Solutions
Taussig Capital has acquired all of the voting shares of Spencer Re I I, an International Insurance Company founded in 2006 and licensed in Puerto Rico.
Joseph Taussig, CEO of Taussig Capital, founded Spencer Re 16 years ago and served as its chairman until 2014. The company is being re-branded as Taussig Capital Re and will offer reinsurance to primary insurers and reinsurers looking to optimise their reinsurance programs and access non-traditional sources of insurance capital.
Taussig Capital Re is able to segregate pools of assets and liabilities, creating unique opportunities for exposure to a broad spectrum of insurable risks
Primer has closed a Series B funding round that values the payments infrastructure startup at USD425 million only 20 months after being founded.
The USD50 million Series B fundraise was led by ICONIQ Growth, a San Francisco based investment firm that has backed global tech companies such as Adyen and Marqeta to Snowflake and Datadog. Existing investors, including Accel, Balderton Capital, Seedcamp, Speedinvest, and RTP Global all participated in the round.
Primer, which was founded in early 2020 by ex-Paypal/Braintree employees and employs more than 70 people across 20 countries, has built the world’s first automation platform for payments.
Roy
Orgnostic, a people analytics platform helping fast-growing companies to democratise people analytics, has raised USD5 million in funding.
The seed round was led by Earlybird Digital East, and includes participation from a roster of impressive investors, including Script Capital and angel investors including Eric Ries and Tiho Bajic of Lean Startup and LTSE, Rony Kahan of Indeed, and Charlie Songhurst of Microsoft. This is in addition to previous investment from South Central Ventures.
In recent years, a huge number of different tools have been made available to HR professionals each focusing on different elements of the people management stack.
Calculus portfolio company, CloudTrade, has been acquired by Advanced, a provider of business software, delivering a four-times return to Calculus investors in just over three years.
The CloudTrade platform, which automatically processes and interprets electronic documents, is primarily used to automate invoice handling for large companies, which saves time, improves accuracy and reduces cost. Calculus invested, from its EIS and VCT funds, in July 2018, having been impressed by the patented technology, strong management team and large addressable market. During the investment period the company’s revenues have grown significantly, and multiple new partnerships and contracts have been won.
Richard
FDH Aero (FDH), an aerospace and defence products distributor serving aircraft production and aftermarket supply chains, has acquired Stealth Aerospace (Stealth).
Stealth Aerospace, founded in 1995, is a stocking distributor of aerospace electrical and electro-mechanical components including relays, switches, connectors, lamps, avionic components, latches, wire & cable and other electrical products to the airlines and aerospace industry worldwide. Based in Southern California, Stealth brings to FDH a leader in the US commercial and cargo aerospace aftermarket, strengthening FDH’s ability to serve its global aftermarket customer base.
“Alon and the Stealth team have built a remarkable business servicing many of the
Alternative investment platform CAIS is working with the Milken Institute to provide expanded access by wealth managers to educational content from the 24th annual Milken Institute Global Conference, taking place October 17-20 in Beverly Hills, California.
This year’s Milken Institute Global Conference is centred on the theme “Charting a New Course,” and will examine the disruptions and innovations precipitated by the global pandemic, as well as ensuing social crises and economic hardships, can be reframed for a thriving future.
CAIS Founder and CEO Matt Brown will moderate a private session on “The Future of Wealth Management” at the conference discussing
Borrower wellbeing app, ilumoni has officially launched and is now available to download on Android and iOS devices.
The app, which has received GBP1.63 million in investment since inception and gained FCA authorisation earlier this year, has successfully completed its Beta testing and is now available to the wider market.
The free to use, AI-driven app helps its users to understand and manage their borrowing in four simple steps. It asks users to set their priorities and brings together financial information from credit reports, credit cards, personal loans, mortgages, and bank accounts to give users visibility of
Clearlake Capital Group has completed its acquisition of Cornerstone OnDemand, a specialist leader in talent management software.
The acquisition was previously announced on 5 August, 2021, and was approved by Cornerstone OnDemand shareholders on 12 October, 2021. Under the terms of the agreement, Clearlake has acquired the outstanding shares of Cornerstone common stock for USD57.50 per share in cash. As a result of the transaction, Cornerstone is now a privately held company and shares of Cornerstone common stock are no longer listed on the public market.
The acquisition combines Cornerstone’s product and industry leadership with Clearlake’s proven software investment experience
PGIM Private Capital provided a USD65.0 million Senior Secured Credit Facility consisting of a USD50.0 million Senior Secured First Lien Term Loan and a USD15.0 million committed Delayed Draw Term Loan to ED&F Man Capital Markets US Holdings, Inc, a global financial brokerage business.
“We are pleased to provide funding to ED&F Man Capital Markets to provide strategic financing for the business as they pursue the next phase of growth. Our experience with similar financings in this sector introduced us to the opportunity to work with the Firm’s management team, forming a strong, direct partnership. Our relationship-oriented approach is reflected
Main Capital Partners (Main) has successfully completed the sale of financial software provider b+m Group to German technology investor LEA Partners, representing its first divestment in the DACH region.
Main Capital initially acquired b+m from publicly listed Allgeier SE in 2015. During their six year partnership, Main and b+m have successfully more than tripled recurring revenues, while also significantly increasing profitability. The b+m team has also expanded from approximately 90 to nearly 150 employees over the period.
Headquartered near Kiel in Germany, b+m Group develops software solutions for banks and insurance companies as a full-service provider of innovative products to
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
