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IQcard, a financial services company specialising in prepaid cards and the monetisation of loyalty programs for retail chains, has raised a new investment round from venture fund Finteca Holdings.
Finteca Holdings creates, acquires and develops leading financial technology companies in Russia, CIS and Eastern Europe. The transaction closed on 17 June 2015. Aspring Capital, a leading Russian independent investment bank, acted as a sole financial adviser to IQcard shareholders.
IQcard was founded in March 2012 by Fastlane Ventures and Direct Group and its partners, who have over 20 years successful experience of Internet retail and financial services in Russia. In
Jungle Ventures has appointed Ratan Tata, Chairman Emeritus of the Indian Conglomerate, Tata Sons, as a Special Advisor.
Founded by Anurag Srivastava and Amit Anand, Jungle Ventures is an early stage venture capital fund, with a firm focus on helping build innovative technology led companies out of the Asia-Pacific. Jungle has already made investments in 30 leading Asian startups, including the likes of Zipdial (recently acquired by Twitter), LiveSpace, Tradegecko, CrayonData, Fastacash and travelmob (acquired by Nasdaq listed HomeAway). In his role as Special Advisor, Tata has formally committed to spend time with Jungle’s portfolio of companies to help them
Euronext posted its strongest six-month trading volume performance since the end of 2011 in the first six months of 2015, supported by favourable economic conditions.
The June 2015 average daily transaction value on the Euronext cash order book stood at EUR9,202 million (+54 per cent compared with June 2014). Activity on ETFs remained particularly dynamic last month with an average daily transaction value at EUR587 million, up 106 per cent compared to June 2014.
Cash markets saw a material increase in trading activity across the first half of 2015, with an average daily transaction value for the period up
Amadeus is to acquire Navitaire, a wholly owned subsidiary of Accenture and a provider of technology and business solutions to the airline industry, for USD830 million.
Navitaire, which focuses on the low-cost and hybrid-carrier segments of the airline industry and has a global customer base of more than 50 operators, provides revenue-generation and cost-streamlining solutions in the areas of reservations, ancillary sales, loyalty, revenue management, revenue accounting and business intelligence.
The addition of Navitaire’s portfolio of products and solutions for the low-cost segment will complement Amadeus’ Altéa suite of offerings for its largely full-service carrier customer base, giving the
Atlas Holdings has sold its portfolio company Forest Resources, a North American manufacturer of industrial paper and packaging products, to PaperWorks Industries and New-Indy Containerboard, in two separate transactions.
PaperWorks has acquired CanAmPac, ULC, including coated recycled board (CRB) producer Strathcona Paper and folding carton manufacturer Boehmer Box. New-Indy has acquired Forest’s U.S.-based business, comprised of Hartford City Paper, Shillington Box and IVEX Specialty Paper. Terms of the two transactions were not disclosed.
Forest Resources was formed in 1999 with the acquisition of Hartford City Paper. Today, it employees over 600 associates across six locations in the United States
Campbell Lutyens has appointed Mateja Maher as deputy general counsel. Maher joins the firm from Kirkland & Ellis’ London practice where he was a Partner.
Campbell Lutyens has seen a sustained period of growth across its private equity, infrastructure and private debt practices and has had a very successful year in both fund raising and secondary advisory. Over the last year the firm successfully raised over USD12 billion for its clients from investors globally with final closes on Exponent, Bowmark Capital, Xenon, Holtzbrinck Ventures, Antin Infrastructure, Old Ironsides, Navis, I Squared Capital, and Metric Capital. It has also advised on
Wool Overs, the online and mail order knitwear retailer, has been acquired by private equity firm Langholm Capital. Clearwater International advised the founders of Wool Overs, Mark and Clare Shenton, on the sale.
Founded by Mark and Clare in 1989, Wool Overs has developed from a business selling cable-knit sweaters at country shows, to an international online retailer selling over 150 different styles of jumpers, sweaters and cardigans.
Based in West Sussex, the business has been recognised as a ‘Fast Track 100 Ones to Watch’ –with turnover increasing by 25% in each of the last two years. One third of
Law firm Goodwin Procter has appointed James Barrett as partner and Edward Amer has joined as counsel. Both will be part of the firm’s Private Equity Group and will be based in its Boston office.
Barrett and Amer both come to Goodwin from Locke Lord.
Barrett represents private equity and venture capital firms, life sciences and technology companies, boards of directors and management teams on a variety of transactional and corporate governance matters. His practice is focused on investment transactions, mergers, acquisitions, securities matters and general corporate representation. Prior to joining Goodwin, Barrett was co-chair of Locke Lord’s private
Private equity firm Permira has successfully completed the acquisition of Medora Snacks (Medora) and Ideal Snacks Holding Corporation (Ideal).
As of the closing, the Permira funds combined Medora and Ideal under a holding company called BFY Holdings I.
With the backing of the Permira funds, BFY Holdings will be well-positioned to create a global, diversified, better-for-you snack company, directly addressing the growing consumer trends toward healthier living and eating. By expanding brand awareness and distribution of existing products, including PopCorners®, and introducing innovative, new products, the company plans to transition from its better-for-you snack manufacturing heritage to a global,
JTC has added significantly to its global fund servicing capabilities with the major acquisition of Kleinwort Benson’s Fund Administration business in the Channel Islands and South Africa.
The transaction, which relates to the whole of Kleinwort Benson’s Fund Administration business in Guernsey, Jersey and South Africa, will give JTC its first permanent presence in South Africa, grow its global headcount by 40 per cent to a total of around 450, and augment its existing strengths across the alternative investment fund spectrum, including the private equity, debt and real estate asset classes.
Upon completion of the deal, the new business will
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