Preservation Capital Partners (Preservation Capital), a financial services-focussed private equity firm which last year acquired an interest in the insurTech-driven cyber and specialty lines MGA Ascent Underwriting (Ascent), has made a strategic investment in US construction-focused MGA Cove Programs (Cove). Together the business will manage in excess of USD200 million

Essling Expansion has acquired a stake in the Evolucare Group alongside its manager Elie le Guilcher and his team, becoming a reference shareholder in the process. Founded in 1988, Evolucare Technologies is a family group that publishes medical software for healthcare institutions. The group’s offer covers the entire patient journey

Palamon Capital Partners (Palamon) has completed a roll-over investment, alongside core Palamon investors Adams Street Partners and PGGM, in Ober Scharrer Gruppe, following the sale of the Company by Palamon to majority owner Nordic Capital Fund IX in 2018. Palamon originally acquired a majority share in Ober Scharrer Gruppe from

Catering management software company Spoonfed is planning major expansion in the US, following GBP575,000 of development funding from Equity Gap.  Aimed specifically at contract catering firms and restaurants supplying catering to businesses, universities, hospitals and many other institutions, Spoonfed’s SaaS (Software as a Service) platform creates real efficiencies for caterers

Hivemind, a UK-based data science company and member of the Investment Association’s fintech accelerator Velocity, has closed a funding round led by Fidelity International and Barclays. Hivemind, which was spun out from global investment management company Winton Group in June last year, develops software that helps create valuable and structured

Leicestershire HR software firm StaffCircle has secured GBP250,000 investment from the MEIF Proof of Concept & Early Stage Fund, managed by Mercia and part of the Midlands Engine Investment Fund StaffCircle’s platform helps clients to improve communication and feedback between employees in different location, providing them with easy access to

Two UK artificial intelligence (AI) companies, Biorelate Limited and Intellegens Limited, have secured a significant investment in the third round of the Innovate UK open grant funding competition. Together, the two companies have secured over GBP300,000 from Innovate UK and will co-invest an additional GBP130,000 to deliver a partnership project

Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, has made a new investment in PowerShare, an electric vehicle (EV) charging platform startup based in China. PowerShare provides an online platform that connects EV drivers, charge point operators and power suppliers to streamline the charging experience. It offers a cloud-based