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Law firm Stroock’s FinTech group, led by partner Ian DiBernardo and special counsel Jeffrey Mann, has advised Instinet Holdings Incorporated in its acquisition of State Street’s BlockCross ATS, an alternative trading system (ATS).
The Stroock team also included associates Binni Shah and Adam Sapper. The transaction, which closed on August 10, 2017, is the third in a series of transactions Stroock has handled for Instinet. Terms were not disclosed.
Stroock’s FinTech team counselled Instinet in the preparation, negotiation and due diligence of vital intellectual property and information technology components. The deal included complex technology, cybersecurity and business issues that
More and more institutions are turning to private equity for the first time, in search of investment returns that are increasingly hard to find elsewhere. Commitments to private investment strategies have grown from an estimated USD180 billion in commitments in 2009 to over USD480 billion in 2016.
Many investors believe that private equity “fund-of-funds” managers offer the best way to get started in the asset class, since they invest in a portfolio of private equity funds, providing new investors exposure to private investment managers and helping them learn about the industry in general.
But secondary funds – which buy
Solid Solutions Management has acquired New Technology CADCAM to support its continued growth and enhance its ability to deliver more sophisticated SolidWorks-based CAD solutions.
Having acquired New Technology CADCAM, and following the acquisition of Cadtek Systems Ltd in 2016, Solid Solutions now supports a customer community of more than 12,500 UK and Ireland-based customers. These encompass product designers, mechanical engineers, manufacturers and educational institutions. The Group provides an extensive range of 3D computer aided design (CAD) and manufacturing (CAM) software tools, as well as comprehensive training and support services.
Founded in 1998 by Managing Director, Alan Sampson, and Technical
Dragos Inc, an industrial control system (ICS) cybersecurity company made up of industry experts with the vision of securing global industrial infrastructure, has secured USD10 million in Series A venture capital funding from co-lead investors Energy Impact Partners (EIP) and Allegis Capital, with additional support from DataTribe, a cybersecurity startup studio that initially funded Dragos.
The Series A round will be used to increase the company’s workforce to meet rising customer demand, generated in part through key partnerships with Deloitte, the global audit and financial advisory services firm, and CrowdStrike Inc, a leader in cloud-delivered endpoint protection.
Dragos is
Los Angeles-based private equity firm LightBay Capital has appointed David Leeney as a Managing Director and Head of Business Development. He will be responsible for coordinating LightBay’s deal sourcing and relationship management efforts.
Leeney brings more than 14 years of business development, origination, and investor relations experience to LightBay. Prior to joining the firm, Leeney spent ten years at The Gores Group, where he most recently served as the Head of Global Origination and oversaw business development for all of Gores’ investment vehicles, including its small-cap and mid-cap funds. Prior to Gores, Leeney worked as an investor relations consultant at
Prudential Capital Group, a source of private capital for public and private companies, has provided more than USD7.1 billion to companies and projects worldwide in the first two quarters of 2017.
This milestone represents an increase of USD1.8 billion compared to the first half of 2016, and an almost doubling in investments outside of North America. Prudential Capital Group is the private placement arm of PGIM, the USD1.1 trillion global investment management business of Prudential Financial, Inc.
“This has clearly been a very busy six-month period for Prudential Capital Group,” says Allen Weaver, senior managing director and head of Prudential
TPG Capital, the global private equity platform of alternative asset firm TPG, is to acquire Transplace, a provider of transportation management and other third-party logistics services.
TPG is partnering with company management to purchase Transplace from Greenbriar Equity Group (Greenbriar). The transaction is expected to close in September and is subject to customary closing conditions, including regulatory approvals. Additional terms of the transaction were not disclosed.
Founded in 2000, Transplace is North America’s premier provider of managed transportation, supply chain consulting and transportation management systems (TMS) technology solutions, as well as other intermodal, truck brokerage, and cross-border trade services.
As your firm evaluates moving to the cloud – as most financial and investment firms today will inevitably do – your list of priorities will likely include:
Regulatory and investor impact
Migration plans and operational effects
Hardware disposal and infrastructure changes
But another critical business area your firm should put some thought into is the effect of the cloud movement on your internal IT department (assuming you have one). What exactly happens to a firm’s IT team once it moves operations into a cloud environment? Is there still value in maintaining an in-house staff?
The simple answer is ‘yes,’
Southwest Foodservice Excellence (SFE), a provider of outsourced foodservices to K-12 public schools, has secured an investment led by Harkness Capital, a private equity firm focused on investments in leading service-oriented companies.
SFE was founded in 2005 by two industry veterans, Don Gala and Luis Benavides. The Company is a leading player in the rapidly growing K-12 outsourced foodservice sector. SFE serves 80+ million meals annually across 100+ school districts in 11 states. The Company focuses on delivering more nutritious and higher quality food, providing exceptional service, and more menu choices to meet specific needs of K-12 public school districts.
Noerr has advised the US-based AVX Corporation on the takeover of a business division from the UK electronics manufacturer TT Electronics. AVX is acquiring the firm’s automotive segment, the Transportation Sensing and Control (TS&C) division, for around USD155 million.
The strategic takeover will strengthen the manufacturer of electronics components listed on the New York Stock Exchange by adding the skills of a leading developer and producer of sensors and performance electronics for the car industry. The TS&C division is located in a total of nine countries, including Germany, Austria, the UK and the US, and generated sales revenue of approximately
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