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Adveq, an asset manager focused on investing in private equity globally, has reached USD 7 billion assets under management as of 11 January 2017.
Adveq enjoyed a successful 2016 driven by strong investment performance and increased investor demand for the firm’s specialised primary, secondary and direct/co-investment offerings.
2016 saw the closing of five funds and the successful completion of 20 direct/co-investment deals globally.
Sven Lidén, managing director and CEO, says: “Adveq has achieved this milestone by being consistent, focusing on fundamental and responsible value creation. We carefully listen to and learn from our investors, understanding their needs and
Software company Neurala has closed a USD14 million series A funding round led by Pelion Ventures.
The funding round included participation from Sherpa Capital, Motorola Ventures, 360 Capital Partners, Draper Associates Investments, and Idinvest Partners through its Electranova Capital II Fund and in partnership with Ecomobility Ventures.
Draper Associates also provided the seed funding.
“The Neurala Brain works more like the human brain than any other deep learning neural network solution out there,” says Massimiliano Versace, co-founder and CEO of Neurala. “The rigors and demands of building bio-inspired brainpower for space exploration are now benefitting the most exciting
DPD in Russia and SPSR Express, two of the biggest companies in the Russian express and courier market, are to merge.
Upon closing of the transaction, which is subject to approval by the Russian Federal Antimonopoly Service, the merged company will become the largest express operator in the country.
GeoPost will become the majority owner of the post-merger business, Elbrus Capital will have a significant minority stake with the balance owned by the management team.
Nikolay Voinov will become the CEO of the merged company. Vladimir Solodkin will chair the company’s board of directors and its strategic committee.
Crown Capital Partners, a provider of growth capital to mid-market companies, has completed a USD50 million closing for Crown Capital Fund IV, bringing the current total capital committed to the fund to USD175 million.
To date, USD110 million has been invested by the fund in six transactions.
"This upsizing deepens our relationships with our institutional limited partners and is a clear testament to the quality of our growing portfolio," says Chris Johnson, Crown's president and CEO. "We continue to deliver on our key milestones. We have completed three transactions since November 2016, adding USD60 million of new investments into
Ogier has strengthened its Luxembourg investment fund team with the appointment of Anne-Gaëlle Delabye as a managing associate.
Delabye (pictured) focuses on investment funds and regulatory work, with a particular specialism in the regulated investment funds sector.
She previously worked as head of regulatory and investment management at the Luxembourg office of a French firm.
The new recruitment is part of a plan of sustained investment in Ogier's Luxembourg office, which has grown significantly since it was established five years ago, and which now includes almost 20 lawyers.
The new unregulated fund product, reform of company law,
European financial services private equity firm AnaCap Financial Partners is to acquire a controlling stake in Heidelpay, a German online payment service provider (PSP).
As part of the transaction, the co-founders and existing management will retain a minority stake in the business.
Founded in 2003, Heidelpay is a full-service PSP that facilitates payment acceptance on behalf of online merchants. The platform is 100 per cent proprietary, serving more than 14,500 primarily online businesses across the DACH and Benelux regions, and processes transactions across more than 200 payment methods, covering online, mobile and point-of-sale channels.
Heidelpay operates in a
Modern Energy Management (MEM), a specialist in delivering project lifecycle certainty to renewable energy developers, financiers and investors, has appointed Kyle Katoski as head of project origination for South-East Asia.
With extensive experience across Asia, Katoski (pictured) will lead business development from the firm’s Singapore headquarters.
The appointment comes as MEM prepares for growth in 2017. In particular, the firm will be looking to Pakistan, Vietnam and Myanmar as three of its key markets in the coming year, while continuing to build on its project development heritage in Thailand. Pakistan is set to more than triple the number of
Law firm Akerman has bolstered its tax practice group with the appointment of former CBS vice president and general tax counsel Alvan L Bobrow as partner.
Bobrow joins the firm’s New York office from Mayer Brown, where he served as the leader of the national state and local tax group.
"Alvan's experience with complex tax structures and strategies adds important depth to our transactional team," says Peter Larsen, chair of Akerman's tax practice group. "His work across numerous jurisdictions will be valuable to our clients as they confront a multitude of corporate tax issues and deal-making decisions throughout the US and
Houston-based private equity firm Rock Hill Capital Group has held the final closing of Rock Hill Capital III, with USD150.6 million in capital commitments.
Rock Hill Capital III commitments exceed its previous funds, Rock Hill Capital II, a 2013 vintage fund with USD87.7 million in commitments and Rock Hill Capital I, a 2008 vintage fund with USD48.8 million in commitments.
Rock Hill Capital III will continue to pursue a similar investment strategy, focusing on buyouts and recapitalisations of industrial products and service companies.
Since inception, Rock Hill has invested in 15 operating companies. These investments include businesses operating
Comcast Ventures, the venture capital affiliate of Comcast Corporation, has appointed Kai Bond as principal to lead Comcast Ventures Catalyst Fund.
Bond will be based out of New York and focus on investing in early-stage start-ups in NYC and start-ups led by minority entrepreneurs across the country.
“I am delighted to welcome Kai Bond to Comcast Ventures Catalyst Fund,” says Amy Banse, managing director and head of funds for Comcast Ventures. “His network, operational expertise and product knowledge will be an excellent addition to our team, helping us identify new types of investments for the growing Catalyst Fund.”
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