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Palamon Capital Partners has agreed the sale of SARquavitae, an elderly care provider in Spain, to HomeVi SAS, a portfolio company of PAI Partners.
The transaction is subject to receipt of antitrust clearance from the European Commission and is expected to close in the first quarter of 2017.
The sale will result in an investment return of 3x for Palamon.
Julian Carreras, partner at Palamon, says: “We are delighted with the result of our investment in SARquavitae which when complete will generate nearly EUR140 million of proceeds and a 3.0x return for our investors. Our investment thesis for
TV and video advertising management platform Honeycomb has secured a GBP3 million Series A funding round, led by venture and growth investor Beringea.
Honeycomb, which was founded and launched by the team behind global advertising delivering platform Adstream, has secured additional backing from heavy hitters in the advertising and production environment, including David Bell, Richard Jameson and John Spearman.
Following a friends and family round in May 2016, the company has now raised over GBP4 million in capital.
Set up by James Carpenter and Richard Carter, Honeycomb aims to increase transparency and remove inefficiencies in the current advertising
Capital Generation Partners (CapGen), a private investment group serving ultra-high net worth families and endowments, has appointed Alex Waters as global strategist.
Reporting to CapGen’s founding partners, Waters (pictured) will be responsible for developing CapGen’s macroeconomic analysis, drawing on a range of data sources to provide a robust framework for the firm’s investment decisions.
Waters joins CapGen from Roubini Global Economics, where he was responsible for the organisation’s global forecasting effort, and producing macroeconomic and monetary policy research. Prior to that, Waters held positions at the UK Debt Management Office.
Khaled Said, managing partner at CapGen, says: “Recent
Baird has appointed Lydia Xu as managing director and head of China investment banking in Shanghai.
In the role, Xu will be responsible for expanding both access to strategic and financial Chinese buyers for the firm’s sell side assignments, as well as advisory work from Chinese corporates and private equity firms looking to sell assets, make new investments or refinance debt.
Xu joins Baird from BDA Partners where she was a managing director. A seasoned investment banker and finance professional with 15 years cross border M&A experience, Xu has advised on transactions across a range of industries, including manufacturing,
Private equity firm NorthEdge Capital has opened an office in Birmingham.
Located at 20 Colmore Circus, Queensway, the new office will provide a base from which NorthEdge can target growing companies and quality management teams across the East and West Midlands.
With over 40 years of experience, Rob Freer and Andrew Skinner will lead the new venture and be responsible for originating and executing new deals across the region.
Freer joins with over 25 years’ corporate finance experience across roles in private equity, acquisition finance, corporate finance and restructuring. He joins as a director having held senior positions
Barclays has signed a GBP1.5 million money market loan agreement with Kimble, a business performance software provider.
The funding agreement was signed by Lorraine Ruckstuhl from Barclays and Sean Hoban from Kimble, to provide the business with working capital for future growth.
The funding comes from Barclays’ GBP200 million venture debt fund, which was established to help the UK’s high-growth firms compete with Silicon Valley. To date, Barclays has helped a range of high growth companies with business financing from this fund.
The fund was extended to GBP200 million earlier this year, in addition to the launch of
Research and analytics firm MPI has published an assessment of Ivy League endowments’ 2016 FY Performance. The firm writes that asset allocation remains the largest determining factor in endowment performance.
“Commodities and Emerging Markets, each of which suffered respective losses due to continued declining oil prices or political turmoil, were a significant drag on Ivy League funds’ returns. Despite FY 2015’s stellar performance by Venture Capital and marginally positive returns by Hedge Funds, both asset classes posted negative returns in FY 2016. Real Estate, US Equities and Bonds were the highest performers in FY 2016.
“Yale continued its strong performance.
PaySimple, a service commerce platform for businesses, has secured a growth investment of USD115 million from Providence Strategic Growth (PSG).
The investment is expected to accelerate PaySimple’s strategy to market services online, automate payment acceptance, and deliver one end-to-end solution to its customers.
PaySimple’s cloud-based platform allows service-based business owners to run their companies the way they think about them – centred on their customers. PaySimple combines the ways service businesses need to generate business online (with online appointment scheduling, payment and registration forms, and an online store) with all the ways they need to collect payment (in person, online,
Advisory firm Global Counsel has strengthened its London-based team with the appointment of Lord Paul Myners as vice chairman.
Myners has a strong track record in business and policymaking as an investor and corporate leader.
He spent a number of years working in the British Government as City Minister.
He will play a role in advising Global Counsel’s financial services clients, in particular in understanding the impact of policy change on their businesses or investment plans.
The team in Singapore will be supported with the arrival of John Koh as senior board adviser. Koh has deep roots
Ignition Partners, an early-stage business software venture capital firm, has appointed Scott Coleman as a business development partner in the firm’s new Los Altos office.
Coleman will identify technical and go-to-market opportunities, as well as drive strategic partnerships for the firm’s portfolio companies by leveraging his technology, start-ups, financial and business development background.
Coleman joins Ignition from Microsoft where he led Startup Growth Partners. In this role, he worked with a wide range of technology companies from early to growth stage to solve technical and go-to-market challenges, served as a conduit for the emerging tech community into and across
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