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Concurrent, a specialist in storage, protection, transformation and delivery of visual assets, has sold the European operations portion of its real-time business segment to technology-focused investment firm Battery Ventures.
The completion of the sale followed approval of the transaction by the French Ministry of the Economy.
Concurrent received the USD2.8 million that was being held pending approval from the French Ministry of the Economy and was part of the transaction’s total gross proceeds of USD35 million.
Lithium Technologies, a specialist in cloud-based social media management and online community solutions, is to be acquired by private equity firm Vista Equity Partners.
Lithium’s board of directors has unanimously approved the transaction, although terms have not disclosed.
“This marks a new chapter for Lithium, and the next step in creating the leading Digital Customer Experience company,” says Rob Tarkoff, president and CEO of Lithium. “Our vision of helping brands build amazing digital customer experience at scale remains the same, and we will continue to develop the leading engagement platform to provide more value to our customers. This
Mergers and acquisitions adviser Generational Equity has sold its client Imperial Packaging to Seaboard Folding Box Company, a platform company of private equity firm Charter Oak Equity.
Imperial Packaging, based in Pawtucket, Rhode Island, produces folding cartons, packers, tags and inserts, and headers utilising conventional offset and UV-curable inks and coatings.
The company also offers hot stamping, window patching, and sheet-to sheet laminating for a diverse mix of value-added options including structural CAD design, inventory management and other ancillary services.
“We are motivated to join the Seaboard platform and make this forward expansion of services and technology
Audax Private Equity has completed the sale of Rough Country to private equity firm Gridiron Capital.
Rough Country is a customer-focused provider of suspension lift kits to the off-road SUV and truck market.
Rough Country also offers a full set of off-road products, including shocks, stabilisers, lights, fender flares, and other accessories.
Geoffrey S Rehnert, co-chief executive officer, Audax Group, says: “Rough Country is a leading supplier of suspension systems to the fragmented SUV and truck enthusiast market. The Rough Country team has demonstrated tremendous success in growing the business, and we wish both the management team
Hawksmoor Partners, the London-based specialist in structuring and project management solutions for asset managers and fast-growing companies, has established its first overseas presence in Estonia to work with new clients in the technology sector in the Baltic region and Finland.
Founded in 2013, Hawksmoor Partners has specialised in the provision of support services for small and innovative businesses that are seeking to aggressively disrupt the markets they enter. This has included asset management, agriculture, logistics, envirotech, social media and alternative lending businesses, among many others.
Stuart Fieldhouse, director of Hawksmoor Partners, says: “Despite the Brexit vote, small companies
Business advisory firm FRP Advisory has strengthened its UK operation with the promotions to director of Emily Ball and Yasmin Bikha, both based in the Leicester and Nottingham offices.
Ball and Bikha are experienced restructuring advisers with broad connections across the East Midlands and both are licensed insolvency practitioners and qualified accountants.
Both are promoted from senior manager to director after each completing six years at FRP Advisory’s Leicester office.
The promotions bring to six the number of partners and directors across FRP Advisory in the East Midlands offices of Leicester and Nottingham, and to 10 within the Midlands region including Birmingham.
Global independent fund administrator Apex Fund Services has become the first administrator to receive in principle approval from the ADGM to carry out regulated activity in the jurisdiction.
Under the in principle approval, the grant of financial services permission to act as the administrator of a collective investment fund in the ADGM is subject to final regulatory review of certain pre-conditions being fulfilled.
Having recently acquired Equinoxe Alternative Investment Services, with the backing of Genstar Capital, Apex has stepped up to be ranked one of the world’s top 15 largest fund administrators. The group was founded in 2003
Alternative lender Growth Street has revealed that 37.4 per cent of its investors are under the age of 35, contradicting public figures who have chastised millennials for not thinking about saving and investment.
Growth Street’s news follows comments made by property mogul Tim Gurner earlier this month. In an interview, Gurner asserted that spending too much on avocados has contributed to lower levels of homeownership among millennial consumers.
Last year, the FT asserted that “20-somethings feel financially doomed so do not save”.
Simple digital interfaces and investing products offered by alternative lenders like Growth Street are aimed
Crowdfunding platform, Seedrs, is to join other alternative finance firms as the sole equity finance provider in partnership with a new NatWest programme for British SMEs called Capital Connections.
Capital Connections offers NatWest’s business and commercial customers introductions via their relationship managers to a handful of alternative funding solutions available in the UK. The panel signposts business customers to innovative sources of finance including equity crowdfunding and marketplace lenders. There is no commission paid as a result of any referrals, ensuring maximum transparency and no conflict of interest.
NatWest has selected Seedrs as the only equity based finance provider due,
Panaseer, a cyber security data analytics company, has raised USD3.25 million in further funding from existing investors Albion Ventures, Notion Capital and Winton Ventures and new investors Paladin Capital Group and Evolution Equity Partners.
The new raise brings total investment into Panaseer to USD5.6 million.
Panaseer offers a big data analytics software platform designed to automate identification, measurement, communication, and mitigation of cyber risk. The Panaseer Security Data Lake gives data-driven CISOs the continuous visibility and automated reporting capability they need to seamlessly optimise cyber hygiene across their environments and rapidly answer cyber risk questions from executives and
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