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Private markets firm StepStone Group has named six new partners in four of its offices around the world.
Monte Brem, Chief Executive Officer of StepStone, says, “We are delighted to recognise these extremely talented colleagues, who have been instrumental to StepStone’s growth and success. We are committed to supporting our firm’s collegial culture and the professional development of our employees, and we are proud to welcome our latest Partner group.”
Ian Aaker (La Jolla) joined StepStone in 2008 and is a member of the private equity team, focusing on US-based middle, large, and global buyouts.
Rebecca Ajavananda (New
By Olivia Munro, Eze Castle Integration – All too often we hear from firms before a IT and cybersecurity audit asking what they can do to make the audit process go as smoothly as possible. Fortunately, there are steps you can take to ensure a stress-free audit. In this two-part blog series, we will help you create a checklist to prepare for your audit and also remediate the findings post-audit.
1 Notify internal and external partners that an audit is happening.
Your team and partners should be prepared to act quickly to remediate the findings or provide any documentation the auditors
By Mary Beth Hamilton, Eze Castle Integration – As 17 April (US) and 30 April (Canada) near, cyber scammers are pulling out all their tax scams to trick consumers and capitalise on the flurry of activity. Our friends over at Proofpoint say that this time of year, [they have] tracked malware distribution in addition to the customary phishing schemes among the email threats related to federal taxes.
The IRS is also urging people to remember that “the IRS doesn’t initiate contact with taxpayers by email, text messages or social media channels to request personal or financial information. In addition, IRS
Albion Capital has closed its 2017/2018 VCT top up offers after successfully raising the GBP32 million targeted amount. The offers, which launched on 6 September 2017, are fully subscribed across the five Albion VCTs participating in the fundraising.
Albion Capital will now focus on investing the money raised in technology-driven, high growth companies, with a particular emphasis on its sector specialisms in digital healthcare, automation, digital security and data analytics.
Albion has expanded its presence in the technology sector significantly in recent years, with notable investments including Black Swan Data (predictive analytics), Egress (data privacy and communication platform), Panaseer
Law firm Seyfarth Shaw has appointed Steven R Meier as chair of the firm’s Corporate department.
Since 2014, Meier has served as co-chair of Seyfarth’s Tax practice and chair of its Chicago Corporate group. With more than 100 lawyers across the country, Seyfarth’s Corporate department serves a diverse client base, ranging from start-up ventures to middle market companies to large multinational corporations, and covering industries including real estate, banking & finance, health care, manufacturing, public/private partnerships, technology, and telecommunications.
A partner in the Chicago office and veteran deal lawyer, Meier has broad experience leading US domestic and cross-border corporate
Station 12 Asset Management, a specialist venture capital investor in media, entertainment and knowledge, is to raise GBP60m in two funds – one aimed at institutional investors and the other at the private EIS/SEIS sector.
Station 12, which was founded just over three years ago, has already built a successful track record with investments such as Parade, the TV distributor and Nocturne, the live events operator.
Founder and Managing Partner, Patrick Bradley, says: ‘We now have an exciting, well balanced initial portfolio with a strong pipeline of new investment opportunities ranging from early to growth stages.
‘The UK is
MyCheck, a provider of payment solutions for hotels and restaurants, has been acquired by Eyal Ofer’s OG Tech Ventures, the tech investment arm of his international conglomerate, Ofer Global group.
Ofer Global Group’s business interests include real estate and hotels, cruise and maritime shipping, oil and gas, technology and banking.
“This acquisition will support the tremendous contribution MyCheck is making to the global hospitality industry, primarily in mobile payment engagement,” says Eyal Ofer, chairman of Ofer Global. “MyCheck is fast becoming a disruptor in hospitality through its mobile payment technology and the seamless guest experiences that it creates. With
New State Capital Partners has closed its second institutional investment fund, New State Capital Partners Fund II, with USD255 million in committed capital. The Fund exceeded its target and closed at its hard cap and New State now has in excess of USD800 million AUM as a result.
New State focuses on providing flexible capital in buy-and-build situations. With Fund II, New State can invest more than USD50 million in equity per transaction. New State seeks to invest in five to seven platforms with Fund II, and will further build its platforms organically and via add-on acquisitions. The firm targets
KAP Group is aiming to help both emerging and established private equity fund managers communicate effectively with institutional investors with the launch of the KAP Private Equity Boot Camps educational programme.
The first Boot Camp module, Sell Your Story, will include six highly interactive webinars, delivered over three months, designed to help private equity managers sell their vision, create compelling marketing materials, evaluate alternative capital structures, learn how to cultivate successful long-term relationships, and more. Participants will also have exclusive access to accomplished industry leaders throughout the module.
Included in the registration are one hour of consulting time with
EmergeVest, an international private equity investor, has acquired UK logistics group CM Downton (Haulage Contractors) Limited (Downton) in a GBP75 million transaction.
EmergeVest has acquired the entire shareholding from the Downton family and will provide additional capital to finance the Company’s growth. The Downton family will continue to serve in their respective roles as senior management of the Company. Investec Bank plc supported EmergeVest’s acquisition of the Company with an integrated debt package.
This investment marks EmergeVest’s seventh acquisition in the UK logistics sector since being formed in 2013. EmergeVest’s current UK portfolio includes Adjuno, Allport Cargo Services, NFT
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