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A fund managed by Blackstone on behalf of its private equity investors is to acquire a majority stake in Accuvant, a provider of information security solutions and services.
Accuvant management and existing shareholder Sverica International will invest alongside Blackstone in the transaction.
Blackstone’s investment will enable Accuvant to accelerate its pace of expansion and enable the management team to deploy additional capital and resources for a broader roll-out of its product- and service-based solution offerings.
This investment leverages Blackstone’s technology experience and capabilities, and also significantly broadens its presence in the information-security sector. The increased prevalence and complexity
Unigestion has developed a new framework within which to assess risk in private equity in a new piece of research undertaken in collaboration with EPFL.
The new approach differs from others in two major ways. First, it is based on actual cash flows of private equity funds, rather than their interim valuations that are more commonly used.
Second, it defines risk as the deviation of actual cash flows from expected cash flows by timing and amount. In other words, it quantifies the risk that a private equity fund will distribute less or later than expected to investors.
Existing
SAP Ventures, the independent venture capital firm affiliated with SAP AG, has named Rami Branitzky as managing director to lead the global market development team.
With more than USD1.4bn under management, SAP Ventures invests in innovative and disruptive expansion-stage companies, as well as early-stage venture capital funds, across the information technology landscape.
Branitzky will oversee the firm's efforts to enable its direct and indirect portfolio companies to leverage the capabilities of one of the world's largest enterprise IT ecosystems through its limited partner, SAP AG.
With close to 20 years of experience, Branitzky is a veteran of building and
Adbrain has raised USD7.5m in a Series A funding round led by Octopus Investments, while existing investors Notion Capital also participated.
Adbrain will use the funding for its ongoing expansion into the US and Europe, and to step up the recruitment in its engineering, big data and artificial intelligence teams.
Following the beta launch of its platform in February 2014, Adbrain onboarded some of the world’s most high-profile agencies and trading desks: Annalect (part of Omnicom Media Group Europe), The Exchange Lab, M&C Saatchi Mobile, Fetch and Somo.
Adbrain’s vision is to empower global advertisers with technology that
The environment for private equity growth remains favourable, according to feedback received from Red Rocks Capital GLPE Index constituents.
“Capital markets in the US and around the globe have remained relatively calm, creating conditions that have favoured both the deal making environment and the ability of private equity companies to realise profits through IPOs or through M&A strategic sales,” says Mike Trihy, manager of the GLPE Index at Red Rocks Capital.
“Overall, the management teams of GLPE constituents have maintained both a disciplined approach to investing and conservative debt levels. We believe that these factors make a compelling argument
PrivatEquity.biz, an internet trading platform which allows current and former employees who hold the securities of high-tech companies which were not issued yet to offer the private securities they own for sale, is now open for business.
PrivatEquity.biz's site, which connects private investors with current and former employees who hold the securities of private high-tech companies, was launched in Israel this week and is now open for registration to employees around the world.
Employees, former employees, service providers and founders who hold private high-tech companies' securities, can now offer their private securities for sale. The meaning for securities' holders,
Law firm Dechert has appointed Mark Browne as a partner with the firm’s financial services group in its Dublin office.
“We are delighted to have Mark join us,” says Peter Astleford, Dechert’s global financial services group co-chair. “Mark’s experience, dynamism and deep knowledge of the Irish and international investment funds sector will be an important addition to our expanding local and global capability. His experience in advising US, UK and international asset managers on their Dublin-based fund projects, combined with his offshore experience, will be invaluable in meeting the needs of our clients and adding to our capability to advise
State Street has appointed two senior executives to its alternatives investment solutions' (AIS) North American private equity fund services team.
Suresh Krishnamurthy and Cesar Estrada, both senior managing directors, will lead teams dedicated to servicing alternative fund of funds, limited partner, direct and hybrid structures.
They will report to Bhagesh Malde, head of private equity and real estate fund services for North America and Asia Pacific.
"The search for alpha, increased demand for transparency, risk management, real-time latency issues and regulatory complexity are putting pressure on alternative asset managers," says Malde. "Continued growth for direct and hybrid private
Initial public offerings (IPOs) raised close to EUR13bn in equity last year, matching the 10-year average in Europe in terms of both the number of deals and their total value, according to a report published by Standard & Poor's Ratings Services.
Titled "Inside Credit: Private-Equity Owners Lead The European IPO Resurgence As Company Valuations Improve," the report points out that private equity firms seeking exits from their investments are at the forefront of this revival in the IPO market.
Standard & Poor's European corporate research analyst Taron Wade says: "First, buoyant equity markets are making valuations attractive for companies
Euronet Worldwide is to acquire UK-based HiFX, a provider of online initiated international payments and foreign exchange services, for GBP145m or approximately USD242m.
Twenty five per cent of the purchase price will be paid in shares of Euronet stock and the balance in cash.
Euronet's existing revolving credit facility will be used to fund a portion of the cash consideration.
The acquisition allows Euronet to offer an account-to-account international payment service to high-income individuals and small-to-medium sized businesses, complementing Euronet's existing consumer-to-consumer money transfer business.
HiFX offers affordable exchange rates, security and a multi-channel platform which allows
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