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Assetz Capital’s first ever rate rise saw investors add around GBP10 million to their Access Accounts in the first month.
The peer-to-peer business lender moved target interest rates for the Quick Access Account and 30-Day Access Account from 3.75 per cent to 4.10 per cent and from 4.25 per cent to 5.10 per cent respectively. The rate increase was announced on 16th May 2018 but was effective from 1 May 2018.
The increase in investment was across both ISA-wrapped and non-ISA accounts and has helped the ISA approach GBP50 million of investment in its first six months since launch.
Stuart
Platinum Equity is to sell Worldwide Flight Services (WFS) to affiliates of Cerberus Capital Management, in a transaction valued at approximately EUR1.2 billion. The sale is expected to close during Q4 2018, subject to regulatory approval and certain closing conditions.
Since Platinum Equity acquired the company in 2015, WFS has grown significantly, both organically and through a transformative add-on acquisition, and is now the world’s largest air cargo handler and one of the world’s leading providers of ground handling and technical services, with annual revenues of more than EUR1.2 billion.
“Through a combination of growth and operational initiatives, WFS
North Shore InnoVentures (NSIV) has appointed Chris Ilsley to CEO and President. Ilsley joins as the non-profit technology business sector incubator organisation reaches the 10-year mark, capping a year of growth and expansion.
Ilsley spent a career driving innovation and entrepreneurship in areas ranging from biotech and cleantech to big data and has previously connected the New England region with the United Kingdom as the Head of Science and Innovation with the office of the British Consulate-General in Boston.
“Innovation is something this whole region excels at, it’s not just about Kendall Square and Boston. The talent pool is all
Micrima, a Bristol-based breast imaging company, has raised GBP4.4 million in additional equity funding led by Technology Venture Partners, The Angel CoFund(ACF), and Venture Founders – plus a group of returning and new individual investors – bringing the total amount raised to GBP10.7 million.
Roy Johnson, Micrima’s Executive Chairman, says: “I am very happy to announce the completion of our latest funding round, which provides us with the capital we need to move our initial MARIA product into full commercial launch and follow this swiftly with the enhanced functionality that the system is capable of achieving. The market has been prepared over the past
Private equity firm Grain Management has appointed Edith Cooper and Virgis Colbert as Senior Advisors.
“Edith is an exceptional executive and brings more than 20 years of experience from Goldman Sachs with particular competence in human capital development. Her wealth of experience and excellent judgement will help Grain extend the winning culture we are building,” says David Grain, Founder and CEO of Grain Management. “We look forward to expanding our team with the benefits of her knowledge and expertise.”
At Goldman Sachs, Cooper served as the Global Head of Human Capital Management and oversaw the recruitment, development and well-being
UK private equity firm Maven Capital Partners (Maven) has strengthened its Midlands team with the appointment of senior investment specialists Chris Rogers, Richard Altoft and Graham Hall.
Based in Birmingham, Rogers has responsibility for new MEIF investments and will work closely with investee companies throughout Worcestershire. Rogers joins Maven after a 22-year career in commercial banking with RBS, as a Senior Relationship Manager, providing structural guidance and financial analysis to SMEs.
Working across Greater Lincolnshire, Altoft has joined Maven following a long career in banking, most recently as Corporate Manager at Handelsbanken, where he was responsible for building relationships
Ironwood Capital has made a subordinated debt and minority equity investment in Consulting Solutions International (CSI), headquartered in Tallahassee, Florida.
The company is a leading provider of contract consultants for information technology (IT) and staff augmentation for commercial customers.
“CSI serves a growing base of blue chip customers,” says Ironwood Capital President and Chief Investment Officer Carolyn Galiette. “We’re impressed with the CSI management team’s successful history of acquiring and integrating similar IT staffing and consulting businesses.”
Ironwood Capital Managing Director Alex Levental, says: “The focus on acquisitions has created continual cross-selling opportunities, fuelling CSI’s bottom-line growth while
Middle-market investment bank Harris Williams & Co has acted as exclusive advisor to Visma Sverige Holding AB (Visma) on its divestment of market-leading mass hosting providers Loopia and Active 24 to Axcel Management A/S (Axcel).
The transaction was led by Thierry Monjauze and Sylvain Noblet of Harris Williams & Co’s Technology, Media & Telecom (TMT) Group and Krishna Patel of the firm’s London office.
Loopia and Active 24 offer web domains, shared web hosting and value-added services such as security, e-commerce and Microsoft Office 365. The products are sold online on a prepaid subscription basis to around 350,000 SME
Private equity veteran Thomas S Roberts, formerly Managing Partner at Summit Partners, has founded Equality Asset Management, a next-generation firm focused on making long-term investments in durable technology, healthcare, and tech-enabled growth companies.
Equality plans to implement an innovative fee structure that reflects the current return environment and more closely aligns General Partner and Limited Partner interests.
Prior to establishing Equality, Mr. Roberts served in a wide variety of roles at Summit, including Managing Director and Managing Partner, Executive Committee Member, Investment Committee Member, and Operating Committee Member. He also created and led Summit’s Portfolio Performance Group, co-founded Summit’s Credit
Numan Siddiqi, an attorney with more than two decades of experience handling complex transactions involving both public and private companies, has joined BakerHostetler as a partner in its Business Group, based in Costa Mesa. Siddiqi was previously a partner at Brown Rudnick LLP.
Siddiqi’s practice consists of general corporate representations, including public and private securities offerings of debt and equity, mergers and acquisitions, finance, and ongoing counseling. Much of his work focuses on emerging companies in the life sciences, software and semiconductor sectors.
“We’re thrilled to add Numan and his broad capabilities to the team here in Costa Mesa,”
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