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Macfarlanes has advised venture capital investor Dawn Capital on the raising of its third fund, Dawn III, which after increasing its hard cap twice, attracted commitments of GBP165 million, making it one of the largest venture capital funds raised in Europe in the last couple of years.
The fund which focuses on early-stage investment in fintech and Software as a Service (SaaS) businesses secured investments from UK, European and US institutional investors and notably the European Investment Fund (EIF).
The Macfarlanes team for this matter was led by investment management partner Stephen Robinson with assistance from solicitor Sweta Tandle.
CVC Credit Partners and the EQT Credit platform’s European Private Debt businesses have jointly arranged GBP218 million of senior and subordinated financing for Paymentsense.
This is the second round of financing agreed by CVC Credit Partners and EQT Credit to Paymentsense, following the GBP110 million unitranche facility provided in November 2016.
As Europe’s largest merchant services provider, Paymentsense specialises in providing fast, affordable and reliable card processing services to over 65,000 small and medium-sized businesses processing GBP7 billion of transactions per annum. The Company’s proprietary technology platform allows it to deliver industry leading service levels to its rapidly growing
Mobius Motors, a Kenya-based designer and manufacturer of durable, affordable vehicles for Africa, has successfully closed an equity and debt funding round led by Pan-African Investment Company, with participation from Playfair Capital, Techstars, Chandaria Industries and VestedWorld.
The debt financing is being provided by the Overseas Private Investment Corporation, the development finance institution of the United States. The financing will be used to launch Mobius Motors’ new production facility in Nairobi as well as accelerate its growth strategy.
Mobius Motors was conceived to provide locally-designed and manufactured cars for the African mass market. At present, the majority of automotive
Zencap Asset Management is about to launch its third senior infrastructure debt Fund after the success of the first two funds; Zencap Infra Debt, launched in 2014, and Zencap Infra Debt 2, launched in 2016.
The first two funds gathered together more than EUR500 million in capital commitments from institutional investors mainly belonging to the insurance sector.
The new Fund will follow the investment strategy of the first two funds devoted to senior financing of European infrastructure with a first closing target of EUR200 million. This vehicle will provide access to Natixis Real Asset Debt platform, dedicated to infrastructure
European workforce management solutions provider PIXID, has acquired Carerix, a Dutch-based CRM and ATS supplier.
Adding a leading supplier for CRM and ATS systems to its ranks allows PIXID to reinforce its expertise, enhance its service offering and strengthen the value chain offered to the temporary employment sector.
The purchase also means PIXID can now add a presence in Benelux to its existing offices in France, in the UK (since its acquisition of The Internet Corporation in 2017) and its operations in Germany.
A complete online software solution for recruitment and staffing agencies, Carerix is currently helping more than
Investcorp has sold Veco Precision (Veco) to Gilde Buy Out Partners and the company’s existing management team.
Veco is being carved out and sold by its parent company SPGPrints Group, a provider of integrated solutions for rotary screen and digital printing for textiles and industrial applications, acquired by Investcorp in July 2014. Veco, founded in 1934, manufactures high-precision metal components for a broad range of applications and is based in Eerbeek, The Netherlands and employs approximately 350 full time employees. The Company serves over 1,500 customers across approximately 85 countries worldwide from its sites in The Netherlands, United Kingdom, Germany and
ASGARD Partners & Co (ASGARD) has appointed Andi Como as a managing director in the firm’s Capital Markets group.
Como, who will be based in New York, will focus on providing customised solutions to clients for acquisition finance, growth capital, and balance sheet recapitalisations.
Como has extensive experience in capital raising, relationship management, trading and portfolio management. He joins from the hedge fund coverage group at RBC Capital Markets, where he directed lending decisions to hedge funds and developed bespoke financing solutions to meet the sophisticated investment objectives of clients. Como was also responsible for managing RBC’s relationships with over 200
Point, a financial technology platform that allows homeowners to unlock home equity wealth without taking on new debt, has agreed a forward flow purchase program with investment firm Atalaya Capital Management to purchase up to USD150 million of Point’s structured home equity investment instruments.
“We’re thrilled with our progress at Point this past year, proving out the platform and bolstering a housing finance product that fundamentally aligns homeowners with investors,” says Eddie Lim, co-founder and chief executive officer, Point. “The partnership with Atalaya allows us to bring our product to many more homeowners and otherwise enhances our operating platform. With
The performance of venture capital managers ticked up in the third quarter of 2017, emerging from the second quarter when a slow exit environment and mixed IPO performance dented returns, according to figures published today by Cambridge Associates.
The Cambridge Associates LLC US Venture Capital Index returned 3.2 per cent in Q3 2017 – up from the 1.4 per cent posted in Q2. But, even with this strengthening performance, the US Venture Capital Index underperformed the Russell 2000 and S&P 500, as well as a third comparable public market index: the Nasdaq, which tracks tech stocks and returned 6.1 per
The remaining nine unlisted portfolio companies in Nordic Capital Fund VII (Nordic Capital VII), with a transaction value of EUR2.5 billion, have been transferred to a continuation vehicle, Nordic Capital CV1.
The transaction is aimed at maximising the value creation potential of these companies by providing them with active support and fresh capital over a five-year investment period.
Coller Capital acted as lead investor in the transaction, which was fully underwritten by Coller Capital’s seventh fund and Goldman Sachs Asset Management’s Vintage Funds.
“Coller Capital’s long relationship with Nordic Capital and in-depth knowledge of the portfolio companies meant
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