UBCO, a specialist in utility electric vehicles, has secured USD10 million from existing investor Jubilee Glory Investments for its upcoming Series B funding round.
Transport & Logistics
Mid-market private equity investor LDC has exited its investment in leading vehicle preparation and logistics business SMH Fleet Solutions (SMH) to NYSE-listed online car retailer Cazoo.
KKR, a global investment firm, has agreed to invest USD40 million in preferred equity in Jet Edge International (Jet Edge), an Ohio-based specialist in full-service private aviation responsible for operating the largest fleet of Challenger and Gulfstream aircraft available for charter in the United States.
E&M Logistics (E&M), a US-based direct store delivery (DSD) distributors of ice cream, frozen and fresh foods, and beverages, has partnered with Mill Point Capital (Mill Point Capital), a middle-market private equity firm focused on control-oriented investments in the business services, industrials, and IT services sectors in North America.
On behalf of investors in its infrastructure equity strategy, AMP Capital has agreed to sell a 51 per cent stake in Angel Trains to a consortium comprising the Public Sector Pension Investment Board (PSP Investments) and funds advised and managed by Amber Infrastructure Group.
INELO Group, a provider of innovative technologies for the TSL sector in Poland, controlled by the private equity fund Innova/6 from the Innova Capital group, has acquired 73.5 per cent of shares in the Slovenian telematics player CVS Mobile.
Align Capital Partners (ACP) has sold Richardson, Texas-based Electronic Transaction Consultants (ETC) to Quarterhill Inc for a total cash consideration of USD120 million plus transaction related expenses.
arive, a German-based company that delivers high-end consumer brands to your door within 30 minutes, has raised EUR6 million in seed funding from 468 Capital, La Famiglia VC and Balderton Capital to transform consumer shopping habits.
KKR is to acquire Ritchies Transport (Ritchies), a transportation operator in New Zealand with an 86-year heritage.
Vision Ridge Partners, an alternative asset manager focused on sustainable real assets, and Havila Holding have completed the privatisation of Fjord1, the owner and operator of a fleet of Norwegian ferries utilising low or zero emission propulsion.