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FOS Capital Partners, a private equity investment firm specialising in healthcare technology companies throughout North America, has appointed Raymond Wu as vice president.
Wu and the investment team manage the Future of Surgery Fund, a partnership dedicated to fund highly innovative medical and surgical technology opportunities.
The fund is led by a team with deep experience in the medical and surgical device industry and has served in key executive roles within engineering, medical and scientific environments. This expertise unearths important growth segments among independent med tech and health IT segments, which are experiencing high levels of innovation and entrepreneurial
- 20/07/2016
Bloomberg has held the close of a second USD75 million fund with venture capital firm Bloomberg Beta.
The new fund, which will focus on the future of work, will build on Bloomberg Beta's specialty in machine intelligence.
Bloomberg has made significant investments in technology, systems and applications, employing 4,000 technologists and engineers who build and support a platform that moves markets around the world.
Bloomberg Beta expands on those investments by investing in companies that make business work better.
The announcement comes three years after the formation of Bloomberg Beta's first fund. Since that time, Bloomberg Beta's
- 20/07/2016
Operations technology startup Predictive has acquired 2338 Technologies, an early-stage, privately-backed startup developing machine learning technologies.
The purchase price has not been disclosed.
2338’s technology will now power PredictiveOps, a SaaS application that is aiming to transform language in hedge fund documents and regulatory filings into useable data for operations planning and automation.
As part of the transaction, 2338’s founder and CEO Carl P Evans III has agreed to join Predictive as co-founder, chief product officer, and corporate counsel. Evans brings over 15 years of software, hardware, robotics, machine learning development, and technology management experience to Predictive.
- 20/07/2016
- 20/07/2016
Three Hills Capital Partners (THCP) is to sell its stake and its debt position in Dedalus Holding, owner of Dedalus Spa.
Dedalus is a provider of healthcare software systems in Italy and has recently announced the acquisition of Noemalife to create the largest software operator in the Italian healthcare sector, and one of the largest players in Europe.
Following the signing of the agreement, Ardian will acquire 60 per cent of Dedalus Holding, including 10.41 per cent from Dedalus’ founder Giorgio Moretti, 14 per cent from HC Leo (30 per cent owned by THCP and 70 per cent by
- 19/07/2016
- 19/07/2016
NorthEdge Capital, a private equity firm focused on the North of England, has backed the management buyout of home furnishings group Belfield Furnishings.
Founded in 2002, Belfield is the UK’s largest white label manufacturer of home furnishings and one of Europe’s largest manufacturers specialising in the wholesale and distribution of products including upholstered furniture, soft furnishings, mattresses and curtains.
The company, which is headquartered in Ilkeston, Derbyshire, works with a range of blue chip, high street retailers including M&S, Next, Ikea, John Lewis and Furniture Village. Belfield reported turnover of GBP132 million in the 12 months to December 2015.
- 19/07/2016
- 19/07/2016
Private equity firm Mid Europa Partners has appointed Thierry Baudon, its founder and managing partner, as executive chairman.
Robert Knorr and Matthew Strassberg will take over as co-managing partners on 1 August 2016.
As executive chairman, Baudon will continue to chair Mid Europa’s investment committee and focus on the firm’s medium term strategic development.
With their appointment as co-managing partners, Knorr and Strassberg will assume overall management responsibility for the business and steer Mid Europa’s investment strategy. Knorr and Strassberg joined Mid Europa in 1999 and 2002, respectively. They have served on the firm’s investment and management committees for a
- 19/07/2016
Hermes Investment Management’s infrastructure team has acquired a 25.6 per cent stake in Energy Assets Group on behalf of clients in consortium with investment funds managed by Alinda Capital Partners.
The Alinda funds acquired the remaining 74.4 per cent stake in Energy Assets. Prior to this Energy Assets shares were listed on the main London Stock Exchange.
Headquartered in Livingston, Scotland, Energy Assets is the largest independent provider of industrial and commercial gas metering services in the UK (by number of meters owned and managed) and is a major provider of multi-utility network metering and data services. As at March
- 19/07/2016
The European Securities and Markets Authority (ESMA) has published its advice regarding the Alternative Investment Fund Managers Directive (AIFMD) passport to non-EU AIFMs and AIFs in 12 countries.
Currently, non-EU AIFMs and AIFs must comply with each EU country’s national regime when they market funds in that country.
ESMA’s advice relates to the possible extension of the passport, which is presently only available to EU entities, to non-EU AIFMs and AIFs so that they could market and manage funds throughout the EU.
For each country, ESMA assessed whether there were significant obstacles regarding investor protection, competition, market disruption
- 19/07/2016
Santander InnoVentures, the London based fintech venture capital fund of Santander Group, has secured a further USD100 million in funding from the group’s balance sheet.
Launched in 2014, the fund is now set to deploy a total of USD 200 million (up from the USD100 million originally allocated) in minority stakes in financial technology start-ups.
This new commitment highlights Santander’s goal of remaining at the forefront of innovation in the financial services industry, and builds on the bank’s ‘Fintech 2.0’ philosophy of collaboration and partnership with small and start-up companies.
Ana Botín, group executive chairman of Banco Santander,
- 19/07/2016
Maven Capital Partners and NVM Private Equity have made a joint GBP5 million investment in Rockar, a technology-based motor retailer.
The investment, which is split equally between Maven and NVM, will enable Rockar to partner with more major automotive manufacturers following its initial success with Hyundai, launch more digital stores in high footfall shopping centres and continue to develop its technology platform.
Rockar was established in 2012 with the aim of revolutionising the car buying experience. The result is a disruptive new retail proposition where customers have access to all the services of a traditional dealership online, or at
- 19/07/2016
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