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Private equity firm The CapStreet Group has held the final closing of CapStreet IV.
CapStreet launched fundraising for CapStreet IV on 5 November 2013, with the opening of an electronic data room, held a first close in December 2013 with commitments of USD249.5 million and a second close in February 2014.
On 6 May 2014, CapStreet IV held a final close with total commitments of USD340 million, significantly above its USD250 million initial target.
Similar to the strategy of the firm’s previous fund, CapStreet III, CapStreet IV will continue to make control investments in privately held, lower middle
Asset management firm Vida Capital has named Bill Tice as senior managing director, head of marketing and investor relations.
Tice joins Vida with 15 years of marketing and business development experience, most recently as a managing director at Siguler Guff & Company, an USD11 billion private equity firm based in New York.
At Siguler Guff, Tice had a primary focus on relationship management and fundraising in North America, Europe, and Latin America, with an emphasis on distressed and special situation investment strategies, real estate, and emerging markets.
Jeff Serra, founder and CEO of Vida Capital, says: “Bill is
African Development Partners II (ADP II), a pan-African private equity fund advised by Development Partners International (DPI), is making a USD20 million investment in Université Privée de Marrakech (UPM), one of Morocco’s leading private universities.
ADP II’s investment will serve to support UPM’s growth plans both in Morocco and in Sub-Saharan Africa and help UPM become one of the leading private universities in Francophone Africa.
The investment benefits from the increasing penetration of the private sector which is driving substantial growth in the private education sector
The investment is in line with DPI’s investment philosophy of investing in
Private equity and venture capital funds in Australia posted returns of 22 per cent in the 12 months to 31 December 2013, outperforming the ASX 300 Index by over 200 basis points.
That’s according to new data released by the Australian Private Equity & Venture Capital Association Limited (AVCAL).
The Cambridge Associates LLC Australia Private Equity and Venture Capital Index (the CA Australia Index) – the leading independent performance benchmark for the asset class – reflected a significant pick-up in performance in the final quarter of 2013, gaining nearly 10 per cent compared to the ASX 300 Index which
The senior management team of Vista Retail Support has completed a management buyout of the business, with the support of private equity house WestBridge Capital.
The secondary buyout was valued at GBP12.3 million.
This deal sees a majority shareholding being acquired by the existing senior management led by managing director Vince Haffenden, technical services director James Pepper and sales and marketing director Richard Cottrell. In addition, current chairman Keith Brooks will continue in the role of non-executive chair.
The MBO was led by Westbridge Capital, with support from Octopus Investments and Clydesdale Bank. The management team with support
Nordic Capital Fund VIII is to acquire Euroline, a provider of card acquiring solutions with a strong market position in eCommerce.
Euroline is a provider of quick and secure card acquiring solutions in Scandinavia with a strong market position in eCommerce and Nordic retail.
Euroline has built a portfolio of services that include simplification of payment processes, multi-currency support and risk management support. The company is based in Stockholm, Sweden, and handled volumes of SEK100 billion in 2013.
“Euroline offers businesses a simple and secure infrastructure for card transactions both online and in stores. Nordic Capital’s intention is
Chris Wade, a veteran entrepreneur and the UK Trade and Investment’s (UKTI) adviser on venture capital, is to join the ventures team at Octopus as strategic adviser.
In this new role, Wade will be working with the ventures team, and its portfolio companies, looking to break into Asian markets.
Wade is currently an adviser to UKTI on venture capital matters. This follows two years as the director of the UKTI’s venture capital unit, where he was responsible for advising the government on the role of international investment in the UK’s entrepreneurial ecosystem.
He is also a partner at
VGX Animal Health, a 90 per cent-owned subsidiary of Inovio Pharmaceuticals, has sold its animal health assets to Plumbline Life Sciences (PLS) of Korea.
The assets being transferred include an exclusive license with Inovio for animal applications of its growth hormone-releasing hormone (GHRH) technology and animal DNA vaccines plus a non-exclusive license to Inovio electroporation delivery systems.
VGX Animal Health will receive USD2 million in cash in multiple payments and 20 per cent of the outstanding shares of PLS.
VAH's 20 per cent equity ownership position in PLS will be maintained without dilution up to USD10 million of
An investment fund into which AIM-quoted Adamas Finance Asia (ADAM) invested USD500,000 in early April has exited from a Chinese investment for the second time in four weeks, this time achieving an IRR of 27.26 per cent.
The investment in both projects was made by the BRJ China Credit Fund Limited, an investment fund launched by Hong Kong-based Adamas Asset Management (HK) Limited (Adamas).
Since last February, Adamas has been acting as ADAM's investment manager.
Financing structured by Adamas is backed by robust collateral held either outside mainland China or in secure property assets.
US, UK and Hong Kong financial services regulators have increased their expenditure over the last seven years by 59.4 per cent, an average of 8.075 per cent each year, since the end of fiscal year 2006/07, according to Kinetic Partners.
The increase may be the product of growing pressure on regulatory agencies to deepen the scrutiny of those working in the financial services industry following the crash in 2008.
Kinetic Partners’ research found that the US Securities and Exchange Commission (SEC), the UK Financial Conduct Authority (FCA) and the Securities and Futures Commission of Hong Kong (SFC) had a
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