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An affiliate of private equity investment firm HIG Capital has acquired a portfolio of compensation product offerings, including Salary.com, from IBM Corporation.
Founded in 1999 and headquartered in Wellesley, Massachusetts, Salary.com is a provider of reliable information, software, and best practices for compensation professionals. The Company’s product offerings help employers find and analyse detailed, real-time, and accurate information about employee compensation, as well as providing a platform for managing their daily workflow.
William Nolan, Managing Director at HIG, says: “We are excited to have the opportunity to invest in Salary.com and work with Kent Plunkett and his team as
- 24/02/2016
AMP Capital’s global infrastructure platform has raised more than USD1 billion in new commitments as it nears its final close of USD2 billion. The Global Infrastructure Fund raised nearly USD400 million cumulatively for its second and third closes.
The investor commitments combined with the global infrastructure platform’s existing portfolio of diversified European infrastructure equity assets mean the platform is more than three quarters towards meeting its target.
AMP Capital Global Infrastructure Fund Managing Partner Boe Pahari, says: “Investors have come to understand the many benefits that infrastructure provides to a portfolio such as low volatility, high yield, GDP and inflation
- 24/02/2016
Morgan Stanley Alternative Investment Partners (AIP) has closed on over USD225 million in final capital commitments for Private Markets Income Fund I (PMIF).
The fund’s strategy is to invest in niche income-oriented private market strategies, across primary fund commitments, co-investments and secondaries, which provide near-to-medium-term cash distributions. These investment strategies are frequently backed by real, financial or intellectual property assets. While PMIF represented AIP’s first standalone fund in this strategy, AIP has been an active participant in this investment space since 2000.
“Our clients rely on alternative investments to meet many different objectives, and this capital raise demonstrates how
- 24/02/2016
Trilantic Capital Partners Europe has entered into an agreement with Fondazione Salvatore Maugeri (FSM) to make an initial investment of EUR66 million in the company to finance both organic and inorganic growth projects.
As part of the transaction, FSM, a leading Italian operator of private hospitals, will transfer all its operations to a new company. Trilantic Europe will invest in Maugeri through a EUR66 million capital investment and initially will own c. 34% of Maugeri, and FSM will own the remaining circa 66 per cent. Trilantic Europe also has an option to increase its investment to a total of circa
- 24/02/2016
CensorNet has acquired SMS Passcode, a European based multi-factor authentication vendor, and will integrate the unique multi-factor authentication technology into its Unified Security Solution.
The funding for the acquisition was led by Talis Capital alongside existing investors. Hill Dickinson LLP advised investors on the transaction.
This acquisition follows the Series A round completed in September 2015, also led by Talis Capital, and is an important transition for the company. This allows CensorNet to claim a truly global footprint, protecting over one million users across 4,000 customers in 40 countries throughout EMEA and the US.
CensorNet’s management team is
- 24/02/2016
Venture capital investor Octopus Ventures has exited its investment in Vision Direct, the online contact lens retailer. Vision Direct has been acquired by Essilor.
Octopus Ventures invested in Vision Direct in 2009 when the company employed 33 people and has remained the largest shareholder throughout this time, seeing Vision Direct grow to 80 employees with a turnover of GBP33 million. This exit represents the second significant exit for Octopus Ventures in 2016, coming after the recent exit from SwiftKey following its acquisition by Microsoft.
Alex Macpherson, head of Octopus Ventures, says: “Today is a huge day for Vision Direct
- 24/02/2016
Paul Hastings has advised Investindustrial on the launch of Investindustrial Fund VI (Fund VI), the largest ever fund focused primarily on Southern Europe.
The fund will pursue majority investments in quality European mid-market companies typically headquartered in Italy, Spain, Portugal or Switzerland with a strong internationalisation potential.
Fund VI is the first fund of EUR2 billion or more raised for the region and Investindustrial’s funds comprise three of the four funds ever raised in the region of EUR1 billion-plus size.
Funds partner Duncan Woollard led the Paul Hastings team, assisted by funds associate Adam Knight, with associate Nikki Johnstone assisting on the regulatory
- 24/02/2016
Inflexion Private Equity has appointed Tom Green as Value Enhancement Director. He starts with immediate effect and will work alongside Jon Andrew to support strategic and operational value creation within Inflexion’s portfolio.
Green’s appointment strengthens Inflexion’s existing value creation team which includes international portfolio support offices in Brazil, India and China, and in-house digital expertise.
Green joins Inflexion from CPA Global, where he was Corporate Development Director of the Cinven-backed IP legal services business, focused on driving growth both organically and through the origination and execution of bolt-on acquisitions across North America and Europe. Tom started his career in
- 24/02/2016
- 24/02/2016
The Hilb Group (THG) has acquired Ocean Township, NJ-based PriMed Consulting. The transaction became effective 1 February, 2016.
PriMed Consulting has been providing physicians in New York and New Jersey with medical malpractice insurance for more than 18 years. As the second transaction in 2016 and ninth in the past 12 months, this acquisition will expand THG’s medical malpractice expertise and establish its first location in New Jersey.
"PriMed is a leader in medical malpractice services in New York and New Jersey,” says Bob Hilb, CEO of The Hilb Group. “Their specialty focus goes a long way toward strengthening
- 24/02/2016
CVC Capital Partners (CVC) has held the the final closing of CVC Growth Partners, a new fund dedicated to investing in high-growth, middle-market companies in the software and technology-enabled business services sectors.
CVC Growth Partners exceeded its USD750 million fund target and, including a sidecar co-investment vehicle, secured total commitments of USD1 billion.
CVC Growth Partners has already made two investments: Wireless Logic, Europe's leading M2M connectivity and managed services provider that works with over 950 application providers, system integrators and enterprises, in February 2015; and Kount, a Boise, Idaho-based e-commerce and mobile fraud detection service provider used by
- 24/02/2016
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