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Shazam, the world’s leading mobile discovery company, has raised USD32 million in new funding led by Kleiner Perkins Caufield & Byers (KPCB) and Institutional Venture Partners (IVP), with existing investor DN Capital participating.
The investment will be used to support the company’s continued growth and the development of Shazam’s real-time discovery and sharing App which creates an engaging, interactive mobile commerce platform for brands as it expands into television with Shazam for TV.
“Shazam has experienced incredible growth over the last year and established itself as the ultimate mobile App for media discovery and interaction,” says Matt Murphy, Partner
Guernsey-headquartered International Administration Group (IAG) has announced that it is to offer fund administration services in China.
IAG is forming a joint servicing platform with Exceedor in Shanghai that will allow it to offer onshore RMB denominated private equity fund administration services in China.
The formation of a Shanghai operation follows from establishment of an office in Hong Kong earlier this year.
Julian Carey (pictured), Managing Director of IAG’s Hong Kong office, says: “We already administer many of the traditional fund structures for private equity, real estate and other alternative assets. Now we have extended our services to include RMB
Proskauer has continued the expansion of its global corporate practice and London office with the addition of Peter McGowan, who will join the firm as a partner.
McGowan has broad-based experience in UK and EU regulatory matters governing the full range of corporate transactions, as well as funds structuring across private equity, retail, real estate and hedge funds. He advises on outsourcing, M&A, fund administration and custody arrangements in the investment management sector and counsels principals and agents in the investment services industry on private stock lending, foreign exchange and derivative trading arrangements. McGowan will join Proskauer from Berwin
Funds managed by Aureos Capital have sold part of their stake in Continental Warehousing Corporation (Nhava Seva) Ltd, one of India’s leading integrated logistics solution providers, to global private equity firm, Warburg Pincus.
Aureos Capital is a private equity fund management company specialising in investing in small and medium sized businesses in emerging markets. The sale is Aureos Capital’s fourth exit from a portfolio of eight companies in India, where it has been increasingly active over the last five years through its South Asia Funds.
Since launching the Aureos South Asia fund in 2006, Aureos’ India team has focussed
Josh Cleveland (pictured) has joined Clairvue Capital Partners as Partner. Cleveland is a former Director of Business Development at Liquid Realty Partners, where he worked with Clairvue’s founding partners, Jeffrey Giller, Managing Partner and Chief Investment Officer, and Brendan MacDonald, Partner.
Cleveland will be joining Jeff Granoff, a Principal who started with Clairvue in January, in Clairvue’s New York office.
Clairvue invests in real estate funds, operating companies and other types of real estate vehicles by providing financing for their recapitalisations or restructurings, and by acquiring limited partnership interests from incumbent investors on a secondary basis. Clairvue was established in
Bacchus Capital Management, LLC, a San Francisco-based investment firm focused on providing strategic capital and making private equity wine industry investments, has provided growth and refinancing capital to Andretti Winery, a well-known Napa Valley wine producer owned by one of the world’s greatest racing car drivers, Mario Andretti.
"Andretti is at a critical point in its history," says Andretti, Co-founder of the winery. "We have spent nearly 20 years developing this magnificent property in the heart of one of the world’s finest wine regions and producing outstanding varietals. My name is on every bottle and I am committed to producing
The principal sectors of Jersey’s finance industry showed strong growth in the first three months of 2011, with rises in new fund launches and the value of funds under administration providing particularly positive news for Jersey’s funds sector.
Geoff Cook, Chief Executive of Jersey Finance Limited, was encouraged by the strong performance for the first quarter of 2011, highlighting that the value of funds being administered in Jersey is now at its highest since June 2009 and that the total number of funds has increased by the largest amount for the first quarter of any year since 2008.
Furthermore, bank
Equitix, the UK-based developer, investor and fund manager specialising in core infrastructure, is delighted to announce that more than GBP100 million has now been invested in Equitix Fund II, following an initial close of GBP70 million at the beginning of the year.
Fund II has already invested in six PFI contracts in healthcare, street lighting and integrated highways, and Equitix is part of the consortium that is preferred bidder on the Greater Gabbard Offshore Transmission Owner project (OFTO). Equitix Fund II expects to announce further closes through the third and fourth quarters of 2011.
The three new investors are all UK
Clydesdale and Yorkshire Bank Corporate & Structured Finance has expanded its services with the launch of a new corporate asset finance team.
Ian Barr, who is head of Clydesdale’s existing asset finance function, will lead the new team which will provide asset finance to mainly listed companies and larger privately owned businesses. Ian is joined by four new arrivals – Iain Corbett, Gordon Young, Neil Roberts and Peter Burton – all of whom have moved from Fortis Lease UK.
The new service will provide funding for a wide range of assets including most types of vehicles, general plant and
AnaCap, the London based private equity firm that specialises in financial services companies, has completed its acquisition of the Czech subsidiary of Italy’s Banco Popolare.
The deal to buy Banco Popolare Ceská Republika (BPCR) has been under discussion with its Italian parent for some time and is AnaCap’s third acquisition of a European bank.
The deal also makes AnaCap unique amongst European private equity firms. No other European PE firm has been allowed by regulators to take control of so many banks.
Post the credit crunch there has been intense speculation over what divestments European banks would make
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