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By George Ralph, RFA – As a technologist, it’s apparent to me that the road to success lies with digitisation, but it can be hard to bring a traditional industry into the digital age. The alternative investment industry is one which is still heavily reliant on tried and tested and partially manual processes throughout the front and back office. However, I think we’ve reached a tipping point whereby not digitising, or using technology to best effect is actually harming profits, and increasing the levels of risk that a firm is exposed to.
From a simple improving efficiency perspective, technology can
Pace, a London startup that uses machine learning and dynamic pricing to maximise hotels’ revenues and occupancy, has secured a GBP2.5 million seed investment led by InterGlobe, with participation from Seedcamp, Speedinvest and Amadeus Capital Partners.
Managing hotel occupancy and room prices has been a long-running challenge for the hotel industry. During the low season, average occupancy can fall as low as 62 per cent in many markets, while at other times, demand far exceed hotel capacity. This imbalance in supply and demand costs the industry up to USD100 billion every year, as inventory is wasted and hotels fail to
LBO France is to acquire Crouzet, a specialist in customised switches, electric actuators and automated systems for critical applications, from InnoVista Sensors, a company owned by PAI Partners, The Carlyle Group and Schneider Electric.
The transaction has already received a favourable opinion from the relevant works council and remains subject to customary regulatory approvals. The transaction is expected to close by early 2018.
Founded in 1921 and today comprising approximately 1,200 employees, the Company serves diversified end-markets, including aerospace and industry, transportation, energy & infrastructure and other industries, through 3 principal production sites (France, Morocco and China). In 2016,
Investec Growth & Acquisition Finance (GAF) has provided a funding package to support the merger of Troika Talent Agents and James Grant Group (‘JGG’), a provider of management and professional services to the sports, music and entertainment sectors.
The GAF team previously supported the management buyout of JGG in 2014 by Metric Capital, a pan-European private capital fund manager that invests alongside management teams to support their strategic growth plans.
The deal with Troika was JGG’s fourth transaction of 2017. GAF has previously supported the activity with Deckstar, 10 Management and Top Marque Sports during the year.
London-based
Nexus Technologies (NexusTek) has completed its recapitalisation by Abry Partners. Drake Star Partners acted as the exclusive financial advisor to NexusTek on the transaction.
Founded in 1996, NexusTek is an award-winning provider of managed IT services across the client lifecycle. NexusTek delivers Cloud solutions, Managed IT Services, and Application Consulting to more than 1,200 small and midsize businesses based in Denver, Arizona and across the Front Range. Utilising a customer-centric approach, NexusTek recommends the best technology to meet current and future needs, implements the recommended solution, and manages the ongoing operation of those systems.
Prior to the transaction, NexusTek
Allianz Global Investors (AllianzGI) and Allianz Capital Partners (ACP) are joining forces to extend the range of investment expertise available to AllianzGI’s broad global client base.
From 1 January 2018, ACP will become a discrete entity under the umbrella of AllianzGI. ACP and AllianzGI will jointly develop an investment offering for external clients, based on ACP’s long-proven expertise and investment processes. ACP will continue to provide their offering to Allianz Group companies and their clients. Jürgen Gerke, CEO of ACP, will report to Andreas Utermann (pictured), CEO of AllianzGI.
Utermann says: “We are delighted to be extending our client
Back in Motion Physical Therapy (Back in Motion), owned by GPB Capital affiliate Alliance Physical Therapy Partners, has acquired Results Physical Therapy, adding two additional locations in central Maine.
Alliance PT acquired a majority ownership stake in Back in Motion in May 2017, and after only a few months of working with the team of experienced professionals at Alliance PT, has grown to the point where it can provide high-quality care to more patients by acquiring and integrating other businesses.
“The impressive growth that Back in Motion has achieved, in such a short period of time, is a testament
F2i has held the first closing of its third fund with EUR3.14 billion in capital commitments. The amount is expected to increase, in early 2018, to EUR 3.3 billion, the maximum amount allowed under the fund’s own rules.
The fund, with a 12 year duration, inherited (through a merger) the assets of F2i’s First Fund. The merger allows the Third Fund to begin its activities with an established infrastructure portfolio covering airports, natural-gas networks, renewable energy, solar and integrated water operators.
Bank Foundations and Pension Funds, which have invested in F2i since its inception, were among the largest supporters
Northern Trust has hired Edwin Chan (pictured), to spearhead sales across the alternatives fund sectors in Europe, Middle East and Africa (EMEA).
Reporting to John Grundy, institutional sales manager for Northern Trust’s Corporate & Institutional Services (C&IS) business in EMEA, Chan will focus on further accelerating the growth of specialist alternative asset servicing capabilities across private equity, real estate, infrastructure, renewable energy and debt funds.
“We are delighted to announce Chan’s appointment as we continue to expand our capabilities and our leadership in our alternatives business, which supports over USD1 trillion in assets on behalf of global asset managers
CORE Industrial Partners (CORE), an industrials-focused private equity firm based in Chicago, has acquired Prototek Sheetmetal Fabrication (Prototek). Financial terms of the transaction have not been disclosed.
Founded in 1987, Prototek is a leading rapid prototyping service provider of CNC machined and sheet metal fabricated parts and components. The Company serves a diverse customer base across a variety of end markets such as aerospace, defence, medical, robotics, electronics, consumer, and general industrial. Prototek’s in-house manufacturing capabilities, including CNC machining, sheet metal fabrication, powder coating, chromating, anodising, silk screening and assembly, enable industry-leading turnaround times, including same day quoting, manufacturing and
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