Latest News
TOM Vehicle Rental (TOM), a business-to-business flexible vehicle hire provider backed by Equistone Partners Europe (Equistone), has acquired Transflex Vehicle Rental (Transflex) for an undisclosed sum.
The deal sees Transflex’s 3,500 cars and light commercial vehicles, four depots, and 80 employees join the larger TOM business, with Peter Abdale (Managing Director), Gary Henry (Sales Director), Nick Skillman (Operations Director), and Tina Lynas (Finance Director) from Transflex all joining the TOM executive management team. The combined business becomes the third-largest light commercial, flexible rental business by assets in the UK, with a rental fleet of over 16,000 cars, vans, trucks, and
Steadfast Alcentra Global Credit Fund, an unlisted closed-end fund advised by Steadfast Investment Adviser, an affiliate of Steadfast Companies, and sub-advised by Alcentra NY, a BNY Mellon investment boutique, has appointed Michael A Tamasco, CFA, as president.
Tamasco, who will also serve as president of Steadfast Investment Adviser, previously served as managing director of Optima Fund Management, one of the oldest hedge fund and multi-product alternative investment firms in the industry. He served as a member of the firm’s management committee and head of North American business development. Prior to Optima, Tamasco was co-head of Rothschild Asset Management US and
Associated Capital Group (AC) is to launch Gabelli Private Equity Partners (GPEP), a new private equity investment management business focused on leveraged buyouts and restructuring of small and mid-sized companies.
GPEP will be funded with up to USD150 million of the Company’s capital.
“GPEP is a logical extension of Gabelli’s investment platform based on our 40 year history of valuing companies on a private market value basis. As further background, in the mid-80’s, we launched a private equity fund, Gabelli-Rosenthal, which had in excess of USD300 million of capital (in today’s dollars).”
Doug Jamieson, CEO of the Company
Global law firm Greenberg Traurig has added two new private equity tax shareholders – Chang Choi in Northern Virginia, and Kevin Zaragoza in New York.
“This continues to be an exciting time for both the firm and our private equity and tax practices. The addition of specialists with the expertise, talent, and experience as Chang and Kevin possess is in keeping with our ongoing strategic growth and commitment to provide our clients with high-level, sophisticated, service in one place,” says Bruce I March, Co-Chair of Greenberg Traurig’s global Corporate Practice.
“Both Chang and Kevin are excellent additions to our
NRD Capital Management, an Atlanta-based private equity firm specialising in franchised and multi-unit business investments, has appointed John Teza as Director, supporting business development and portfolio company growth.
The addition of Teza, who has nearly two decades of experience leading and working with franchised and multi-unit restaurant brands, is part of NRD’s growth strategy coming out of their recently closed second fund, NRD Partners II. The second fund, which closed on July 11th, had total investor limited partner commitments of USD104 million, exceeding the fund’s target of USD100 million.
“After recently closing Fund II, bringing John on-board was the
A Canadian producer of healthy, gluten free and organic pasta, Chickapea Pasta, has secured an investment from District Ventures Capital, the Venture Capital fund established by Canadian Dragon’s Den star Arlene Dickinson.
Chickapea Pasta has revolutionised the pasta industry by developing a healthy and tasty alternative to the dinner-time-classic. Made from just two ingredients, chickpeas and lentil flour, Chickapea pastas are gluten free, non-GMO Project Verified, certified organic and vegan, and offer an amazing 23 g of protein.
The company’s line of healthy pastas has gained traction with independent, regional and national grocers across Canada and the United States. Chickapea Pasta, together with District Ventures Capital,
The ID Register, an online platform which makes the Know Your Client (KYC) process quicker, easier and more cost effective, passed its first birthday on 22 July.
Since its launch the platform has grown rapidly with more than 17,500 registered investors and 140 GPs including StepStone, Gilde, Adam Street Partners and TDR Capital. It is a revolution for the investor onboarding process in the private funds market and it is proving very popular in the US market.
Backed by leading fund administrator, Ipes, The ID Register was developed in response to the changing regulatory requirements for KYC. The UK
IGF, the leading commercial finance provider for SMEs, has delivered a total of GBP16.27 million to SMEs within the UK’s manufacturing sector over the past year.
Since its management buy in/buy out in 2016, IGF has financed a total of 12 manufacturing businesses nationwide across a variety of trades including insulation, piping, FMCG, steelworks, household textiles, and windows. The funding delivered ranges from a GBP50,000 invoice finance facility to a GBP5 million asset based lending facility, with IGF funding assets including stock and property.
John Onslow, CEO, Independent Growth Finance, says: “The UK’s manufacturing sector has historically been strong,
Suir Valley Ventures, the entrepreneur-led venture capital fund, which was launched in partnership with Shard Capital Partners in February 2017, has invested EUR750,000 into Wia, an Internet of Things (IoT) cloud platform.
In addition to Suir’s investment, Enterprise Ireland will be investing further funds into Wia, which is looking to establish its cloud platform as the enabling technology that powers the rapidly growing IoT market.
Wia’s ground-breaking IoT cloud platform enables developers to turn any type of sensing device into a secure, smart and useful application in a matter of minutes, generating considerable time and cost savings for teams
Ufenau Capital Partners, a privately owned Swiss Investor Group, has, in close collaboration with a highly experienced buy-in management team, invested in Desperado, a Mexican fast casual dining and bar operator in Switzerland.
With 200 employees, Desperado offers high quality Mexican food and drinks in an entertaining atmosphere.
The company operates its restaurants at high frequency locations, such as city centres, shopping malls and cinemas and focuses on life-style oriented guests between the age of 18 and 40. In addition to fresh Mexican food and cold drinks, Desperado restaurants provide their guests with a unique entertainment and leisure experience.
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