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Lawyers from Carey Olsen in Guernsey and Jersey have advised Silverfleet Capital on the sale of Ipes, a leading provider of fund administration and other outsourced services in the private equity sector, to Apex Group.
Silverfleet Capital, a pan-European private equity firm, has owned Ipes since acquiring it from RJD Partners in 2013. Since then, Ipes has achieved strong organic growth and has strengthened its pan-European footprint by more than doubling both number of clients and staff. Headquartered in Guernsey, Ipes now has 265 staff across five European offices. It works with 195 clients and provides administration and depositary oversight
Global fintech firm InvestCloud Inc has announced the acquisition of London-based rplan Limited for USD20 million.
rplan is a provider of client engagement technology in the UK to support bespoke investment propositions for web and mobile. Its client base includes some of the largest institutional asset managers in the world, including four of the top eight in the UK.
The firm writes that rplan has had significant success enabling asset managers to digitize their existing retail clients and catapult the development of their digital strategy to support multi-channel distribution.
The acquisition will see rplan’s capabilities made available to
Claroty, a specialist in cybersecurity for industrial control networks, has secured USD60 million in Series B funding from a prominent syndicate of investors, including industrial operators and control system vendors, bringing the company’s total investment to date to USD93 million.
The round was led by Temasek and included Rockwell Automation, Aster Capital (Sponsored by Schneider Electric), Next47 (Siemens-backed global venture firm), Envision Ventures, and Tekfen Ventures. Original Claroty investors Bessemer Venture Partners, Team8, Innovation Endeavors, and ICV all participated in the round.
Founded in 2014 and exiting stealth mode in late 2016, this investment comes on the heels of
Financial services and regulatory partner Arun Srivastava is to join the London office of law firm Paul Hastings from Baker McKenzie, where he is head of the Financial Services Regulatory Group.
Srivastava will lead Paul Hastings’ London regulatory and fintech and payments practice.
“Arun is one of the leading financial regulatory lawyers in London and will enhance our capabilities across our finance, fintech and payments, funds and transactional practices,” says Seth Zachary, chair of Paul Hastings. “It is central to our growth strategy in London that we attract the finest lawyers in their specialisms, and Arun’s practice and pedigree
Gresham House, a specialist alternatives asset manager, has appointed Heather Fleming to the newly created role of Head of Institutional Business.
Fleming has over 20 years’ experience in the institutional arena, largely focussed on working with pension funds. She spent over seven years at Fidelity International, latterly as the Group’s Head of Institutional Distribution for UK & Ireland. Prior to this, she spent eight years at Capital International where she was responsible for client relationships in the UK, Denmark, and Iceland. Fleming’s career has also included roles at Danish investment manager, BankInvest, and NatWest Investment Management/Gartmore.
Fleming has an in-depth understanding of institutional investor requirements and boasts a strong network of pension funds, including local authority and corporate schemes, and global investment consultants.
At Gresham House,
Cryptocurrency initial coin offerings (ICOs) will become a significant fundraising route for companies seeking growth capital in the next five years, coming to represent over 10 per cent of all capital raised in the UK, according to results of a new survey by the law firm Collyer Bristow.
Over half (57 per cent) of respondents, comprising investment managers, fintech entrepreneurs and business owners, believe that start-ups will turn to ICOs in increasing numbers as they look for alternatives to more traditional capital raising methods like private equity and venture capital.
They anticipate that at least 10 per cent of
Basingstoke-based Southern Communications is targeting further acquisitions in the telecoms and digital sectors following an increase in existing debt facilities from a syndicate led by Santander Corporate & Commercial, alongside HSBC and Aviva Investors (Aviva).
Southern Communications traces its roots to 1965 as a telecoms service provider and has, over the past 50 years, grown into one of the UK’s leading B2B telecoms and data service providers. It now offers a broad suite of market-leading voice and data products to almost 8,000 SME clients. The firm has successfully completed 13 acquisitions since 2013, which together with strong organic growth has
Ropes & Gray’s lawyers have announced or closed transactions totalling more than USD20 billion on four continents in two weeks. The milestone demonstrates the firm’s exceptional international reach on significant transactions, including across Asia, Latin America and Europe.
“From London and Tokyo, to Hong Kong and into Latin America, our cross-practice teams have reached milestones in headline-making, highly complex, private equity-backed transactions involving big global names: Bain Capital, Toshiba, Alibaba, Advent International, Walmart and more,” says Will Shields, co-chair of Ropes & Gray’s global private equity practice.
“Our results reaffirm that our practice excels in handling an array of
LDC, the UK’s leading mid-market private equity investor, has exited its investment in PEI Media Group (PEI Media) in a sale to Bridgepoint Development Capital.
The deal value has not been undisclosed.
PEI Media provides market-leading intelligence and analysis for senior professionals in the alternative asset classes of private equity, real estate, infrastructure, private debt and other emerging specialisms such as agri-investors. Its product suite includes globally recognised print and online publications, specialist sector research databases and events.
Since LDC backed the management buyout of PEI Media in 2015, the business has significantly invested in the development of
Mid-market private equity firm Bowmark Capital has backed the buy-out of The Instant Group, a specialist in independent flexible workspace solutions.
Founded in 1999, Instant provides alternative methods of office procurement and management, with specific focus on flexible workspace and medium-term lease solutions, employing 250 people in 11 cities around the world.
Its market leading digital platform for flexible office procurement and innovative ’managed office’ solutions allow clients to rethink workspace as an enabler of transformation and growth rather than just as an overhead.
Instant has delivered compound annual revenue growth of 30 per cent over the past
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