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Conviva, a streaming solutions provider, has closed a USD15m series C round of funding, bringing Conviva’s total amount raised to USD44m since its launch in 2006.
GGV Capital led the round with participation from existing investors Foundation Capital, New Enterprise Associates and Pelion Venture Partners (formerly UV Partners).
Conviva has optimised over a billion video streams for some of the largest broadcasters on the internet and will use the new financing to expand the company’s footprint, drive technology innovation and invest in new industry segments.
According to the Cisco Visual Networking Index, the amount of Internet traffic is expected to
Chief executives of UK mid-market growth companies have a very positive outlook for the year ahead, a survey by ECI Partners and Arbor Square Associates shows.
The findings suggest that the mid-market will be a significant driver behind UK economic growth and will help lead the UK out of recession.
Seventy six per cent of chief executives expect significant revenue and profit growth with 25 per cent expecting growth of more than 25 per cent over the next 12 months.
Against a UK-wide anticipation of job losses, 68 per cent anticipate creating jobs over the next year.
Eighty five per
Helen Wyatt, a senior associate in Mourant Ozannes’ Guernsey office, will join the London team later this month.
Wyatt (pictured) joined Mourant Ozannes in 2001, qualifying as an English solicitor in 2004 and as a Guernsey advocate in 2007. Her current practice includes banking and finance, corporate and funds work.
The appointment comes as Mourant Ozannes celebrates the tenth anniversary of the opening of its London office; in 2000 it became the first law firm from the Channel Islands to operate from a London base.
Jonathan Rigby, managing partner, Mourant Ozannes, says: “London is an extremely important market for Mourant
IK Investment Partners, a pan-European private equity firm, has agreed with the owners of GHD GesundHeits GmbH Deutschland, founder and chief executive Andreas Rudolph and Barclays Private Equity to acquire a majority stake in the company.
Financials for the deal were not disclosed.
GHD provides homecare services in Germany, with expected revenues close to EUR300m in 2010.
GHD has made add-on acquisitions in recent years, supplying homecare patients with both medicines and medical aids.
Rudolph will retain a substantial shareholding in the company.
“Barclays Private Equity’s investment opened new market opportunities for the company. Together with our new partner IK we
HarbourVest Global Private Equity had an estimated economic net asset value of USD738.8m or USD8.90 per share as at 31 August 2010.
This represents a 1.6 per cent increase from the 31 July 2010 estimated economic NAV per share of USD8.76.
HarbourVest’s portfolio has been re-valued to reflect 30 June 2010 valuations, resulting in a USD0.22 increase in economic NAV per share, which was driven by increasing valuations for fund of funds. This change was partially offset by negative foreign currency movement (USD0.06 per share) and ongoing operating expenses (USD0.02 per share).
During the month, HarbourVest funded USD2.5m of
CDC, a China-based operator of and growth investor in hybrid enterprise software, IT services, and new media assets, has signed a memorandum of understanding to establish a private equity fund with the government of Nanhai District, Foshan, a city located in south China’s Guangdong Province.
The Foshan Nanhai-CDC Technology and New Media Fund will be initially funded at RMB600m.
Foshan is the third largest city in Guangdong and holds one of the highest gross domestic product per capita in the country. Foshan is considered one of the top-ten fastest growing cities in China, and has a large manufacturing sector, including
Macquarie Group has entered into an agreement to acquire 100 per cent of the membership interests in Presidio Partners, a US-based real estate private capital raising and advisory firm.
Terms of the transaction were not disclosed and the transaction is expected to close in the fourth quarter of 2010, subject to regulatory approvals and other customary closing conditions.
Presidio’s strength in the US and Europe, in combination with Macquarie’s position in Asia Pacific, will create a global real estate private capital markets platform.
The combined platform will have a 19 person private capital team, who have raised a combined USD30bn
The Private Equity Council has added 18 new members and has changed its name to the Private Equity Growth Capital Council.
The council earlier this year launched a major effort to broaden membership beyond the founding firms.
In the last few months, the following new members have joined: Avista Capital Partners; Brockway Moran & Partners; Crestview Partners; Genstar Capital; Global Environment Fund; GTCR; Kelso & Company; KPS Capital Partners; Levine Leichtman Capital Partners; MidOcean Partners; New Mountain Capital; The Riverside Company; Sterling Partners; Sun Capital Partners; TA Associates; Thomas H. Lee Partners; Vector Capital; and Welsh, Carson, Anderson & Stowe.
Winshuttle, the ERP usability company, has raised USD12m in growth equity financing from Summit Partners.
The funding will be used to accelerate the company’s expansion.
Founded in 2003, Winshuttle has designed solutions such as Winshuttle Transaction, Query, and the new Studio suite, allowing non-technical users to solve critical data or business process challenges without programming.
By letting users work with their favourite desktop applications to run the complex business processes supported by SAP, Winshuttle’s platform aims to save customers time and money while improving employee productivity and satisfaction.
“Given our current customer momentum, our growing global footprint, and
The Blackstone Group intends to offer senior notes of Blackstone Holdings Finance, its indirect subsidiary, subject to market and other conditions.
The notes will be fully and unconditionally guaranteed by The Blackstone Group and its indirect subsidiaries, Blackstone Holdings I, Blackstone Holdings II, Blackstone Holdings III and Blackstone Holdings IV.
Blackstone intends to use the proceeds from the notes offering for general corporate purposes.
The notes will be offered and sold to qualified institutional buyers in the US pursuant to Rule 144A and outside the US pursuant to Regulation S under the Securities Act of 1933.
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