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CHRONEXT, a curated online marketplace for luxury watches, has closed a series C financing round of EUR11 million led by Partech Ventures and joined by new backer Octopus Ventures alongside existing investors, Capnamic Ventures, NRW.BANK and InVenture Partners.
Founded in 2013 in Switzerland, CHRONEXT is a secure marketplace where new and second-hand luxury watches can be bought, sold, or serviced at fair prices. The company operates in the multi-billion Euro market for luxury watches. Currently, online sales account for 1 to 2% of the market and represent the fastest growing segment of the industry.
CHRONEXT achieved an impressive traction and
Centaur Asset Management has appointed Rose Omundi as Corporate Counsel. This is the latest in a series of senior-level appointments across the business.
Prior to moving to the UAE, Omundi was based in Kenya and worked for one of the leading banks in Kenya as a Senior Legal Counsel and Company Secretary to two of the bank’s subsidiary companies. Over the course of her career, she has amassed practical experience in corporate, commercial law, banking sector governance, regulatory and compliance issues and procedures. She has been involved in drafting and negotiating various commercial contracts, structuring loan transactions and security arrangements.
WorldQuant Ventures, an angel investment firm focused on disruptive companies in technology, has invested in Cycle Computing, a specialist in Big Compute software.
WorldQuant Ventures’ investment allows Cycle Computing to expand access for financial services companies to flexible and affordable cloud-based computing solutions.
“We are excited to announce our investment in Cycle Computing,” says Steven Lau, Managing Director at WorldQuant Ventures. “Companies in the financial services industry are increasingly turning to computing resources to help meet business and regulatory needs. We believe Cycle Computing’s innovative cloud computing platform, along with the growing demand for computing services, provides an attractive
Vivo Capital, a global healthcare investment firm, has closed a new healthcare venture capital focused fund, the Vivo PANDA Fund, at over USD100 million.
Vivo plans to invest the capital primarily in innovative early-stage healthcare companies across the industry spectrum, including pharmaceuticals, biotechnology, medical devices, and diagnostics. The addition of Vivo PANDA will enable the firm to invest in all stages in the life science industry's development cycles. Vivo PANDA will complement and build synergies with Vivo Capital Fund VIII, which invests primarily in later development stage and growth stage healthcare companies.
Vivo also intends to continue its strategy of
NextEnergy Capital Group (NEC) has held the first close of NextPower II, a private equity fund focused on acquiring operating solar power projects in Italy.
NextPower II has secured an initial commitment of EUR150 million, and will begin deploying capital imminently.
NextPower II’s strategy is to consolidate the large but highly fragmented Italian solar market. Italy has the second largest installed base of operating solar plants in the EU, and is the fifth-largest market globally, but is fragmented with the top 10 players accounting for only 7 per cent of the market. The majority of Italy’s solar assets were constructed
Private equity firm Harvest Partners has appointed Michael JP Klein as an Advisor. Klein will support the firm in identifying and evaluating investment opportunities in the automotive aftermarket parts, distribution, services, and retail sectors.
Klein has more than 35 years of experience in the automotive aftermarket, including CEO roles with Armored Auto Group, IDQ Holdings (a manufacturer of automotive A/C products), and Murray’s Discount Auto Stores. He has a history of driving businesses and shareholder value creation through organic growth initiatives and acquisitions. Mr. Klein currently serves as Vice Chairman of the Automotive Aftermarket Industry Association and is slated to
Specialist finance and advisory firm TCA Fund Management Group Corp is planning to launch a small-cap private equity fund to invest in under-served growth stage companies, primarily in the US and UK.
TCA Opportunities Fund I, LP, registered with the Guernsey Financial Services Commission will seek just to target 15 to 20 companies, using a US Dollar based vehicle as well as having a US based feeder.
According to the US census, there are more than 28 million small businesses with revenues between USD25-USD150 million who fall short of capital requirements from banks, peer to-peer lending, traditional private equity and
Private equity firm Inflexion’s portfolio company Succession has secured an investment package of over GBP25 million from HSBC and its existing shareholders, to continue its growth strategy through the acquisition of the best 50 firms from its affiliated membership by the end of 2017.
In the last three years Succession has acquired 25 firms to create a highly profitable, organically growing, national advisory business of scale.
Group Chief Executive of Succession, Simon Chamberlain, says: “We are at the half way point in our plan to create the UK’s largest independent wealth management business, with strong funds under management, and
Investec Specialist Bank continues to expand its Growth & Acquisition Finance team with the appointment of Nicole de Silva and Prasan Desai to the London office.
In their respective roles, Nicole and Prasan will report to James Stirling and focus on providing senior debt, mezzanine finance and minority equity across the entire capital structure.
Nicole joins from Royal Bank of Scotland (RBS) where she was Director of Corporate Transactions. During her time at RBS Nicole managed healthcare and commercial real estate portfolios, most recently focusing on structuring and executing leveraged transactions across the mid-market to support buy-outs, acquisitions, shareholder
Brazos Private Equity Partners, a Dallas-based private investment firm, has sold Ennis-Flint – a specialist in pavement markings and traffic safety solutions – to an affiliate of Olympus Partners. Financial terms of the transaction have not been disclosed.
Headquartered in Thomasville, North Carolina, Ennis-Flint serves more than 4,000 government and private sector customers in more than 60 countries through 20 manufacturing facilities and sales offices located across five continents.
During its time as an investor in the Company, Brazos has substantially grown and enhanced Ennis-Flint’s capabilities and performance, more than tripling corporate earnings during that period through acquisitions and organic
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