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ACON Investments has held the final closing of ACON Equity Partners IV (AEP IV) with commitments of approximately USD1.07 billion, the fund’s hard cap.
The fund represents ACON’s fourth US investment fund targeting mid-market control investments primarily in US businesses.
AEP IV was significantly oversubscribed in relation to its target commitments of USD850 million with substantial re-commitments from existing ACON investors as well as several new limited partners.
The fund’s investors include public and private pensions, sovereign wealth funds, insurance companies and other institutional investors from North America, Asia, and Europe.
The fund has already closed
DoFinance has become the first European-based peer-to-peer (P2P) lending platform to open a customer centre in Indonesia.
Coming a month after the launch of its platform for investors in Europe, DoFinance is now available to investors in Indonesia, Singapore, Vietnam, Thailand, Malaysia, South Korea and India.
“The financial market in Asia is rapidly growing, and becoming increasingly stable. As a result, there is a continuous demand for new FinTech solutions. Due to the large population and conservative banking industry, Asia is an attractive destination for financial technologies. People in Asia are looking for safe investment opportunities, and they
Carlton James Group, a private investment group specialising in diversified portfolios, has launched the Carlton James Diversified Alpha Fund, a regulated mutual fund listed on the Cayman Islands Stock Exchange (CSX).
The fund is led by chairman Anthony “Tony” Moore who has more than 40 years’ experience in the global financial services industry and has transacted business in 20-plus countries; CEO Simon Calton, who has led The Carlton James Group for several years; Ryan Whitefield, who possesses over two decades’ experience working in real estate development and construction; and Dr Umair Mehmood, a renowned precognition strategist who has advised
Innova Capital, a CEE private equity fund, is to acquire almost 75 per cent in the Polish seating manufacturer Profim.
The transaction is expected to close in Q2 2017, after clearance by the Office of Competition and Consumer Protection (UOKiK). The parties have not disclosed the value of the transaction.
Two of the founders of Profim, including its CEO Ryszard Rychlik, will continue as shareholders.
It is the 10th such founder succession transaction executed by Innova Capital in recent years. A similar model of cooperation was deployed by the fund in other investments, including Dom Finansowy QS,
YOPA, the hybrid estate agency, has raised GBP15 million in a Series B round of funding, led by Daily Mail and General Trust (DMGT).
The round included funding from Grosvenor Hill Ventures, the proprietary investment arm of Savills.
YOPA operates a network of 75 local estate agents across the UK and plans to double this number by the end of 2017. The company’s hybrid model enables customers to sell their property for a fixed fee of GBP839 with the use of its online platform. Industry experts predict that online and hybrid estate agents could handle up to 50
Thomson Reuters has launched the SIA Bookbuilding application on its flagship desktop platform Eikon, offering sell-side professionals a new fully integrated application for the IPO syndication and distribution process.
SIA Bookbuilding is available through App Studio, Eikon’s third-party development platform.
With SIA Bookbuilding, developed by SIA, investment banks can directly manage deals such as initial public offerings, follow-ons and convertible bonds by exploiting simultaneously Thomson Reuters investor ownership data, league tables, news, and a wealth of research and analytics.
The availability of both financial data and execution functionality on one platform creates an effective integrated transaction workflow
Private equity house Key Capital Partners (KCP) has acquired a majority stake in Plymouth-based Construction Materials Online (CMO) which operates retail sites supplying DIY builders and small building contractors.
KCP has backed the MBO of the GBP25 million revenue firm, which employs 40 staff and has grown sales through its RoofingSuperstore.co.uk, DrainageSuperstore.co.uk and InsulationSuperstore.co.uk websites by 55 per cent in the last 12 months.
The investment, led by Mike Fell, Philip Duquenoy and James Excell of KCP’s London team, is the second from KCP’s new fund and marks its 16th investment since the private equity firm launched in
Aptean, a provider of enterprise software solutions to more than 6,500 customers world-wide, has acquired Apprise, a provider of enterprise resource planning (ERP) and supply chain management (SCM) solutions for importers and distributors of consumer goods.
Apprise provides cloud and on-premise ERP and SCM software solutions for financial management, CRM, distribution, demand planning, and warehouse and transportation logistics management capabilities.
“Apprise has built a comprehensive set of industry-focused enterprise software solutions and a reputation for great customer service and experience,” says Kim Eaton, Aptean CEO. “We look forward to working with the Apprise team to build on their
Actis’ newly created wind platform Echoenergia has acquired 100 per cent of two operating wind farms in the north east of Brazil, from Brazilian premier wind developer Casa dos Ventos.
The two wind farms, with contracted 20-year PPAs, total 346MW. Tiangua, located in Ceara state, has an installed capacity of 130MW and Sao Clemente, located in Pernambuco state, has 216MW.
The acquisitions are seed assets for Echoenergia, the fifth such energy platform that Actis has built in Latin America.
Michael Till, co-head of Actis Energy, says: “This is an important building block that underpins Actis’ focused strategy
L Squared Capital Partners, together with Longview Asset Management, has partnered with Oracle management to recapitalise the company.
Financial terms of the transaction have not been disclosed.
Oracle represents L Squared’s sixth platform investment over the last three years. Founded in 2004 with 22 branch locations across 13 states, Oracle is the largest independent provider of elevator maintenance, repair, and modernisation services across all major brands of equipment. L Squared’s investment provides a long-term capital base to support the company’s national expansion strategy through both de novo branches and acquisitions.
“Oracle is pleased to partner with the
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