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Stonehenge Growth Capital has made an investment in PosiGen that will enable the solar company to expand operations in Connecticut and provide clean energy technology to hundreds of low- to moderate-income Connecticut households.
Stonehenge Growth Capital, a subsidiary of Stonehenge Capital Company, made the USD5 million investment through the Invest CT program. Solar panels installed by PosiGen have already reduced the energy cost burden faced by over 10,000 families across four states, including Connecticut, New York, Louisiana and Florida. Stonehenge’s investment will allow PosiGen to provide an additional 750 rooftop solar panel systems to further reduce Connecticut households’ energy costs.
Twin Brook Capital Partners (Twin Brook), the middle-market direct lending subsidiary of Angelo, Gordon & Co, has appointed Timothy Schifer, former Director of Portfolio Management at Madison Capital Funding, as a Managing Director focused on underwriting and portfolio management.
Twin Brook also announced that Vishal Sheth, former Director on Angelo, Gordon’s finance and accounting team, has been appointed Chief Financial Officer. Messrs. Schifer and Sheth are based in Chicago.
“Tim is a well-respected industry executive with significant expertise underwriting and managing middle-market loan transactions. Having previously worked closely with Tim for more than a decade, we have witnessed first-hand
EmergeVest, an international private investment firm, has completed the first inaugural exit from its debut fund, EmergeVest Fund LP.
In connection with the successful merger of its portfolio company, JD United Holdings Limited (JDU), with Taiwan-listed Roo Hsing Co, EmergeVest completely exited its investment in JDU, generating more than two-times invested capital and an IRR above 25. Consideration for the transaction is not being disclosed.
Headquartered in Changzhou, Jiangsu, China, JDU has 25 manufacturing facilities across Asia and Africa, producing apparel for leading international brands and retailers, such as Levi Strauss, Gap, Fast Retailing, Primark and C&A. The merger
Cloudreach, a company majority owned by Blackstone Tactical Opportunities, has acquired professional services firm Emerging Technology Advisors (ETA). Terms of the transaction have not been disclosed.
Cloudreach currently has significant presence in both Europe and North America and serves some of the world’s largest organisations including BP, Hearst Corporation and Volkswagen Financial Services. Following Cloudreach’s acquisition by Blackstone back in February, their joint ambition was to become the leading global software-enabled cloud services provider. Priorities were to invest in software-enablement, application development capabilities and geographic expansion. Last week’s merger with Cloudamize is followed by this acquisition of ETA, which is
One Equity Partners’ portfolio company, All Metro Health Care (All Metro), has completed the acquisition of Independence Healthcare Corp, a provider of non-medical home healthcare services. Terms of the private transaction have not been disclosed.
Headquartered in Worcester, Massachusetts, Independence’s caregiver employees provide a range of homecare services including meal preparation, assistance with personal care, companion care, and transportation to seniors. Independence has provided high quality care giving, improved quality of life and assistance services to an ageing population in Central Massachusetts since its founding in 2003.
“We are excited to welcome Independence to the All Metro family,” says
Guernsey is marking a decade of its presence in China with an anniversary event in Shanghai on 21 September.
Since opening a representative office in Shanghai in 2007, led by Guernsey Finance’s China Representative Wendy Weng, Guernsey has taken significant steps to demonstrate its commitment to the Chinese market, raise the island’s profile in the region and put the building blocks in place to ensure business flows.
These include several high-profile delegations from the region visiting the island, approval for Guernsey-incorporated companies to list on the Hong Kong Stock Exchange and the development of strong ties with the Shanghai
Sky9 Capital, a China venture capital firm, has added KS Chay, Dr Kok Peng Teh, Bob Xu, and Jason Zeng to its advisory board to provide strategic advice and foster long-term partnerships.
Chay is Founder and Chairman of Enspire Capital, and previously he co-founded Singapore’s first Nasdaq-listed technology company, Creative Technology Ltd (SGX:C76). Teh is currently Senior Advisor and Board Member for China International Capital Corporation, and he was President of Government of Singapore Special Investments (GIC) for over a decade until 2011. Xu co-founded New Oriental Education & Technology Group (NYSE:EDU), the largest provider of private education in China,
By George Ralph (pictured), RFA – If you hadn’t already got enough on the agenda for this year, MiFID II – Markets in Financial Instruments Directive II – and its accompanying regulation, Markets in Financial Instruments Regulation (MiFIR) are looming ever closer to their full implementation date of 3rd January 2018. That’s 23 weeks away. I don’t need to tell you that it’s not long at all.
So what do firms need to do? The main changes include:
Pre-trade, the main changes relate to increased transparency, with firms being required to report off-venue Actionable Indications of Interest and executed prices,
ArchOver has provided the first multi-channel peer-to-peer (P2P) business loan allowing TLM Technologies to borrow against current and outstanding invoices.
The loan uses two flagship funding models: Secured & Insured and Secured & Assigned. ArchOver launched this new joint model in February 2017, enabling high-growth companies to raise funds against their accounts receivable and contracted revenue.
In May 2017, an initial GBP1.1 million, split between two loans, was funded over the ArchOver platform. The first enabled TLM to exit their invoice discounting facility by providing GBP600,000 as a 12-month Secured & Insured loan secured against its accounts receivable. The
Middle-market private equity firm Wynnchurch Capital has completed the sale of Senco Holdings (Senco) to Kyocera Corporation (KYO), a supplier of cutting tools, industrial ceramics, electronic components, printers, copiers, solar power generating systems, mobile phones and semiconductor packages.
Headquartered in Cincinnati, Ohio, Senco is a designer, manufacturer and marketer of branded fastening tools and collated staples, nails and screws. For over 60 years, the Senco brand has been recognised around the world as one of the leading names in residential construction and industrial manufacturing. Wynnchurch acquired Senco in July of 2009.
Frank Hayes, Co-Managing Partner at Wynnchurch, says: “Senco
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