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Funding Circle, one of the UK’s largest small business lending platforms, and Bayview Asset Management (Bayview), an investment management firm headquartered in Coral Gables, Florida, has formed a new lending partnership that is targeting the provision of £700 million funding to small businesses over an 18 month period.
This partnership will see Bayview support thousands of UK SMEs by leveraging Funding Circle’s technology and distribution platform. Funding Circle’s powerful credit models — driven by a decade of technology and data investment — will provide Bayview with a highly efficient and cost-effective mechanism to deploy capital to the real economy.
Funding
Clayton, Dubilier & Rice has held the initial closing of its latest private equity fund with around $10 billion in capital commitments, according to a report by Private Equity News.
Crypto tax reporting app Binocs has raised $4m in a seed funding round led by BEENEXT and Arkam. Accel, Saison Capital, Premji Invest, Blume and Better Capital also participated in the round with the funds set to be used to expand Binocs’ offering to institutional crypto investors and enter geographies like the US, UK, Australia etc.
Founded in May 2022 by Tonmoy Shingal and Pankaj Garg, Binocs helps retail crypto investors to adapt and evolve to the ever-changing dynamics of the crypto market by simplifying their accounting, taxation, compliances and helping them stay on top of their portfolios. The app is
Private equity firms are expected to rapidly accelerate their divestment from fossil fuel assets over the next 12 months in response to a tightening regulatory climate and increased demand from institutional investors to pivot to renewable energy assets.
That’s according to a new study by Auxadi, a provider of accounting, tax and payroll services to private equity and real estate fund managers and multinationals. The research ‘Private Equity: navigating challenges and opportunities in the new geopolitical climate’, was based on interviews with 100 senior-level private equity investors based in the UK, Continental Europe and North America with average assets under
African Infrastructure Investment Managers (AIIM), one of Africa’s largest infrastructure-focused private equity fund managers, has made a substantial additional equity and preference share investment totalling approximately $73 million to support the merger of existing portfolio company Starsight Energy with South Africa-based solar firm, SolarAfrica Energy.
The newly combined strength of Starsight Energy and SolarAfrica will make it one of the continent’s most dominant solar players – a genuine pan-African provider of competitive, full-service renewable energy and energy efficiency solutions to the continent’s commercial and industrial (C&I) sectors.
AIIM recently pledged to increase its pipeline of renewable energy investments in
Adams Street Partners, a private markets investment firm with $50 billion in assets under management, has launched its Private Credit platform in Europe with the appointment of James Charalambides as Partner & Head of the European Private Credit team.
Charalambides will be responsible for leading and managing the firm’s private credit-related efforts in Europe and supporting all aspects of the decision-making process – including sourcing, structuring, reviewing, and negotiating deal opportunities in this space. Charalambides will report to Bill Sacher, Partner & Head of Private Credit at Adams Street.
Since launching its inaugural private credit platform in 2016, Adams
17Capital, a provider of strategic financing for investors in private equity, has promoted Raj Shah to the role of Chief Financial Officer, effective 1 October 2022. Shah has been in the financial team since 2012, working closely with the current CFO, Oliver Pritchard, who will be staying with 17Capital and moving into the role of Chief Compliance Officer.
Pritchard has held the role of CFO since 2010 and has been integral to the business, having worked on Funds II through to V and on 17Capital’s first Credit fund. Prior to joining 17Capital, Pritchard held senior roles at Mourant Group’s alternative assets
Singapore-based catering and gateway services provider SATS is in ongoing discussions to buy Cerberus-backed air cargo handler Worldwide Flight Services.
Global online betting operator PlayUp has entered into a business combination agreement with SPAC company IG Acquisition Corp to list on NASDAQ via a newly-formed Irish company at a $350 million value.
Founded in 2014, PlayUp builds its own integrated technology platform where consumers can engage in various forms of betting, including daily fantasy, sports betting, slots, table games, casino games, Esports, lottery and sweepstakes.
PlayUp’s gross revenue has grown 56% year-on-year as of June 30.
After almost two years of looking at a vast number of industry players, the IGAC team concluded that PlayUp was the company most likely
Mega-buyout deals are becoming increasing difficult to execute due to problems in “getting the equity”, according to Orlando Bravo, the billionaire co-founder of software and tech-focused private equity investment firm Thoma Bravo.
A report by BNN Bloomberg cites an interview with Bravo on the sidelines of this week’s IPEM private capital conference on Cannes, France, during which he highlighted the issues including monetary tightening on the part of the US Federal Reserve and other central banks leading to increased borrowing costs, and falling equity values making it more difficult for buyers and sellers to agree on deal prices.
According to
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