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Bi-annual AlixPartners mid-market debt survey reveals that there has been a significant rebound in ‘Unitranche’ deals, up 30 per cent on H2 2016.
Some 124 deals in the last twelve months represents the highest volume recorded. Overall midmarket deal count in H1 2017 was 244, up 12 per cent from the same period last year.
Over the last six months unitranche structures have rebounded representing 29 per cent of all deals, up from 19 per cent over the whole of 2016. According to the bi-annual mid-market debt survey, there was also an increase during H1 2017 of ‘stretched-senior’ hybrid
BGF has launched its new visual identity as part of a brand refresh. The company, which is now the UK’s most active investor in growing businesses, will stop using Business Growth Fund in favour of the shortened BGF to better accommodate its three areas of investment – BGF Growth, BGF Quoted and BGF Ventures. A new website www.bgf.co.uk also goes live today.
The refreshed visual identity is designed to attract the UK and Ireland’s most exciting companies, people and partners. The new strapline, ‘Invested in Growth’, reflects BGF’s commitment to provide more than money by using its connections and networks
Britbots, the mentoring organisation devoted to supporting British-based robotics start-ups, has launched Britbots CROWD, the world’s first dedicated equity crowd-funding platform for high potential companies in field of robotics and associated technologies.
Many of the companies listed will have already been backed by the British Robotics Seed Fund, which raised in excess of GBP500,000 in its first fund, and will announce the opening of its second fund later this autumn.
As automation and robotisation drive significant productivity improvements across the global economy, the Britbots CROWD platform gives private investors the opportunity to build up a personal share-portfolio comprising of
Coinsilium, an investor that finances and manages the development of early-stage blockchain technology companies, has announced its interim results for the six months ended 30 June 2017.
The company has reported total comprehensive income, which includes fair value gain on available for sale financial assets, of GBP290,210 (H1 2016: loss of GBP258,533). The loss for the period from continuing operations reduced by 24 per cent to GBP205,378, (H1 2016: loss of GBP269,756), while the loss per share of GBP0.02 compares with a loss of GBP0.04 for H1 2016).
Available for sale financial assets amounted to GBP1.6 million at 30 June 2017 (31 December 2016:
Private equity firm Arsenal Capital Partners (Arsenal) has appointed Patricia Grad as a Senior Managing Director and Head of Investor Relations.
Grad has over 15 years’ experience in developing, launching, and executing strategic fundraising and investor relations programs for private equity firms.
Bill Farrell, Arsenal’s Head of Investor Relations since 2011, has chosen to retire after a lengthy career. He will be with the firm through the end of the year to assist during the transition and will remain a senior advisor to the firm.
Terry Mullen, Arsenal’s Co-Founder and Partner, says: “Patricia joins Arsenal at an exciting
Home Inc, a social e-commerce platform for the home furnishing industry, has completed a USD5 million Series A+ round of financing led by Sky9 Capital with participation from existing investor Capital Today.
Home Inc is a social e-commerce platform for furniture and home furnishings in China. The Hangzhou-based company provides an online platform that utilises an innovative, sharing-economy approach to sales and marketing, connecting prospective customers with prior customers both online and offline. The company is different from other furniture e-commerce companies because it provides a network of virtual showrooms, called “Lifestyle Homes”, for prospective customers to personally experience the products
Actua Corporation has entered into separate agreements to sell its three majority-owned businesses – VelocityEHS, Bolt Solutions and FolioDynamix – for an aggregate of USD549 million in cash.
The sales are the result of the Board’s comprehensive review of a range of strategic options to maximise stockholder value, which was undertaken with the support of independent financial and legal advisors.
The Company expects to realise aggregate cash proceeds in the range of between approximately USD472 million and approximately USD502 million and does not currently expect to pay material federal taxes in connection with the transactions. Following completion of the
Palatine Private Equity has made a new addition to its Manchester team with the appointment of Tom Ross-Jones as Portfolio Director.
Ross-Jones, who is a qualified chartered accountant, joins Palatine from EY, where he spent 11 years with the business advisory firm. Tom has advised businesses on a range of transactions and restructuring programmes and went on to work in the operational transactions services team, which involved completing due diligence for private equity backed buyouts, as well as advising on business carve-outs and post-merger integrations.
Ross-Jones will work alongside Steve Donaldson, Head of Portfolio, and Partner Ed Fazakerley. In
FirstPoint Equity, a global private funds placement group and advisory firm, has appointed veteran LP Craig Lewis as Managing Director.
Lewis will be responsible for client advisory and business development within Real Assets including Agriculture, Energy and Power, Natural Resources and Real Estate.
As Director of Private Markets and Real Assets at Alfred I duPont Testamentary Trust for over nine years, Craig was responsible for developing, sourcing and executing investment strategies for the Trust’s $900 million Real Assets portfolio and brings a wealth of sector knowledge in private markets. Prior to duPont Trust, Craig served as Investment Manager within
Ipes, a leading provider of outsourced services to private equity in Europe, has appointed Gary Ayres as a Senior Manager in the firm’s Jersey Office.
Ayres joined Ipes in August 2017 and is responsible for the management and development of the Jersey client delivery teams and the associated client portfolios and relationships.
Ayres has 11 years’ asset management experience after starting his career at PwC Ireland, where he joined in 2006 as an associate in PwC’s dedicated Asset Management Practice providing audit services to European and US asset management clients. Specialising in the alternatives sector, Gary has a strong
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