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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
Oliver Olah has joined Vinson & Elkins as counsel in the firm’s M&A and Capital Markets Practice Group.
He will be based in the New York office. Olah joins V&E from the Frankfurt office of Weil, Gotshal & Manges LLP, where his key areas of practice were cross-border private equity, private mergers and acquisitions and corporate advisory work with a strong focus on US/European inbound and outbound transactional matters. “Oliver’s broad experience and exceptional transaction skills will benefit the firm’s clients in New York and beyond,” says Jim Fox, co-head of V&E’s New York office. “His tailored approach to client
A Capital Group, a venture capital firm focused on financial technology, has completed five fintech investments over the past 12 months, including Credit Sesame, Crown Global Insurance, Marqeta, LiftForward, and a yet to be announced fifth company.
The firm has also reached major milestones in three existing portfolio companies: Financeit, TIO Networks Corp., and Homeowners of America Holding Corp. IA Capital manages the Inter-Atlantic funds which are comprised of both traditional multi-LP funds and strategically-targeted single-LP vehicles on behalf of major institutional investors.
IA Capital led the financing round in each of the new investments. A representative of IA Capital
HIG Capital (HIG) has held the closing HIG Brazil & Latin America Partners (the fund), at USD740 million, exceeding its USD600 million target.
The Fund will continue HIG’s successful investment strategy of focusing on private equity, buyout and growth-oriented investments in lower middle-market companies in Latin America, with a focus on Brazil.
Sami Mnaymneh and Tony Tamer, Co-CEOs of HIG, says: “We are delighted with the level of support we have received from our investors for this offering and are grateful for their trust. This new fund builds on HIG’s long-standing track record of being a value-added partner to leading
The Jersey investment funds team at Carey Olsen has advised NTR on the successful final close of its new investment fund with a hard cap investment of EUR250 million.
The private placement fund, NTR Wind 1 Fund LP, invests in onshore wind projects in Ireland and the UK and is one of a growing number of funds investing in the renewable energy market across the UK and EU.
Jersey proved an attractive location to establish the fund due to the island's flexible and streamlined approach to the regulation of private placement funds and compliance with the AIFM Directive (enabling the
Private equity fund manager and Enterprise Investment Scheme specialist Calculus Capital has invested GBP2.25m in an Imperial College spin-out that has developed emissions detection technologies used to monitor air pollution in major cities and industrial centres around the world.
Duvas Technologies (Duvas) produces equipment that enables remote sensing and identification of airborne chemicals and gases via sophisticated ultra-violet absorption spectroscopy systems.
The equipment is used in a range of areas, including air quality management, where it can detect pollutants including ozone, nitrogen and sulphur dioxides. These gases are key contributors to traffic pollution.
The company has close relationships
Aurelius Group has made its third hire of 2016 with the appointment of Ed Akenhead as Operational Manager.
Akenhead, who joins as part of Aurelius’ UK operational team with immediate effect, will be placed at Allied Healthcare, the UK market-leading domiciliary care business acquired from Saga plc in December 2015.
Akenhead joins Aurelius from AT Kearney, where he worked as Manager (2010-2015). In this role he was responsible for the sale, scoping, and delivery of strategic and operational improvement projects, with particular specialisms in the private equity, FMCG, oil & gas, and TMT sectors. Alongside his five years of
Vasona Networks has closed a USD14.6 million series C Round, bringing total funds raised by the company to USD48 million.
The financing builds on global momentum that has seen the company's solutions used by tier-one mobile network operators in four of the world's largest cities, including announced use by Telefónica UK in its London O2 system. The additional venture capital supports these deployments and drives ongoing research and development efforts, such as extension of Vasona Networks' leadership in the emerging edge computing movement. Participants in the funding round include Bessemer Venture Partners, New Venture Partners and NexStar Partners.
"Vasona Networks
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