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The infrastructure investment joint venture between Greater Manchester Pension Fund (GMPF) and London Pensions Fund Authority (LPFA) has entered a partnership to co-own one of the largest wind farms of its type in Europe.
The investment vehicle, GMPF & LPFA Infrastructure LLP (GLIL), along with Greencoat UK Wind PLC (UKW) will acquire a total of 49.9 per cent of Clyde, the South Lanarkshire wind farm, from energy company, SSE, which will hold the remaining 50.1 per cent. Under the agreement GLIL will invest GBP150 million.
Councillor Kieran Quinn, Chair of Greater Manchester Pension Fund, says: “We’re pleased to announce
Future Finance Loan Corporation (Future Finance), which makes tailored loans to undergraduates and postgraduates at universities across the UK, has raised GBP119 million in growth and lending capital from leading FinTech investors QED Investors, Blackstone Strategic Opportunity Fund, Colchis Capital, Invus Opportunities, KCK, DW Partners, Fenway Summer Ventures, Ridge Road Partners, 1/0 Capital and others. £100 million of the recent funds raised is for lending capital, supplementing the company’s existing credit facility with Goldman Sachs.
This new investment will enable Future Finance to make even more loans, ensuring that many more students have access to higher education in the UK,
Charterhouse Capital Partners IX fund has agreed the sale of Italian pharmaceutical company DOC Generici (DOC) to funds advised by CVC Capital Partners.
Financial details of the transaction, which is subject to standard regulatory approvals and is expected to close during the summer of 2016, have not been disclosed.
Founded in 1996, DOC is the largest independent generic pharmaceutical company in Italy, with a market share of over 15 per cent and a portfolio of around 180 generic drug molecules, covering predominantly products in the retail market. The Company has a leading brand with a broad product portfolio and
Funds managed by Cornerstone Partners and funds managed by Oaktree Capital Management are to acquire Polish transfer agent and business processing outsourcing specialist ProService Agent Transferowy (ProService).
The agreement for purchase of 100 per cent stake in ProService Agent Transferowy was concluded on 23 February 2016. The company will be acquired by a partnership of Cornerstone Partners and Oaktree’s European Principal Group from private equity firm Highlander Partners. The transaction requires consent of Polish competition authority (UOKiK).
ProService Agent Transferowy is a specialised provider of professional support services of transfer agency, accounting, as well as advanced IT solutions for
SS&C Technologies Holdings has completed the acquisition of Citi's Alternative Investor Services Business, a provider of hedge fund and private equity fund administration services. SS&C acquired the business unit from Citi for approximately USD321 million.
Citi's Alternative Investor Services Business is a top 10 fund administrator and through the acquisition SS&C will add more than 1,400 staff across 13 offices, 265 customers, and approximately $395 billion in assets under administration. The acquired Alternative Investor Services Business group will operate as a business unit within SS&C GlobeOp and continue to be led by its current leaders, Mike Sleightholme on hedge fund
Justworks has raised USD33 million in a Series C funding round led by Redpoint Ventures with participation from existing investors Bain Capital Ventures, Thrive Capital and Index Ventures. The round brings Justworks’ total funding to USD53 million.
The company will use its current funding to invest in its core technology and features and enhance its benefits platform with additional partnerships and offerings that will continue to make life easier for its small business customers and their employees. With an already established foothold in New York and licenses in all 50 states, Justworks is poised to continue its growth across the country.
EZBob Ltd, which trades as business e-lenders Everline and EZBob, has closed a Series C investment round with a GBP20 million equity investment from Leumi Partners, the investment banking arm of Israel-based Bank Leumi, and funds managed by existing investor Oaktree Capital Management.
This latest investment round provides EZBob Ltd. with additional capital to increase its lending capacity and further develop its leading technology platform to enable more of the country’s 5.2 million SMEs to instantly access the capital needed to fuel their growth plans, any time and from anywhere.
Bank Leumi is one of Israel’s largest banks and
Wise SGR has closed Wiseequity IV at the fund’s hard cap of EUR215 million in equity commitments.
The fundraising was completed in under 6 months following strong demand from both existing and new investors. Italian institutional investors accounted for approximately 25% of the total commitments, while international investors, both from the US and Europe, represented 60% of total commitments, with the balance from the management team and HNWIs.
Wisequity IV will continue Wisequity III’s strategy targeting transformational investments in the Italian lower-mid market, with a particular focus on export oriented leaders in BtoB niches. Wisequity III, a 2011 vintage
Pivotus Ventures has hired Janina Lieser and Raj Bhandari as Entrepreneur in Residence, Dr Andrew Eichenbaum as Chief Data Scientist and Joshua Sortino as Head of Design.
All will work directly with Managing Directors Steve Gotz and Oren Goldschmidt to advance bank innovation and customer experience.
“Janina, Raj, Andrew and Joshua bring a powerful combination of innovative product development, data analytics and user experience design that will be essential as Pivotus leverages Umpqua Bank’s reputation and data to reinvent the banking experience,” says Ray Davis, president and CEO of Umpqua Holdings Corporation. “With their talent and expertise, we look
SPARK Impact, an stage venture capital specialist has been selected, subject to the necessary regulatory and contractual confirmation, as the manager of the Isle of Man Enterprise Development Scheme (EDS.
SPARK Impact will run the Accelerator and Relocator elements of the GBP50 million Scheme approved by the Isle of Man Government (Tynwald) in October 2015.
EDS support will be available to a wide range of businesses including new Isle of Man start-ups, existing expanding Isle of Man businesses and businesses wishing to relocate to the Island. The EDS will provide grant, loan and equity investment to eligible businesses that
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