Angela Sormani
San Diego-based Tritech Software Systems, a portfolio company of mid-market private equity house FFL, has acquired VisionAir, a public safety solution provider. TriTech Software Systems provides public safety solutions for law enforcement, fire and EMS agencies through an integrated suite of public safety applications. FFL invested in TriTech in 2010, providing growth capital to support several strategic initiatives.
Boston-based FirstFuel Software, a commercial building energy analytics company, has attracted a $2.4 million first round of financing. Battery Ventures and Nth Power led the consortium with participation from individual investors.
Private Advisors is waving the white flag on its attempt to expand its private equity funds-of-funds business outside of North America, in yet another sign that investor appetite for the asset class remains muted. Since the beginning of the year, the U.S.-based firm has seen three of its four-strong London-based team resign. This follows the decision to discontinue fundraising for both European and global funds of funds. The firm did not disclose a target amount on either of the vehicles. Private Advisors opened its London office in 2008 and hired a team to run the global and European business. Matthew Baker, Jennifer Buckley and Rickard Fischerstrom were hired as managing directors that year, and the team was led by Jens Bisgaard-Frantzen, former CEO and managing partner
peHUB has 5 Questions for Rhoddy Swire, senior partner and founder of Pantheon Ventures, a UK firm that engages in both funds-of-funds and secondary investing: 1. Take us back 25 years, to when you joined GT Management and started sowing the seeds for what we know as Pantheon today. What were the challenges you faced? […]
peHUB sister publication EVCJ recently met up with Javier Echarri, secretary general of the European Venture Capital & Private Equity Association (EVCA). And, of couse, we asked him 5 Questions about the state of European private equity, and his problems with the Walker Report (which he comments on in more detail, in the next issue of […]