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New York-based private equity firm Aquiline Capital Partners has launched Togetherwork, a holding company for businesses developing software used to manage and collect payments from groups and organisations.
Building on the foundation of Aquiline portfolio company OmegaFi, a provider of management, payments and fundraising software for fraternities and sororities, Togetherwork aims to acquire software companies in adjacent verticals, creating a family of companies that provide similar technology and services to broader organisations such as sports leagues, summer camps, and cultural and educational institutions.
In addition to retaining their own teams and identities while continuing to operate independently, all Togetherwork
Private equity software provider Altvia Solutions has launched Altvia Correspond Market Edition, designed for private equity firms to manage mass communications for prospecting, fundraising and deal announcements.
The addition comes on the heels of the firm’s recent 10-year anniversary rebrand, with the newly coined “Altvia Correspond” solution set that includes the new Market Edition and the Investor Edition, formerly AIM Investor Correspondence.
Market Edition permits users to build and save email smart lists, create professional email templates and send emails to 50,000 contacts per mailing without leaving AIM, the firm’s CRM solution for private equity on the Salesforce platform.
Investec Growth & Acquisition Finance and Silicon Valley Bank have partnered to support Marlin Equity Partners in the primary buyout of software testing and business assurance company QualiTest.
QualiTest is the second largest pure play software testing and business assurance services company in the world, with operations in the US, the UK, Israel and India.
Founded in 1998, the business services blue chip clients across a variety of sectors including finance, technology and healthcare.
This deal represents Investec’s first transaction with Marlin Equity Partners, a global private equity firm, with over USD3 billion of capital under management. To
SME-focused private equity firm Ambit Pragma has invested in Vidal Healthcare Services, an Indian health and wellness solution provider.
Ambit Pragma is a small cap growth and buyout fund with approximately USD150 million under management.
Girish Rao, chairman and managing director, Vidal Health, says: “Vidal Health group provides superior integrated healthcare services and benefits administration to nation’s top corporates and insurance companies. Vidal is bringing new products and concepts to the Indian healthcare industry aimed at improving the delivery and consumption of health insurance and integrated care. The capital raise will enable us to strengthen our presence in existing
French asset management firm Amundi is launching a single platform designed to bring its real and alternative assets under one entity and drive its aim of becoming one of the leading alternative asset managers in Europe.
The firm writes that real estate, private debt, private equity, infrastructure and alternative multi-management are now all part of an integrated business, bringing together 200 investment professionals in origination, structuring and management, responsible for EUR34 billion in assets (as at 30th June 2016). Amundi aims to double its funds under management in real and alternative assets by 2020.
Amundi’s reports that its track
FINCAD is holding a follow-up to its incredibly popular July live webinar “Negative Rates: Dealing with an Unorthodox Experiment,” with an interactive discussion tomorrow, 28 September, designed to help answer any questions arising from this pressing topic.
The live Q&A session, which is scheduled for 11am ET, 8pm PT and 4 PM BST, will be completely audience-driven. There will be no pitch from FINCAD, just open, honest answers to questions on negative rates and related industry topics.
CLICK HERE TODAY to reserve a spot for this important, and sure to be highly-informative, interactive discussion.
The hosts for the session will
Screach, an interactive broadcast technology company providing a data-driven digital marketing platform for venues, has completed a GBP1.13 million funding round involving existing investors Northstar Ventures and Hotspur Capital, as well as Max Capital Partners, the Angel CoFund and a small group of high net worth individuals.
Brewing and technology industry veteran James Dickson has joined as chairman.
Screach enables retail and leisure venues to increase footfall and sales by making intelligent use of environmental and customer data to communicate relevant and interactive content through a variety of channels, including venues’ television screens, venue wifi, and customers’ mobile devices.
Acorn Growth Companies, a private equity firm investing exclusively in aerospace and defence, has acquired Seattle-headquartered Raisbeck Engineering.
Founded in 1982 by aeronautical engineer and entrepreneur James D Raisbeck, Raisbeck Engineering develops, markets and manufactures worldwide-certified performance improvement systems for some of the most prolific commercial and general aviation aircraft models.
"Thanks to James Raisbeck's vision and the dedication of his team, Raisbeck Engineering is one of the most prominent names in the aviation community, with an exceptional reputation for its innovative contributions to the industry," says Rick Nagel, managing partner of Acorn Growth Companies. "We have a common
Abacus Group, a provider of hosted IT solutions for hedge funds and private equity funds, has been named the Best North American Cloud Services Provider in the Hedgeweek USA Awards 2016.
The awards, which celebrate the achievements of the best performing managers and service providers in the US hedge funds industry, are unique in that they are based on a peer review system.
The winners were determined by the votes of Hedgeweek's subscribers, who include institutional investors, wealth managers, fund managers and other industry professionals at firms including fund administrators, prime brokers, custodians, law firms, custodians and advisers.
One of the largest venture capital investors in the UK, Albion Ventures, is to acquire GBP490 million OLIM Investment Managers from Close Brothers Group.
OLIM is a fund manager specialising in UK quoted equities with a particular focus on charities, for which it manages GBP240 million, and in investment and other trusts (GBP170 million) and private clients (GBP80 million). The business was founded in 1986 and has been part of the Close Brothers Group since 2000. Angela Lascelles, the joint founder, will remain Chief Executive of OLIM and the existing investment management team will continue to manage its range of
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