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Runa Capital, a Russian seed-stage Venture Capital firm, has made a third investment; in Metabar (http://www.metabar.ru), a free platform that automates the process of creating browser-based applications. The platform is the first of its kind designed specifically to help increase web traffic and brand loyalty for Russian-based internet sites.
According to Michael Ushakov, CEO at Metabar: "The Russian internet today includes hundreds of sites that attract a million plus visitors. Metabar’s team has extensive experience of this market and the resources needed target these websites. Our platform allows website owners to quickly offer applications that can transform casual visitors
Figures released today show that CDC Group plc (CDC), the UK’s development finance institution, increased the level of its investment in developing countries to GBP420m for the year. The UK government-owned investor also made a return of GBP269m in 2010.
By increasing both the level of investment and returns on its 2009 figures, CDC has also played an important role in demonstrating to other investors the potential of the private sector in sub-Saharan Africa and South Asia.
The company, which is the biggest private equity investor in sub-Saharan Africa, now provides investment to 930 businesses in 70 countries. These
Plans to open up the European Union (EU) to more private equity investment from venture capitalists have received support from alternative investment advocacy group, Alternative Asset Analysis (AAA).
The proposals set out by the European Commission (EC) would see venture capitalists granted a ‘passport’ to allow them to invest anywhere within the EU.
AAA analyst Anthony Johnson says: "The plans to open up investment routes within the European Union will be good for the alternative investment market in the region and will also stimulate economic growth for EU member countries."
Small businesses based in EU member states will particularly benefit
HarbourVest Global Private Equity’s estimated economic NAV is USD858.6 million or USD10.35 per share, as at 31 March 2011. This is a 3.6% increase from the 28 February 2011 estimated Economic NAV per share of USD9.99.
The change was driven by increases in value for privately-held companies as a portion of direct and fund-of-fund holdings were revalued to reflect final 31 December 2010 results (approximately USD0.32 per share); increases in the value of publicly-traded holdings to 31 March (USD0.01 per share); and foreign currency movement (USD0.05 per share).
The gains were partially offset by ongoing operating expenses (USD0.02 per
CMG Partners (CMGP) has appointed Todd Redmon, a private equity industry veteran, to serve as Director for the strategic marketing consulting firm and spearhead the its private equity practice.
Redmon will lead the firm’s efforts helping private equity firms and their portfolio companies by providing strategy, corporate development and operations expertise which complements the CMGP’s established strategic marketing services.
“I’m excited to join CMG Partners and continue my involvement with the private equity community. I have been connected to this community for much of my career and look forward to the opportunity to create mutually beneficial partnerships between the industry
Golub Capital has provided a GOLD financing to support the recapitalization of Vision Source by Brazos Private Equity Partners. GOLD financings are Golub Capital’s One-Loan Debt facilities.
Based in Kingwood, Texas and established in 1991, Vision Source provides its independent optometrist and dentist members unmatched purchasing power, professional and staff development, and practice management assistance while allowing them to maintain their independence. Vision Source practices cumulatively represent more than USD1.7 billion of retail sales, making it the second largest optical network in the United States.
"We are excited to partner with Brazos and management to continue Vision Source’s strong
HIG Europe, the European arm of global private equity firm HIG Capital, has led the recapitalization via a consensual restructuring of the industry-leading German call centre operator Walter Services Holding GmbH (Walter Services).
The former shareholder consortium, led by Odewald & Cie, will hold a small co-investment after closing. HIG Europe is now the majority shareholder of Walter Services. Anchorage Capital is also an investor in the transaction.
The closing of the transaction is subject to antitrust and German bank authority approval. The acquisition of Walter Services is the fifth investment of HIG Europe in Germany in the last
Legal & General Investment Management’s (LGIM) Global Emerging Markets Strategist, Brian Coulton (pictured), explains that mounting inflationary pressures in China could potentially force more substantial monetary tightening than currently signalled by the authorities or the market…
As inflationary pressures continue to build in China, the situation is increasing the risk of a slowdown in the country’s growth, which would have major implications for the global economy. China’s role is more important than ever having officially become the world’s second-largest economy last year, accounting for a quarter of global growth. With other countries importing cheap Chinese goods, China has played a
CoachClub, the first video sports and well-being coaching service, has now raised EUR5 Million with Innovacom and Serena Capital. The aim of raising funds is firstly to speed up the conquest of new members, and secondly to deploy the CoachClub service outside France as well.
CoachClub’s mission is to help its members (exercise regularly) by creating a personalised sports program which can be upgraded according to the progress they make. The service was launched a year ago, and has already attracted 100,000 members.
CoachClub enables its members to keep fit at all times, at their own pace, when
Alta Resources, LLC and Blackstone Capital Partners, an affiliate of The Blackstone Group (NYSE:BX), have formed Alta Energy Partners, and a concurrent commitment to invest up to USD1 billion via this entity to acquire and develop unconventional oil and gas assets in North America.
Founded in 1999 by Joseph G Greenberg, its President and CEO, Alta Resources has been a leader in the development of shale gas assets from the Fayetteville shale basin in Arkansas to the Marcellus shale field in Pennsylvania. George P Mitchell, a partner in Alta Resources, is widely regarded as the father of shale gas for
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