Latest News
PNC Bank has closed two credit packages totalling nearly USD79.5 million for Rental Equipment Investment Company (REIC), an equipment rental company based in Florida, and Total Plastics Inc (TPI), a distributor and fabricator of plastic sheet, rod, tube, film and tape, headquartered in Michigan.
Both companies will use the funds, in part, to finance acquisitions.
REIC is a rental equipment company formed from the completion of the following acquisitions: Midway Rental (Kalispell, Montana), Reliable Equipment Rental (Wheatland, Wyoming), Hillside Rental (Greeley, Colorado) and Pro Rentals and Sales, Inc. (Idaho Falls, Idaho).
PNC provided a USD34 million senior secured
Lemonade, which aims to be the world's first peer-to-peer insurance company, has secured an investment from XL Innovate, with managing partner Tom Hutton joining the Lemonade board.
XL Innovate is a venture capital firm focused on technology-driven innovation for insurance. XL Catlin, the main investor behind XL Innovate, led Lemonade's reinsurance programme.
"Tom is the only person I've met who speaks both insurance and tech like a native," says Daniel Schreiber, co-founder and CEO at Lemonade. "For a full-stack P&C insurtech company like Lemonade, his expertise is uniquely valuable."
"We track the insurance space very closely, and have
C5 Capital, a London-headquartered technology investment specialist, has appointed Marcos Battisti as partner and head of the C5 Cloud Partners fund.
Battisti previously held the position of managing director of Intel Capital in London since April 2010.
He has been investing in technology venture and growth for 18 years. Most recently he managed Intel Capital’s efforts in Western Europe and Israel and served as a member of Intel Capital’s investment committee.
Battisti has backed and exited companies such as Amplidata in Belgium, Aldebaran in France, Anobit in Israel and Azure Solution in the UK, amongst others.
He
Gramercy Funds Management, a USD5.7 billion emerging markets investment manager, has appointed Chris Tackney (pictured) as managing director and co-head of the Gramercy trading desk.
Tackney has over 20 years of trading and portfolio management experience in emerging markets and will co-head the trading desk with Matt Maloney, managing director.
Both Tackney and Maloney report directly to Robert Koenigsberger, managing partner and chief investment officer.
Tackney, along with Maloney, will manage a trading desk that encompasses performing and distressed corporates, sovereigns, equities, credit default swaps and currency hedges. Together, they serve as key members of the portfolio management
Healthcare-focused private equity firm Shore Capital Partners has sold Fast Pace Urgent Care, a provider of urgent care services throughout rural Tennessee and Kentucky, to Revelstoke Capital Partners.
In December 2012, Shore Capital partnered with Fast Pace founders, Stan Bevis and Reams Powers, to help grow their initial seven urgent care locations.
Shore Capital and Fast Pace together executed an accelerated growth plan and expanded the business from seven to 36 clinics in approximately three and a half years.
The growth came primarily through de novo expansion as the company opened 26 new locations and acquired three locations.
The Latin American Private Equity & Venture Capital Association (LAVCA) has launched the LAVCA venture investors content platform, with breaking deals, investor perspectives, research and curated news from the Latin American venture ecosystem.
Venture investors have deployed over USD2.1 billion in Latin America since 2011, increasing deal activity year-on-year, according to LAVCA’s Latin America Venture Capital Five-Year Trends report.
Even in the context of Brazil’s economic downturn, venture capital investors deployed record levels of capital in the country in 2015, with USD594 million invested across 182 deals. Outside of Brazil, Mexico is the second most active VC market in
Eric Sprott has agreed to acquire 30 million common shares of Redstar Gold in part through a private placement of up to 41 million shares at CAD0.10.
Redstar Gold has filed for the financing, which is a non-brokered equity private placement.
The financing will be composed of two tranches. The first tranche of 20.4 million shares at CAD0.10 is expected to close this week. In the second tranche, the company will issue up to 20.6 million shares at CAD0.10, or CAD2.06 million. The full financing is expected to close on, or before, 31 August 2016. Upon final and full closing
Fundation Group, a digitally-enabled lender and credit solutions provider, has obtained a USD100 million asset-backed credit facility from Goldman Sachs.
Fundation will use this credit facility to accelerate its growth by increasing its capacity to extend credit to small businesses across the US through its various strategic partnerships.
Sam Graziano, CEO of Fundation says: “We are excited to have garnered Goldman Sachs’ support. This transaction further strengthens our balance sheet and reinforces our unique position in the small business lending marketplace.”
Fundation focuses on developing strategic partnerships with banks, other financial institutions, and various service providers to the
Private equity investment firm Capital Partners has added three new members to its team.
They are Sarah Paquet, senior associate, Chris Faux, associate, and Meaghan Byrnes, assistant fund controller.
The trio will help the Capital Partners team to evaluate and execute new investments, add value to existing holdings including add-on acquisitions, and administer the portfolio of tax flow-through investments and distribute cash to limited partners quarterly.
Paquet joins Capital Partners after earning an MBA from the Kellog School of Management at Northwestern University. Prior to Northwestern, she was an investment professional at Baird Capital, a private equity firm in Chicago, Ilinois. Prior to Baird, Paquet was
Pacific Fund Systems (PFS), a provider of fund administration software to hedge funds and private equity funds, has made two appointments to its European operations team.
Erich Carshagen, a senior business analyst within the PFS group, has relocated to PFS’ new European offices headquartered in the Isle of Man.
Carshagen will be working with Martin Heaney, PFS’ senior business analyst and head of testing, and the business analyst team across the PFS group, and will continue to provide client training and supporting materials, migration assistance, support, design specifications for new developments and enhancements, and system testing. Carshagen is a
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
