Private Equity Moris Beracha Wuani

By  Adrian Zmudzinski Walmart   China  plans to track  food  through its  supply chain  with  VeChain ’s Thor  blockchain , reveals a VeChain press release  published  on June 25. Per the release, the Walmart China Blockchain Traceability Platform (WCBTP) will be a joint venture by Walmart China, VeChain, PricewaterhouseCoopers ( PwC ), cattle company Inner Mongolia Kerchin, and the China Chain-Store & Franchise Association. WCBTP has been reportedly announced at the 2019 China Products Safety Publicity Week Traceability System Construction Seminar jointly organized by Walmart China and the CCFA in  Beijing . Walmart China already revealed 23 product lines that the system will track and plans to release another 100 products for further inclusion, covering more than 10 product categories. The press release claims that the company expects that tracked sales will be significant in volume: “It is expect...

                     By Nathalie Stucky Trading isn’t the only way to acquire crypto. Daily SPA, a Japanese media outlet, has reported on a Japanese man using his company dormitory’s free electricity to mine cryptocurrencies without asking permission. An Extraordinary Income “Virtual currencies are processed cryptographically,” Sora-san, a Japanese man working in a major Japanese manufacturing company explained to Daily SPA. “A miner is the machine that supports this encryption process. If you mine Bitcoin, you can process 12.5 bitcoins in 10 minutes, which would be the equivalent of 10 million yen, (US$ 90,000). If you mine Ether, you can make 3 ether worth 200,000 yen (US$ 1,800) in 10 minutes.” he added. But Sora elected to do things differently than everyone else in order to drastically reduce the costs of mining in Japan. Free Electricity at Japanese Company Dorm Allow...

A smart connectivity platform provider headquartered in Berkshire is to be acquired by Montagu Private Equity from CVC Capital Partners. Wireless Logic was established in the UK in 2000 and provides businesses with specialist Internet of Things (IoT) and Machine-to-Machine (M2M) platform services across mobile, satellite, low-power wireless, and fixed line networks. The company's services enable smart connectivity for applications and devices, creating two-way communication across secure private networks. Today, Wireless Logic has in excess of 2,500 customers and more than 3.1 million subscriptions. Headquartered in Hurley, Berkshire, the company operates across Europe with country offices in the UK, Denmark, France, Germany and Spain. The sale represents the first exit for CVC's Growth Fund. During the CVC Growth Fund’s period of investment, Wireless Logic has continued its organic growth trajectory, supplemented by several strategic acquisitions. Montagu intends to wor...

The code base is increasing and improving every day as computer science graduates from top schools jump on board. By Aaron Brown A sort of “cryptobrawl” broke out last month at the Milken Institute Global Conference between economist Nouriel Roubini and panel participants more optimistic about the future of cryptocurrency technologies. I had the opportunity to participate in a partial rematch at Battle of the Quants, where Roubini was just as negative and DMS Governance's John D’Agostino presented a moderate defense. All of the heat concerns the border of crypto and traditional finance, but much of the important stuff is happening far from the border. For example, one of Roubini's claims is that advances in financial technology by existing financial institutions and startups are delivering on many of the promises of crypto-enthusiasts, and these will continue to transform financial markets. That’s true. However, many of those advances were spurred by the threat of ...

By Billy Bambrough Japan's economy — which for years has struggled to return to its 1980's growth levels — could be about to boom once again, thanks to bitcoin, cryptocurrency and blockchain technology. At the Japan Blockchain Conference this week in Tokyo (the first of what's expected to become a yearly event) the chief executive of financial services giant SBI Holdings Yoshitaka Kitao said he is betting that blockchain related technologies will fuel the next boom for the Japanese economy after decades of economic malaise. In the 1970s, Japan had the world's second-largest GDP after the U.S. and this boom continued through to the 1980s. However, by the early 1990s Japan's economy had stalled, plunging the country into what has been called the "lost decade" of growth. It has previously been suggested Japan's economy could be kick-started by a "technological boom." Improved mobile connectivity through the lo...

Summit Partners veteran Thomas S. Roberts launches Equality Asset Management -- a private equity firm that promises a longer-term approach to investments.  By Joe Panettieri Summit Partners veteran Thomas S. Roberts is well-known in the traditional private equity market. Now, he’s seeking to disrupt that market with a private equity startup that takes a significantly different approach to investments. His newly launched firm, Equality Asset Management, focuses on making long-term investments in durable technology, healthcare, and tech-enabled growth companies. Among the twists: Equality plans to implement a fee structure that reflects the current return environment and more closely aligns General Partner and Limited Partner interests, though the company didn’t disclose deeper details about the approach. The company plans to provide $100 million to $300 million of capital per company for growth equity and buyout transactions, with leverage levels ta...