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The Ariadne Capital Entrepreneurs Fund has made an additional four investments into digital technology firms, bringing the fund’s portfolio to seven with six more investments planned for 2014.
The fund participated in the recent funding rounds of Taggstar, MoneyDashboard, MADE TV and SoundOut.
In addition, it has invested alongside Barry Silbert, founder of Second Market, in Bitx, the emerging market bitcoin exchange led by Marcus Swanepoel. Ariadne believes that the banks will back digital currencies and that Swanepoel and Bitx will lead this market.
The Ariadne Capital Entrepreneurs Fund backs ‘Digital Enablers’ with GBP250,000 to GBP500,000 of capital
MEASAT International (South Asia) has reached financial close on a USD225 million project financing, to fund the project costs related to the construction and launch of its satellite, MEASAT-3b (M3b).
Natixis and Sumitomo Mitsui Banking Corporation (SMBC) acted as joint financial advisers, with Natixis also acting as the Coface agent in the first ever satellite project financing with Coface export credit insurance for an Asian satellite operator.
Coface is reinsured by UK EF for the portion of the satellite components manufactured in UK.
Natixis and SMBC also acted as mandated lead arrangers, alongside other leading international and local
Apex Fund Services has named Bill Salus as chief executive officer with immediate effect.
Salus will take over day-to-day running of Apex from current CEO Peter Hughes, who becomes chairman.
Hughes founded Apex 10 years ago.
Salus, based in the Apex New York office, will have a particular focus on the US market.
As chairman, Hughes will focus on building Apex’s Capital Introductory Service, which helps Apex clients access investor capital. Hughes will also manage Apex’s largest clients as well as concentrate on the company’s growth strategy including acquisitions and targeting large institutional funds.
Salus, who
Syntaxis Capital has completed its investment in Glass-Team, a manufacturer of fire-resistant glass used in commercial building facades, exterior and interior walls, windows and doors.
Originally founded in Poland in 1992, the company has since 2009 focused exclusively on the development and production of a range of fire-resistant glazing products, marketed under the “Polflam” brand.
Management plans to further extend Glass-Team’s market leadership in Poland, and expand into Western European markets.
Syntaxis invested EUR15 million in the company in debt and equity to support Glass-Team’s European expansion and to allow the company to selectively pursue add-on acquisitions. The
2013 saw the highest level of annual distributions from private equity investments on record. Preqin explores the reasons for this significant increase in the amount of capital returned to investors and considers the impact this will have on the industry in the year ahead.
Record Levels
The latest data from Preqin’s Performance Analyst product shows that annual private equity distributions reached record levels in 2013; in 2013, a total of $388bn was called and $568bn distributed, compared to $492bn and $381bn in 2012 respectively. Although this is not the first time that distributions have increased significantly year on year or
The combined value of offshore deals in the second quarter of 2014 jumped 23 per cent over the previous one, making it one of the highest value quarters of the past decade, according to a report by Appleby.
Given that the first half of the year is frequently quieter than the second half, this is encouraging news for the remainder of 2014, says Appleby.
The latest edition of Offshore-i, an Appleby report that provides data and insight on merger and acquisition activity in the major offshore financial centres, focuses on transactions announced during the second quarter of 2014, a period
PE International, a sustainability software and consulting company, has received a EUR10 million growth investment from the venture capital unit of Siemens and Gimv, a publicly traded private equity firm.
The financing will support the company’s further expansion along with increased product research and development.
The company has appointed Friedrich Fröschl to its board of directors. Fröschl, a former member of the executive board of Siemens AG, is general partner and president of HiTech Invest Munich/New York, an advisory for private equity companies and corporations in the technology sector.
“We welcome Dr. Fröschl to our board of directors
Idinvest Partners has held the first closing of Idinvest Private Debt III at EUR235 million.
The final closing, which is scheduled for the end of 2014, is likely to exceed the fund’s initial target of EUR300 million.
Idinvest Private Debt III is a fund dedicated to mid-sized European companies with a view to supporting them in their growth or LBO.
The fund targets investments of EUR5m to EUR20m in mid-sized European SMEs through mezzanine debt financing and secondary market deals (purchasing mezzanine debt on the secondary market).
Idinvest Private Debt III has already carried out three investments
PrivatEquity.biz, the first secondary market trading platform in Israel, is expanding its activities in the UK.
The platform, which was launched a few months ago, is offering private and institutional investment managers in the UK the opportunity to establish in-house VCs which invest in the secondary market in Israel, focusing on growing private Israeli hi-tech companies.
The company is negotiating with a number of UK-based entities in order to establish its extension in London.
The hi-tech industry in Israel is one of the major hubs of technological innovation in the world. The number of hi-tech companies has leapt
Neuberger Berman Private Equity has named two industry veterans – Michael DeVirgilio and Cory M Baker – to lead its entry into the brand acquisition, licensing and management industry.
The platform, Marquee Brands, will seek to identify, acquire, and manage high quality brands with global opportunities across all consumer segments.
DeVirgilio will serve as president of Marquee Brands and Baker will serve as its chief operating officer. Neuberger Berman's team focused on Marquee Brands will include Samuel Porat, managing director, who is responsible for royalty strategies, Zachary Sigel, vice president, who will lead the development of Marquee Brand's acquisition
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