PE Tech Report

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UK private equity house Maven Capital Partners (Maven) has led an investment through its managed VCTs, alongside the Scottish Investment Bank, in Quorum Cyber Security Limited (Quorum), a cyber security firm, providing professional and managed security services to companies across the UK, Europe and the Middle East. The funding will be used to further scale the business, investing in sales and marketing resource, as well as product innovation, to ensure Quorum’s clients can confidently operate within an increasingly hostile cybersecurity environment.   Headquartered in Edinburgh, Quorum provides Professional and Managed Security Services including a fully managed detect and response capability via
Strategic Partners, Blackstone’s secondary and fund solutions business, has held the final close on USD3.75 billion for Strategic Partners Infrastructure III and its related committed program vehicles (SP Infrastructure III). Blackstone says SP Infrastructure III is the world’s largest pool of capital dedicated to infrastructure secondaries. Verdun Perry, Senior Managing Director and Global Head of Strategic Partners, says: “We are deeply thankful for our investors’ continued support as they entrust us to provide attractive risk-adjusted returns for the millions of beneficiaries they represent. Over the past twenty years we have built one of the world’s largest private market secondary platforms, which
Techmer PM, a designer and producer of engineered compounds and colour and additive concentrates for the plastics and fibre industries, has formed a strategic partnership with an affiliate of New York-based private investment firm SK Capital Partners.SK Capital, which manages a growing portfolio of companies focused on the specialty materials, chemicals, and pharmaceuticals sectors, is acquiring a majority interest in the firm and will recapitalise Techmer in partnership with its chairman and CEO, John Manuck, who will continue to retain a significant ownership stake in the company. Terms of the deal were not announced. Privately held since being founded by
The African Private Equity and Venture Capital Association (AVCA) has appointed Dara Owoyemi as Interim CEO, following the departure of Michelle Kathryn Essomé last month.Owoyemi previously served as Board Member and Chief Operating Officer of AVCA, from 2011 to 2017. She was instrumental in re-building and re-vitalising the Association to deliver on its mandate – to create an enabling environment for private sector investment in Africa. During her previous tenure with the Association, AVCA grew to become a champion and effective change agent for the African private equity and venture capital industry, supporting over 130 members managing cUSD500 billion in
NEM Ventures, the venture capital and investment arm of the NEM blockchain ecosystem, has made a strategic investment in SharpShark, a blockchain-powered time-stamping solution that protects creators’ copyrights, while enabling the transfer and tokenisation of intellectual property, and the auto monitoring of violations.Kailin O’Donnell, Co-Founder and General Partner at NEM Ventures, says: “Existing timestamping solutions have fallen short and copyright deposits are extremely costly. SharpShark’s digital time-stamping service records artwork, aiming to protect creators’ moral rights to their work by detecting plagiarism and copyright infringement. We believe that all makers should have full control over their creations, and are aligned
Greenbacker Renewable Energy Company, through a wholly-owned subsidiary, has purchased the rights to a portfolio of 5.9 MW to-be-constructed solar projects, developed by Ameresco, Inc. The portfolio consists of sites in Massachusetts and New Jersey. In Natick, MA, 0.6 MW is contracted to the off-taker, Natick Public Schools. In Princeton, NJ, 5.2 MW is contracted to the off-taker, Boston Properties Limited Partnership. Both are expected to reach COD in Q3 2020.   “We see this as the beginning of a long and fruitful partnership with Ameresco,” says Charles Wheeler, CEO of Greenbacker. “Their goal of increasing market share for renewable energy
Middle market private equity firm One Equity Partners (OEP) has completed the acquisition of Spartronics from Sparton Corporation (Sparton). Financial terms of the transaction have not been disclosed. 
Headmade Materials, developer of the metal 3D printing process Cold Metal Fusion (Metal SLS), has completed a EUR1.9 million financing round. The sole investor is the Industrial Technologies Fund of btov Partners.  The process of the Würzburg-based startup enables 3D printing for series production using low-cost 3D printers available on the market. Headmade Materials will use the funds for scaling up the technology as well as for marketing and customer development. The company was founded in 2019 as a spin-off from the Würzburg-based polymer research institute SKZ (www.skz.de). The sinter-based Cold Metal Fusion technology was developed for serial production of metal
Bestport Private Equity (Bestport) has sold Oracle Care & Education Holdings Limited (Oracle).  The deal is the latest for the Bestport LP Fund and generated a return of 3.3x the investment. Headquartered in Congleton, Cheshire and Silsoe, Bedfordshire, Oracle provides high-quality bespoke packages of care, education and therapy for young people with extensive, complex and enduring needs who display high risk behaviours. Oracle’s aim is to provide an outstanding holistic service of care and education within a therapeutic environment.   Oracle Residential has 11 registered children’s homes, across Bedfordshire, Cheshire and Staffordshire. Situated in pleasant surroundings within active communities, all Oracle’s
FLX Distribution has closed a USD2.5 million seed round, named two leading industry executives to its new Board of Directors, and added to its existing Advisory Board. “The FLX vision of a new model of distributing investment offerings to wealth managers and financial advisors is a reality as we welcome new investors to our company, add to our stable of board-level executives, and add asset managers and distribution professionals to our platform,” says Brian Moran, FLX Founder and Chief Executive Officer. “The industry overall and end-user investors will benefit as FLX adds accessibility, entrepreneurial drive, and complete flexibility to the investment

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