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Nauta Capital has completed the first close of its 2015 fund at USD70 million, resulting in total assets under management (AUM) of USD260 million.
The final close is expected during the first half of 2016 with a total fund target ranging from USD115 to 175 million.
Nauta Capital, which has offices in London, Barcelona and Boston, backs entrepreneurs committed to creating global capital efficient software companies in large markets with limited previous technology impact. Areas of interest include B2B software, disruptive digital media and enabling technologies for mobile and the internet.
Nauta has led investments in 30+ companies
Technology-driven electricity supplier Limejump has received additional funding to the tune of GBP1.4 million in a seed extension round.
This funding round sees the Government-backed Angel CoFund co-invest alongside JamJar, the investment vehicle from the Innocent Juices founders, and existing investor and shareholder Passion Capital.
The UK-based business, founded in January 2014 by Erik Nygard and Ning Zhang, utilises real-time data to ensure businesses can make their electricity supply work better for them. Limejump’s mission is to transform energy with data, by using a combination of software and technology to allow businesses to take part in – and profit from
Harris Williams & Co has advised The Mill, a provider of moving image visual content for advertising, to Technicolor for GBP190 million.
Harris Williams & Co. acted as the exclusive financial advisor to The Mill, a portfolio company of Equistone Partners Europe (Equistone). The transaction was led by Thierry Monjauze, Jonathan Organ and Mathew Tsui from Harris Williams & Co.’s Technology, Media & Telecom (TMT) Group in London.
“It has been a pleasure to work with the management team of The Mill for a second time,” says Thierry Monjauze (pictured), a managing director in the firm’s TMT Group. “The Mill
AvidXchange, a FinTech provider of Accounts Payable and Payment Automation, has completed a USD225 million minority growth financing led by Bain Capital Ventures, with contributions from Foundry Group, NYCA Partners, KeyBank, Square 1 Bank, and TPG Special Situations Partners.
The company becomes a part of Bain Capital Ventures’ portfolio alongside companies such as LinkedIn, Staples and Vonage, as well as technology companies Experian, Billtrust and iPay Technologies. The company’s long-term partner, Financial Technology Partners LP and FTP Securities LLC (“FT Partners”), served as exclusive financial and strategic advisor to AvidXchange in this transaction. AvidXchange intends to invest a significant amount
Silver Creek Capital Management, an alternative investment boutique focusing on private credit, hedge fund and real asset strategies, has launched a new joint venture with Plum Creek Timber Company enabling institutions to directly invest in timber assets.
Twin Creeks will provide institutional investors an opportunity to co-invest in timberlands currently managed by Plum Creek with the objective of growing the portfolio to approximately USD1 billion in valuation over time through opportunistic, selective timberland acquisitions from third parties. The venture is intended to be a long-term timberland investment with an initial 15-year term. The initial portfolio, valued at USD560 million, will
Private equity funds managed by Blackstone is to acquire the majority of Serco Group’s private sector Business Process Outsourcing (BPO) operations, the main element of which is the former Intelenet business, for a consideration of GBP250 million.
The enterprise value of this deal represents the largest acquisition by Blackstone in India.
The business has expected annual revenues of approximately GBP235 million for this year. The company has 51,000 full time employees across 67 centres in eight countries. The private sector BPO business provides a range of middle and back office services, and has a strong customer base of international
By Dr Michael Xuereb, MFSA – Following several years of fund platform developments, the MFSA has more recently been focusing its efforts on upgrading and enhancing the product structuring framework.
The Securitisation Act, which came into effect in 2006, introduced important legal changes which greatly improved the scope for structuring new investment products under Maltese law. This legislation was followed by other important developments including the setting up of the European Wholesale Securities Market (`EWSM'), a specialised market for debt securities targeting institutional and professional investors in Europe.
Following a settling in period the Securitisation Act was earmarked for further
"Malta provides an outstanding opportunity for private equity and venture capital managers. It has a flexible LP structure, an extensive network of double tax treaties, a favourable local tax regime and experienced service providers who can provide a cost-effective solution," comments Felicity Cole (pictured), Head of the Funds Department at Maltese law firm, Mamo TCV Advocates.
Of particular importance says Cole, are recent changes made to the Maltese Companies Act, which governs limited partnerships, including changes which set out the extent to which limited partners can participate in the management of the partnership without losing their limited liability. This is
When it comes to the formation process, funds in Malta may take different legal forms and with respect to hedge funds, the most popular structure is the SICAV. The formation process is two-fold:
• The fund licensing process, handled by Malta's financial regulator, the Malta Financial Services Authority (`MFSA') and;
• The constitutive process, handled at the Registry of Companies level.
Perhaps unsurprisingly, the former represents the greater challenge. A formal application for a fund license is filed with the MFSA, whereby a full suite of application documents, plus application fees are presented.
"The application pack comprises, amongst others, an
By James Williams – "One cultural attraction that I recommend people to visit is St John's Co-Cathedral where they can view Carravagio's 'The Beheading of St John the Baptist' and 'St Jerome Writing'," comments Joseph Zammit Tabona, Special Envoy to the Malta's Prime Minister, Dr Joseph Muscat. "A bit of culture is important to understand where Malta is coming from."
With a barely negligible crime rate, a growing AIFM community, some 3,000 hours of sunshine a year, an English-speaking business community and an approachable regulator, Malta is fast becoming an attractive option for fund managers wishing to enjoy a more
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