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Fengate Real Asset Investments has closed its new private equity fund, the LPF Equities Fund, with USD100 million in committed capital.
Its initial investment is in the Cricket Energy Group of Companies.
With the new private equity platform, Fengate will leverage strategic relationships developed through the firm's experience in the infrastructure and real estate sectors to identify businesses with strong fundamentals and attractive investment characteristics.
The new fund will target investments in mid-market, growth-oriented, operating businesses and strategic platforms across a targeted range of industry sectors in North America, in alignment with Fengate's approach and focus.
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In one of the largest investments in the legal tech industry to date, Casetext, which provides artificial intelligence (AI)-based legal research technology for lawyers, has closed on a USD12 million Series B funding round.
Canvas Ventures, a firm whose partners have previously invested in technology powerhouses Siri and Evernote, led the investment with participation from prior investors Union Square Ventures, 8VC, and Red Sea Ventures, among others.
Casetext officials say they will use the new funding to further develop the capabilities of its software platform, accelerate team growth, and expand the capabilities of CARA (its Case Analysis Research Assistant),
Aspinall Capital Partners and Perscitus have completed the joint acquisition of powder coating company Vertik-Al Limited.
Led by Jon Moulton’s family office, the transaction was facilitated by debt funding from Clydesdale and Yorkshire Bank.
Under the terms of the agreement Vertik-Al and its group companies have become subsidiaries of a newly formed holding company.
Following the transaction, Graham Brown has been appointed MD of the group, while Angus Mackie has taken on the role of group financial director. Wade and Mike Lock together with Richard Gibbs will continue as directors.
Steve Aspinall, CEO and founder of ACP, says:
The recently launched Rail Supply Growth Fund, managed by Finance Birmingham, has provided a funding package to Penso to fast track the company’s production of new composite doors for trains.
The funding package will help Penso to accelerate the innovation and production of their revolutionary composite design of a train door, a concept that they expect to see used on London Underground trains.
The accreditation that the design has achieved will pave the way for use on any rail network in the world.
Based in Coventry, Penso Group is a fast growing technology led business that predominantly provides
Private equity firm Golden Gate Capital has completed the acquisition of Cole-Parmer from private equity firm GTCR.
Founded in 1955, Cole-Parmer is a designer, manufacturer, and distributor of specialty lab equipment with particular expertise in fluid-handling, test and measurement, and electrochemistry.
The company sells its products and services to a diverse range of customers in the healthcare, biotech, pharmaceutical, environmental, and food industries, among others. The company offers a diverse range of product lines, including brands such as Masterflex, Ismatec, Oakton, and the Cole-Parmer private label, to an international network of laboratory managers and independent dealers.
Rajeev Amara,
Increasing regulatory pressures and technology demands are putting more pressure on private equity firms to outsource their administration services.
Traditionally, private equity funds have been self-administered, but this has begun to change in recent years.
According to Preqin, the number of private equity and real estate funds availing of third party administration services is estimated to be 30 per cent today and is set to increase to 45 per cent by 2018.
Centaur says a key driver behind this trend is that the administration of private equity funds requires focus and attention to detail. Increasingly, private equity administration
The European merger and acquisition (M&A) climate in 2016 was similar in value and volume to 2014, a good year, but not as frothy as 2015, according to the CMS European M&A Study 2017 from law firm CMS.
The study, which analyses more than 3,200 of the firm’s non-listed European public and private company deals, shows Q4 was the best quarter for 2016, with inbound deals into Europe exceeding the previous year by 36 per cent in value terms.
Asian investors remained highly interested in European targets. Overall in 2016, Europe saw more deals than any other region including
Social engineering schemes continue to grow in their sophistication, and phishing campaigns, in particular, are causing concern as they make their way to employee inboxes. These fraudulent email campaigns appear legitimate and take advantage of employees who are often too busy or simply unprepared to identify a scam (disclaimer: phishing is not specific to email; scams occur via phone & other communication methods also).
In either case, if the employee clicks a link, downloads an attachment or provides credentials or financial information to a hacker behind the scenes, it presents a gateway to potentially compromising and very serious scenarios.
And
Inbound merger and acquisition (M&A) investment into UK computer software companies has increased by 70 per cent over a two-year period, according to a report launched by Livingstone, an international mid-market M&A and debt advisory firm.
The report, The Acquirers – A Global Review, includes analysis of data from deals conducted between 2014 and 2016, across the UK, US, Europe, and Asia. The data comprises inbound deals and cross-sector investment across the business services, industrial, media and technology, consumer and pharmaceutical industries.
The findings show that inbound UK acquisitions of companies operating within the software market increased by 70
Private equity firm Warburg Pincus is to acquire a 35 per cent shareholding in Avaloq group, a fintech company specialising in banking solutions, from existing shareholders.
The transaction values Avaloq in excess of CHF1 billion. Detailed financial terms have not been disclosed.
Under the agreement, Warburg Pincus will partner with Swiss-based Avaloq to accelerate the company’s long-term growth and value creation strategy. Avaloq serves banks and wealth managers worldwide, having largely completed a transformation from a pure software company to an integrated service provider. The transaction allows the firm to rebalance its shareholding structure and bring in an experienced
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