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The Riverside Company has completed fundraising for its latest buyout fund, Riverside Asia-Pacific Fund II (RAF II) at USD235 million, a 57 per cent increase over its USD150 million PPM target.
RAF II executes control buyouts of companies with less than USD15 million in EBITDA in the developed economies of the Asia-Pacific region.
RAF II follows the strategy of its predecessor fund, targeting healthy companies that can benefit from the firm’s global footprint and strong operating resources to drive growth and complete strategic add-on investments.
“RAF I was a trendsetting fund, and we’ve enjoyed a lot of success
Mark Muth has joined PwC as a director in its London-based corporate finance team.
He was formerly director of Unilever Ventures, the venture capital arm of Unilever plc, from its creation in 2002 until 2013.
Prior to that, Muth was a managing director of GE Equity, the private equity business of GE Corporation.
Muth began his corporate finance career with Bank of America.
Muth (pictured) says: “Corporate venture capitalists have a better chance at achieving investment success than traditional venture capitalists because of the vast and varied resources of the wider company behind them. But, while
Rothschild Merchant Banking, the investment arm of Paris Orléans, has completed the final closing of Five Arrows Credit Solutions (FACS), its junior debt fund focused on the Western European middle-market.
The fund has secured total commitments of EUR415 million, in excess of its target, from a global investor base comprising large institutions, family offices and high net worth individuals.
FACS provides unitranche, mezzanine and other junior debt instruments to mid-market European companies. The fund is seeking to fill the financing gap currently faced by small and medium-sized corporates as banks and other providers reduce lending capacity for these borrowers.
Falfurrias Capital Partners has acquired a controlling interest in American Safety Council (ASC) to support and enhance its growth under the leadership of chief executive Jeff Pairan.
Based in Orlando, Florida and founded in 1993, ASC is a provider of e-Learning training solutions to address transportation and workplace safety, testing, medical continuing education and other regulatory-driven training on behalf of government, institutions of higher learning, business and industry, and individual clients.
Falfurrias Capital, founded by former Bank of America chairman and CEO Hugh McColl Jr and former Bank of America chief financial officer Marc D. Oken, has been actively
BNP Paribas Securities Services has launched an AIFMD depositary banking service aimed at asset managers distributing non-European alternative investment funds into Europe.
The service will help these asset managers comply with AIFMD (Alternative Investment Fund Managers Directive), a European directive designed to introduce new levels of security and investor protection to the European fund management landscape.
As part of what is known as a ‘depositary-lite’ service, BNP Paribas Securities Services will offer safekeeping, oversight and cash monitoring of assets to a client base including managers of hedge funds, funds of hedge funds, private equity and real estate funds, on
Napier Park Global Capital’s financial partners team has completed the initial investment of the Napier Park Railcar Lease Fund, a USD370 million specialised, single-purpose private equity fund.
The fund has deployed a total of USD359 million in equity capital, or 97 per cent, within 12 months of its inception and nine months after its final closing.
This investment by the fund, along with equity capital from the fund’s joint venture partners listed below and long-term debt, has financed the acquisition of railcars representing USD2.1 billion in asset value.
“We are delighted with how successful this innovative investment opportunity
DMS Offshore Investment Services has received approval from the Central Bank of Ireland for its AIFM passporting application to Luxembourg.
The Central Bank has now forwarded the notification application to the Luxembourg authorities and this confirmation of transmission of the notification process technically completes that requirement under the Alternative Investment Fund Managers Directive (AIFMD).
"Whilst the Luxembourg authorities (CSSF) have the right to request further details on the matters covered in our programme of operations, at this point the Irish AIFM is in a position to be appointed as an alternative investment fund manager to Luxembourg alternative investments funds.
ResponseTap, a specialist in call tracking and analytics, has secured GBP4m of Series B funding including GBP2.5m from Beringea, which manages the ProVen Venture Capital Trusts, and GBP1.5m from Eden Ventures.
ResponseTap will use this investment to accelerate expansion in the US and to continue support for its UK development team.
Since its first external funding round in 2012, ResponseTap has grown to over 50 employees and has an established US presence and a solid client base. ResponseTap’s technical platform has been radically restructured following user feedback.
ResponseTap provides agencies and brands with granular data about the journey
Private equity firm Thoma Bravo has completed its USD930 million acquisition of TravelClick, a provider of cloud-based revenue-generating solutions for the USD500 billion global hospitality industry.
“TravelClick has established itself as the leader in delivering revenue-enhancing technology and services to the hotel industry, and we look forward to supporting the company in its next stage of growth,” says Holden Spaht, managing partner at Thoma Bravo. “With a strong base of recurring revenue, a leadership position in a fragmented vertical market and a great management team, TravelClick represents an excellent fit with Thoma Bravo’s buy and build investment strategy.”
“I
RiverVest Venture Partners has sold portfolio company Lumena Pharmaceuticals to Dublin-based Shire Plc in a transaction with an upfront payment of USD260 million in cash.
The deal also includes a payment for net cash at closing, and near-term contingent milestone payments related to ongoing clinical trials.
In the three years since it received initial seed funding from life sciences venture capital firm RiverVest, Lumena has developed two drugs to provide better treatment options for adults and children who suffer from rare and debilitating liver diseases and serious metabolic disorders.
In addition to its financial commitment, RiverVest provided hands-on
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