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ID Experts, a provider of software and services for cyber breach and identity fraud protection, has raised a USD27.5 million round of equity funding.
Healthcare private equity firm Peloton Equity and cybersecurity venture capital firm Trident Capital Cybersecurity, along with existing investors BlueCross BlueShield Venture Partners and the Sandbox Advantage Fund, participated in the round.
ID Experts will use the funding, combined with cash provided from operations, to repurchase shares from select existing shareholders and to continue to innovate its suite of SaaS-based technologies that address the complex cybersecurity and breach risks faced by healthcare, retail, education, and government organisations,
Investec Growth & Acquisition Finance has supported the recapitalisation of Romford-based aviation business Farsound by Rubicon Partners and Grovepoint Capital, an investment partnership focused on the acquisition of industrial businesses in Europe and North America.
Farsound is a global supply chain provider and manufacturer of consumable component parts to the aerospace engine sector. It was acquired in July 2011 by Rubicon Partners and today comprises two divisions: Farsound Aviation and XCEL Aerospace.
The group supplies maintenance, repair and operations (MRO) workshops with parts mainly for overhaul maintenance in the engine after-market. Farsound had a group turnover of around GBP18.9 million
Shareholders of visual analytics software specialist Qlik have approved the sale of the company to private equity investment firm Thoma Bravo.
With the shareholder vote complete, all approvals required to complete the transaction have been received and the transaction is expected to close on 22 August 2016.
Upon closing, Qlik shareholders will be entitled to receive USD30.50 in cash for each share of Qlik common stock they hold.
Lars Björk, chief executive officer of Qlik, says: "We believe our partnership with Thoma Bravo represents a tremendous opportunity to further expand upon our platform-based approach to business intelligence and
Preston Hollow Capital has closed on a USD225 million equity investment commitment from funds managed by HarbourVest Partners.
Preston Hollow Capital will use the proceeds from the investment to expand the company’s municipal finance specialty origination platform and to pursue complementary strategic investments and acquisitions.
“This significant relationship with HarbourVest will provision our continued growth in several ways,” says Jim Thompson, chairman and CEO of Preston Hollow Capital. “HarbourVest’s potent combination of capital and broad investment experience comprehensively deepens our resources. With a total of USD650 million in committed equity capital, we’re well-positioned as a strong, creative financial partner in
Perella Weinberg Partners has appointed Mauro Rossi has a managing director in the firm’s advisory business.
Based in New York, Rossi will be a member of the firm’s financial institutions group (FIG), providing strategic and financial advice to clients in the insurance sector.
Rossi has over 15 years of financial services industry experience. He joins from Morgan Stanley where he was an executive director focused on mergers and acquisitions, strategic advisory, corporate restructuring and capital raising transactions for clients in all sectors of the insurance industry. Prior to that, he worked at Lehman Brothers and, subsequently, Barclays Capital in
Goldman Sachs Alternative Investments & Manager Selection (AIMS) has made a minority investment in private investment firm Littlejohn & Co.
The investment was made through Goldman's AIMS Petershill programme.
AIMS Petershill is purchasing a passive, non-voting, primary stake in Littlejohn representing less than 10 per cent.
The investment follows a 17-year relationship between AIMS and Littlejohn in which AIMS has been an investor in all of Littlejohn's committed capital private equity funds.
Specific terms of the transaction have not been disclosed. None of the AIMS Petershill capital is being distributed, and all proceeds from the investment will be
Digital media platform Drivetribe has completed a USD5.5 million Series A funding round led by Breyer Capital with additional participation by Atomico and other individual investors.
Drivetribe, which expects to officially launch in November 2016, aims to become the top digital publishing home for motoring.
The company was co-founded by a five-member team, including former Top Gear hosts Jeremy Clarkson, Richard Hammond and James May, former Top Gear executive producer Andy Wilman and serial technology and media entrepreneur Ernesto Schmitt.
The platform will support video, articles, social and interactive content – structured into different content streams called “tribes”
Fast-growth small and medium-sized enterprises stand to be the big winners from the Australian Federal Government’s proposed new National Innovation Fund, says the Australian Private Equity and Venture Capital Association Limited (AVCAL).
“We know that the nation’s economic prosperity rests on our capacity to nurture more competitive and innovative Australian businesses,” says Yasser El-Ansary, AVCAL’s chief executive.
“The government’s commitment to explore the creation of a new innovation investment fund to help support the growth of mid-market businesses through partnerships with experienced private capital managers is a major step forward. It is great to see the government acknowledging industry
Clearwater International has advised the owners of Dutch European Camping Group (ECG) on its sale to French Homair Group (HOMAIR), a provider of camping holidays.
In 2016, ECG will assist more than 100,000 guests when booking their camping holidays and short family vacations. The majority of holidays sold are camping under ECG’s high-end brands, Roan and Go4Camp.
ECG currently owns 1,500 mobile homes and 1,000 luxury tents on various campsites in Italy, France, Croatia and Slovenia. Third party camping holidays are sold on the online platforms www.allcamps.nl and www.go4holiday.nl, which are owned and managed by ECG.
HOMAIR’s acquisition
Having recently announced GBP70 million in long-term funding, rent-to-buy specialist Rentplus has secured a further GBP20 million from Crestline Investors to expand its nationwide pipeline of delivering affordable homes.
The company, which was formed in 2012 and is planning to deliver 5,000 new homes by 2020, can draw the initial GBP20 million over the next two years and also has the option for a further GBP20 million.
Earlier this year, Rentplus, which is in contract to deliver homes in Cambridgeshire, Gloucestershire, Oxfordshire, Essex, Suffolk, Northants, Devon, Somerset, West Devon, South Hams, Sedgemoor, Plymouth and Bicester by March next year,
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