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CreditEase Wealth Management has held the first closing of its second fund, CEIIF II, which has raised USD32.2 million since its launch one month ago towards a target capital commitment of USD50 million.
The fundraising follows the CreditEase Israel Innovation Fund I, which closed in October 2015 after raising USD30 million.
“Reaching the first close for CEIIF II within the first month has given us renewed confidence that Israeli technology and the investment opportunities it brings continue to be a sweet spot for Chinese high-net-worth individuals,” says Richard Williamson, head of offshore business at CreditEase Wealth Management.
“CreditEase
Central and South Eastern Europe-focused private equity firm Mid Europa Partners is to sell its investment in Invitel Group to CEE Equity Partners, the investment adviser to the China CEE Investment Co-operation Fund.
The transaction is subject to customary closing conditions, including competition clearance, and is expected to complete in the first quarter of 2017.
Invitel is the second-largest incumbent fixed line telecommunications and broadband Internet services provider with more than one million homes passed in Hungary, serving both residential and corporate customers.
David Blunck, the CEO of Invitel, says: "Under Mid Europa’s leadership we have strengthened Invitel’s
IK Investment Partners’ IK 2007 Fund is to sell Colosseum Smile Group, a provider of private dental care in Scandinavia, to Jacobs Holding AG (JAG).
Financial terms of the transaction have not been disclosed.
Colosseum Smile Group was acquired by IK in 2010 and has since then accelerated its growth and consolidation of the Scandinavian dentistry market.
Colosseum Smile has 52 clinics in Norway, Sweden and Denmark, offering a range of services from basic dental care to specialist surgery.
“Together with our employees and supported by IK, we have successfully developed Colosseum Smile from two smaller dentist
Prudential Capital Partners has completed the fund raising for its fifth mezzanine fund, Prudential Capital Partners V, surpassing its target of USD1.4 billion.
Prudential Capital Partners is the middle-market mezzanine fund business sponsored by Prudential Capital Group, the USD78 billion private placement arm of PGIM, Prudential Financial’s global investment management business.
Fund V attracted a diverse set of institutional investors and closed fund raising with 34 investor relationships in reaching its hard cap. More than 70 per cent of existing investors re-committed to Fund V, many at higher amounts that brought the capital raise from existing investors to 96
PraxisIFM Fund Services (UK) has worked with RM Capital Markets on the initial public offering (IPO) of RM Secured Direct Lending on the premium segment of the London Stock Exchange.
Gross proceeds of GBP50.3 million were raised following the issue.
The investment objective of RM Secured Direct Lending is to invest in a portfolio of secured debt instruments to UK SMEs and mid-market corporates. The company will target an annualised dividend yield of 6.5 per cent once fully invested.
“We are delighted that RM has chosen to utilise our services as company secretary and administrator,” says Anthony Lee,
Alternative credit investment firm Crescent Capital Group has held the final close of Crescent Mezzanine Partners VII with commitments of over USD4.6 billion, surpassing the fundraising target of USD3 billion.
Fund VII’s limited partners include a diverse mix of global investors from more than 20 countries including sovereign wealth funds, pension funds, insurance companies, financial institutions, foundations and endowments.
The closing represents the largest mezzanine offering in Crescent Mezzanine’s history. Thus far, Fund VII has deployed or committed approximately USD900 million across nine transactions.
“This fundraise is a significant milestone for our firm and speaks to the strength
Halifax-based Ultra Finishing, a designer, manufacturer and distributor of bathroom fixtures and fittings, has received a significant investment from BGF (Business Growth Fund).
It will use the investment for product development, expansion into new markets and to enhance its service proposition to accelerate organic growth.
Founded in 1981, Ultra Finishing manufacturers, sources and distributes a wide range of bathroom products to online and high-street retailers, builders’ and plumbers’ merchants and other trade partners. Generating GBP60 million turnover in 2016, Ultra Finishing employs more than 350 people. Its range of brands include Hudson Reed, Ultra and Premier.
Ultra Finishing
Technology investment firm Alpina Partners has acquired a significant stake in GefaSoft, a provider of MES-solutions (Manufacturing Execution Systems) and process visualisation software.
The three founders Franz Fuchs, Heinz Rabe and Ortwin Tischler will stay on as managing directors.
GefaSoft was founded in 1984 and developed into a leading provider of shop floor IT solutions. With its object-oriented process visualisation GraphPic and its scalable cloud-based software Legato Sapient the company offers MES-solutions for different industries. Customers include automotive OEMs as well as businesses in the pharmaceutical, food and renewable energy sector.
Alpina’s investment constitutes the basis to build
Bankin’ has secured an EUR8.4 million fundraising round led by Omnes Capital, with participation from CommerzVentures, Generation NewTech and business angels.
The French provider of personal finance management apps intends to use the funds to speed up its R&D investments and develop new features.
The Bankin' mobile app aims to simplify and clarifiy money management including bank accounts, expense items (automatic categorisation) and monthly budgets. It also provides a forecast for end of month balance and automatic alerts of risks of overdraft. While Bankin’ can display several accounts from different banks together, the app also serves those who hold
AMP Capital has raised USD2.4 billion for its global infrastructure platform at final close, with more than 50 institutional investors committing to its global mandate to invest in high-quality assets offering the best relative value.
The platform, which includes the AMP Capital Global Infrastructure Fund and the relaunched Strategic Trust of Europe (SITE), has attracted strong global interest particularly from investors in the UK, the US, Canada, Japan, Belgium, Denmark, Middle East, Ireland, Australia, Spain and Finland.
AMP Capital global head of infrastructure equity Boe Pahari (pictured), says: "We’re immensely proud of how we’ve evolved the global infrastructure platform
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