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Southeast Asian online-to-offline (O2O) e-commerce specialist Fave has acquired Groupon Singapore.
The acquisition is set to solidify the company's efforts in helping consumers save, while driving growth for local businesses across SEA.
The acquisition of the Groupon Singapore's business follows similar acquisitions of Groupon Indonesia and Malaysia in 2016. Thus far, Groupon Malaysia has been fully integrated into Fave, while Groupon Indonesia is set to follow suit in the coming months. Groupon Singapore will see a similar integration into Fave by mid-2017.
The transaction is expected to close later this week.
The Fave team, who also
Ardian, Keensight Capital and Parquest Capital have completed their acquisition of Unither, a pharmaceutical contract development manufacturing organisation (CDMO), alongside the company’s existing management team.
Unither was acquired from a consortium led by Equistone Partners Europe.
Unither is a specialist in blow-fill-seal (BFS) technology, which uses sterile unit doses to eliminate the need for preservatives. Unither operates six manufacturing sites in France, the US and Brazil, and has a dedicated research and development centre in Europe.
Following their acquisition of Equistone Partners Europe’s majority stake in the Unither Pharmaceuticals group, Ardian, Keensight Capital and Parquest Capital will support
Arena Investors has joined SB Capital Group (an affiliate of Schottenstein) and 360 Merchant Solutions in a partnership to fund new institutional asset management firm Scargo Hill Capital and its investments.
The partnership provides Scargo Hill with the capital to finance senior secured private credit investments that address a substantial market dislocation in the lower middle-market, especially across emerging growth retail companies, consumer wholesale brands and companies in situations requiring transition capital.
“Arena actively seeks to partner with industry experts and proven asset managers that provide access to niche origination strategies and unique investment opportunities and this is exactly
Venture capital firm Lemnos has launched its third fund, a USD50 million fund focused on hardware and the growing ecosystem of software surrounding the hardware renaissance.
Now in its sixth year Lemnos provides an advisory role to its portfolio companies to guide entrepreneurs along the complex path of hardware creation.
"At Lemnos, we make smart bets on small teams of visionary entrepreneurs, and we are full-time partners with them to painstakingly guide their businesses to success," says Lemnos partner Jeremy Conrad. "Our experience has taught us that great companies are defined by great people first and great ideas second.
Creative Media Investments (CMI) has launched an EIS production fund, branded as the Silver Lining Screen Fund, designed to help support mid-range budget film and TV productions.
Working with Portunus Investment Solutions, the fund aims to raise GBP10 million over the next year, and provides a high level of capital protection whilst offering attractive returns for investors.
Launched to provide a viable investment alternative for investors to market competitors in the media sector, the fund also taps into the growing demand of film and TV content worldwide.
The fund provides a significant degree of capital protection (75 per
Legal & General has made three senior appointments for LGIM Real Asset’s private credit business.
Calum Macphail and Tom Sumpster join the London office as head of corporate private credit and head of infrastructure debt, respectively, and Ed Wood joins the Chicago office as head of US private placements.
Reporting to head of private credit, Nicholas Bamber, these new hires support the consolidation of the private credit platform as a single cohesive operation within LGIM Real Assets. They are supported further by a number of more junior hires.
LGIM Real Assets, headed up by Bill Hughes, has AUM of GBP23.2
Alternative credit investment manager THL Credit Advisors has appointed Kevin Burke, a former senior managing director at Antares Capital, as a senior adviser to the firm.
Burke will work closely with THL Credit's senior management advising on investments, capital markets and strategic matters.
"Kevin's extensive experience across both the broadly syndicated loan market and the middle market will be a great resource to our Direct Lending and Tradable Credit strategies," says Chris Flynn, co-CEO of THL Credit.
Sam Tillinghast, co-CEO of THL Credit, says: "Kevin was one of my very first business contacts almost 30 years ago
Private equity (PE) firms are benefiting from nearly ideal market conditions, yet the tide is changing and they should take this opportunity to think about their competitive edge and differentiation.
That is the main finding of a new article by The Boston Consulting Group (BCG), titled Capitalising on the New Golden Age in Private Equity.
Worldwide, PE firms had a record USD2.49 trillion in assets at the end of 2016, including nearly USD1 trillion in uninvested capital. As returns for the overall industry continue to beat other asset classes, particularly hedge funds, capital continues to pour into PE firms, and
GCA Altium has acted as exclusive financial adviser to the shareholders of Wex Photographic on its sale to Aurelius.
Following the deal, Wex will be merged with Calumet to create an omni-channel retailer serving the enthusiast and professional photographer.
The transaction represents GCA Altium’s 16th e-commerce transaction in the last two years.
David Garratt, CEO of Wex, says: “This was a hugely important transaction for Wex and its investor, Barclays. The GCA Altium team invested time understanding what made the business tick, advised us on strategic choices before the sale process was initiated and then worked tirelessly to
LeapFrog Investments has acquired a stake in Fincare, one of the largest and fastest-growing financial inclusion platforms in India.
Fincare reported a 79 per cent annual growth rate in assets under management over the last three years.
The new investment in Fincare represents a significant commitment by global investors to India’s banking industry. LeapFrog’s stake is part of an overall USD75 million transaction by investors including Tata Opportunities Fund, Kotak Mahindra Old Mutual Life Insurance, Edelweiss Tokio Life Insurance offices, TA Associates and True North.
Disha Microfin, a Fincare group company, is one of only 10 institutions in
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