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Linedata has released a new version of its transfer agency software Linedata Mshare, which is designed to address client concerns over both regulatory compliance and how to attract new business.
This release includes FATCA withholding tax capabilities, Anti-Money Laundering (AML) updates and enhanced private equity functionality.
The new release of Linedata Mshare ensures that its clients are regulation-ready with its automated FATCA withholding tax capabilities and AML updates, two areas of regulation that impact significantly on transfer agents, fund administrators and the investment market as a whole. It also enables Linedata’s clients to expand their own client base beyond
Private equity firm Genstar Capital is to sell Evolution1, a specialist in consumer directed health (CDH) payments and technology, to WEX Inc for USD532.5 million.
Evolution1 provides software, payment and mobile solutions that administer and manage consumer directed healthcare accounts. The company's administrative software solutions, driven by patented technology, allow more than 10 million consumers to spend electronically through prepaid funds in CDH accounts such as Health Spending Accounts (HSAs), Flexible Spending Accounts (FSAs), Defined Contribution, and more.
Evolution1's cloud-based solutions provide a single end-to-end user experience that reduces costs, saves time and simplifies the business of healthcare. Through its
First Reserve has closed its second energy infrastructure fund, First Reserve Energy Infrastructure Fund II, at USD2.5 billion, surpassing its initial target of USD2 billion.
First Reserve now has over USD4 billion dedicated to investing in energy infrastructure opportunities.
The firm received support from a diversified base of limited partners including substantial support from its existing LPs as well as new investors from around the globe.
FREIF II will continue to focus on long-lived energy infrastructure investments throughout the energy value chain, including contracted midstream, such as pipelines, storage and LNG facilities; contracted power, which includes both renewable
IBS Capital has sold its equity investment in IQuum to Roche.
IBS made its initial capital investment in IQuum in 1999 shortly after the firm was founded and has remained its largest outside investor over the past 15 years.
David Taft, the president of IBS, also served as a director on IQuum's board of directors since 1999. During this period, IQuum developed groundbreaking technology in molecular diagnostics.
Taft says: "IQuum's Laboratory-in-a-tube (Liat) System will dramatically improve the point of care segment of the diagnostics market and will bring significant benefits to Roche. In combination with Roche's extensive technological,
Surgery Center Holdings, a portfolio company of HIG Capital, is to acquire 100 per cent of the stock of Symbion Holdings Corporation, a portfolio company of Crestview Partners, for a total purchase price of USD792 million.
The transaction is subject to customary closing conditions and required regulatory approvals.
The transaction creates a portfolio of approximately 100 healthcare facilities and complementary ancillary services. The combined business will be one of the leading independent Ambulatory Surgery Centre (ASC) operators in the US, providing patients with low-cost surgical services. In addition to surgical services, the businesses operate numerous outpatient ancillary lines of
Private equity firm Genstar Capital has appointed Harry Totonis to its strategic advisory board.
Totonis most recently served as president and CEO of Surescripts, an e-prescribing and clinical information exchange network, since 2009.
Prior to that, he was group executive at MasterCard Worldwide from 2004 to 2009 and from 2000 to 2004 he served as president and CEO of Kinexus. He began his professional career at Booz Allen & Hamilton.
"Our strategic advisory board includes an expert team of knowledgeable and successful executives whose experience, expertise and relationship network help us capitalise on new opportunities and manage our
Actis has completed a two-part transaction that has seen the firm’s subsidiary, Umeme Holdings Ltd (UHL), sell a total 45.7 per cent of Ugandan electricity distribution company Umeme Ltd for USD98m.
The final step in the transaction was the sale of shares totalling 6.7 per cent of the company for USD13m to Ugandan retail investors and Umeme management and directors.
Stanbic acted as lead transaction advisor and Stanbic and Rencap as joint bookrunners.
The retail and management tranche follows the USD85m institutional tranche (39 per cent of the company), which was heavily oversubscribed by more than 20 institutional
Oak Hill Capital Partners is to acquire managed, hosted data centre and IT infrastructure services provider Pulsant from Bridgepoint Development Capital (BDC).
Terms of the transaction have not been disclosed.
The transaction is unconditional and is expected to complete in the coming weeks.
Pulsant was formed in October 2010 when BDC acquired Lumison, a provider of connectivity, hosting and managed IT services. This was the first step in a strategy to create a 'one stop shop' managed and hosted IT services supplier in the underserved UK mid-market.
Subsequently, Pulsant (as the business was re-branded) made three
Hill-Rom Holdings is to purchase TRUMPF Medical, the medical unit of the privately held TRUMPF Group, for approximately USD250 million in cash.
The transaction is expected to close late in the company's fiscal fourth quarter and will be immediately accretive to adjusted earnings per share.
TRUMPF Medical, based in Germany, provides a portfolio of well-established operating room (OR) infrastructure products such as surgical tables, surgical lighting, and supply units. Hill-Rom's surgical portfolio already includes leading products for surgical safety and efficiency such as Bard-Parker scalpels, the Allen Advance Spine Table, patient positioning accessories, surgical supplies and surgical fluids
Stanbic Bank Uganda and CfC Stanbic Kenya, subsidiaries of Standard Bank Group, have completed the first ever Accelerated Bookbuild (ABB) on the Uganda Securities Exchange (USE) and Nairobi Securities Exchange (NSE) followed by an offer to management and retail investors.
Stanbic advised Actis, a UK-based private equity firm, on the offer, which involved a sale of a 45 per cent stake in Umeme Limited, an electricity distributor listed on both the USE and NSE.
The ABB is the first ever cross-market trade between the USE and NSE.
Stanbic acted as the sole global co-ordinator, lead transaction advisor and
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