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Markit, a provider of financial information services, is to acquire DealHub, a provider of trade processing and trading services to the foreign exchange market.
The acquisition will enable Markit to offer customers a comprehensive solution for FX across venue connectivity, trading services, trade confirmation and management, clearing and regulatory reporting. It will also expand Markit’s customer base among banks, brokers and asset managers in the FX markets.
Brad Levy (pictured), managing director and head of Markit’s Processing division, says: “DealHub is a great company and highly complementary to Markit’s growing FX processing business. This acquisition adds depth to our FX
Keeley Asset Management is to transfer the voting shares of its parent company, Joley Corp (Joley), to TA Associates (TA).
In addition to TA's ownership, certain KAMCO employees will be participating with TA as non-controlling equity owners. The transfer is subject to the satisfaction of certain regulatory approvals and is expected to be completed in September 2015.
In July 2008, KAMCO completed a minority leveraged recapitalisation with TA, a leading global growth private equity firm with a strong track record of successful investments in the asset management industry.
"We were excited in 2008 to engage TA's proven asset management industry
Aquiline Capital Partners, a New York-based private equity firm investing in financial services, has made an investment in Fenergo, a provider of client lifecycle management software solutions for investment banks, capital market firms and private banks.
Fenergo’s automated platform streamlines processes for both the front-office and back-office, enabling the efficient and compliant on-boarding of clients based on golden source client and counterparty data, improving time to revenue.
Aquiline is co-investing with Insight Venture Partners, a leading global venture capital and private equity firm investing in high-growth technology and software companies. Through the investment, Fenergo will be able to support its
Stearns Holdings, LLC, parent company of Stearns Lending, LLC, a leading national mortgage lender with wholesale, retail, correspondent, and strategic alliance business channels, announced today that
Funds managed by the private equity group of Blackstone are to acquire a majority stake in Stearns Holdings, parent company of Stearns Lending, a mortgage lender with wholesale, retail, correspondent, and strategic alliance business channels,the company.
This partnership with Blackstone will provide Stearns with the necessary resources to accelerate its growth and fuel its efforts to capture even greater market share. Founder Glenn Stearns will retain a significant ownership stake.
“I am extremely excited
Morgenthaler Private Equity (MPE) has recapitalised Polytek Development Corp, a manufacturer of liquid mould rubbers and casting plastics.
Customers use Polytek's proprietary chemicals to create flexible molds in order to reproduce highly-detailed, complex objects in a variety of industrial and consumer applications, including concrete casting, special effects, tooling, sculpture, and prototyping.
MPE partnered in the transaction with existing shareholders and the senior management team, including retiring President David Salisbury, who will assume the role of Chairman of the Board of Directors.
Joe Machado (pictured), Partner at MPE, says: ”We are excited to partner with Polytek and support the
Private equity firm Wellspring Capital Management has created a new flexible packaging company through the merger of portfolio companies Prolamina Corporation and newly acquired Ampac Holdings.
Financial terms have not been disclosed.
The combined company, which will be headquartered in Cincinnati, Ohio, will have a strategic geographical footprint and enhanced product offering unparalleled in the industry. Ampac's range of adhesive lamination, rotogravure printing capabilities and innovative packaging solutions is highly complementary to Prolamina's cost advantageous extrusion lamination and flexographic printing technology.
John E Morningstar, a Managing Partner of Wellspring who leads the firm's activities in the packaging sector,
Research for Preqin’s latest Investor Outlook has found that four out of five institutional investors invest in at least one alternative asset class.
Private equity, hedge funds and real estate are the most targeted alternative asset classes, with over half of investors having an allocation to each of them in their portfolios. Although the benefits vary significantly between asset classes, common reasons cited by investors for holding allocations to alternative assets include diversification, high returns, reliable income streams and inflation hedging characteristics.
Investment in almost all asset classes is likely to increase over the coming year. In particular, 42
11health has completed a new round of funding, raising a total of GBP775,000 from six angel investors, on top of the initial funding round of GBP500,000. This brings the total funding to over GBP1.25 million.
This round of funding enables the business to extend the management team and more effectively pursue an aggressive sales and marketing strategy in the UK and the US. It will also further establish the award-winning Ostom-i Alert as the leading medical device for bowel disease patients and develop other connected device products across the healthcare marketplace.
To support the growth strategy, 11health has appointed
European private equity firm Vitruvian Partners has acquired a majority stake in Voxbone SA, a cloud-based provider of international voice over internet protocol (VoIP) services delivering communications solutions for enterprises worldwide.
With Vitruvian’s backing, Brussels-headquartered Voxbone will look to drive its next phase of growth as it further strengthens its position as a unique player in the rapidly growing cloud communications market. The Company is the global market leader in providing geographical, mobile and toll-free numbers (Direct Inward Dialling or “DID”) and associated network capacity for enterprise customers routing and enabling the receipt of calls, messages and data communications over
Law firm Trowers & Hamlins advised international private equity firm C&C Alpha Group on the sale of Alpha Hospitals to Cygnet Health Care, one of the UK largest independent providers of mental health and social care pathways.
Alpha Hospitals operates three low to medium secure mental health facilities located in Bury, Woking and Sheffield. Since its initial investment in 2002, C&C Alpha Group has grown Alpha Hospitals substantially, developing highly specialised services and facilities that support men, women and adolescents with mental health conditions and learning disabilities.
The purchase will grow Cygnet Health Care's existing footprint from 17 mental
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