Phatisa’s agriculture fund invests in Kenya’s General Plastics-Reuters

(Reuters) – Phatisa‘s $246 million African Agriculture Fund has invested in General Plastics, a Kenyan manufacturer of packaging products, the private equity firm said on Wednesday. Private equity activity is increasing in Africa where investors are keen to tap into expanding free markets, rapid urbanisation and an increasingly wealthier population. The investment is the eighth for the company, bringing total commitments to more than $123 million, the private equity fund manager that invests throughout sub-Saharan Africa said in a statement without disclosing the value of its investment. The family-owned General Plastics makes packaging for food, beverage and agro-chemical companies around East Africa. Another private investment firm, Helios Investment Partners, said earlier in January it would close its third Africa-focused fund at $1.1 billion.

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Phatisa’s agriculture fund invests in Kenya’s General Plastics-Reuters

Beamonte funds Venture Academy

Beamonte Investments has made an undisclosed investment in Venture Academy. Based in Mexico City with offices in Boston, Venture Academy is an educational platform that teaches entrepreneurs how to raise funds. PRESS RELEASE Boston,MA (PRWEB) January 28, 2015 Beamonte Investments, along with is affiliate, Beamonte Mexico Holdings SAPI de CV (“Beamonte”), announced it has invested in Venture Academy, an educational platform for training entrepreneurs how to raise money through a four day intensive boot camp designed to provide attendees with the information, guidance, and advice to run their businesses. After the closing, Venture Academy will be a wholly owned by Beamonte. Based in Mexico City and with offices in Boston, MA Venture Academy was born from the idea that with the right information and guidance, any start-up can be successful. The path from business idea to business maturity can be long and difficult, with many uncertainties along the way. Most start-ups know where they want to go, but do not know hot to get there. They have a vision, but lack funding. When money from friends and family is not enough, outside capital is needed. Venture Capital firms see hundreds, if not thousands, of slide decks per year. Of these, only about 10% ever get a first meeting. A meeting with an institutional investor could be the make-or-break moment for any start-up. Knowing how to approach investors is critical to getting the capital entrepreneurs need to grow their businesses. “We notice a huge gap between entrepreneurs and private investment firms. We are the guys on the other side of the table, we know what wins and what loses; our goal is to build more bridges between entrepreneurs and investors,” said Claudia Yan, Manager at Venture Academy. Venture Academy will provide the knowledge and tools to ace this test.The boot camp consists of an intensive program divided in six modules, including management 101, valuations, term sheets, financing, immigration and more. Venture Academy plans to do multiple boot camps each year. Beamonte has an outstanding track record on Venture Capital in the United States, recently investing in Arthena and Nanostatisfi. They are eager to replicate the same success in emerging markets such as Mexico and Colombia. Luis F. Trevino, Senior Managing Director at Beamonte Investments commented, “There are talented and driven entrepreneurs with great ideas claiming there are no funds nor financial opportunities to develop their businesses. On the other hand, there are people like us, keen to find the next big project to invest, develop, and grow. The biggest obstacle to sealing a Venture Capital deal is a lack of sophistication during the negotiation process.” # # # # # # # Beamonte Investments is a single family office located in Boston, Massachusetts. Beamonte has been a pioneer in direct venture capital and private equity investments, credit alternatives, and activist investment campaigns, as well as a pioneer in cross border transactions with Latin America. Since its inception, the firm has executed, as principal and agent, over $5 billion USD in transactions. Venture Academy was born from the idea that with the right information and guidance, any start-up can be successful. The path from business idea to business maturity can be long and difficult, with many uncertainties along the way. Most start-ups know where they want to go, but do not know how to get there.

