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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
RNC Minerals (RNC) has entered into a USD4 million 18-month Convertible Term Debt Facility with Pala Investments Limited (Pala).
Mark Selby, President and CEO, says: “I am pleased to have this investment by Pala, one of the world’s leading mining private equity groups and an investment leader in the battery materials sector. This investment highlights the position of the Dumont Nickel Project as one of the world’s largest resources of both nickel and cobalt, two key components of the batteries used in the growing electric vehicle market. Dumont is the only fully permitted, shovel ready, large scale nickel and cobalt project
Smartkarma, an Asia-based provider of independent investment research, has opened a new UK office to serve as a hub to build out its independent research analyst community in Europe and support its buy-side investor clientele.
Arzish Baaquie (pictured), who joined the firm in 2014 and previously led the Special Situations offering, is spearheading the growth of Smartkarma in the UK and will build a team based in Baker Street, London.
Smartkarma’s move to the UK coincides with major banking legislation, MiFID II, which takes effect in January 2018 and is forcing transparency around the supply and payment of research.
M&A specialists from Carey Olsen’s Guernsey corporate team have advised long-standing client and Toronto Stock Exchange (TSX)-listed Avnel Gold Mining Limited (Avnel) on its successful acquisition by TSX-listed Endeavour Mining Corporation (Endeavour) by way of a Guernsey scheme of arrangement.
Endeavour, a premier intermediate gold producer focussed on assets in the West African region, has acquired all of the issued and outstanding ordinary shares of Avnel in exchange for the issue of new Endeavour shares.
Avnel is a gold mining, exploration and development company with operations in southwestern Mali in West Africa. Its focus is to develop its 80
The three Northern VCTs – Northern Venture Trust PLC, Northern 2 VCT PLC and Northern 3 VCT PLC – have launched a new joint share offer, to raise an aggregate of up to GBP60 million (GBP20 million per fund) in the 2017/18 tax year.
Applications under the offer will be dealt with on a first come first served basis, except that existing shareholders in each of the companies will have priority application rights until 13 October 2017. In previous launches the VCTs have experienced strong demand from investors, and in recognition of this all applicants are encouraged to submit
Maven Capital Partners has announced VCT offers to raise up to GBP30 million (with an over-allotment facility for up to a further GBP10 million).
Maven is launching the offers to take advantage of the strong pipeline of new transactions which is in evidence across the Maven regional office network.
For the first time investors in Maven VCTs will have the option to complete and submit an application and payment online by visiting a new dedicated and secure investment portal operated by Capita Asset Services which is the Receiving Agent and Registrar for the Maven VCTs. This new system has
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