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RightCapital, a financial planning platform for registered investment advisors and independent broker-dealers, has secured USD1 million in a seed capital fund raise led by Camellia Venture Capital with other individual strategic investors also participating.
Camellia Venture Capital is a New Jersey based venture capital firm that focus on early-stage, high-growth fintech firms.
"We created RightCapital with the goal of developing a next-generation financial planning software that advisors can use to simplify the financial planning experience for their clients," says Shuang Chen, co-founder and CEO of RightCapital. "This round of funding will help us reach more advisors and deliver significant product
An affiliate of private equity investment firm HIG Capital (HIG) has acquired 100 per cent of Symplicity Corporation.
Headquartered in Arlington, Vitgina, Symplicity sells SaaS-based solutions to over 1,200 colleges and graduate school programs that help manage all aspects of a student’s life on campus, including career services, academics, behavioural intervention, and student conduct. In addition, more than 400,000 active employers utilise the Company’s on-campus recruiting software to leverage the largest Higher Education job network in the US and recruit students and alumni for entry-level jobs. In 2015, five million students submitted more than 13 million job applications through the
The London office of global law firm K&L Gates has added Barry Cosgrave as a partner in the firm’s global finance practice. Cosgrave (pictured), who joins K&L Gates from Shearman & Sterling LLP, is the second new partner addition to the firm’s London finance practice in just a month.
Cosgrave’s experience includes distressed debt and restructuring, debt capital markets, structured finance, and Islamic finance. He has significant Middle East experience, having also practiced in Dubai for a number of years.
“With a focus on distressed debt and the Middle East, my ambitions and experience are very much in line with the strategic direction of K&L
Edison Partners has led a financing of New York City-based Predata, a provider of predictive event intelligence used by hedge funds, corporate security officers, and government agencies to forecast geopolitical risk throughout the world.
Chicago Ventures and Conversion Capital also participated in the round. The investment will fuel continued product innovation and go-to-market expansion.
Using open-source intelligence (OSINT), the Predata platform enables organisations to collect and visualise tens of thousands of digital conversations from a range of social and collaborative media channels on a daily basis. Regressing this data against historical datasets allows Predata to quantify the probabilistic nature of
Praesidian Capital Europe (Praesidian), a provider of senior and subordinated debt and growth capital in the United Kingdom and Northern Europe, has made a GBP8.0 million investment of first lien debt in UK claims management business EMC Advisory Services (EMCAS).
The funds support the July 2016 buyout of the Company by incumbent management team James Scarth and Richard Hopwood and the realisation of their growth plan through increased investment in the Company’s leading operational platform as well as providing funds for acquisitions.
EMCAS, headquartered in Exeter, Devon, provides services to consumers who are unaware, or unwilling, to claim redress for
Investec Growth & Acquisition Finance has supported NFT Group’s GBP20 million-plus acquisition of owner-managed logistics company NR Evans with a debt package of GBP13 million.
Founded by Neil Evans, NR Evans is a leading UK temperature controlled distribution business, delivering over GBP1 billion of chilled and ambient product annually via its well invested fleet of 180 trucks and 300 trailers. The business will maintain its South Wales base, whilst integrating into NFT’s national network.
The acquisition the NFT Group significantly strengthens its market leading position in the provision of time critical logistics services to the UK grocery market. It employs
BMO Financial Group has completed the acquisition of the business of M&A advisory firm Greene Holcomb Fisher (GHF).
The transaction complements BMO Capital Markets' existing M&A practice by significantly increasing BMO's number of global M&A professionals. In the United States, the transaction expands and deepens BMO's footprint, raising deal flow and increasing the focus on key strategic industries ranging from Industrials to Food, Consumer & Retail, Healthcare, Technology, Business & Services and Energy.
GHF has been rebranded as BMO Capital Markets.
HgCapital portfolio company Intelliflo has launched an Open API for its business management system, Intelligent Office (iO), enabling its adviser and supplier partners to integrate their own solutions and processes fully with the data and functionality within iO.
Intelliflo’s aim is to allow its partners to enhance their own offerings using the data available via iO.
Nick Eatock (pictured), Intelliflo’s Executive Chairman, says: “We’ve opened up the iO system to give developers and clients access to most of its features, giving them the flexibility to interact with iO in whatever way they like including the ability to display the information
JZ Capital Partners Ltd (JZCP), the London listed fund that invests in US and European micro-cap companies and US real estate, is to sell its equity interest in Fidor Bank AG (Fidor) to Groupe BPCE, the second largest banking group in France.
JZCP first invested in Fidor in August 2013 through its EuroMicrocap Fund 2010, L.P. and has since worked with the senior management team, including Matthias Kröner, CEO, and Wolfgang Strobel, CFO, to grow and develop the business. JZCP invested a total of USD18.4 million and is expected to receive total gross proceeds[1] of approximately USD34.3 million from the
The latest issue of Beauhurst’s The Deal shows that deal numbers in Britain’s start-ups and high growth companies in the first half of 2016 have fallen over 20 per cent compared to the second half of 2015.
The firm writes that it appears that the EU referendum and its impact on investor confidence has had a significant effect in the second quarter of this year. The number of deals completed on crowdfunding platforms has fallen for the first time on record, the firm says with deal numbers down 17 per cent against the second half of 2015.
Although fewer
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