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Brazos Private Equity Partners’ portfolio company Healthcare Solutions has acquired Modern Medical, a pharmacy management and specialty health services company serving the workers’ compensation market.
The investment is Healthcare Solutions’ third add-on acquisition. Terms of the transaction have not been disclosed.
Healthcare Solutions is the parent company of Cypress Care, Procura Management and ScripNet. The company completed the acquisition of Modern Medical on 13 September.
“We are excited about completing this strategic add-on acquisition,” says Jeff Fronterhouse, co-founding partner and co-chief executive of Brazos. “Consistent with our initial investment thesis, the containment of medical costs within the
There has been a dramatic improvement in funding conditions for UK growth companies, according to research by UK mid-market private equity firm ECI Partners.
ECI’s poll of over 650 growth companies shows companies are finding it easier to tap bank funding, with a significant increase in companies looking to public markets and private equity to provide capital, reflecting a wider improvement in the UK economy and growing equity culture.
David Ewing, managing partner at ECI Partners, says: “The importance of growth companies cannot be overstated, as they play an essential role in creating jobs and boosting UK prosperity.
BNY Mellon has launched an enhanced distribution “waterfall” capability as part of its private equity fund services.
Distribution waterfalls in a private equity fund establish how proceeds from realised investments will be divided between investors and the fund manager. It is also through the distribution waterfall that fund managers and principals receive their performance and incentive fees, or “carried interest”.
Waterfall calculations, which are governed by the language found in limited partnership agreements, are one of the most complex aspects of servicing private equity funds. Today, most private equity firms and fund administrators rely on labour-intensive manual methods to
TopQ Software, a technology company founded by former private equity investors, has launched on topquartile.com.
TopQ is a tool for the secure exchange and analysis of track record data between private equity fund managers and institutional investors.
TopQ allows private equity fund managers to upload their fund performance data securely and quickly, and share their data with invited institutional investors. Using TopQ, investors can then analyse the data with accuracy and speed.
TopQ contains an array of proprietary technology, including an “intelligent import” capability, which means the platform can interpret track record data from a variety of
Luxury will hardly ever be a sector where you can launch a brand and be instantly successful, say Scilla Huang Sun (pictured) and Andrea Gerst, managers of the Julius Baer Luxury Brands Fund, Swiss & Global Asset Management…
Brands need a strong heritage but also need to innovate to stay ahead of the curve and gain market share. Companies are responding to men’s increasing interest in luxury products, where growth is outpacing that of the women’s market. Brands like Hermès, Burberry and Gucci more and more open dedicated men’s stores around the World. Men are particularly interested in high-end casual
Vodafone has obtained unconditional merger control clearance from the European Commission for the voluntary public takeover offer for Kabel Deutschland.
With merger approval from the European Commission, all conditions to the offer have been met and Vodafone expects to close the transaction on 14 October 2013.
Kabel Deutschland shareholders who have not yet accepted the offer can tender their shares until midnight (CET) on 30 September 2013.
Vodafone’s offer values Kabel Deutschland at EUR87 per share.
International law firm Edwards Wildman has advised Bessemer Venture Partners as lead investor on a USD35m series D financing for UK technology firm NewVoiceMedia.
London based partner Shawn Atkinson led the cross-border team with assistance in the London office from Jill Hanson, Costa Smith and Joel Marris. Providence based partner Eugene McDermott, along with tax partner Scott Pinarchick and associate Katie Day (both Boston), provided advice on the US aspects of the transaction.
NewVoiceMedia is a provider of true cloud contact centre and voice solutions. Established over 10 years ago, it now serves over 8,000 agents and has over
As the ban on hedge fund, private equity fund and venture capital fund "advertising" is set to lift on 23 September, most funds are wondering if they should take advantage of the opportunity or sit it out.
Of most immediate concern will be whether the chance to advertise, reach out to the media, or otherwise market their expertise will actually help funds repair reputations tarnished during the financial crisis, says financial services reputation expert Davia Temin (pictured).
"Financial services marketing is tricky at best. And, these are sophisticated, complex investments that must be thoroughly understood before customers make an investment. Any public marketing campaign would have to be
Gousto, the new recipe box delivery business that recently appeared on Dragon’s Den, has raised further funds from investors.
A group of food industry veterans has invested GBP130,000 and the Angel CoFund has invested a further GBP120,000. Along with initial backers, this has given Gousto a total of half a million pounds worth of investment.
Gousto, the brainchild of Timo Schmidt and James Carter, delivers organic, local produce in exact portion sizes, for specific recipes – therefore eliminating any waste, making the cooking process easy for users and encouraging healthier home-cooked dining.
This latest fundraising round will
Resource Capital Partners (RCP), a private equity fund management company with offices in Denver and Almaty, Kazakhstan, has made its first investment.
The fund will allocate up to USD6m through a convertible debt instrument to finance a CapEx programme for the Maxut copper-nickel deposit in Kazakstan. The developer of the project is BAST LLP.
The fund will obtain an equity interest of 50.1 per cent.
Richard Waryn, managing director, says: “We are pleased to announce our fund’s first investment. The Maxut copper-nickel project offers a compelling opportunity for the fund to acquire a majority stake in a substantially
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