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Frontier markets investment banking boutique Exotix has entered into a partnership with TLG Capital, a private equity investor in sub-Saharan Africa and frontier markets.
The agreement will see Exotix provide advice and capital raising support to TLG Capital.
It will also enhance Exotix clients’ access to opportunity rich markets in sub-Saharan Africa. In addition to the strategic partnership, Exotix management will also be personally investing in the platform
TLG Capital brings together regional and sector specific funds under a single platform for the benefit of investors and fund managers alike. This centralised platform offers a more stable framework through
Avillion has received initial funding from Abingworth and Clarus Ventures.
Avillion, based in London, UK, is partnering with pharmaceutical and biotechnology companies to co-develop and finance late stage therapeutics.
The company will use its clinical development and regulatory expertise to obtain global approvals for a broad range of drugs and biologics.
Lewis Cameron, chief executive of Avillion, says: "Avillion offers pharma and biotech companies a compelling option to partner late stage drug approval projects globally. We have an experienced team focused on global drug development and approval, with the capability to optimise CRO management."
Cameron has held senior executive positions
Investment into European companies continued its year-over-year decline during a weak fourth quarter of 2012, as Europe-based companies raised EUR967m from 233 venture capital deals, according to Dow Jones VentureSource.
The drop represents a 26 per cent decrease in capital and a 22 per cent decrease in deals from the same period in 2011.
During 2012, venture capitalists put EUR4.4bn into a total of 1074 deals, a slight drop of nine per cent in capital invested and 11 per cent in the number of deals completed in 2011.
“With M&A at its lowest since VentureSource started tracking data
Smedvig Capital, the London-based venture capital firm, has sold Swedish self storage company Selstor to Pelican Self Storage, another significant self storage player, operating in Copenhagen and Helsinki.
Established in 2009, Pelican Self Storage is focused on the development, redevelopment, acquisition and operation of self storage facilities in Scandinavia.
Selstor was founded in 2006 by Michael Fogelberg to take advantage of the under-penetrated Swedish self storage market. Smedvig Capital first invested in Selstor in 2008 and has been closely involved in the business, working extensively with management in a variety of areas. This included structuring the ongoing financing for
Kuber Ventures, the first full service multi-manager platform for Enterprise Investment Scheme (EIS) portfolios, has appointed Brett Williams in an advisory role to the senior management team.
Williams (pictured), who has acted as chief executive of both Skandia UK and Cofunds, brings extensive experience of mainstream platforms to the EIS space, which Kuber believes is at a similar level of maturity to the mutual funds platform market of a decade ago. This market increased almost threefold in 2011, which Kuber and Williams largely attribute to the introduction of platforms, and he forsees a repeat of this growth in EIS.
The Cayman Islands Monetary Authority (CIMA) has initiated a formal consultation process with the financial services industry and other stakeholders to further its dialogue with the industry on corporate governance practices, developments and standards as it relates to the private funds sector.
HighWater supports the initiative and has previously engaged with CIMA to promote stakeholder transparency, including information held by CIMA on its database.
Gary Linford (pictured), managing director of HighWater, believes that CIMA is conducting this exercise in an appropriate manner, and the inclusion of global stakeholders, particularly investors, is the best way to obtain a view of
PE-Nexus, the private market network for deal flow exchange between middle-market M&A professionals, facilitated a USD4m senior secured debt financing of HomeTown Oxygen by New York City-based Enhanced Capital Partners through its SBIC fund, Enhanced Small Business Investment Company (ESBIC).
Sell-side representation to HomeTown Oxygen was provided by the Charlotte office of Atlanta, GA-based Summit Acquisitions Group.
The PE-Nexus platform connected the two via its sweeping Buy-Side Mandate functionality, a communication tool that broadcasts specific acquisition criteria to the entire PE-Nexus ecosystem in seconds.
"We’re delighted to learn about another success story brought about by our Buy-Side Mandate tool. To
Krusen Capital Management, the hedge fund and private equity advisory firm, has formed a strategic relationship with Wilshire Private Markets (WPM), a business unit of Wilshire Associates, in which WPM will provide private markets advisory services, including manager and market research, investment sourcing and investment due diligence.
Founded by Charles Krusen (pictured) in January 2009, Krusen Capital currently offers access to 24 hedge funds across the entire range of strategies, four concentrated baskets, five private equity funds, and 4 liquid alternative solutions.
“The partnership with Wilshire is ideal for our business model and for our clients. In addition to offering
Palatine Private Equity and Beechbrook Capital have backed the management of Selection Services, an IT managed service provider, in the acquisition of Aggregated Telecom, which trades as 8el.
This is the first of what is set to be several acquisitions this year. The acquisition will significantly increase Selection’s service capabilities, adding networking, connectivity, voice and hosted telephony.
The combination of Bromley-based Selection Services and 8el creates a business with nearly 400 employees and revenues of GBP37m. It represents a major step towards the business offering a full suite of IT services to its target SME and mid-market audience.
Caldera Investment Group, a Chicago-based boutique investment firm, has added venture capital to its existing service offerings which include advisory services for middle-market companies, mergers and acquisitions, and direct investment activities.
The group has grown by expanding its range of strategic advisory services and investment activities, as well as coverage of new industry sectors and regions.
The launch of Caldera Venture Partners is being led by managing partner Christopher Ziobehr (pictured), who is a specialist in technology and business development for start-up companies. Ziobehr started at Caldera Investment Group to aid in venture capital as a specialist, and will oversee
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