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Clearlake Capital Group is to sell NetMotion Wireless, a provider of mobile security software solutions, to The Carlyle Group.
The transaction is expected to close in the third quarter of 2016, subject to normal closing conditions and regulatory approvals.
Financial terms of the deal have not been disclosed.
Since Clearlake’s acquisition of the company in 2012, NetMotion has built on its leadership position in the mobile security market. NetMotion mobile security solutions manage, optimise, accelerate, and secure all traffic to mobile devices across any network, application or operating system.
Under its ownership, Clearlake supported NetMotion and the
Kaye Scholer has moved its London office from 140 Aldersgate Street to the 33rd floor at CityPoint on Ropemaker Street, Moorgate.
Home to many of London’s llegal and financial firms, CityPoint is a landmark skyscraper located in London’s primary financial district and historic nucleus.
In addition to closer proximity to the firm’s key client base and direct access to London's new Crossrail Link, the 'Elizabeth Line', the new location of the London office offers approximately double the amount of space.
“We are delighted to be moving to our new offices at CityPoint, a space that both better accommodates our current
Corporate attorney Paul Tobias, known for his work with technology and growth companies, has joined Vinson & Elkins as a partner in the firm’s Austin office.
Tobias represents technology companies in all phases of their growth, from start-up and venture financing, to acquisitions and public offerings and public company governance.
He previously practiced at Wilson Sonsini Goodrich & Rosati, where he was the founding partner of the firm’s Austin office.
“Paul is, without a doubt, one of the most respected corporate lawyers in Texas,” says V&E chairman Mark Kelly. “We are focused on expanding V&E’s technology practice
European curated shopping service Outfittery has raised USD22 million in new funding.
The backing comes from London and New York-based venture capital firm Octopus Ventures, which is leading the round, as well as the U-Start Club, an Italian group including some of the world’s most renowned fashion families.
Existing investors Northzone Capital, Highland Europe, Holtzbrinck Ventures and Mangrove Capital Partners have also joined the round. The company wants to use the fresh capital to further expand its leadership position within the European curated shopping market and improve customer experience.
“In 2012, we founded Outfittery with the mission to revolutionise
Hanover Investors has completed the acquisition of AIM listed Hydro International, a storm water and waste water engineering business.
The business was bought for a total consideration of circa GBP29 million by the Hanover Active Equity Fund through a Scheme of Arrangement.
This is the first investment by the fund and fits into its strategy of private equity style involvement in listed entities, including take-privates.
The team at Hanover identified Hydro as a business constrained by the public markets, showing tangible value potential. Hydro operates in niche engineering segments of the storm water and waste water sectors which are growing quickly and are influenced positively by regulatory drivers. The US and Middle East markets, which contribute
Cowen Group has expanded its investment banking team with the addition of four managing directors.
They are Stephen Clarke, industrials; Zachary Fisher, technology, media and telecommunications (TMT); A. Scott Lemone, retail and consumer; and Prasad Parmeshwaran, healthcare M&A.
Clarke, Fisher and Lemone have also brought their existing book of mandates to be completed at Cowen and Company.
“Today’s announcement is a continuation of Cowen’s disciplined plan to expand its investment banking capabilities within our focus sectors,” says Kevin Raidy, head of investment banking. “Our new colleagues enhance our existing capabilities in industrials, TMT, consumer and health care. Stephen,
UK peer-to-peer finance platform Assetz Capital has received a 5-Star rating from Defaqto in the independent financial information business’ first ‘Loan Based Crowdfunding’ analysis.
Assetz Capital’s rating, which relates to investing on the platform, is one of only four 5-Star peer-to-peer awards made by Defaqto.
Assetz Capital has facilitated the investment of more than GBP130 million into credit-worthy UK businesses since its launch in March 2013 with a resultant GBP13 million of gross interest before tax earned by lenders. Every Assetz loan is backed with property, and/or other realisable security in order to minimise the risk for investors.
Stuart Law,
Loan and bond administrator GLAS has expanded its operations to Asia with the opening of a new office in Singapore headed by Paul Wilden.
The move has been driven by an increased demand for alternative loan and paying agency, and escrow service providers as banks reduce their involvement in the market.
GLAS offers a wide range of administration services to lenders, borrowers, issuers and advisers across the loan and debt markets, specialising in complex deals including loan and bond restructurings. These services have been used by Atlas Iron, Consolidated Minerals and 3i Infotech since GLAS was established in Europe
The Greater Manchester Loan Fund (GMLF) is celebrating its third anniversary, having already invested over GBP10 million in 22 local businesses.
The GMLF has the potential to invest up to a further GBP10 million, through loans of between GBP100,000 and GBP750,000 to eligible businesses.
Andy Thomas, investment director at Maven Capital Partners, the fund Manager for the GMLF, says: “The GMLF is very much open for business and we’ve been hugely encouraged by the levels of interest in the fund. We’ve seen a wide cross-section of businesses by sector and funding requirement, with applications from relatively mature businesses through
Mid-market private equity firm Bowmark Capital has sold CSL, a provider of critical connectivity solutions for machine-to-machine communications, to Norland Capital, ICONIQ Capital and RIT Capital Partners for an undisclosed sum.
CSL pioneered dual signalling technology in the alarm security industry where it manages the communications for over 400,000 commercial, retail and residential premises.
Since Bowmark invested in 2011, CSL has doubled both sales and profits and has significantly extended its product portfolio. The company has also expanded into new sectors, such as telehealth, and new geographic regions, including Ireland, Sweden and the Netherlands.
Charles Ind, Bowmark managing
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