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Pure Storage, the all-flash enterprise storage array company, has closed an oversubscribed USD150m series E funding round with institutional investors – the single largest private funding in the history of the enterprise storage industry.
Led by T Rowe Price, Tiger Global Management and other public market investors, with participation by its previous venture capital investors Greylock Partners, Index Ventures, Redpoint Ventures, Samsung Ventures and Sutter Hill Ventures, the new funding brings the company’s total capital raise to USD245m and puts the all-flash storage pioneer on-track for a future initial public offering (IPO).
Pure Storage will use the new
Maven Capital Partners has made a further investment in existing portfolio business Fletcher Shipping.
Maven Client Funds, alongside the Scottish Loan Fund (SLF), which is managed by Maven, have provided a GBP5.5m package to part fund the acquisition of a fourth and fifth Platform Support Vessel (PSV), the FS Pisces and FS Sirius.
Established in 2007, employing around 100 people, Fletcher owns and operates PSVs in the North Sea. These vessels support the offshore oil and gas industry by transporting everything an oil rig needs to function 365 days a year including food, consumables, production/drilling equipment, replacement parts
Goal Group, a claims outsourcing provider and tax reclamation specialist, has appointed David Gilbert as global business development manager and Tania Dupoy as sales and relationship manager.
Both are to be based at Goal Group’s London office.
Gilbert has over 20 years’ experience, for the most part within the financial information industry. His most recent position was as regional sales director at Interactive Data, a provider of financial market data, analytics, and related solutions to financial institutions.
Various positions have led Gilbert to gain experience in generating sales and revenue, management, and direct involvement in major client
The Carlyle Group and The Townsend Group have partnered with Shanghai Yupei Group, one of the largest logistics warehouse developers in China, to invest in 17 modern warehouses in China.
Carlyle and Townsend will commit approximately USD200m to acquire equity interests in five warehouses owned by Shanghai Yupei Group and to build 12 new warehouses in the next two years.
Shanghai Yupei Group will also invest USD200m, bringing the total equity commitment of the strategic partnership to USD400m.
The 17 warehouses will be located in major logistics hubs across China, including the first-tier cities of Shanghai, Beijing,
GreenWorld Capital has appointed Usman Haque as director, European, Middle East and Africa (EMEA) to support the firm’s growing efforts throughout the region.
Haque will be based in London, England.
Haque says: "I am very excited to be joining such a creative and progressive firm as GreenWorld. My access to investment and acquisition opportunities across EMEA is extremely well-matched with GreenWorld’s network of capital sources in the US and China. I also look forward to introducing my network of capital sources across EMEA to GreenWorld’s array of acquisition and investment opportunities in various regions in these important and
The further deterioration in the Syrian situation adds to the upside risk for oil prices, says Gary Dugan, Chief Investment Officer, Asia and Middle East at Coutts…
Increasingly vocal international allegations that the Syrian government has used chemical weapons, and the start of UN inspections on Monday, may foreshadow a potential international military intervention.
The US had previously cited the use of chemical weapons as a “red line” that, if crossed, would draw a far more robust response from the international community (notably the US, UK and France). If the US were to intervene, it would likely lead to a
London-based consulting and outsourcing firm HedgeStart has questioned the readiness of hedge and private equity fund managers for the proposed changes to the taxation of limited liability partnerships.
In May, HMRC issued a consultation document aimed at curbing, as they saw it, the tax reduction schemes used by alternative asset managers. This practice took two forms: disguising what would otherwise be employment relationships through limited liability partnerships; and the manipulation of profit and loss allocations to achieve tax advantages. The vast majority of UK LLPs and partnerships in the hedge fund and private equity sectors may be impacted.
Laurence Parry
Bob Devine has joined regulatory incubator Sturgeon Ventures as a portfolio manager.
London-based Sturgeon’s client list includes a number of hedge, venture capital and private equity fund management companies.
Devine has more than 40 years’ experience in fixed income markets. He was previously a fixed interest asset manager and macro-economic strategist with EPIC Asset Management and Ashcourt Rowan Asset Management. He is a former European director of capital markets with Nat West Markets and BZW (now Barclays Capital), and a former head of business development at Oxford Economics.
Devine started his career on the London Stock Exchange
Paymetric, a provider of SaaS-based enterprise security and integrated payment acceptance solutions, has secured a majority investment from Francisco Partners, a technology-focused private equity firm.
The investment will provide Paymetric with a new financial partner to help it capitalise on its current momentum and continue to drive product innovation and global expansion.
Paymetric has grown substantially in recent years as enterprise-level merchants increasingly demand solutions to seamlessly integrate and secure complex payments and other mission-critical data and processes. The new investment from Francisco Partners will allow Paymetric to continue to launch new modules and extend capabilities to meet
New York-based private equity firm Arsenal Capital Partners has acquired International Fiber Corporation (IFC), a supplier of cellulose‐based insoluble fibre products for food and industrial applications globally.
Prior to close of this acquisition, IFC was a portfolio company of Swander Pace Capital.
Founded in 1917, and headquartered in North Tonawanda, New York, IFC’s fibre is used in food applications for a variety of functions including improving taste and texture, enhancing yield and processability, and numerous health benefits. In industrial applications, IFC’s fibre is used to thicken paints, strengthen rubber used in industrial hoses and belts, for filtration as
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