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The Currency Cloud, an FX payments automation platform, has secured USD4m in Series-A funding, led by Atlas Venture with follow-on participation from Anthemis Group. The company had previously raised USD2M from Anthemis and others.
The funding will be used to ramp commercial activity and continue product development. More than 100 corporate customers already use the company’s SaaS offering and more than 20 platform partners have signed on to use the company’s API.
The Currency Cloud’s Software as a Service (SaaS) offering is designed to reduce costs and transform the payments infrastructure into a frictionless process for making and receiving international, multi-currency
Apex Fund Services has successfully completed a Type 2 examination under Statement on Standards for Attestation Engagements No.16 (SSAE 16), and under the International Standard on Assurance Engagements, Assurance Reports on Controls at a Service Organization (ISAE 3402).
A key determination for completing an ISAE 3402 / SSAE 16 examination is that an independent service auditor successfully examined the system under audit for processing user entities transactions during the period of audit, as well as the suitability of the design and operating effectiveness of controls based on the defined control objectives.
This examination was performed by KPMG in
The Aureos Malaysia Fund (AMF) has invested USD5 million in the market-leading Malaysian water filtration company, NEP Holdings (Malaysia) Berhad (NEP).
AMF is managed by Aureos South-East Asia Managers Ltd, a subsidiary of Aureos Capital Limited, the leading private equity investor in small and mid cap companies in emerging markets. The investors of AMF are CDC Group plc (the United Kingdom’s development finance institution), Credit Guarantee Corporation Malaysia Berhad & the Employees Provident Fund of Malaysia.
NEP is involved in the research, design and development, assembly, distribution and rental of water filtration systems under its DIAMOND brand name.
RCapital has made a growth investment in TMKG Limited and its subsidiaries (Matrix Knowledge, a provider of information management, analysis and research services.
The undisclosed sum invested by RCapital will enable Matrix Knowledge to develop and grow its advisory, research and technology businesses in UK, continental Europe and USA.
Commenting on this announcement, Jamie Constable founder of RCapital, says: “Matrix Knowledge is a leader in its field. The team have built a solid reputation for delivering valuable insights. Matrix Knowledge develops cutting edge research which informs and enables organisations to directly influence and shape public policy on health,
Business VoIP telephony and Internet provider Gradwell has today announced a significant “4×4” expansion plan – four times larger in four years – supported by a GBP1.15 million investment from regional equity fund Altitude Partners LLP.
Gradwell was founded in 1998 by Dr Peter Gradwell, whilst studying at the University of Aberystwyth, as a means of offering small businesses his proprietary ‘Voice over Internet Protocol’ (VoIP) system. Now based in Bath, Gradwell has a turnover of GBP5m, a team of 60 and serves 12,000 UK Small Businesses.
The investment from Altitude Partners will enable Gradwell to significantly scale
UK middle-market private equity firm Phoenix Equity Partners has acquired Gall Thomson Environmental (GTE), a global supplier of safety critical flow control products from Lupus Capital plc, in a transaction which values the business at GBP75 million.
This is the fifth investment from Phoenix’s GBP450 million fund, which was raised in 2010.
Phoenix is backing a management team led by Phil Clifton, former head of Weir Group plc’s Power and Industrial division, alongside the incumbent management team.
GTE represents the platform acquisition for the development of a group providing highly engineered, safety-critical flow control products, primarily serving the energy and oil
Shale-Inland is to be acquired by Shale-Inland Holdings, LLC, an affiliate of investment firms TowerBrook Capital Partners (TowerBrook) and The Stephens Group, LLC. Terms of the transaction have not been disclosed. The transaction is expected to close by the end of March.
On transaction close, Shale-Inland is expected to be combined with HD Supply’s IPVF business (IPVF), comprised of several businesses including Southwest Stainless & Alloy, J& J Alloys, Sunbelt Supply Co and Metals Inc., collectively one of the nation’s largest master and industrial distributors of stainless steel, chrome, nickel and nickel alloys, aluminium and carbon steel pipe, plate, bar,
Dragon Capital and Frontier Investment & Development Partners announce have formed a joint venture for regional private equity – Indochina Opportunity Partners (IOP) – which has now commenced marketing its Indochina Opportunities Fund.
The Fund is the first-ever private equity vehicle specifically focused on the Indochina region. It will be opportunistic in its approach and invest across Vietnam, Cambodia and Laos, countries where it has already constructed a substantial investment pipeline across a variety of sectors. The Fund’s strategy will seek to capitalise on the increasing number of consumer and industrial opportunities in Vietnam, while harnessing the agricultural and natural-resource potential
Kinetic Partners, the global professional services firm to the asset management, banking and broking industry, has acquired AB Fund Services, the Luxembourg-based fund advisory firm.
AB Fund Services advises on regulatory and compliance requirements for investment funds domiciled in Luxembourg, with a particular emphasis on the risk management requirements of the regulator, Commission de Surveillance du Secteur Financier. It has an established reputation as a leading investment fund consultancy in Luxembourg, assisting funds in all of their infrastructure, risk management and operations needs.
Established in 2005, Kinetic Partners has grown rapidly to serve over 1,200 clients globally, providing a
BASF Venture Capital has invested USD13.5 million in Allylix Inc, a US-based renewable chemicals company. The BASF subsidiary led a USD18.2 million financing round, joined by existing investors Tate & Lyle Ventures, Avrio Ventures and Cultivian Ventures.
Allylix has a proprietary technology platform to produce a wide variety of renewable specialty chemicals, i.e. terpenes and their derivatives, for several industries including flavor and fragrance, food ingredients, cosmetics and other markets. The technology, based on fermentation, allows for the creation of highly pure, renewable compounds that have previously only been available from natural resources in limited quantities.
"Our investment in Allylix
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