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Elsen has closed a USD400,000 round of funding for its financial technology platform, which allows hedge funds to run financial models and algorithms faster and more efficiently.
Elsen plans to use this capital to accelerate growth and add additional resources to its engineering team.
Financing comes from individual investors and is led by local angel investor Bret Siarkowski and his AngelList syndicate, which is backed by Atlas Venture’s Boston Syndicates. Elsen has previously been bootstrapped.
Zac Sheffer, co-founder and CEO, says: “We are very pleased to partner with these investors. They are a unique resource and their guidance and knowledge
Private investment firm Colony Capital has appointed Philippe M Costeletos as Principal and Chairman of International.
Based in Colony’s London office, Costeletos, 49, will principally be responsible for identifying new investments outside of the United States, while also taking a significant role in the firm’s worldwide strategy and operations. He will report to Thomas J. Barrack Jr., Chairman of Colony Capital.
Costeletos was a Partner at TPG Capital, where he served as head of TPG Capital in Europe. Prior to that he was a member of the Management Committee at Investcorp, and also worked at JP Morgan Capital and Morgan
Revelstoke Capital Partners, a Denver-based private equity firm, has completed an investment in Encore Rehabilitation Services.
Encore, based in Farmington Hills, Michigan, is a leading regional provider of outcome-driven rehabilitative therapy services and associated compliance and revenue cycle support services primarily to skilled nursing facilities as well as assisted living facilities and home health agencies.
Encore manages the delivery of a full spectrum of physical, occupational and speech therapy services and provides sophisticated quality, compliance and documentation capabilities to its clients. Revelstoke will provide Encore with strategic guidance and additional capital to accelerate its organic growth and pursue acquisitions.
“We
Harris Williams & Co has advised TA Associates on its acquisition of a majority interest in Access Technology Group (Access), a business management software company.
Harris Williams & Co is acting as the exclusive financial advisor to TA Associates. The pending transaction, which is expected to close by the end of January 2015, is being led by Thierry Monjauze and Jonathan Organ from Harris Williams & Co’s Technology, Media & Telecom (TMT) Group in London.
“Access is a high quality business which has demonstrated outstanding and consistent organic and acquisitive growth driven by its ability to deliver premium, end-to-end ERP
Preqin has launched its 2015 Preqin Global Alternatives Reports, revealing significant growth in assets held by private equity, hedge fund, private debt, real estate and infrastructure fund managers. Total industry assets now stand at USD6.91tn*, up from USD6.22tn as of this point last year.
From their conversations with investors, Preqin believes the majority remain confident in the ability of alternative assets to help achieve portfolio objectives. Indeed, across all asset classes a much larger proportion of investors plan to increase their exposure rather than cut back their allocations to alternatives.
The 2015 Preqin Private Equity & Venture Capital Report provides
Consumer finance technology group Kreditech Group has secured a USD200 million credit facility from Victory Park Capital, an asset management firm focused on middle market debt and equity investments based in the United States.
The investment reflects investors’ confidence in its big data credit-scoring technology and its data platform to serve the estimated 4.0 billion unbanked and underbanked individuals worldwide. It is the largest credit facility in B2C fintech outside the US to date.
The funding strengthens Kreditech’s position as a leader in the consumer finance technology market. The Group will use the new financing to continue its rapid
Law firm Noerr has advised Augusta Technologie AG (Munich) on a squeeze-out under merger law. At an extraordinary general meeting of Augusta, the transfer of the shares of the minority shareholders to the main shareholder TKH Technologie Deutschland AG was approved with reasonable cash compensation.
The squeeze-out and the merger of Augusta into TKH will become effective on entry in the Commercial Register.
Noerr’s team was led by Dr Michael Brellochs and Dr Tobias Bürgers. The law firm acted for Augusta regularly in recent years and advised the company throughout the entire takeover process by the TKH Group in 2012.
Guernsey has more non-UK entities listed on the London Stock Exchange (LSE) than any other jurisdiction globally, according to new figures from the market authority.
LSE data shows that at the end of December 2014 there were 122 Guernsey-incorporated entities listed on the Main Market, the Alternative Investment Market (AIM) and the Specialist Fund Market (SFM).
This is significantly more non-UK entities than any other jurisdiction, with Guernsey trailed by Jersey (92), Isle of Man (54), Ireland (53), Cayman (50), BVI (44), Bermuda (41), Russia (33), US (32) and India (31).
Guernsey added 13 new entities to the LSE
Evercore has appointed Steven C Todrys as a Senior Advisor in the firm’s investment banking business with a focus on transactional tax and structuring solutions.
He will be based in Evercore’s office in New York.
Todrys was most recently a partner at the law firm of Simpson Thacher & Bartlett LLP, where he had served as the head of the firm’s tax practice. There, he provided tax advice on many significant and complex transactions, including the sale by Vodafone of its indirect interest in Verizon Wireless, the split-off of Mosaic from Cargill, the acquisition by Mars of Wrigley, the sale
Bloomsbury Publishing has acquired Osprey Publishing Ltd, the Oxford-based military and natural history publisher, from private equity investor Alcuin Capital Partners LLP.
The Osprey group consists of Osprey Military, Heritage and Custom Publishing, and British Wildlife Press. Osprey Military is the world's best known military history brand, publishing titles with international appeal that cover history from ancient times to the modern day.
The Military division is the largest part of Osprey, with a significant subscriber database. Osprey owns the copyright over the majority of its titles and over 50 per cent of its revenue is generated outside the UK –
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