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UK-based mid-market private equity investor LDC has backed the management buyout of ENSEK, a software supplier to UK energy providers.
After a significant number of recent customer wins, the multi-million-pound investment will enable the business to embark on the next stage of its growth journey.
Headquartered in Nottingham, ENSEK uses its market-leading software-as-a-service (SaaS) platform to provide existing energy suppliers with its revenue assurance and gross margin accounting product. It also provides new market entrants with the end-to-end software solution required to enter and operate in the UK energy sector.
Led by CEO Jon Slade, the business has
Private equity firm Thomas H Lee Partners has closed the acquisition of a majority interest in Ten-X, a US online real estate marketplace.
Members of Ten-X’s senior management team, Stone Point Capital, and CapitalG (formerly Google Capital), among others, will continue to hold minority positions in the Company. Terms of the transaction have not been disclosed.
Founded in 2007 and headquartered in Irvine and Silicon Valley, California, Ten-X provides an online real estate marketplace that allows individuals and investors to buy and sell residential and commercial real estate properties using both desktop and mobile channels. By leveraging its market-leading
Employee benefits firm SalaryFinance has completed a GBP40 million funding round (subject to Financial Conduct Authority approval) led by Legal & General with founding investor Blenheim Chalcot also participating.
SalaryFinance specialises in technology to help employees improve their financial health, consolidate debt and start saving. This investment signals growing recognition of the impact that financial concerns have on work and life, and the potential of workplace benefits to improve the lives of employees.
With 17 million UK employees having less than GBP100 in savings the problem is stark. Leading employers are recognising this and adopting solutions like SalaryFinance to
PremFina Ltd, a UK-based company that increases access to insurance by providing financing options for the purchase of insurance premiums, has secured USD36 million in equity funding and a debt facility.
Rakuten Capital, the investment arm of Japan’s Rakuten, a global leader in e-commerce and fintech services and the main global partner of FC Barcelona and the UK’s Draper Esprit Plc led the financing, and were joined by global investors Thomvest Ventures, Emery Capital, Rubicon Venture Capital, Talis Capital and the company’s founder.
PremFina is the first premium finance company in the UK to receive venture funding, with the
Wala, a blockchain-powered financial services platform for the unbanked and underbanked, has secured an equity investment from Newtown Partners, the venture capital firm founded by Llew Claasen and Vinny Lingham.
Claasen is the Managing Partner of Newtown Partners and also the Executive Director of the the Bitcoin Foundation. Lingham is best known as the Founder of mobile gift card company Gyft, sold to First Data in 2015 and more recently, Civic, a Silicon Valley-based startup that completed a USD33 million token sale for a digital identity management platform in July 2017.
Newtown Partners previously assisted their portfolio company Augmentors,
Bridging Finance has launched its newest product, the Bridging Mid-Market Debt Fund, which will be available as of 20 October, 2017 through the IIROC dealer channel on FundSERV.
“Bridging Finance is currently experiencing significant growth and continues to establish itself as a leading provider of non-distressed private debt financing in Canada. Accordingly, the addition of the Bridging Mid-Market Debt Fund to the suite of products offered by Bridging Finance will allow us to better serve the financial advisor community with a product normally reserved for institutional investors, while assisting companies seeking alternative financing in North America,” says David Sharpe, Chief
Blueprint Capital Advisors, an investment firm focused on manager sourcing, due diligence and the structuring of opportunistic investments, has appointed John McAvoy as a Partner.
At Blueprint, McAvoy is involved in the execution of all investment activities and responsible for the Firm’s strategic investments. He is also a member of the Blueprint Investment Committee.
“John is a highly-accomplished industry executive with extensive alternative investment management, equity and debt capital markets experience,” says Jacob Walthour Jr, Chief Executive Officer of Blueprint. “At Blueprint, we are levelling the economic playing field by structuring investor participation more creatively to best align the
360ip Japan has launched the 360ip Japan Fund 1 which will focus on seed technologies developed in academic institutes and corporations in Japan.
The Fund completed its initial closing with commitments of JPY1.0 billion, with support from investors Shinsei Bank and UTokyo Innovation Platform (UTokyo IPC Tokyo, Japan), a strategic investment arm of the University of Tokyo.
360ip Japan provides academic institutes and corporates with technology commercialisation and investment management expertise across a variety of industries. The fund aims to invest mainly in seed-stage start-ups or spin-offs with cutting-edge technologies developed in universities, research institutes, and corporations in Japan.
BGF has appointed Andy Watts to its Talent Network team. Watts will provide support to BGF-backed companies by further expanding BGF’s network of non-executives, interim managers and experienced finance directors.
Watts has more than 13 years’ recruitment experience, including most recently as a partner with Boyden UK. He has worked with blue-chip and smaller, high-growth clients across the consumer, retail, hospitality, technology, support services and industrial sectors. Before Boyden, Andy worked at Whitehead Mann as part of the Industry team, covering London and the Midlands. His early career was as a fully qualified Solicitor.
In his new role, Watts
Steele Compliance Solutions has added extensive training and awareness content to its third-party compliance management software and due diligence services, through the acquisition of Compliance Wave.
Compliance Wave is a specialist in compliance micro-training content. With a client base of Fortune 500 companies, Compliance Wave provides a library of over 2,000 micro-learning & communication tools in more than 30 languages. The content provides short, engaging and retainable information that is not only fun for the end user to consume, but is highly effective in getting complex compliance concepts through in a meaningful way.
Compliance Wave adds to Steele’s already robust
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