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Teralys Capital has held the final closing of the significantly oversubscribed USD375 million Teralys Capital Innovation Fund (the fund).
Teralys' most recent fund of funds was created under the Government of Canada's Venture Capital Action Plan (VCAP) in collaboration with the Government of Québec as well as leading Canadian and International institutional investors.
Teralys Capital Innovation Fund is backed by: (i) leading Canadian and international institutional investors such as Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ, Investissement Québec, BDC Capital, Fondaction CSN, Fiera Capital, Lune Rouge, Bpifrance, National Bank of Canada, La Capitale, Desjardins Group and
The Guernsey Investment Fund Association (GIFA) has signed a Memorandum of Understanding (MoU) with the China Association of Private Equity (CAPE).
The British Private Equity & Venture Capital Association’s Channel Islands Working Group (BVCA CIWG) was also a signatory to the MoU and will enjoy the benefits that come with closer ties.
The agreement, which was signed at CAPE’s Beijing offices earlier this month by CAPE’s Secretary-General, Li Weiqun, and Guernsey Finance’s Director of International Business Development, Kate Clouston, on behalf of GIFA and the BVCA CIWG, sets out a statement of intent to facilitate collaboration in the areas of
Cyrus Investment Management (CIM), the specialist engineering turnaround EIS investment adviser, has appointed Stuart Lawrence in the newly created role of Strategic Investment Manager, as well as Managing Director of Rhino Doors (Rhino), one of the UK’s leading high security door manufacturers and CIM investee company, effective 1 May 2016.
Stuart’s previous role was at CNIM, the French multinational, where he was focussed on the nuclear and defence sectors. Prior to this, he was the Managing Director of Booth Industries, Rhino’s largest competitor.
“I am delighted to be joining Cyrus Investment Management and I am particularly enthusiastic regarding the clear
Coherent is to acquire Rofin for USD32.50 per share in cash, in a transaction valued at approximately USD942 million.
The transaction is expected to close within six to nine months, subject to approval by Rofin stockholders, regulatory approvals in the US and other countries as well as other customary closing conditions.
A team from CMS Germany led by Frankfurt-based partner Dr Heike Wagner advised Coherent on the transaction. CMS has been a regular legal advisor to Coherent for many years and advised Coherent, among others, on the acquisitions of Lumera Laser GmbH and Innolight GmbH.
Founded in 1966, Coherent is
Black Swan has secures a strategic investment of GBP3 million (JPY500 million) led by Mitsui, that will help support the UK-headquartered advanced analytics and prediction business to continue on its rapid growth trajectory.
The investment allows Black Swan to accelerate development of its NEST platform and geographic expansion into the US and Japan.
In 2015 Black Swan was awarded Sunday Times UK No1 startup status.
Named after a statement of improbability “it’s about as likely as seeing a black swan” dating back to 16th Century London, the company finds correlations at the intersections of public and private data
Venn Partners, an operator and manager of real estate debt and secured consumer lending businesses, has launched Venn Hypotheken, a new Dutch residential mortgage lender based in the Netherlands.
Venn Hypotheken plans to offer competitive pricing across the mortgage product spectrum, passing on to customers the benefits of its lower cost-base and its access to long-term and lower-margin funding channels that have been historically only been open to banks.
Venn Hypotheken plans to increase its mortgage lending to EUR2 billion annually by the end of 2018. Its products will be marketed through well-developed financial intermediary networks in the Netherlands,
Blockchain intelligence firm Elliptic has closed a USD5 million Series A funding round led by Paladin Capital Group, with participation from Santander InnoVentures, KRW Schindler, Digital Currency Group, and existing investor, Octopus Ventures.
Christopher Steed (pictured), Managing Director of Paladin Capital Group, will join Elliptic’s board of directors alongside Octopus Ventures, and Santander InnoVentures will join as a board observer.
London and New York-based Elliptic uses graph analysis and machine learning to identify illicit activity in blockchain transactions. As more companies and governments around the world adopt blockchain technology, Elliptic’s data and analytics services will be in strong demand
New York-based private equity firm Arsenal Capital Partners has made a majority investment in Pacific Urethanes (Pacific Urethanes), a leading developer and producer of specialty polyurethane foam materials.
Headquartered in Ontario, California, Pacific Urethanes, develops and commercialises proprietary foam products that service its customers’ needs, with a focus on novel technologies for the bedding market. Pacific Urethanes’ technology and solutions are applicable to a broad range of markets including specialty bedding, furniture, packaging and recreational market segments.
“Pacific Urethanes has developed a unique market position by providing highly technical foams to a variety of end markets, keenly focused on addressing
Maples Fund Services has been appointed by Singapore-based EFA Group as administrator for its new asset-based direct lending vehicle, EFA Real Economy Income Trust (EFA RET).
Maples Fund Services will provide a full range of administration services, including fund accounting and investor services services for EFA RET. Its customisable approach and sophisticated infrastructure, coupled with the expertise and experience of its team in working with loan and credit funds, were key elements in EFA Group’s decision to engage Maples Fund Services for EFA RET. Maples Fund Services was also selected to provide fund administration services to EFA Group’s Trade Finance
Graycliff Partners, an independent investment firm focusing on middle market private equity and mezzanine investments, has provided subordinated debt and equity financing to Williams Sound, a provider of assistive listening systems.
Graycliff’s investment in Williams Sound supports the recapitalisation of the business to support growth opportunities.
Headquartered in Eden Prairie, MN, Williams Sound is an industry-leading designer, manufacturer, and marketer of professional wireless communication systems that are used to deliver sound and improve the hearing and communication ability of individuals in a variety of group or gathering situations. The company’s products are designed for those with hearing impairment in public
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