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Bill Salus has launched consultancy firm Paddock Consultancy, which aims to assist financial services companies with growth and management challenges.
New York based Salus (pictured) has over 30 years of experience in executive management in the investment and asset servicing industry.
Most recently global chief executive officer for Apex Fund Services, he has also held senior positions at BNYMellon, PNC Global Investment Servicing, KeyCorp and Security Pacific Bank and was a member of the ICI International Operations Advisory Committee.
Salus says: “Setting up Paddock feels like a natural step for me at this time. There is currently a great
SecureKey Technologies, a provider of identity and authentication solutions, has raised CAD27 million in growth capital to fund the commercial rollout of a privacy-enhancing digital identity network.
Teaming up with SecureKey on the initiative and participating in the funding round are BMO Bank of Montreal, Bank of Nova Scotia, CIBC, Desjardins, Royal Bank of Canada and TD.
Building upon the SecureKey Concierge federated authentication service, SecureKey and its partners aim to accelerate the development of a new service to be launched in 2017. The new service will make it easier for consumers to manage their digital assets and to take control
Comcast Ventures, the venture capital affiliate of Comcast Corporation, has hired Dinesh Moorjani as managing director based in Santa Monica.
A serial entrepreneur, senior operating executive and successful seed investor, Moorjani will lead investments across various sectors, including data and business intelligence, marketplaces and social networks.
“I am delighted to welcome Dinesh to Comcast Ventures,” says Amy Banse, managing director and head of funds at Comcast Ventures. “We are building a team of smart, proven investors with knowledge and success across a variety of sectors. Dinesh brings unique experience that bridges later stage private equity transactions with an accomplished
Lawson Conner, a provider of fund launch services, a regulatory hosting platform and capital introductions, has appointed Michael Denoon-Slater as head of capital introductions.
He assumed responsibilities on 3 October 2016 and will be responsible for developing this new business across Europe, Asia and North America.
Prior to joining Lawson Conner, Denoon-Slater founded Strathspey Partners, a London based boutique advisory firm, which specialised in capital introduction and business development globally for alternative investment funds.
Denoon-Slater has over 20 years’ experience within the global financial sector and has spent the past 10 years working in prime services and hedge funds for Citigroup and Boyer Allan Investment
ContentSquare, an experience optimisation platform for online and mobile businesses, has secured USD20 million in Series B funding from Highland Europe.
The funding will support ContentSquare’s global expansion and attract new talent.
ContentSquare captures online and mobile behaviours to measure user experience, increase engagement and improve conversion rates. It empowers brands to measure content performance, understand visitor intentions and explain consumer decisions when they do or do not purchase.
The platform collects over 1,000 billion user mouse movements, screen touches and interactions to segment visitors based on intention and behavioural patterns. It provides clients with daily tips from
Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a USD32.5 million senior credit facility to support the acquisition of Forman Mills by private equity sponsor Goode Partners.
Based in Pennsauken, New Jersey, Forman Mills owns and operates 36 stores in nine states.
Founded in 1985, the company sells off-price apparel and footwear for men, women, and children, as well as home goods.
The funding will support continued store expansion and invest in the company’s infrastructure to accelerate growth.
Asian investors could have a transformative effect on the European technology industry, according to analysis by Magister Advisors.
In recent months, Chinese consumer-tech giant Tencent acquired Finnish games developer Supercell for USD9B and Softbank paid USD32 billion for the UK mobile chip company ARM.
Both are real “platform deals,” creating entirely new European business units for two very well-funded Asian buyers.
But the Asia-into-European tech trend is much more broad-based. Asian buyers will snap up USD2-3 billion worth of smaller (sub USD500 million) European tech companies this year, up nearly 10x from 2013 levels, according to Magister Advisors.
NTR has closed its second project debt facility this year with Ulster Bank, securing a GBP27.3 million (circa EUR30 million) project finance debt facility.
The debt facility will be used to finance the construction of the Altaveedan wind farm, a 18MW wind farm based in Co. Antrim, Northern Ireland, acquired by NTR in May.
With construction underway, Altaveedan is expected to be operational in the spring 2017.
NTR’s chief financial officer Marie Joyce says: “We are very pleased to have partnered once again with Ulster Bank on this transaction. This is the second facility transacted with Ulster Bank
BGF (Business Growth Fund) has exited its investment in Cussins, a family-owned house builder based in the North East, following the acquisition by Northumberland Estates of a minority stake in the business for an undisclosed sum.
The Cussins family remain majority owners of the business.
Minority shareholder BGF invested GBP5 million in Cussins in December 2014 to support new site acquisition and housing developments including sites at Longframlington, Warkworth and Longhorsely. In this time, turnover has more than trebled, with expected sales in excess of GBP15 million for 2016 and further growth forecast for 2017.
During the past
One in eight (12 per cent) partners at hedge funds, private equity firms and other investment partnerships are now women, up from one in 10 (10 per cent) last year and the year before, according to DHR International.
DHR International’s analysis, based on data provided by the Financial Conduct Authority, shows that out of 3,509 partners at regulated firms, 405 were female in 2015. In 2014, there were 378 female partners out of a total of 3,666.
DHR International says the numbers suggest that hedge funds and private equity houses are outperforming the financial services sector as a whole
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