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Beamonte funds Venture Academy

Partners Group completes acquisition of airport passenger terminal

Partners Group along with partners in the Nieuport Aviation consortium have completed the acquisition of the passenger terminal at Billy Bishop Toronto City Airport. The investor consortium comprises Partners Group, InstarAGF Asset Management, Kilmer Van Nostrand and institutional investors advised by JP Morgan Asset Management. Billy Bishop is the ninth busiest airport in Canada and served 2.4 million passengers in 2014. Press Release Partners Group, the global private markets investment manager, together with its partners in the Nieuport Aviation consortium, has completed the acquisition of the passenger terminal at Billy Bishop Toronto City Airport (BBTCA) on behalf of its clients. The Nieuport Aviation consortium includes Partners Group, InstarAGF Asset Management, Kilmer Van Nostrand, and institutional investors advised by JP Morgan Asset Management. Nieuport Aviation encompasses long-term infrastructure owners and operators with a deep local presence, significant international expertise in managing aviation infrastructure, and a commitment to world-class client service. Nieuport Aviation has purchased the BBTCA terminal from Porter Aviation Holdings Inc. (PAHI), which has sold the asset in order to focus on its core airline business. BBTCA is the ninth busiest airport in Canada, serving 2.4 million passengers in 2014. The terminal is a state-of-the-art facility, newly constructed by PAHI subsidiary City Centre Terminal Corp. in 2010. The airport is a major economic engine for the Greater Toronto Area, generating approximately CAD 1.9 billion in total annual economic impact and supporting approximately 5’700 direct and indirect jobs. It is accessible to about 6.6 million residents within a one-hour drive. In 2013, Billy Bishop Airport was recognized by Skytrax as one of the world’s best small airports. Todd Bright, Managing Director and Head of Americas Private Infrastructure, Partners Group, states: “Billy Bishop Toronto City Airport is a highly attractive infrastructure asset in a stable market. Toronto is the financial capital of Canada and the airport’s close proximity to the business district means it is ideally positioned to continue attracting its share of the business travel market. With a number of value-enhancing initiatives already underway at the time of acquisition, we look forward to working with our consortium partners and local stakeholders to manage the terminal efficiently, safely and with a focus on passenger experience.” About Partners Group Partners Group is a global private markets investment management firm with over EUR 37 billion (over USD 40 billion) in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 700 people, is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of over CHF 6 billion (over USD 7 billion) and a major ownership by its partners and employees.

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Partners Group completes acquisition of airport passenger terminal

