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Vermilion Software has expanded its operations to the Far East with a new office at 8 Marina View, Asia Square Tower 1, Singapore.
This expansion of operations will be led by Simon Cornwell (pictured), co-founder and global sales and marketing director, who has relocated to Singapore to ensure continuity of Vermilion’s client services and support in the Far East.
Celebrating its 10th anniversary this year and having recently opened a larger office in North America, Vermilion’s newest expansion is to support the growing number of Vermilion clients and explore opportunities in the Asia Pacific region. Difficult market conditions
TyresOnTheDrive.com, the online mobile tyre-fitting service, has secured a further GBP1.5m investment, led by MMC Ventures and supported by EV Group, to support its nationwide expansion.
This latest round of funding brings the total investment, including funding from the founders, to over GBP2.6m.
Tyres on the Drive, which currently covers the North West and the West Midlands, is pushing ahead with plans to expand its operations into Yorkshire and across the South and London as quickly as possible. As a result of its rapid growth, the investment will be used to double its current fleet of specially designed
Carey Olsen has acted for private equity fund Better Capital PCC Limited on the raising of GBP185.6m through a placing and open offer to new and existing shareholders.
Net proceeds of GBP182.0m were deployed into Better Capital’s Fund II to invest in a portfolio of distressed businesses.
The fundraising follows Better Capital PCC Limited’s conversion into a protected cell company and the launch of Fund II last year.
Working with DLA Piper as lead counsel, the Carey Olsen team advising Better Capital on the fundraising was led by corporate partner Tom Carey and included senior associate Tony
Patrick Moonen (pictured), Senior Strategist Multi Asset at ING Investment Management (ING IM), on European equities…
It’s not clear whether a consistent positive relation exists between the average temperature on European beaches and market performance, but since the start of the summer global investors seem to look with a different eye to the European equity market. Although we must not get carried away – as one swallow does not make a spring – we think investors did rightfully become more positive on Europe.
For a starter, Europe emerged from recession in the second quarter. The improvement was broad-based with both
Matthew McAskin has joined the Evercore’s investment banking business as a senior managing director in its healthcare group.
He will be based in New York and will focus on advising clients in the healthcare services sector.
McAskin was most recently a managing director and co-head of healthcare services investment banking at Goldman Sachs. With over 17 years of banking experience at Goldman Sachs and JPMorgan, McAskin has extensive experience advising a broad array of healthcare services companies and private equity firms, and he has advised on a number of the most recent notable transactions in the hospital, managed
Foundation Capital has named Jonathan Ehrlich as partner at the firm.
Ehrlich (pictured), a former director of marketing at Facebook, will concentrate on identifying and investing in early-stage consumer, mobile, and small business oriented startups and technologies.
“Jonathan is everything Foundation Capital looks for in a partner,” says Charles Moldow, general partner at Foundation Capital. “He has tremendous operating experience, a strong rapport with entrepreneurs and knows what it’s like to be on the front lines of the VC world. We couldn’t be more excited to have him find new projects and look forward to the immediate value
Murano’s Chromic Reverse Solicitation Process (Chromic RSP) enables investors and fund managers to comply with the AIFMD reverse solicitation conditions.
Chromic is an important tool to assist in the documentation process.
Chromic enables investors to receive information directly from fund managers using the service provider’s infrastructure when carrying out searches. In this process, a service provider sends an email to the investor detailing the characteristics of a fund or funds that are potentially suitable. This email contains a button which, when clicked, will generate an email that is sent on behalf of the investor (i.e. from the investor’s
Katherine Woodthorpe is retiring from her role as chief executive of The Australian Private Equity and Venture Capital Association (AVCAL).
Woodthorpe says that after seven years in the role, the time is right for her to pursue fresh challenges.
AVCAL’s chairman John White says: “Shortly after Katherine joined AVCAL as CEO, private equity was in the regulatory spotlight in the US, UK and Australia. Katherine was instrumental in assembling the evidence to show that PE had an overwhelmingly positive impact on the Australian economy. Since that time, Dr Woodthorpe and her team have done much to build a better understanding
FNB Capital Partners has launched the Small Business Investment Company (SBIC), which closed in May 2013 and received its licence from the US Small Business Administration to operate FNBCP as an SBIC on 21 August.
Along with its initial capital raise and SBA leverage, FNBCP has deployable capital of USD175m. FNBCP’s investors include several high net worth individuals, a pension fund and six regional banks, including anchor investor FNB Corporation.
FNBCP, which exceeded its initial target of USD150m, will be managed by Tecum Capital Management.
As the only active SBIC based in Pittsburgh, Pennsylvania, FNBCP will focus
Summit Partners is to sell Actix Ltd, an independent software provider in mobile optimisation, to Amdocs for approximately USD120m in cash, subject to customary closing conditions.
Bill McHale, chief executive of Actix, says: “Summit Partners’ expertise in the mobile telecommunications and software sectors enabled Actix to develop the ActixOne platform. The optimization space has been undergoing significant changes, and Summit helped the Actix management team become a significant vendor in this dynamic, growing market. These factors allowed Actix to realise its potential and become part of the much larger Amdocs family.”
“It has been a pleasure to work
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