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Insight Venture Partners has closed Insight Venture Partners Coinvestment Fund III, a USD510 million private equity fund established to invest alongside Insight Venture Partners VIII, which closed at USD2.57 billion in May 2013.
Like its predecessor funds, this fund will invest in global software, internet, and data-services businesses.
"We see tremendous market opportunity to invest in high growth technology companies and this new fund will enable us to invest in our core expansion-stage market, as well as larger growing companies," says Jeff Horing, co-founder and managing director at Insight Venture Partners. "We appreciate that our investors have further committed
Talis Capital has made another addition to the Project Blueline fleet, with the acquisition of a 2010 built, 24,000 DWT handysize bulk carrier.
The second vessel acquisition of 2014 brings the Blueline fleet to a total of five vessels with over 67,000 deadweight tonnage.
The addition of this larger vessel provides further diversification for the underlying investors, who are benefitting from a mid-double digit unlevered yield, paid on a quarterly basis.
Drawing upon over 17 years of shipping experience, Talis Capital is working in close partnership with INTRESCO Ltd. As one of the leading full service ship management
Propel Equity Partners, a private equity firm focused on investing and creating value in consumer brands, has acquired substantially all of the assets of Summit Products.
The assets of Summit Products, which include Backyard Safari, Zillionz, Covert Force, Test Pilot and Stink Bugzzz brands, will be incorporated into the Alex Brands family of toy brands.
In a separate transaction, Propel Equity Partners has also acquired CitiBlocs, a line of precision cut wood construction blocks. CitiBlocs will also be incorporated into Alex Brands. CitiBlocs builds upon the presence of Alex Brands in the construction category, which already includes Ideal Frontier
MBA & Company has raised GBP800,000 from existing investors MMC Ventures and Piton Capital, taking the company’s total funding to over GBP2m.
MBA & Company’s service is an alternative to traditional hiring of interims and consultancies, by providing a marketplace that connects businesses of all sizes to a vetted pool of high quality project professionals.
This taps into the USD30bn global market for short-term strategic and operational project work, and takes advantage of industry leaders’ desire to find an alternative to the slow and expensive management consultancy model.
With 20,000 consultants in its network, MBA & Company has
PlaySight Interactive has completed a USD3.5 million investment round from high-profile private investors including Novak Djokovic, Billie-Jean King and Wall Street legend Bill Ackman alongside D5 Capital.
The new capital will fund a global roll-out of PlaySight’s SmartCourt technology for recreational and elite tennis, as well as research and development on applications in other popular sports beyond tennis.
“We are very proud to have such a powerful group of investors who share our vision of bringing elite player technology to the grassroots and club level,” says Chen Shachar, PlaySight CEO. “When we developed this technology we saw an opportunity
IT service company Virtusa Corporation’s CSalt solution now integrates with Investor Analytics’ risk platform to streamline and simplify Alternative Investment Fund Managers Directive (AIFMD) Annex IV reporting.
Both companies are committed to easing the burdens of alternative investment advisors and those that support them, and this integration will give alternative investment fund managers a single place to easily import, map and transform data in order to fulfil the requirements of AIFMD and Annex IV.
“Since we first unveiled CSalt in early 2013, we’ve worked closely with advisors and compliance consultants to ensure that the solution meets their exact requirements,”
King Parallel Consulting and Sodali Ltd have formed a strategic partnership to deliver shareholder response services to Chinese companies in the Greater China Region, including mainland China, Hong Kong and Macau.
The services will mainly focus on corporate governance, strategic advice to boards and executive management, shareholder response advisory and transactional services, specifically:
· Preparation and conduct of shareholder meetings, ordinary and extraordinary.
· Transactional services such as mergers and acquisitions, response to shareholder activists, contests for control, takeover bids, capital restructurings and other corporate actions in which maximization of equity and debt holders’ reach, understanding and support is requested.
Accountancy and business advisory firm BDO has appointed Chris Bellairs as partner within the financial services practice.
Bellairs has over 16 years' experience as an auditor and adviser across the Financial Services industry.
He joins BDO from PwC, where he led the insurance and investment management internal audit advisory service, and acted as senior statutory auditor on a number of external audits in the fund management sector, across traditional asset managers, private equity, real estate and hedge fund managers.
Bellairs’ industry experience has been gained both in the UK and internationally, and globally he was the sovereign wealth
Actis, the pan-emerging market investor, has realised its investment in Egypt’s Commercial International Bank (CIB).
Actis has sold its remaining 6.5 per cent to add to the 2.6 per cent sold to international investors in March 2014.
Actis invested in CIB in July 2009 in a transaction that made Actis the largest single shareholder. Since then, the bank has grown significantly despite a period of political instability since the Arab Spring of 2011. Actis has sold its remaining 6.5 per cent to Fairfax Financial Holdings.
Paul Fletcher, executive chairman at Actis, says: “It’s been a privilege to work
Private equity firm Actis has sold a substantial stake of Ugandan electricity distributor Umeme Ltd for USD85.5 million.
The shares were bought by over 20 new and existing blue-chip institutional investors in a heavily oversubscribed secondary offer through the Uganda Securities Exchange (USE) and the Nairobi Stock Exchange (NSE).
Investec Asset Management and Uganda’s National Social Security Fund (NSSF) join Actis as cornerstone institutional shareholders in Umeme. Actis will shortly make additional shares available to local retail investors and to Umeme’s directors and management team, retaining a significant minority stake for at least two years.
This transaction is
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