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Business Growth Fund (BGF), established to help Britain’s fast-growing smaller and medium sized businesses, has invested in GCI Telecom Group (GCI Com), an independent telecoms and data services provider, led by Midlands-based IT and communications entrepreneur, Wayne Martin.
BGF has invested GBP10 million of equity capital to support GCI Com’s organic growth and active acquisition strategy, in return for a minority stake in the company.
Headquartered in Lincoln, GCI Com has a turnover of approaching GBP65 million and employs 220 staff across nine UK locations. The group was formed in 2000 and has since grown rapidly, through a mix of
EmVest Asset Management, a diversified agricultural investment company in sub-Saharan Africa, has received its first allocation from Truestone Impact Investment Management, which focuses on delivering market rate returns from social and environmental investments.
EmVest manages the Emergent African Land Fund, a private equity fund focusing on the agricultural sector, with projects in Mozambique, South Africa, Swaziland, Zambia and Zimbabwe. The company supports the growth of sub-Saharan Africa through responsible capital allocation sourced from investors in both developed and developing countries. It is a for-profit company that targets a return of 20% per annum.
Truestone specialises in ‘impact investment’, which it
General Atlantic is to acquire a minority equity stake in FNZ, a provider of technology, transaction and custody services to the wealth management industry, investing alongside HIG Europe and the management team. Completion of the transaction remains subject to EU competition commission approval.
HIG originally backed an MBO of FNZ in early 2009. FNZ has subsequently seen significant expansion in its customer base in the UK, Australia and New Zealand, developing long term partnerships with blue-chip customers including Standard Life, AXA, JP Morgan, HSBC, AMP, National Australia Bank, Friends Life, UBS, Zurich and Close Brothers Asset Management.
FNZ’s
Private equity firm HIG Capital has appointed Mark Tricolli as a Manging Director with the firm’s growth capital investment affiliate, HIG Growth Partners.
Before joining HIG, Tricolli was a partner at Enhanced Equity Fund, a lower middle market private equity firm where he was responsible for investments in the healthcare industry. Previously he was with JW Childs where he focused on investments in the healthcare, consumer, retail and business service industries. He was on the board of a number of companies including Sheridan Healthcare, Equinox Fitness, Joseph Abboud and CHG Healthcare. Tricolli began his private equity career at William Blair
Genstar Capital, LLC, a middle market private equity firm that focuses on investments in the insurance and financial services, software, life sciences, healthcare, and industrial technology industries, has promoted Rob S Rutledge (pictured) and Anthony J Salewski to Principal. Both were previously Genstar Vice Presidents.
"Rob and Tony have made exceptional contributions to our firm and their advancement to senior leadership positions is a recognition of their roles as valuable members of our team. They combine a strong investment experience with an ability to work very well within our firm’s entrepreneurial management culture to drive change at our portfolio investments
Private equity firm Francisco Partners has acquired Concerro through API Healthcare, an existing portfolio company that provides workforce management technology to the healthcare industry.
Based in San Diego, California, Concerro is a provider of software-as-a-service (SaaS) staffing and scheduling systems for healthcare. Through this acquisition, API Healthcare will expand its market and accelerate its delivery of SaaS solutions.
"The acquisition of Concerro presents an opportunity for API Healthcare to expand into new markets, primarily smaller hospitals and clinics, and accelerate the path to SaaS for its workforce management technology," says Petri Oksanen, a principal at Francisco Partners who focuses on
Longitude Capital, a life sciences venture capital firm, has appointed Gregory Grunberg, MD, as Managing Director in the Menlo Park, California office, effective immediately. At Longitude, Dr Grunberg will focus primarily on medical device company investments.
"We are delighted to welcome Greg to our Longitude team. He brings broad experience and expertise within life sciences investing and will help us provide high-level strategic counsel to our portfolio companies," says Juliet Tammenoms Bakker, Founder and Managing Director of Longitude Capital. "Greg’s hire comes at an exciting time for our Firm as we expand our franchise within the life sciences industry and
Boston-based private equity firm Riverside Partners is to make a significant investment in Park IP Translations, a market leader in the highly technical field of patent translation. The investment, which will be made through Riverside Partners’ portfolio company, Welocalize, will enhance the company’s service offerings, providing clients with better translations on a global scale. Park IP is headquartered in New York, New York.
Welocalize has over 500 employees in 11 offices located in the USA, Ireland, United Kingdom, Germany, China, and Japan, and provides translation supply chain management to deliver market-ready, translated content efficiently and affordably. Welocalize is headquartered in
The most likely path for unwinding global imbalances over the medium term is through appreciation of EM currencies versus G10 currencies, says Jerome Booth, Head of Research, and Jan Dehn, Strategist at Ashmore Investment Management…
The world in 2012 will continue to be divided into deleveraging G10 economies and EM economies without excessive debt. The US and Europe will continue to experience sub-trend growth, with the main risk still a return to recession or even depression. Most of the EM economies will grow close to trend, with the main risks being country specific, most commonly inflation. G10 and EM economies
Corel has completed the acquisition of the Roxio business from Rovi Corporation. With this deal, Corel has expanded its product portfolio to include Roxio’s broad range of digital media and security solutions, including digital media suite Roxio Creator and Roxio Toast, a leading media conversion software on the Mac platform.
Financial details of the agreement have not been disclosed.
Corel now adds the Roxio product line, including the following well-known products, to its portfolio:
Roxio Creator – Software to enhance, preserve, capture and share your digital media
Roxio Toast – The ultimate multi-media toolkit for your Mac
Roxio Game Capture
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