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Growth for outsourcing specialists alldayPA and The Call Centre Group, contact centres for the SME industry, has put the Isher Capital portfolio of contact centre businesses on track to reach its ambitious growth plans, as its turnover swells beyond the GBP30 million milestone.
The Call Centre Group has reported 20 per cent growth over the past twelve months. alldayPA has also reported a successful year with 10 per cent growth, driven by increasing demand from small businesses for outsourced call centre, telephone answering and live chat management.
Isher Capital, which backs both businesses, is aiming to increase its revenue from UK contact
Progressio has completed the sale of Industrie Chimiche Forestali SpA (ICF) to EPS Equita PEP SPAC (EPS).
ICF is a prominent player in adhesives for the footwear, automotive and flexible packaging sectors, with approximately EUR80 million in turnover and a commercial presence in over 70 countries. Founded in 1918, the company turns 100 this year. Since inception ICF has maintained a strong international presence, which was further strengthened by its entry into automotive and flexible packaging adhesives and the special fabrics sector.
The buyer is EPS, a special purpose acquisition company (SPAC), promoted by Equita and Private Equity Partners, and is listed on AIM Italia – Alternative Capital Market. With this acquisition
Hedge fund and private equity administrator, JP Fund Administration (Cayman) Ltd, has grown its Assets Under Administration (AUA) to more than USD5 billion, bringing the JP Integra group total AUA to more than USD6 billion.
Dave van Duynhoven (pictured), head of fund services at JP Integra, says: “2017 was a year of investment in systems and processes to enable us to handle the growing demand for our Cayman based administration services. We passed USD6 billion AUA for the first time and we are excited by prospects in 2018, especially in private equity and investment funds for Family Offices and HNWIs.
Xenikos, a clinical-stage biopharmaceutical company currently developing a novel therapy for treating acute graft-versus-host disease (aGVHD), has secured USD30 million in a Series B financing round.
Two new investors in the company – Medicxi Ventures and RA Capital Management – participated in the financing round. The funds will be used to advance the development of Xenikos’ lead compound, T-Guard, including conducting clinical Phase 3 registration trials in the US and EU, arranging commercial-scale production, and submitting the relevant applications for market approval. In connection with this financing, Dr Jon Edwards of Medicxi and Dr Jake Simson of RA Capital will
Law firm CMS is acting for main market listed ITE Group (ITE) on its proposed GBP300 million acquisition of Ascential’s Exhibitions Business.
The consideration for the acquisition (including estimated costs) is intended to be funded through a GBP315 million rights issue, which has been fully underwritten on a standby basis by Investec Bank plc. ITE is also seeking to increase its debt facilities by GBP50 million with a view to reducing the amount required to be raised by the rights issue to GBP265 million. It is expected that the rights issue will also be underwritten by Numis Securities Limited in due course.
The Gemini Companies (Gemini) has appointed Brian Privor as Chief Regulatory Officer. In this new role, Privor will help ensure that both Gemini and its fund clients’ operations are optimally equipped to comply with rules set by the US Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), National Futures Association (NFA), and other industry regulators.
Privor’s 20 years of professional experience is deeply rooted in asset management and securities regulation, including seven years as Senior Counsel in the SEC’s Asset Management Unit in the Division of Enforcement, and the past year serving on the US Senate Judiciary
Investec Emerging Companies, part of Investec Corporate and Institutional Bank, is launching a fund, INVC, to invest in UK scale-up companies in the fintech and enterprise software sectors.
The fund has a target size of up to USD100 million, and will fill a gap that currently exists between seed and Series A funding rounds. Investec will be the cornerstone investor, accounting for approximately 15 per cent of the fund, with the majority provided by institutional investors and remainder by a small number of private investors.
Three investments already held by Investec Emerging Companies – fintech companies Monese, Curve and
TECHNEDs has made a strategic investment in Measure My Energy that will utilise the investment firm’s expertise and planning in the field of emerging technologies.
Together, TECHNEDs and Measure My Energy will explore new commercial strategies to disrupt the manner in which businesses can understand their utilities expenditure.
“We are very excited to have Measure My Energy as part of the TECHNEDs family. The field of energy monitoring presents significant opportunities for companies like Measure My Energy to enhance their focus on innovation and bring emerging technologies to market.” says Simon Mewett, CEO, TECHNEDs. “We also believe that by
Investcorp has established a platform to enter the highly fragmented German dental sector.
As its initial investment, Investcorp has acquired Privatzahnarztklinik Schloss Schellenstein GmbH (PSS), one of the leading centres for implantology and dental surgery, which attracts both domestic and international patients and is based in North Rhine-Westphalia, Germany. PSS employs around 40 people including dentists, dental nurses and technicians and is led by Professor Dr. Fouad Khoury. The deal follows Investcorp’s recent acquisition of Acura Kliniken, a licensed hospital in Albstadt, Germany.
Following the acquisition of PSS, the platform intends to make further investments in the highly-fragmented German
Inverness Graham, a private investment firm based in suburban Philadelphia, has sold Spirion LLC, a provider of enterprise data management security software, to the Riverside Company.
Spirion helps customers reduce their sensitive data footprint and minimise risks of cyber-attacks. Spirion’s customers include leading firms in the financial services, retail, healthcare, education, and public sectors. Inverness Graham acquired Spirion in December 2014.
“We are very pleased with the team’s accomplishments at Spirion during our three-year hold,” says Trey Sykes, Managing Principal of Inverness Graham. “The company was able to accelerate growth by both expanding their product capabilities and successfully penetrating strategically targeted,
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