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Roynat Equity Partners has sold internet access business NetSet to Xplornet Communications (Xplornet). Based in Brandon, Manitoba, NetSet provides next generation broadband services throughout the province of Manitoba.
Xplornet will maintain the NetSet Communications trade name and will retain virtually all of NetSet’s employees and business operations in both Brandon and Winnipeg.
Roynat Equity Partners has been a shareholder of NetSet since 2014, providing value-added capital to help the company rapidly grow its geographic footprint and subscriber base throughout the province.
Rosewood Private Investments (RPI) has acquired a majority equity in ProTec Laboratory (ProTec), a provider of contract manufacturing services to consumer brands in the dietary supplements, sports nutrition, functional foods, and pet care products industries.
The investment in ProTec represents the third within RPI’s holding company, International Nutrition & Wellness Holdings (INW Holdings), and the second this year under INW Holdings CEO Paul Richardson. In July, INW acquired Irving, Texas-based contract manufacturer, Healthy Natural, Inc. (Healthy Natural), from Rice-Bran Technologies. INW also holds an ownership stake in United I International Laboratories (“United I”), a Carrollton, Texas-based manufacturer of dietary supplements, sports nutrition and personal care products. Together the companies offer an array of manufacturing capabilities and serve
The State Street Global Exchange SM Private Equity Index (GXPEI) ended the second quarter of 2017 with continued strong performance of 3.96 per cent, in line with the 3.95 per cent return posted in the first quarter.
The GXPEI is based on directly-sourced limited partnership data and represents more than USD2.5 trillion in private equity investments, with more than 2,800 unique private equity partnerships, as of 30 June 2017.
“European funds had a very strong quarter, partly driven by a weaker US dollar,” says Will Kinlaw, senior managing director and global head of State Street Associates®, a division of
Vestar Capital Partners (Vestar) is to acquire to acquire Nonni’s Food Group (Nonni’s), a manufacturer of artisanal biscuits and other baked snacks from Wind Point Partners.
Terms of the transaction, which is expected to close in the fourth quarter of 2017, have not been disclosed.
Nonni’s products are marketed under the Nonni’s, THINaddictives, and La Dolce Vita brand names, and sold through a diverse distribution platform that includes major customers in club, grocery, mass market, foodservice, and online retailing.
“Our partnership with Wind Point has been extraordinarily successful and we thank them for their support and contributions to
Western NIS Enterprise Fund (WNISEF) has launched U.Ventures, a new fund focusing on investing in early stage technology startups from Ukraine and Moldova.
U.Ventures will invest in early stage companies, from Seed to Series A, with investments ranging from USD100,000 to USD500,000. U.Ventures will back start-ups from Ukraine and Moldova that typically have a product with first traction, targeting large addressable markets, with a technology edge, driven by motivated teams with proven track record, and reputable co-investors.
To date U.Ventures has invested just over USD2.3 million in six companies which are emerging leaders in their segments, quickly expanding into
UMB Fund Services (UMB) has endorsed the Institutional Limited Partners Association’s (ILPA) best practice principles and reporting templates for the private equity space, which help promote reporting consistency and transparency for limited partners.
UMB is among a select group of fund administrators to endorse the ILPA reporting standards.
“Implementing these new template standards and best practices will aid in furthering standardised reporting processes for limited partners and ultimately providing the transparency many private equity investors are now desiring,” says Maureen Quill (pictured), Chief Operating Officer at UMB Fund Services.
UMB’s proprietary accounting system, FastPro, is being programmed for
Apellis Pharmaceuticals, a portfolio company of early-stage venture capital fund Epidarex Capital, has completed its initial public offering (IPO).
Apellis began trading on the NASDAQ Global Select Market under the ticker symbol “APLS” on Thursday, 9 November. Having raised gross proceeds of circa USD150 million from the offering.
Epidarex and its predecessor fund, MASA Life Science Ventures, were among the company’s earliest backers, funding the development of the company’s core technology shortly after its spin-out from the University of Pennsylvania. Sinclair Dunlop, Co-founder and Managing Partner of Epidarex, having served on the Board of Directors since the initial investment,
One year after its launch, the Guernsey-based private funds platform, The ID Register, has grown substantially with help from Carey Olsen.
The ID Register is a universal investor onboarding platform created in response to the changing regulatory requirements and frustration in the funds industry at the lengthy paper-based processes for customer due diligence (CDD); it lets users create one complete Know Your Client and FATCA profile and share it securely with their counterparts.
Director of The ID Register, Tim Andrews, says: “The ID Register has doubled in size in less than 12 months by attracting clients from across the world
By Mary Beth Hamilton – According to research firm Gartner, by 2020, a corporate “no-cloud” policy will be as rare as a “no-internet” policy is today. Cloud-first, and even cloud-only, is replacing the defensive no-cloud stance that dominated in recent years…[Additionally], hybrid will be the most common usage of the cloud.”
So when it the right time for an investment firm to make the cloud move?
For newly emerging investment firms, the choice to adopt a cloud-based architecture is an easy one. Few firms have a business model where an on-premise solution makes strategic or economic sense — but what about established
As popular as the alternative investments industry remains, attracting and retaining investors at a time when asset classes are converging means that managers need to constantly think about how best to differentiate themselves.
In short, how should GPs best position themselves, such that they can attract inflows and capitalise on an industry that has, according to Preqin’s estimations, grown to USD7.7 trillion in global AUM.
This was the backdrop to a new survey produced by SEI in partnership with Preqin, entitled: “Finding Success as Alternatives Converge”.
The survey canvassed the opinions of nearly 200 global GPs to sharing their perspectives
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