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KKR has appointed Jaka Prasetya, former managing partner and founder of Leafgreen Capital Partners, as managing director to lead the firm’s Indonesia efforts as well as credit and special situations initiatives in Southeast Asia.
Also joining KKR in the role of director are Rahul Bhargava and Allan So, both formerly managing directors and partners at Leafgreen, a provider of mezzanine and structured growth funding in Southeast Asia.
Prasetya, Bhargava and So will be based in Singapore. The appointments are effective 26 August 2014.
Prasetya will work with KKR’s private equity, credit and special situations teams to enhance the
Early-stage venture capital firm Amplify Partners has appointed Mike Dauber as general partner.
He joins from Battery Ventures, where he spent over six years driving investments in enterprise infrastructure and applications.
In his new role, Dauber will continue to fund and support the next generation of enterprise technology entrepreneurs.
"Having worked side by side as his colleague at Battery Ventures, and then again as his co-investor at Amplify Partners, I know Mike's talent, drive and commitment to helping entrepreneurs are second to none," says Sunil Dhaliwal, founder and general partner, Amplify Partners. "Mike will be a cornerstone of
Edmond de Rothschild Investment Partners’ (EdRIP) BioDiscovery 3 portfolio company, Sapiens Steering Brain Stimulation (Sapiens SBS), has been acquired by Medtronic for approximately USD200 million in cash.
Sapiens SBS, located in Eindhoven, The Netherlands, is developing a DBS system that features an advanced DBS lead with 40 individual stimulation points. This advanced system is designed to allow more precise stimulation of the intended target in the brain and may potentially result in reduced procedure time and fewer stimulation-induced side effects.
Employees at the Eindhoven facility will continue to work toward bringing this technology to market. In the future, the
Jason D Osborn has joined Jenner & Block’s private equity and mergers and acquisitions practices as a corporate partner in the Chicago office.
An experienced private equity lawyer, Osborn will focus on representing private equity funds and public and private company clients in complex transactions, including mergers and acquisitions, leveraged buyouts, going-private transactions, joint ventures, divestitures, private financings, recapitalisations and restructurings, and in related corporate governance, executive compensation and general corporate matters.
“The firm is committed to growing our corporate practice with talented lawyers of the highest calibre,” says Jenner & Block managing partner Terrence J Truax. “Jason’s transactional
Edmond De Rothschild Investment Partners’s (EdRIP) BioDiscovery 3 portfolio company, Covagen AG, has been acquired by Cilag GmbH International, an affiliate of the Janssen Pharmaceutical Company.
Covagen is a privately-held, biopharmaceutical company specialising in the development of multi-specific protein therapeutics through the FynomAb technology platform. The company's lead product, COVA322, a bispecific anti-tumour necrosis factor (TNF)-alpha/anti-interleukin (IL)-17A FynomAb is in Phase 1b study for psoriasis and holds potential as a treatment for a broad range of inflammatory diseases including rheumatoid arthritis.
Covagen develops FynomAbs, multi-specific protein therapeutics by fusing its fully human Fynomer binding proteins to antibodies. Fynomers are
Furniture Village has secured a GBP6m investment from the Business Growth Fund (BGF), the independent company established to help Britain's growing businesses.
Furniture Village was established in 1989 by co-founder and chief executive Peter Harrison. The company’s core product category is sofas, alongside cabinet furniture, beds and accessories.
The business has 40 stores across the UK, employs 760 people and generates revenues of GBP200m per annum.
BGF’s funding will enable Furniture Village to accelerate a roll-out expansion of new stores across the UK. BGF will take a minority stake in the business and Jon Simon will join the board
Mobile event app developer DoubleDutch has closed a USD19 million Series D funding led by Mithril Capital Management.
Previous investors Bessemer Venture Partners, Index Ventures and Bullpen Capital also participated, along with Singapore-based Enspire Capital.
Ajay Royan, co-founder and managing general partner of Mithril, joins the DoubleDutch board.
"More than three years into our journey, we continue to see signs that the market for data driven event technology is massive, underserved, and ripe for a winner-take-all outcome," says Lawrence Coburn, CEO of DoubleDutch. "In Mithril, we have found a partner that matches our ambition and outlook. Our mutual
Harris Williams & Co has advised Mister Car Wash, a portfolio company of private equity platform ONCAP, on its sale to private equity firm Leonard Green & Partners.
Harris Williams acted as lead financial advisor to Mister Car Wash.
The transaction, which closed on 21 August, was led by Joe Conner, Jason Bass, Jershon Jones and Jeff Kidd of Harris Williams’s transportation and logistics group, and Chris Williams from the firm’s Richmond office.
“Mister Car Wash has established itself as the premier operator in the car wash and lube centre industry. Leonard Green’s longstanding experience with world-class multi-site
Private equity firm Vector Capital has appointed Jim Murray as chief financial officer.
Murray joins Vector after 14 years at Blum Capital, where he was the chief financial officer and chief administrative officer.
Prior to that he worked at California Federal Bank, Coopers & Lybrand, and Kenneth Leventhal & Company where he specialised in tax matters.
“We are delighted to welcome Jim to Vector,” says Alex Slusky, Vector’s chief investment officer. “Jim is a seasoned and thoughtful finance executive with extensive experience in tax, finance and compliance. Jim has worked with multiple liquid and illiquid investment strategies and
CellarStone, a provider of cloud based sales performance management solutions, is to receive funding from Seattle-based Lighter Capital.
The financing will be used to expand the sales and marketing of the CellarStone solutions.
“Lighter Capital started following our company and the sales performance management market space a few years ago. With 17 million salespeople in the USA alone, the sales commission market space presented a tremendous opportunity,” says Gopi Mattel, CEO of CellarStone. “Lighter Capital was also particularly interested in our cost-effective business model in solving the sales commission management problem.”
“CellarStone’s veteran leadership, profitable and solid growth,
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