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King & Spalding has appointed Thomas (Ted) E Keim, Jr as a partner in the firm’s Corporate, Finance and Investments practice group in Chicago.
Keim will focus on mergers and acquisitions, and corporate representation for the firm’s public and private company, and private equity clients.
“Ted is the consummate team player with experience across a diverse range of industries, including pharmaceuticals/life sciences, manufacturing/industrials, and automotive, making him the ideal cornerstone for the transactional practice in the Midwest,” says Todd Holleman, head of the firm’s Corporate, Finance and Investments practice group. “Adding depth to our corporate bench is a key part
KOGER, a financial services technology company, has updated its private equity administration platform to manage the entire investor process, including automation of the distribution waterfall.
“We have found that many asset managers are still using spreadsheets for complex functions such as calculation of the waterfall. Investors are looking for transparency and accuracy is critical for fund managers. Our technology streamlines these processes and provides private equity CFOs with greater operational efficiency,” says Ras Sipko, KOGER chief operating officer.
KOGER’s platform handles comprehensive PE processes, from customer relationship management to investor allocations and automation of the waterfall, as well as
Noerr has assisted Bayer AG with the sale of further crop science businesses worth up to EUR1.7 billion to BASF. Teams from Noerr’s Digital Business and Corporate/M&A practice groups advised the group on the sale of its global digital farming division.
The overall package also includes the worldwide vegetable seed business and certain seed treatment agents. In return for selling its digital farming division, Bayer will receive a grant-back licence for certain digital farming applications. The overall turnover of the divisions in 2017 was EUR745 million.
With this transaction, which also includes the transfer of around 2,500 employees, approximately
Oxx, a growth capital firm investing in B2B software companies, has completed the first close of its debut fund, Oxx I, with a total of USD100 million in funds under management so far.
Oxx was launched in January 2017 after Richard Anton and Mikael Johnsson left Amadeus Capital to co-found the business. Oxx I has reached its first close target with backing from a range of significant institutions, family offices and HNWs, including British Business Investments, the commercial arm of the British Business Bank, which is the largest single investor.
Notable individuals backing the fund include Amadeus Capital co-founder
StorageOS has closed a USD8 million Series A funding round, led by existing investor Bain Capital Ventures with participation from new investors: MMC Ventures in the UK, where StorageOS R&D is located, and 645 Ventures in New York, StorageOS’ new US headquarters.
StorageOS will use the investment to expand product development and drive global sales.
Unlike other solutions on the market that lack portability and flexibility, StorageOS delivers storage directly to the application and not to the infrastructure. This gives developers a unique and efficient way to operate that improves performance and decreases time to market for applications.
SVPGlobal, a global investment firm focused on distressed and deep-value opportunities, has held the final closing of Strategic Value Special Situations Fund IV (SVSS IV) at its hard cap of USD2.85 billion, including USD350 million of reserved capacity for a ‘fund of one’ relationship.
SVSS IV received significant demand beyond its hard cap and closed well above the Fund’s USD2.1 billion original target, with support from a diverse and global base of both existing and new investors. The Fund also exceeded the size of its predecessor, SVSS III, which closed in November 2014 on a total of USD1.56 billion, including USD250 million reserved capacity for a ‘fund-of-one’.
SVSS IV
Vine Acquisitions Limited, backed by Patron Capital and May Capital, has acquired The Laine Pub Company (Laine), in partnership with the Laine management team.
Laine will continue to be run by its existing management team, led by co-founder Gavin George. Gavin led a management buyout of Laine backed by Graphite Enterprise Trust (now ICG Enterprise Trust) and Risk Capital Partners in 2014, and this transaction sees both these investors exit completely.
Laine is one of the leading independent, vertically integrated managed pub companies in the South East of England. With origins dating back to the opening of the iconic Mash
Alcentra, the alternative fixed income specialist for BNY Mellon Investment Management (IM), has held the final close of Clareant Structured Credit Opportunities Fund III at USD513 million, surpassing its fundraising target of USD300 million.
This fundraising brings assets under management for Alcentra’s structured credit platform to over USD4.5 billion across a combination of open and closed end funds and separately managed accounts, and firm AUM to USD37.4 billion.
The Fund’s objective is to generate attractive absolute and risk-adjusted returns through opportunistic investing in structured credit debt and equity securities in the US and Europe. The Fund’s investors include leading
Neuberger Berman has moved into the broader specialty finance industry with the formation of Neuberger Berman Specialty Finance group (NBSF). The firm manages USD299 billion in assets, of which USD60 billion is alternative investments for institutions and individuals.
NBSF seeks to identify assets within the consumer, small business, and bridge loan segments in order to build short duration, income producing credit portfolios for its clients. The group will partner with high-quality originators who have strong underwriting and servicing capabilities. Utilising the latest financial technology, NBSF will strive to create diversified portfolios with robust risk protection. The group will leverage
Signal Capital Partners (Signal), a London-based private asset management firm, has appointed Sarbjit Nahal as its Chief Strategist.
Nahal joins Signal from Bank of America (BofA) Merrill Lynch where he headed the thematic investing strategy team within its global research department, based in London and New York. He was also a member of BofA Merrill Lynch’s Global Wealth & Investment Management impact investing core council.
Prior to joining BofA Merrill Lynch in 2010, he was Head of Thematic Investing at Société Générale and Crédit-Mutuel-CIC, and held positions at Vigeo, the International Council on Human Rights Policy, and Pensions Investment Research
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