Standard Life's global investment management business Standard Life Investments has entered into an agreement with a subsidiary of Phoenix Group Holdings to acquire its asset management business, Ignis Asset Management Limited. The combined business will offer a full range of investment solutions, including active management for institutional and wholesale clients, discretionary wealth management for high net worth private clients and outcome orientated products for maturing pension schemes and insurance companies.
7 min read · 26 March 2014
LanzaTech has secured Series D funding led by Mitsui & Co and also new investors Siemens via its venture capital unit and CICC Growth Capital Fund I. Existing investors include Khosla Ventures, Qiming Venture Partners, K1W1 and the Malaysian Life Sciences Capital Fund. LanzaTech is a gas fermentation technology business founded in New Zealand and headquartered in the US.
5 min read · 26 March 2014
Lime Rock Resources, acquirers and operators of producing oil and gas properties in the US has announced three promotions. Tim Miller is executive vice president of operations and chief operating officer; Chris Butta is now senior vice president of engineering and chief engineer and Morrow Evans is now senior vice president of finance and chief financial officer.
2 min read · 26 March 2014
National Response Corporation, a portfolio company of J.F. Lehman & Company has acquired Specialized Response Solutions. Headquartered in Great River, NY, NRC is a commercial provider of United States Oil Pollution Act of 1990 regulatory compliance and emergency response services.
2 min read · 26 March 2014
Next Wave Partners has announced the $45 million refinancing of Petainer Group with Qatar investment bank QInvest. Petainer is a manufacturer of large containers and refillable PET packaging.
3 min read · 26 March 2014
Growth capital investor Oxford Capital has led a major funding round for Linkdex. Oxford Capital joins existing investor Amadeus Capital which backed the business from an early stage. Based in London and New York Linkdex is a web-based, enterprise platform for search engine optimisation (SEO), PR, social, content marketing and business intelligence.
3 min read · 26 March 2014
Quad-C Management has sold portfolio company Cloverhill Bakery to Switzerland-based global food business ARYZTA AG. Founded in 1961 and headquartered in Chicago, Illinois, the business is a manufacturer of individually wrapped sweet baked goods.
3 min read · 26 March 2014
Chinese fresh fruit shopping site Fruitday.com has completed a new round of financing led by ClearVue Partners. SIG Asia Investments also participated in this round of financing.
4 min read · 26 March 2014
Here's the latest midweek news including AEA Investors' mezzanine fund close, what it takes to be an angel investor and Carlyle looking buy a traditional asset manager.
1 min read · 26 March 2014
Payward has completed a $5 million Series A round of funding for its Kraken division, an online exchange for Bitcoin, Ripple, Litecoin, Namecoin, Dogecoin, Ven and other digital currencies. The Series A round was led by Hummingbird Ventures.
2 min read · 25 March 2014
