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Haseeb Aziz has joined the London team of HIG WhiteHorse, the credit arm of HIG Capital, specialising in providing debt capital to profitable middle market companies in Europe and the US.
Prior to joining HIG, Haseeb was a partner at Hutton Collins Partners, a subordinated debt and preferred equity fund manager, where he was responsible for originating, structuring and monitoring investments. He has completed and led a significant number of transactions over the last ten years.
Haseeb’s career has involved leveraged finance at Merrill Lynch, management consulting at Marakon, private debt placements at Deutsche Bank and mergers and acquisitions at
Aviir Inc has secured USD5m in growth debt capital and a USD3m line of credit on receivables from Silicon Valley Bank to accelerate commercialisation activities and infrastructure build-out for its cardiac risk assessment portfolio of laboratory tests targeted at fostering cardiac disease prevention.
"This loan strengthens our financial position in conjunction with our December 2012 capital financing of up to USD30m led by Merck GHI and gives us the ability to focus on commercialization and market penetration," says Douglas Harrington, chief executive of Aviir. "We greatly value our relationship with Silicon Valley Bank and we are confident of executing our
GMT Communications Partners, a European media and communications focused private equity group, has teamed up with the management and founding chairman to invest in Seagull, a provider of computer based training systems and e-learning for seafarers worldwide.
Founded in 1996 by its chairman, Oscar Johansen, a long term maritime industry executive, and financial partner Bjørn L.G. Braathen, Seagull offers a comprehensive library of training and on-board courses for regulatory, compliance and improved seafarer knowledge, in line with the requirements of the key global seafarer regulatory bodies.
This transaction sees GMT, alongside Johansen and Roger Ringstad, Seagull’s managing director, acquiring
The Swiss Funds Association says the solution reached by the Swiss parliament over the partial revision of the Federal Act on Collective Investment Schemes (CISA) is a balanced compromise between investor protection, market access and competitiveness.
Acting as second chamber, the National Council dealt with the partial revision of the CISA on 12 September 2012.
The National Council’s Committee on Economic Affairs and Taxation (WAK) had proposed various amendments to the drafts put forward by the Federal Council and the Council of States, and these were largely approved. The National Council passed the Act by 113 votes to 62. The
Denver-based private equity firm KRG Capital Partners has completed a recapitalisation of Convergint Technologies along with Convergint’s senior management team.
This investment represents the 12th platform company for KRG’s USD1.96bn Fund IV.
Convergint Technologies, a commercial security and life safety systems integrator, was founded in 2001 and has enjoyed uninterrupted growth for over 11 years with 21 per cent year over year growth throughout the recession.
Convergint initially installed cameras, card readers and smoke detectors. Today, Convergint is a leading independent integrator in deploying and servicing IP based devices. These systems and sophisticated application software are integrated into client’s enterprise
Middle-market private equity fund TPH Partners II has formed a partnership with Big Horn Energy Services, an oilfield service company headquartered in Midland, Texas.
Big Horn provides oilfield water solutions in the Permian Basin, including real-time high-volume water transfer in support of hydraulic fracturing operations.
Big Horn is led by an experienced management team, anchored by president and chief executive officer John Nava. Prior to forming Big Horn, Nava spent more than a decade with Halliburton and most recently served as the company’s regional business development manager in the Permian Basin.
“We are really excited to partner with John
French firm Groupe Ludendo, backed by private equity firm NiXEN Partners, has acquired iconic British toy retailer Hamleys in a deal thought to be worth GBP60m.
Groupe Ludendo, which currently operates 300 toy stores in France, Belgium, Switzerland and Spain, will be moving into new markets adding 22 Hamleys stores to its portfolio including outlets in Denmark, Jordan, Dubai, India, Cyprus, Russia and Saudi Arabia, as well as the company’s flagship store on London’s Regent Street.
“We have the utmost respect for the Hamleys brand and heritage, as well as the unique interactive retail environment of fun, entertainment and theatre
Duolingo, the free language learning service which translates websites, has raised a USD15m series B round led by New Enterprise Associates (NEA), with participation from existing investor Union Square Ventures.
Helmed by computer scientist and crowd-sourcing pioneer Luis von Ahn, the company will use the funds to accelerate international growth and bolster its team of engineering talent.
"Today more than 50 per cent of online content is available only in English, and we see this as a powerful opportunity," says von Ahn. "By harnessing the output from millions of students, we can accurately translate online content and bring the rich
Eneco Solar, Bio & Hydro and SUSI Partners have signed an agreement to cooperate in the pursuit of acquiring in photovoltaic (PV) assets in France and Belgium over the next 18 months.
Eneco currently owns and operates 20 MWp of photovoltaic power in the Benelux region. In line with the group’s long-term growth objectives with respect to PV installations, Eneco seeks to further expand in the French and Belgian markets.
Frans van de Noort, managing director Eneco Solar, says: “Energy is a vital commodity. We use it regardless of place and time. It sustains our work, lives and economy. Eneco
Damballa has closed USD15m in growth funding to help accelerate sales and distribution through channels to meet the rising market demand for the Damballa advanced threat protection solutions.
Adams Street Partners is leading this funding round and is joined by existing investors, who added to their equity stake in the company. David Welsh, partner at Adams Street, will join the Damballa board.
“Adams Street Partners has been looking to invest in the growing network security market for some time, and we are excited to come on board with Damballa,” says Welsh. “We were intrigued by several aspects of Damballa’s business,
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