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VCTs provide ‘patient’ capital to UK businesses enabling them to more than double their turnover (an increase of GBP2.2 million per GBP1 million of VCT investment) and have also helped to created 27,000 jobs, according to the Association of Investment Companies (AIC).
A review by the AIC shows that 54 per cent of all current VCT investee businesses have been held by those VCTs for longer than five years, while 20 per cent of all businesses have been held for longer than 10 years. VCTs have also boosted exports and R&D in investee companies.
HM Treasury, which is currently
SFW Capital Partners, a private equity firm that makes strategic investments in mid-size analytical tools and related services companies has appointed Andrew Cialino as a Vice President and Head of Business Development.
Cialino is joining the SFW team from Axial, where he was the Head of Sales and a member of its executive team. Axial is the leading deal network for middle market M&A professionals. During his five years at Axial, Andrew worked with hundreds of middle market private equity firms on their business development strategies and developed a robust network of intermediaries across the US.
“Andrew brings an
Pamlico Capital (Pamlico) in conjunction with existing management, has invested in Cartegraph Systems, a provider of SaaS-based asset management solutions to local governments.
CEO Jake Schneider and the Cartegraph management team will continue to lead the growth of the Company moving forward. Specific terms of the transaction were not disclosed.
Based in Dubuque, IA, Cartegraph devotes itself to cities, counties, and government agencies seeking to be more effective, efficient, and productive in their daily operations. The Company builds software that empowers users to capture infrastructure asset data, analyze it, and use it to prepare for the future.
“Cartegraph
IGF, a commercial finance provider for SMEs, has delivered a GBP2.75million asset based lending facility to Dundee-headquartered engineering firm, Pryme Group.
Pryme Group sought a flexible financier to support its growing order book and expansion plans, particularly in the aerospace and defence industries. IGF’s facility also provides Pryme Group with a greater level of working capital flexibility.
The Group was formed to provide high quality, integrated manufacturing solutions through bringing together a complementary group of established engineering, testing and manufacturing companies. Collectively, Pryme Group has over 100 years’ experience in providing solutions to a broad range of industries across the
A survey of professionals working in Malta’s financial services industry carried out by Managing Partners Group (MPG), reveals that the clear majority expect the sector to enjoy strong growth over the next five years.
The sector currently contributes just over 12 per cent of Malta’s GDP, but 87 per cent believe this will be higher by 2022, with 70 per cent anticipating it will account for 15 per cent or more.
One of the key reasons behind this growth will be an increased focus on innovation. Some 16 per cent of those interviewed expect product innovation in the Maltese financial
Accountancy and business advisory firm BDO LLP is growing its tax and corporate finance teams with the appointment of two new partners this week. Both partners have significant private equity experience – an area of real growth for the firm.
Ed Nevens joins BDO’s London tax group following four years at EY where he developed and led its UK private equity fund tax offering. Ed specialises in advising private equity funds and their investors on matters including fund structuring, carried interest and investor tax reporting.
Rory McPherson joins BDO’s Scotland corporate finance team following five years in structured finance
Barings served as co-documentation agent and participated in providing a senior secured credit facility to support Lindsay Goldberg’s investment in Golden West Packaging Group, a holding company created earlier this year for investments in the packaging industry.
The financing facilitated Golden West Packaging’s acquisition of four independent packaging companies and a co-owned captive sheet feeder to create a leading West Coast mill-independent system that provides custom packaging to a diversified customer base with an emphasis on the wine, food, produce and e-commerce markets.
“Golden West Packaging has created a compelling value proposition with its ability to offer a wide
BEX Capital, a secondary investor in private equity fund of funds, has held the final close of BEX Fund II, with total commitments of EUR120 million.
The fund was heavily oversubscribed with fundraising completed in under nine months. At the time of its final close, the fund was already close to 25 per cent invested.
As with its first fund, BEX Capital’s new fund will focus exclusively on the acquisition of positions in private equity fund of funds and secondary funds, with a strong bias towards mature markets and assets. The fund will make individual investments ranging from EUR1
CVC Capital Partners’ CVC Fund VI has agreed to acquire Teva Pharmaceutical Industries Ltd’s (Teva) international (non-US), women’s health assets. The transaction covers products sold in over 50 countries globally, for a cash value of USD703 million.
Headquartered in Israel, Teva is one of the world’s largest generic medicines producers, leveraging its portfolio of more than 1,800 molecules to produce a wide range of generic products. The acquired portfolio consists of over 20 specialty women’s health products, which span various life stages, ranging from contraception, fertility, menopause and osteoporosis, and includes brands such as Zoely, Seasonique, Leeloo, Ovaleap, Colpotrophine and
Private equity house Key Capital Partners (KCP) has continued its recent string of new investments backing an innovative provider of specialist IT Services with a GBP4m equity investment, to support continued growth and expansion.
GBP16 million turnover London based Sparta Global operates the Sparta Training Academy, a growing IT trainer and provider of IT services. The firm’s clients include private sector firms and government clients, including Channel 4, Three Mobile, and the Ministry of Justice. The Sparta Academy model up-skills new IT graduates with intensive in-house training, which enables Sparta Global to provide blue-chip clients with homegrown, high-calibre IT Consultants,
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