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Kate Mitchell, co-founder and partner of Scale Venture Partners and former chairman of the National Venture Capital Association (NVCA) board of directors, has re-joined NVCA’s board as a director.
Mitchell’s term will expire in 2016 and comes after Adam Grosser, managing director of Silver Lake Kraftwerk, resigned from the NVCA board.
Mitchell previously joined the NVCA board as a director in 2007 and then later served as chairman from 2010 to 2011.
Scott Sandell, general partner of New Enterprise Associates (NEA) and chairman of the NVCA board of directors, says: “We are excited to have Kate re-join the
ARX Equity Partners, together with Jacek Gromniak, has completed the management buy-in of Anwis Polska.
Financial details of the transaction, made by ARX CEE III, have not been disclosed.
Anwis is a Polish producer of custom-made window coverings. The company has been operating for 35 years and has recently seen rapid growth, with sales reaching EUR22.6 million in 2013.
ARX and Gromniak plan to grow Anwis through organic expansion in existing and new geographies, with selective add-on acquisitions possible in the medium term. At present Anwis operates in Poland, where it has a market leading position, and Germany.
Green Visor Capital, a venture capital firm focused exclusively on early stage financial technology companies, has made an investment in Madrone.
Based in San Francisco, California, Madrone has built a cloud based platform for asset management institutions to analyse and automate portfolio and business decisions.
The company was founded in 2013 with a view towards leveraging technology to transform the way capital is allocated to alternative asset managers. Madrone's team has significant experience with leading asset management and information service firms such as Guggenheim Partners, SAC Capital, Man Group and Thomson Reuters.
Madrone's platform aggregates and analyses the
CIT Group acted as administrative agent, joint lead arranger and joint bookrunner for credit facilities supporting Audax Private Equity, a middle market private equity firm, in its acquisition of Wheel Pros.
Financing was provided by CIT Bank, the US commercial bank subsidiary of CIT. Terms of the transaction were not disclosed.
“Having completed nine transactions with Audax in the last 18 months, we are pleased to provide this financing and support Audax in its acquisition of Wheel Pros,” says Tom Hobbis, co-head and managing director, CIT Sponsor Finance. “We are excited about the opportunities to continue to partner with
Toronto-based Flybits has closed a USD3.75 million series A financing led by Robert Bosch Venture Capital (RBVC) and Trellis Capital Corporation with participation from MaRS Investment Accelerator Fund and Ryerson Futures.
The investment will advance the company's product development and international growth in the US and Europe.
Since spinning off from Ryerson University in 2012, Flybits has raised a total of USD4.05 million to date, including a seed round from MaRS Innovation. Flybits technology has been used in developing smarter cities, connected stadiums, smart corporate campuses, shopping malls, conference venues and fashion shows.
"Flybits is RBVC's first investment
Monroe Capital has funded a USD14.3 million credit facility to support the merger of Venture Technologies with Information Systems Consulting along with the concurrent acquisition of Strategic Allied Technologies.
Based in Ridgeland, Mississippi, Venture Technologies is an IT solutions provider that delivers infrastructure solutions, collaboration solutions, and cloud based services to both private and public sector organisations.
Venture Technologies also owns and operates certified data centres (VTCloud) across the US from which it provides a suite of cloud services to thousands of domestic and international customers.
The merger and continued channel consolidation strategy is supported by FlatWorld Capital,
Lavante, a provider of cloud-based supplier management software, has finalised a USD3.5 million round of investment led by PointGuard Ventures, located in Menlo Park, California.
Prior investors SAP Ventures and ATA Ventures also participated in the financing.
“Lavante is powered by a cutting edge, cloud-based software platform that creates efficiency in enterprise business processes. The new SIM solution augments Lavante’s proven profit recovery solution into a powerful solution for on-boarding suppliers, assuring compliance and improving communications between the customer and their suppliers,” says Krish Panu, managing director of PointGuard Ventures. “Lavante has created a very powerful solution for efficient
OMERS Private Equity (OPE) has completed a recapitalisation of Document Technologies Holdings (DTI) in conjunction with DTI’s management team.
Terms of the transaction have not been disclosed.
Based in Atlanta, Georgia, DTI is a provider of legal process outsourcing services in the US. The company has 29 offices nationwide and on-site client services in nearly 70 markets.
John Davenport, Jr, chief executive of DTI, says: "We are excited about our partnership with OPE. Their culture, large capital base, international presence and long-term investment approach make them an ideal partner for DTI as we strive to become the provider
Victory Park Capital (VPC), an asset management firm focused on middle-market debt and equity investments, is to invest USD100 million in Upstart loans over the next two years.
Based in Palo Alto, California, Upstart is a lending platform that goes beyond the FICO score to finance people based on signals of their potential, including schools attended, area of study, academic performance, and work history.
“Based on Upstart’s successful launch, innovative management team, and our experience in the specialty finance industry, we believe Upstart is well positioned for success as the platform scales over time,” says Tom Welch of VPC. “We
Topaz Energy and Marine has secured a USD75 million equity investment from Standard Chartered Private Equity (SCPE).
Under the terms of the investment, SCPE will inject USD75 million of equity in return for a 9.8 per cent stake in the business.
The funds will be deployed in support of Topaz’s long-term fleet expansion ambition in its core operational regions and entry to key growth opportunities.
“Joining forces with a private equity powerhouse like SCPE will enable Topaz to truly accelerate the realisation of our strategic plan,” says René Kofod-Olsen, CEO of Topaz. “We have now enhanced the foundation
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