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CutisPharma has closed an equity financing with Ampersand Capital Partners. As a part of the transaction, Silicon Valley Bank has provided a senior credit facility to further support the Company's growth requirements.
In conjunction with the financing, two Ampersand partners, Eric Lev and David Parker, have joined the CutisPharma Board of Directors. Financial terms of the transaction were not disclosed.
"We are very excited to partner with Ampersand,” says CutisPharma's Indu Muni, PhD, founder, Chairman & CEO, "Ampersand's expertise in specialty pharmaceuticals, and in particular its experience in the compounding pharmacy sector, will be invaluable as CutisPharma looks to aggressively
Aeon Funds, a family of alternative investment funds, has launched the Aeon Fiber Opportunity Fund LP.
The fund’s structure complements the Aeon Multi Opportunity Fund which focuses on Pre-IPO investments in the most notable VC backed technology companies in the world today.
Aeon Funds has expanded its management team and commenced fundraising for this exciting new addition to the Aeon family. The Aeon Fiber Opportunity Fund will initially invest in the installation of military grade fibre-optic cable in gated communities throughout the US Southeast. As a significant validator of the market opportunity, Aeon management estimates there are approximately 35,000 communities
Nigeria’s first institutional private equity fund African Capital Alliance (ACA) has automated and streamlined its operations via FrontInvest, eFront’s flagship solution, which includes an investee portal.
ACA currently manages three active funds and has raised cumulative capital commitments of more than USD700 million. Founded in 1997, ACA focuses on regional investments in the Gulf of Guinea.
Due to its rapid growth, ACA required a single integrated solution to automate and streamline its mission-critical processes. eFront was chosen to provide a full end-to-end implementation of FrontInvest including modules for fundraising, fund management, deal evaluation, portfolio management and fund accounting. Through
Cross Atlantic Capital Partners (XACP) has completed the exit of its investment in Health Market Science (HMS) with LexisNexis Risk Solutions to acquire the supplier of health care professional data.
“Cross Atlantic Capital Partners’ investment, completed in 2010, allowed HMS to invest heavily in its technology platform which enabled us to grow at a much faster pace,” says Matt Reichert, Health Market Science CEO. “We want to thank the Cross Atlantic team (Richard Fox, Director & Chairman of the Compensation Committee, and Carter Caldwell, Board Observer) for their contributions and for being helpful guides in that effort.”
Headquartered in King
VentureFounders has helped four growing British businesses raise a total of GBP3.95m across their investor base since its launch last September.
The new equity crowdfunding platform was created to make angel style investing in startups more accessible to all. Each investment opportunity has been subject to a detailed process of due diligence by the VentureFounders team to ensure that they have potential for growth and profit, a sustainable competitive advantage, a clear path to commercialisation, a strong management team and viable monetisation options.
Companies looking to fundraise on the platform are not limited by sector and have ranged from
Polaris Private Equity (Polaris) has successfully completed a first closing of its fourth private equity fund – Polaris Private Equity IV – at DKK2.2 billion (EUR300 million).
The fund, which is believed to have a target size of DKK3.0 billion, became operational as of 1 January 2015, simultaneous with the expiry of the investment period of the predecessor fund, Polaris Private Equity III.
Jan Johan Kühl, Managing Partner at Polaris, says: “We are pleased to have held a quick and strong first close for our latest fund. We deliver strong returns to our investors, founded upon our philosophy of investing
James L Learner is to rejoin Kirkland & Ellis International as a partner in its Corporate Practice Group in the London office, effective 1 February 2015.
“Jim was instrumental to helping our London office grow from 14 lawyers to more than 115 lawyers during his 12 years there, and in institutionalizing many of our important client relationships,” says Jeffrey C. Hammes, Chairman of Kirkland’s Global Management Executive Committee. “We are thrilled to welcome our friend and colleague back to the Firm.”
Learner has extensive experience advising clients on complex transactions, principally representing private equity firms in their leveraged buyout and
With As the first AIFMD reporting deadline for many managers of Alternative Investment Funds (AIFs) looming large on 30 January 2015, firms may turn to outsourcing to meet their obligations.
A survey conducted by the Financial Services team of Moore Stephens highlighted that only half of AIFMs are fully aware of the Annex IV reporting requirements applicable to them and the timetable for submission, with a further 42% being somewhat aware but unsure of the information required. Almost 35% of AIFMs surveyed stated that they were not prepared for the actual reporting process.
Moore Stephens believes that the lack
Private equity firm Arlington Capital Partners has acquired United Flexible Group, a specialist in flexible engineered solutions for the transfer of fluids and gases in extreme environments.
The company is a proactive partner to blue chip OEMs operating in several attractive end-markets including aerospace/defence, satellite, power generation, general industrial, oil/gas, cooling and transportation.
United has over 330 employees with manufacturing operations in Romeoville, Illinois; Houston, Texas; Merthyr Tydfil, Wales, UK; Rotterdam, The Netherlands; and Knivsta, Sweden, and operates through several subsidiary entities, including US Hose Corporation, AmniTec Ltd, AmniTec BV and Habia Teknofluor. The Company’s critical flexible engineered solutions reduce
Prism Medical, a manufacturer and provider of specialist mobility and handling equipment, has completed the acquisition of The Mobility Equipment Company (TMEC) for an undisclosed sum.
The deal, which was transacted with support from leading mid-market private equity provider LDC, who invested in the GBP30million acquisition of Prism Medical in April 2014, forms part of the business’ on-going acquisitive growth strategy.
Prism Medical is the market leader in the provision of moving & handling solutions that enable the mobility disadvantaged to live at home in a safe and dignified manner, thereby helping to improve their quality of life. In addition
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