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Smart bike-sharing company Mobike has raised over USD600 million in a new round of financing led by existing investor Tencent, plus Sequoia, TPG, and Hillhouse Capital, among others.
New investors in this round included leading banks BOCOM International, ICBC International, and global institutional asset management firm Farallon Capital. China Renaissance acted as the exclusive financial advisor to Mobike.
Davis Wang, CEO and Co-founder of Mobike, says: “Mobike is the global leader in smart bike-sharing and through our relentless commitment to innovation we offer the world’s most advanced and user-friendly bike-sharing platform. We are pleased to secure the continued support
eQ Asset Management (eQ) has raised over USD100 million for eQ PE IX US, the firm’s second private equity offering focused investing in North America. The final closing was held on 14 June 2017.
eQ’s dirst PE fund – Q PE VII US – was founded in 2015 with USD80 million of committed capital.
In line with its predecessor, eQ PE IX US will invest in North American private equity funds with a strategy to make equity capital investments in small and midsize unlisted companies in The United States and Canada. The portfolio will consist of approximately ten funds
Just a decade ago, the cyber threat landscape was far less pronounced, but thanks to significant advances in IT, mobile technology and digital platforms, the threat of cybercrime has grown exponentially and poses risks across the global industry and for national critical infrastructure (power stations, hospitals, dams, financial services).
As managers in the financial services industry increasingly adopt digital technologies, they increase the number of attack surfaces and weakness points within their networks. As a fund manager introduces a new counterparty into their network, the exact increase in risk is unknown but it may likely be substantial.
“Unless you are
Anisha Malhotra has joined GPB Capital as a Managing Director and Head of Capital Markets. Malhotra is a member of GPB Capital’s Accounting and Finance Team, and is responsible for handling all debt financing needs across the firm’s portfolio of operating companies.
“We remain committed to enhancing operations, collaboration, and engagement throughout our organisation as we continue to grow,” says David Gentile, Founder and CEO of GPB Capital. “Anisha’s wide range of debt financing expertise will help us place our income-producing, middle-market operating companies in a stronger position to achieve their long-term goals. Her insights also enable us and our
Private Equity investment firm Golden Gate Capital (GGC) has acquired Express Oil Change & Tire Engineers (Express Oil) from Carousel Capital.
Express Oil will remain headquartered in Birmingham, Alabama and will continue to be led by its current management team, including Chief Executive Officer Ricky Brooks. Express Oil’s management and Carousel Capital will remain shareholders of the Company. Financial terms of the transaction were not disclosed.
Founded in 1979, Express Oil is one of the largest independent automotive service platforms in the United States, with approximately 300 company-owned and franchise locations across 15 states. Express Oil pioneered a unique
Antares Capital is serving as administrative agent and sole lead arranger on a senior secured credit facility to support the acquisition of SmartBear Software (SmartBear) by Francisco Partners.
Founded in 1999 and headquartered in Somerville, MA, SmartBear is a global leader in software quality tools for teams. With over 22,000 customers, SmartBear is integral in helping software developers and testers create the highest quality software applications.
“Antares’ software knowledge and flexibility were key during this transaction,” says Brian Decker, principal at Francisco Partners. “We appreciate working with a team that understands our investment philosophy, and has a history of
Dave Famolari has been named managing director for Hearst Ventures. He will report to Scott English, Hearst Ventures senior managing director and head of US investments.
Famolari comes to Hearst from Verizon, where he served as a director of the ventures arm of the company since 2013. During his time at Verizon Ventures, Famolari oversaw investment portfolio expansion across industries, technologies and market sectors, including investments in Beamr, FanDuel, Playsight, PrecisionHawk, Skyward and Swiftmile.
“Dave brings a wealth of experience to the Hearst Ventures team,” says English. “As we continue to grow and diversify our investment portfolio, we’ll benefit
Research Affiliates has launched a new version of Asset Allocation Interactive, an online investor tool that provides investment information and expected return data across more than 130 assets.
The site features newly added alternative asset classes including real estate, hedge funds, and private equity. The site also includes 11 model portfolios – encompassing expected and historical returns and risk, tracking error, CAPE ratios, inflation expectations, yield curves, GDP growth rates, commodity term structures, and more.
Acknowledging the popularity of the tool outside the United States, results are now available in four additional major currencies: euro, British pound, Japanese yen,
European mid-market private equity investor Equistone Partners Europe has invested in Willerby, the UK’s leading manufacturer of static holiday homes.
Equistone has acquired a majority stake in the Company from Caird Capital. Financial terms of the investment are undisclosed, but CVC Credit’s European Private Debt Business provided a term debt facility to Equistone to support its investment in Willerby.
Founded in 1946, Willerby has established itself within the UK holiday home market as a brand associated with premium quality, technical innovation, and breadth of offering. From its two recently expanded production sites in Hull employing circa 900 people, Willerby
HIG Capital (HIG), a leading global private equity and alternative asset firm with over USD21 billion of equity capital under management, is pleased to announce that one of its affiliates led a strategic investment in Trace3, Inc.
Headquartered in Irvine, CA, Trace3 is a leading digital transformation and IT solutions provider to medium- and large-sized enterprise clients. Since its founding in 2002, the Company has established a regional market-leading position in the technology solutions provider space with significant expertise in areas such as Cloud, Security, Data Intelligence, DevOps, Data Center solutions, etc. Trace3 employs over 250 engineers with deep domain
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