PE Tech Report

Latest News

View, a specialist in dynamic glass, has secured USD100 million in investments, including a USD50 million investment by TIAA Investments, an affiliate of USD882 billion Nuveen. This investment provides growth capital and enables View to expand its manufacturing capacity and to scale operations in order to meet rapidly growing demand.   “We are experiencing high demand for View Dynamic Glass and are pleased to double down on our momentum with the support of new and existing partners,” says View CEO Rao Mulpuri. “We are particularly thrilled to have the support of one of the world’s largest asset managers as we
Silicon Valley Bank (SVB) has appointed Gavin Rees as market manager on its global fund banking team in the UK. The team serves private equity and venture capital funds with banking services and customised financing.   SVB banks businesses such as Momondo, Darktrace, ReceiptBank and Made.com.   Rees has over 25 years of commercial banking experience, of which 11 years were focused on funds finance and seven years on structured finance. He joins Silicon Valley Bank from Barclays, where he led the European private equity funds team. Before that, he was a founder member of WestLB’s funds finance group in
Middle market private equity firm One Equity Partners has completed fundraising for One Equity Partners VI, with total capital commitments of USD1.65 billion, surpassing its target. Though One Equity Partners VI is the firm’s sixth private equity fund, it is the first fund raised with outside capital following the firm’s spinout from JP Morgan in 2015.   “The entire team would like to thank all of our investors for the outstanding support One Equity Partners received in closing our first private equity fund as an independent firm,” says the leadership team of One Equity Partners. “The strong response reflects the
Monomoy Capital Partners, a private equity firm focused on value investing and business improvement in the middle market, has appointed Ashley Johansen as a managing director and head of investor relations and fundraising.  Johansen will help Monomoy develop an investor relations programme designed to enhance and expand the firm’s partnership with investors.   Johansen has over 17 years of experience in marketing and communications in the financial services sector and seven years of experience raising capital for private equity. She spent 10 years of her career at Coller Capital, where she helped institutionalise the business, build out the firm’s global
Harwood Capital Group has launched a new investment business to complement its existing portfolio of companies. The group has identified a significant gap in the current market and believes that investors are increasingly looking for long term, unconstrained, concentrated opportunities to invest in publicly listed small to medium sized quoted companies.   The new business (which is subject to the requisite regulatory approvals being granted) will be chaired by former HgCapital chief executive officer Ian Armitage, who has more than three decades’ industry experience in private equity and is currently chairman of The Key and non-executive director of Tenzing Private
First Derivatives (FD) has agreed a partnership with BGF, a UK investor in small and mid-sized companies, which combines FD’s technology and support with BGF’s GBP2.5 billion balance sheet and network of board level executives.  The aim is to turn bright ideas into disruptive companies in some of the most exciting sectors of the economy.   Over the course of the last year FD has received increasing numbers of requests from established, start-up and scale up firms as well as researchers and incubators at academic institutions interested in understanding how Kx – FD’s ultra-high performance technology platform for the processing
Dutch start-up bloomon has raised USD23 million (EUR21.4 million) in Series B financing, bringing the total investment to USD27.4 million (EUR25.5 million) in two years. The financing was led by Benelux venture capital firm Fortino Capital. INKEF Capital, Partech Ventures and bloomon’s angel investors also participated in the round.   Positioned in the Netherlands, the heart of the world’s largest flower export industry, online flower delivery service bloomon launched in Amsterdam in November 2014. Disrupting the traditional grower-auction-wholesaler-store supply chain, it delivers fresh flowers directly from the grower to the customer. This approach – 80 per cent shorter supply chain
Private equity firm ORIX Capital Partners has sponsored a private equity investment and acquired Hoffman Southwest Corp (HSW), a provider of water flow inspection, repair and cleaning services. A former portfolio company of the private equity firm Sterling Partners, HSW provides underground pipe inspection, trenchless pipe repair, excavation and cleaning services for municipal and utility customers under the Pro-Pipe brand, and plumbing, drain cleaning, trenchless pipe repair and water restoration services for commercial and residential customers as the largest franchisee of the Roto-Rooter brand.   The company’s existing executive management team, including CEO Mark Burel and CFO Bruce Lux, will
Clayton, Dubilier & Rice is to sell Mauser Group, a supplier of industrial rigid packaging products and reconditioning services, to Stone Canyon Industries (SCI) in an all-cash deal valued at USD2.3 billion. SCI, through its subsidiary BWAY Corp, manufactures rigid metal and plastic containers.   “Mauser is an exceptionally well-positioned business that has delivered strong and consistent performance under our ownership,” says CD&R partner David Novak. “We believe that this transaction will benefit the market position and long-term growth prospects for both companies and prove to be rewarding for their employees and valued customers.”    Under CD&R’s ownership, Mauser achieved
Emlen Harmon has joined JMP Securities as a managing director and equity research analyst following regional banks. He is based in the firm’s New York office.   Earlier this month, Harmon initiated coverage of nine companies: Associated Banc-Corp; BancorpSouth, Inc. First Horizon National Corporation; First Republic Bank; Hancock Holding Company; IBERIABANK Corporation; Synovus Financial Corp; Texas Capital Bancshares, Inc; and Zions Bancorporation.   “Emlen is an important addition to our financial services franchise,” says Tom Wright, director of equities at JMP Securities. “He is well regarded by institutional investors, and his research on regional banks will significantly expand JMP’s coverage

Special Reports

Featured

Events

16 May, 2024 – 8:30 am

Directory Listings