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ArchOver, a peer-to-peer (P2P) business lending platform, has been awarded membership of the Asset-Based Finance Association (ABFA), the trade body for invoice finance and asset-based lending.
Coming shortly after it received full FCA approvals last month, ArchOver’s inclusion as part of the ABFA reinforces its reputation as one of the young P2P sector’s most security-focused and well-established players.
The ABFA represents over 95 per cent of the UK and Irish asset-based finance market, working to set and maintain ethical standards within the industry. ArchOver’s Secured & Insured and Secured & Assigned lending models make it a natural fit for
Aproplan has closed a series A funding round of EUR5 million, led by Fortino Capital and existing investors including Inventures, Matexi, and the co-founders of Showpad Pieterjan Bouten, Louis Jonckheere, and Peter Minne.
Aproplan’s is aiming to take the pen and paper out of the hands of construction professionals and replaces it with tablets and smartphones, creating a shared environment that construction teams can trust. The investment is a testimony to how quickly the construction technology sector is growing in Europe, helping digitise an industry that has been historically slow-moving.
Aproplan announces the closing of its series A funding round
Beechbrook Capital, a specialist direct lender, has completed two more investments for its UK SME Credit I fund, taking the total invested since its first close in January 2016 to GBP77 million in 10 companies.
The fund, which finances non-private equity-backed UK SMEs, has provided unitranche debt to support the management buyout of Nu-Heat, a leading UK supplier of underfloor heating products, from its founders. The lead equity investor is Bestport Capital, which primarily invests funds from family offices and high net worth individuals. Nu-Heat’s management team, supported by Bestport, has ambitious plans both to accelerate new product development and
Hilltop Private Capital (Hilltop), in partnership with KCB Private Equity (KCB) has acquired Spiral Binding (Spiral), a manufacturer and global distributor of a diverse line of print finishing, graphic arts, and presentation equipment, supplies and services, including binding, laminating, paper handling, photo finishing and custom imprint services.
Spiral was founded in 1932, is headquartered in Totowa, NJ and operates six distribution centres nationwide. The existing shareholders of Spiral will remain as substantial investors in the Company and will continue to manage the business. Debt capital was provided by TCF Funding and QS Strategies. Other terms of the transaction were not
Pension asset manager APG’s Senior Responsible Investment and Governance Specialist, Marta Jankovic, has been confirmed as the new Chair of Invest Europe, the association representing European private equity, venture capital and their global investors.
Last year, European private equity fundraising for investment into companies across Europe hit its highest level since 2008 last year at EUR74 billion, according to Invest Europe data released in May. Pension funds accounted for over a third of the capital raised.
Marta Jankovic succeeds Dr Gerry Murphy, Senior Managing Director and Chairman of Blackstone Europe, as Chair of the association and the role is effective immediately. Jankovic
Brentwood Associates has appointed Craig Milius as Managing Director. A veteran investor with nearly two decades of experience in growth private equity, his investment and transaction experience covers a diverse group of business and information services industries.
Milius formerly served as a General Partner at Austin Ventures (AV), a growth-focused private equity firm with USD3.9 billion assets under management, where he spent 11 years helping launch and build its Growth Equity practice, in addition to serving on its Investment and Operating Committees. During his tenure at AV, Milius pursued growth equity and buyout investments by partnering with exceptional founders and
Tages Capital SGR has held the final closing of Tages Helios Investment Fund (Tages Helios) with committed capital of EUR253 million.
Tages Helios is a renewable energy investment fund focused exclusively on the Italian solar infrastructure sector and represents one of the largest fundraisings dedicated to the sector.
Tages Helios has attracted interest from institutional investors who were typically enticed by the value and quality of the assets already acquired. Furthermore, the manager’s existing capability to increase target portfolio returns to an IRR in excess of 8 per cent, has added to the appeal. The final investor base breakdown
Sanne has appointed Sean Murray as its new head of fund services for the EMEA region.
Based in Sanne’s Luxembourg office, Murray will take responsibility for the development of the company’s fund services offering, working with all of the Alternative Asset product area divisions in which Sanne specialise. Murray has joined the firm from Orangefield in Luxembourg, where he was managing director and a member of the global alternative investments management board. He also sat on the board and management team of Vistra Luxembourg after Orangefield began a merger with Vistra Group in June 2016.
Martin Schnaier, Sanne’s managing director
Cowen has added to its Investment Banking Tea, with the appointment of David M V Barnes as a Managing Director in the Financial Sponsor Coverage Group.
Barnes is based in Cowen’s San Francisco office and is responsible for developing and maintaining long-term relationships with middle market and mid-cap private equity firms. Barnes comes to Cowen with a deep understanding of the private equity community and vast industry-specific knowledge that will further enhance Cowen’s comprehensive debt, equity capital market and mergers and acquisitions expertise.
“I am thrilled that David has joined Cowen’s Sponsor Coverage team as his impressive background and
An affiliate of private equity firm Gemspring Capital has acquired the assets of Therma Corporation, a full-service design-build specialty mechanical contractor that focuses on complex HVAC, high purity process piping and process controls for cleanrooms, laboratories and high-tech manufacturing facilities.
Therma was founded in 1967 by Joe Parisi, the CEO, and Nicki Parisi, the CFO, and has grown to become one of the largest mechanical contractors in the United States and a leader in the Silicon Valley market. Within the approximately USD300 billion market for mechanical, electrical and plumbing services, Therma focuses on engineering, building information modelling, energy modelling, design-build,
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