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Private equity firm JW Childs Associates has hired Philippe Schenk as managing director, Kyle Casella as vice president and Jess Yuan as associate.
Schenk will lead investor relations activities for JW Childs. Casella and Yuan are primarily responsible for due diligence and analysis of new investment opportunities and monitoring of portfolio companies.
Schenk was previously a principal at Grove Street Advisors, a private equity investment firm focused on lower middle market buyout, growth equity and venture capital funds, and a director at Credit Suisse with various roles in Zurich and New York, most recently in the alternative capital division.
The Greater Manchester Loan Fund (GMLF) has made a GBP0.5 million investment in Prime Document, a provider of document management outsourcing services, to support its continued expansion in the global electronic document management (EDM) sector.
Bury-based Prime specialises in the production and multi-channel distribution of business critical documents such as invoices, pay slips, pension and tax statements, which are required to comply with stringent industry regulations or legislative requirements.
Clients include a wide range of large and mid-market companies, government bodies and NGOs, operating in sectors where security, accuracy, reliability and timeliness of document availability are paramount to delivering commercial advantages.
The
Satuit Technologies, a provider of software solutions for the professional investment market, has partnered with CenturyLink to offer cloud-based hosting of its SatuitCRM and SatuitCRA software.
As part of this change, database infrastructure will be upgraded to SQL 2012.
In addition to allowing Satuit to upgrade the infrastructure and its security features, the new partnership will allow Canadian clients to use a Canadian site to host their SatuitCRM data.
The migration of client sites began in late July. All remaining client databases will migrated to the new partner by early autumn.
“We have been working intensively with
East Capital Explorer is to terminate its investment agreement with East Capital and become an independent investment company.
East Capital Explorer is acquiring East Capital’s shares, representing 96 per cent of the formerly jointly owned holding company.
The compensation for the control shares and certain other obligations amounts to EUR2 million according to the termination agreement.
East Capital Explorer’s investment team, led by Kestutis Sasnauskas, has been strengthened with four employees who have experience from investments in Eastern Europe, most recently within East Capital.
With the new organisation in place, the company has moved its headquarters and
An affiliate of alternative investment platform FAB Partners is to acquire US private debt investment manager CIFC for approximately USD333 million in cash.
Under the terms of the merger agreement, CIFC shareholders will be entitled to receive USD11.46 in cash per share – USD11.36 per share as consideration in the merger, plus a USD0.10 per share distribution detailed below.
This represents a premium of more than 60 per cent over CIFC's closing share price on 19 August and a premium of approximately 160 per cent over the 27 January 2016 closing share price, the day prior to CIFC's announcement
Affiliates of Siris Capital Group have completed the acquisition of Xura, a provider of digital communications services, in a transaction valued at approximately USD643 million.
The deal, which was initially announced on 23 May, was approved by a majority of Xura's shareholders on 16 August.
In connection with the closing of the transaction, the company, which will continue to operate as Xura Inc, will be wholly owned by affiliates of Siris Capital.
Xura aims to revolutionise the way the world communicates, accelerating its development of digital communications solutions for CSPs that will transform future engagement experiences across all
Global University Systems (GUS) is to acquire Arden University, an online distance and blended learning university with 6,500 students, from US-based Capella Education Company.
Aaron Etingen, founder and CEO of GUS, says: “I am pleased to announce Arden University as the newest member of Global University Systems, with its strong position in the UK market for distance and blended learning. We look forward to working with Arden to build its offering of online and blended degree and masters programmes, to meet growing UK and international demand from employers and students for career-enhancing learning in the digital economy.”
Dr Philip Hallam,
Audax Private Equity is selling Laborie Medical technologies to Patricia Industries, a part of Investor AB.
Headquartered in Mississauga, Ontario, Laborie Medical Technologies is a provider of medical devices for urological, pelvic health and gastrointestinal applications.
The company’s products are used in the diagnosis and treatment of urinary incontinence and other urological and GI conditions.
Laborie supplies physician offices, hospitals, and mobile providers on six continents. Since Audax’ initial investment in 2012, Laborie has completed 14 acquisitions to expand product lines and enter international markets.
Geoffrey Rehnert, co-chief executive officer of Audax Group, says: “Brian Ellacott and
The USD1bn Club of infrastructure investors, a group of 69 institutional investors that have allocated USD1 billion or more to the asset class, have become dominant players in the infrastucture fundraising market, according to research by Preqin.
More than two-thirds (69 per cent) of the USD1bn Club have a separate infrastructure allocation, compared to 34 per cent of smaller investors. USD1bn Club investors also have an average allocation to infrastructure of 7.0 per cent of total AUM, compared to 3.3 per cent for their smaller counterparts.
This level of resource and experience allows them greater access to the market
Cambridge Innovation Capital (CIC), a Cambridge-based investor in technology and healthcare companies, has raised GBP75 million of new capital.
CIC was founded in 2013 as an initiative by the University of Cambridge to create a local entity that would be able to provide growth capital to promising businesses arising from the University of Cambridge and the wider Cambridge Cluster, Europe’s largest technology cluster.
CIC provides long term capital to support the sustained growth of investee companies.
CIC is a preferred investor of the University of Cambridge and has a unique relationship with Cambridge Enterprise, the commercialisation arm of
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