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Ada Investments is to migrate its core services and production applications to Gravitas Private Cloud, a secure, scalable and integrated solution built on VCE’s VBlock state-of-the-art virtualisation and cloud technology.
"Faced with unprecedented challenges to reduce their overall technology costs and enhance operational efficiency, alternative asset management firms are seeking proven, enterprise-strength technology partners who can provide an array of solutions that will allow them to spend more time on investing and less on managing IT issues," says Gravitas CEO Jayesh Punater. "The steadily growing demand for application delivery through a hosted cloud platform has created a need for a resilient,
Options, provider of the Options PIPE Private Financial Cloud, a managed infrastructure platform for the trading and alternative investment communities, has expanded connectivity to additional global foreign exchange markets and has upgraded connectivity between the major US trading venues.
With these additions, Options now provides clients with high performance and highly available connectivity to more than 60 markets, including ultra-low latency connectivity in the NJ2 and NY4 data centres to Barclays, Citi, Credit Suisse, Currenex, Deutsche Bank, EBS (ICAP), FXAll, Reuters Dealing, UBS and Hotspot FX (Knight).
"Our new connections to global FX markets reflect our ongoing strategy of
The stalking horse bid submitted by affiliates of Apollo Global Management (Apollo) and Metropoulos & Co (Metropoulos) for the majority of the Hostess Brands’ snack cake business, which includes both Hostess and Dolly Madison branded products, will be the bid presented for approval to the US Bankruptcy Court as no other qualified bids were received for those assets.
Apollo and Metropoulos have agreed to pay USD410 million to purchase the brands, five bakeries and certain equipment. Among the products included are the Company’s Twinkies, Ho Hos, Ding Dongs and Donettes snack cakes. The Company will ask the US Bankruptcy Court
Derek Braddock and Bill Matthews have launched BraddockMatthews, an executive search firm focused exclusively on the asset management and financial services industries.
BraddockMatthews, with offices initially in New York and Boston, will be built on nearly 60 years of combined industry experience and a commitment to providing insights and service to asset management, hedge fund, private equity, investment banking, brokerage, endowment and foundation, and private investment clients.
Braddock says: “We are very excited to announce the launch of our new firm and have hit the ground running by leveraging our deep search experience across investment, marketing and business development, operational,
Altius Associates has appointed William (Billy) Charlton as a partner and head of US investments.
He will be based in the Richmond, Virginia office, reporting to Brad Young, head of investment.
Young says: “We are delighted to have secured Billy, an experienced and knowledgeable investment professional, to lead our US Investment business. His background and experience in the American private equity sector, and his knowledge of buyout, venture and growth capital, along with his intellectual grasp of the broader investment dynamics in private equity portfolios, make him an ideal candidate for this important role. We looked long and hard
A new Catapult centre that will help make cities become smarter and more forward thinking will be hosted in London, UK Business Secretary Vince Cable has announced, following on from the news that Glasgow will host the Future Cities demonstrator.
The Catapult will be funded by up to GBP50m over five years through the Technology Strategy Board. With additional private sector inputs, the funding for the centre is expected to rise to around GBP150m.
The Catapult will look at ways in which services across areas such as health, transport, energy and public safety can be integrated, helping to boost the
French company EyeTechCare has secured a third round of funding amounting to EUR10m.
Bernard Chauvin, a private investor, has taken an equity stake in the company alongside the two of the existing investors which also contributed to this round of funding: the capital investment company Omnes Capital (formerly Crédit Agricole Private Equity) and the Lyon-based insurer SHAM.
Since its last round of funding in 2010, EyeTechCare has completed the EyeMUST 1 trial, which tested the EyeOP1 device on around 60 glaucoma patients in nine centres in France. In May 2011, EyeTechCare obtained the CE mark, allowing the company to start
Maven Capital Partners, a venture capital trust, private equity and alternative asset manager, has made a partial exit from its investment in Homelux Nenplas via the sale of the Homelux Division to US firm QEP Company.
Homelux is a supplier of tile accessories to the DIY and professional market. Specialising in the marketing and merchandising of kitchen and bathroom products, the business supplies home improvement outlets across the UK, Europe and North America.
Since Maven invested in the management buyout of the business in 2006, in a transaction led by Andrew Ferguson of Maven’s Birmingham team, the company has grown
Lund International, a portfolio company of Highlander Partners, has acquired the Prestige Fender Flare assets of Empower Group.
Prestige Fender Flares is a designer and producer of premium quality fender flares sold throughout the US.
Co-founders Anthony Liu and Robert Chen, who have built Prestige into a leading provider of fender flares in the automotive aftermarket, will join Lund in a management capacity focusing on new product development.
Liu and Chen say: "We are excited to complete this transaction with Lund and look forward to leveraging its extensive, multi-channel distribution capabilities to continue to grow in the fender flare market
MacuLogix, a specialist in the early detection and tracking of age-related macular degeneration (AMD), has raised USD3.6m in series A funding.
Investors include Berwind Private Equity, Roche Venture Fund, Life Sciences Greenhouse of Central Pennsylvania, and Ben Franklin Technology Partners of Central and Northern Pennsylvania.
The funds will be used to accelerate manufacturing and commercial sales of the MacuLogix’ AdaptDx. The AdaptDx is being developed to be the first practical diagnostic for early detection and tracking of AMD. Based on significant advances in the measurement of dark adaptation, the AdaptDx will provide doctors with an easy-to-use, functional diagnostic similar to
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