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Spigit, provider of a leading innovation management platform for enterprise, has received a USD10 million equity investment from Warburg Pincus, a global private equity firm.
Spigit will use the growth capital to continue to build on its strong customer base, expanding its product development, and sales and marketing efforts.
"We are very excited to have Warburg Pincus on board as we work to position Spigit for expansion on a global scale," said Paul Pluschkell, CEO and Founder of Spigit. "As a worldwide leader in identifying and supporting the growth of exceptional businesses, Warburg Pincus’ investment is an important milestone in
Global buyout firm Advent International Corporation has announced the official closing of its tender offer for the outstanding shares of common stock of Charlotte Russe Holding, a specialty retailer of fashion for young women.
The offer by Advent’s acquisition vehicle, Advent CR Holdings, Inc. and its wholly-owned subsidiary, Advent CR, Inc, includes the associated preferred stock purchase rights of Charlotte Russe.
Mellon Investor Services LLC, the depositary for the tender offer, has advised Advent that, as of the expiration of the subsequent offering period at midnight, New York City Time, at the end of the day on Tuesday, October 13,
Sue Davenport, CEO of Matrix Private Equity backed Pasta King has been crowned ‘Woman Chief Executive Officer of the Year’ at the inaugural British Venture Capital Association’s (BVCA) ‘CEO of the Year Awards.’
South-West based Pasta King, has achieved very strong growth following Matrix’s backing, with turnover increasing 35% in the past two years.
Since joining the company in 2003, Davenport has been instrumental in driving business development into new sectors by implementing a strategic sales and marketing plan that helped reposition the company to caterers as a credible and key player in the healthy meals market. She completed the
An investor consortium including affiliates of Kohlberg Kravis Roberts, Government of Singapore Investment Corporation and China International Capital Corporation have made an investment of USD160m for a significant minority stake in International Far Eastern Leasing Company.
Far Eastern is a provider of financial leasing in China and a subsidiary of Sinochem Group.
The investment will support Far Eastern’s future growth as it moves to capitalise on the attractive potential in the underdeveloped financial leasing space in China.
Sinochem is retaining a controlling stake in Far Eastern.
“We are very excited to have world-class investors, including KKR as the lead investor,
HarbourVest Global Private Equity, a closed-end investment company listed on Euronext Amsterdam, had an estimated NAV of USD656m or USD7.90 per share at 30 September 2009.
This represents a 0.9 per cent increase from the 31 August 2009 estimated NAV per share of USD7.83.
This increase resulted primarily from increases in the value of publicly-traded holdings to 30 September (approximately USD0.06 per share) and foreign currency movement related to non-US dollar-denominated holdings (USD0.03 per share). These gains were partially offset by ongoing operating expenses (USD0.02 per share).
During September, HVPE did not make any new commitments or purchase additional interests
Berkshire Partners, a Boston-based private equity firm, has signed a definitive agreement to make an equity investment in Grocery Outlet, a grocery retailer with over 135 stores in the Western US.
Terms of the transaction were not disclosed.
Headquartered in Berkeley, California, Grocery Outlet is a third-generation family-owned business that was founded in 1946 by Jim Read. Today the company is led by co-chief executive officers MacGregor Read and Eric Lindberg.
Grocery Outlet is able to offer brand name products up to 60 per cent below traditional retailers by purchasing discounted surplus inventory directly from more than 2,500 grocery manufacturers.
In an environment where efficient and cost-effective access to research is more important than ever, investment managers around the world are turning to TheMarkets.com for a comprehensive research and estimates platform designed to simplify and speed buy-side workflow.
TheMarkets.com offers a range of products designed to save asset managers time and money, providing high-quality equity and fixed-income research, alerts that also include filings and news headlines, and analysis of research activities and programmes. It also delivers estimates covering thousands of companies worldwide as well as applications that help clients use and manipulate estimates data, and broker relationship management tools.
The
DN Capital’s portfolio company Shazam, a mobile music discovery provider, has received an investment from Kleiner Perkins Caufield & Byers.
This investment is one of the few by KPCB into a European technology company. KPCB has assisted digital consumer businesses such as Google and Amazon.
Shazam says that 50 million people around the world have now used the service, an increase of 15 million users since February this year. The service is now live in more than 150 countries.
DN Capital has worked closely with Shazam through this period of growth, and has been a key supporter of
Some 84 per cent of institutional investment managers expect corporate earnings to increase in the coming quarter and 84 per cent believe that global growth will accelerate in the next six months, according to a poll by Northern Trust Global Advisors.
The NTGA survey showed the most optimistic economic expectations from investment managers since the quarterly poll was begun a year ago. But managers, still hesitant to call a buoyant V-shaped recovery, see potential fragility in the system.
Three-quarters (76 per cent) of survey respondents expect interest rates to hold steady, reflecting a view that central banks will be hesitant
Investor demand for Ucits funds continues to strengthen, with net Ucits sales of EUR36m in August, according to the European Fund and Asset Management Association.
From January to August 2009 total net sales of Ucits reached EUR128bn.
Long-term Ucits (excluding money market funds) increased their net sales to EUR32bn in August, reflecting net inflows into equity, bond and balanced funds.
Money market funds also attracted positive net inflows (EUR4bn) in August, albeit at a slower rate than in July (EUR11bn).
Special funds reserved for institutional investors continued to attract net inflows in August of EUR3bn.
Total assets of Ucits and
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