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REYL & Cie (REYL), the banking arm of REYL Group, has made an investment alongside Social Impact Finance in the Series B funding round of Aspiration, an online banking company based in Los Angeles.
In doing so, it will join the likes of Allen & Company, Omidyar Network, Capricorn Investments, Joseph Sanberg and other leading investors in the technology space. For REYL, this reflects a concrete and designed entry into the digital banking and fintech segments as a first step to building an innovative digital banking strategy in the coming months and years.
Founded in 2015, Aspiration offers banking,
LakePharma, a US biologics company specialising in antibody and protein engineering, cell line development and protein production, has raised USD30 million in growth financing led by global growth equity investor Summit Partners with participation from existing investor Ampersand Capital Partners.
The funding will be used to enhance LakePharma’s existing service offering and grow the company’s biomanufacturing capabilities.
Founded in 2009, LakePharma provides a full range of biologics services and technology, which enables clients to accelerate product development from lead discovery to Phase 1 clinical trials.
LakePharma currently operates three laboratory centers in the Bay Area in Northern California and one
KKR has injected additional capital to support asset management services provider Joulon’s ongoing acquisition activity.
With KKR’s continued support, Joulon has completed its acquisition of Harris Pye Engineering Group Limited, a provider of engineering and project management services to the marine, offshore and industrial sectors.
Joulon’s platform provides comprehensive Asset Management services to the energy industry. The Company’s business model is based on acquiring businesses with established track records and complementary global expertise in maintenance, repair and overhaul (MRO) services to the oil and gas industry. By combining and enhancing these companies’ expertise and synergies, Joulon is able to
Inflexion Private Equity has created Halo Technology (Halo), a global vendor of optical transceivers by combining ProLabs, a UK-based business backed by Inflexion in June, with AddOn Computer Peripherals, a California-based business acquired in a transaction backed by Inflexion in November.
Operating under the Halo umbrella will allow ProLabs and AddOn to retain their existing brands while benefitting from synergies gained through the alliance. The combined group employs approx 150 people.
Halo is the world’s leading third party optical transceivers business serving blue-chip customers from its supply facilities and sales offices in the US, Europe and Asia. The market for
European buyout houses have generated more than EUR100 billion in exit proceeds for the fourth year in a row, rising 12 per cent in 2017 to reach EUR112 billion across 436 divestments.
That’s according to provisional data from the CMBOR at Imperial College Business School, sponsored by Equistone Partners Europe and Investec Specialist Bank.
This strong performance is in spite of uncertainty around Brexit progress as well as national elections in a number of Europe’s major economies, suggesting unwavering appetite from buyers for European private equity-backed assets. With an average hold period of 70 months for harvested deals, it
LeftShift has raised an initial growth capital investment from Riverside. Headquartered in London, LeftShift is an expert in IT delivery automation solutions, working with organisations such as Barclays, Etihad and Coke.
Drake Star Partners acted as the exclusive financial adviser to LeftShift in this transaction.
Founded in 2013, LeftShift are continuous delivery experts focusing on automation, testing and data management. This strategic growth capital investment from Riverside will allow LeftShift to further scale its Orson software for Test Data Management globally.
Mark Smith, LeftShift’s Co-CEO, says: “We are delighted to win the backing of Riverside who have really
Clearwater International UK has advised South Wales-based marine and energy engineering group Harris Pye, on its sale to oil and gas asset management services platform Joulon.
Joulon provides asset management for the energy industry through a portfolio of manufacturers and service providers. It is part of investment firm KKR’s USD6 billion (circa USD5.1 billion) Asia II Fund.
Harris Pye has been acquired to provide a project management platform for the Joulon Group.
The buyer is aiming to grow the company to three times its current size through investment, strategic acquisition and increasing market share in the marine, offshore
Quinbrook Infrastructure Partners (Quinbrook), a global investment manager specialising in lower carbon and renewable energy infrastructure assets, has expanded its UK reserve power project portfolio to a potential 140 Megawatts (MW) after acquiring a further three projects comprising 56 MW across three sites located in the West Midlands, Essex and Hampshire, England.
This latest investment builds on the recently announced Eider acquisition and expands Quinbrook’s distributed power platform in the UK to over USD100 million of proposed capital investment between now and the end of 2018.
The three reciprocating gas engine power projects were originally awarded 15-year Capacity Market Contracts in the December 2015 auction. Each
In an effort to streamline fundraising, increase clarity and improve the efficiency of capital formation, the Institutional Limited Partners Association (ILPA) has released a model subscription agreement (MSA) for private equity funds.
Developed by legal counsels representing the private equity industry, the modular, multi-jurisdictional document provides a balanced, off-the-shelf solution which can be easily customised to meet the needs of fund managers and their investors, saving significant time and cost. The ILPA MSA is available to the industry on the ILPA website.
“In speaking to private equity stakeholders about legal procedures in need of streamlining, the fund closing process was at
The Riverside Company has sold Kyjen (Outward Hound), a designer and distributor of interactive pet toys which promote mental and physical wellbeing of pets, in addition to pet accessories such as travel gear, games and life jackets.
Its products are sold under the Outward Hound, Petstages, Dublin Dog, Bionic and Nina Ottosson brands.
Riverside helped Outward Hound expand in a number of ways during its roughly four year hold, including investing in sales, marketing, and branding initiatives. Also key to the growth were the add-on acquisitions of Petstages, Dublin Dog, Bionic Pet Products and Zoo Active, which delivered new
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