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JMP Group, an investment banking and alternative asset management firm JMP Group, is partnering with investment bank with Bryan, Garnier & Co on the origination and execution of cross-border mergers and acquisitions, strategic advisory mandates and public and private capital-raising transactions.
The alliance will operate under the common brand of JMP Bryan Garnier.
JMP Securities and Bryan, Garnier & Co will also continue to operate separately, providing services to clients as standalone firms. The alliance will capitalise on a long-term trend toward increased integration of the US and European technology and healthcare markets.
JMP Bryan Garnier is led
The European Commission’s (EC) launch of a new venture capital fund of funds programme has the potential to attract over EUR1.6 billion to support the growth of Europe’s small businesses, says Invest Europe.
Space ventures, tech start-ups and budding engineering firms could all benefit from this investment, according to the trade association, in the commission’s latest initiative in its Capital Markets Union action plan to promote European innovation and economic growth.
The Venture Capital Fund of Funds will invest into a portfolio of venture capital funds across the continent. The commission will commit up to EUR400 million in fresh funding
Investcorp, a provider and manager of alternative investment products, is to invest USD20 million in Calligo, a provider of cloud solutions focused on serving the global mid-tier enterprise segment.
Founded in 2012, with the aim of leveraging jurisdictions across the globe that offer a robust data protection framework, Calligo provides a trusted cloud platform for hosting mid-tier enterprises, their data and applications.
The company’s proprietary cloud platform offers data privacy along with application performance guarantees, commercial flexibility and a personalised support service.
Calligo services hundreds of clients all over the world from its locations in Jersey, Guernsey, Switzerland,
Saratoga Partners has acquired the xenon cinema business from Philips Lighting, with debt financing provided by GC Andersen Partners Capital.
The business, to be named Lighting Technologies International (LTI), is a major manufacturer of xenon arc lamps for digital cinema projectors used in the worldwide cinema exhibition industry.
GC Andersen Partners, through its wholly-owned broker-dealer GC Andersen Partners Capital, acted as exclusive financial adviser and placement agent to Saratoga and raised the debt financing to complete the transaction.
Financing was provided by PNC Bank and Graycliff Partners.
LTI, based in Baldwin Park, California was established in 1999
HarbourVest Partners has held the final close of its latest secondaries fund, which was oversubscribed and closed above its USD3.6 billion target at USD4.77 billion.
“Our global secondaries team has decades of experience and deep industry relationships. As the secondaries market continues to evolve, these competitive advantages have helped us to remain well positioned to continue to provide our investors with access to the best opportunities available,” says Brett Gordon, managing director, HarbourVest. “Our experience and expertise to execute on even the most complex transactions is what makes HarbourVest a sought after partner as both LPs and GPs actively seek
European venture capital firm Truffle Capital has appointed Patrick Kron as its new chairman.
Kron replaces Henri Moulard who becomes honorary chairman.
"Truffle Capital has built its success on a strategy unique among European venture capital firms, combining an investor's approach with an entrepreneurial perspective," says Kron. "We plan on continuing Truffle's development by raising more funds and integrating institutional investors and family offices. I look forward to contributing to the creation and growth of young SMEs by focusing on high-tech companies, notably in France, with strong global growth potential."
"After a 57-year career, I am now pleased
Grand Coast Capital Group has selected SS&C's Precision LM loan servicing and accounting solution and SS&C's fund administration services.
Based in Hingham, Massachusetts, Grand Coast Capital Group is a national private-lending firm and real estate fund manager that provides creative financing to real estate investors, builders and developers.
SS&C will provide Grand Coast Capital with a single, cloud platform for commercial loan origination, servicing and accounting, integrated with SS&C's fund administration services and cloud-based fund services portal.
Grand Coast Capital Group investment managers, borrowers and investors will now have secure, 24/7 web access to summary reports, analytics and
Juniper Capital Advisors has held final close of its first institutionally-backed private equity fund, Juniper Capital II, at its hard cap of USD500 million.
The fund targets equity investments of USD25 million to USD75 million in oil and gas companies located primarily in the continental US.
Edward Geiser (pictured), managing partner, says: “Juniper is deeply grateful for the confidence our exceptional group of energy investors has placed in us. We are committed to continuing to identify and prosecute high-quality upstream investment opportunities in the US to further build the relationship between Juniper and its partners.”
Richard Gordon, partner,
Plexus Capital, a provider of capital to small businesses in the US, has closed Plexus Fund IV at its fully subscribed offering of USD400 million.
Consistent with its predecessor funds, Fund IV will focus on the same strategy of investing in profitable businesses with USD10 million to USD100 million in revenue to support growth, recapitalisations and transitions of ownership.
With the closing of Fund IV, Plexus has raised more than USD950 million since inception in 2005, including capital accessed through SBA’s Small Business Investment Company programme. In addition to SBA capital and significant investments from the Plexus team, investors
Smartrac, a portfolio company of private equity firm One Equity Partners (OEP), is to sell its Secure ID & Transactions business to the Linxens Group.
The transaction is subject to regulatory approval and other customary closing conditions.
OEP has helped support Smartrac to grow into the largest global player in its industry. Smartrac produces over 2.2 billion RFID transponders annually and offers one of the most comprehensive technology portfolios with more than 1,000 patents and patent applications. Over the past five years, Smartrac’s revenues have almost doubled.
The sale of the Secure ID & Transaction Business is the
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