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Doctify, a technology platform that allows patients to search for specialist doctors and book appointments online, has closed a seven-figure Series A round led by global technology investor Amadeus Capital Partners.
Founded in 2015, Doctify allows patients to search, compare reviews and prices, and book appointments with medical specialists across the UK.
The company focuses on the private healthcare market and currently puts patients in touch with doctors qualified in 47 different specialisms, including cardiology, oncology and paediatrics, as well as dentistry and dermatology.
Doctify chief executive officer Oliver Thomas says: “We are excited to announce our partnership
SS&C Technologies has acquired CRM solution provider Salentica.
Tequity acted as the exclusive adviser to Salentica, which will now become a platform partner to the firm's Black Diamond wealth platform.
The Salentica team brings expertise in providing integrated CRM solutions for both Microsoft Dynamics CRM and Salesforce CRM platforms. The company will operate as a business unit under SS&C and the acquisition will add 30 employees.
With more than 5,000 users and an average firm size of over USD3 billion in assets, Salentica's clients include registered investment advisers (RIAs), broker-dealers, family offices, institutional wealth managers, and trust companies.
Otterbourg has named Daniel Fiorillo as head of the firm’s restructuring practice group as of 1 January 2017.
Jonathan Helfat, who led the group for more than 25 years, will be stepping down from the position but will continue to practice actively with the firm.
Fiorillo (pictured) has a broad practice representing secured and unsecured creditors, hedge funds, private equity groups, corporations, equity holders, investors and advisors that deal with financially distressed businesses both in bankruptcy and in various out of court workout and restructuring arrangements.
He has extensive experience working with creditors and professionals to maximise clients’
Veggie Grill, a premium fast casual brand known for its vegetarian-centric cuisine, has completed a USD22 million funding round.
The capital raise included investments from Brentwood Associates, a private equity firm and existing shareholder of Veggie Grill; Powerplant Ventures, a venture capital firm founded by Veggie Grill’s co-founders Kevin Boylan and TK Pillan; and other current and new investors.
With the investment, Veggie Grill will focus on expansion to new markets in the US, as well as growing current markets.
“As today’s consumers make the shift towards ‘veggie positive’ thinking and eating, Veggie Grill’s brand proposition positions us
Leap Energy has partnered with Simmons Private Equity (SPE), an energy focused private equity fund.
Established in 2008, Leap Energy delivers services through its operational offices in Malaysia, Australia and Europe, with representative offices in India, Indonesia and the Middle East.
Leap Energy has established an international client base of over 80 clients, with 200 projects delivered by a team of 50 talented technical experts.
Besides the core activities of reservoir studies and M&A advisory, Leap Energy is a technology innovator in mature field production optimisation. It delivers predictive analytics for conventional and unconventional reservoirs.
SPE is
DataCentred, a UK-based provider of OpenStack-based cloud services, has secured a GBP1 million funding package from Barclays and existing shareholders.
The funding will allow DataCentred to further expand its OpenStack infrastructure and invest in new staff.
The funding package coincides with the launch of a new browser-backed OpenStack terminal, which allows users to access an OpenStack command line interface from any web browser, including tablets and smart phones, and start creating and managing services.
The DataCentred browser-based OpenStack terminal provides a browser-based terminal which launches instantly with the necessary credentials to log-in, with no need to install or
Cuna Mutual Group's venture capital entity, CMFG Ventures, is leading the venture-backing for Chicago-based ForeverCar, a provider of extended service protection plans.
Launched earlier this year, CMFG Ventures focuses on InsurTech and FinTech investments that provide innovative technology products and services to credit unions and their members.
ForeverCar offers consumers one of the only digital marketplaces to research, compare, purchase and file a claim for extended service protection plans.
CMFG Ventures is a part of Cuna Mutual Group's innovation strategy platform, which identifies and invests in new ideas and opportunities to support credit unions and consumers for the
The pace of consolidation within the hedge fund administration space shows no let-up, with MUFJ Investor Services, the asset servicing arm of Mitsubishi UFJ Financial Group, having just announced its latest acquisition; Rydex Fund Services, a 1940-Act fund administration business formerly owned by Guggenheim Investments.
One of the reasons fuelling this trend is that hedge fund managers and their end investors are looking for a flight to quality, as well as security (from a size and scale perspective).
"They want administrators with a diverse book that can support a wide range of funds and support them as they continue to
In order for the alternative funds industry to evolve one point that needs to be addressed is that the term 'Hedge Fund Administration' is too narrow. Firstly, one cannot avoid a trend towards convergence within alternatives that has steadily gained traction in recent years as hedge fund managers develop more private equity-like fund strategies, and vice-versa; this has resulted in the term 'hybrid fund' being bandied about.
Secondly, as traditional asset managers and asset allocators move beyond the concept of hedge funds as a distinct asset class and move towards portfolio strategies such as risk factor analysis, engineered beta, and synthetic
Conifer Financial Services is one of the world's leading independent fund administrators. It has more than 200 clients representing more than USD110 billion of combined assets under administration (AuA) and has a strong footprint in both the US and Asia (Singapore) following its successful merger with Vastardis Capital in 2014.
Speaking with Hedgeweek, Jack McDonald (pictured), President and CEO of Conifer Financial Services, says he is not surprised by the recent acquisition activity in the industry. In his view, fund administration is, in many regards, a scale game and consolidation will continue over the near term.
"While bigger isn't necessarily
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