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Fave, Southeast Asia’s fastest growing mobile O2O (online to offline) platform, has raised over USD20 million in a Series B round from strategic and existing investors including Sequoia India, SIG Asia Investment and Venturra Capital.
Over the last two years, Fave has evolved into Southeast Asia’s largest mobile loyalty and rewards platform, helping retail businesses reach out to millions of customers with special offers, bookings, and cashback solutions. Its FavePay product offers a cashless mobile payment experience and has proven to be very popular with customers due to its convenience and cashback reward.
Fave has already helped tens of
Holland & Knight has launched HK Deal Flow, a new program designed to facilitate deal leads by matching acquisition or capital raising opportunities with buyers and investors.
HK Deal Flow utilises the firm’s network of more than 1,300 lawyers and advisors to leverage their deep knowledge of markets and industries to find acquisition and investment opportunities. Over the past year, Holland & Knight informally conducted the deal flow program and based on the positive feedback, the firm is formalising the process to bring access to the program to a wider group.
A key differentiator of the program is
Walker Morris has advised Real Good Food plc on the sale of Haydens Bakery Limited to a subsidiary of Bakkavor Group plc for GBP12 million.
Real Good Food focuses on three main markets including: cake decoration (Renshaw and Rainbox Dust Colours), food ingredients (R W Scott and Brighter Foods) and premium bakery (Chantilly Patisserie). Haydens Bakery has been part of Real Good Food since the Group’s inception in 2003 and produces premium tarts, pies and crumbles, Danish pastries, sweet buns, yum yums and doughnuts and sells principally to major retail customers.
Specialist lawyers from the Walker Morris Food &
Pomona Capital, a global private equity firm specialising in secondaries investing, has held the final close of its ninth secondaries flagship fund, Pomona Capital IX. The fund was oversubscribed and capped at USD1.8 billion.
Limited partners in the Fund include pension funds, sovereign wealth funds, financial institutions, endowments, foundations, and family offices from nearly 20 countries. Strong support from existing investors was complemented by a significant number of new investors from across the globe.
Of Pomona’s recent achievement, Pomona Founder & CEO Michael Granoff, says: “Pomona Capital IX, like its eight predecessor funds, will execute a disciplined secondaries investing
Investment manager Neuberger Berman has appointed Alberto Salato to the newly created role of Head of Southern Europe, effective immediately.
Based in Milan, Salato (pictured), will oversee client coverage across Iberia and Italy, reporting to Dik van Lomwel, Head of EMEA and LatAm.
Salato joins from Blackrock Investment Management, where he was Managing Director and Head of Institutional for the Italian business for over a decade. Prior to that, he was with Franklin Templeton Investments, having begun his career with JP Morgan Private Banking in Milan.
Dik van Lomwel, Head of EMEA and LatAm, says: “Italy, Spain and
Clyde Blowers Capital (CBC) has completed the sale of precision motion control expert, Cone Drive, to The Timken Company.
Since acquiring Cone Drive in 2012, CBC has repositioned Cone Drive from an industrial gearing company, operating largely out of North America, to a leader in precision motion control technology with operations on three continents. The successful acquisition of H-Fang, based in Jiangyin, China, in 2014 represented a key milestone in achieving this geographic expansion of the business.
Under CBC’s ownership Cone Drive’s sales have increased by 50 per cent to over USD100m; their total employees have more than doubled
Clayton, Dubilier & Rice has appointed Micaela Bulich, former Vice President Global Supply Chain for GE Renewable Energy’s USD8 billion onshore wind business, as an Operating Advisor to CD&R funds.
Bulich has more than 30 years’ experience as a strategy and execution leader of supply chain organisations in large, global, complex businesses. Most recently, Bulich served as VP Global Supply Chain for GE Renewable Energy’s Onshore Wind business, where her responsibilities included supply chain strategy, sourcing and global procurement, planning, manufacturing, logistics, and environmental health and safety. Other roles at GE included VP Sourcing for GE Energy, Senior Executive, Quality
Chicago-based private equity firm CORE Industrial Partners (CORE), has acquired Midwest Composite Technologies (MCT), a manufacturer of prototype and low-volume production components.
Financial terms of the transaction have not been disclosed.
Founded in 1984, MCT offers 3D prototyping and low-volume production services through a fleet of over 40 additive manufacturing machines, including in-house selection laser sintering (SLS), direct metal laser sintering (“DMLS”), polyjet printing (PJET), stereolithography (SLA), fused deposition modelling (FDM) and multi jet fusion (MFJ) technologies.
In addition to 3D printing and processing, the Company also offers CNC machining, injection moulding and industrial design capabilities to a
Ropes & Gray has advised UK private equity firm Epiris on Epiris Fund II’s acquisition of Bonhams, the global auction house, from private shareholders.
The deal, announced today, is the fourth investment of the Epiris Fund II. Bonhams is one of the world’s largest and most renowned auctioneers of fine art and antiques, motor cars and jewellery. The business holds more than 250 sales a year at its flagship salerooms, which include London, New York, Los Angeles and Hong Kong. In 2017, Bonhams sold more than 60,000 lots, generating over GBP450 million of hammer sales.
The Ropes &
Highvern Group has appointed private equity specialist, Mark Primrose, as an Associate Director and Head of Client Accounting.
Primrose qualified as a Chartered Accountant with KPMG before moving to an in-house role with Apax Partners and most recently in third party administration.
“We are thrilled to welcome Mark to the Highvern team. His extensive experience both within PE firms and fund administrators will be a great asset to our clients,” says Aidan O’Flanagan, Head of Funds. “Our innovative business model continues to attract clients and Mark’s appointment is testament to the value we place on high quality service delivered
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