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Wellspring Capital Management (Wellspring) has closed Wellspring Capital Partners VI with capital commitments totalling the hard cap of USD1.415 billion.
The 2011 Wellspring Capital Partners V LP was fully invested at USD1.2 billion and has generated positive returns for its investors to-date.
Fund VI brings the firm’s assets under management to more than USD4.4 billion. Limited partners include leading pension funds, endowments, fund of funds and family offices from the US, Europe and Asia.
Fund VI will continue to pursue Wellspring’s investment objective to acquire or invest in middle-market companies that are well-positioned to capitalise on change and can
Clearlake Capital Group has acquired Perforce Software (Perforce), a developer of a scalable and secure version control and collaboration platform, from growth equity investor Summit Partners.
The Company will continue to be led by Janet Dryer, CEO, and Mark Ties, COO, who will both join the Board of Directors alongside Clearlake. Financial terms were not disclosed.
Perforce is a leading provider of enterprise scale software solutions to technology developers and development operations (“DevOps”) teams requiring productivity, visibility and scale during all phases of the development lifecycle. Enterprises across the globe rely on its agile project management, developer collaboration, version
Octopus Investments is to utilise the GBP80 million over allotment facility in its current fundraise for the UK’s largest VCT, Octopus Titan VCT, after investor demand took the total fundraising amount to record-breaking levels.
Octopus Titan VCT rapidly reached its initial target of GBP120 million within just four months and is now offering an additional GBP80 million of fundraising capacity to meet investor demand ahead of tax year end. The target of GBP200 million will be the largest ever fundraise by a VCT and, once fully subscribed, would increase the total fund size to over GBP600 million.
Octopus Titan
Sheprd – The On-Demand School Bus – has secured USD1 million in venture capital funding from InMotion Ventures, Jaguar Land Rover’s venture capital arm.
In addition to funding, the relationship includes providing Sheprd, on a non-exclusive basis, with a fleet of Land Rover SUV vehicles.
“With this funding, Sheprd can expand its service to meet customer demand and further develop our proprietary technology platform to improve the transportation experience for families,” says Nick Jasset, CEO and founder of Sheprd. “The investment by InMotion Ventures further validates the positive feedback we continue to receive from parents; Sheprd’s service provides a desperately
Mid-market private equity investor Equistone Partners Europe (Equistone) has appointed Edward Baker as an Investment Manager in its London office, with immediate effect.
Baker joins Equistone from lower-mid-market private equity firm MML Capital Partners, where he worked in its London office for four years. During his time at the firm, Baker was responsible for originating and executing both controlling and non-controlling investments into private UK businesses across a diverse range of sectors, as well as for portfolio management. Prior to this, Baker spent six years at KPMG, latterly as a Manager in the company’s Transaction Services division, where he was
Offshore law firm Carey Olsen has appointed Chris Griffin as a partner in the firm’s Jersey office.
Griffin, who joined Carey Olsen as a senior associate in 2011 before being promoted to counsel in 2016, is a member of the Jersey corporate team and advises on all aspects of corporate transactions, including the legal and regulatory aspects of fund launches and other bespoke investment structures.
He has played a key role in developing the firm’s digital assets practice and, most recently, led the team advising ARC Fiduciary Limited on its Initial Coin Offering (ICO), working closely with the Jersey
Winston & Strawn LLP has strengthened its presence in the Middle East with the recent expansion of the firm’s office in the Dubai International Financial Centre (DIFC).
The larger footprint is a result of Winston’s focused growth in the region, having grown over fourfold in attorney and staff headcount since the office opening in April 2016.
The development of the Dubai office reflects Winston’s objective to establish its presence in high-growth markets, including the Middle East. The firm’s newly expanded office in the DIFC was designed and built in six months with added space for attorneys, client interactions, and
Tikehau Capital is one of France’s best-known and experienced investment management groups. For many years, Tikehau has pioneered the approach to private debt investing in Europe. With a team of over 25 professionals, it has built a private debt platform that structures a variety of financing deals, ranging anywhere between EUR10 million and EUR300 million, for European corporates in need of alternative sources of financing.
Currently, Tikehau has EUR12.6 billion of assets under management. This includes EUR2.3 billion in direct lending (European direct lending + corporate direct lending to French SMEs through the Novi 1 and Novo 2 funds) and
A new FinTech platform from the Federation of Small Businesses (FSB) is aiming to help the UK’s small business and self-employed communities access finance opportunities.
Developed by Finpoint, the platform uses intelligent matching technology to match applicants with finance providers. A pilot of the platform for FSB members in three UK regions shows that the average amount of finance a small business applies for from an alternative finance provider is GBP39,000 – half the amount sought from banks – ‘traditional finance’.
Access to finance is crucial to the small business sector which accounts for an annual turnover of GBP1.9
Premium bar and restaurant, The Alchemist, has secured an additional GBP16 million finance package from existing debt funders, Santander, to support its continued growth plans across the UK.
The new capital from Santander will be invested into the continued innovation of the brand, rejuvenating existing sites and the acquisition of new locations. The Alchemist recently opened a purpose-built venue at MediaCityUK, a new regional site in Oxford and has since confirmed openings in Nottingham, Bristol and Cardiff for the year ahead.
Established in 2010, The Alchemist has 12 venues across the UK and employs over 700 team members. The
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