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Amadeus Capital Partners has made a growth capital investment in Igenomix, an in-vitro fertilization (IVF) genetic testing company based in Valencia, Spain. Igenomix’s main customers are providers of fertility treatments across the world. Its genetic services encompass all phases of fertility treatment, through preconception, pre-implantation and pre-natal, providing tests that help parents to increase their chances of having a healthy baby by screening embryos for chromosome and single gene disorders.   Igenomix tested over 30,000 embryos in 2015 in its six laboratories in Valencia, Miami, Los Angeles, New Delhi, São Paulo and Dubai and has a team of over 140
James Williams, Hedgeweek
Four words spring to mind when discussing the evolution of The Bahamas as a leading international financial jurisdiction: regulation, location, expertise and innovation.  Collectively, they provide a multi-layered value proposition that is helping The Bahamas cement a reputation for not only committing to a regulatory framework that embraces and, indeed, reflects international best practices, but which encourages tangible innovation. In other words, The Bahamas is a jurisdiction that gets things done, rather than just talking about it.  One only has to see the incredible success of the SMART funds series to appreciate this. First introduced in 2003, there are now
The Scottish Loan Fund (SLF) and Maven have exited their investment in Cumbernauld-based Spaceright Europe, a manufacturer and supplier of furniture, presentation products, toys and activity equipment for the education sector. Spaceright’s range of products is used in nurseries, schools and universities throughout the UK.   Since its original investment in May 2014, SLF has provided GBP2.2 million of funding to the business, initially backing the acquisition of Educational Technology as well as supporting product development for the enlarged business. In 2015, SLF further supported Spaceright in the acquisition of Millhouse Manufacturing Design, a designer and manufacturer of a complementary
The expanded StepStone Infrastructure and Real Assets Group (SIRA) is now fully integrated into private markets asset management and advisory firm StepStone Group and is actively conducting business for the company’s clients. In May, StepStone announced that KPMG’s infrastructure and real assets investment advisory team would join StepStone. SIRA’s more than 20 professionals, led by James O’Leary, former head of the KPMG team and Colonial First State’s infrastructure and real assets platform, operate out of Sydney, Perth, Toronto, London, La Jolla and New York.   Monte Brem, chief executive officer of StepStone, says: “We are pleased at how quickly and
The Food Revolution Group is to sell its New Zealand-based business and bioactive intellectual property and lease its LangTech Citrus (LTC) assets to Singaporean company Gravity Solutions Global (GSG), in a deal worth more than AUD17 million over 10 years. FOD chief executive Bill Nikolovski says the deal will allow the company to focus on commercialising its range of consumer products and growing its market share in Australia and internationally.   “This will significantly reduce our expenditure on further research and development of ingredients and technologies. The sale of the bioactives and ingredient intellectual property will give us value for
Ogier Marc Lenaers
Marc Lenaers has been promoted to managing associate in Ogier’s Luxembourg office. Lenaers advises global clients and investment managers on a wide range of regulated and unregulated investment vehicles, including mutual funds, hedge funds, private equity, real estate and debt funds. He is in charge of setting up and restructuring Luxembourg investment funds tailored to the clients’ needs.   Prior to joining Ogier, Lenaers was head of legal fund engineering in a major bank and senior associate in a Luxembourg law firm, where he was in charge of the investment funds practice of the New York representative office.   Luxembourg
Risk Capital Partners, the private equity firm chaired by Luke Johnson, has sold its majority stake in Cruise.co, the company which owns the UK’s largest online cruise holiday website Cruise.co.uk, to Bridgepoint Development Capital for GBP52 million. Cruise.co.uk is the largest site in the UK for cruise reviews and cruise related questions and answers and publishes unique content and consolidates comparison tables of onboard facilities. The site also has direct access to every cruise line’s live inventory and pricing, providing users with real-time live availability. In addition, Cruise.co hosts the largest cruise forum community attracting 17 million visits per annum
Partners Group is to acquire global IT support services provider Systems Maintenance Services (SMS) on behalf of its clients. SMS is being sold by funds affiliated with Thomas H Lee Partners (THL) and Summit Partners.   The terms of the transaction, which is subject to regulatory approval, have not been disclosed.   Founded in 1981, US-based SMS is headquartered in Charlotte, North Carolina, and provides IT infrastructure services to a client base of more than 3,000 businesses. SMS offers third-party maintenance services in conjunction with a full suite of IT system support services. SMS has over 900 engineers on its
NorthEdge Capital has invested an undisclosed eight-figure sum for a significant majority stake in Abbey Logistics Group, to support an MBO led by chief executive Steve Granite. The Liverpool-headquartered logistics provider specialises in the transportation of bulk food products in liquid and powder tankers across the UK and Northern Europe. The investment represents NorthEdge’s fourth deal this year and is the second investment from the recently raised GBP300 million Fund II.   Abbey Logistics was set up more than 25 years ago by the Lucy family, specialising initially in the liquid food ingredients transportation market, with more recent diversification into
Family-owned Kids Planet, a North-West based children’s nurseries group, has secured a GBP10 million investment to continue the roll-out its day care centres across the region. The group plans to open five nurseries in the next two years, creating 150 new jobs and providing nursery care and education to an additional 550 children.   Founded in 2008 by chairman John Hoban and his daughter chief executive Clare Roberts, Kids Planet now owns and manages 17 nurseries. Hoban’s other daughter Lucy Kaczmarska joined in 2013 as director of early years.    The group provides nursery care and education to around 1,700 children

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