Private Equity Wire Newsletter

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NEWSLETTER | 15 Dec 2020

Tue | 15 Dec 2020, 11:29

By Terry Gallagher (pictured), EVP, Director of Fund Accounting & Administration, UMB Fund Services – When private equity managers decide to adapt an existing strategy from a partnership to a registered-fund structure, they may run into roadblocks – and wish they had considered some key issues earlier in the process. Below are the most common issues, based on my work on fund-formation with private fund managers.

Luminate Capital sells Comply365

Tue | 15 Dec 2020, 11:29

Luminate Capital Partners, a private equity firm investing in growth software companies, has sold Comply365, a global provider of operational content and compliance management solutions supporting the aerospace and rail industries, to Liberty Hall Capital Partners.

Tue | 15 Dec 2020, 11:29

Global Ventures, a UAE-based venture capital firm, has partnered with Capria Ventures (Capria), a Seattle-based global investment fund-of-funds.

FSN Capital to invest in Obton Group

Tue | 15 Dec 2020, 11:29

FSN Capital has signed an agreement to acquire a 45 per cent stake in Obton Group and enter into a partnership with the founders and management. Obton Group is a specialised alternative investment provider developing, structuring, and managing solar photovoltaic “solar PV” projects on-behalf of high net worth investors.

FORM.com acquires GoSpotCheck

Tue | 15 Dec 2020, 11:29

FORM.com, a global leader in mobile data collection, has acquired GoSpotCheck, a provider of mobile task management and image recognition software, in a carveout.

Tue | 15 Dec 2020, 11:29

Crestbridge is to acquire New Jersey based Ovation Fund Services, a provider of fund administration, accounting and reporting services to US domestic private equity and real estate funds.

Kinimica secures GBP3.9m investment

Tue | 15 Dec 2020, 11:29

Alderley Park-based proteomic-data science and diagnostics company, Kinomica, has secured GBP3.9 million in funding for pioneering technology that could prove integral to the development of new drug treatments.

Tue | 15 Dec 2020, 11:29

German venture capital investor MIG AG's MIG Fonds 8 und 16 has invested in GBS German Bionic Systems, Augsburg, Germany, in a Series A financing.

Tue | 15 Dec 2020, 11:29

Industry veterans Jorge R de Cardenas, Scott A Merriam and Aaron M Bernstein have launched TrustServe - a new private equity, venture capital and real estate fund administration business based in Miami, Florida.