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Financial holding company Italmobiliare has completed its acquisition of private equity house Clessidra Sgr after receiving authorisation from the Bank of Italy.
Italmobiliare now holds 99 per cent of Clessidra.
The company’s new board of directors is as follows: Carlo Pesenti (chairman), Mario Fera (CEO), Riccardo Bruno, Manuel Catalano, Federico Ghizzoni, Alessandra Manuli and Galeazzo Pecori Giraldi.
A new board of statutory auditors has also been appointed – Marina Brogi (chairman), Francesco Di Carlo and Alessandro Grange.
An investment holding owned by the Pesenti family, Italmobiliare manages a diversified investment and equity portfolio worth more than EUR1.6
Private equity and alternative asset investment firm HIG Capital has expanded its footprint in Latin America with the opening of an office in Colombia.
Founded in 1993, HIG focuses on private equity investments in small and mid-sized companies where it can play a significant role in helping to unlock potential value by supporting the companies’ operations.
HIG is already active in Latin America, having established operations in Brazil since 2012, and raising a dedicated USD740 million Latin America fund in 2015.
HIG’s Colombia office is based in Bogotá and is led by Andrés Marulanda. Marulanda has over nine
Benhamou Global Ventures (BGV), an early-stage venture capital firm which focuses on enterprise IT opportunities in global markets, has held the first close of its third fund with over 50 per cent of the targeted USD75 million fund committed to date.
Investors in the third fund include both existing limited partners (LPs) as well as new international and institutional LPs including several Chinese investors.
Extending the strategy of fund BGV II, BGV III will focus on enterprise IT sectors including cyber security, cloud-based services and applications, web scale infrastructure, advanced analytics and industrial Internet of Things.
BGV recently
Car rental company Avis Budget Group has agreed to purchase France Cars, a privately-held vehicle rental company based in France, to significantly expand its presence in the French market. Terms of the transaction have not been disclosed.
The purchase will give Avis Budget Group the second-largest light commercial vehicle fleet in France. It is also a key step in affirming the company's commitment to the local market, further increasing its ability to serve customers of all sizes, from entrepreneurs to multinationals to leisure travellers.
The acquisition will add 8,000 cars, vans and light trucks to the Avis Budget Group fleet
Tikehau IM has held the close of its Tikehau Direct Lending III (TDL III) fund at EUR610 million.
Tikehau IM’s total asset under management in private debt amount to EUR3.3 billion.
Over 40 per cent of the fund is already invested through 15 portfolio companies based in France, Spain and Norway.
Most recent investments include a unitranche financing for the acquisition of Financière Rive Gauche by the ATLAND Group and the acquisition of Marlink, Airbus Group’s commercial satellite communication business, by Apax.
The investor base predominantly includes insurance companies, pension funds, private banks and family offices based
Transportation platform oTMS has raised USD25 million in a Series B funding round led by Chen Weixing, the founder of Kuaidi Dache.
Previous investors Baidu, Chengwei capital and Matrix Partners China also participated in the round. China Renaissance was the exclusive financial advisor of the deal.
The funding will be used to support oTMS's growth, enhance its product depth and breadth, and broaden its national footprint.
"I have seen many logistics internet innovation, the idea of oTMS has truly reflected the core value of the internet by connecting people and companies with cloud and mobile technologies through unique transport ecosystem and
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
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