Sterling Partners sells GEM to Evergreen

Sterling Partners has sold its portfolio company GEM Mobile Treatment Services to Evergreen Industrial Services. No financial terms were disclosed. GEM provides various services for the petroleum, petrochemical, environmental and energy sectors. PRESS RELEASE CHICAGO and SIGNAL HILL, Calif., Jan. 27, 2015 /PRNewswire/ — Sterling Partners, a leading growth-oriented private equity firm with approximately $5 billion of assets under management, announced today the sale of its portfolio company GEM Mobile Treatment Services (GEM), a leading provider of engineered environmental remediation solutions for vapor control and wastewater treatment needs in the petroleum, petrochemical, environmental and energy industries, to Evergreen Industrial Services (Evergreen). Evergreen provides a comprehensive range of industrial cleaning services for oil refineries, petrochemical plants, power generation plants, manufacturing sites and mills. Financial details surrounding the transaction were not disclosed. “Since partnering with Sterling to scale our business, we’ve built GEM to be a market leader that provides critical engineered solutions to our customers,” said GEM founder and COO Paul Anderson. “We’re excited to continue serving our customers in partnership with Evergreen.” Anderson will assume leadership of GEM from Steve Ragiel, who has served as CEO since 2012. “Sterling’s capital investment, understanding of this niche market and experience working with founder-led businesses has enabled GEM’s management team to broaden the Company’s service offerings and expand into new markets,” Ragiel said. “Due to the unique solutions we offer and the strategic plan we’ve developed, GEM is positioned to keep growing under Paul’s leadership as it enters this next phase.” Founded in 1994, GEM provides innovative vapor and water processing and treatment technologies on either a mobile or fixed basis to solve routine or complex treatment projects that allow customers to meet or exceed environmental, regulatory and safety standards. “Sterling’s investment in GEM was consistent with our strategy of partnering with founders and backing innovative companies that provide high-quality services in growing industries,” said Mike Drai, Principal at Sterling Partners. Sterling formed its partnership with GEM in 2010, and worked closely with GEM’s founder and management team to develop a focused organic growth strategy, implement operational best practices and create systems and procedures to scale services throughout North America from six strategic locations within the United States. With this sale, Sterling has successfully exited four companies within its active industrial, commercial and energy services portfolio. Sterling focuses on partnering with business services companies in the logistics, financial services, and industrial, commercial and energy sectors that consistently increase efficiency, improve quality and mitigate risk. About GEM Mobile Treatment Services GEM Mobile Treatment Services, Inc. (GEM) provides comprehensive services to the petroleum, petrochemical, environmental and energy industries. Their services include mobile vapor control and tank degassing, mobile turnaround and marine services, mobile wastewater treatment services, as well as emissions monitoring and environmental compliance reporting. GEM offers vapor control technology such as vapor combustion, liquid scrubbing and carbon adsorption. They provide services throughout North America from six locations in the United States. Learn more about GEM by visiting http://www.gem-mobile.com. About Sterling Partners Sterling Partners is a private equity firm with a distinct point of view on how to build great companies. Founded in 1983, Sterling has invested billions of dollars, guided by the company’s stated purpose: INSPIRED GROWTH®, which describes Sterling’s approach to buying differentiated businesses and growing them in inspired ways. Sterling focuses on partnering with like-minded founders and entrepreneurs and investing growth capital in small and mid-market companies in industries with positive, long-term trends including healthcare, education and business services. Sterling provides valuable support to the management teams of the companies in which the firm invests through a deep and dedicated team of operations and functional experts based in the firm’s offices in Chicago, Baltimore and Miami. The people at Sterling believe in ideas and ideals, in people and partnerships that drive long-term success. For more information, please visit www.sterlingpartners.com. About Evergreen Industrial Services Evergreen was founded in 2000 by Jon Hodges and is owned by Platform Partners, a Houston-based private investment company, Mr. Hodges, and Evergreen’s management team. Evergreen is an environmental industrial services company with over 600 highly-trained employees located near client facilities throughout the Gulf Coast, Midwest and West Coast of the United States. Evergreen provides project management, onsite wastewater treatment, vapor control and industrial cleaning services including hydro-blasting, vacuuming, chemical cleaning, tank cleaning and waste handling to a wide range of processing plants, heavy industrial and commercial facilities. Learn more about Evergreen by visiting http://www.evergreenes.com.

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Sterling Partners sells GEM to Evergreen

KPCB tried to acquire Social + Capital Partnership – Fortune

According to a Fortune article, Kleiner Perkins Caufield & Byers recently tried to buy fellow venture firm Social + Capital Partnership. No financial terms were disclosed. However, as the report says, “talks ended within the past few weeks, and are now considered to be dead.” If the deal had gone through, contends Fortune, Social + Capital Partnership’s Chamath Palihapitiya, Ted Maidenberg and Mamoon Hamid would have become partners at KPCB’s venture practice.

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KPCB tried to acquire Social + Capital Partnership – Fortune

