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Eversheds has appointed Pinsent Masons partner Andy Phillips to its Manchester corporate team.
Phillips, who is expected to join Eversheds’ Manchester office in early 2017, will lead the Eversheds private equity group in the North West.
Phillips has experience and expertise advising PE institutions and management teams and sellers on management buy-outs, exits and private company M&A within a range of sectors.
Simon Masters, Eversheds corporate head for Manchester, says: “We have taken our time and been very careful in selecting the right person to lead our private equity team in Manchester. I know we have the right person
Oaktree Capital Group has appointed Steven Gilbert to its board of directors, effective 24 October 2016.
Gilbert is the founder and chairman of the board of institutional investment firm Gilbert Global Equity Partners.
Howard Marks, Oaktree’s co-chairman, says: “Over three decades, Steve has had an impressive career in private equity investing, investment banking, investment management and law. Additionally, he has owned and operated businesses as well as served as a corporate director for numerous companies. We are excited to welcome Steve to our board and look forward to benefiting from his insight and experience.”
“It is a privilege to
Technology entrepreneurs who get funding from venture capitalists go public sooner and have more impactful innovation than those who partner with angel investors, according to research from the University at Buffalo School of Management.
Published in the Journal of Business Venturing, the study found that high-tech start-ups that received funding from venture capitalists were able to find a buyer or issue stock sooner than those that received angel investment — and the patents issued by venture capital-funded firms had greater reach.
“Angels and venture capitalists are both critical to innovation in business,” says study co-author Supradeep Dutta, assistant professor
Bowside Capital, a private investment firm that specialises in the North American private equity, small capitalisation market, has appointed Dru Rushing as a vice president.
Rushing will be involved in sourcing, due diligence and monitoring of private equity investments.
Prior to joining Bowside, Rushing spent over seven years as an investment banker focused on the business services and healthcare sectors.
He was most recently a vice president in the Atlanta office of Raymond James Financial, where he participated in over 20 transactions in mergers and acquisitions, debt capital markets, equity capital markets and private placements.
Previously, Rushing
TorQuest Partners has completed the sale of Global Traffic Technologies (GTT) to Gilbarco.
Terms of the transaction have not been disclosed.
GTT provides priority traffic control for public transit and emergency vehicles, with a growing presence in the broader public transit market for solutions that improve public transportation efficiency, safety and on-time performance.
Michael Hollend, a partner at TorQuest Partners, says: "GTT, a TorQuest Fund II investment, demonstrated an ability to leverage its intellectual property to innovate and develop products for emergency vehicles and transit systems, in North America and abroad. On behalf of TorQuest, we would like
SharesPost, a liquidity provider to the late-stage, venture-backed asset class, has appointed Kelly Rodriques to its board of directors.
Rodriques has more than 25 years of financial services and technology experience and has been an investor in more than 20 venture-backed firms.
He was a founding investor of mFoundry, a provider of mobile banking which was acquired by Fidelity Information Systems in 2013.
Most recently, he served as CEO of Pensco, an alternative asset custodian.
"Kelly Rodriques has spent his professional career helping investors put capital to work in high-growth opportunities in alternative assets and private equity,"
Promethera Biosciences, a specialist in cell therapy and regenerative medicine company targeting liver diseases, has raised EUR10 million (USD11 million) in a Series C-extension financing.
All major existing shareholders including Vesalius Biocapital, SRIW, Fund+, MGI Global Fund (Mitsui & Co), Boehringer Ingelheim Venture Fund and SMS Investments supported this round.
New investors joining the financing round were Mitsubishi UFJ Capital and Cell Innovation Partners (CIP) from Japan and LifeLiver from South Korea.
The proceeds will be used to expand Promethera’s product development focus to include larger liver disease indications such as acute-on-chronic liver failure (ACLF), non-alcoholic steatohepatits (NASH)
Meilleurtaux.com, a French provider of mortgage solutions advice backed by Equistone Partners Europe, has acquired the insurance comparison website MerciHenri.com through its holding company Finizy.
MerciHenri.com (formerly LeComparateurAssurance.com) specialises in the comparison of health, housing, car and motorcycle insurance.
Christophe Triquet, founder of MerciHenri.com, will join the management of Meilleurtaux.com to lead its property, casualty and health insurance division.
Having negotiated EUR7.2 billion of new mortgages on behalf of its clients in 2015 and recorded 2.8 million unique visits on its website in September 2016, Meilleurtaux.com has grown to become the leading French comparator of loans, both online
WorldQuant Ventures, an angel investment firm focused on disruptive companies in technology, has invested in untapt, a digital hiring platform that uses machine intelligence to match tech talent and employers.
WorldQuant Ventures’ investment allows untapt to scale its recruitment platform to support all tech professionals and businesses in the US and launch its internal talent marketplace untaptX.
“Hiring qualified technology professionals is a challenge for most businesses,” says Steven Lau, managing director at WorldQuant Ventures. “We believe that untapt’s innovative platform will change the way employers identify and hire tech talent. We’re excited to announce our investment in untapt,
Law firm Paul Hastings has advised Goldman Sachs and Deutsche Bank as lead arrangers and bookrunners on the USD815 million term loan B refinancing of Suddenlink’s existing term loan facilities.
Suddenlink is the seventh largest US cable operator with approximately 1.5 million subscribers.
In June 2015, Paul Hastings advised JP Morgan and BNP Paribas in connection with the high yield bond and loan financing of Altice’s USD9.1 billion acquisition of Suddenlink.
In April 2016, Paul Hastings advised JP Morgan, Bank of America Merrill Lynch, Barclays, BNP Paribas, Credit Suisse, Deutsche Bank, Goldman Sachs, Morgan Stanley, and RBC in connection with the USD1.5
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