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Direct to market venture firm Legion Capital has launched the Legion High Yield Mortgage Fund I, a USD25 million real estate mortgage fund to finance property acquisition, renovation and rent.
"The US real estate market is experiencing a sustained recovery, with home equity nearly doubled since 2011. However, banks are still not lending money to builders and developers – creating a huge void in the market for real estate finance,” says Jim Byrd, chairman and CEO of Legion Capital Corporation. "This creates a great opportunity for investors looking for secured income in the current volatile market environment."
The fund targets
Global retail marketing company TCC Global has acquired online retailing specialist Summit.
The deal, advised by Livingstone, sees TCC Global, which turned over EUR500 million in 2015, bring in Summit’s expertise in online retailing to enhance its digital engagement capabilities.
Summit, which turned over in excess of GBP47 million in the same year, will retain its established brand and existing senior management team, who have worked on the business for many years.
TCC Global was founded in 1991 by Richard Beattie, the group’s chairman. Today, TCC Global runs campaigns in more than 70 countries, operating from 34 offices
Ridgemont Equity Partners-backed Perimeter Healthcare has acquired WoodRidge Behavioural Care.
Ridgemont formalised a partnership with Perimeter earlier this year and sponsored the acquisition of WoodRidge as the foundation for a new behavioural healthcare company.
Financial terms of the transaction were not disclosed.
Perimeter is led by president and CEO Rod Laughlin, who brings 35 years of experience in building and operating successful facility-based healthcare companies, including Regency Hospital Co, Charter Medical Corp and Acadia Healthcare.
Perimeter was founded with the goal of creating a behavioural healthcare business to service a broad range of mental health diseases in
Law firm Paul Hastings has appointed Nigel Ward as a leveraged finance partner in the firm’s London office.
Ward is ranked in Band 1 for banking and finance by Chambers and named a ‘Leading Individual’ for acquisition finance by Legal 500.
His practice focuses on leveraged-loan transactions including UK and cross-border acquisition financing, refinancing, recapitalisation, restructuring, and post-IPO crossover financing. He has experience acting for senior lenders, junior lenders, borrower groups, and alternative asset managers on a variety of capital structures, as well as on corporate lending, debt portfolio acquisitions, and specialist financing transactions.
He has also developed a strong practice
Kings Park Capital (KPC), an independent private equity firm dedicated to investing in the European leisure sector, has taken a significant equity stake in Just Go! Holidays (JGH) alongside the company’s CEO, Luis Arteaga.
The Royal Bank of Scotland’s corporate transactions team provided a senior debt package in support of the transaction.
JGH is an independent tour operator providing group holidays to the over 50s demographic. The company offers a collection of coach, air and cruise holiday products, approximately 80 per cent of which are in the UK. Since 2011, it has had an official partnership with the National
NorthEdge-backed engineering firm FPE Global has appointed Tim Hines as chief financial officer to support its continued growth strategy.
Hines joins FPE with over 11 years’ experience in senior financial management positions. He has spent the past two years as finance director at mining solutions firm Joy Global, and has held other senior roles at Manchester Airport, HJ Heinz, Kellogg’s and KPMG.
In his new role, Hines will be responsible for driving the company’s financial strategy as the Manchester-headquartered business continues to target growth in overseas markets. An expert in bulk materials handling and pneumatic conveying, the company has
Fiduciary and administration services provider Estera has appointed Ethan Levner as group head of corporate development.
He will be responsible for leading the company’s growth strategy, including mergers and acquisitions.
Farah Ballands, CEO of Estera, says: “It gives me great pleasure to welcome Ethan to our expanding team. Following the success of our rebrand earlier this year, we are in a strong position to realise our growth ambitions and Ethan’s appointment will be pivotal in reaching those goals.
“Ethan brings a wealth of M&A and strategy expertise to Estera, having worked as both principal and adviser. I look
The Paris office of global law firm K&L Gates have advised Equinix, the global interconnection and data centre company, on the acquisition of Digital Realty's operating business in St. Denis, Paris, including its real estate and data centre facility, for approximately EUR190 million.
The US supplier will extend its hosting capabilities in the site that currently houses Equinix's PA2 and PA3 International Business Exchange (IBX) data centres.
The acquisition of the new Paris site enhances Equinix's recently expanded data centre portfolio in EMEA. One month ago, Equinix added the eighth data centre in Amsterdam. In January 2016 Equinix acquired
BitSight has closed USD40 million in Series C financing, bringing its total cumulative funding to USD95 million to date.
Led by GGV Capital, BitSight's Series C round also includes participation from previous investors, including Flybridge Capital Partners, Globespan Capital Partners, Menlo Ventures, and Shaun McConnon, as well as the venture capital arms of three major telecommunications companies – Comcast Ventures, Liberty Global Ventures, and Singtel Innov8.
GGV Capital's Glenn Solomon will join the BitSight board of directors.
The new funding will be used to support expansion and partnerships in new geographic markets, make strategic acquisitions, and accelerate product
Tikehau Capital has secured a EUR200 million five-year syndicated loan facility for its long term investment company Tikehau Capital Partners.
The loan is from eight international banks led by BNP Paribas, Credit Agricole Corporate & Investment Bank and LCL.
This marks the first time Tikehau Capital has used a syndicated loan facility.
The funds will enable the company to accelerate its international expansion, have additional resources to pursue its organic and external growth whilst preserving financial flexibility under attractive conditions.
Antoine Flamarion and Mathieu Chabran, co-founders of Tikehau Capital, say: “This loan follows two capital increases for
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