Latest News
Growth equity investor Summit Partners has entered into a binding agreement to acquire a majority stake in Ogone, a European service provider specialising in the processing of online payments.
Financial terms of the transaction were not disclosed.
As part of the transaction, Ogone will remain an independent company.
Summit Partners is partnering with the existing management team, led by Ogone’s chief executive Peter de Caluwe and founders, who will remain significant shareholders and advisers.
Ogone’s online payment platform solution extends across 35 countries and provides payment processing services to more than 20,000 merchants. The company has a network of more
Helveta, the provider of supply chain intelligence software CI World, has completed a GBP5m equity financing.
The round was led by BeCapital, with Carbon Trust joining as a new investor and continued support coming from existing investors Albion Ventures, Oxford Capital Partners and Succès Europe.
Helveta’s CI World supply chain intelligence functionality enables public and private sector users in the forest and food products industries to provide full traceability and compliance verification capability for assets moving along global supply chains.
CI World is being used to monitor in excess of 2.7 million hectares of forest across the Congo
Nearly four out of five private equity investors say their allocations to the asset class will remain at current levels or increase in the coming years, while most private equity firms are optimistic about their future, according to research released by BNY Mellon.
The primary focus of the paper, entitled “Private Equity Faces the Future: Candid Views from the Market,” is to explore the changing relationships between limited partners and general partners and how this evolving dynamic will impact the market.
While economic events of 2008-2009 tested assumptions about private equity performance as well as long-standing relationships between LPs and
Venture capital interest in medical devices, pharmaceuticals, biotechnology and other medtech sectors remained high over the past 12 months, despite a marked shift towards investment in clean and green technologies.
"Venture firms still favoured the life sciences over all other industries," says Sarit Bailey, director of research for the just published 2010 mid-year edition of The Biomoney Directory. "While investment was down from previous levels in the life sciences, industries such as communications, information technology and semiconductors bore more of the brunt of the shift into clean technology investing."
Within the life sciences, the outlook for the remainder of 2010
The listed private equity sector has delivered exceptional returns over the past year, research by Collins Stewart has found.
Solid net asset value returns have been enhanced by improvements in ratings from capitulation levels, balance sheet issues have been addressed, and mature portfolios have begun to deliver healthy, positive cash-flows.
Transparency remains an issue to the listed private equity funds of funds sector but the introduction of a number of high quality funds in recent years has raised the benchmark in terms of investor relations, the report says.
Concerns over excessive gearing, over-commitment and valuations led to a collapse in
The European Union’s Directive on Alternative Investment Fund Managers is poised to step significantly closer to becoming law this week, with decisions on the directive scheduled to be taken in the European Parliament and the EU’s Council of Economic Affairs and Finance Ministers.
Today members of the parliament’s Economic and Monetary Affairs Committee are due to vote on the directive, following a week’s delay resulting from a disagreement with the parliament’s Legal Affairs Committee about disclosure requirements affective companies with 50 or more employees that accept venture capital funding.
On Tuesday a different draft of the directive will be voted
Lehman Brothers has completed the spin-out of its European mezzanine business, Lehman Brothers European Mezzanine Partners, to Neovara, a new independent credit asset manager established by Lehman Brothers European Mezzanine Partners’ management team.
Neovara will advise on the realization of the EUR800m Lehman Brothers European Mezzanine Fund.
The spin-out has received unanimous support from the fund’s institutional investors, and Neovara is now assuming the management and control of their investment vehicles. The consent process for retail investors is ongoing.
Neovara has been established by the founders of Lehman Brothers European Mezzanine Partners, who have worked together since 2002
Climate Change Capital Private Equity has invested a further GBP7.5m into its majority owned portfolio company Climate Energy, an energy efficiency services firm.
The proceeds have enabled Climate Energy to enter into an agreement to acquire Creative Environmental Networks for an undisclosed sum.
Climate Energy has also appointed Mark Davies, former chief executive of Connaught, as non-executive chairman.
Creative Environmental Networks is an organisation delivering a range of services to engage householders, businesses and communities in environmental and social improvement.
The acquisition has strengthened the group, making it the largest Energy Savings Trust advice partner in the UK, offering a
Star Avenue Capital, a Los Angeles and New York based consumer growth equity vehicle, has appointed private equity veteran Paul Lattanzio as president.
Star was recently formed in partnership with private equity firm Irving Place Capital and entertainment and sports agency Creative Artists Agency.
The firm provides capital and counsel to growth companies in the branded consumer, retail, apparel and fashion industries.
Lattanzio most recently served as a senior managing director and the head of Bear Growth Capital Partners from July 2003 until January 2009. BGCP was a middle-market private equity group formed by, and closely affiliated with, Bear Stearns
HarbourVest Global Private Equity, a closed-end investment company, had an estimated net asset value of USD717.1m or USD8.64 per share as at 30 April 2010.
This represents a 0.1 per cent increase from the 31 March 2010 estimated NAV per share of USD8.63.
The company was net cash flow positive in April and has been net cash flow positive for four of the last five months and each of the last two financial quarters.
On 12 May 2010, all of HarbourVest Global Private Equity’s issued class A shares were admitted to trading on the Specialist Fund Market of the
Special Reports
Featured
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
