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On Deck, the technology-powered main street lender, has secured nearly USD100m in new debt commitments, which includes a USD80m credit facility jointly led by Goldman Sachs and Fortress Credit Corp and USD17m of venture debt loans from SF Capital and Lighthouse Capital Partners.
This capital gives On Deck increased lending capacity to further advance its industry-leading working capital solution and empower main street businesses to grow their operations.
On Deck has transformed small business lending through its proprietary technology that focuses on business performance rather than personal credit scores, changing how small businesses are evaluated and opening the door to
Energy Investors Funds (EIF), a private equity firm focused on the independent power and electric utility industry, has appointed Lydia Blandy as an associate in the firm’s San Francisco office.
Blandy, who was previously a member of the investor relations department of Ironwood Capital Management, has a BA from Dartmouth College.
As bond and equity trading desks whittle down to skeleton crews, new bond issuance slows to a trickle, and policymakers become more difficult to find, global economic issues seem to fade into the hazy days of August, says Scott B MacDonald (pictured), Head of Research/Senior Managing Director, MC Asset Management Holdings…
In the US more attention is being given to the political contest between incumbent President Barack Obama and his Republican challenger Mitt Romney. Considering the campaign’s nastiness and the polarisation of the voting public, this is more fun than seeking to divine communiqués from European Central Bank and Bundesbank
Miinto, one of Europe’s fastest growing online fashion retailers, has received USD6m in a series A investment from Dawn Capital.
The funds will be used to accelerate the strong growth of the company, through penetrating new markets and further investment in proprietary technology and products. Norman Fiore, managing partner at Dawn Capital, will join the board.
Miinto is doing for ‘bricks and mortar’ fashion boutiques what Just-Eat.com has done for local food businesses – bringing them online quickly, cheaply and efficiently. The team and investors are heavily drawn from the Just-Eat alumni. Miinto is currently present in seven markets worldwide
AQR Capital Management, an independent alternative investment management firm with USD54.5bn under management, has established a London office.
Based in Greenwich, Connecticut, AQR has a systematic and disciplined approach to asset allocation, portfolio construction and risk control. Its offerings range from traditional benchmark-oriented long-only strategies to absolute return alternative strategies.
David Kabiller (pictured), co-founding partner and head of client strategies at AQR, says: “Establishing a London base brings us in closer communication with our growing client base in Europe and globally, and underlines our continued commitment to providing UK and European institutional investors with superior research and portfolio solutions.
“We
Brynwood Partners VI has signed a definitive agreement to acquire a controlling stake in the Back to Nature brand food business through a joint venture partnership with Kraft Foods.
Kraft Foods will continue to hold a substantial minority stake in the business and will have board representation in the joint venture that is to be formed.
Terms and conditions of the transaction, which is scheduled to close in October, will not be disclosed.
Founded in 1960, Back to Nature is one of the original natural food brands in the US. The joint venture will initially offer Back to Nature products
KPMG, the audit, tax and advisory firm, is continuing its investment in its alternative investment funds practice by bringing on board several new partners and managing directors.
“KPMG is committed to becoming the market leader in serving the alternative investments industry and our latest additions to the team demonstrate our goal to have the broadest set of skills and in-depth knowledge of the most important regulatory and business issues facing the industry,” says Al Fichera, national partner in charge, alternative investments – audit.
The new hires and transferees include:
Ted Carreiro, partner
Carreiro joined KPMG in June 2012
Global automotive industry merger and acquisition activity slowed during the first half of 2012, according to PwC.
In H1 2012, 264 deals closed with a disclosed value of USD10.6bn, reflecting a sizeable decline compared to H1 2011, which totalled 303 completed deals with a disclosed valued at USD18.8bn.
"Europe is taking a toll on global M&A deal activity," says Paul Elie, US automotive transaction services leader, PwC. "Historically, Europe has been among the most active regions in automotive M&A. That said, automotive companies from emerging countries like China and India have opportunities to acquire technology or market access at favourable
Lawrence M Chu has joined Goodwin Procter’s business law department in its Silicon Valley office as a member of Goodwin’s technology companies, M&A/corporate governance and private equity practices.
He will focus on mergers and acquisitions, dispositions and corporate finance transactions in the technology, internet, digital media, financial technology, e-commerce and biotech industries, and will help to lead the growth of the technology M&A practice on the West Coast.
Chu joins Goodwin from Wilson Sonsini Goodrich & Rosati in San Francisco where he was a partner.
Chu has extensive experience advising domestic and non-US companies in the technology sector including clients
BOUF.com has secured a fourth round of investment from 15 angel investors, including Stefan Glaenzer and Robert Dighero of Passion Capital, plus a new lead investor.
The round was secured after BOUF hit a GBP1.2m run rate, following a leap in growth despite boot-strapping the business on costs of just GBP20,000 per month.
BOUF.com raised an undisclosed sum, which has provided the company with fuel to double its team size, develop its range of design-led homeware, fashion accessories and gifts with a twist, and market more aggressively to build a substantially larger customer base.
One of the investors who participated
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