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JumpStart has made a new USD1 million commitment to support the operations of the North Coast Angel Fund (NCAF) until 2022. The Cleveland-based venture development organisation – which helped underwrite the creation of NCAF in 2006 – has now committed a total of USD4.1 million in operating support to the angel fund over 16 years.
NCAF is Northeast Ohio's first professionally managed angel fund and has focused on early-stage technology investments. To date, NCAF and its members have directly invested more than USD30 million in 40 portfolio companies that have gone on to raise USD450 million in follow-on funding from
Sight Machine has raised USD13.5 million in Series B venture capital round led by Chicago-based Jump Capital with participation by GE Ventures, Two Roads Group and Pritzker Group Venture Capital.
"Sight Machine is developing the technology that will bring us closer to the realisation of the brilliant factory," says Karen Kerr, Senior Managing Director of Advanced Manufacturing at GE Ventures, a unit of General Electric Co. (NYSE:GE). "The ability to effectively manage and analyze manufacturing data will change so many industries, and we are proud to partner with Sight Machine to help grow and commercialise its business."
“Sight Machine is
IK Investment Partners (IK), a European private equity advisory group with Nordic roots, has closed its first fund focused on the small cap market, the IK Small Cap I Fund (“IK Small Cap I” or “the Fund”), at its hard cap.
The fund received strong support from existing and new investors, with total commitments of EUR277 million.
“The confidence expressed by investors demonstrates the appreciation of IK’s active ownership model focused on growth, internationalisation, professionalisation and operational improvement applied to the small cap space on a European scale,” says Christopher Masek, CEO at IK Investment Partners.
IK Small
Asset management firm Fiera Capital Corporation has formed a joint venture with Toronto-based Aquila Infrastructure Management, a manager of infrastructure investments.
The newly-formed alternative investment company, Fiera Infrastructure will have invested and committed capital of some CAD500 million and will benefit from a strong pipeline of investment opportunities.
"The infrastructure sector's importance to the global investment community cannot be overstated," says Fiera Capital Chairman and CEO Jean-Guy Desjardins. "This transaction is in line with Fiera Capital's strategy of expanding its current service offering in alternative strategies and enhances our ability to offer our clients the best possible investment opportunities in
Burford Capital has reported a 27 per cent increase in operating profit to USD77.2 millionfor teh year ended 31 December 2015 (2014: USD60.7 million) and 21 per cent increase in profit after tax to USD65.7 million (2014: USD54.2 million), contributing to a 16 per cent ROE.
Income increased by 26 per cent to a record USD103.0 million (2014: USD82 million), driven by 82 per cent increase in income from litigation-related investments to USD86.9 million (2014: USD47.8 million).
The company also saw strong growth in earnings per share, up 42 per cent to 32¢ (2014: 22¢), supporting 14 per cent increase
Advent International has completed fundraising for Advent International GPE VIII Limited Partnership (GPE VIII), reaching its hard cap of USD13 billion (EUR12 billion) after six months in the market.
Advent’s previous global fund, GPE VII, closed on USD10.8 billion (EUR8.5 billion) in 2012.
GPE (Global Private Equity) VIII will pursue the same strategy as its predecessor funds, investing in buyouts, recapitalisations and growth equity transactions, primarily in Europe and North America and selectively in other regions such as Asia and Latin America. The Fund will focus on five industry sectors in which Advent has significant experience and knowledge: business
Growth-focused private equity firm Tritium Partners has formed a new acquisition platform with Max Narro, which will focus on acquiring companies and products in the financial technology sector.
Narro joins Tritium as a CEO Partner in the Tritium CEO Partners program where he will work closely with the firm to establish investment themes, execute acquisitions of growth companies, and serve as a Director and CEO of the new platform company. Tritium’s principals established this program over a decade ago in order to invest alongside top-notch executive talent through buy-and-build strategies.
A 30-year veteran of the financial industry, Narro most recently
Private equity investor Spring Ventures has backed the MBO of Home from Hospital Limited, trading as HFH Healthcare (HFH), providing GBP10.6m of equity in return for a majority stake, in addition to underwriting the acquisition debt requirement.
Healthcare is one of four key sectors Spring Ventures focuses on. The UK market for high acuity home care is growing rapidly due to medical advances and increasing patient choice. It has recently seen high levels of acquisitive activity from private equity investors and trade buyers.
HFH was founded in 2011 to provide long-term homecare for individuals with highly complex medical needs
The allocation of risk in the design of contracts for mergers and acquisitions continues to favour sellers in Europe, and the selling side is in a much stronger negotiating position. That’s the conclusion of the eighth CMS European M&A Study.
Last year, sellers were more often able to incorporate lower liability caps and shorter warranty periods into agreements, in addition to negotiating other advantageous risk allocation arrangements.
"The ongoing terrorist threat, interest rate rises in the US, the growth slowdown in China and the refugee crisis made uncertainty a defining feature of 2015. It is all the more impressive that
Barclays has formed a partnership with the UK Business Angels Association (UKBAA), to support its Birmingham Eagle Labs Incubator.
The partnership will see the bank and UKBAA- the trade body for angel and early stage investing- pioneer new Angel Hubs, by including local angel investors in Barclays’ new network of entrepreneurial spaces. The intention is that through the collaboration, entrepreneurs will have access to a range of experts for mentorship and guidance around topics such as funding, as well as access to physical space in which to develop their business ideas and to grow.
Richard Heggie, Head of High
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