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NRT Technology Corp (NRT) has acquired the assets of privately held OfferCraft, a software company that uses artificial intelligence and gamification to drive loyalty, engagement and revenue. Terms of the agreement are not disclosed.
The deal will allow NRT to integrate OfferCraft’s patent-pending solutions into its existing kiosk, mobile, table games and cashless payment product lines, while also expanding into entirely new areas across nearly every digital channel.
OfferCraft’s artificial intelligence software allows offers, coupons and rewards to be distributed digitally across email, SMS, websites, social media, kiosks, the Point of Sale, signage, and more. Unlike traditional marketing content,
Prestige Funds’ Luxembourg-domiciled direct lending fund, Commercial Finance Opportunities (CFO), has passed USD100 million in assets under management.
The fund draws on the expertise of a large commercial direct lending team composed of almost 100 personnel. They are part of Nucleus Commercial Finance, a specialist provider of finance which is based in London and focuses on secured lending to small and medium enterprises mainly in the UK.
Nucleus, part-owned by Prestige, lends to SMEs all over the UK, including companies active in construction, manufacturing, engineering and specialist service-based industries such as recruitment and IT.
Consequently, the fund’s returns derive
The value of regulated funds being administered in Jersey rose to a record level of almost GBP300 billion at the end of 2017 driven primarily by a rise in private equity business.
That’s according to the latest figures to be collated by the Jersey Financial Services Commission (JFSC) and published by Jersey Finance.
In the final quarter of 2017, the total net asset value of regulated funds being serviced through Jersey rose by 10 per cent over the quarter and by 12 per cent year-on-year to stand at GBP291.1 billion (as at 31 December 2017), the highest value ever
Mayfair based private equity firm IW Capital has just completed its latest deal with Elevation Financial Group (EFG) – an acquisitive independent financial advisory firm which has to date completed nine acquisitions in the Birmingham to London corridor.
The financing represents IWC’s first senior convertible loan facility, offering investors either a redemption premium option or the right to convert a bullet amount to a minority equity stake at maturity.
EFG says the loan will enable it to continue with its successful programme of acquisitions pinpointing quality IFA firms in the South East and Midlands.
IW Capital adopts a
Private equity firm New Water Capital has made an investment in Pegasus Foods, a contract manufacturer of frozen appetisers and snacks.
Specialising in high-quality, difficult to produce products, Pegasus is a primary contract manufacturer for several consumer packaged goods and retail grocery companies, as well as quick service restaurants. New Water Capital, providing growth capital to Pegasus, will partner with the existing Pegasus team to support the company’s recent expansion into a second manufacturing plant, a 135,000-square-foot, state-of-the-art facility in Rockwall, Texas.
Founded in 1998, family-owned Pegasus Foods produces frozen snacks and other products for several prominent customers, including
Archangels, an Edinburgh-based business angel syndicate, and the Scottish Investment Bank, the investment arm of Scotland’s enterprise agencies, have completed a GBP2 million funding round for Bio-Images Drug Delivery Limited (BDD).
The company is looking to scale it business based around its OralogiK precision timed drug delivery system, which enables the oral delivery of single, multi-dose or combination drugs at pre-determined times between one and 12 hours after being swallowed by the patient.
OralogiK’s performance has been validated in multiple clinical studies and BDD believes it offers tremendous opportunities, including: night time dosing of a drug to be delivered
Inflexion has completed the buyout of Chambers and Partners (Chambers), a provider of legal rankings.
Founded in 1990, Chambers ranks over 80,000 lawyers and law firms by practice area in almost 200 jurisdictions. The rankings are relied upon by corporates when selecting their legal advisers and by law firms and individual lawyers to support their business marketing activities. The specialised research and analysis that Chambers undertakes is recognised for its methodological rigour and is trusted by the legal profession globally.
The business is well placed to benefit from the continuing growth of the legal services market and rising business
Breed Reply, an active operational investor in early-stage Internet of Things (IoT) businesses, has invested in France-based METRON and TAG Sensors, a Norwegian company.
The two companies raised a total of GBP3.75 million from Breed Reply and other investors. These new investments mean Breed Reply’s pan-European investment portfolio of early stage IoT businesses has increased to 20 in a variety of different sectors, including health, industrial IoT, smart buildings and cities, and transportation.
METRON increases Breed Reply’s focus on industrial IoT technology. Energy is a significant cost in many industries and METRON’s technology provides industrial clients with an intelligent
Noerr has advised Ensono in its acquisition of Wipro’s hosted data centre services business for USD405 million, which sees eight data centres, and nearly 900 employees, transition to Ensono.
The acquisition significantly expands Ensono’s geographic footprint and global service capabilities.
Ensono and Wipro have also signed a long-term partnership agreement to jointly address hybrid IT requirements of Wipro’s new and existing enterprise customers. As part of the agreement, Wipro will make a strategic investment of USD55 million in Ensono.
Ensono, a portfolio company of Charlesbank Capital Partners and M/C Partners, provides hybrid IT services, from cloud to mainframe,
Digital Reasoning, a specialist in artificial intelligence (AI) that understands human intentions and behaviours, has raised USD30 million in a new funding round led by BNP Paribas.
Angel Rodriguez-Issa, Global Head of Strategic Investments, Global Markets at BNP Paribas, has joined Digital Reasoning’s board of directors.
Barclays and Square Capital also joined the round, as well as previous investors Goldman Sachs, Nasdaq, Lemhi Ventures, HCA, and the Partnership Fund for New York City.
“Global financial institutions are turning to AI to help drive digital transformation in order to improve revenues and efficiencies,” says Brett Jackson, CEO of Digital
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