Invest Nebraska has participated in a $3,000,000 mezzanine financing in Omaha-based Lodo Software, a provider of digital banking solutions. The investment was led by Invest Nebraska and Treetop Ventures. The proceeds from the financing will be used for sales and marketing efforts, development of new product features, and working capital.
2 min read · 27 November 2013
For your midweek morning news update, First Read brings you the latest on PE's dry powder, some tips for the Hong Kong government and Silicon Valley partying like it's 1999 again.
1 min read · 27 November 2013
R Capital Management, a subsidiary of the Rothschild group, is becoming independent under the name Keensight Capital. The Keensight Capital team, led by Jean-Michel Beghin, Jérôme Pujol and Pierre Rémy will execute the same strategy it has pursued throughout the years. Since its creation 15 years ago, the team has invested in 35 companies and carried out 25 exits.
2 min read · 26 November 2013
ConvergEx Group, a provider of global brokerage and trading‐related services, has appointed Eric W. Noll, a veteran securities industry leader, as president. He will succeed current CEO, Joseph M. Velli, who will continue to serve on the ConvergEx group board.
4 min read · 26 November 2013
Altium has hired Christopher Jones as a managing director in its London office. Jones joins from Livingstone Partners where he led the consumer sector team.
3 min read · 26 November 2013
An investment consortium led by The Witkoff Group and majority backer Jynwel Capital and its investors have closed on the acquisition of the Helmsley Park Lane Hotel at 36 Central Park South for $660 million. Other consortium partners include New Valley, Highgate Holdings and Macklowe Properties.
3 min read · 26 November 2013
TA Associates has completed a majority investment in Accruent, a provider of real estate and facilities management software solutions. Existing investor Vista Equity Partners will retain a significant ownership position. Additional terms of the investment were not disclosed.
4 min read · 26 November 2013
TriNet, a provider of a comprehensive human resources solution for small to medium-sized businesses, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of its common stock. General Atlantic is a backer of the company.
2 min read · 26 November 2013
Kingsoft Office Software has secured a $50 million capital investment from Morningside Capital, GGV Capital and Shunwei China Internet Fund. In addition, Morningside and GGV will join Kingsoft Office's board of directors and will play an active role in developing Kingsoft Office's global strategy.
2 min read · 26 November 2013
Protection solutions business Ansell Limited is to acquire BarrierSafe Solutions International, a provider of single-use gloves, for a total consideration of approximately US$615 million from Odyssey Investment Partners and others. Founded in 1987, BarrierSafe has sales of approximately US$290 million per annum.
5 min read · 26 November 2013
