
Latvian peer-to-peer lending platform TWINO has begun listing short term loans via its Spanish originator, allowing its investors to further diversify their investment portfolios.
Spain is the sixth country listed on TWINIO’s pan-European platform.
The Spanish short term loans will have a maximum duration of one month and will offer investors a return rate of 8 per cent per annum. The loans will be covered by TWINO’s BuyBack Guarantee, which protects investors from borrower default risk.
TWINO, which introduced its peer-to-peer lending platform in 2015, provides short-term unsecured consumer loans for private individuals across a number of European countries
- 22/02/2017
Northern Trust, in collaboration with IBM and other key stakeholders, has launched the first commercial deployment of blockchain technology for the private equity market.
While private equity returns can be attractive, the infrastructure supporting private equity has seen little innovation in recent years at a time when investors are seeking greater transparency, security and efficiency.
To address this need, Northern Trust and IBM built a security-rich blockchain, or distributed ledger solution, based on the Hyperledger Fabric. It is available for use for managing the administration of a private equity fund managed by Unigestion, a Geneva, Switzerland-based asset manager with
- 22/02/2017
Global Alliance Wealth Management, an alternative investment management firm with offices in New York and Hong Kong, has extended its Alternative Solutions Platform, soon to become available for accredited investors and private clients.
Since 2008, Global Alliance Wealth Management has provided its global client base with access to alternative investment and private equity management solutions.
Extending on the company’s services, the Alternative Solution Platform will seek to deliver long-term capital appreciation whilst managing volatile frequencies throughout global equity markets. The extension of service is backed by a strategy that was previous available only to qualified purchasers of the company’s alternative
- 22/02/2017
Mid Europa Partners, a private equity investor focused on Central and South Eastern Europe, is to sell Zabka Polska to funds advised by CVC Capital Partners.
The transaction is subject to customary competition authority clearance and is expected to close in Q2 2017.
The Zabka sale is the largest ever transaction in the Polish food retail sector and the largest ever private equity exit in Poland. Together with the Alpha exit announced earlier this year, Mid Europa is poised to return over EUR1.1 billion to its investors during Q2 2017.
Robert Knorr, co-managing partner of Mid Europa and
- 22/02/2017
- 22/02/2017
data.world, the social network for data people, has closed USD18.7 million in venture capital funding at double the valuation of its previous round.
This second round brings the total amount of capital raised to USD32.7 million and places data.world among the technology sector’s top five venture-backed Certified B Corporations of all time.
The new capital will be used to fund rapid progress toward the company’s mission to build the most meaningful, collaborative and abundant data resource in the world.
The round was led by Pat Ryan’s family investment group and includes capital from Chicago Ventures, Fyrfly Venture Partners,
- 22/02/2017
- 22/02/2017
Amethis Finance and Metier have teamed up to acquire a significant minority stake in East African packaged food business Kenafric Industries.
The Kenafric Group was founded in 1987 by Velji Punja Shah and his four sons.
The group has grown to emerge as a major FMCG group in East Africa, having diversified into confectionery, footwear, culinary and stationery manufacturing.
This transaction is limited to the confectionery and culinary business and the Shah family will continue to operate the footwear and stationery business separately.
Amethis has a long-standing relationship with the Shah family and the transaction developed as
- 21/02/2017
Total funding for US fintech companies and deal activity dropped significantly in 2016, down to USD12.8 billion from USD27 billion in 2015, a result of political and regulatory uncertainty, a decline in megadeals and investor caution.
That’s according to KPMG's Q4 2016 The Pulse of Fintech report, which reveals that despite the drop in total funding for US fintech, 2016 was the third strongest year for fintech investment and second highest year for venture capital (VC) fintech investment.
On a global basis, total fintech funding declined by almost 50 per cent, falling to USD25 billion in 2016 from USD47 billion
- 21/02/2017
Arma Partners has acted as exclusive financial adviser to Evidon, a portfolio company of Warburg Pincus, on the sale of its Ghostery consumer assets to Cliqz.
Cliqz is a Munich-based web browser provider with integrated search engine owned by Hubert Burda Media and the Mozilla Corporation.
The Ghostery assets include the popular anti-tracking browser extension and mobile app, with 10 million active users around the globe.
- 21/02/2017
Euronext has announced the launch of Euronext Family Business, the first European index dedicated to family businesses, designed to highlight the performance of 90 family companies listed in the four countries covered by Euronext.
Components of the Euronext Family Business Index are selected from listed companies in compartments A, B and C of Euronext and on Alternext. To be eligible, candidates must meet criteria defining family businesses as determined by Euronext, with no limit on size or sector.
The criteria include the requirement that the physical person(s) who created the company, or the physical person(s) who acquired the company capital,
- 21/02/2017
- 21/02/2017
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