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Pan-African law firm Bowmans is opening an office in Dar es Salaam, Tanzania, with effect from January 2017.
It will bring the number of Bowmans’ offices in East Africa to three and will be its seventh office on the African continent.
The firm already has offices in Kenya and Uganda as well as in Madagascar and South Africa.
"The launch of our office in Tanzania is another step in the fulfilment of our African growth strategy and is critical to our success on the continent. This move will enable us to serve our clients in Tanzania and in
British AI-powered information intelligence company Signal Media has raised a further GBP5.8 million (USD7.4 million) in funding from UK and US venture capitalists to expand into the US during 2017 and strengthen the existing product.
The fundraising brings total investment to GBP8.3 million (USD10.5 million).
Signal principally targets the financial services, legal and professional services sectors. Its AI technology analyses more than two million articles per day across 90 countries to curate real-time, accessible, actionable knowledge on everything from competitor activity to reputational threats and market movement.
Signal is used by some of the UK’s biggest financial, legal and
Elaghmore Partners has closed its initial fund, Elaghmore I, at GBP60 million and completed its first acquisition.
The fund held a first and final close and is now fully operational. The fund was oversubscribed and the investors are a mixture of US and European institutions.
The investment strategy of Fund 1 is focused on UK-headquartered industrial businesses that present a significant opportunity for growth and value creation.
The partners will participate in every phase of the investment, including turnaround of the business, if necessary, its growth and development, and ultimately ensuring it is well placed to deliver returns
Providence Strategic Growth Capital Partners (PSG), an affiliate of private equity and credit investment firm Providence Equity Partners, has closed its second fund with USD640 million of equity commitments.
PSG Fund II, which closed at its hard cap and was oversubscribed, received commitments from existing and new investors, including corporate pensions, family offices and high net worth individuals.
To date, the firm has made six investments in PSG Fund II: Boston Logic, PaySimple, LogicMonitor, Untangle, Anju Software and Conversica.
PSG invests in lower middle market software and technology-enabled service companies primarily in North America. The firm works closely
Private equity (PE) and venture capital (VC) funds in the US showed stronger performance in the second quarter of 2016 than the first, according to Cambridge Associates.
Energy investments helped generate the rebound for the PE benchmark, and returns from healthcare VC investments made the biggest leap from the first quarter of 2016 to the second.
The Cambridge Associates US Private Equity Index returned 4.0 per cent in Q2 2016, outperforming the large-cap S&P 500, the small-cap Russell 2000 and the tech-oriented Nasdaq Composite indices for the quarter.
The Cambridge Associates US Venture Capital Index posted a 0.7
Diagnostic solutions specialist Curetis has secured a EUR25 million unsecured loan from the European Investment Bank (EIB).
The financing is the first growth capital loan under the European Growth Finance Facility (EGFF), launched in November 2016 and is backed by a guarantee from the European Fund for Strategic Investments (EFSI).
EFSI is an essential pillar of the Investment Plan for Europe (IPE), under which the EIB and the European Commission are working as strategic partners to support investments and bring back jobs and growth to Europe.
The debt facility features typical market interest rates with more than half
Ranch Creek Partners, in partnership with Los Angeles-based St Cloud Capital, has made a majority equity investment in Los Angeles-based Apposite Technologies, a provider of enterprise-class network simulation products.
The company has also appointed Steve Fazio as its new CEO to lead Apposite's growth by focusing on the development of complementary products and features, as well as an expansion of the company's sales team and channel partnerships.
"Apposite has done a tremendous job in establishing itself as the solution for network simulation technology to the largest companies in the world," says JD Kritser, founder and managing director of Ranch
Carey Olsen’s Guernsey office has appointed James Cooke as a senior associate in the firm's corporate and finance team.
Cooke joins Carey Olsen from another offshore law firm, having worked in Guernsey and the BVI and initially trained at Eversheds in the UK.
He has been regularly recognised by leading legal directory, Legal 500, for his work in the investment funds, commercial and banking sectors. He has been recommended by IFLR1000 as a rising star for investment funds, financial and corporate work since 2014.
Ben Morgan, partner in Carey Olsen's Guernsey office, says: “James’ senior appointment represents the
NTR has added a further 29 MW to its onshore NTR Wind 1 fund portfolio with the acquisition of Twin Rivers, a 28.7 MW wind project located in Yorkshire, from joint vendors InfraRed Environmental Infrastructure Fund and the Co-operative Group.
Capital costs for the project amount to just over GBP80 million (EUR95 million).
“This is the 10th acquisition of onshore wind assets in the UK and Ireland by our NTR Wind 1 fund, bringing total MWs under management up to just over 170MW. We have experienced a very strong momentum in identifying, acquiring and financing wind projects throughout the year,
European financial services private equity firm AnaCap Financial Partners is to acquire Barclays’s French retail banking operations.
These include Barclays’ branch network, life insurance business, wealth and investment management and brokerage operations, subject to regulatory approval.
It follows the completion of a consultation with employee representative bodies that began in May, when Barclays entered exclusive discussions with AnaCap.
Following and subject to completion, AnaCap funds will leverage Barclays’ client base, network and relationship managers with a view to building the leading independent wealth manager in France. Plans include the relaunch of the mortgage lending proposition to attract and
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