PE Tech Report

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The use of structured external financing continues to rise, driven by greater awareness across private equity firms on the strategic use of these purpose-driven facilities, according to research by Investec Fund Finance. Investec’s survey reveals that over three-quarters (78 per cent) of GPs use or would consider using a capital call facility.   The firm’s annual GP Trends report, now in its seventh year, captures the views of 76 senior private equity professionals in the UK, Europe, Australia, and US with approximately USD60.7 billion in total commitments under management.   Simon Hamilton, global head of Investec Fund Finance, says: “Private
Mid-market advisory firm Clearwater International completed a record breaking 106 deals worth over EUR9 billion in 2016 – a deal value increase of over 120 per cent from 2015. Average deal values also nearly doubled during the period.   In a year where the business completed mergers with firms in both France and Germany, all territories, sectors and service lines experienced exceptional levels of M&A activity.   For the third year running, the industrials and chemicals team was the most active in deal completions including the merger of X-label with RAKO and Baumgaten – a cross border deal which created
ChargePoint Technology, a manufacturer of high containment and sterile transfer valves, has secured a multi-million-pound investment from private equity firm LDC. The investment by LDC, supporting managing director Chris Eccles and sales director Tony O’Sullivan in a buyout, will see LDC become a minority shareholder.   The business, which is headquartered in Speke, Liverpool, manufactures and supplies high-performance containment and sterile transfer valves to the largest global pharmaceutical, bio-pharmaceutical and chemicals companies. Operating across Europe, Asia and North America, its patented technology is used in the development and manufacture of medicines and vaccines by the top 50 global pharmaceutical manufacturers,
Invest Europe has appointed Marc Nahum as director of membership, a new role created to deepen engagement with the private equity association’s 650 members and connect with fund managers and investors across Europe. Nahum brings over 15 years of experience in private equity fundraising and investor relations, having previously worked for Actis, DB Private Equity, The Carlyle Group and Credit Suisse.   “Invest Europe provides an invaluable range of services for our members and this new senior role will deepen our engagement with fund managers and investors across the continent,” says Invest Europe chief executive Michael Collins. “Marc’s significant industry
Private equity fund manager and Enterprise Investment Scheme (EIS) and venture capital trust (VCT) specialist Calculus Capital has invested GBP3 million in Origin Broadband, a provider of internet and phone services. Since launch in 2011, Origin has developed its own infrastructure and now has the sixth largest broadband network in the UK based on premises passed.   The investment by Calculus will allow Origin to hire new staff and will be primarily used to expand its sales team to develop new business across the UK.   John Glencross, chief executive of Calculus Capital, says: “The continuing migration of UK households to
Influencer marketing platform Buzzoole has raised USD830,000 through a convertible note funding, led by international venture fund Impulse VC with co-investment from Swiss technology venture firm R301 Capital. The investment has potential to double within 18 months (up to USD1.6 million) and draw further investors.   Buzzoole’s proprietary, big data-based algorithm works to connect brands to the right influencers. It has almost 200,000 influencers on its platform, defined by criteria beyond follower count. The platform’s international influencer base provides brands with a way to start conversations, reach new audiences and boost their promotional campaigns.   Founded in 2013 in Naples,
Scott Graves has joined Ares Management as a partner in the firm’s private equity group based in Los Angeles. Graves will lead the Ares Special Situations Funds platform as portfolio manager and head of distressed.   His primary responsibilities will include overseeing investments within the special situations strategy and expanding Ares’ distressed capabilities across the firm. Additionally, Graves will serve as a member of the Ares’ Special Situations and ACOF Investment Committees.   “We have had the pleasure of knowing Scott professionally and personally for the better part of 20 years. Scott has exceptional experience in investing, leading teams and
Melissa Waller, AIF Institute
Alternative Investments Forum (AIF) has appointed veteran institutional investor Melissa Waller as president of its newly formed AIF Institute.  The AIF Institute is the branch of AIF dedicated to educating institutional asset owners about the use of alternative investments such as private equity, private credit, hedge funds, real estate and real assets to achieve their portfolio objectives.    Waller (pictured) joins AIF following her service as deputy treasurer and chief of staff for the North Carolina Department of State Treasurer, where she oversaw strategic planning, operations, policy implementation and a staff of more than 400 employees. The North Carolina Retirement Systems,
George Farrah, Bloomberg BNA
Bloomberg BNA has released a new tax management portfolio that focuses on tax considerations for structuring estate planning transactions with carried interests in hedge funds and private equity funds. The portfolio, Wealth Planning with Hedge Fund and Private Equity Fund Interests and Related Section 2701 Issues, was written by attorneys Todd Angkatavanich, David A Stein and Andrew Haave of Withers Bergman.   The amount of capital under management by private equity and hedge fund managers continues to increase dramatically and, under the current US transfer tax regime, that wealth can be subject to significant taxation either at death or when otherwise
Seedrs, the investment platform backed by Neil Woodford, saw more than GBP85 million invested into campaigns on the platform and 159 deals funded in 2016. The British fintech company has been live for four-and-a-half years and recently surpassed GBP190 million invested into campaigns with more than 450 deals funded since its launch.   October marked the platform’s biggest ever month with almost GBP20 million invested into campaigns, GBP4.35 million of which was invested into employee and customer engagement provider, Perkbox, becoming Seedrs’ biggest fundraise since launch.   In the same month almost 3,000 Seedrs investors backed peer-to-peer travel money platform,

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