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Tremor Media, a video monetisation and advertising company, has raised USD40m in funding led by Draper Fisher Jurvetson Growth Fund with participation from DFJ and Triangle Peak Partners.
Existing investors including Canaan Partners, Meritech Capital Partners and SAP Ventures also participated significantly in this financing.
The capital will allow Tremor Media to accelerate its lead in the online video advertising space and continue its growth trajectory.
It will primarily be used to invest in R&D to bolster Acudeo, its technology platform, with new solutions for both advertisers and publishers, and to drive expansion into other media channels where digital video
The Alternative Investment Management Association has welcomed the statement by the French and German Finance Ministers, Christine Lagarde and Wolfgang Schäuble, that qualified investors should be free to invest in funds from all around the globe irrespective of quality standards set for European hedge funds.
Aima chief executive Andrew Baker (pictured) says that given the widespread international concern over possible protectionist consequences of the directive and the potential impact on European investors, this is a significant and reassuring statement.
Baker says the current texts of the directive do not necessarily reflect these sentiments and it appears that the French and
Climate Change Capital Private Equity, a EUR200m fund dedicated to investments in clean technology companies, has led a EUR9.1m funding round in Nualight, a manufacturer of LED lighting solutions to the retail sector.
Nualight is based in Cork, Ireland.
CPE subscribed for EUR3.75m of ordinary and preference shares in a EUR4.1m round alongside existing shareholders and committed a further EUR5m jointly with existing investor ESB novusmodus, the renewable energy investment fund of ESB, the Irish State electricity company.
Other investors include 4th Level Ventures, an early stage technology fund and existing shareholder.
Nualight’s LED light fixtures are used for illuminating
Ground Truth, a mobile intelligence provider that helps operators, advertisers and publishers to measure and grow their businesses, has raised USD7m in series B financing.
Emergence Capital Partners and Openair Ventures joined existing investors Steamboat Ventures and Voyager Capital in the financing round.
The transaction brings Kevin Spain, principal at Emergence Capital Partners, to Ground Truth’s board of directors. Spain is an expert in consumer and enterprise technology, having spent his career at blue-chip companies including Microsoft and Electronic Arts.
In his capacity at Emergence Capital Partners, Spain serves on the boards of Veeva Systems, Zuberance and SupportSpace.
"Mobile is
Kleinwort Benson, the UK-based investment management and financial services group that is one of the largest fund administrators in the Channel Islands, will have its banking licence withdrawn by the Jersey Financial Services Commission when the firm is acquired by Belgian investment firm RHJ International from Germany’s Commerzbank.
The Jersey regulator’s decision is based on its requirement that banking entities must be owned by a top 500 bank “of national and systemic importance”, and comes despite Moody’s Investor Services assignment of a Baa2/Prime-2 long- and short-term deposit ratings and a bank financial strength rating of C- to Kleinwort Benson as
In quarter one 2010 the total value of private equity investments in support services amounted to GBP1.1bn, equal to the total value recorded in the whole of 2009, according to a Grant Thornton report.
Competition is set to intensify in this sector in the coming months, according to the corresponding survey of 40 private equity investors with experience of investing in support service providers.
Eighty per cent of the financial sponsors that back support services expect to see an increase in competition from trade bidders, while 72 per cent expect the level of private equity investment in the sector
Zong, a mobile payment service used by online gaming and social networking websites, has completed a USD15m round of funding led by Matrix Partners.
Formerly a division of Echovox, Zong is now a standalone company headquartered in Palo Alto.
It will use the investment to accelerate the growth of its merchant network in US and international markets and expand its mobile carrier network.
Zong is the mobile payment provider for Facebook Credits, a new virtual currency platform being deployed across the Facebook network of over 400 million monthly active users.
Zong is the only mobile payments service that combines carrier
Stability is returning to the European mergers and acquisitions market in 2010, according to a study by CMS.
In the first European study to look at the M&A market before and after the collapse of Lehman Brothers, CMS draws on data from more than 750 M&A transactions in Europe.
Martin Mendelssohn (pictured), CMS Cameron McKenna corporate partner, says: "It clearly reflects the transition to a buyer’s market in 2007 and 2008. However, as more time passes following the Lehman Brothers insolvency there are now clear signs of a more balanced market for risk allocation between buyers and sellers."
The research
The value of European private equity deals in the first quarter of 2010 reached EUR10.5bn, a modest rise of 2.6 per cent from EUR10.3bn in the last quarter of 2009, but significantly above the EUR4bn of deals recorded in the Q1 2009.
In terms of volumes, the number of private equity-backed deals fell slightly to 226 in Q1 2010 from 235 deals in Q4 2009, according to the preliminary figures in the Q1 2010 unquote barometer published by Incisive Media and sponsored by Candover.
However, this is an improvement compared with the 217 deals re-corded during the same period last
Carne Global Financial Services, a business adviser to the asset management industry, has opened a New York office to complement its presence in Dublin, Dubai, Luxembourg, London, Geneva and the Cayman Islands.
Joe Hardiman, managing director, and Paul Bishop, director, will lead the US business.
Hardiman was previously global head of mutual fund products for American Express Bank with full responsibility for the international mutual fund business distributed in Europe, Asia and Latin America.
Bishop was previously director of offshore operations for American Express Bank and has over 16 years of mutual fund and alternative product experience. He was
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