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ObserveIT, a provider of user activity recording and auditing software, has raised USD20m from Bain Capital Ventures.
Growing over 3,500 per cent in the past five years, ObserveIT’s solution is used at more than 800 corporations in 70+ countries.
ObserveIT will use the funding to expand US headquarters and overall product development, sales and marketing.
ObserveIT is the only provider of the complete visual log via a software-only solution and provides a comprehensive monitoring and insight into user activity that enables its customers to solve compliance, security and IT operational problems.
“Customers are finding that ObserveIT is
Arsenal Capital Partners, a New York-based private equity firm that invests in middle-market specialty industrial and healthcare companies, has acquired Flowchem, a specialty chemical provider to the pipeline industry.
Founded in 2001, and headquartered in Waller, Texas, Flowchem is a provider of Drag Reducing Additives (DRAs) to improve pipeline flow in onshore and offshore pipeline applications.
The company's DRAs reduce drag and turbulence in petroleum pipelines in order to increase throughput capacity and energy efficiency, providing significant cost savings to pipeline operators.
The company has two operating facilities in Texas.
"We are delighted to have the opportunity
Actis, the pan-emerging markets investment firm, has closed its third energy fund Actis Energy 3.
The fund was heavily oversubscribed, raising a total of USD1.15bn, exceeding its original target of USD750m by 50 per cent.
Actis Energy 3’s investor base includes public pension funds, sovereign wealth funds and families from the US, Europe and Asia. Discretionary co-investment capital worth USD262m is also available to the fund.
Actis Energy 3 will invest in electricity generation and distribution businesses in Latin America, Africa and Asia. The Actis energy team of 19 dedicated investment professionals has already started building the fund’s
Carey Olsen has acted in a significant acquisition and financing deal by Goldman Sachs and affiliates to buy UK motor insurance company Hastings Insurance Group.
With 1.3 million customers, the group’s brands include Hastings Direct, People's Choice, Insure and Renew. The acquisition will be financed through a mix of equity and a bond issuance putting the group's value at around GBP700m.
The team from Carey Olsen advised Hastings on the Jersey legal aspects of the transaction. Corporate partner James Mulholland led the team which included partners Mike Jeffrey (mergers and acquisitions) and Simon Marks (financing), senior associates Matthew Ecobichon
Private equity firm High Road Capital Partners has held the final closing of High Road Capital Partners Fund II, with a hard cap of USD320m in total commitments, well in excess of its USD200m target.
“We are very grateful for the tremendous support and trust from existing and new investors. We have a diverse group of notable limited partners who share our belief that the smaller end of the middle market represents a great opportunity to create value and deliver exceptional returns,” says Robert Fitzsimmons, co-founder and managing partner of High Road Capital Partners.
High Road’s capital base comprises
With Guernsey’s new opt-in AIFMD equivalent regime effective from 2 January 2014, Fiona Le Poidevin, chief executive of Guernsey Finance, explores how the island offers optionality and substance to fund managers.
There is no escaping from the fact that the EU’s AIFMD presents one of the biggest regulatory challenges the European orientated investment management community has seen in recent times.
Indeed, the upcoming 12 to 18 months will prove pivotal in determining the implementation of the AIFMD and the implications for investment houses and their client bases, particularly as European Economic Area (EEA) member states begin to interpret the
Altius Holdings, the parent company of Altius Associates Ltd, has appointed Joseph Crumbling to the board of directors.
The appointment was confirmed at a meeting of the board on 5 December 2013.
Crumbling is a vice president of T Rowe Price Group and T Rowe Price Associates. His role is that of assistant to the president. Prior to this position, he served as a general manager in both the third party distribution and investment operations divisions of T Rowe Price. Before joining the firm in 1993, he was director of operations for the Baltimore and Harrisburg offices of Coopers
Glennmont Partners, one of the largest infrastructure vehicles dedicated to clean energy across Europe, has secured a EUR50m investment in its second fund by the European Investment Bank (EIB).
The investment is the single largest clean energy equity investment made by EIB this year.
Clean energy investment is a key focus for the EIB as it works to support the European Union’s stated policy objective to cut greenhouse-gas emissions across Europe by 20 per cent over the next six years. In recent years the EIB’s annual lending in this sector has increased substantially reaching EUR3.3bn in 2012.
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Following its angel funding round earlier this year Gousto, the recipe box delivery business that appeared on Dragon's Den, has now closed a USD2m investment led by venture capital fund MMC Ventures.
Existing investors, including the Angel CoFund, also participated.
The funding will be used to further strengthen the product and to fast-track the business.
The online food market is worth GBP7bn today and is forecast to grow to GBP18bn by 2018. Founded by Timo Schmidt and James Carter last year, Gousto delivers organic, local produce, in perfect portion sizes, with easy-to-follow step-by-step recipes – eliminating food waste
Alkhabeer Capital has acquired a majority shareholding in Express Publishing and Investment Limited.
The acquisition marks Alkhabeer Capital Private Equity’s second transaction in the UAE’s industrial sector.
Alkhabeer Capital aims to expand the value of its private equity investments through facilitating and leading the growth of its portfolio companies in Saudi Arabia.
Express Group was founded in the UAE in 1990 and has a 20 year track record as a provider of corrugated and flexible packaging products. The company consists of two businesses: Express Pack Print, a manufacturer of corrugated packaging products for industrial use and consumer products;
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