PE Tech Report

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Elm Creek Partners has acquired Liberty Paper Products, a Phoenix, Arizona-based specialty converter and distributor of thermal paper. Liberty Paper Products provides customised solutions to its customers across a variety of end markets, including restaurants, point-of-sale, and gaming. Management believes that Liberty's best-in-class customer service and flexible manufacturing capabilities will serve as a strong platform for growth.   Mike Rapier, Liberty's founder and CEO, is staying with the company in his current role. Rapier rolled a portion of his sale proceeds into the new venture.   Elm Creek partnered with Henrikson & Graul Capital Partners (HGCP) to fund the acquisition.
Maples Fund Services James Perry
Maples Fund Services has appointed James Perry as head of institutional investor solutions, effective immediately. In this role, Perry will be responsible for further shaping the firm’s offerings and enhancing its service delivery to institutional investors.   Perry brings more than 20 years of investment management experience, the past 10 serving in senior investment roles overseeing portfolios of public assets in California and Texas.   Previously he served as chief investment officer of the Dallas Police and Fire Pension System.
Leading global investment firms have committed to continue investing in the UK’s tech sector saying that London will remain an important destination for investment despite the vote to leave the European Union. Venture capital houses such as Index Ventures, Octopus Ventures, Balderton Capital and Hoxton Ventures are among a wider group of investment firms to pledge their continued support for the UK’s tech sector, with many citing London as an important hub for future growth.   In the first six months of 2016 British companies attracted USD1.3 billion in venture capital funding, matching the USD1.3 billion raised in the same
Hamilton Lane Advisors has held the final closing of Hamilton Lane Private Equity Fund IX, a global and diversified private equity fund-of-funds. Originally targeting USD400 million, the fund received strong interest from the institutional investor community, exceeding its target to close on USD516 million.   “We are thankful for the support of a diverse group of both new and existing Hamilton Lane investors from across the globe, including public pension funds, Taft-Hartley pension plans, endowments, foundations and other institutions,” says Jackie Rantanen, managing director and co-head of the product management group at Hamilton Lane. “Leveraging our global platform and resources,
Digitech Venture Capital Fund, Central Texas Angel Network (CTAN) and a number of angel investors have provided seed funding to Renovate Simply, an Austin-based technology start-up. Renovate Simply helps homeowners budget their renovation projects and connect them with trusted contractors by answering a few questions online.   After years of renovating homes, founder Will Mitchell was frustrated by the amount of time he spent reviewing and clarifying bids from contractors. Existing websites promising to connect homeowners to contractors were unable to detail a project’s estimated cost. Renovate Simply was created to provide a hassle-free way for homeowners to both set
Unigestion Eric Cockshutt
Hedge fund and private equity managers are split on whether considering environmental, social and governance (ESG) is beneficial to their businesses, according to a survey by boutique asset manager Unigestion. The survey suggests ESG is growing in importance for hedge funds with 53 per cent of managers saying they currently have ‘no interest’ compared with 60 per cent who 12 months ago said they were ‘reluctant’ to consider ESG as part of their strategies. In addition, some 30 per cent of hedge fund managers surveyed are now actively incorporating ESG into their strategies.   Whilst there were a number of
Kandou Bus has secured a USD15 million investment from Bessemer Venture Partners to expand research and accelerate the development and deployment of the firm’s Chord signalling SerDes technology. Kandou has developed Chord signalling for enhanced communications between chips inside electronic systems ranging from cell phones to servers and high performance computing.   "We see Chord signalling as a game changer in semiconductors," says Bessemer venture capitalist Felda Hardymon. "The demand for higher performance and lower power consumption in computing systems necessitates fundamental changes in semiconductor interconnect solutions. Kandou's technology comes at a time when existing chip link technologies are failing.
Citco Michael Peterson
The Citco Group of Companies has launched Citco Capital Solutions, a capital advisory service that will focus on arranging debt and equity capital for sponsors and investors in alternative investment vehicles. Citco Capital Solutions is led by managing director Michael Peterson (pictured), and Shiraz Allidina has also joined the firm as a director.    Leveraging Citco’s experience and broad relationships across the global alternative investment space, Citco Capital Solutions provides a full suite of capital advisory services, including arrangement of subscription lines, project finance and warehouse lines, as well as joint-venture, preferred and co-invest equity.    Peterson says: “Citco has
Business Growth Fund (BGF), the UK’s most active investor of growth capital, has appointed Diana Noble to the board of the company. Noble has extensive background in private equity, venture capital and international development and is currently chief executive of CDC, the UK’s development finance institution managing net assets of GBP3.4 billion.   Established in 1948, CDC provides investment capital to fund growth in ambitious and promising businesses throughout Africa and South Asia.    Noble was a partner at Schroder Ventures (now Permira) for 12 years, founder CEO of e-Ventures and founder managing director of Reed Elsevier Ventures.   She
IP Cleaning (IPC), a portfolio company of environmental investment-focused private equity firm Ambienta, is to acquire Vaclensa Ltd, an independent distributor of professional cleaning machines in the UK. Vaclensa employs around 100 people including a network of engineers spread across the country providing high-value after-sales services to blue chip clients, and other innovative cleaning solutions. Vaclensa is the key distribution partner for IPC in the region, and IPC is the key supplier to the company.   With a business model based largely on recurring revenues and room for expanding its customer base in the UK, Vaclensa can further strengthen the

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