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ARX Equity Partners, the Central and Eastern Europe‐focused private equity investment firm, has acquired a controlling stake in online pet-retailer Telekarma. Following the deal, ARX will focus on the merger of Telekarma with existing portfolio company Kakadu, a Polish pet products retail chain.
ARX originally acquired Kakadu in March 2009, taking a controlling stake in the business. At the time of the deal, the company was operating 25 stores located in shopping centres and at retail parks in large Polish cities. Since then, the chain has expanded to 34 stores, and plans to open another five outlets during the course
AXA Private Equity, the leading diversified private equity has acquired a 25% stake in Ticket Surf International (TSI), the leading French provider of e-money services, as part of an owner buy-out (OBO).
A capital restructuring at TSI will enable minority shareholders to withdraw and marks a new phase in the company’s development.
AXA Private Equity’s support, through its Innovation & Growth funds, will enable TSI to reinforce its leading position in the French online gaming market. The company aims to expand its international operations and also achieve deeper penetration in the e-commerce sector by launching a prepaid MASTERCARD and
Institutional Venture Partners (IVP) has promoted Jules Maltz (pictured) to General Partner. Maltz joins Todd Chaffee, Norm Fogelsong, Steve Harrick, Sandy Miller and Dennis Phelps as the sixth General Partner of the firm.
Maltz joined IVP in August 2008. He focuses on later-stage venture investments in rapidly-growing Internet and software companies. Maltz led IVP’s investment in Buddy Media and was actively involved in IVP’s investments in LivingSocial, Marketo, ngmoco, Sugar, Spiceworks, Twitter and Yext. He currently serves on the Board of Directors of Buddy Media and H5.
“Jules has consistently set the highest bar for himself and has exceptional investment skills,” says
Push Technology Ltd, a provider of enterprise messaging and Internet communications solutions, has secured an equity investment from Stephens Capital Partners, the family owned investment business based in Little Rock, Arkansas. Stephens’ investment will provide the company with the capital needed to accelerate growth in its key financial services and eGaming markets.
Push Technology has grown quickly to become a leader in the provision of real-time push engine solutions, increasingly establishing its Diffusion technology as the de-facto choice for organisations with mission-critical enterprise messaging applications. The company grew revenues by some 400 percent over the last year, and is targeting
BNY Mellon Alternative Investment Services (AIS) has topped USD400 billion in assets under administration, making it the second largest provider of solutions to hedge funds, funds of hedge funds, and private equity investments globally.
Since 2008, BNY Mellon AIS has doubled its alternative assets under administration, fuelled by increased market share and its acquisition of PNC’s Global Investment Servicing business last July. The company has seen growth both in the number and complexity of fund structures serviced, plus strong demand for its ‘prime custody’ offering as more hedge fund managers opt for an independent third-party provider to handle custody,
Munich-based venture capital firm Target Partners (www.targetpartners.de) has invested EUR2.5 million in Treasury Intelligence Solutions GmbH (TIS) (www.treasuryintelligence.com), a Walldorf, Germany-based developer of certified, wholly Web-based, highly integrated and multi-bank capable payment solutions. TIS will use the capital to expand development and sales efforts as well as to internationalize its operations.
TIS’ integrated multi-bank solution makes payment transactions for companies more efficient and secure. All mission-critical processes related to payment transactions – liquidity levels, payment status and bank account authorisations – are integrated into a single audit-proof application. On behalf of its customers, TIS takes care of managing various
Equity Finance and FCPR Epargne Développement II and FCPR ED Capitalisation Intermédiaire, two FCPR funds managed by Chequers Partenaires, have reached an agreement with Weinberg Capital Partners relating to the sale of their holdings in the Groupe E.CF (Ecotel Chomette Favor), in agreement with the other main shareholders of E.CF, EF Logistique, the company’s management and Financière Groupe Ecotel (FGE).
Thierry Drecq and the management team of the Groupe E.CF, Financière Groupe Ecotel, chaired by Jean Luc Saxod and Salvepar (an investment company affiliated with Société Générale) will invest alongside Weinberg Capital Partners in this transaction.
The transaction remains subject
Piper, a leading private equity specialist in consumer brands, has sold its majority shareholding in adult soft drinks business Bottlegreen Holdings Limited to SHS, the Northern Irish-based food group who own a number of successful drinks brands including Shloer, WKD and Merrydown. As a result of the sale, Piper has achieved a five-times multiple on its four year investment. Some members of the management team will retain shareholdings in the group.
Since Piper’s GBP5m investment in 2007, Bottlegreen has become an iconic brand stocked by all the major UK multiples with a fast-growing international presence. Over the period of the
Venture capital Morgenthaler Ventures, a leading venture capital firm, today announced the addition of Mark Goines as partner. Goines has an extensive track record of working successfully with high growth companies as an entrepreneur, executive and angel investor. Exits from his angel investments include Mint, Baby Center, PayCycle and Nolo.com.
Goines was also an angel investor in Morgenthaler investments, Pageonce and Practice Fusion, and currently represents Morgenthaler on Practice Fusion’s board. He joins Morgenthaler’s IT Team based in Menlo Park, CA.
As partner, Goines will focus on investments in the areas of financial technology, mobile, consumer and small business Internet
Silicon Valley Bank (SVB) has appointed technology and life science banker Mercy Forde and VC fund CFO Nina Labatt to its Venture Capital and Private Equity Services team, which is dedicated to providing the financial services required by venture capital and private equity firms. Having worked closely with venture capitalists for nearly 30 years, SVB has become the preferred banker to more than half of the venture capital firms in the US.
"We have an outstanding team that understands the unique financing needs of our venture capital and private equity partners," says Greg Becker, President and CEO of Silicon Valley
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