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KarpReilly, a consumer-focused lower middle market private equity firm, has held the final closing of KarpReilly Capital Partners II (KRCP II) with total capital commitments of approximately USD210m.
In conjunction with the closing of this second fund, KarpReilly also closed KarpReilly Co-Investment Fund II, with approximately USD150m of additional capital.
The co-investment fund provides KarpReilly access to additional equity capital to pursue larger investments, when appropriate, and is funded by KarpReilly’s limited partners.
KarpReilly’s new fund will pursue the same strategy as its first fund, raised in 2008 – investing in consumer growth companies at the lower end of the
BBVA has formed BBVA Ventures, which will invest USD100m in start-ups looking to transform the financial services industry.
Through this effort, BBVA will work with entrepreneurs and venture capital investors to broaden the bank’s understanding of emerging trends, helping advance innovative initiatives in banking and finance.
Based in Silicon Valley, BBVA Ventures is already establishing ties with start-up firms, incubators and venture capital funds in order to identify possible opportunities and offer insight into the financial industry’s most innovative initiatives.
Jay Reinemann (pictured), a veteran corporate venture capitalist and executive director of BBVA Ventures, says building an experienced team is
Options, a provider of the Options PIPE Private Financial Cloud services platform for the exchange, banking, trading and investment communities, has named former NYSE Euronext executive Danny Moore as chief operating officer.
Moore (pictured) will be responsible for leading the firm’s day-to-day global operations, in addition to overseeing the expansion of the Options PIPE Private Financial Cloud within both established and emerging financial markets, and across the broker dealer and investment banking communities.
Options’ private cloud services include Velocity, an ultra-low latency market data, execution connectivity and application management service; Momentum, an on-demand application management service for the front-, middle-
Blackstone has partnered with a management team led by Pedro Barriuso, the former executive chairman at Element Power and former head of Iberdrola Renewables, to create Fisterra Energy, a company owned by funds managed by Blackstone on behalf of its private equity investors.
Fisterra’s primary focus will be to identify, develop, finance, construct and operate large scale independent power projects in markets with capacity or transmission shortfalls, with a focus in Latin America, Europe and the Middle East.
Fisterra will leverage Blackstone’s expertise as an active owner/investor in the energy sector, including a substantial number of power development projects, and
Semetric, the global data analytics firm behind Musicmetric, has secured significant new financing from two key backers.
The GBP3m (USD4.7m) investment comes from Imperial Innovations Group, the AIM-listed technology investment firm, and existing investor Pentech Ventures, a venture capital fund specialising in software investments.
It follows previous investments totalling GBP1.7m (USD2.7m.
The new investment will support Semetric’s global plans to expand over the coming year while further developing its entertainment analytics products. The current global market for media analytics totals around USD3bn annually.
Musicmetric is the a digital music analytics platform, working with record labels, managers, radio stations and music
SS&C Technologies has released TNR Solution version 2013, an update to SS&C GlobeOp’s private equity technology platform.
TNR Solution version 2013 features enhancements to its core fund accounting and portfolio management functionality, including on-screen reporting views to track investments across various fund structures.
This new version also includes multiple enhancements to its web portal, incorporating fundraising and portfolio analytic capabilities.
From a usability standpoint, TNR version 2013 introduces a user-defined field tool, enabling end users to control screen creation and generate flexible reports.
The latest version of TNR Solution is available via SS&C GlobeOp’s cloud computing infrastructure, as a Software-as-a-Service
Global knowledge process outsourcing (KPO) firm The Smart Cube and London-based venture capital firm Smedvig Capital have appointed Gary Bullard as a non-executive director of The Smart Cube.
The Smart Cube is a pioneer in the KPO space, specialising in delivering customised, high value research and analysis to their clients, whilst reducing total costs.
The business was ranked the number one KPO firm globally in The Black Book of Outsourcing’s prestigious 2010 survey and has delivered over 6,000 studies to a customer base of more than 200 blue chip clients. These include leading corporations and professional service firms spanning every
Boston based, Kamylon Capital, has sold its ownership interest in Innovadex, LLC, to Underwriters Laboratories. Innovadex is a B2B business information services company that offers a specialised search and document retrieval capability to assist product developers and formulators in identifying the best materials and suppliers to streamline product development and to accelerate innovation for the chemicals and life sciences industries.
Kamylon invested in Innovadex in 2007 to build upon the company’s technological competitive advantages and to enter new market segments. Notably during the investment period, the company successfully entered three entirely new markets, created a powerful mobile sales support application,
Ribbit Capital, a new Silicon Valley-based venture capital firm led by serial entrepreneur Meyer “Micky” Malka, has raised USD100m in venture funding that will be aimed at driving innovation around the world in lending, payments, insurance, accounting, tax preparation and personal financial management.
Ribbit targets disruptive, early-stage companies that leverage technology to reimagine and reinvent what financial services can be for people and businesses.
“Banks have proven to be difficult environments for innovation to flourish, resulting in an antiquated financial services industry that remains relatively untouched by the technology-driven evolution transforming other markets ranging from social media sharing to professional
Merger and acquisition activity is expected to increase in 2013, according to a survey conducted by KPMG, the US audit, tax and advisory firm, and the research practice unit of SourceMedia, the publisher of Mergers & Acquisitions.
The survey of more than 300 M&A professionals in the US found that 76 per cent of respondents anticipate that their company will make at least one acquisition in 2013.
According to 60 per cent of the M&A professionals, companies’ large cash reserves will drive deal activity and 40 per cent acknowledged favourable credit terms as a supporting factor. Opportunities in emerging markets
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