PE Tech Report

Latest News

Unigestion and Akina are to merge their private equity businesses to create a specialist in global small and mid-market private equity. The company will have USD6 billion in assets under management and 54 dedicated professionals located in Geneva, Zurich, London, New York and Singapore.   The combination brings together two complementary private equity platforms with experienced professionals sharing the same investment philosophy in the small and mid-market segment.   Akina’s expertise in identifying investment opportunities in European markets through a high conviction top-down/bottom-up investment process complements Unigestion’s global reach and risk management expertise.   Christophe de Dardel, Unigestion’s head of
Civitas Capital Group has strengthened its sales team with the promotion of two existing members of staff and the addition of two new hires. Irene Shen has been promoted to director, sales and investor relations. In her new role, Shen is responsible for expanding Civitas' presence in the alternative investment space in Asia, as well as coordinating the development of new products in the region. Shen has been with Civitas since August 2011.   Manuel Ortiz has been promoted to head of EB-5 sales and investor relations. In his new role, Ortiz is responsible for developing and managing global investor
The Russia-China Investment Fund (RCIF), established by the Russian Direct Investment Fund (RDIF) and the China Investment Corporation (CIC), has sold a portion of its stake and played a significant role in the initial public offering (IPO) of Detsky Mir, a children’s goods retailer in Russia. This IPO is the first exit from an investment for RCIF.   RCIF supported the company’s growth leading up to the IPO and contributed to enlarging its shareholder base. RDIF also attracted its international partners to the transaction, including leading Middle Eastern, European, Asian and US investment funds.   As a result of the
Offshore law firm Mourant Ozannes has advised China CITIC Bank Corporation and The Export-Import Bank of China on facilities with a total commitment of around USD2.63 billion for a consortium led by Apex Technology, PAG and Legend Capital Management. The facilities support the consortium's acquisition of Lexmark International, a US-incorporated printer and software manufacturer.   Lexmark was acquired in an all-cash transaction with an enterprise value of approximately USD4 billion. The acquisition closed in November 2016 and is the second largest outbound acquisition in the technology sector ever completed by a Chinese investor and the third largest US public takeover
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

Special Reports

Featured

Events

16 May, 2024 – 8:30 am

Directory Listings