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Dr Ngozi Okonjo-Iweala has joined Lazard as a Senior Advisor, with a focus on sovereign advisory.
Okonjo-Iweala, a specialist in economic development and international finance, was until May 2015 the Coordinating Minister for the Economy and Honourable Minister of Finance of Nigeria.
“Dr Okonjo-Iweala has built a remarkable international reputation over more than three decades in leadership positions in government and at the World Bank,” says Kenneth M Jacobs, Chairman and Chief Executive Officer of Lazard. “She will be a strong addition as a Senior Advisor to our firm.”
“We are proud to welcome Dr Okonjo-Iweala as a Senior Advisor
TouGas Oilfield Solutions has completed its Series D investment round. Broadscale Group, a New York based investment and advisory firm, has joined the Series D round as a new investor and shareholder.
"I am very excited to welcome Broadscale as a new shareholder in the company. The deep and longstanding expertise of Broadscale and its partners in supporting growth companies will help us to further accelerate the growth of the company," says Dr Tore Land, CEO of TouGas Oilfield Solutions.
"TouGas's proprietary technology solutions can dramatically improve the productivity and sustainability of the oil and gas sector. By enabling hydraulic
Nexxus Capital Private Equity Fund III has sold it sold its holding in Diagnósticos de México, Diamex (Olab), a diagnostic healthcare provider offering diagnostic imaging and clinical analysis through a network of 40 branches in Mexico.
Nexxus III invested in Olab when the Company had 22 units (12 regular, 2 mobile and 8 on-site sampling), while today Olab has almost doubled its network, operating 40 units (23 regular, 8 mobile and 9 on-site sampling). In addition, the administration of the Company focused on diversifying its revenues by focusing more in the retail sector as well as in the institutionalization of
Indian home healthcare company Portea Medical has secured USD37.5 million in a Series B funding round led by Accel. International Finance Corporation (IFC), a member of the World Bank Group; Qualcomm Ventures and Ventureast also participated in this round.
Portea will use the latest investment to fuel the company’s expansion in India where it currently operates across 24 cities and handles 60,000 visits in a month to patients’ homes. It will also utilize the funding to grow in other markets elsewhere in the region including in Malaysia where it already provides services in four cities.
Portea has more than
CEPRES has appointed Karl-Heinz Floether (pictured, ex-International Chairman Accenture) and Iain Stokes (ex-Head of EMEA Private Equity State Street Bank) to the Company's Advisory Board.
Both are respected thought-leaders in the future of FinTech and will help set strategy to continue CEPRES’ rapid growth in North America, Europe and Asia. Floether was previously Chief Executive Financial Services and Group Chief Executive Technology & Delivery at Accenture, and is member of Supervisory Boards for Deutsche Boerse AG and Commerzbank AG. Stokes was previously Group Managing Director at Mourant and Senior Manager Private Equity at Barings and holds non-Executive Directorships with prominent
Mooreland Partners acted as the exclusive financial advisor to Cybera, a provider of secure virtual application network solutions, on its strategic investment from Sumeru Equity Partners and existing investor Adams Street Partners.
Following the transaction, Sumeru Equity will hold a majority equity stake in Cybera, and existing investor Adams Street and senior management will retain significant equity interests and board representation. This transaction highlights Mooreland Partners' position among the most active M&A advisors to the Enterprise Security segment, having completed four transactions in the sector during the second half of 2015 alone.
Based in Nashville, Cybera provides a simple
Dechert advised US venture capital firms Accel Partners and LeadEdge Capital in the USD200m fund raising by BlaBlaCar, the French ride-sharing start-up.
This new fund raising, the largest to date for a French tech company, will help the company to continue its growth in countries where BlaBlaCar is already well established, accompany the launch of the carpooling in countries where the French startup has just launched and extend its international expansion to new territories.
With more than USD300million raised, BlaBlaCar is now one of Europe’s best-funded start-ups. Blablacar is the latest French Unicorn (i.e. Start up worth more than
Ontario Teachers', the largest single-profession pension plan in Canada, is to acquire a significant minority interest in OGF, a funeral services provider in France, from Pamplona Capital Management.
Pamplona, which remains the majority shareholder, has sold 30 per cent of OGF to Ontario Teachers’, which intends to increase its stake to over 40 per cent over time. The initial transaction is expected to close on 25 September 2015. Terms of the transaction are not being disclosed.
Ontario Teachers’ is a long-term investor that aims to identify unique opportunities and partner with strong management teams. Ontario Teachers’ and Pamplona have
SFX Entertainment has secured USD60 million in new financing and refinanced its existing USD30 million revolving credit facility, securing capital for new initiatives and operating and working capital needs.
The USD90 million comes from both new and existing investors, with USD60 million in private placement financing and USD30 million in a revolving credit facility.
“This round of financing from these sophisticated investors reflects a level of confidence and provides growth capital to support many of the exciting new initiatives SFX is undertaking,” says Robert F X Sillerman, the Company’s Chairman and Chief Executive Officer. “While the Company continues to explore
21 Concordia, the Warsaw-based, Polish branch of 21 Partners, held its second and final close with aggregate commitments of EUR100 million, garnering strong interest from leading international institutions.
Managed by four experienced Polish Managing Partners: Dariusz Górka, Andrzej Mierzwa, Marek Modecki (pictured) and Dawid Sukacz, the team on-the-ground invests in Polish mid-sized enterprises and accompanies them in a new phase of development.
The fund, which began investing in 2014, has already completed two investments: EGB, one of the most experienced and innovative companies in the Polish debt collection and receivables market, and TxM, a leading discount clothing chain with
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