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Growth capital investor Beringea’s portfolio company Abzena Plc, previously known as Polytherics, has raised GBP20 million by way of a placing of 25 million new ordinary shares at 80 pence per share.
The firm’s ordinary shares have been admitted to trading on the AIM market of the London Stock Exchange.
Some 3.4 million existing ordinary shares are also being sold at the placing price.
Beringea first invested in Polytherics through ProVen Growth and Income (PGI) and ProVen Health (now merged with PGI) in September 2011.
The company’s entire issued share capital of 97.4 million ordinary shares (as
NorthEdge Capital has promoted Tom Rowley to investment director and Phil Frame to investment manager.
Rowley joined NorthEdge as investment manager at the start of 2013. He has played an instrumental role on the board of Jigsaw24 and was involved in the company’s recent acquisition of London-based Square Group, which takes turnover to more than GBP80m. Rowley also played a lead role in the recent GBP66m Accrol Papers transaction. He has over 13 years’ experience working across public and private transactions, with previous positions at Deloitte and Zeus Capital.
Frame joined NorthEdge in 2012 as a senior investment executive.
Since 2008 nearly one-third of European charities have restructured their investment portfolios to increase their exposure to alternative products, according to a survey by Cerulli Associates.
The latest issue of The Cerulli Edge-Global Edition includes the results of a survey of major European charities which, together, hold a total of GBP64.2 billion (USD109.3 billion) in assets.
"The conclusion must be that for asset managers with a proven track record in alternatives-be it hedge funds, infrastructure fund managers, private equity groups, or an institution that can act as a broker for direct investments-there are some terrific opportunities within the sector," says Barbara Wall,
International companies continue to turn to US stock exchanges to connect with American investors for their IPOs and subsequent capital raising, according to BNY Mellon's Depositary Receipts 2014 Midyear Update.
The first half of 2014 saw the highest level of DR capital raisings in the last three years. As of 30 June, 41 capital markets transactions globally raised more than USD9.1 billion, well ahead of the USD3.6 billion raised through 20 transactions during the same period in 2013.
BNY Mellon served as depositary bank for 18 of this year’s deals, which have raised over USD3.1 billion.
Companies from
Ari J Markenson has joined Duane Morris’ health law practice group as a partner in its New York office.
Markenson bolsters the firm’s national health law practice group, particularly in the area of healthcare M&A, regulatory work and private equity.
Markenson joins the firm from Benesch, Friedlander, Coplan & Aronoff.
Markenson has spent his career working at the intersection of healthcare, law and business. He counsels healthcare industry clients, including providers and payers, on a wide range of matters with specific experience in the representation of post-acute and continuing care providers and suppliers. He represents private equity firms
Private equity firm Consonance Capital Partners (CCP) has held the final closing of its USD500 million healthcare private equity fund.
The fund was oversubscribed, surpassing its USD350 million target and reaching its fundraising cap of USD500 million.
Consonance Capital Partners invests in private companies in the lower middle market of the US healthcare industry with an emphasis on businesses driving efficiency, cost containment and high quality clinical care to patients.
CCP’s founders, Mitchell Blutt, Benjamin Edmands, Stephen McKenna, and Nancy-Ann DeParle, partnered together for over a decade while at JPMorgan Partners and its successor and predecessor entities, and
La Française Group has obtained AIFM approval for all its management companies.
By capitalising on its experience in the registration of UCITS funds internationally and now its AIFM status, the La Française Group is able to extend its services across Europe.
The following Group management companies have obtained AIFM approval:
– La Française AM International (LFI)
– La Française Investment Solutions LFIS
– La Française REM
– La Française des Placements
– La Française Inflection Point
– New Alpha AM
As Alternative Investment Fund (AIF) managers, the companies will be able to manage AIFs in an EU member
Carne Group, a provider of governance and oversight services for asset managers, has opened a new office in the Channel Islands.
Joining Carne as managing director responsible for the Channel Islands is Mark Hodgson, who will be available immediately to serve as an independent director on Jersey and Guernsey fund boards.
Hodgson is a highly experienced funds professional and has been resident in Jersey for over eight years. He has spent over 25 years in the financial services industry, including as a senior executive with HSBC in the UK and Jersey. He joins Carne from Capita, where he was
Swoon Editions, an online furniture business, has confirmed a GBP4 million Series A funding round to expand its business in the UK, led by Octopus Investments and Index Ventures.
The investment will be used to grow Swoon Editions’ community of ‘insiders’ (interior-savvy people signed up to its email list) as well as increasing the number of designs launched each week.
The team has grown from three to 36 in the past 12 months and an additional 20 roles will be created across a range of disciplines, primarily in the London head office, and also in Vietnam, India and China.
European private equity firm Silverfleet Capital has agreed to acquire AGR Holdings, the petroleum services division of Oslo-listed AGR Group, in a NOK1,640 million (EUR195m) transaction.
Completion will be on or around end of August.
AGR is the largest independent well management group operating globally. AGR delivers well, reservoir, HSEQ, and facilities management services to the upstream oil and gas industry. The company also offers rig access management, consultancy manpower, software solutions and tailored industry training. AGR’s client base comprises some of the largest international and national oil companies as well as a wide range of small and medium sized
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