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London-based commercial lender Ortus Secured Finance has closed a second funding round for its new fund, increasing its firepower by GBP20 million from investors and bringing total lending capacity for the fund to GBP60 million.
The fund, which was originally launched in February 2016, lends to businesses across the UK, with a particular focus on the UK leisure sector.
The second round of funding has seen a number of original investors increase their initial stakes in the fund. It has also welcomed a new GBP5 million cornerstone investment from a global real estate investor.
The fund will continue
Modern Energy Management (MEM), a specialist in delivering project lifecycle certainty to renewable energy developers, financiers and investors, has been engaged to work on behalf of CapAsia’s Islamic Infrastructure Fund (IIF) at two early wind farms in Pakistan.
Under the terms of the contract, MEM, led by founding partner Lars Lund, is providing asset management, human resources and technical advisory services to the private equity fund, which focuses on developing infrastructure projects in emerging Asian markets.
Pakistan has an ambitious wind energy development pipeline and over 1GW of new capacity is scheduled for installation by 2018. With the number
Keit Ltd, based at the Harwell Campus in Oxford, has completed a GBP1.4 million funding round led by Longwall Ventures, with additional investment from the Angel CoFund, Rainbow Seed Fund, Wren Capital and various angel investors.
Keit’s MicroFTSÔ spectrometer, which stems from research work done at the Science and Technology Facilities Council’s Rutherford Appleton Laboratory by Dr Hugh Mortimer for a mission to Mars, directly measures molecular bonds, determining accurately and quickly the identity and concentration of the components of a fluid.
Keit’s patented approach uses no moving parts and so is capable of operating seamlessly in tough environments
Private equity firm Elaïs Capital has completed its third deal with a significant minority equity investment in Sunaero, a provider of testing and repair solutions for aircraft.
A dedicated private equity fund managed by Elaïs Capital on behalf of 15 families is now the main shareholder of Sunaero, alongside its founders Bruno Comoglio, Laurent Dumortier and Thierry Regond.
As a result of this transaction, Sunaero has secured an additional equity line to finance its growth (including acquisitions), and several senior managers will become shareholders of the group.
The group arises from the 2005 merger of Helitest, a provider
Smart Communications, a specialist in enterprise customer and business communications, has completed its spinoff from Thunderhead and launched as an independent company led by its existing management team and backed by tech-focused private equity firm Accel-KKR.
As an independent company, Smart Communications will continue to define and lead the next generation of cloud-enabled customer communications management (CCM) by focusing on scaling its growth in new and existing markets, broadening its industry reach, and accelerating innovation and product development.
Smart Communications’ blue-chip customer base spans three continents and includes over 300 customers from a diverse range of industry sectors, including
Growth private equity firm TA Associates is to back a management buyout (MBO) of Goldman Sachs Asset Management’s (GSAM) Australian-focused investment capabilities and fund platform.
Financial terms of the transaction, which is expected to close by year-end, have not been disclosed. The company will rebrand accordingly.
Since the appointment of Dion Hershan as GSAM’s head of Australia equities in 2007 and the subsequent build out of the investment team, the company has grown to be a leading Australian equities and fixed income fund manager.
The company’s core offering is its Fundamental Australian Equities product set, consisting primarily of
Over three quarters (79 per cent) of venture capital trusts (VCTs) have a fund manager who has been in position for 10 years or more, according to research by the Association of Investment Companies (AIC).
The AIC says this is an impressive figure given that VCTs were only introduced 21 years ago.
Tim Levett is the longest serving VCT manager, having managed Northern Venture Trust for almost 21 years. He is closely followed by Patrick Reeve who has managed Albion VCT for over 20 years.
Both managers feature an additional two times in the list: Levett for managing
Business development professional Eugene Tetlow has joined asset management group EisnerAmper in the firm’s financial services practice.
Tetlow will be based in EisnerAmper’s San Francisco office.
Financial services is the largest practice within EisnerAmper, and its asset management group works with executives at hundreds of hedge, private equity and venture capital funds.
Tetlow says: “This is an exciting time to join EisnerAmper as we continue to build the firm’s reputation as the fund manager’s provider of choice for audit, tax, and consulting services. I am especially pleased to help expand our presence in the western region of the
Arma Partners has acted as exclusive financial adviser on the sale of Attenda, a portfolio company of Darwin Private Equity, to Ensono, a portfolio company of Charlesbank Capital Partners and M/C Partners.
Attenda is a UK provider of hybrid IT managed services, specialising in running business critical applications.
The acquisition will achieve greater scale and visibility for the combined business, accelerating Ensono’s entry into the UK market.
It will also strengthen Ensono’s offerings across public cloud, dedicated infrastructure and mainframe, to meet the demands of its global client base.
Claroty, a specialist in operational technology (OT) network protection, has secured a USD32 million venture capital investment led by Red Dot Capital Partners.
Established as part of Israeli cybersecurity foundry Team8, Claroty’s team has prior experience working with Siemens, IBM, Waterfall Security, Palo Alto Networks, iSIGHT Partners (FireEye), ICS2, Industrial Defender and others.
Launched in 2016, Red Dot Capital Partners is a capital fund focused on growth stage investments. Fully funded by Temasek, through its enterprise development unit, Red Dot Capital Partners will support Claroty in its Asia growth plans.
"We invest in technology companies with market-tested technologies,
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