VC-backed Prosper Marketplace acquires American HealthCare Lending

Prosper Marketplace has bought Salt Lake City-based patient financing company American HealthCare Lending for $21 million in cash. Prosper Marketplace’s backers include Institutional Venture Partners, Phenomen Ventures, Sequoia Capital and BlackRock. PRESS RELEASE SAN FRANCISCO & SALT LAKE CITY–(BUSINESS WIRE)–Prosper Marketplace (www.prosper.com), a leading peer-to-peer lending company, today announced that it has acquired American HealthCare Lending, a leading patient financing platform, for $21 million in cash. American HealthCare Lending gives its nationwide network of healthcare providers the ability to offer affordable payment options to consumers who would like to finance medical procedures at the point of service. “We are excited about this opportunity to continue to bring positive change to a traditional industry like healthcare lending. We’ve already had incredible success working with the Prosper Marketplace team and we look forward to the opportunity this gives us to better fulfill our mission to Make Healthcare Affordable™.” “This acquisition is an important part of our strategy to grow awareness and expand our product offerings and capabilities into new vertical markets,” said Aaron Vermut, CEO, Prosper Marketplace. “Prosper Marketplace experienced incredible growth in 2014 as more people turned to the platform for everything from debt consolidation to home improvement to special occasions. Now, we have an opportunity to bring a consumer-friendly and potentially disruptive option for financing elective medical procedures to an industry that has been characterized by high rates and a lack of options.” American HealthCare Lending is one of the fastest growing companies in the patient financing industry. The company has developed a cloud-based patient financing platform that is integrated with some of the most trusted lenders in the nation. In addition to delivering affordable patient financing to patients, American HealthCare Lending has a sophisticated sales and marketing team that brings a wealth of knowledge, experience and contacts in the healthcare community. “The healthcare industry is in the midst of a massive transformation that is impacting out-of-pocket expenses for millions of consumers,” said Shaun Sorensen, CEO, American HealthCare Lending. “We are excited about this opportunity to continue to bring positive change to a traditional industry like healthcare lending. We’ve already had incredible success working with the Prosper Marketplace team and we look forward to the opportunity this gives us to better fulfill our mission to Make Healthcare Affordable™.” “We believe that Prosper Marketplace has an opportunity to further transform marketplace lending,” said Nigel Morris, Managing Partner of QED Investors and Capital One Co-Founder. “The addition of American HealthCare Lending is an important investment in Prosper Marketplace’s long-term growth and capabilities, and a step towards making marketplace loans available to more borrowers and for more use cases.” Prosper recently closed out a record year, facilitating $1.6 billion in loans on the platform in 2014, up over 350% from the previous year, and $205 million in loans on the platform in December alone. People come to Prosper to get a loan for everything from re-financing high-interest credit card debt to buying a car, to paying for a home renovation or special occasion. Prosper offers people a smarter way to borrow, providing access to fixed-rate, fixed-term loans and competitive rates that are based on the borrower’s personal credit profile. For investors, Prosper offers access to a new asset-class that delivered an average 7 percent return to investors in 2014. In total, more than $2.5 billion in loans have been facilitated on the platform to over 250,000 borrowers. About Prosper Prosper Funding LLC (“Prosper”), headquartered in San Francisco, is a leading online marketplace for consumer credit. Prosper connects people who want to borrow money with people who want to invest money. With a commitment to providing world-class customer service, the convenience of applying online day or night, and none of the lengthy applications or wait times associated with traditional avenues, Prosper offers people a superior way to borrow money at fair rates. Over the past six years, more than $2.5 billion in personal loans have originated through the Prosper platform, helping people around the U.S. consolidate credit card debt and finance major purchases. Learn more about borrowing and investing through Prosper at www.prosper.com. “Prosper Marketplace,” founded in 2005, is the parent company of Prosper Funding LLC. All personal loans are made by WebBank, a Utah-chartered Industrial Bank, Member FDIC. All Prosper personal loans are unsecured, fully amortizing personal loans. Notes offered by Prospectus. About American HealthCare Lending Based in the “Silicon Slopes” of Salt Lake City, Utah, American HealthCare Lending, LLC (“AHCL”) is a leading patient financing company for healthcare providers in the cosmetic dentistry, bariatric surgery, fertility, plastic surgery, and other markets. AHCL has pioneered the cloud-based Financing as a Service (FaaS™) model which delivers significant cost savings to providers and an easy-to-use online financing solution to patients that can be accessed from the provider’s office, at home, or on any mobile device. Providers throughout the country utilize AHCL’s innovative patient financing platform in order to help Make Healthcare Affordable™ for consumers.

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VC-backed Prosper Marketplace acquires American HealthCare Lending