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International investment bank Altium has bolstered its London team with the addition of three new Associates across its corporate finance and debt divisions.
Arthur Callaghan joins as an Associate working in both the corporate finance and debt teams. He moves from Moelis & Company, where he advised on M&A deals across a range of sectors including healthcare and industrials. Arthur has over four years’ experience in the corporate arena, previously working at Deloitte, covering both debt advisory and restructuring services.
Altium continues to expand its debt team following its successful launch last year with the addition of Paul Simkin
TIAA-CREF has opened a new distribution office for TIAA-CREF Asset Management in Sydney, Australia, led by Andrew Kleinig, who will direct distribution strategy in Australia and Asia while providing a local point of contact for TIAA-CREF investment capabilities and products for existing clients in the region.
Speaking ahead of the TIAA-CREF Asset Management Real Assets and Responsible Investing Roundtable in Sydney today, TIAA-CREF Asset Management’s head of business development, John Panagakis, said the new office was the next step in the firm’s eight-year history in the Australian market, which has to-date focused on agriculture, and more recently, real estate.
Private equity firm Thoma Bravo has completed fundraising for Thoma Bravo Special Opportunities Fund II at USD1.065 billion. The fund, which was oversubscribed, will invest side-by-side with Thoma Bravo Fund XI, a USD3.662 billion fund that closed in May 2014.
“We are very appreciative of the investor support for this supplemental ‘top off’ fund, which we see as an acknowledgment of our team’s strong track record in software investing and the good start we believe we’ve gotten with our Fund XI,” says Orlando Bravo, a managing partner at Thoma Bravo. “We expect the Special Opportunities Fund to give us added
Billtrust has raised USD25 million in new funding, led by Goldman Sachs Private Capital Investing and existing investor Bain Capital Ventures. The funding will enable Billtrust to continue its aggressive growth strategy and to pursue additional acquisitions.
“We took time to find the right investment partners who can help our team grow strategically and deliver against our business goals. Both Goldman Sachs and Bain Capital Ventures share our vision to transform B2B invoicing and payments,” says Flint Lane, CEO and Founder of Billtrust.
Billtrust works with thousands of businesses to streamline their invoice-to-cash processes. The company is committed to helping
An affiliate of Versa Capital Management has completed the previously announced acquisition of the business of The Wet Seal, a specialist in young women’s fast fashion retailing through mall stores and e-commerce.
The transaction was approved by the United States Bankruptcy Court for the District of Delaware on 1 April, 2015.
The new company, known as The Wet Seal will maintain its headquarters in Foothill Ranch, California and continue operating its 173 stores and growing its online platform. The company’s operations will be supported by a new USD15 million senior credit facility provided by Crystal Financial.
Wet Seal’s
Constellation has acquired a majority stake in Trans Europa Express Holding AG (TEX), formerly HSM Group), a provider of Train Operating Services in Western Europe.
TEX serves as an outsourcing partner for its customers for which the company runs rail traffic and operates in Germany, Switzerland, Austria (DACH) and the Netherlands employing 900 people.
Among TEX`s customers are all major private and national passenger and rail cargo companies in the DACH region and the Netherlands. With its own train driver school, the company provides training for qualified railway personnel. Further, TEX provides safety and supervision services for rail track
Linklaters has advised Brait, the South African listed private equity group, on its acquisition of an 80 per cent stake in Virgin Active, the leading international health club operator, from CVC and Virgin. The deal values Virgin Active at GBP1.3bn.
Virgin Group will retain a 20% stake, excluding management. The existing management team will be retained and will be reinvesting alongside Brait. The implementation of the deal is subject to approval by the South African and Namibian competition authorities.
The Linklaters team, which also advised on the tax structuring of the deal, was led by private equity partners Alex Woodward and
Victory Park Capital (VPC) is to make a USD50 million investment, with a USD100 million potential upsize, in Renovo Financial, a Chicago-based private lending company that assists rehabilitation investors in acquiring, renovating and selling/renting residential properties.
The investment will refinance Renovo’s existing portfolio, finance loan portfolio growth and support expansion into new markets outside of the Chicagoland counties.
“Renovo’s market leadership in the Chicagoland area, experienced management team and industry knowledge are exceptional,” says Tom Affolter, partner at VPC. “We believe this is an opportunistic time to partner with Renovo to help provide loans in the underserved residential rehab
Evereve, the fashion retailer formerly known as Hot Mama, has secured an investment from Winona Capital, the Lewis Family, and Prairie Management Group. Evereve will utilise the new partnership to fuel its growth nationwide.
“Winona is proud to partner with Evereve,” says Jason Sowers, a Principal at Winona Capital. “Founders Mike and Megan Tamte have created a unique, innovate retail concept that celebrates the fashion conscious mom. With 52 stores nationwide, the company will focus on expanding Evereve and positively impacting the lives of our employees and customers from coast-to-coast.”
Megan and Michael Tamte have assembled a team of over
Global venture capital firm New Enterprise Associates has closed its fifteenth fund with USD2.8 billion in committed capital to its core fund, as well as an additional USD350 million for its NEA 15 Opportunity Fund.
With commitments totalling more than USD3.1 billion, this fundraising brings the firm's cumulative committed capital since inception to nearly USD17 billion.
"Like our industry, much has changed since NEA's founding nearly 40 years ago," says Peter Barris, Managing General Partner. "We have grown from a trio of founders with a USD16 million fund to more than two dozen partners deploying multi-billion-dollar funds across five continents.
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