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Affiliates of Siris Capital Group have completed the acquisition of Xura, a provider of digital communications services, in a transaction valued at approximately USD643 million.
The deal, which was initially announced on 23 May, was approved by a majority of Xura's shareholders on 16 August.
In connection with the closing of the transaction, the company, which will continue to operate as Xura Inc, will be wholly owned by affiliates of Siris Capital.
Xura aims to revolutionise the way the world communicates, accelerating its development of digital communications solutions for CSPs that will transform future engagement experiences across all
Global University Systems (GUS) is to acquire Arden University, an online distance and blended learning university with 6,500 students, from US-based Capella Education Company.
Aaron Etingen, founder and CEO of GUS, says: “I am pleased to announce Arden University as the newest member of Global University Systems, with its strong position in the UK market for distance and blended learning. We look forward to working with Arden to build its offering of online and blended degree and masters programmes, to meet growing UK and international demand from employers and students for career-enhancing learning in the digital economy.”
Dr Philip Hallam,
Audax Private Equity is selling Laborie Medical technologies to Patricia Industries, a part of Investor AB.
Headquartered in Mississauga, Ontario, Laborie Medical Technologies is a provider of medical devices for urological, pelvic health and gastrointestinal applications.
The company’s products are used in the diagnosis and treatment of urinary incontinence and other urological and GI conditions.
Laborie supplies physician offices, hospitals, and mobile providers on six continents. Since Audax’ initial investment in 2012, Laborie has completed 14 acquisitions to expand product lines and enter international markets.
Geoffrey Rehnert, co-chief executive officer of Audax Group, says: “Brian Ellacott and
The USD1bn Club of infrastructure investors, a group of 69 institutional investors that have allocated USD1 billion or more to the asset class, have become dominant players in the infrastucture fundraising market, according to research by Preqin.
More than two-thirds (69 per cent) of the USD1bn Club have a separate infrastructure allocation, compared to 34 per cent of smaller investors. USD1bn Club investors also have an average allocation to infrastructure of 7.0 per cent of total AUM, compared to 3.3 per cent for their smaller counterparts.
This level of resource and experience allows them greater access to the market
Cambridge Innovation Capital (CIC), a Cambridge-based investor in technology and healthcare companies, has raised GBP75 million of new capital.
CIC was founded in 2013 as an initiative by the University of Cambridge to create a local entity that would be able to provide growth capital to promising businesses arising from the University of Cambridge and the wider Cambridge Cluster, Europe’s largest technology cluster.
CIC provides long term capital to support the sustained growth of investee companies.
CIC is a preferred investor of the University of Cambridge and has a unique relationship with Cambridge Enterprise, the commercialisation arm of
Wi-Fi thermostat producer ecobee has closed on a USD35 million funding round led by the Amazon Alexa Fund, Thomvest and Relay Ventures.
“These investments enable ecobee to drive significant operational improvements, profitable growth and future product innovations for our customers,” says Stuart Lombard, president and CEO of ecobee. “We see this as a strong vote of confidence in our market-leading products and the growth potential of the connected home market.”
Since its founding in 2007, ecobee has experienced more than 100 per cent year-over-year growth, and has recently been named number one on Navigant’s annual Smart Thermostat Leaderboard rankings.
A decade after starting Blue Sky Alternative Investments, founder Mark Sowerby will hand over the reins to the company’s current chief operating officer, Robert Shand, on 30 September 2016.
Shand has been with Blue Sky since 2010, was promoted to chief operating officer in 2013, and is well known to Blue Sky’s investor and associate network. He will replace Sowerby as managing director, backed by the existing team.
Sowerby, who will remain an active adviser to the business and a significant shareholder, is stepping down to spend time with his family and increase his involvement in other projects with
Substance in the fund management sector, particularly in the context of the Alternative Investment Fund Managers Directive (AIFMD) and Base Erosion and Profit Shifting (BEPS) initiative, is of increasing importance, according to a Guernsey Finance white paper.
Investment funds – Why substance is key, written by funds journalist Kirstie Brewer, examines how the need to prove that an offshore fund manager has the necessary ‘substance’ to its business dealings and functionality has never been more acute, particularly in the context of the current climate of regulatory reforms and politically-motivated improvement of tax transparency.
The white paper looks specifically at
Pricoa Capital Group provided more than USD5.3 billion of private capital in the first half of 2016 to companies and projects globally, increasing its overall portfolio to a record high of approximately USD76 billion in total assets.
Pricoa Capital Group is the private placement arm of PGIM, the global investment management businesses of US-headquartered Prudential Financial.
“For more than 75 years, Pricoa Capital Group’s commitment to investing in long-term relationships has allowed us to consistently offer financial support to high-quality private and public companies around the world – even during periods of sustained volatility,” says Allen A Weaver, senior
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,
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