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Joyme Capital has teamed up with Kee Ever Bright Technology to establish an investment fund with an initial target fund size of USD140 million (RMB1 billion) which will focus on investment opportunities in game development, game distribution, e-sports and other businesses related to the creation and publishing of mobile and PC video games.
Yang Chen (CY), founder and CEO of Joyme Group, says: “China is the largest gaming market in the world by revenue. And Chinese game players have huge appetites for Western games. However, developers and publishers continue to find China to be one of the most perplexing and
Global alternative asset manager The Carlyle Group is to sell ITRS to funds managed by private equity firm TA Associates.
Financial terms of the transaction, which is expected to close in April 2017, have not been disclosed.
ITRS is an international software vendor to the financial services sector, offering real-time monitoring and analytics software. The company provides solutions to transform masses of business and machine data into actionable insights, supporting better systems and business performance.
ITRS serves more than 170 global clients, including nine out of the top 10 investment banks, as well as exchanges and trading venues, hedge funds,
QIC has held the final close of the QIC Global Infrastructure Fund (QGIF), which achieved a total of AUD2.35 billion of capital commitments over an 18-month period.
The AUD2.35 billion represents the hard-cap for the fundraise and also exceeds the fund's target of AUD1.75 billion.
QGIF is a pooled unlisted investment vehicle that seeks to provide institutional investors with access to attractive, risk-adjusted returns through long-term exposure to a diversified portfolio of global infrastructure assets.
The investors benefit immediately from the fund's interests in three infrastructure assets. The assets, secured since the investment period commenced in August 2015,
Outsourcing has not only become an accepted practice among hedge fund managers, it has become a necessity as funds large and small seek out ways to control their costs, manage their internal resources more effectively, and overcome the ever growing challenge of regulatory compliance.
Perhaps more than ever before, hedge fund managers recognise that as cloud technology makes huge strides forward it makes more sense to focus on their core activities of investing and raising capital, appointing a trusted outsourced provider to manage the raft of non-core activities that investors do not want managers to be preoccupied with.
Indeed, while
KKR has held the final closing of KKR Americas XII Fund, a USD13.9 billion fund focused on opportunistic investments in private equity-related transactions primarily in the US, Canada and Mexico.
KKR will be investing nearly USD1.4 billion in capital alongside investors through the firm’s balance sheet and employee commitments.
“As we mark this important milestone in our Americas private equity business and close our 12th flagship private equity fund, we are grateful to our investors, both old and new, for their continued confidence in us. In today’s increasingly complex world, we are pleased that they share our enthusiasm for
Steak restaurant group Flat Iron has received a GBP10 million significant minority investment from Piper, in a deal advised by global investment bank GCA Altium.
Founded in 2012 by entrepreneur Charlie Carroll as a pop-up above a London pub, Flat Iron now has four sites in the capital (Soho, Tottenham Court Road, Covent Garden and Shoreditch), with two further restaurants due to open later this year in Golborne Road and King’s Cross.
The business offers a simple and modern take on the traditional steakhouse, serving its signature flat iron steak for just GBP10. The mix of quality and affordability
Aurelius Equity Opportunities generated consolidated revenues of EUR2,892.3 million based on initial provisional annual figures in fiscal 2016, an increase of 44 per cent compared to the prior year’s revenue of EUR2,013.3 million.
The annualised consolidated revenues increased to EUR3,066.3 million.
Overall, Aurelius Equity Opportunities achieved EBITDA for the combined group of EUR148.4 million (2015: EUR266.1 million). The decrease can be largely attributed to the lower income from the reversal of negative goodwill from capital consolidation ("bargain purchase") compared to the prior year.
Operating EBITDA reached EUR114.0 million (2015: EUR123.2 million) despite the acquisition of yet unprofitable and
Private equity firm TA Associates has acquired a minority equity interest in Interswitch, an Africa-focused integrated digital payments and commerce company.
Financial terms of the transaction were not disclosed.
Helios Investment Partners will remain the majority shareholder of Interswitch.
Founded in 2002, Interswitch is active across the entire payments value chain. A recognised leader in the payments space in Nigeria, the company owns and operates the country’s principal domestic debit card scheme, Verve, as well as serves as a third-party transaction processor for many of Nigeria’s largest banks. In addition, the company offers a number of B2B electronic payment services to public and private sector organisations and businesses, including government entities, hospitals,
Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a USD100 million senior credit facility to support the acquisition of Echelon Group (a d/b/a of MedLien Manager) and future growth of its successor Echelon Medical Capital, a portfolio company of DRB Financial Solutions.
In addition, the credit facility also supports the continued growth of its affiliated company, US Claims.
Based in South Florida, DRB is a diversified, multi-asset specialty finance company providing liquidity solutions to individuals and businesses across several niche areas including structured settlements, litigation finance, bankruptcy trade claims, and commission advances.
ZEDRA, a specialist in trust, corporate and fund services, has widened the scope of its client offering with the appointment of Bridget Barker as executive director funds and corporate.
Barker (pictured) will participate in key networking events, global panel discussions and spokesperson opportunities.
Barker joins ZEDRA from city law firm Macfarlanes with almost 36 years’ experience and is one of only three Senior Statesmen for private equity funds listed in the Chambers Legal Directory, 2017. Her experience in legal issues, particularly related to fund raising in the areas of private equity and real estate, is extensive.
Barker has
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