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ThoughtRiver, a developer of contract intelligence AI software, has raised more than USD1 million from a group of investors, including former Vodafone UK CEO Guy Laurence and Michael Findlay, chairman of Morgan Sindall and former co-head of investment banking for Bank of America Merrill Lynch.
The funding round, which was also listed on SyndicateRoom, an online equity investing platform, and promoted by Cambridge Capital Group, was oversubscribed within 11 days.
Founded in 2013 by Tim Pullan, ThoughtRiver has developed software that uses AI to scan and interpret information in written contracts. It produces visuals of the potential risks in
Law firm Howard Kennedy has acted for the founders and shareholders of Solopress on its sale to German print giant Onlineprinters, which completed on 2 May 2017.
Solopress, founded in 1999, is one of the UK’s largest fast-turnaround online print companies, providing a wide range of business printed materials, including business cards, leaflets, brochures, posters and banners.
In 2016 the business fulfilled more than 300,000 orders and in October 2016 hit its one million order mark.
Onlineprinters, based in Germany, is one of a portfolio of companies held by the German family office and private equity investor Bregal
Flex Logix Technologies, a supplier of embedded FPGA IP and software, has secured USD5 million in a Series B equity financing.
Led by existing investors Lux Capital and Eclipse Ventures, with participation from the Tate Family Trust, this new round of funding will enable Flex Logix to expand its sales, applications and engineering teams to meet the growing customer demand for its embedded FPGA platform in a variety of applications such as networking, government, data centres and deep learning.
"We believe that Flex Logix's embedded FPGA has the potential to be as pervasive as ARM's embedded processors have become
Falcon Computing Solutions, a provider of acceleration technology and solutions for big-data applications, has closed a USD8 million financing round led by Intel Capital.
Joining Intel Capital are all previous investors including Baidu Ventures and Clear Ventures, as well as SV Tech Ventures and Sierra Ventures.
Falcon will use the investment to continue building a team to productize its acceleration technology and build best-in-class solutions across multiple vertical markets. In addition to its existing offices in Los Angeles and Beijing, the company also recently opened new headquarters in Santa Clara, CA as it continues to grow. The investment brings the total
CVC Credit Partners’ US middle market private debt business acted as administrative agent on a first lien senior secured debt facility provided to Wastewater Specialities (WWS).
The proceeds were used to refinance existing debt and support future growth through equipment purchases.
Headquartered in Lake Charles, Louisiana and employing over 300 people, WWS is a provider of industrial and specialty cleaning services to over 500 industrial, marine, oilfield and commercial customers. The company was acquired in December 2014 by Polus Capital and management.
David Rous, managing director in CVC Credit Partners’ private debt business, says: “We are delighted to
The Business Development Bank of Canada (BDC) and MaRS Investment Accelerator Fund (IAF), a seed-stage investor funded by the Province of Ontario and managed by MaRS, have held the first closing of StandUp Ventures Fund I.
BDC Capital, the investment arm of BDC, has contributed CAD5 million to the new fund; other investors are being sought.
"I am delighted to see this new fund take flight and I am optimistic that other corporate investors will follow BDC's lead in this regard," says Jérôme Nycz, executive vice president of BDC Capital.
BDC announced that it would create the fund in November
First Global Data has partnered with The Money Cloud (TMC) to add global foreign exchange (FX) comparison and purchasing services to its offering.
TMC considers itself the "Trivago of FX", currently providing FX comparisons between companies. TMC will integrate to First Global's mobile wallet to provide foreign exchange services to 140 countries.
TMC will also promote First Global's mobile wallet and payment services to TMC clients across Europe.
Foreign exchange is by volume the largest market in the world. According to the Bank for International Settlements, deliverable foreign exchange is in the region of USD177 trillion per annum (2015).
The life of the Chief Compliance Officer is not getting any easier with respect to the many regulatory and compliance demands placed on today’s alternative fund management community.
Dealing with diverse issues ranging from tax compliance (in the form of FATCA and Common Reporting Standards) to cybersecurity developments and upcoming regulation in Europe including MiFID II and the General Data Protection Regulation, as well as orchestrating the investor onboarding experience and ongoing compliance commitments, is enough to keep any CCO awake at night.
However, a practical approach that combines technology with effective communication with the appropriate people can lead to
Private equity deal volume in Q1 2017 rose by 3.6 per cent to 348 from 336, while the combined value of European private equity backed deals fell to EUR27.5 billion from EUR39.3 billion, according to the Q1 2017 Private Equity Barometer, published by unquote” in association with SL Capital Partners.
The average deal value in Q1 2017 (EUR79.1 million) was down 32 per cent on Q4 2016 (EUR117.1 million), while deal volume was the highest since Q3 2016 while deal value was the lowest since Q3 2016.
The value of buyouts fell 40 per cent from EUR36.3 billion in
bfinance, an independently owned investment consultancy, has appointed Anish Butani to strengthen infrastructure coverage in the private markets team.
Butani (pictured) joins from KPMG Corporate Finance, where he gained over 8 years’ experience as a senior member of the infrastructure corporate finance team based in London, advising investors on M&A transactions and valuations.
During his time at KPMG, Butani advised on transactions involving over GBP3 billion worth of assets, with a specific focus on secondary market M&A in the UK PFI and PPP sector. In addition, Butani provided valuation advice to a number of leading global infrastructure fund managers,
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