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Optoro, a platform for returned and excess inventory, connecting buyers and sellers worldwide, has received a USD40 million debt financing commitment from TriplePoint Venture Growth BDC Corporation, a non-bank venture debt provider, and Square 1 Bank.
This investment brings Optoro’s total amount of money raised to over USD100 million.
“We are excited to raise additional capital from two great new partners, TriplePoint Venture Growth BDC Corporation and Square 1 Bank,” says Tobin Moore, CEO and co-founder of Optoro. “This additional funding will help Optoro scale our operations and technology to support the world’s biggest retailers.”
Every year, over
Natural Gas Partners (NGP), a private equity firm in the natural resources industry, has appointed Patrick McWilliams as a Managing Director in the firm’s Houston office.
McWilliams was previously a Managing Director with JP Morgan Chase in its Houston office. He joined the firm in 2012 to launch its Middle Market Oil and Gas Finance (MMOG) platform, focused on providing debt capital and other financial services to private oil and gas companies. In his role McWilliams also covered top regional, energy-focused private equity firms.
Tony Weber, Managing Partner of NGP, says: “We are delighted to welcome Patrick to the
FreemarketFX, the peer-to-peer currency exchange has closed its latest Angel investment round and has surpassed its fundraising target to raise a final investment sum of GBP670,000.
This brings the total raised by freemarketFX, in the last eight months, to just over GBP1.25 million. freemarketFX was publicly launched in January 2015.
The business was supported in its most recent fundraise efforts by VentureFounders, the UK based online equity investment platform. freemarketFX initially sought to raise GBP500,000 in this Enterprise Investment Scheme (EIS) eligible round, but has significantly exceeded this target.
The online currency exchange platform reduces currency exchange costs by
Featuring the latest data, this extract from the Preqin Quarterly Update: Private Equity, Q2 2015 looks at the rising amount of dry powder in the industry and up-to-date performance statistics.
With the fundraising market remaining robust and average final close sizes climbing, dry powder has continued to increase. The level of committed capital available to private equity fund managers for investment is standing at a new high, at USD1.3 trillion (Fig 1). This is an 18% increase since December 2014, with over half of the increase in dry powder attributable to private equity real estate and buyout funds.
Fig 2
Global fund services provider Moore Management, a First Names Group Company, has strengthened its leadership team with the senior appointment of Andrew Maiden (pictured) as a Director.
Maiden will be working closely with Jon Trigg, Head of European Fund Services and Mark Douglas, Head of Guernsey Fund Services, to support the organisation’s long-term strategic objectives and to continue to grow Moore’s current European client base. In his new role, Andrew will split his working week between Moore’s head office in Jersey and their Guernsey operation where he will be based.
Prior to joining Moore, Maiden carved out a highly successful
Community Intervention Services, a portfolio company of HIG Growth Partners (HIG), has completed the acquisition of Futures Behavior Therapy Center, LLC (Futures).
CIS was established by HIG in partnership with behavioural healthcare executive Kevin Sheehan, to acquire, develop and operate a national network of specialised behavioural health treatment facilities and programs. Futures marks CIS's sixth acquisition and further expands the Company’s treatment capabilities for children with Autism Spectrum Disorders (“ASDs”) and other developmental disabilities.
Headquartered in Beverly, MA, Futures was founded in 2006 and has since grown into a leading clinic-based provider of treatment and education services for children with
Private equity firm GTCR’s portfolio company Capella Healthcare, is to be acquired by Medical Properties Trust, a Birmingham, Alabama based self-advised real estate investment trust, for USD900 million in cash.
The transaction is expected to close during the second half of 2015, following customary regulatory approvals.
GTCR formed Capella in partnership with Founder Dan Slipkovich in 2005 to acquire acute-care hospitals that serve rural and suburban markets. Today, Capella is a premier provider of healthcare services and one of the largest for-profit hospital companies in the U.S. The Company is dedicated to helping hospitals deliver a new level of healthcare
Gloo Networks plc, a technology company established to acquire and operate companies in the media sector, is seeking admission of its shares to trading on AIM.
The Company, which is led by digital transformation experts Rebecca Miskin, Chief Executive Officer (pictured), and Juan Lopez-Valcarcel, Chief Product and Operations Officer, intends to acquire and operate trusted consumer brands in the media sector, with an enterprise value in the range of GBP250 million to GBP1 billion.
Gloo is seeking to benefit from the changing relationship between consumer brands, media owners and the advertising industry; this relationship continues to experience structural change,
Expensify has launched Expensify Ventures, a new, strategic investment fund for early-stage startups in the growing financial technology sector.
“Everyday, we meet with entrepreneurs and companies that have awesome ideas when it comes to solving some of the corporate world’s biggest pain points, and making life easier for both employees and employers,” says David Barrett (pictured), founder and CEO of Expensify. “We raised a USD17.5M round led by OpenView Venture Partners to enable us to think bigger and act bolder in dominating our marketspace, and ventures is the first of those initiatives. From receipt capture to expense management and even
Private equity firm Arle Capital Partners (Arle) has agreed to sell Fokker Technologies BV (Fokker) to GKN plc (GKN) for an enterprise value of EUR706 million.
Fokker specialises in the design, development and production of lightweight aero structures, electrical wiring interconnection systems and landing gear. It also provides maintenance, modification and logistics services to aircraft owners and operators.
Fokker is a specialist Tier 1 supplier to the commercial, military and business jet markets. With almost 5,000 employees, Fokker is headquartered in the Netherlands and has operations in Europe, North America and Asia. In the year ended 31
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