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Quantum Capital Fund (QCF), a multi-staged venture capital firm, has officially launched a USD200 million fund in the US.
Founded in South Africa in 2004 by Julian Pencilliah, QCF provides direct investments and business expertise to organisations operating across the information technology, online media and Internet-related sectors.
QCF’s first US technology venture is an initial USD30 million investment in The Jetstream, a new social media network targeted to a wide variety of people who are on a journey to self-discovery. Its US operation is led by Silicon Valley technology pioneer, Arnold Magcale, and is headquartered in Santa Clara.
"Establishing presence
Symplified, the Cloud Identity Company, has raised USD20m in a Series C round of venture capital financing led by Ignition Partners. The company, which tripled revenues and customer adoption last year, is the market share leader in the rapidly expanding cloud identity and access management (IAM) segment with more than three million licensed users of its cloud identity management platform.
Symplified will use the funds to expand operations, service and support, research and development, and marketing resources to satisfy global demand for its cloud service which provides seamless IAM across SaaS, Web and mobile apps used by employees, customers and
The proposed European Union financial transaction tax (FTT) could lead to a significant decrease in cross-border trading of financial instruments in the EU, undermining the single market, according to the Alternative Investment Management Association (AIMA), the global hedge fund association.
AIMA, which has carried out a comprehensive analysis of the proposed FTT, said there would be a significant slowdown in trading of financial instruments like shares, bonds and derivatives in the EU.
The AIMA analysis concluded that the FTT would have widespread, unintended damaging consequences. As well as undermining the EU’s single market, the FTT would be likely to
SIG is increasing its weighting to equities against a background of almost universal investor pessimism, according to the firm’s latest monthly asset allocation report. In his monthly note, SIG CIO James Millard says, “investors remain very overweight cash” but “we are considerably more optimistic on the outlook for markets than consensus”…
Tensions in the global economy eased somewhat during December with the US growing above trend rate in the final quarter of 2011. In Europe, where many of the issues of 2011 remain unresolved, while the peripheral Euro countries will almost certainly stay in recession throughout 2012, the core countries may only
American Capital received has USD215 million in cash proceeds from the sale of portfolio company CBIT Solutions Inc – USD2 million (1 per cent) less than the company’s third quarter 2011 valuation of the investment. American Capital’s compounded annual rate of return earned over the life of its total investment in CIBT was 15% for all debt and equity investments, including interest, dividends, fees and expected escrow proceeds.
"We are extremely pleased with the results of our CIBT investment, which illustrates American Capital’s long-term dedication to assisting portfolio companies with flexible financing solutions," says Brian Graff, American Capital Senior Managing Director. "We
Offshore law firm, Mourant Ozannes, has appointed Advocate Daniel Birtwistle as the Managing Partner of its Jersey office. His appointment will take effect from 1 February 2012.
Mourant Ozannes advises on the laws of the Cayman Islands, Guernsey and Jersey from offices in each of those jurisdictions as well as Hong Kong and London.
Birtwistle has been at the firm since 1995. He qualified as a Jersey lawyer in 1998 and was admitted as a partner in 2004. He ran the firm’s London office between 2006 and 2007 and has been on Mourant Ozannes’ management committee since 2008. A member
Embedded memory and logic technology specialist NeoMagic Corporation has executed a private financing (PIPE) for 6,000,000 shares of the Company’s Common Stock priced at USD0.01 per share. The financing is led by Bluestone Financial LTD investor group and Mediastone LLC, two prominent venture capital and private equity firms.
David Tomasello, NeoMagic’s Chairman of the Board, is managing director of Bluestone Financial and Jorge-Granier Phelps, a member of NeoMagic’s Board of Directors, is managing director of Mediastone LLC.
Also participating in the transaction, are Syed Zaidi, President and CEO, and Charlotte Willson, Vice President Finance and Principal Accounting Officer, and two
Ivycorp, creators of Ivytalk, a next-generation enterprise messaging network for businesses and organisations, has received an initial USD1 million in Series A investment capital from a combination of investors led by the Women’s Venture Capital Fund.
"Ivycorp is a great example of the large and growing pipeline of women entrepreneurs building capital-efficient but scalable businesses," says Helen MacKenzie, Managing Director at the Women’s Venture Capital Fund. "Mary Jesse, Ivycorp’s CEO, embodies the entrepreneurial spirit that we look for in our investments. Mary’s successful track record as an engineer and telecommunications executive ensures the level of leadership required to bring a
Global investors have started 2012 with a reawakened sense of optimism towards the global economy and greater appetite for risk, according to the BofA Merrill Lynch Survey of Fund Managers for January.
The global survey of 214 institutional investors shows far fewer predicting a global slowdown. Only a net 3 per cent believe the world economy will weaken in the coming 12 months down from a net 27 per cent in December – the biggest one-month improvement in the growth outlook since May 2009.
Many investors are showing more appetite to take risk. BofA Merrill Lynch’s Composite Risk and
OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, and a consortium equity group, including the Caisse de depot et placement du Quebec, have sold Cari-All Group Inc to German based cart manufacturer Wanzl Metallwarenfabrik GmbH.
Founded in 1969, Cari-All is the leading manufacturer and distributor of shopping carts, shelving and backroom equipment to retailers across North America.
Since OMERS Private Equity acquired Cari-All in 2005, the Company has strengthened its position in the North American cart market through a number of strategic initiatives, including bolstering the management team, improving operational efficiencies and growing through
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