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UK-based private equity house Maven Capital Partners (Maven) has completed a GBP2.5 million investment in The GP Service (UK) Limited (GPS), a provider of online services for general medical consultations and prescriptions.
The investment will enable GPS to accelerate the roll-out of its service across new geographical locations, and develop a range of products and services where there are strong market drivers.
GPS is led by experienced entrepreneur Atul Devani as Executive Chairman. Atul was the founder of United Clearing, which listed on AIM in 2004, before being sold in 2006 for GBP25 million. He then served as CEO
Funds advised by CVC Capital Partners have completed the sale of Education International Corporation (EIC) to a consortium led by NLD Investment (NLD), a Chinese private equity fund, in partnership with the management and the founder of EIC.
Financial details of the transaction have not been disclosed.
EIC is China’s largest overseas educational counselling service provider, with a 13 per cent national market share. The Company is also a leading integrated overseas education advisory services provider in China, offering market leading complementary test preparation services as part of the integrated overseas education advisory services to students. Since its inception
YieldStreet has launched the world’s first tech enabled specialty finance and alternative lending platform connecting accredited investors to asset based investments.
YieldStreet is designed to offer opportunities that are backed by collateral, have low market correlation, and generate strong yield, such as loans secured by real estate portfolios, litigation finance investments or even a loan to an NBA player secured by his contract. Investments have low minimums starting at USD5,000 with average target yields in the mid-teens. In the past, such options were exclusively available to ultra high net worth individuals, hedge funds or institutional investors.
Founder and CEO, Milind
Flare Capital Partners, a healthcare technology venture capital firm, has appointed Dr. Gary Gottlieb
One year since Flare Capital’s launch and initial fund closing, the firm continues to expand its broad network of specialised resources that are leading the transformation of the business of healthcare. Flare Capital’s new team members offer unrivalled perspectives on the changing healthcare landscape and healthcare policy reform and practical insights into both the payer and provider markets. The new Executive Partners will advise on potential investment opportunities, be valuable resources to portfolio companies, and provide insights as to the direction of innovation in healthcare.
They join the
BlackRock has completed the final close of its third direct co-investment private equity fund – BlackRock Private Opportunities Fund III (POF III) – with over USD630 million in total commitments.
Investors include public and private pension funds, insurers and foundations in North America and Europe.
The fund close comes at a time when investors are increasingly embracing alternative investments, such as private equity. Russell Steenberg, Managing Director and Global Head of BlackRock Private Equity Partners says: “We are pleased with such strong interest from a broad range of institutional clients in multiple geographies.”
POF III is a global direct co-investment
Accordion Partners has launched a financial Accounting & Advisory Services (FAAS) practice, providing operational accounting, performance improvement and technical accounting support.
Accordion, a strategic and operational finance consulting firm, has created the FAAS group to complement its existing Strategic Finance practice in offering deep financial, technical and operational expertise to private equity portfolio companies and middle-market companies within the Office of the CFO.
Accordion has hired Rich Medor to head the new practice group, serving as Managing Director, Head of Financial Accounting & Advisory Services. Prior to joining Accordion, Medor spent five years as an Operational Executive at Viacom
An AIM listing is the planned exit strategy for less than a quarter (23 per cent) of UK technology entrepreneurs, according to new research from law firm Nabarro. This is despite the strong demand from AIM investors for opportunities to invest in the tech sector.
Technology sector stocks made up an average 31 per cent of the portfolios of the investors interviewed by Nabarro, with 88 per cent planning to increase (53 per cent) or maintain (35 per cent) their exposure to AIM tech stocks in the next five years.
The performance of tech companies on the AIM market
Dallas-based buyout firm LongWater Opportunities has closed on its second equity fund, LWO Fund II, LP, a vehicle focused on control investments in lower middle market US based manufacturing companies.
LongWater completed its fundraising process in just under nine months and was oversubscribed on its USD50 million target.
“We are excited to see investors validating our strategy and believe that reshoring will continue to proliferate in the U.S. American workers are the most productive in the world and we are passionate about leveraging American ingenuity to build great American businesses,” says Jordan Bastable, LongWater partner.
LongWater has been
TIGER 21, a peer-to-peer learning network for high-net-worth investors, reports that investment in private equity continues its upward trend, increasing by one per cent to 23 per cent in the first quarter of 2016, the highest rate ever recorded for the group.
TIGER 21 now has more than 400 Members who manage in excess of USD40 billion in personal investible assets. Members' traditional "risk equity" allocation is now 70 per cent when private equity is added to public equity and real estate allocations, and an even higher 78 per cent when allocations to hedge funds are added in.
"While some
Following the biggest dollar year ever for mergers and acquisition (M&A) transactions in 2015, an overwhelming 87 per cent of executives at US corporations and private equity firms predict their organisations' deal volume will continue, or even increase in 2016.
That’s according to the findings of the third annual "Deloitte M&A Trends Report, which reveals that this positive market sentiment is despite the 40 per cent drop in US deal volume in the first quarter of 2016, compared to the first quarter of 2015.
That lacklustre start to the year, however, likely helped identify ongoing areas of concern for survey
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