Latest News
Monroe Capital has increased the credit facility available to Cal Net Technology Group, a portfolio company of Boathouse Capital and Olympic Valley Capital, to support the acquisition of inhouseIT.
Cal Net is a provider of managed IT services, cloud, security services and Unified Communications in the Southern California region.
Based in Orange County, inhouseIT is a provider of managed IT services to small and medium sized business in the Orange County market.
The addition of inhouseIT to the Cal Net platform extends its capabilities for service, technical depth and reliability to inhouseIT’s clients.
Capstone Financial Group, an investment banking firm specialising in the auto aftermarket, has opened an office in Silicon Valley.
Located at 6203 San Ignacio Avenue in San Jose, the office will serve an automotive industry that is rapidly expanding in the area.
“Silicon Valley has become a hotbed of automotive development with Apple, Tesla, Google and others all entering the fray,” says Dan Smith, president of Capstone. “We anticipate that very soon much of the automotive industry will be centred here, so we wanted to be the first investment banking firm to establish this kind of local automotive presence.”
Private equity returns remained relatively flat in the first three months of the year, according to State Street’s GX Private Equity Index, which saw an overall return of 0.65 per cent for the period.
The index, which includes a dataset dating back to 1980, is based on directly sourced limited partnership data and represents more than USD2 trillion in private equity investments, with more than 2,500 unique private equity partnerships, as of 31 March 2016.
State Street says the return of US-focused funds remained unchanged from the previous quarter. Among all three main strategies, venture capital posted a loss of
Aberdeen Community Energy’s (ACE) flagship community renewable energy project, The Donside Hydro, has launched a share offer which it hopes will raise GBP500,000 by targeting a 7 per cent return for investors.
On track to complete construction and begin generating electricity by October 2016, The Donside Hydro is aiming to create a sustainable income for the local community by selling clean, renewable electricity to the national grid.
The project is expected to generate many thousands each year for a community fund and enough electricity to power the equivalent of around 130 homes annually.
ACE has developed a detailed
Pharos Capital Group, a private equity firm based in Dallas and Nashville, has acquired telepsychiatry services provider FasPsych in partnership with the company's founder, Ed Irby.
Irby, along with the company’s management team, rolled a significant equity stake in conjunction with the transaction.
FasPsych, founded in 2007 and headquartered in Scottsdale, Arizona, manages a specialised pool of contracted psychiatrists and psychiatric nurse practitioners from across the country to provide telepsychiatry services via real-time, interactive televideo communication.
Services are primarily provided in the Southwest US to hospitals, community mental health centres, residential mental health centres and various other mental
Nick Triantos has joined early-stage business software venture capital firm Ignition Partners as a venture partner in the firm’s new Los Altos office.
Triantos will use his background in venture capital and technology to identify new strategic investments for the firm in the areas of artificial intelligence, cybersecurity and VR/AR for the enterprise.
Triantos joins Ignition from SRI International, the research firm behind inventions such as Siri, the computer mouse and the ARPANET, where he was managing director of the ventures team. During his time at SRI, Triantos focused on software research labs, covering areas such as artificial intelligence
Manulife Investments is introducing the Manulife International Equity Private Trust and a Series F for the Manulife Dollar-Cost Averaging Fund (DCAF).
The Manulife International Equity Private Trust will be part of the Manulife Private Investment Pools, which now has a lower minimum entry point of USD100,000.
Launched in December 2012, Manulife Private Investment Pools offer investment pools spanning a range of asset classes.
The portfolios are managed by asset managers at Manulife Asset Management and Mawer Investment Management. The Manulife International Equity Private Trust is invested primarily in equity securities of companies located outside of Canada and the
Noerr has advised the Chinese company Shenyang Blue Silver Group (SBS Group) on a strategic investment in Germany, with the engineering and machinery company expected to acquire 85 per cent of the shares in the Dürr Ecoclean Group at the end of the year.
With annual sales of around EUR200 million, Dürr Ecoclean specialises in surface processing systems for industrial parts.
SBS will acquire the shares via its listed subsidiary Shenyang Blue Silver Industry Automation Equipment Co. The industrial group has sales revenues of EUR200 million and a workforce of 700.
The transaction is still subject to approval
A waste management firm operating across Devon, Cornwall and Somerset has received a GBP2 million investment from BGF (Business Growth Fund) alongside an additional GBP1.75 million of funding from HSBC to pursue growth.
The capital will be used to support the continued geographical expansion of Drainology across the South West.
Drainology, which carries out expert drain repair and surveys, is owned by Wales Environmental. Wales Environmental was founded in 1980 and provides liquid waste removal and drainage services to commercial and domestic customers. The business generates revenues close to GBP7 million and employs more than 80 people across the
Andrew Mertz has joined JMP Securities as a managing director in its equity capital markets division.
Based in the firm’s New York office, Mertz (pictured) assists publicly traded and privately held companies in the structuring and execution of equity offerings and equity-linked transactions.
“Andy has spent over 25 years in equity capital markets roles at some of Wall Street’s top growth-oriented investment banks,” says Mark Lehmann, JMP Securities’ president and head of equity capital markets. “His expertise and perspective will be hugely valuable to JMP’s corporate clients as they develop their financing strategies and seek access to institutional investors
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
