PE Tech Report

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Copenhagen based digital healthcare platform company Practio ApS has completed its equity funding round, which, together with loan conversion and debt financing, raised EUR8.2 million.Practio has developed and deployed a digital healthcare platform, which enables pharmacies to become central points-of-care. Initial Practio services include vaccinations and Covid-19 antibody testing, but the company is planning to roll out broader platform services over time. Practio has deployed its platform across Denmark since 2015 and started its rollout in the UK in 2019. The latest funding will be used to speed up the deployment in the UK and to enter the German market
HIG Growth Partners (HIG), the dedicated growth capital investment affiliate of HIG Capital, has led a USD33 million round of Series D funding for Mode Analytics (Mode), a specialist in advanced analytics and business intelligence.Founded in 2013 and based in San Francisco, California, Mode serves 52 per cent of Fortune 500 companies, empowering them to make faster, more informed business decisions driven by data science. The company’s cloud-based platform combines personalised analytics, dashboards, interactive visualisation, predictive analytics, advanced analytics and prescriptive analytics in a singular, collaborative workflow. Companies using Mode can quickly connect to data, automate queries, and get results
A Derby company which has developed a new payment system for the games industry has secured a further GBP200k investment from the MEIF Proof of Concept & Early Stage Fund, managed by Mercia and part of the Midlands Engine Investment Fund (MEIF).Transaction Technologies’ new platform will target the multi-billion-dollar market for in-game downloads. PlayerLands, as it is known, allows players to buy virtual goods within games and is one of the few systems that will accept payments in real money rather than cryptocurrencies.   The platform provides a secure payment system that makes it easy to buy and sell virtual
SS&C IntraLinks
In this webinar Intralinks and industry experts evaluate how PE groups have been adjusting to performing ODD during the lockdown. We explore the technologies that have played a key role in helping PE firms identify and overcome issues and what specific areas of ODD work well ‘virtually’. Could this virtual approach be the new normal going forward? Other key topics discussed include: How are PE groups themselves responding to investor ODD requests during this period to ensure they are meeting expectations? What key questions should COOs/CFOs be asking if they look to embrace virtual ODD? Panel: – Jason Barg // Partner, Lovell Minnick Partners –
William Blair, a global boutique with expertise in investment banking, investment management, and private wealth management, has appointed Arthur van der Goes as a managing director in the firm’s global Consumer and Retail investment banking team. Focusing on food and beverage, van der Goes will be based in Amsterdam, a continuation of the firm’s strong commitment to the Benelux region, and Europe more widely. “We are continuing to expand our European presence and are investing in our team to better serve our clients across the continent,” says Anu Sharma, head of European investment banking. “We have a long history of serving
Pravati Capital, a litigation specialist and consulting firm, has launched its fifth investment fund, Pravati Investment Fund V (Fund V), with USD200 million. Fund V follows four of Pravati’s successful funds launched over the span of seven years. The new fund offers, for the first time, non-US and US-tax exempt qualified international investors the opportunity to invest in alternative investment vehicle specialised in the litigation finance sector. Fund V, as past funds, is structured using the proven methodology of stringent due diligence in selecting and structuring investments, while providing opportunities for law firms to restructure, regain financial footing and build their
Clayton, Dubilier & Rice (CD&R) has reached an agreement with HD Supply Holdings under which CD&R funds will lead an investment to acquire HD Supply’s Construction & Industrial business (aka White Cap), a distributor of specialty concrete and construction products, and combine it with the Construction Supply Group (CSG), a distributor of specialty concrete and masonry accessories. Upon the closing of both transactions, CD&R funds will hold a 65 per cent ownership interest in the combined company, and the current shareholders of CSG, led by The Sterling Group, will hold a 35 per cent interest. The combined transaction, valued at approximately
Heart surgery
InnovHeart, a developer of novel transcatheter mitral valve replacement systems for the treatment of mitral valve disease, has received EUR20 million in a round of equity financing from a syndicate of investors. The Series B round was raised from existing Milan-based investor Genextra which has been the sole investor since 2015, and a syndicate led by Panakes Partners, with CDP Venture Capital and Indaco Venture Partners joining the round. The equity will be used to complete the first-in-human clinical evaluation of the company’s Saturn TMVR system using a trans-apical approach. The new capital will also allow InnovHeart to finalise the
NorthEdge Capital, which manages over GBP650 million of private equity funds aimed at the North and Midlands regions, has recruited a new director and made six senior promotions.The firm, which focuses on companies seeking equity investment to support MBOs, development capital and equity release transactions, has recruited Liam May as a Director in its Manchester office. Liam joins from NVM Private Equity where he was an Investment Director investing in a range of companies across the North West. His prior experience includes roles with GCA Altium and EY. At NorthEdge he will be responsible for originating, transacting and managing investments.
Circularity Capital has continued to build its portfolio of European growth-stage businesses enabling the circular economy, by leading a growth funding round in Shark Solutions, a specialist in advanced recycled PVB products.

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