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Intel Capital, Intel Corporation’s global investment organisation, has made two new investments in Russian companies as part of its ongoing commitment to support technological innovation in the country.
Intel Capital announced it has led a round of investment in AlterGeo, geo-location social networks in Russia with underlined location identification technology. The investment funds will be used to continue developing new and innovative services, grow the business’ user base and build a local business customer acquisition platform in what is one of the fastest growing sectors in the region.
Intel Capital has also signed an agreement to invest in
The Association of the Luxembourg Fund Industry (ALFI) has announced the election of the new president, Marc Saluzzi, who takes up the rolls, which will run for two years, with immediate effect.
Saluzzi has been on the board of Alfi since 2001. He later joined the Strategic Advisory Committee and in 2009 he became Chairman of the ALFI Alternatives Committee.
Saluzzi brings over 25 years experience in the Investment Management Industry in Luxembourg and in the US. e is French and graduated from the Institut Superieur de Gestion in Paris in 1986. He then joined PricewaterhouseCoopers and became a
Nautic Partners, LLC, and Pamlico Capital they have sold their portfolio company MACTEC, Inc (MACTEC) to AMEC plc (LSE: AMEC) for a purchase price of USD280 million. Inclusive of prior distributions, the transaction will yield a return for Nautic and Pamlico of 2.7x their investments.
Headquartered in Alpharetta, GA, MACTEC is an industry leader in engineering, environmental, and construction services to public and private clients worldwide. MACTEC’s services include environmental planning, assessment and remediation, infrastructure engineering, water resources and construction support services. A broad range of high-quality, long-term MACTEC clients operate in the energy, commercial/industrial, transportation/infrastructure and federal sectors. The
Olswang has acted for the management team backed by Phoenix Equity Partners (Phoenix) on its investment in Karmarama, one of the UK’s fastest growing independent advertising agencies. This is the third investment by Phoenix’s GBP450 million 2010 Fund, which was raised in May 2010.
The investment made in Karmarama encompasses its associate companies, Kream and Kaper. Upon completion, Karmarama partners will jointly own the business together with the Phoenix-backed management team, advised by Olswang. Key figures joining the team include Adam Silver, who has been appointed as Corporate Development Director and Charles Watson, former CEO of Financial Dynamics, one of
Cascadia Capital, a diversified boutique investment bank serving both private and public growth companies, has served as the exclusive financial advisor to Chelmsford, MA based FRX Polymers, Inc. (FRX or the Company) (www.frxpolymers.com) in its recent USD15.7 million growth equity financing.
FRX is a growth stage "green chemical" company that is commercialising a new non-halogen containing polymer technology that addresses an unmet market need in the USD15 billion flame retardant polymer industry. SAM Private Equity, with headquarters in Zurich, Switzerland, led the Series B round of financing. Joining SAM were the Company’s series A investors (Capricorn Venture Partners and
Regent Capital is supporting Prism the Gift Fund (‘Prism’), which has joined forces with Big Issue Invest (BII) to set up a pioneering initiative called The Big Issue Social Enterprise Investment Appeal.
This unique collaboration enables donors to claim tax relief on their charitable donations, support innovative businesses that will have a positive social impact, PLUS any returns generated can be onward gifted to other charities all over the world.
‘Prism is thrilled to be working with the Big Issue Invest on such an innovative project. We are excited by the idea of opening up the Social Investment market
The AIM-quoted private equity investor China Private Equity Holdings Ltd (CPE; Ticker CPEH) has posted a 6.9% increase in net asset valuation for the year to 31 December 2011.
The company said the increase reflected its initial positioning within China’s rapidly growing TMT sector, while a subsequent additional move into financial services has also established a presence in a market now set to benefit from the Chinese Government objective of shifting the country towards a consumer-based economy.
Consolidated net asset valuation for the year rose to USD29.3 million (2009: USD27.4 million), with net asset value per share rising in line
Bio City Development Company BV (BCDco), a leading emerging markets’ healthcare infrastructure company, and an affiliate of the Turkish housing authority, TOKi, have formed a partnership and successfully attracted foreign investment to build a state of the art tertiary care paediatric hospital with integrated research and development facilities.
BCDco has successfully completed the offering of USD200 million Convertible Bonds due 2018 (the Bonds), which may be increased by up to USD25 million prior to settlement, to finance the development of Bio City Istanbul. An affiliate of Lyrical Partners, the New York investment firm, provided significant early stage investment in BCDco.
Venture capital firm Accel Partners has led a USD50m minority investment in YapStone, a provider of Electronic Payments as a Service (ePaaS) for property management and other vertical market segments.
The new capital will be used to support the Company’s rapid growth, specifically for continued investment in its core technology platform to serve current and new vertical markets. The capital will also be used to support international expansion and fund opportunistic acquisitions. Financial Technology Partners LP and FTP Securities LLC (together "FT Partners") served as exclusive strategic and financial advisor to YapStone and its Board of Directors in this transaction.
AXA Private Equity has signed a Sale and Purchase Agreement with Citigroup (NYSE: C) for the acquisition of a USD1.7 billion portfolio of limited partnership interests in private equity buyout funds and a portfolio of direct stakes in companies. This deal represents one of the largest ever secondary private equity transactions and confirms AXA Private Equity’s world leadership in secondary Funds of Funds.
The portfolio sold by Citi Holdings comprises 207 limited partnership interests in mostly buyout and a number of investments that were made directly into certain companies. The portfolio was funded by Citigroup proprietary capital and does not
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