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LogRhythm, a specialist in security intelligence, has closed a USD50 million round of new financing led by existing investor Riverwood Capital with participation by Adams Street Partners, Siemens Venture Capital, Delta-v Capital and members of the LogRhythm management team.
The new capital will help LogRhythm accelerate its leadership and competitive differentiation in the growing market for rapid threat detection and response solutions; a market which is expected to reach USD23 billion by 2020 based on research by Gartner.
The company will use the funding to continue expanding its worldwide market presence, extend its investment in innovation and strengthen its balance sheet.
Private equity and venture capital investment in Central and Eastern Europe last year hit its highest amount since 2009, according to data from Invest Europe.
The total investment amount increased 25 per cent year-on-year to EUR1.6 billion, with the number of companies backed matching 2014’s record level.
The figures are taken from Invest Europe’s Central and Eastern European Private Equity Statistics 2015 report.
“Last year’s increase in regional investment activity, at a new post-financial crisis high, points to a healthy and evolving market,” says Robert Manz, managing partner at Poland’s Enterprise Investors and chairman of Invest Europe’s Central
Investment banking advisory firm Evercore has extended its strategic alliance for cross-border M&A advisory services with Korea’s NH Investment & Securities for an additional two year period.
The advisory alliance enables Evercore and NH to continue to capitalise on what they believe to be a positive long-term trend driving cross-border M&A activity in Asia.
Ralph Schlosstein, Evercore's president and chief executive officer, says: "We are pleased to extend and expand our Alliance with NH, which we established in 2011. Our longstanding relationship with NH is an important part of our global strategy and enables Evercore and NH to serve domestic
NorthEdge Capital has backed the management buyout of ITC Luxury Travel Group.
The firm has invested for a majority stake to support CEO Jen Atkinson and her senior team to deliver on planned investment in IT, management, staff, product and customer service.
Specialising in luxury tailor made holidays worldwide since 1974, Chester-based ITC Luxury Travel is one of the UK’s largest independent luxury tour operators.
ITC is on track to make 13,000 bookings this year and is expected to carry 32,000 passengers to 106 countries across the globe.
It employs 200 staff and is led by Jen
Context Summits, a producer of investment summits for the alternative asset management industry, has appointed Sarah Huntington as chief marketing officer.
Huntington brings to Context Summits more than 15 years of sales and marketing experience in the alternative investment industry.
“Sarah’s addition strengthens our senior leadership team and continues the expansion of our firm,” says Mark Salameh, CEO of Context Summits. “Over the last 12 months, we have optimised and grown our technology, operations, sales and investor relations teams in an effort to continue to deliver the most efficient, productive and innovative events in the alternative asset management industry.”
Livingstone’s consumer sector team has advised the management team of Long Tall Sally, a multi-channel retailer of fashion for taller women, on the GBP30 million acquisition of the business by Equistone-backed TriStyle Mode.
Founded in 1975, East London-based Long Tall Sally, led by CEO Andrew Shapin and backed by Amery Capital, offers taller women fashion through its 26 stores located in the UK, Canada, Germany and the US, and its online offering.
The business will continue to be operated independently by the existing management team led by Shapin and Amery Capital Chairman Maurice Helfgott post-acquisition, with both Shapin and
Boutique asset manager Unigestion has held the first close of its fourth dedicated private equity secondaries fund, Unigestion Secondaries Opportunities IV (USO IV).
The fund represents a continuation of the secondaries strategy that Unigestion has deployed since 2000.
USO IV has now received commitments in excess of EUR177 million, which is almost 60 per cent of the fund’s target size. Unigestion is seeking total commitments of EUR300 million.
USO IV seeks transactions at the smaller end of the secondary market, in which high-quality assets can be acquired at attractive valuations. It focuses on small and middle-market funds, fund
An affiliate of private equity and alternative asset investment firm HIG Capital has acquired CABLExpress Corporation d/b/a CXtec and TERACAI Corporation.
Headquartered in Syracuse, New York, CXtec is a provider of refurbished networking and telephony hardware and data centre cabling products to a diverse base of blue-chip customers.
Since its founding in 1978, CXtec and its equal2new brand of certified pre-owned equipment have established a market-leading position with deep domain expertise. CXtec’s systems and testing / certification processes ensure that IT procurement professionals are able to maintain and extend the life-cycle of existing IT infrastructure equipment by purchasing reliable
Senic, a developer of ‘smart home’ natural user interfaces, has secured a seed investment from venture capital firm Target Partners.
The company’s first product, Nuimo, is a smart home controller that enables interaction with in-home technology such as Sonos or Raumfeld multi-room speakers, Philips Hue light bulbs, and smart thermostats.
The Nuimo has received some of the top technology and design awards, including the Red Dot Design Award 2016.
While the Nuimo’s interaction model revolves around haptic and gesture input, the team is developing ways to bring optical and speech interfaces to future device generations.
The Senic
HIG Europe, the European arm of global private equity firm HIG Capital, is to sell the International School of Europe Group (ISE).
Closing of the transaction is expected in mid-September 2016. Terms have not been disclosed.
ISE, founded in 1958 by the Formiga family, is a group of schools in Italy with over 1,800 local and expatriate students between the ages of three and 18 years old in Milan, Modena, Monza and Siena. ISE is one of the leading IB schools in Europe.
Raffaele Legnani, managing director of HIG and head of HIG’s activities in Italy, says: “Paolo and
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