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Big data analytics solutions provider Flytxt has closed a USD11 million (EUR10 million) funding round to finance its next phase of growth. The investment was led by Sunrise Capital GmbH and Big Data Investments with participation from Flytxt's existing investors. Launched in 2008, Flytxt has previously received funding from a group of angels and family offices in Germany and The Netherlands. The new investment will support Flytxt's plans to consolidate its presence in the Communication Service Provider (CSP) market and to offer mobile consumer analytics solutions to other industry verticals. The company plans to double its team through the next
Lynn Wheatley
Preston Hollow Capital has added Lynn Wheatley (pictured) as Senior Credit Underwriter. Wheatley’s corporate responsibilities include evaluation, analysis and underwriting of the real property components of the firm’s investments.  “Lynn’s extensive experience as a commercial real estate underwriter give us depth in this critical function as we continue to grow the business,” says Jim Thompson, the Chairman and CEO of Preston Hollow Capital. Before joining Preston Hollow Capital, Wheatley worked with GE Capital for 11 years. While with GE, Wheatley served as Senior Vice President at GE Capital Bank where he managed the credit perspective for its commercial real estate
Prestige Capital Management Limited (PCM) has been granted an AIFMD (Alternative Investment Fund Managers Directive) licence by the Maltese regulator, the Maltese Financial Services Authority (MFSA).  PCM operates a Maltese-authorised SICAV. The AIFM licence will allow this business to grow both its existing SICAV as well as the future management of additional structures in Malta and elsewhere by making use of the passporting benefits under the AIFM Directive within the European Union. The SICAV represents a licensed and established structure suitable for investment managers who want to take advantage of Maltese passporting opportunities PCM is a Malta-based investment management company,
Clearsight Advisors has served as the exclusive strategic and financial advisor to LRA Worldwide (LRA) on its acquisition by Deloitte & Touche.  The transaction underscores Clearsight’s unrivaled position as the advisor of choice for leading companies in the consulting and outsourced services sectors as well as its depth of domain expertise across the complex customer experience ecosystem, where technology, services and data are rapidly converging. LRA Worldwide is the leading global provider of Customer Experience Measurement services for multinational companies with complex customer interactions. For over 30 years, LRA’s innovative brand standards examinations, quality assurance inspections, mystery shopping programs, research,
Survey
Improved rail, roads and runways ranked first among the business issues that need to be prioritised by the new UK Government, according to a survey of senior business leaders carried out by BGF.  Twenty five per cent prioritised physical infrastructure, while 19 per cent highlighted the need to see simplified employment policies and an improvement in the quality of apprenticeships to make them more attractive to businesses and young people. The inaugural BGF Growth Climate Index polled BGF’s Talent Network, a proprietary network of Board Directors with wide ranging experience across the spectrum of UK and international business, from non-executives
Announcement
Growing Underground, London’s first subterranean farm, will start trading for the first time in mid-July.  Last year the farm successfully completed a crowd funding round that was oversubscribed.  The farm, in old World War II tunnels beneath the Northern Line at Clapham, is the brainchild of West Country entrepreneurs Richard Ballard and Steven Dring, in partnership with Michel Roux Jr, the Michelin-starred chef. The concept has attracted huge interest from consumers and retailers as well as scientists and urban planners worldwide. The first phase of the farm, which includes a sophisticated lighting and irrigation system, is in the final stages
One finger
Garageio is to be one of the initial investments of Amazon’s Alexa Fund, which has been established to provide developers, manufacturers, and start-ups of all sizes who are passionate about creating new experiences designed around the human voice. Garageio was founded in 2012 by Zak Dziczkowski and Dave Reif to bring a home-automation upgrade to existing garage doors. Garageio allows a customer to quickly find out if their garage door is open or if the alarm is set using a simple voice command. Users can then close their garage door from anywhere in their house.
Allegion is to acquire, through its subsidiary Allegion Luxembourg Holding & Financing, SimonsVoss Technologies, a German-based electronic lock company, from HgCapital for EUR210 million. Global middle market investment bank Baird acted as the exclusive financial advisor to SimonsVoss Technologies and HgCapital on the transaction, which is subject to regulatory approvals. Baird’s international deal team involved senior bankers in both the Europe and the US and included Michael Wolff, Sven Harmsen, Joel Cohen, Chris Cooper, and David Silver.    Frankfurt-based Managing Director Wolff, says: “this deal is highly complementary and will enable both sides to penetrate markets and geographies, creating global
Weekly Brief: Spike in Oil spawns moderate loss
In this issue, we present the Lyxor platform’s direct exposure to Greek assets, as well as the Lyxor hedge fund strategies exposures to European assets – most likely to be impacted by a spillover effect, either way.
Clouds
Six Degrees Group (6DG”) is to acquire Capital Support Group (CSG), a cloud, software and security managed services provider with a significant presence in the financial services sector in London.  In 2014, CSG delivered GBP14m revenue, up 35 per cent on the previous year, and GBP2.5m of ebitda.    CSG is one of the largest providers of cloud and IT services to the alternative investment market sector in Europe and their clients have over USD500 billion of assets under management, powered by CSG’s hosting services. They have 130 employees who support 170 customers and their services span design, build, deploy

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