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LiveAction, an enterprise IT network visibility software platform, has secured USD36 million in a Series B financing round led by venture capital and private equity firm Insight Venture Partners led the investment round with participation from prior investors Accelerate-IT Ventures and Cisco Investments.
The funding will be used to expand operations globally and accelerate feature product development, further establishing LiveAction as the visibility software standard for the Global 2000.
As part of the transaction, Insight Managing Director Michael Triplett, as well as Phillip Vorobeychik, senior associate at Insight, will join the board of directors.
Initially developed to aid
Nexif Energy, a Southeast Asian independent power producer backed by private equity firm Denham Capital, has taken controlling interest in the 30 megawatt (MW) Coc San hydro power project in Vietnam through the acquisition of a majority ownership of Viet Hydro Pte Ltd.
This transaction marks the first project under the Nexif Energy platform formed in August 2015.
“Hydroelectric power is one of the most economical sources of electrical energy in Vietnam. With its strong renewable hydro resources, liberalising power regulatory regime and stable political environment, Vietnam is a key investment destination and presents an attractive growth opportunity for
Investindustrial has held EUR2.0 billion closing of Investindustrial VI (Fund VI), the largest private equity fund focused primarily on Southern Europe. The fund was marketed over three months and reached its hard cap with significant additional interest.
The investor base is made up of 47 long-term investors. 54 per cent of the capital comes from European investors, 41 per cent from the United States and 5 per cent from the rest of the world.
Fund VI will continue to pursue majority investments in quality European mid-market companies, typically headquartered in Italy, Spain, Portugal or Switzerland, and with strong internationalisation potential.
Global sportswear brand, SKINS, has launched an equity crowdfunding campaign in the UK, Europe, Australia and New Zealand. SKINS is working with Seedrs (and partner company, Equitise in Australia and New Zealand) to launch the GBP2 million fundraising campaign.
SKINS, which was founded in 1996 and currently sells products in 43 countries, has become famous in recent years for a number of activist initiatives in the world of sport, including, most notably, its role in calling for reform in FIFA last year. The crowdfunding campaign goes live to the public on Monday 15th February 2016.
Executive Chairman, Jaimie Fuller,
Diligent Corporation, a provider of secure online collaboration and document sharing solutions for boards, committees and leadership teams, is to be acquired by private equity firm Insight Venture Partners.
Under the terms of the agreement, Diligent stockholders will receive USD4.90 (NZD7.391) in cash for each share of Diligent stock, a consideration which values Diligent at approximately USD624 Million (approximately NZD941 Million1), including cash. The Diligent Board of Directors has unanimously approved the transaction and resolved to recommend that stockholders vote in favour of the agreement. The transaction represents a 31 per cent premium over the closing share price of NZD5.64
Offshore law firm Carey Olsen has advised specialist financial services private equity fund AnaCap Financial Partners on the close of its third Guernsey flagship fund, AnaCap Financial Partners III.
The Guernsey Fund will make equity and equity-related investments primarily in European financial services businesses, building on the successful programme achieved by AnaCap Financial Partners II.
Carey Olsen partner Ben Morgan and senior associates Emma Penney and Annette Alexander advised on the Guernsey aspects of the Fund.
Morgan says: "This third fund-raising is a notable achievement and Carey Olsen's extensive experience with these types of vehicles along with Guernsey's
Fund administration specialist Bedell has strengthened its presence in European markets by opening an office in Luxembourg to provide corporate, private equity/real estate and private wealth administration services.
Luxembourg offers a platform of services and structuring opportunities to investors and managers with products including a wide range of special purpose vehicles. Bedell's expansion into the region is a natural extension of the organisation's multi-jurisdictional service capability.
Two directors have been appointed by Bedell to the new Luxembourg office management team. Anne-Catherine Grave, an economist and lawyer with over 15 years’ legal and financial services experience in Luxembourg and New
Private equity firm Warburg Pincus has appointed Murat Mergin as a Senior Advisor. Mergin will support the firm in the identification and evaluation of new investments in Turkey.
Mergin has over 27 years of experience as a senior executive in Turkey. Most recently he served as Chief Financial Officer of Turkiye Garanti Bank, Turkey’s second largest private bank and largest company by market capitalisaton, and was previously responsible for Financial and Strategic Planning as well as Corporate Strategy and Investor Relations. Mergin joined Garanti in 1994 as Assistant V.P. of its Financial Institutions department. During his time at Garanti, Mergin
Three Hills Capital Partners has closed a EUR60 million investment in Aquafil SpA. The deal was financed with EUR35m from Three Hills Capital Partners’ funds, while the remaining capital was provided by high-calibre co-investors.
Aquafil is a world leading player in the production of nylon filaments for textile floorings and of synthetic fibres for the apparel and sports industries. The Company services the flooring and textile industries through two main business units: (i) Bulked Continuous Filament (BCF), representing approximately 80 per cent of 2015 sales and consisting of synthetic yarns for textile flooring, and (ii) Nylon Textile Filament (NTF) representing circa 20 per
OMERS Private Equity (OPE) is to sell Marketwired to New York-based Nasdaq. Marketwired is a social intelligence company offering global news distribution and reporting. It is a full-service provider to Investor Relations (IR) and Public Relations (PR) professionals who utilise its services for news distribution, media management and analytics solutions.
Since acquiring Marketwired, OPE has worked with the Company on several initiatives, including enhancing the management team, building out the new Resonate platform, developing world class analytics, and positioning the Company for future growth.
Michael Graham, Senior Managing Director and Head of North America, for OPE says: “We are
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