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StreetHub, a network of independent retailers, has closed a USD2.6 million (GBP1.7m) funding round led by Octopus Ventures, investors in SecretEscapes, Swoon Editions and SwiftKey).
This second funding round also attracted further investment from Index Ventures (Farfetch, Net-a-Porter, ASOS), Playfair Capital (Appear Here) and a group of Angel investors. The investment will be used to support the launch and promotion of StreetHub’s new brand and website Trouva, as well as to build out the StreetHub platform.
Trouva brings together a selection of boutiques from StreetHub’s network of 350 independent retailers, who have come together to use e-commerce to compete
SNCF is targeting start-up investments in the ‘digital ecosystem’ with its new EUR30 million SNCF Digital Ventures investment fund,
Under the management of Hi Inov, the venture capital unit of family-owned investment company Dentressangle Initiatives, SNCF Digital Ventures will focus on France and other European countries primarily, but will also look to the US and Israel to source investments in the EUR500,000-EUR4 million range
The fund will cover a wide spectrum of technologies – the Internet of Things, surveillance drones, big data, mobile customer service and information apps, the sharing economy, digital tools for SNCF employees and more. It
The Hedge Fund Standards Board has issued a 10-page cybersecurity memorandum detailing a number of quick fix cybersecurity action items that managers can undertake, and outlining some of the main cybersecurity projects to enhance firms’ resilience to cyber-attacks.
Click here to read the memorandum.
Morgenthaler Private Equity (MPE) has recapitalised Trachte, a manufacturer of preassembled and modularised control buildings.
The company's custom buildings house critical electrical components that control and protect electrical infrastructure, such as transmission & distribution substations. In addition, Trachte buildings are used extensively in industrial applications to house equipment, such as switchgear, motor controls, and pumps. Trachte serves utilities, OEMs, and other channel partners in the power generation, energy, chemical processing, data centre, and general industrial end markets.
MPE partnered in the transaction with the existing shareholders, including retiring President Randy Trachte and retiring VP of Sales Ron Trachte, as well
Concept Life Sciences, a scientific laboratory and consultancy group, has acquired pharmaceutical testing business Agenda1 Analytical Services Ltd.
This marks the second bolt-on acquisition for the company since it was formed in July 2014 through the simultaneous acquisition of three companies, following investment from Equistone Partners Europe.
Established in 2006 by Dr Simon Bristow and Ian Siragher, Bradford-based Agenda1 is a specialist contract analytical company, delivering high quality support services to pharmaceutical, healthcare and medical device companies. The team will continue to be led by Bristow and Siragher, along with Dr Caroline German (Site Operations Director) and Dr Eleanor
NorthEdge Capital, a private equity firm focused on investing in businesses in the North of England, has promoted George Potts and James Marshall to Senior Investment Executives.
Potts joined NorthEdge in 2011, working alongside the founders as part of the team that closed its maiden fund at GBP225m in 2013. He worked on deals including Solidor and Utiligroup, and sits on the boards of manufacturing businesses, Fine Industries and Accrol Papers. Potts is also responsible for the firm’s Environmental, Social and Corporate Governance (ESG) practices, working directly with portfolio companies to measure their sustainability and ethical impact. This led to
Jersey is successfully leveraging its appeal as a leading alternative funds domicile to attract innovative technology and software businesses that support the European asset manager community.
TORA, a technology and financial services company focusing on the investment management space, is the latest company to relocate to Jersey this summer and underlines Jersey’s position as a centre for both financial and digital services.
Having been founded in 2004, TORA has grown a strong international institutional client base and is now establishing a presence in Jersey in order to build out its European business. The new business in Jersey will be
Competition for dollars raised from investors has never been higher with more than 2,200 funds currently seeking to raise an aggregate amount of USD780 billion, according to a report by secondaries adviser and placement agent Cebile Capital.
The average size of funds in the market is declining from USD782 million in 2013, to USD543 million in H1 2015, and almost 80 per cent of US GP's currently fundraising are looking to raise less than USD500 million. In this climate, private equity funds of USD500 million or less in size face numerous challenges raising capital.
The report is based on
Palamon Capital Partners has appointed Katherine Ireland (pictured) as an Associate Principal.
Ireland joins Palamon having earned her MBA from Harvard Business School in 2015. She was previously an Associate in the London-based investment team at Centerbridge Partners with responsibility for managing European distressed credit and private equity investments. Ireland began her career at Goldman Sachs International as an Analyst where she advised European industrial companies on strategy and financing. In addition to her graduate degree, Ireland earned a BA in Economics and History magna cum laude, Phi Beta Kappa, from Williams College, Massachusetts. She now serves on the board of the Center
Littlejohn & Co, a private investment firm based in Greenwich, Connecticut, has appointed Jordan Tongalson as Principal and Head of Business Development.
Brian Ramsay, President of Littlejohn, says: “In this newly-created position, Jordan will be leading the initiative to enhance, augment, and extend our deal sourcing relationships and efforts. He has direct involvement with our investment sectors and portfolio companies and brings over 15 years of experience that combine business development, M&A and private equity skills, as well as successful hands-on operating experience. These unique characteristics will enable us to open new avenues to deploy capital in attractive investment opportunities.”
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