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Audax Private Equity has sold Cadence Education to investment funds managed by Morgan Stanley Global Private Equity.
Terms of the transaction have not been disclosed.
Headquartered in Scottsdale, Arizona, Cadence is a provider of early childhood education focusing on children ages six weeks to 12 years old.
The company has the capacity to serve more than 20,000 students across its national platform of more than 150 schools across 20 states.
Since Audax’ initial investment and partnership with Cadence’s founder Doug MacKay in 2007, the company has acquired 74 schools in 28 acquisitions and opened 14 greenfield locations.
Regulatory DataCorp (RDC) has been acquired from Bain Capital Ventures and others by Vista Equity Partners, a private equity firm focused on software, data and technology-enabled businesses.
The acquisition will allow RDC to increase its investment in risk and compliance software and data solutions to help prevent financial crime.
Headquartered in King of Prussia, Pennsylvania, RDC is a provider of counterparty risk and financial regulatory compliance data and software solutions to financial institutions and technology companies, as well as sharing economy, social media, and multinational companies worldwide.
By combining data, a scalable platform, experienced analysts, and tailored analytics,
Fund administration group Centaur is increasing its product offering and expanding its global footprint by opening an office in Bermuda.
It follows a recent move for Centaur’s European headquarters to larger offices in Dublin’s International Financial Services Centre to accommodate the tenfold increase in employees that Centaur has experienced over the past six years.
The firm now has offices in Dublin, New York, London, Bermuda, and Cayman.
Karen Malone (pictured), founding partner of Centaur, says: “This is an exciting time for Centaur, which has steadily expanded on the back of exceptional performance. Our latest service location in Bermuda
USPAAH, a marketplace-type app which brings the spa to people’s door in less than an hour, has exceeded its crowdfunding target by raising over GBP270,000 from 143 individual investors.
Iglika Ghouse, ex-UBS investment banker and now chief executive and founder of USPAAH, was a time-poor City worker who saw a gap in the market for high-quality on-demand wellness and beauty services.
The app connects clients to trained professionals in real time.
“We know our clients’ time is precious so we’ve made the booking process as easy as possible,” says Ghouse.
Londoners’ increasingly busy schedules have given rise
Health Smart Financial Services, a technology-enabled specialty lender, has completed a minority growth equity financing led by iA Financial Group.
Health Smart's technology platform allows healthcare providers to offer their customers affordable monthly payments for services and products that require private out-of-pocket expense.
Health Smart has a growing base of over 1,500 merchant partners who benefit from the company's instant credit approval and paperless transaction capability.
"This investment by iA Financial Group provides us with additional growth capital to build our merchant and customer relationships, further invest in our leading technology platform, and grow our balance sheet," says
GI Partners has entered into an agreement to acquire Daxko from Pamlico Capital in a recapitalisation transaction with management.
Terms of the transaction have not been disclosed.
Headquartered in Birmingham, Alabama, Daxko is a provider of mission critical software to member-based health and wellness organisations. Daxko helps customers achieve operational efficiency, deliver strong fiscal management, and engage their members in meaningful ways.
Pamlico acquired Daxko, in partnership with management, in February 2014, and has supported the company as it completed two acquisitions, added over 50 employees, and grew revenue by approximately 30 per cent per year.
“Pamlico
Fried Frank has advised OpCapita on the raising of its second fund, OpCapita Consumer Opportunities Fund II.
Upon close, the fund reached its hard cap of EUR350 million, exceeding its debut fund, OpCapita Consumer Opportunities Fund, which raised EUR110 million when it reached its final close in December 2014.
The fund, which was significantly oversubscribed, builds on strong support from existing global investors, and also attracted new investors.
The fund intends to generate superior returns through a strategy of intense operational turnaround of underperforming businesses in the retail, consumer and leisure sectors in Europe.
The Fried Frank
Fluidic Analytics, a University of Cambridge spinout specialising in the field of protein characterisation, has raised GBP5.3 million (USD7 million) in Series B financing.
The round was led by IQ Capital Partners and included Amadeus Capital Partners, the Cambridge Enterprise Seed Fund, Parkwalk Advisors, Draper Esprit, and Cambridge Innovation Capital as co-investors.
Fluidic Analytics is developing products based on a new technology for protein characterisation that emerged from the laboratory of Professor Tuomas Knowles at the University of Cambridge. The technology, aspects of which were recently published in Nature Chemistry, allows proteins to be characterised in a rapid, accurate
Citco has launched Citco Waterfall, a proprietary technology that enables private equity firms to calculate waterfall payments for limited and general partners on a standardised platform.
Citco says the technology is the first of its kind and is available exclusively to the firm’s clients.
Citco Waterfall is designed to fill what the firm describes as a major gap in private equity fund administration offerings. Replacing a process for determining waterfalls that is labour-intensive and inefficient, Citco’s technology automates and standardises the waterfall calculation process, while maintaining maximum flexibility to account for a wide range of fund partnership agreements, scenarios,
Scipion Capital, a commodity trade finance investment manager, has appointed Paul Baker as head of trade finance to oversee all of the company’s trade functions.
In this newly created role, he will report to the firm’s chief investment officer, Nicolas Clavel.
Baker (pictured) brings to Scipion 30 years’ experience in identifying, structuring and closing trade finance facilities.
Before joining Scipion, Baker spent eight years at Sumitomo Mitsui Banking Corporation Europe (SMBC), where he was an assistant general manager in the firm’s structured trade and commodity finance department. Prior to this, Baker was director for metals and mining in the
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