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Phoenix American, a transfer agent and fund administrator for alternative investment sponsors, and Forge Trust, a provider of custody services for alternative investments, have announced a partnership to make it easier for IRA account holders to invest in alternative assets.  Forge Trust provides custody services with preferred pricing and a streamlined integrated experience to clients of Phoenix American. The partnership will enable Phoenix American client sponsors/issuers to offer their investors access to custody services for their qualified investment funds at rates that greatly reduce the typical effect custody costs have on net investment returns. Investors will also benefit from Forge
Private equity (PE) firms spend millions annually with law firms to manage high-end legal matters such as fundraising, merger and acquisition (M&A) transactions and litigation – but not all private capital firms are effective at managing those costs.  That’s according to a new report by Apperio titled, Scale vs agility in private equity: Mid-sized PE firms are edging out their larger competitors with better management of legal expenses. While large PE firms, which this report classifies as those with greater than USD10 billion in assets under management (AUM), glean some benefit from their volume of spending on legal services, the
Schroders has united its specialist private assets investment capabilities under the newly launched Schroders Capital brand, created to deliver an enhanced service for our clients.   Growing Schroders private assets capabilities continues to be a key strategic focus for the business. This has been achieved so far through a combination of organic growth and specialist acquisitions. Schroders Capital will encompass the existing range of private equity, securitised products and asset-based finance, private debt, real estate, infrastructure, insurance-linked securities and BlueOrchard (impact specialist). In light of its significant role shaping the impact investing industry over the last 20 years, BlueOrchard will
airfocus, the world’s first modular product management platform, has raised USD5 million in series A funding, led by XAnge with participation from Nauta Capital. 
GRANT Thornton UK’s Corporate Finance team has advised Milton Keynes-based software company, Celaton on an investment deal with serial investor and technology entrepreneur, Vin Murria OBE. Founded in 2004 by Andrew Anderson and Gary Grant, Celaton’s Intelligent Document Processing platform, inSTREAM, delivers consistent and measurable business technologies to processes such as accounts payable, sales order processing, customer correspondence and claims.   The company, which has a team of more than 20, has a number of bluechip customers including e-commerce brand ASOS, retailer Dixons Carphone, telecoms group TalkTalk and consulting firm Capgemini.   Delivered as software as service, inSTREAM comprises multiple
Foresight Group (Foresight), a UK-listed infrastructure and specialist regional private equity investment manager, has agreed the conditional sale of Ixaris Group Holdings Limited (Ixaris), a specialist in travel payment technology, to Nium Pte Limited (Nium), a global B2B payments platform based in Singapore. Ixaris’ main product is a pre-paid debit card providing flexible funding and payment methods. It was the first to be introduced across Europe in 2003 and revolutionised the travel payments industry. Ixaris has clients in over 50 countries, ranging from the World’s largest travel brands to independent travel agencies. Its products enable clients to manage spend and
Funds advised by IK Investment Partners (IK) are to invests in Mecenat Holding AB Mecenat. Financial terms of the transaction have not been disclosed. Mecenat is a marketing technology company which promotes unique discounts to its community of students and young professionals. The Company is headquartered in Gothenburg and operates across Sweden with over 4,500 vendors offering discounts and deals to more than 1.2 million students and recent graduates.   The Company was founded in 1998 by its CEO Jonas Levin and has pioneered the Swedish student discount market. The platform provides special offers across a range of products and
Oakley Capital’ sOakley Capital Origin Fund (Origin Fund) has acquired controlling stakes in Afterbuy and DreamRobot, two providers of e-commerce software in the German-speaking region, which will be combined to become the newly formed ECOMMERCE ONE Group. The two companies provide a comprehensive suite of Software as a Service (SaaS) solutions for small to mid-sized online merchants selling their products through web shops and online marketplaces, such as Amazon or eBay. The platform enables its users to manage and automate difficult, manual and time-critical processes, such as multi-channel product listing, data collection and stock management. Together, more than EUR50 billion of
KKR, a global investment firm, and Ensono, a leading hybrid IT services provider, have closed the previously announced acquisition of Ensono by KKR. Ensono provides a comprehensive suite of services that help enterprises manage, optimise and modernise their IT systems across mainframe, cloud and hybrid infrastructure.  “Joining the KKR family strengthens our position as a leading managed service provider and enables us to grow and drive innovation to meet the changing needs of our clients,” says Jeff VonDeylen, CEO of Ensono. “We have a great partner in KKR who shares our values, our vision, and is committed to our success.” 
Fintech
Uruguayan fintech payments company dLocal, the country’s first unicorn, has raised USD617.65 million in its initial public offering, which started trading on Thursday on the Nasdaq under the symbol ‘DLO’.  Of the shares sold, close to 4.4 million were by dLOcal and 25 million by its existing investors. JP Morgan, Goldman Sachs, Citigroup and Morgan Stanley were the lead underwriters for the IPO.  Led by its 30-year-old CEO Sebastián Kanovich and headquartered in Uruguay, dLocal is the first unicorn to come out of one of South America’s smallest countries. Kanovich is a pioneer in the EM payments space, having spun off dLocal from AstroPay in January 2016.  The startup, whose high-profile backers include General

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