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Gravitas has launched Gravitas Private Cloud, an expandable, secure cloud solution based on leading converged infrastructure systems from VCE.
The Gravitas Private Cloud is an industry vertical cloud, designed for the unique computing and hosting needs of alternative asset managers, from startup to established funds.
Gravitas Private Cloud combines the advantages of cloud computing – flexibility, scalability and lowered upfront costs – with the turnkey infrastructure and security that regulated financial firms require supported by the managed services required to run this effectively. The Gravitas Private Cloud enables deployment of a fully-functional IT system in days, as compared to weeks for
Munich-based venture capital firm Target Partners (www.targetpartners.de) has made a seven figure Series A investment in Theva Dünnschichttechnik GmbH (Theva) (www.theva.de). BayBG Bayerische Beteiligungsgesellschaft (www.baybg.de) joins Target Partners as a co-investor in the Munich-based technology company.
Theva is a specialist in 2nd generation (2G) high temperature superconductors (HTS).
The funding will support development of production lines for 2G HTS tape for use in electrical power engineering applications.
Over the past ten years, Theva has developed a proprietary, patented process technology for manufacturing 2G HTS tape designed for applications such as electricity transmission, generators and electrical systems. 2G HTS tape can
GCP, a provider of blended equity and debt to the UK’s small to medium sized businesses, has backed the MBO of Excelsior Technologies (Excelsior), a North Wales based flexible packaging manufacturer, from its North American shareholder.
Excelsior designs and manufactures a portfolio of innovative packaging products and supplies to a range of blue chip clients across the food and medical packaging sectors, including Birds Eye, Haribo, Premier Foods and SC Johnson.
Excelsior is an excellent example of a UK high tech manufacturer that operates on a global basis demonstrating excellence and innovation, with two previous Queen’s Awards for Export. In
Guernsey’s expertise within the funds industry is being utilised by the Chinese Government and the country’s fund managers to enhance the way its own funds sector is operated and regulated.
Guernsey-headquartered International Administration Group (IAG), which formed a partnership with Exceedor in Shanghai last year, is at the centre of these discussions. IAG’s relationship with Exceedor allows it to offer onshore RMB denominated private equity fund administration services in China and follows on from the establishment of its Hong Kong office in early 2011.
Julian Carey, Managing Director of IAG’s Hong Kong office, says discussions were concentrated on enhancing the
Solar Investment Group SIF, a Luxembourg-based regulated Fund, is planning a new, 25 year, Infrastructure Fund focused on acquiring renewable energy power plants. The Fund, called Real Asset Energy Fund (RAEF), will be the third Fund managed by the team and, subject to regulatory approval, will begin investing in Q1 2013.
RAEF will acquire power plants once the construction phase is complete and will manage them until the end of their industrial life (typically 20 years). The Fund will invest in a relatively large number (30-35) of medium sized power plants in five to six key strategic markets (including Germany,
MidOcean Partners and Crestview Partners ave entered into a definitive agreement with a subsidiary of Liberty Global, Inc and investment funds affiliated with Searchlight Capital Partners, to sell 100% of the parent of San Juan Cable, LLC, dba OneLink Communications for an enterprise value of USD585.25 million, or approximately 8.0x LTM Q1 2012 Adjusted EBITDA.
OneLink is the largest provider of cable TV, high-speed data and telephony services in Puerto Rico.
MidOcean and Crestview, together with co-investors and management, acquired OneLink in October 2005 from Adelphia Communications. At the time, its services were limited to basic and digital cable TV and
Guardian Financial Services, the consolidator of closed assets in the European life insurance sector, is to acquire 300,000 in-payment pension annuities from Phoenix Group.
Phoenix Group will transfer approximately GBP5 billion of assets to Guardian to meet all future payments to the annuity policyholders. The deal will be completed in July. The companies will then work together to transfer the policies to Guardian under Part VII of the Financial Services and Markets Act 2000. Following the transfer, Guardian will manage approximately GBP13bn of assets on behalf of over 600,000 customers.
Cinven, the European private equity firm, acquired Guardian
Venture capital firm Bessemer Venture Partners (BVP) has promoted Ambar Bhattacharyya to vice president.
"Ambar has been a valuable asset to our healthcare team, and I am pleased to announce his well-deserved promotion," says BVP partner Ed Colloton. "We look forward to continuing to work with Ambar as we build upon the success of the group and support entrepreneurs who will create companies that will drive progress in this important sector."
Bhattacharyya is based out of Bessemer’s Cambridge, MA office. He focuses on investments in early- and growth-stage healthcare companies and has been closely involved in Bessemer’s investments in Verastem
AXA Private Equity has acquired a stake of 82.4% in Novotema Group, one of Europe’s leading rubber component manufacturers, from 3i. Novotema’s management team also invested, acquiring the remaining 17.6% of the business.
Novotema is headquartered in Villongo, situated 60 km northeast of Milan. The company designs and produces rubber components for applications in the automotive, medical, gas control and industrial sectors.
Founded in 1973, the Novotema Group currently employs 178 staff and generates the majority of its revenues in Germany (approximately 51%). The current management team, which has many years’ experience in multinational companies, will continue to manage the
Apex Fund Services has opened its second US office in Miami, Florida. Apex has grown by 185% since 2009.
Apex’s US operations are currently managed from its office in New Jersey which is run by Managing Director Vince Sarullo. He will also have overall responsibility for the growth of the Miami office and will be joined by Thalius Hecksher, Global Head of Business Development, who will spearhead Apex’s Latin American and US marketing activity.
The US offers extensive growth opportunities for Apex with approximately 75% of the world’s alternative funds – equivalent to over 4,500 funds.
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