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Monroe Capital has funded a USD20.8 million unitranche credit facility to support the growth of Gracelock Industries.
Based in Los Angeles, California, Gracelock Industries is a privately-held e-commerce provider to the marine, power sports, and home décor industries with operations throughout North America.
Monroe Capital continues to expand its technology and e-commerce financing platform. Gracelock is an example of Monroe using its unitranche product to provide a complete financing solution to a growing e-commerce company.
DNV GL, a ship and offshore classification society and technical risk service provider, has acquired Marine Cybernetics, a specialist in third-party testing of computer control systems.
Marine Cybernetics was established in 2002 as a spin-off from the Norwegian University of Science and Technology (NTNU).
Based in Trondheim, Norway, the company introduced the concept of Hardware-In-the Loop-Testing (HIL) to the maritime and offshore industries. HIL testing reduces the risk of accidents, off-hire costs and non-productive time due to software-related issues.
“The decision to invest in Marine Cybernetics was driven by the increasing importance of software dependent systems in ensuring
CTPartners has appointed Andrew Duncan as co-managing partner in the UK private equity practice in the firm’s London office.
He will co-lead the practice with managing partner, Guy Barnes.
Duncan previously served as an operating executive for many years. His work specialises in building talent teams within portfolio businesses, playing an active role through all stages of the process from pre to post-deal.
Duncan held several leadership and executive positions in both private and public companies with over 25 years of experience in consumer and telecommunications sectors. In addition, he is a successful entrepreneur and has led several
US retail and consumer merger and acquisition (M&A) activity during the first quarter of 2014 was primarily driven by five multibillion dollar transactions, according to PwC's US retail and consumer deals insights Q1 2014 report.
More than half of those deals were aligned to the food and beverage sector.
For the three month period ending 31 March 2014, there were a total of 34 deals in the retail and consumer sector with disclosed values greater than USD50 million, accounting for USD39.3 billion in total deal value.
Deal volume for the quarter was consistent with the first quarter of
Milestone Group, a provider of fund processing solutions to the funds industry, has appointed Robert Caporale as managing director and head of North America.
Caporale (pictured) brings 30 years of experience in financial services and technology.
He spent the last 12 years at JPMorgan where he held senior leadership positions in strategy, business management and sales within the Investor Services business line.
Caporale has worked extensively with asset managers, alternative investment managers, insurance companies and pensions. Prior to JPMorgan, Caporale held senior positions at IBM, Deutsche Bank and Fiserv.
Geoff Hodge, CEO of Milestone Group, says: “We’re excited to
European private equity fundraising more than doubled in 2013 to EUR53.6bn, according to the European Private Equity and Venture Capital Association’s (EVCA) European Private Equity Activity report.
The increase was driven by a change in the profile of the funds raised, with 12 buyout funds each raising in excess of EUR1bn, representing 66 per cent of total fundraising.
The industry attracted significant levels of overseas capital into Europe accounting for around half of the funds raised (EUR26.2bn). The contribution from North American investors increased from 24 per cent in 2012 to 36 per cent.
Pension funds and fund
bfinance has made a number of senior management changes within its London office and promoted key executives.
Chris Jones, managing director – head of alternatives and public markets, will take on the role of head of the London office.
Pal Sarai, senior director – UK markets, will assume additional responsibility for leading the UK and Ireland client coverage team.
Derek Williams, managing director, private markets has also been promoted to head of private markets.
Other developments in the London office include a number of recent hires including Emily Porter-Lynch who joined bfinance last month as a director,
Flux, a provider of collaborative design software for the building construction industry, has raised USD8 million in Series A financing.
DFJ led this investment round with participation from Borealis Ventures.
Flux's mission is to spread design knowledge and improve the accessibility of design tools in order to help meet the world's demand for durable, sustainable buildings.
Flux was born out of Google's moonshot factory, Google[x]. The founding team sought a solution to reduce the environmental footprint of buildings, while simultaneously addressing rising demand for buildings driven by rapid urbanisation.
"The power required to heat, cool, light, and
Next week’s federal budget should be framed around policies that help support a more innovative and internationally competitive Australian economy, according to the Australian Private Equity & Venture Capital Association Limited (AVCAL).
“There has been a lot of focus in the last few weeks on how costs can be stripped out of the federal budget, but that’s only part of the answer to addressing the fiscal challenge confronting our economy,” says AVCAL chief executive Yasser El-Ansary. “The other part of the solution is to lay out a plan for how government can encourage more business investment in innovation, and how
FNEX has aggregated in excess of USD40 billion in alternative investment opportunities including investments in businesses, real estate, hedge funds and managed futures accounts.
FNEX launched FNEX.com, an online marketplace for alternative investments including direct placements in private companies, hedge funds and managed futures accounts, in September 2013.
The web-based platform provides investment advisors, family offices, institutions, and accredited investors access to investment opportunities offered by investment banks and funds across the US.
The distribution platform also provides investors with the tools needed to educate themselves on alternative investment opportunities.
“The rate at which accredited investors and
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