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Lynn Nicholson has joined the European Private Equity and Venture Capital Association (EVCA) as senior communications manager.
Nicholson’s (pictured) responsibilities include the delivery of member, industry and press communications with a particular focus on strategy and content.
An experienced communications professional and M&A consultant, Nicholson joins from B2Boost, a pan-European IT service provider, where she headed up the communications and marketing functions. Previously, she spent nine years working in the UK financial services industry as both a management consultant and as an investor relations officer.
Emma Thorpe, EVCA head of communications, says: “Lynn brings an exceptional combination
Alter Domus, a provider of administration services for alternative investment funds and multinational corporations, will be offering depositary services in Luxembourg and expects to be in the first wave of regulatory approvals.
Alter Domus will leverage this experience to provide such services in other relevant countries and is considering the legislation and guidance as it is published with this regard.
Alter Domus is launching a depositary service to support its clients in meeting a new requirement for funds captured under the AIFM Directive to appoint an independent depositary.
Laurent Vanderweyen (pictured), Luxembourg chief executive and head of
electroCore, a company developing non-invasive Vagal Nerve Stimulation (nVNS) therapeutic devices to treat a range of medical conditions including primary headaches, has raised USD40m from Merck’s Global Healthcare Innovation Fund and private equity groups Easton Capital and Core Ventures.
The capital will be used to finance commercialisation of the company’s first approved product, gammaCore, in European and global markets where it is approved. In addition, funds will be used to continue ongoing clinical trials of gammaCore in primary headache, and to expand discovery and development programs in other neurological and psychiatric fields.
gammaCore has not yet received regulatory
Ridgemont Equity Partners, a middle market buyout and growth equity investor, has closed an equity investment in Simpleview, a provider of software and digital marketing services to destination marketing organisations (DMOs).
The existing management team, led by chief executive Ryan George and president Rich Reasons, will continue to run the business and has invested alongside Ridgemont in the transaction.
The financial terms of the transaction were not disclosed.
Headquartered in Tucson, Arizona, Simpleview provides a cloud-based comprehensive technology platform which connects DMOs around the world to travellers, meeting planners, and local businesses. The company’s services include customer
PwC’s recent survey of private equity backed companies indicates that the popular perception of private equity as an investor only involved for short term gains could not be further from the truth.
The reality is that PE houses are perceived as more willing to finance companies than traditional lenders and prepared to invest for growth.
The survey of nearly 100 PE backed companies in the UK found that 74 per cent of portfolio companies said their PE backers were willing to invest further capital into their businesses, compared to 66 per cent of respondents saying the same about their
Offshore law firm Mourant Ozannes has advised on a EUR350m private equity fund for DPE Deutsche Private Equity.
The team, led by partner Joel Hernandez and assisted by Kerill O’Shaughnessy, Jonathon MacFeeters, Matt Satchell and Stefan Chinniah, provided Jersey advice in connection with the launch and closing of DPE Germany II and its related feeder fund (DPE II).
DPE II is the second fund for DPE Deutsche Private Equity, a German investment firm.
DPE II has closed with approximately EUR350m of capital commitments from approximately 20 institutional investors. DPE Fund II intends to invest in medium-sized companies
Somo is one of the first beneficiaries of the new MMC London Fund, launched this week at London’s City Hall.
The fund, managed by the Mayor of London and partly financed by a grant from the European Regional Development Fund, is intended to support the growth of London-based businesses.
The investment from MMC Ventures will primarily be used to further expand and develop Somo’s licensed mobile technology products and platforms.
Somo, which celebrated its fourth birthday last month, has also announced the opening of a second London office to house its team of 20 technology engineers. The
August Equity has strengthened its investment team with three promotions.
Rob Simpson (pictured) has been promoted to business development director whilst Mehul Patel and Anthony Bellau are now investment directors.
Simpson, who joined August Equity in 2011, has sourced a number of acquisitions for August Equity including the platform acquisition for the Compass Group investment and has also worked on the Aspirations and SecureData investments.
Patel, who joined August Equity in 2009, has worked on a number of transactions including the recent SecureData investment and the subsequent bolt-on of Quadrant Networks Limited. He is also a non-executive
Capital Dynamics, a private asset manager, and Diligence Capital, a China-based RMB fund of funds manager, have established a strategic cooperation to capture regional investment opportunities on behalf of China’s rapidly growing pool of institutional investors and Capital Dynamics’ global investor base.
Capital Dynamics will formally adopt Diligence Capital’s Chinese name for activities relating to China, while Diligence Capital will operate under the English-language brand “Capital Dynamics China”.
China, with its extraordinary growth and flourishing private equity market, is of increasing importance to both local and foreign private equity investors alike.
Capital Dynamics has been investing in
AXA Private Equity has signed a binding agreement with Progressio SGR, on behalf of the Fund Progressio Investimenti II, to sell its majority (88 per cent) stake in Duplomatic Oleodinamica.
Based in Parabiago, Milan, Duplomatic Group is a producer of hydraulic valves, pumps and oil-pressure activated systems which are mainly used in industrial applications for industries such as energy, machine tools, construction machineries, rubber and wood industry as well as naval and agricultural industry.
AXA Private Equity acquired the majority of the group in 2008 with the objective of strengthening its market position. The firm implemented a growth
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