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Two specialists in Banking and Finance and Investment Funds have joined Ogier in Cayman. Debt capital markets and structured finance expert Kristi Green, and hedge funds specialist Emma Sutherland, have both been appointed as Counsel.
Epidarex Capital (Epidarex) portfolio company Harpoon Medical (Harpoon), a pioneer in beating-heart repair for degenerative mitral regurgitation (DMR), has been acquired by Edwards Lifesciences for up to USD250 million.
Under the terms of the merger agreement, Edwards paid USD100 million in cash for Harpoon at closing on 1 December, 2017 with a potential for up to an additional USD150 million in pre-specified milestone-driven payments.
Epidarex was among Harpoon’s earliest supporters, funding the development of the company’s core technology shortly after it was spun-out of the University of Maryland, Baltimore (UMB). Epidarex led the Series A funding. As part of
By George Ralph, RFA – Whilst popular in the US, here in the UK, cyber liability insurance is slowly gaining traction but hasn’t yet reached a level of widespread adoption.
Possibly because firms in the US have clearer liabilities where customers’ data is concerned, with a mandate to notify all clients of the breach, in writing, whereas in the UK, the costs associated with a cybersecurity incident, or data breach are less clear, varying from industry to industry, and between firms of different sizes. The imminent GDPR could change things, but we have yet to see that happen.
All cyber
Abacus Group has added 72 new client firms through the first three quarters of 2017 along with a host of platform and cybersecurity enhancements, and a new solution specifically for small and start-up funds.
Chris Grandi, CEO of Abacus Group, says the company has surpassed 100 employees as it completes its 10th year serving the investment community. In June, Abacus accepted a minority growth investment from WestView Capital Partners, a Boston-based private equity firm focused on middle market growth companies.
“Our rapid onboarding of new clients, product enhancements, new solutions and expansion of staff confirms that Abacus Group has
Churchill Asset Management (Churchill), a provider of senior and unitranche debt financing to middle market companies, has closed its second structured debt investment offering, a USD340 million collateralised loan obligation fund (CLO) named TIAA Churchill Middle Market CLO II Ltd.
This follows TIAA Churchill Middle Market CLO I Ltd, a USD382 million transaction, which closed in September 2016 and the more recent final closing of the Churchill Middle Market Senior Loan Fund, LP (and related investment vehicles) with over USD1.1 billion in committed capital in November 2017.
“We are encouraged by the positive response from investors to our second
IWSC Group has rebranded as The Conversion Fund in a move the firm says more accurately reflects the nature of the company as a private investment vehicle, partnering with entrepreneurs and innovative management teams to drive sustainable value.
With expertise in acquiring, incubating and growing businesses that span sectors in food, beverage, performance & arts, creative & media and exhibitions & networking, the rebrand places the company at an exciting intersection of acquisition.
The Conversion Fund looks to combine inspirational management, creative mindsets, and a disciplined approach to business planning, in order to disrupt existing business models in the
Lawyers from Carey Olsen’s corporate and finance group in Guernsey have advised longstanding client, Inflexion Private Equity (Inflexion), on its minority investment in Radius Payment Solutions (Radius), a leading fleet payments and telematics provider.
Inflexion has invested GBP150 million in Radius, with the deal valued at GBP800 million, through its Partnership Capital Fund. Its investment will support Radius’ continued organic growth whilst helping to accelerate sales worldwide.
Partner Andrew Boyce led the Carey Olsen team advising Inflexion on all the Guernsey legal aspects of the deal and associated finance facility, with assistance from associates Rachel de la Haye and
Kirkland & Ellis International is advising Vitruvian Partners on the acquisition of Technogroup IT-Service. The transaction is still subject to the approval of the antitrust authorities.
Vitruvian Partners is an independent pan-European private equity firm which specialises in ‘dynamic situations’ – investments in companies undergoing rapid growth and change. Vitruvian has total assets under management of approximately EUR5 billion and offices in London, Munich, Stockholm, Luxembourg and San Francisco.
Technogroup is a third party maintenance (TPM) player in the DACH region. It provides insurance-like technology maintenance services and additional value-add services for IT systems in data centres in its
LiveHire Limited, a Live Talent Community software platform providing an enterprise scale, human-cloud hiring ecosystem across entire industries, has received firm commitments to raise USD20 million via a placement to institutional and sophisticated investors.
The Placement will comprise of approximately 19.05 million shares (Placement Shares) at a price of USD1.05 for each Placement Share. This price represents a 2.1 per cent premium to the Company’s 15-day volume weighted average price (VWAP). The Placement Shares will rank equally with existing ordinary shares.
The Placement is expected to be completed within 5 business days and will be issued without disclosure under
Murray Devine has appointed Mark Emrich in the firm’s New York office. Emrich will lead Murray Devine’s New York business development activities with an emphasis on alternative investment firms and financial service intermediaries including investment banks, law firms, accounting and audit firms, and insurance companies.
Emrich has over 20 years of experience in senior investment sales and business development at financial service firms across multiple asset classes and investment strategies in both the public and private markets. Prior to Murray Devine, Mr. Emrich was Managing Director at Anagenesis Capital Partners, a New York based healthcare and consumer private credit investment
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