Latest News
Rand Capital Corporation (Rand), a venture capital company that makes primarily equity investments in companies with emerging product, service or technology concepts, has invested USD1.1 million as the lead investor of a USD2.0 million senior term loan package for GENICON.
GENICON is recognised as an emerging leader in the design, production and distribution of patented surgical instrumentation focused exclusively on laparoscopic, or minimally invasive, surgery. The new investment increased Rand's total investment to USD2.1 million, consisting of USD1 million of Series B Preferred Shares acquired in April 2015, a new USD1.0 million senior term loan provided in March of 2016,
- 22/04/2016
Kueski, an online lending company in Mexico offering real-time, micro loans to Mexican consumers, has closed a USD35 million round of equity and debt funding, with the potential to increase to USD100 million in total funding, the largest capital funding in Mexico for a fintech startup.
The USD10 million equity investment was co-led by investors Richmond Global Ventures, Rise Capital, CrunchFund and Variv Capital, with participation from Victory Park Capital and existing investors Angel Ventures Mexico, Core Ventures Group and Auria Capital.
Kueski will use the funds to accelerate portfolio growth, expand its world-class team and extend its brand
- 22/04/2016
Regulatory technology, or ‘RegTech’ as it is known, is building momentum in Ireland as the country looks to embrace the Financial Technology revolution.
Speaking at an Irish Funds Industry press event in London last week, Cillian Leonowicz (pictured), Manager, Financial Services, Strategy & Operations – Consulting at Deloitte, said that there is a “real trend” towards FinTech in Ireland, as new technologies emerge to foster innovation and build new businesses as well as improve operational capabilities in existing businesses.
Financial services is obviously a key industry in Ireland. And with the volume of regulation that has come into effect over
- 22/04/2016
The migration to cloud-based IT systems is forcing governments to update privacy regulations to meet evolving data sovereignty requirements. This new report from Ovum “Data privacy laws: Cutting the red tape” shows results of an international survey on the effects of these evolving regulations on businesses.
Please click here to download.
- 22/04/2016
Employee-owned wealth management, capital markets, private equity and asset management firm Baird has posted record net revenues of USD1.3 billion in 2015, a 7 per cent increase over 2014, despite choppy markets and slow economic growth.
Operating income totalled a record USD154 million, up 14 per cent from a year ago, and the firm’s 2015 return on book value, including a cash dividend paid to shareholders, was 13.2 per cent. Baird’s assets in client accounts grew to USD151 billion, an 83 per cent increase over the past five years. The 2015 results, which are available in the 2015 Baird Annual
- 21/04/2016
Ortus Secured Finance, the London-based commercial lender, says it plans to double its commercial lending to UK leisure sector businesses within the next 12 months.
It also hopes to triple the size of its lending book in Northern Ireland – where its focus centres on commercial property needs – by the end of 2017.
Ortus Secured Finance specialises in lending to pubs, hotels, restaurants and nightclubs across the UK which require short-term finance. It provides asset backed loans to businesses looking to cover costs incurred through sudden spikes in demand or for bridging loans to provide interim capital while
- 21/04/2016
BGF (Business Growth Fund) is continuing to grow its investment team in the Midlands with the appointment of Debbie Sorby.
Sorby has 18 years’ portfolio management experience gained most recently at Midven and before that at YFM Group, Connection Capital and 3i, where she spent 11 years.
Based in BGF’s Birmingham office, Sorby joins a team of 10 investors covering the Midlands who, in addition to identifying investment opportunities, provide support to the companies they back.
BGF experienced a record year in the Midlands in 2015 with more than £60m invested in fast-growing businesses. This year, the team has
- 21/04/2016
BBH Capital Partners, the private equity arm of Brown Brothers Harriman & Co (BBH) has held final close of BBH Capital Partners V (CP V) with capital commitments totalling USD802 million, including more than USD110 million from the General Partner and Affiliates.
CP V – which was oversubscribed – exceeded its initial capital commitment target of USD600 million.
CP V is led by its Co-Managers – Partners Jeffrey Meskin and JP Paquin, and Managing Directors Bradley Langer and Michael Boylan – as well as two additional Principals, Managing Director Ivan Pirzada and Senior Vice President Richard Yeh. The Co-Managers have
- 21/04/2016
Financial Technology Partners (FT Partners), an investment bank focused exclusively on FinTech, has hired William Blair & Co Managing Director and FinTech specialist, Phil Olson as a managing director.
Olson has over 15 years experience in the FinTech sector and has been a key figure in over 100 M&A and financing transactions at William Blair (13 years) and Merrill Lynch (2 years). Effective immediately, he is the senior banker in the firm's newly-formed Chicago office.
Steve McLaughlin, Founder, CEO and Managing Partner of FT Partners, remarked: "When I founded the Firm fifteen years ago, the Firm's mission was to build the
- 21/04/2016
Second Genome, a privately-held biopharmaceutical company developing medicines through microbiome science, has closed an oversubscribed Series B investment round with USD42.6 million in financing.
The round was co-led by Pfizer Venture Investments and Roche Venture Fund, and brings the combined total investment in the company to USD59 million. The round also included new investors Digitalis Ventures, Adveq, LifeForce Capital, MBL Venture Capital, and Mayo Clinic, as well as Series A investors Advanced Technology Ventures, Morgenthaler Ventures, Seraph Group, and individual investor Matthew Winkler, PhD.
The funds will be used to further expand the Second Genome Microbiome Discovery Platform in a
- 21/04/2016
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