Solium Capital, a provider of cloud-enabled software and services for equity administration, financial reporting and compliance, is to acquire OptionEase, a provider of applications for fair-market-value accounting and compliance in the United States. The transaction is expected to close in November 2012. The completion of the transaction is subject to customary closing conditions.
3 min read · 09 October 2012
HitecVision has sold Norwegian offshore oil and gas broadband operator Tampnet to EQT Infrastructure for around NOK 1.5 billion ($0.3 billion). Established in 2001, the company is headquartered in Stavanger, Norway.
3 min read · 09 October 2012
Private asset manager Capital Dynamics has acquired a 26-megawatt portfolio of gas-fired power plants from UK Coal. The portfolio consists of four sites located in North Yorkshire and the East Midlands that recover waste mine methane and convert it to electricity, which is sold under long-term sales contracts with both UK Coal and other major UK energy suppliers.
3 min read · 09 October 2012
Pan-emerging markets private equity firm Actis has closed its second African real estate fund, Actis Africa Real Estate 2, with total commitments of $278 million. The fund will focus on retail and office developments in East, West and Southern Africa, excluding South Africa.
3 min read · 09 October 2012
Altium Capital has expanded its M&A practice with debt advisory and financial restructuring services. Norbert Schmitz and Johannes Schmittat will be building up the new debt advisory and financial restructuring practice in Europe.
2 min read · 09 October 2012
This morning's First Read brings you the latest venture deals, what ten big brands have plummeted in value and a McKinsey report predicting more doom and gloom for world banking.
1 min read · 09 October 2012
Microsoft has acquired PhoneFactor. Founded in 2001, PhoneFactor is a multifactor authentication solutions business.
2 min read · 08 October 2012
Atlanta-based BIP Opportunities Fund LP is taking a minority interest in the Pan Asian fast casual chain Tin Drum Asiacafe. The investment in Tin Drum, also based in Atlanta, will provide capital to fuel the brand’s expansion strategy announced in early 2012.
2 min read · 08 October 2012
Arqaam Capital, an emerging markets investment bank is acquiring Al Rashad Finance and Management Advisory JSC. The purchase agreement includes the business, operations and financial services licence of Rashad.
3 min read · 08 October 2012
Yishan Capital Partners, a real estate investment and asset management firm focused on Southeast Asia has formed two strategic joint ventures with local partners in Indonesia, offering specialized platforms to invest and manage properties in the country. Yishan Capital Partners, which has been operating in Southeast Asia since 2011 with offices in Singapore and Jakarta, sponsors and manages collective investment schemes in the form of closed-end funds and joint ventures for institutional investors and family offices.
2 min read · 08 October 2012
