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D5 Capital, a London-based media-technology finance house, has closed a USD1.5m series A funding round for PlaySight Interactive to commence the roll out of its Smart Court sports analytics platform in tennis clubs across the US and UK.
The investment continues D5 Capital’s record of raising capital for and investing in companies with significant growth potential, operating in sectors that are structurally affected by technological and consequential change.
PlaySight is a pioneer in the emerging market of affordable, consumer sports analytics systems. The PlaySight Smart Court, which has been designed and priced for tennis clubs across the world, is
General Atlantic has appointed Sandeep Naik as a managing director and head of the firm’s Mumbai, India office.
Naik will lead GA’s investment advisory activity in India as part of the firm’s continued strategy to invest in growth companies in this high growth economy.
“We are pleased to welcome Sandeep to our global team and to lead our India office,” says William Ford, chief executive of General Atlantic. Sandeep’s background, expertise and leadership will be a significant addition to our team and underscores our commitment to this very important geography.”
Naik says: “I have long admired General Atlantic and
Private equity and venture capital investment in Latin America reached USD1.79bn in the first half of 2012, down 60 per cent from the same period in 2011, according to the latest issue of Venture Equity Latin America from Thomson Reuters.
The report is published by WTE, part of the tax and accounting business of Thomson Reuters.
Private equity activity in the region has been a roller coaster ride in recent years. It climbed from USD1bn in 2005 to USD7.5bn in 2007, then dipped to about USD3bn in 2008 and 2009. It spiked the following year to USD17.2bn before declining to
Carey Olsen has advised the Battle Against Cancer Investment Trust (BACIT Limited) on its establishment as a Guernsey registered closed-ended investment company and its recent flotation on the Main List of the London Stock Exchange.
BACIT is a new investment company formed by a group of leading fund managers. It raised GBP270m which will be invested in long-only funds, hedge funds and private equity funds – some of which are not readily accessible to the investor community.
The managers of the underlying funds will not charge management fees to BACIT Limited which will invest up to one per cent of
Private equity firm Warburg Pincus has appointed Lee Kranefuss as an executive-in-residence (EIR).
Kranefuss (pictured) will work to help Warburg Pincus identify and evaluate investment opportunities in the areas of exchange-traded funds, index investing and asset management, particularly in Europe, Asia and Latin America.
Kranefuss was the architect and global chief executive officer of iShares, part of Barclays Global Investors (BGI), where he built the largest global ETF platform. He oversaw the global expansion of iShares from launch in 2000 to over USD600bn in assets in 2010.
While at BGI, Kranefuss was a member of the executive committee, and
Livingstone Partners’ debt advisory team has concluded a debt raise on behalf of online insurance intermediary iprism to repay a majority of the loan notes held by founder Gary Burke and his private equity backer Magenta Partners.
Livingstone advised Burke on the equity capital raise which introduced Magenta into iprism in 2010.
iprism is an insurance intermediary focused on the SME market providing new policies and renewals to brokers and direct customers that are underwritten by its panel of insurers. The company has developed an online platform that generates comparative quotes and full policy documentation in real-time. Brokers and customers
KBC Private Equity has reached agreement with KeBeK I, a newly established private equity investment fund managed by KeBeK Management, regarding the sale of the major part of KBC PE’s remaining private equity portfolio.
The deal is in line with the strategic refocus plan that KBC Group agreed with the European Commission, as announced at the end of 2009.
KeBeK Management, a newly established management company consisting of four team members of KBC PE, will manage the assets of KeBeK I. At the same time, KeBeK Management aims to create a new private equity fund focusing on control investments mainly
Palamon Capital Partners has led a transaction to acquire a majority interest in beauty e-commerce specialist feelunique.com, one of Europe’s fastest growing online beauty retailers.
The transaction was agreed at a head-line enterprise value for feelunique of GBP26m.
feelunique is an online retailer of premium products in haircare, skincare, cosmetics and fragrances, selling full-permissioned stock from almost all of the major brands including Dior, Lancôme, Clarins, Guerlain, Yves Saint Laurent, Benefit and Kerastase. The company has built a strong reputation for its customer service and website editorial content, which is directed by Newby Hands, a beauty journalist and Harper’s
Vance Street Capital, a Los Angeles-based private equity firm, has sold Micross Components, a provider of specialty electronic components, to Insight Equity, a private equity firm.
Terms of the transaction have not been disclosed.
Vance Street acquired a majority interest in Micross Components in 2009 and grew the company’s revenue both organically and through the integration of two acquisitions – Chip Supply in 2010 and Ditronix in 2011. These acquisitions bolstered the company’s capabilities, allowed it to enter new markets and provided significant cost-saving opportunities. During this time period, Micross also consolidated all of its sales and marketing efforts under
Cadwalader, Wickersham & Taft, a counsellor to global financial institutions and corporations, has named associates Nathan M Bull, Sophie K Cuthbertson, Douglas J Donahue, Brian Foster, Ellen Halstead and Jeffrey Nagle to special counsel.
W Christopher White (pictured), chairman of Cadwalader, says: "It is with great pleasure that I announce the promotion of Nathan M Bull, Sophie K Cuthbertson, Douglas J Donahue, Brian Foster, Ellen Halstead and Jeffrey Nagle to special counsel. Each of them has demonstrated a commitment to the law, the profession and to Cadwalader. I commend them for this achievement and on this important step in their
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