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Snowflake Computing, a data warehouse built for the cloud, has closed USD100 million in growth funding led by ICONIQ Capital and accompanied by Madrona Venture Group.
Snowflake's Series D round also includes all of Snowflake's existing funding partners: Altimeter Capital, Redpoint Ventures, Sutter Hill Ventures and Wing Ventures.
Since its founding in 2012, Snowflake has raised a total of USD205 million in funding.
The funding will help Snowflake execute new and existing strategies, including: expanding current operations across the US and UK, and establishing Snowflake operations across other EU nations and Asia Pacific; growing Snowflake's engineering team, with
Ipes, a provider of outsourced services to private equity firms in Europe, is providing administration services to HgCapital and has supported its recent close of the HgCapital 8 Fund and, separately, a first and final close on The Mercury 2 Fund.
Both closing are at their respective hard capitalisations raising a total of GBP3.1 billion.
Both funds were significantly oversubscribed and received strong support from existing investors.
HgCapital is currently partnering in 30 investments across the larger buyout and Mercury funds, with examples including Visma, IRIS, JLA, Sovos Compliance and CogitalGroup.
Barry McClay, Ipes head of fund
Alternative credit investment company Crescent Capital Group has appointed Kenneth McRay and Glynell Bradley as senior vice presidents in investor relations.
McRay will focus on expanding the firm’s business development efforts across institutional investors, and Bradley will further enhance Crescent Capital’s relationships with consultants and gatekeepers.
McRay brings more than 20 years of experience in the financial industry. He joins Crescent Capital from Pinebridge Investments where he was a senior vice president in institutional sales and marketing. Prior to that, he was vice president at Deutsche Bank and also served at Rogerscasey and Ernst & Young.
Bradley has
Atos, a group of specialist orthopaedic clinics, is moving ahead with its growth and expansion strategy announced last summer by taking over OrthoParc clinic in Cologne.
This new acquisition, plus the acquisition of StarMed clinic in Munich in December 2016, increases its total number of clinic beds by more than 20 per cent.
Atos and OrthoParc have agreed not to disclose financial details of the transaction.
“OrthoParc allows us to expand our regional presence in North Rhine-Westphalia,” says Martin von Hummel, managing director of Atos. “We’re adding to our existing network by partnering with clinics which share Atos’
Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a USD50 million unitranche credit facility to support the acquisition of Viteos Fund Services by private equity sponsor Public Pension Capital, together with FiveW Capital and Viteos management.
The Viteos management team will continue to lead the company.
Founded in 2003 and based in Somerset, New Jersey, Viteos provides customised straight-through-processing and integrates post-trade operations for the investment management industry in the US, Europe and Asia.
The company provides shadow-accounting services and a full range of middle- and back-office outsourcing through its 500+
Medical Imaging Partnership (MIP), a diagnostic imaging provider, has completed the acquisition of the MRI business and the transfer of staff of Nuada Medical, based at 45 Queen Anne Street in London, for an undisclosed sum.
MIP has assumed the lease for 45 Queen Anne Street and plans to build on the established reputation of the imaging services established by Nuada at the facility, relying on the 3T MRI scanner installed at the site.
It will continue to serve a range of complex imaging needs, particularly in multiparametric prostate scanning, neurological, and musculoskeletal imaging, and plans to expand the
Alternative asset management firm Constitution Capital has added Steven Shekane and Jonathan Williams to its credit team.
“We are very pleased to have Steve and John joining our team,” says Daniel M Cahill, managing partner of Constitution Capital. “Our people and culture are what drive our success. Steve and John each bring a combination of experience, intellectual curiosity and a passion for the middle market. These quality attributes sit at the heart of our firm’s foundation and success.”
Shekane joins Constitution Capital as a managing director and brings over 16 years of industry experience, having most recently worked as
83North has closed an oversubscribed new venture capital fund at USD250 million.
The fourth raised in 11 years, 83North IV brings total capital under management to USD800 million.
The new fund will be deployed in the best consumer and enterprise technology companies led by aspiring European and Israeli entrepreneurs.
83North has a five-strong team of investing partners who have worked with the region’s most ambitious founders to create market-leading technology businesses. Laurel Bowden, Arnon Dinur, Gil Goren, Erez Ofer and Yoram Snir have backed more than 40 companies including Just Eat, Telit, Hybris (acquired by SAP), ScaleIO (acquired
International law firm Hogan Lovells is adding M&A partners Richard Climan, Keith Flaum and Jane Ross, and IP and technology transactions partner John Brockland to its global corporate team.
Climan and Flaum will join the global leadership teams within Hogan Lovells’ corporate practice.
Climan, Flaum, Ross and Brockland have worked together for nearly 20 years. Over that period, the team has handled some of the most significant transactions in the technology and life sciences sectors, having worked with companies such as Adobe, Ant Financial, Applied Materials, eBay, Facebook, Gilead Sciences, Intel, Jazz Pharmaceuticals, Oracle, Qorvo and Synopsys.
The
The Local Pensions Partnership (LPP) has launched its new private equity (PE) structure, coinciding with its first full year of operation, having received its FCA accreditation in April 2016.
The new structure brings the GBP1.8 billion PE assets of its two shareholder funds, the London Pensions Fund Authority and Lancashire County Pension Fund under the management of LPP Investments (LPPI), a fully-owned subsidiary of LPP.
It also sets up LPPI to act as a full-fledged, FCA-authorised investment manager that can now be appointed directly by other funds to manage private equity investments.
LPP’s PE strategy seeks to achieve
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