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Arma Partners has acted as exclusive financial advisor to Azzurri Communications Ltd on its sale to Maintel Holdings PLC (AIM:MAI).
Azzurri Communications provides a variety of communication services, including cloud, data, mobile, unified communications and managed services products to an attractive enterprise customer base across both the public and private sector. The acquisition will achieve greater scale and visibility for the combined business and accelerate Maintel’s shift into cloud and data, ensuring that the company is well positioned to exploit these high growth areas of the unified communications market. This deal is a further example of continuing consolidation in the
Huron Capital Partners has launched an expanded strategy aimed at less-than-majority investments built on the firm's lower middle-market heritage and current industry focus areas.
The "Flex" Equity strategy will be led by seasoned investment managers Douglas Sutton and Charles Sheridan, who joined Huron Capital after 13 years at BMO Private Equity (US) Inc, where they led a similar investment approach focused on the lower middle-market.
The Flex Equity strategy serves as a complementary extension of Huron Capital's strong franchise in the lower middle-market and will focus on the same types of companies within Huron Capital's core industry sectors of business
Private equity firm Strattam Capital is to partner with Blacksmith Applications’ management team to make an investment that will support expansion of the product suite in response to growing customer demand.
Under the terms of the agreement, Strattam is purchasing a majority ownership position from existing shareholders. The company’s leadership team, led by Founder and CEO Paul Wietecha, will retain a significant ownership stake.
“Our partnership with Strattam is a terrific development for Blacksmith, our employees, and our customers, who trust our easy-to-use, scalable platform with their most critical information every day,” said Paul Wietecha, who, along with the rest
Mooreland Partners acted as the exclusive financial advisor to TravelSky Technology Limited on its acquisition of OpenJaw Technologies Limited, a subsidiary of GuestLogix, Inc. The transaction is expected to close on or before 6 May, 2016, subject to customary closing conditions.
Headquartered in Beijing, TravelSky Technology provides software and related services to the aviation and travel industries in the People's Republic of China. Its services include electronic travel distribution, airport passenger processing, reservation system maintenance, e-ticketing, and information management for airlines. Since its founding in 2000, TravelSky has grown revenue to over $840 million and is now one of the
Kayne Anderson Capital Advisors and NewRoad Capital Partners have partnered to form Kayne NewRoad Ventures Fund II (KNRVF II), which will build on the success of NewRoad Ventures by continuing to partner with experienced management teams in early-stage, technology-enabled businesses within retail and other large growth opportunities.
The Fund will also seek strategic opportunities to create demand-driven businesses to serve existing, unmet needs in the marketplace through its strategic partners and unique sourcing capabilities.
KNRVF II has received total commitments of USD90 million from investors in NewRoad Ventures Fund I, the Arkansas Venture Development Fund, other local Northwest Arkansas-based investors,
Bridge Growth Partners has acquired a majority interest in Solace Systems, a provider of infrastructure messaging technology. Solace technology efficiently moves mission critical, real-time data across and between businesses and global ecosystems.
Solace products, which are deployed in many global organizations across a wide range of industries, including financial services, telecommunications and manufacturing, enable enterprises to fully leverage the power of cloud computing, Big Data, the Internet of Things, and mobile computing within their corporate technology infrastructure.
“We are very pleased to partner with Bridge Growth Partners and are excited that they share our vision and commitment to putting customers
Prestige Fund Management and Affiliated companies (Prestige), a specialist direct lending investment management group has recently celebrated the seventh birthday of its “Alternative Finance Fund” by passing USD500 million/GBP350 million in assets under management.
Group assets raised since 2008 now stand at approximately USD1.1 billion/GBP780 million. Prestige, focuses on commercial loans for small and medium enterprises (SMEs) in the UK, launched its loan strategy in 2008 and now has over 60 employees and retained consultants globally. Specialist financing areas of focus include asset, project and invoice finance related opportunities.
The milestone comes for Prestige as pension funds and other
Latest figures published today by the Association of Investment Companies (AIC) report that the Venture Capital Trust (VCT) sector raised GBP457.5m in the 2015/2016 tax year – the third highest on record.
This compares to GBP429m in the 2014/15 tax year, which itself was a strong year for fundraising and is now the fifth highest on record. VCT funds under management to 5 April 2016 (GBP3.6 billion) are slightly up on last year (GBP3.5 billion).
Ian Sayers, Chief Executive, Association of Investment Companies (AIC) says: “The VCT sector has now seen twenty one years of annual fundraising, so it
Advent International has agreed to sell its investment in Tinsa, a leading provider of property valuation, analysis and real estate advisory services, to Cinven. The value of the transaction has not been disclosed.
Tinsa, established in 1985 and headquartered in Madrid, Spain, provides appraisals for commercial and residential properties to banks, corporates (including real estate investment firms and local authorities) and individuals.
Advent acquired Tinsa in November 2010 from the company's original shareholders made up of 35 Spanish savings banks along with the Spanish Confederation of Savings Banks (CECA).
With Advent’s support, Tinsa has become the largest real
International law firm Watson Farley & Williams (WFW) has advised mid-market investor Aurelius Group (Aurelius) on the successful completion of its cross-border acquisition of Colt Group SA’s virtualised cloud computing and managed hosting services business, Colt Managed Cloud (CMC).
WFW advised Aurelius on all corporate aspects of the transaction, in which CMC has been fully integrated into Aurelius’ ICT Services subsidiary Getronics. This has created a long-term strategic partnership between Getronics and Colt, in which Getronics will also provide its Cloud services to Colt’s customer base and utilise Colt’s data centre and network.
CMC is a leading European provider of
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