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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
East Capital Explorer AB (ECEX) is to sell its entire 63 per cent stake in Starman Group, the pan-Baltic cable TV and broadband provider, to Providence Equity.
The transaction, which will result in an exit gain for ECEX of at least EUR35 million, corresponding to a gross IRR in excess of 30 per cent, will consist of an upfront cash consideration of approximately EUR 81m with the potential for an additional earn-out of up to EUR5 million payable in 2017. The transaction will represent an implied total enterprise value of approximately EUR210 million.
East Capital Explorer acquired a majority
- 15/03/2016
Inflexion Private Equity has completed the management buyout of Global Reach Partners Ltd, a leading UK foreign exchange specialist providing payments and hedging services to businesses and private individuals.
Global Reach Partners helps clients manage their foreign exchange exposure through a range of hedging strategies, which are tied to fundamental business needs. The hedging strategies are delivered through many products including spot payments, forward contracts and options in over 150 currencies.
Global Reach Partners transacts £3bn of foreign currency each year, through its team of over 85 expert traders and support staff based in London.
Inflexion will be
- 14/03/2016
Italian corporate and financial law firm Gattai Minoli Agostinelli & Partners advised the private equity firm CVC on the acquisition of Italian generic drugs firm Doc Generici from Charterhouse.
CVC was assisted by a team composed by partners Bruno Gattai and Gerardo Gabrielli, together with senior associate Lorenzo Fabbrini. Lorenzo Cairo, Licia Garotti and Micaela Tinti, heads of the Firm’s Employment, IP and Administrative Law departments respectively, participated in the transaction, as well.
Founded in November 2012, Gattai Minoli Agostinelli & Partners is a law firm specialising in Corporate and M&A, Banking & Finance, Tax, Restructuring, Real Estate, Employment,
- 14/03/2016
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