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Madison Reed has raised USD12m in a Series B round of funding led by Norwest Venture Partners (NVP).
Previous investors, True Ventures and Maveron, also participated in this round.
The company, which launched today, leverages e-commerce technology to deliver salon-quality hair colouring formulas, immediate, personalised hair assessment, and at-home delivery to consumers.
"We found a way for women to have it all—the premier salon experience they deserve with the at-home convenience they need," says Amy Errett, Madison Reed CEO and co-founder. "This investment enables us to make quality and ease in hair colouring a reality for any woman.
HIG WhiteHorse has arranged and provided a GBP29m unitranche debt financing for Steelite International, a provider of tableware for the international hospitality industry.
HIG WhiteHorse has implemented a flexible debt financing to allow Steelite to build on its current market position and support management in taking full ownership of the company.
Kevin Oakes, chief executive at Steelite, says: “HIG WhiteHorse has demonstrated a good understanding of our business during this process. We are looking forward to continuing this partnership as we take our next strategic steps.”
Haseeb Aziz, managing director at HIG WhiteHorse, says: “Steelite is a successful
Nearly three-quarters (71 per cent) of advisers are backing renewable energy investment given the inflation protection it provides, according to a study by Albion Community Power (ACP).
ACP is a power generation company launched by UK venture capital specialist Albion Ventures.
Despite receiving support from advisers as an attractive investment opportunity, the majority (58 per cent) of IFAs rated their knowledge of the range of renewable energy investment schemes currently available as ‘below average’ or ‘weak’.
While the majority of advisers are familiar with solar and wind energy, the research showed that three quarters (75 per cent) were
IP Group has extended its commercialisation agreement with The University of Manchester through its technology transfer company, UMI3 Ltd, to include Proof-of-Principle (PoP) funding for graphene projects.
Subject to completion of its capital raising announced on 23 January 2014, it intends to commit a further GBP2.5m of funding, bringing the total to GBP7.5m, under the revised terms of the agreement which has also been extended to 2019.
The capital raising is due to complete on 14 February 2014.
Sir Kostya Novoselov and Sir Andre Geim first isolated graphene at The University of Manchester in 2004 and their ground-breaking experiments
Schroders Chief Economist and Strategist Keith Wade updates us on his thoughts on the pace of the current US economic growth…
The US economy has strong momentum having shrugged off the government shutdown, and leading indicators suggest that growth will remain robust in the first quarter of 2014. Risks are still skewed to the upside of our 3% real GDP forecast with signs that capex may also join the party as shareholders become more positive toward companies who invest.
Stronger growth will bring lower unemployment and our view is that the US Federal Reserve will be surprised by the pace of
The Securities and Exchange Commission’s office of compliance inspections and examinations (OCIE) has issued a risk alert on the due diligence processes that investment advisers use when they recommend or place clients’ assets in alternative investments such as hedge funds, private equity funds, or funds of private funds.
“Money continues to flow into alternative investments. We thought it was important to assess advisers’ due diligence processes and to promote compliance with existing legal requirements, including the duty to ensure that such investments or recommendations are consistent with client objectives,” says OCIE director Drew Bowden.
The alert describes
Accountant and business adviser firm James Cowper has advised City & County Healthcare Group on a secondary management buy-out from Sovereign Capital Partners with backing from Graphite Capital.
City & County provides home care assistance, primarily for the elderly. It also provides specialist care services for young people and adults with more complex or long term conditions such as learning disabilities, mental health needs and brain injuries.
Operating from 64 branches across England, Wales and Northern Ireland, City & County’ carers provide care to over 15,000 individuals a year, primarily on behalf of local authorities and the NHS, as
HIG Growth Partners has partnered with CDI Computer Dealers’ owners and management team to make an investment in the company.
Founded in 1981, CDI is a provider of refurbished technology to the North American education market.
The financial terms of the investment were not disclosed.
“HIG’s investment in CDI provides additional resources, capital and strategic guidance that will enable us to expand our product and service offering to even better serve our core education customer base,” says Saar Pikar, CEO of CDI.
Steve Loose, a managing director of HIG, says: “Through a combination of both organic growth
David Schamis, formerly a managing director at JC Flowers, a private equity firm that invests in financial services firms, has joined Atlas as a founding partner.
At Atlas, which was founded in 2013 by Bob Diamond, Schamis will oversee the firm’s private equity investing.
“David is a financial services powerhouse and a consummate dealmaker,” says Diamond. “He brings to Atlas over 13 years of private equity experience at J.C. Flowers and, from his time at Salomon Brothers, has been known as one of a small handful of bankers that other bankers want as their banker. He will be an
Sovereign Capital, the UK private equity buy and build specialist, has appointed Robert Morgan as non-executive chairman of portfolio company Alcumus, a compliance software and certification services company.
Morgan chairs a number of private equity backed businesses in the B2B services and healthcare sectors in the UK and US, which include SME services, oil & gas sustainability, certification, compliance and learning & development.
He has worked in the legal and criminal justice system in outsourcing and previously he was executive director of Hays, a FTSE 100 services group.
Alcumus has expanded considerably since Sovereign’s investment began in 2009.
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