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Masabi, the developer of mobile phone ticketing technology, has completed a USD4 million Series B funding round with m8 Capital, the mobile technology venture capital fund.
The funding will be used to support deployments with multiple rail companies in the UK, and for the development of new service features, including NFC technology. It will also help facilitate expansion into new markets, particularly the US, where the company is seeing strong interest.
Since securing its Series A funding round in September 2010, Masabi has gone from strength to strength, with multiple successful launches of mTicketing services including Cross Country
DC Advisory Partners has appointed Ciara O’Neill as a Managing Director. O’Neill will work with Jonathan Trower in the European Debt Advisory Group and will be the third Managing Director appointment in London this year, following the recruitment of Philipp Gutzwiller and Jeff Blue.
O’Neill has 16 years’ experience in the leveraged finance market. She joins DC from Mizuho Bank where she was Head of the Leveraged Capital Markets Europe team from 2008. Prior to joining Mizuho Bank, O’Neill was a Managing Director in the Leveraged Capital Markets team at RBS where she was responsible for numerous high profile leveraged
Novacap has completed the carve-out of Rhodia’s salicylic and acetaminophen businesses, with the support of its majority shareholder AXA Private Equity.
These activities will become Novacyl, a newly created company within Novacap. Novacyl generates revenues of EUR100 million per year and employs approximately 360 people, with production sites located in France, Thailand, China and Brazil.
Novacyl is the global leader in aspirin and salicylic acid, a key supplier of acetaminophen and methyl salicylate – these products are used mainly in pharmaceuticals (analgesics) as well as in cosmetics and flavours and fragrance applications. Novacyl’s leading technology, supported by its unique
Funds managed by GSO Capital Partners LP (GSO), a division of The Blackstone Group (Blackstone) have invested equity capital in Energy Alloys – a global provider of oilfield metals, services and solutions – to support its growth strategy. The company’s strategy will continue to be executed by its current management team.
"I am pleased to announce GSO’s commitment to Energy Alloys," says Dave Warren, President, CEO and Founder of Energy Alloys. "GSO is a top tier energy investor, and we look forward to having them as a partner. This equity commitment provides a capital structure to pursue growth opportunities, gain
SunGard will make secondary market price data on private equity, real estate and hedge funds available from its Investran platform through a collaboration with NYPPEX Private Markets.
The secondary market price data for private investment funds will be offered on a confidential basis to help customers better manage risk and meet regulatory compliance through improved private market transparency
SunGard’s Investran is an award winning application suite that supports the entire investment lifecycle, from fundraising to portfolio monitoring and reporting, by automating front-, middle- and back-office processes and providing a real-time, end-to-end solution for private equity and alternative investment firms.
By Caroline Chan – Guernsey had 106 listed vehicles on the combined London Stock Exchange markets at the end of 2010, with listed closed-ended private equity, property and infrastructure funds particularly popular. The island had the highest number of London-listed vehicles of any offshore jurisdiction; its nearest competitor had 66.
Guernsey vehicles are also listed (or approved to list) on other international exchanges including the Australian Securities Exchange, Euronext Amsterdam, the Frankfurt Stock Exchange, the Luxembourg Stock Exchange, the Nasdaq OMX Stockholm Exchange and the Toronto Stock Exchange.
Earlier this year, the Hong Kong Stock Exchange approved Guernsey as an
By Simon Gray – With the private equity industry yet to recover fully from the market convulsions of 2008 and 2009 and economic concerns still weighing heavily on investment decisions, the outlook is uncertain for service providers to the sector, who have seen new business flows slacken since the onset of the crisis. However, there is cautious confidence throughout Guernsey firms that the island’s embedded experience in a field that favours specialist expertise will serve it well in a difficult environment.
“Our experience has been very positive,” says Andrew Boyce of law firm Carey Olsen. “Guernsey has done well in
By Andrew Boyce – Several headline factors will shape the short- to medium-term future of the private equity sector. Funds that had reached the end of their investment periods before the financial crisis have been unwilling or unable to exit investments as a result of the consequential hit on values. At the same time, funds launched just prior to the crisis have not yet been able to hit investment targets despite the end of their investment periods fast approaching.
At the time of writing, events in Greece and the looming wider eurozone crisis threaten the raising of new funds and
For more than two and a half years the private equity sector has been examining how the European Union’s Directive on Alternative Investment Fund Managers will affect their operations in areas such as remuneration, leverage and transparency. But Aztec Group general counsel James Bermingham (pictured) argues that the way the directive is drafted may result in much private equity activity falling outside the scope of the legislation altogether.
“Although everyone is focusing on the contents of the directive and whether the depository is a good idea or not, or whether you will need EUR10m in share capital on the balance
By Gavin Farrell – Guernsey has developed as a platform for the private equity world over the past two decades since it first stole a march on rival jurisdictions by offering a welcome to alternative investment products. In the intervening years the island has built up its experience and expertise in specialist private equity administration, but also a legal and regulatory environment for private equity funds, which continue to grow strongly despite the onset of the financial crisis.
In retrospect, private equity funds that had acquired commitments from investors immediately before the crisis and had closed their fundraising process seemed
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