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A&J Venture Capital Group says it plans to open offices in the US and Hong Kong.
The company has also launched its website.
Chief executive Andreas Klimm says: "We are very close to securing locations in the US and Hong Kong to open offices to expand our business operations which we feel would bring added support and interest from the investment community.
"We are also very pleased to launch our company website and would like to welcome interested investors to visit us at www.ajvcap.com as we begin to execute our business plan.
"We have received an explosion of interest from
Parthenon Capital Partners, a private equity firm with offices in San Francisco and Boston, has completed an investment in loanDepot, an online consumer direct mortgage origination company based in Irvine, California.
The purpose of the investment is to provide the necessary growth capital for the company to secure warehouse funding and to continue to develop the leading origination platform in the industry.
loanDepot is led by industry veteran and chief executive officer Anthony Hsieh, a pioneer in the mortgage industry who previously built two mortgage businesses, LoansDirect and Home Loan Center. Hsieh co-invested alongside Parthenon in the transaction.
“We greatly
General Atlantic, a global growth equity firm, has appointed former Visa president Hans Morris as a special adviser.
Morris will provide strategic counsel to General Atlantic and its portfolio companies with a focus on the financial services sector, supporting the firm’s global growth equity investment programme.
Founded in 1980, General Atlantic is an active global growth investor which identifies, invests and supports growth companies in the US, Latin America, Europe and Asia, including current and prior investments in several financial services firms.
General Atlantic is co-leading the recently announced purchase of First Republic Bank from Bank of America, a
Atlantic-Pacific Capital, a global placement agent for alternative investment funds, has held the final close of Riverside Fund IV, a USD406m lower middle market buyout fund.
Fund IV was significantly oversubscribed and exceeded Riverside Partners’ initial target of USD325m when the fund was launched in April 2009.
Fund IV received support from almost all existing institutional investors while also attracting a number of new partners including state and corporate pension plans, foundations, consultants, and European investors.
Atlantic-Pacific Capital acted as the exclusive global placement agent and financial adviser.
Fund IV will continue Riverside’s focus on control investments in established lower
SpeedTax, a provider of Software-as-a-Service automated sales tax management solutions, has secured a round of private equity funding from Committed Capital, an international private equity and advisory firm with offices in London and Sydney.
The new funding round represents the largest private equity investment in SpeedTax to date.
“Demand for sales tax automation tools has been building consistently for several years, and certainly since the first investment round by Committed Capital,” says David Hearn, chief executive of Committed Capital.
“In tandem, the industry is maturing rapidly due to efforts by states to increase revenues from sales tax collection, and from
WHEB Ventures, a European clean technology venture capital firm, has invested in the home energy management company PassivSystems.
Established in 2008 and headquartered in the UK, PassivSystems is developing the new PassivEnergy home energy management system.
Without forcing energy consumers to change their lifestyles, Passiv’s system monitors and automatically optimises energy consumption in the home including heating, hot water and electrical appliances.
PassivSystems is using this first round of external finance to establish a major commercial partnership and launch its first commercial product in early 2010.
James McNaught-Davis (pictured), managing partner at WHEB Ventures, says: “We are delighted to
Berkery Noyes has advised Tradeware Global in its sale to SS&C Technologies.
The acquisition of Tradeware Global expands SS&C’s electronic trading offering in the broker/dealer market on a global basis.
The acquisition adds approximately 250 clients and 60 staff based in New York and London to SS&C’s global capabilities.
Tradeware currently provides services to brokers and institutions in 82 countries around the world. The company specialises in flexible financial information exchange-based equity order management systems, FIX connectivity solutions and full front-to-back office integration and compliance reporting services.
"This is an exciting milestone for our company, and we look forward to
The UK saw a 24.5 per cent decrease in UK mergers and acquisitions and equity capital market transactions announced during 2009, according to data from Experian.
In the UK there were 4,269 deals announced in 2009 compared to 5,656 in 2008. GBP272.6bn worth of transactions were announced in the UK in the year, up by 0.22 per cent on 2008.
There were 8.4 per cent fewer deals announced during Q4 2009 compared to Q3 2009. Deal volumes decreased from 1,098 transactions in Q3 to 1,006 in Q4.
JP Morgan Chase announced the most UK deals in 2009, advising on 82
Berkshire Partners, a Boston-based private equity firm, has appointed Joshua A. Lutzker as a managing director.
He joins the 11 current managing directors of Berkshire in managing the firm and its affiliated investment funds.
Lutzker originally joined Berkshire Partners in 1998 as an associate and returned to Berkshire in 2002 after graduating from business school. He has worked closely with a number of Berkshire’s consumer products and retailing companies.
Lutzker started his career as an associate consultant at Bain.
Merger and acquisition deal value and volume fell 27 per cent in 2009, but the end of the year showed signs that the recession is coming to an end and M&A is starting to pick up, according to a report by mergermarket.
The last quarter of 2009 was the best quarter in value terms since the third quarter of 2008.
With 2,523 announced deals valued at USD626.8bn, the quarter saw an increase of 35 per cent over the same period in 2008 and 90 per cent compared to the previous quarter.
The quarter was also the biggest by value ever
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