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Victory Park Capital (VPC), an investment firm focused on private middle market debt and equity investments, has provided a USD100 million senior secured credit facility to Wheels Financial Group, LLC (d/b/a “LoanMart”), an auto title lender.
The credit facility will help support the company’s growth and ability to provide under-banked consumers with affordable auto title loans.
“LoanMart is an established business with a proven track record in the auto title loan industry,” says Jason Brown, partner at VPC. “The management team brings decades of direct experience and has demonstrated a unique ability to evaluate consumer credit risk through economic
- 16/03/2016
DIMONT, a provider of specialty insurance and loan administration solutions to the residential and commercial financial services industries, has secured an investment from Renovo Capital, a Dallas-based private equity fund.
In partnership with a veteran management team, Renovo Capital’s investment enables DIMONT to continue to grow and innovate, while benefitting from Renovo’s sector expertise. Renovo Capital also owns RealtyTrac and Homefacts.
“DIMONT is a strong, longstanding business in a dynamic and growing sector and we are excited to partner with Denis Brosnan and the management team to support the company’s continued efforts toward product innovation and service expansions,” says David
- 16/03/2016
Investment funds managed by JW Childs Associates, have held the recent closing of an investment in a newly formed holding company, Comoto Holdings, dedicated to motorcycle enthusiasts, alongside the founders and equity holders of RevZilla Motorsports.
Comoto Holdings will have equity investments in both RevZilla and Cycle Gear, Inc, two of the nation’s leading retailers of apparel, accessories and parts for motorcycle enthusiasts. The financial terms of the transaction were not disclosed.
RevZilla and Cycle Gear will continue to operate as independent sister companies with headquarters in Philadelphia, PA and Benicia, CA, respectively. Joseph M. Fortunato, former CEO and Chairman
- 16/03/2016
The African Private Equity and Venture Capital Association (AVCA) has appointed Vicki Fuller, Chief Investment Officer of the New York State Common Retirement Fund (CRF), to its Advisory Council.
In addition, Sev Vettivetpillai, Partner at the Abraaj Group, has been appointed to AVCA’s Board of Directors.
Fuller is responsible for developing and implementing investment strategies to ensure that New York State's Common Retirement Fund remains one of the best-funded and best-managed public pension plans in the United States. She earned her MBA from the University of Chicago and her BSBA from Roosevelt University in Chicago. She was named one
- 15/03/2016
- 15/03/2016
Scottish-based business angel syndicate, Archangels, has appointed Sarah Hardy as its Chief Investment Officer (CIO).
Hardy joins Chief Operating Officer, David Ovens, and Investment Director, Niki McKenzie, to complete Archangels’ executive team line-up, and will be responsible for overseeing Scotland’s largest business angel syndicate’s investment strategy and will have specific responsibility for liaison with a number of Archangels’ investee companies.
Archangels, the prominent business angel syndicate based in Edinburgh, has been at the forefront of early stage investing in Scotland for more than two decades.
Sarah joins Archangels from the Wellcome Trust, the independent charitable foundation dedicated to
- 15/03/2016
- 15/03/2016
NimbeLink, a solutions integrator and systems provider for the Internet of Things (IoT) market, has secured USD2.5 million in funding from First Analysis, a private growth-equity investor.
The company will use the proceeds from the financing to capitalise on strong customer demand, to continue broadening its product suite, and to expand internationally to support its global client base.
“Putting the right components together to form Internet of Things Solutions is an inherently difficult task, and we have seen too many promising solutions delayed or abandoned due to these difficulties. NimbeLink eliminates this complexity with its highly-flexible hardware platform supported
- 15/03/2016
EDF Renewable Energy (EDF RE) has closed on the transaction to sell a 50 per cent interest in the 250 megawatt (MW) Roosevelt Wind Project and the 49.65 MW Milo Wind Project to a fund managed by BlackRock Infrastructure.
The closing of this transaction seals the partnership on the final two of five projects for which BlackRock and EDF Renewable Energy have signed agreements for over the past year.
The two wind projects are adjacently located in Roosevelt County, New Mexico. The combined 150 Vestas wind turbines produce enough clean, renewable energy to power approximately 170,000 New Mexico households.
- 15/03/2016
The Greater Manchester Loan Fund (GMLF), managed by Maven Capital Partners (Maven), has provided a GBP400,000 loan facility to Mobedia Limited (“Mobedia”), a digital design agency offering a full range of services to SMEs, mid-corporates and large multinational companies.
The investment will enable Mobedia to open its planned Manchester city centre office which is expected to generate up to 10 new full time jobs in the area.
Since being established in 2005 Mobedia has grown into a full service design agency offering expertise across a range of product areas including Branding, Web Based Content, Strategy, Mobile Apps, Video, and
- 15/03/2016
QLess, an specialist in customer experience and queue management software, has secured USD2.5 million in True Growth Capital from Wellington Financial, a privately-held specialty finance firm.
QLess helps companies optimise their customer experience process by providing an interactive platform for employees to manage customer service flow, equipping management with real-time reporting and analytics to boost operational efficiencies. Its cloud-based patented application eliminates physical lines by allowing customers to instead join a virtual queue by mobile phone, website, or via an on-site kiosk. With its learning algorithms, QLess delivers more accurate wait times via text or phone message and notifies customers
- 15/03/2016
Secure Trust Bank Commercial Finance and SKG Capital have provided GBP1 million worth of funding and investment to support the acquisition of White Knight Laundry Services, a specialist provider of laundry services to international hotel chains.
The joint equity funding and asset based lending facility marks the second transaction that Secure Trust Bank and SKG have completed in the laundry sector, following the GBP4 million backing of AAA Linen in November 2014.
Established in 1904, White Knight works with over 2,000 domestic and business customers, including a number of international hotels. The company, which operates from sites in Reading
- 15/03/2016
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