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Ombu Group, a new UK investment company focused on backing and building UK technology companies, has invested a further GBP5m into Open Energi.
This increases Ombu’s total commitment of growth capital into the company to GBP9m and will enable Open Energi to expand its business in the UK and overseas.
Open Energi is a provider of energy demand management solutions. It works closely with energy users to unlock new revenues through a smart approach to managing their energy loads.
The company’s solution includes Open Dynamic Demand, an energy demand management solution that reacts instantaneously to second-by-second changes in the
Diversified private equity firm AXA Private Equity has appointed Benoît Verbrugghe as a member of its executive board.
Verbrugghe (pictured) will remain head of the New York office as AXA Private Equity continues to expand its business in North America.
Dominique Senequier, chief executive of AXA Private Equity, says: “We look forward to bringing Benoît’s insight and experience of the American market to the executive board. His elevation is also recognition of his significant contribution to the development of the firm’s deal-making and fund-raising capabilities. Benoît has led the development of the secondaries business across North America and asserted
HIG Capital’s European affiliate, HIG Europe, is to acquire shares representing 49.99 per cent of the capital of Vértice 360 Servicios Audiovisuales (VSA) – until now fully owned by Vértice 360º – for a total of EUR16m.
The investment will take place through a capital increase, following which the remaining 50.01 per cent of the company’s capital will continue to be held by Vértice 360º.
VSA provides technical services and equipment for audiovisual production, post-production and advertising, broadcasting television channels and live events. VSA is part of Vértice 360º, one of the main audiovisual groups in the Spanish-speaking market, which
At the end of September, HarbourVest Global Private Equity’s estimated net asset value was USD955m or USD11.55 per share, a 0.8 per cent increase from 31 August 2012.
This change mainly reflects increases in the value of publicly-traded holdings and positive foreign currency movement, which were partially offset by ongoing operating expenses.
At 30 September 2012, HVPE is valuing the Absolute portfolio at USD24.66 per share (including dividends received since closing), which is a 33 per cent increase over the purchase price of USD18.50 per share. Absolute has been de-listed and is now 100 per cent privately held.
Private equity firm CVC Capital Partners has appointed James (Jim) Schiro as a senior adviser to the firm.
Schiro (pictured) will become a member of CVC’s US and global financial institutions advisory boards to support CVC’s investment activities in the US and in the financial services sector globally.
Schiro has extensive experience in the financial services industry, having held management positions at a number of large, global organisations. From 2002 to 2009, Schiro served as chairman of the group management board and chief executive officer of Zurich Financial Services. Prior to joining Zurich Financial Services, Schiro served as chief executive
European private equity firm Cinven has acquired the Amdipharm Group, the family-owned international niche pharmaceuticals business, for a total consideration of GBP367m.
Amdipharm will operate initially as a standalone business but, over time, Cinven will look to merge Amdipharm with its existing portfolio company, Mercury Pharma, which it acquired in September 2012.
Mercury and Amdipharm each market mature, niche pharmaceuticals, both branded and unbranded. The businesses are highly complementary as Mercury’s customer base is largely UK focused, whereas Amdipharm has a significantly greater international business, with its products sold in over 80 countries worldwide.
Amdipharm was founded by Vijay and
Palio UK Mid-Market Debt Fund is to list its ordinary shares on the Specialist Fund Market of the London Stock Exchange and the Channel Islands Stock Exchange through a proposed placing and offer for subscription with a target fund raise in excess of GBP150m.
The company will be advised by Palio Capital Partners.
The company will aim to generate superior risk-adjusted returns comprising both income and capital, through originating and structuring a combination of senior debt (c.50 per cent of portfolio), mezzanine instruments (c.40 per cent of portfolio) and junior equity (c.10 per cent of portfolio) into small and
David Bresnick is to join Morrison & Foerster’s London office as a partner in the corporate practice.
Bresnick (pictured) represents technology and telecom companies in mergers and acquisitions, corporate finance, private equity investments and related matters.
Bresnick joins the firm from CMS Cameron McKenna’s London office, where he headed the firm’s private equity group and led the firm’s corporate telecoms, media and technology group.
His addition, which follows the arrival in London earlier this year of corporate and private equity partner Justin Stock, continues the firm’s strategic expansion of its private equity, M&A and cross-border transactional capabilities in key financial
Brad Burkett and JD Friedland have launched Match Point Partners, a strategy and financial advisory firm that helps healthcare and technology companies navigate through each phase of growth to maximise long-term value.
The firm’s team includes 12 entrepreneurs and advisers and provides a blend of experience that addresses the distinctive growth challenges of middle market and emerging companies, while applying a longer-term lens and financial resources typically available to companies only after a certain growth threshold.
“We founded Match Point Partners to provide middle market and emerging companies with a hybrid suite of advisory, operational and banking services, which typically
Branding Brand, a mobile commerce platform used by retailers such as American Eagle Outfitters, Costco, Ralph Lauren and Sephora, has secured USD7.5m in series A funding led by Insight Venture Partners, with CrunchFund and Eastern Advisors also participating.
Branding Brand will use the investment to scale customer acquisition, technology development, and operations.
The round marks Branding Brand’s first outside investment. Founded in 2008 by three friends from Carnegie Mellon University, the company launched a mobile platform at the end of 2009 to extend brands into optimised experiences for smartphones, tablets, and in-store. It is now the largest m-commerce provider to
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