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On-going issues in the Eurozone and the looming US ‘fiscal cliff’ will create an uncertain environment for investors until the beginning of 2013, according to Marino Valensise, chief investment office at Baring Asset Management (Barings). However, Barings believes that improving fundamentals around the US housing market, a potential shift in sentiment towards the US’s vast natural gas reserves, appetite from US pension funds for emerging market equities and debt and stabilization of fundamentals in China could help the global economy and provide the necessary catalysts for growth and for a positive market dynamic…
We believe that the US will play
Private equity firm Carrick Capital Partners has held the final close of its first fund at USD180m.
The fund will invest in companies that focus on technology-enabled service offerings, business process outsourcing, transaction processing, software as a service and enterprise software.
Carrick Capital Partners was co-founded by Marc McMorris, a former General Atlantic managing director who led investments in business services and software, and Jim Madden, the previous founder and chief executive of Exult, a human resources business processing company that he grew from concept to more than USD500m in revenues.
Carrick takes an operational approach to growth equity investing,
Global alternative asset manager The Carlyle Group has raised USD1.38bn for energy credit investments.
Carlyle Energy Mezzanine Opportunities Fund (CEMOF) primarily targets investments in projects and companies in the power generation and energy sectors requiring capital of USD20m to USD150m per transaction.
The fundraising effort exceeded Carlyle’s initial goal of USD750m.
David Albert, managing director and co-head of the energy credit investment team, says: “We are delighted with the faith investors have shown in us and in our strategy. CEMOF provides growth capital which is less dilutive and more flexible than that of traditional private equity. We enable owners to
Cherwell Software, a provider of an IT service management platform, has closed a USD25m minority equity investment from Insight Venture Partners.
Cherwell Software will use the growth capital to accelerate growth of its channel sales programme globally and to build additional applications and services to broaden the capabilities of its IT Services Management (ITSM) platform.
As part of the transaction, Richard Wells, managing director at Insight Venture Partners, will join Cherwell Software’s board of directors.
"We are excited to welcome Insight Venture Partners to our team," says Vance Brown, chief executive officer and co-founder of Cherwell Software. "Cherwell’s goal is
Advent Software has launched a new interface between Tamale RMS and IntraLinks offering multi-manager organisations enhanced information automation and significant time savings with their research and due diligence processes.
Advent’s Tamale RMS is the only RMS to offer the IntraLinks service to its multi-manager clients.
The interface:
• Enables automatic transfer of monthly documents from hedge fund and private equity managers to Tamale RMS, categorized according to the client’s preferences,
• Eliminates multiple extra steps and manual data entry to add the necessary data into a single system of record for research (Tamale RMS), and
• Automates due diligence
Northzone has acquired an additional 11 per cent of Trustpilot, a provider of retailer reviews, from the Danish governmental seed investment vehicle DTU Symbion Innovation.
This brings Northzone’s holding in Trustpilot close to 35 per cent post transaction, making it one of the two largest investors in the company.
Founded in Copenhagen, Trustpilot has experienced growth in many major markets including the US, UK, Germany, Italy and France. Trustpilot has more than six million reviews of 100,000 merchants available on the site and the number of reviews grows rapidly with the community of active reviewers expanding globally.
“We want to
Investcorp has completed the sale of FleetPride, North America’s largest truck and trailer parts distributor, to TPG, one of the largest private equity investment firms globally, for more than USD1bn.
Steve Puccinelli, managing director at Investcorp and head of corporate investment for North America and Europe, says: “FleetPride represents the type of core, mid-market corporate investment that we typically target in the US. We worked closely with FleetPride’s management team from a very early stage in our investment to successfully implement strategic growth plans, thereby enhancing the company’s operations. The success of the FleetPride investment is a testament to our
The European Investment Fund (EIF) and Axis, the venture capital entity of the Instituto Crédito Oficial (ICO) have launched the European Angels Fund – Fondo Isabel la Católica.
Richard Pelly (pictured), chief executive of EIF, and Román Escolano, president of ICO and Axis, signed the agreement to create the EAF-Fondo Isabel la Católica in the presence of Fernando Jiménez Latorre, Spain’s Secretary of State for Economic and Business Affairs.
After its successful launch in Germany in March 2012, Spain is the second country to benefit from this new facility.
The EAF – Fondo Isabel La Católica is a
YouScribe.com has raised EUR2m from Iris Capital, plus private investors Philippe Oddo and Bruno Emsens, and from its main existing investors TDH (Thierry Dassault), Habert Dassault Finances (Benoit Habert), the Gilberte Beaux family and Clarisse (Henri & François de Maublanc).
YouScribe aims at responding to the new uses of written texts, which can be read, shared, commented upon, digitally and on all kinds of reading devices (e-books, novels, reading reports, scores, press and dissertations).
The fundraising is consistent with the favourable market conditions for online advertising, which is set to rise from EUR13.9bn in 2012 to over EUR20bn in 2015.
As the world’s climate negotiators gather for the UNFCCC COP18 conference in Doha, a white paper published by Bloomberg New Energy Finance finds just USD8bn flowed from developed to developing nations to foster deployment of large-scale clean energy power generation and biofuels production in 2011.
This constitutes eight per cent of the USD100bn per annum total cross-border investment (CBI) promised by developed countries during the 2009 COP talks in Copenhagen by 2020. That commitment was reaffirmed at subsequent COP meetings at Cancún and Durban.
Of USD280bn in new clean energy funds invested in 2011, asset finance for renewable power generation
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