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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
Framework, a solutions vendor for private equity firms, has made senior hires in its client and product teams to meet demand for its enterprise investment accounting data management solutions.
The company appointed Product and Development managers in 2017 and they are now joined by Graham Aitken as Head of Client Engagement. The expertise he brings from investment operations and technology will further enhance Framework’s ability to deliver innovative solutions to meet the investment accounting data management challenges faced by Asset Servicers, Investment Managers and Institutional Investors in the Private Equity sector.
Launched in 2000, Framework provides enterprise investment accounting
Peer-to-peer lender Lending Works has passed GBP100 million in terms of money lent, cementing its position as one of the biggest UK platforms of its type.
The milestone comes just over four years after Lending Works was first launched and a year after it broke through the GBP50 million mark. Some 20,000 customers – over 16,000 borrowers and nearly 4,000 lenders – have used the platform to date and every penny of capital and expected returns has been delivered to lenders on time.
CEO Nick Harding says the company’s growth has reached a new level in the past 12
Maven Capital Partners (Maven) has been appointed to manage the GBP27 million North East Development Capital Fund (NEDCF), which will provide equity, debt and mezzanine funding of between GBP400,000 and GBP2 million to established businesses.
The NEDCF forms part of the GBP120 million North East Fund investment programme, which will invest exclusively across the seven local enterprise partnerships (LEPs) of Northumberland, North Tyneside, Newcastle, South Tyneside, Gateshead, Sunderland and Durham, and has the potential to support 600 businesses and create 3,500 jobs across the region.
The NEDCF will provide growth capital to support ambitious small and medium sized enterprises
Nano-C, a developer of nanostructured carbon for energy and electronics applications, has completed a USD11.5 million round of funding, with a final tranche of USD3 million in the form of an equity investment from Ray Stata.
Stata is a co-founder and current chairman of Analog Devices, a designer and manufacturer of analog, mixed signal and DSP integrated circuits with over USD5 billion in revenue.
Nearly every industry today is looking to leverage new materials to drive the next wave of innovative products from electronics and solar power to medical devices, automotive and more. Building on technology conceived at MIT, Nano-C’s
Unigestion has launched Unigestion Global Choice VII, a global small and mid-market investment programme, and a continuation of the ‘Unicapital Global’ and ‘Euro Choice’ series of funds.
Unigestion Global Choice VII is seeking EUR300 million to build a portfolio of around 30 specialist buyout, growth capital and selectively special situations funds in Europe, North America and Asia-Pacific.
In line with Unigestion’s conviction-driven investment style, the private equity team will continue to seek areas of growth, spot attractive investment themes and focus exclusively on managers with proven industrial and strategic transformation skills. Several fund investments have already been pre-selected for
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