CVC Capital Completes $700M Purchase of RiverStone Europe from Fairfax and appoints Chair
CVC Capital Partners (CVC) funds have completed the acquisition of RiverStone Europe from Fairfax Financial Holdings Limited (Fairfax) and OMERS, the pension plan for Ontario’s municipal employees. The RiverStone Europe Group will now operate under the name RiverStone International. The purchase price of the acquisition is approximately US$700 million. Fairfax also will be entitled to […]
Gen II Fund Services acquires Stone Pine Accounting Services
Gen II Fund Services (Gen II), an independent private equity fund administrator, has acquired Stone Pine Accounting Services (Stone Pine), a Denver-based provider of private equity fund administration, tax and investor services. Stone Pine provides tailored services to a variety of private equity fund structures. The addition further enhances Gen II’s service offerings, expands the […]
Prime Trust raises $64m in Series A funding
Prime Trust, a one-stop shop for financial infrastructure for fintechs, has closed a $64 million Series A funding round. The timing of the raise coincides with the firm having crossed $100 million in annual revenue-run rate and 250 million API calls per month from its B2B customers. This is the first institutional round of funding […]
Toscafund-backed LIQID announces €88m funding round and strategic partnership with LGT
LIQID, a European digital wealth manager for affluent private clients backed by Toscafund, has secured EUR88 million in a funding round led by LGT, the global private banking and asset management group owned by the Princely House of Liechtenstein. As part of the round, which also includes participation from existing investors, LGT will take a […]
Waystone secures significant growth investment from Montagu Private Equity
Waystone, a provider of institutional governance, risk and compliance services to the asset management industry, has secured a significant investment from Montagu Private Equity. The investment represents a significant opportunity for Waystone to build upon its current expansion plans and continue to invest in offering its clients an extensive set of global solutions. The investment, […]
Genstar Capital to acquire majority stake in Foreside Financial Group from Lovell Minnick Partners
Genstar Capital (Genstar), a private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials, and software industries, is to acquire a majority stake in Foreside Financial Group (Foreside), from Lovell Minnick Partners (LMP). Foreside provides a robust offering of distribution solutions and governance, risk management and compliance (GRC) solutions to […]
FTV Capital makes $100m Series A investment in LoanPro
LoanPro, a SaaS-based loan management, servicing and collections platform for alternative, fintech and traditional lenders, has raised a $100 million growth equity investment from FTV Capital, a sector-focused growth equity investor in innovative enterprise technology and services, financial services, and payments and transaction processing companies. Through this capital raise, LoanPro will enhance its platform functionality, […]
VCM Global Asset Management Invests $30m in MillTechFX
VCM Global Asset Management (VCM) has made a $30 million investment in MillTechFX, the fintech arm of the Millennium Global Group, to accelerate disruption of the world’s USD6 trillion a day Forex market. VCM is buying a significant stake after its private equity arm found itself paying steep FX transaction fees on a recent multifamily […]
BGF successfully exits investment in Cennox
BGF has exited its investment in Cennox – a provider of services to the ATM sector. The business has been acquired by US-based investment firm, York Capital. BGF first invested £3 million in Cennox in June 2012 and subsequently put in three follow-on rounds into the business, taking total investment to £17 million. BGF’s investment […]
