PE Tech Report

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Glen Froio, ACA Technology Solutions
ACA Technology Solutions, a provider of investment management and regulatory technology solutions, has released ComplianceAlpha, a cloud-based platform designed to assist chief compliance officers with managing their compliance programme tasks and activities. ComplianceAlpha is designed to help compliance teams automate processes and manage their day-to-day activities.   A secure cloud-based application organised by functional modules, ComplianceAlpha allows a CCO to meet the firm’s business needs from virtually anywhere.   This release includes the Compliance Management Platform and Marketing Review Solution modules. These modules, offered together or on a standalone basis, integrate risk assessment and regulatory requirements; compliance controls, policies, calendars,
Firelight Capital Partners has launched a “first of its kind” investment firm model, which provides companies with private equity-based investment and operations expertise along with brand and marketing oversight and resources. The company was started by former senior private equity partners from well-known private equity firms, together with the founders of creative agency YARD.   Firelight offers capital and capabilities in infrastructure-building and omni-channel investment strategy, including wholesale, e-commerce and retail, as well as brand and marketing strategies. Firelight is dedicated to unlocking growth and cultural resonance in lower-middle market consumer-branded companies across a range of retail categories, including apparel and
Orrick Rambaud Martel has appointed M&A and private equity adviser Guillaume Kessler as a partner in Paris. Kessler joins Orrick from Olswang where he served as managing partner of the Paris office and head of the Paris corporate group.   "We are delighted to continue to grow our French corporate practice with a practitioner of Guillaume’s calibre," says Saam Golshani, head of Orrick’s French M&A and private equity group. "He is a recognised player in the French market, with particularly deep ties to the technology sector and a go-to source for the private equity market. We’ve worked across the table
San Francisco Equity Partners (SFEP), a private equity firm focused on expansion-stage companies in the consumer industry, has acquired a majority stake in organic spices and seasonings company Red Monkey Foods. SFEP will partner with founder and CEO Jeff Brinkhoff and his team to capitalise on the strong momentum in the business.   Red Monkey Foods is a provider of premium organic spices, seasonings and other natural dry food products. Operating out of a facility in Springfield, Missouri, the company manages gourmet store brand programmes for many of the nation’s largest food, mass and specialty retailers. The company has a
Inflexion has supported two bolt-on acquisitions through its investee businesses Reed & Mackay and CableCom. Reed & Mackay has expanded its US presence acquiring the Chicago based Gray’s Travel Management. Reed & Mackay is a corporate travel management company delivering a personalised service through cutting edge technology.   The acquisition enables Reed & Mackay’s clients to benefit from an enhanced service offering through extended global reach, enhanced buying power and deeper local market knowledge.   Mark Williams, partner, Inflexion, says: “We are delighted to complete our first acquisition for Reed & Mackay within six months of our investment. This builds
BayWa r.e. has sold the St Fraigne wind farm, 140 kilometres north of Bordeaux, to FPCI Capenergie 3 fund managed by Omnes Capital. This follows the sale of the 8 MW St Congard wind farm to Omnes Capital in August 2016.   The wind farm with a total output of 12 MW consists of 6 Enercon wind turbines of type E82 with a hub height of 108 metres. In 2013, the wind turbines were equipped with "trailing edge serrations". The comb-like rotor blade add-ons provide a significant reduction in sound emissions.   Since its commissioning in 2011, BayWa r.e. has
The International Valuation Standards Council (IVSC) has launched IVS 2017, which will serve as the key guidance for valuation professionals globally. The guidance aims to underpin consistency, transparency and confidence in valuations, which are key to investment decisions as well as financial reporting.   The launch is the latest step in IVSC’s mission to raise standards of international valuation practice as a core part of the financial system, for the benefit of capital markets and the public interest.   The standards have been created following an extensive consultation process from April to October 2016. More than 100 official comment letters
Adveq, an asset manager focused on investing in private equity globally, has reached USD 7 billion assets under management as of 11 January 2017. Adveq enjoyed a successful 2016 driven by strong investment performance and increased investor demand for the firm’s specialised primary, secondary and direct/co-investment offerings.   2016 saw the closing of five funds and the successful completion of 20 direct/co-investment deals globally.   Sven Lidén, managing director and CEO, says: “Adveq has achieved this milestone by being consistent, focusing on fundamental and responsible value creation. We carefully listen to and learn from our investors, understanding their needs and
Software company Neurala has closed a USD14 million series A funding round led by Pelion Ventures. The funding round included participation from Sherpa Capital, Motorola Ventures, 360 Capital Partners, Draper Associates Investments, and Idinvest Partners through its Electranova Capital II Fund and in partnership with Ecomobility Ventures.   Draper Associates also provided the seed funding.   “The Neurala Brain works more like the human brain than any other deep learning neural network solution out there,” says Massimiliano Versace, co-founder and CEO of Neurala. “The rigors and demands of building bio-inspired brainpower for space exploration are now benefitting the most exciting
DPD in Russia and SPSR Express, two of the biggest companies in the Russian express and courier market, are to merge. Upon closing of the transaction, which is subject to approval by the Russian Federal Antimonopoly Service, the merged company will become the largest express operator in the country.   GeoPost will become the majority owner of the post-merger business, Elbrus Capital will have a significant minority stake with the balance owned by the management team.   Nikolay Voinov will become the CEO of the merged company. Vladimir Solodkin will chair the company’s board of directors and its strategic committee.

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