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Citi has been appointed by Phase4 Ventures, a London-based venture capital firm, to provide document safekeeping and fund administration services.
Citi has been serving private equity funds and investors for nearly two decades and is a leading global provider of accounting, administration and tax services for private equity, venture capital and institutional investors.
Phase4 Ventures was established in 1999 to invest in and manage a portfolio of global life science companies for Nomura, the global investment bank. Since then, Phase4 Ventures has invested in 28 companies and built a reputation as one of the world’s premier life science venture capital
Venture capital investment activity in companies that are providing innovative water solutions to the oil and gas and mining industries is increasing according to a report released by the London Environmental Investment Forum.
The report, ‘Water Innovation in Extractive Industries’, identifies 25 private early and growth stage companies operating in the sector. According to publicly available data, 18 have successfully raised funds over the past five years, with several completing multiple rounds, and three are currently seeking funding*.
According to the report there has been an increase in investment activity in the sector over the past five years – 18
Cinven and GS Capital Partners have completed of the sale of Ahlsell, the leading distributor of building products in the Nordic region, to CVC Capital Partners for SEK15.5 billion (EUR1.8 billion). This follows the announcement in February 2012 of the signing of a definitive agreement to sell the business.
Cinven and GS Capital Partners invested in Ahlsell in January 2006 having identified the company as an excellent platform for growth and continued consolidation in the Nordic building products market.
Despite challenging trading conditions, Ahlsell performed strongly during Cinven and GS Capital Partners’ ownership – with revenues and EBITDA up over
Coupa Software, a provider of spend optimisation software, has completed a USD22 million Series E financing round led by new investor Crosslink Capital.
Venture capital firms Battery Ventures, BlueRun Ventures, El Dorado Ventures and Mohr Davidow Ventures continued their commitment to Coupa by also participating in the round. The latest valuation was a very significant multiple of previous rounds.
"Coupa’s unique technology platform and customer focused approach are disrupting the spend management market," says Jim Feuille, general partner of Crosslink Capital. "In just the last year, the e-procurement space has found itself at the tipping point in moving to SaaS-based
Capital International Private Equity Funds (CIPEF) has held the final close of the Capital International Private Equity Fund VI (CIPEF VI).
According to the Emerging Markets Private Equity Association (EMPEA), CIPEF VI, which exceeded its target of USD2.5 billion and met its hard cap of USD3.0 billion, is the largest global emerging markets private equity fund closed in the last five years.
As a pioneer of the global emerging market model for private equity investment, CIPEF has been consistently backed by the leading global LP programs which span all major geographies and investor types. Since 1992, Capital International’s research
EXOSUN has raised EUR12 million from a second funding round led by Omnes Capital (formerly Crédit Agricole Private Equity) alongside new partners ADEME, Grand Sud-Ouest Capital and Expansion Aquitaine, both subsidiaries of the banking group Crédit Agricole.
Founded in 2007, EXOSUN designs, develops and realises solar power plants equipped with the Exotrack patented solar tracking systems.
EXOSUN ‘s President, Frederic Conchy, says: "The renewed confidence of Omnes Capital and the entry of regional funds from Crédit Agricole entities, Grand Sud-Ouest Capital and Expansion Aquitaine allow us to strengthen our relationship with local actors and our collaboration with a
The new Preqin Asian Private Equity Benchmark – the first ever benchmark information made available to the private equity industry on Asian private equity funds – demonstrates how private equity in the region has outperformed the MSCI Pacific and MSCI EMF indices over the one-, three- and five-year periods.
Over three years, Asian private equity has a horizon IRR of 6.6%, compared to annualised returns of 2.4% for the MSCI Pacific and 6.3% for the MSCI EMF. Over five years, Asian private equity shows horizon returns of 6.4%, compared to -2.1% for the MSCI Pacific and 4.9% for the MSCI
Following the Japanese earthquake in March 2011, major industrial sectors were plunged into turmoil. So far 2012 has seen no repeat of the surge in oil prices in the first half of 2011 when they jumped more than 50% compared to the average 2010 price.
The steep fall in US confidence levels seen in mid-2011 is unlikely to reoccur as long as jobless figures continue to fall at a sufficient pace.
Central banks meanwhile, are still actively intervening in the developed world. In a sharp contrast with 2011, the ECB has in fact stepped up intervention and helped reduce systemic
General Partners (GPs) of private equity firms are significantly less optimistic about the UK economy’s growth prospects over the next 12 months than they were last year, according to Investec Fund Finance.
Investec’s research among senior UK private equity professionals for its private equity industry barometer (‘Barometer’) reveals that the majority (57%) of GPs still expect the economic environment to improve.
This fall in market sentiment among GPs is most strongly reflected in their fund raising ambitions: under a third (31%) of GPs surveyed say that their firms’ next fund will be larger than the current one, compared
Some EUR40bn was raised in Europe last year across the private equity and venture capital industry as a whole, the highest fundraising level seen since 2008 and an 80% increase on 2010, according to the European Private Equity and Venture Capital Association’s (EVCA) annual activity survey.
This increase was initiated by both venture capital funds, with a 50% growth of their fundraising activity and buyout & growth funds who doubled their new funds raised over 2011. In 2011, the number of final closing continues to grow since 2009, reaching almost 90% of the 152 final closings in 2008. This increase
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