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Kensington Capital Partners has held the final closing of the Kensington Venture Fund after its exceeded its target of USD300 million in investor commitments.
The Fund, which raised a total of USD306 million, received its most recent commitments from a mix of wealth managers, private foundations, and individual investors.
"This is a great time to be investing in technology in Canada," says Rick Nathan, Managing Director of Kensington Capital Partners. "Our significant talent pool, vibrant startup environment, and improved access to capital – through the Kensington Venture Fund and other funding sources – make Canada a great place to
goTenna – the device that enables smartphone users to communicate without cell towers, wifi routers or even satellites – has secured a USD7.5 million Series A funding round ed by Walden Venture Capital, joined by MentorTech Ventures, BBG Ventures (a subsidiary of Verizon), and Bloomberg Beta.
The round also includes Wareness.io, a strategic fund focused on hardware; Kenneth Horowitz, a founder of Cellular One (acquired by AT&T) and pioneer in the cellular industry; and Howard Finkelstein, who ran data and telecommunications businesses for John Kluge’s Metromedia Company. With the new financing, goTenna intends to grow its team and product pipeline,
Tikehau IM’s Novo 2 fund has finalised its participation in a new seven-year bond issuance for the Prodware Group. The fund is underwriting EUR25 million of the EUR50 million total issue.
Founded in 1989 by Philippe Bouaziz, Prodware Group is an international vendor and integrator of industry-specific and role-tailored IT solutions and applications. It is listed on the Alternext market. The Group has progressively developed its own solutions and currently delivers more than 23 industry-specific and 12 business software solutions to a wide range of industries.
By June 30th 2015, Prodware Group had generated, EUR175.3 million in revenues and
United Overseas Bank Limited (UOB) has partnered with global equity crowdfunding platform, OurCrowd, allowing the accredited investors among UOB’s clients to broaden their investments into OurCrowd;s portfolio companies.
The collaboration will see UOB making a USD10 million investment in OurCrowd.
Through this collaboration, Asian companies with differentiated and highly scalable technology products and services will now get access to another source of funding through OurCrowd’s equity crowdfunding platform. Through equity crowdfunding, they can seek relatively small investments from a large number of investors in return for equity or shares in their startup company. It provides them with the funding
The Preqin Investor Outlook: Alternative Assets, H1 2016 finds that investors are mixed in their attitudes to the alternative assets industry. The majority (65 per cent) of investors holds a positive general perception of private equity, and only 6 per cent have a negative perception.
However, more hedge fund investors hold a negative view of the asset class (38 per cent) than have a positive perception (32 per cent), and almost twice as many natural resources investors currently have a negative perception (33 per cent) compared to those who are positive about the asset class (17 per cent).
This
50 South Capital Advisors, the investment advisory subsidiary of Northern Trust is to acquire the hedge fund solutions provider Aurora Investment Management, a wholly-owned subsidiary of Natixis Global Asset Management.
The addition of Chicago-based Aurora will offer clients of both firms access to an expanded global alternative investment platform with the size and resources to deliver comprehensive hedge fund, private equity and real asset solutions.
“This strategic acquisition supports our objective as a trusted asset manager to provide solutions that are suited to client investment objectives and risk tolerances,” says Northern Trust Chairman and Chief Executive Officer Frederick H
Cyrus Investment Management (CIM), ab engineering turnaround EIS investment adviser, has acquired Ramp Surface Coatings Ltd a specialised surface coatings operation based in Yeovil.
Cyrus’s first EIS Fund, Cyrus Precision Engineering EIS Fund 1, is now fully invested in four portfolio companies across the Aerospace, Defence and Security sectors after closing in April 2015.
One hundred per cent of Ramp’s labour force has been retained and CIM will expand the business’s loyal customer base through the injection of new capital, products, and senior management.
Ian Watkins, Chief Investment Officer of Cyrus Investment Management, says: ”We are absolutely delighted
Ogier in Jersey has assisted Slaughter and May in advising US infrastructure investor Global Infrastructure Partners on its sale of London City Airport to a consortium of buyers for around GBP2 billion.
The group of investors comprises Ontario Teachers’ Pensions Plan Board, Alberta Investment Management Corporation, Borealis Infrastructure and Wren House Infrastructure.
London City Airport serves around four million passengers a year, a figure that has almost doubled since 2005.
The Ogier team was led by partners Matthew Shaxson and Raulin Amy and assisted by Dilmun Leach (senior associate).
Commenting on the deal Matthew Shaxson says: “We are
HIG Capital (HIG) has promoted John Von Bargen and Todd Ofenloch to Managing Director in its US LBO group.
Von Bargen has been a member of the Boston LBO team since joining the firm as an Associate in 2004. He has been a key player in a number of successful current and previous investments, including Insight Global, Accupac, nextSource, and most recently, Constructive Media. Von Bargen has also been a major contributor in other parts of the firm, including leading the annual training program and taking on and achieving successful results for HIG in a number of legacy investments.
Ofenloch
NVM Private Equity (NVM) has exited from Kitwave Wholesale Group, a delivered wholesaler with a wide product range including confectionery, soft drinks, ice-cream, alcohol and tobacco.
The company has transformed itself from being a regional confectionery business to a national wholesaler through 11 acquisitions since 2006. The sale represents a gross money multiple of 3.0 times on NVM’s original investment.
Kitwave, founded by CEO Paul Young in 1988, has a reputation for excellence in service quality, product availability and customer relationships and has laid a strong foundation for the future. As well as now having nationwide delivery capability, the
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