TechnoCap distributes Kinaxis shares to HarbourVest

TechnoCap I LP has distributed 1.86 million shares of Kinaxis Inc. to HarbourVest Partners VII – Venture Partnership Fund L.P. (“HV VII”), a fund-of-funds controlled by HarbourVest. The distribution was made in connection with the wind-up and distribution of TechnoCap assets to its GP and LPs on Aug. 14. HV VII saw its ownership in TechnoCap fall to about 7.8 percent from 97.5 percent following the distribution. TechnoCap is a Canadian venture capital fund. Following the distribution, HarbourVest will own about 14.4 percent of Kinaxis, an Ottawa-based provider of supply-chain management software.

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JMI leads $123 mln growth funding in Intelex

JMI Equity has led a $C160 million ($122.9 million) growth funding in Intelex, which provides environmental, health, safety and quality management software. HarbourVest also participated in the funding round. David Greenberg, a general partner at JMI, and Rob Wadsworth of HarbourVest, will join Intelex’s board.

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Ethos-led group invests $150 mln in Eaton Towers

Ethos Private Equity said Tuesday that it led a consortium to invest in Eaton Towers. The group includes Hamilton Lane and HarbourVest. The consortium contributed $150 million of the $350 million new equity raised by Eaton, a provider of shared telecoms towers across Africa.

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peHUB First Read

Catch up on the latest midweek news including a first close for Bridge Growth’s inaugural fund, HarbourVest’s latest results, RBS’ spin-out reborn as Pollen Street Capital and who the VC credit crunch conquerors are.

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Top 10 posts: private equity

PE stories trending on peHUB this week: how to go from VP to partner, an end to the drama at Centerplate, and job openings at CalPERS, Tritium Partners and more.

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peHUB First Read

To start your week, First Read has the political evolution of Sean Parker, big mutual funds becoming venture capital investors and seven limits Congress should impose on a Comcast/Time Warner merger.

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HarbourVest closes $1 bln for fund

Global investment firm HarbourVest has raised $1 billion in the final close of its oversubscribed 2013 Direct fund. The target was $750 million. According to the firm, the pool has more than 30 LPs, which include corporate pensions, public pensions and international foundations. It has already invested in ten buyout and growth equity transactions in the U.S., Australia and Latin America.

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Trending this week: co-investing, corporate VC, Capital One, SEC investigating PE funds, Temasek, fintech, job openings at Carlyle, HarbourVest, Blackstone and more.

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Trending on peHUB this week: corporate VC, Tiger Global, Carlyle, HarbourVest, Florida, Brazos Private Equity, New York City Comptroller, Vector Capital, Visa, Nyca, Energy Future Holdings, PE jobs, fintech

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Top 10 posts of the week

Trending on peHUB this week: Blend, Blackstone, Carlyle, NYSTRS, HarbourVest, Sequoia, WhatsApp, Platinum Equity, Nesco, Gryphon Investors, data scientists and PE’s dry powder.

Lagoon Capital and HarbourVest join forces in MENA secondary market

Lagoon Capital Partners Limited, a private equity and advisory firm based in the Dubai International Financial Center and HarbourVest have entered into an agreement for secondary private equity whereby they will jointly source, evaluate and invest in private equity assets held by investors from the MENA region. The opportunities may include the acquisition of LP commitments in private equity funds, the purchase of portfolios of direct private equity investments, spin outs from existing private equity platforms and facilitating the restructuring of underperforming private equity funds.

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