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Pamlico Capital has made a significant growth equity investment in 10th Magnitude, a Microsoft Azure services firm.
The investment will support the firm’s strategic and geographic expansion initiatives as well as provide resources for potential acquisitions.
Specific terms of the transaction were not disclosed.
“The vast Microsoft Azure market opportunity continues to grow exponentially,” says Alex Brown, 10th Magnitude’s founder and CEO. “This investment will enable us to scale to meet increasing demand for transformational cloud-based solutions, and will allow us to quickly expand our capabilities to address rapidly emerging client needs in areas like managed cloud services.
Investec Aviation Finance, a unit of Investec Bank, has sold out of Goshawk Aviation and Goshawk Management Holdings (Manco) to its co-shareholders Chow Tai Fook Enterprises (CTFE) and NWS.
Co-investors CTFE and NWS each have increased their respective stakes in Goshawk and Manco from 40 per cent to 50 per cent through the sale by Investec.
Goshawk is the third aircraft leasing platform Investec has established, the other two being Investec Global Aircraft Fund and Investec Aircraft Syndicate, both of which are still wholly managed by Investec.
Combined, these three leasing platforms have to date invested in over
UK Green Investment (GIB) is to provide Kent County Council with a GBP10.2 million green loan to help finance the local authority’s GBP40 million streetlight conversion programme.
The project involves the replacement of 120,000 traditional streetlights with energy-saving LED alternatives and the installation of a central management system (CMS), increasing the efficiency of the local authority’s lighting stock while making it easier to manage.
The council estimates that the programme will reduce annual electricity consumption by 60 per cent and cut maintenance costs, resulting in anticipated savings in excess of GBP5 million per year. The new lights are also
Private equity firm CenterOak Partners has hired three new professionals.
Ben Adams has been appointed vice president; Carrie Calhoun as senior associate of business development and investor relations; and Josh Weaver as associate.
With these hires, the staff at CenterOak now totals 22 individuals, including 13 members of the investment team and three operating partners.
“Ben, Carrie and Josh each bring valuable experience and an impressive track record, whether working in an investment capacity, business development, investor relations or developing expertise in a particular industry or sector,” says CenterOak managing partner Randall Fojtasek. “We’re looking forward to working
Private equity firm Campbell Lutyens has expanded its US activities with the appointment of Gerald Cooper as a partner.
Cooper will be based in the firm’s New York office and will be focused on the development of Campbell Lutyens’ US secondary advisory practice.
Prior to joining Campbell Lutyens, Cooper spent 12 years at UBS advising on secondary transactions most recently as global co-head of secondary advisory in the private fund group in New York.
Prior to joining UBS, Cooper worked at Advantage Capital Partners focusing on direct investments in the Midwest and Southeast and before that worked in
Apogee has completed the acquisition of Direct Business Systems (DBS), an independent provider of multi-functional copiers, printers, scanners and support services based in Glasgow.
Established in 1995, DBS is a family-led business with clients such as distillers Whyte&Mackay, charity Sense Scotland and logistics specialist Malcolm Group.
DBS provides technology from four different manufacturer partners and the service operation supports an installed base of nearly 1,500 devices.
DBS will be fully integrated into the Apogee Group and directors Eric Chambers and Anne Chambers will continue to lead the business in Glasgow.
The acquisition comes after Apogee secured a
The European Corporate Debt Private Placement (ECPP) Joint Committee, coordinated by the International Capital Market Association (ICMA), has launched an updated version of the European Corporate Debt Private Placement Market Guide.
The guide sets out a voluntary framework for common market standards and best practices which are essential for the further development of the ECPP market providing medium to long term finance especially to European mid-sized companies, in close alignment with the European Commission’s goal of bringing about a Capital Markets Union.
By the end of 2015, the ECPP market was estimated at EUR33 billion including German Schuldschein issuance.
HarbourVest Global Private Equity (HVPE) has consolidated its listing on the Main Market of the London Stock Exchange and has delisted from Euronext Amsterdam.
It says the consolidation will result in reduced administrative and legal costs and will simplify the continuing operation of the company.
Subsequent to the delisting from Euronext, shareholders who obtained their shares through the Euronext Amsterdam will continue to be able to trade these shares on the London Stock Exchange.
А consortium of investors led by the Russian Direct Investment Fund (RDIF), CDC International Capital and Bahrain Mumtalakat have closed a transaction to invest up to EUR250 million in glass tableware manufacturer Arc.
The deal follows a preliminary agreement signed on 17 June 2016.
The proceeds from the deal will be used by the company to implement a global investment programme including expansion of its existing production facilities in Russia and construction of a new state-of-the-art glassware plant in Kaliningrad.
The parties have completed the first drawdown of EUR50 million.
Konstantin Ryzhkov, deputy CEO of the RDIF,
Quadrivio Private Equity Fund 3 has completed its second investment, acquiring a majority stake in Farmol, a Bergamo-based producer of aerosol and liquid based products for the household and personal care sector.
Since 1946, Farmol has served multinational companies in Europe through its four production plants. It has a turnover in excess of EUR80 million, 75 per cent of which is generated abroad. The company has exhibited a growth rate of about 20 per cent in the last year, with an operating profit margin of around 10 per cent.
The founders and the management team of the business will
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