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Deals

FinTech financial wellbeing platform Salary Finance raises USD20m for US launch

Salary Finance, a FinTech financial wellbeing platform for employees, has closed a USD20 million Series B investment led by founding investor Blenheim Chalcot and multinational financial services company Legal & General. The investment will be used to launch and scale Salary Finance in the US, as well as to continue

Climeworks raises CHF30.5m to commercialise carbon dioxide removal technology

Climeworks AG, a specialist in capturing CO2 from the air, has raised CHF30.5 million in equity funding, from a group of existing and new private investors as well as Zurich Cantonal Bank. The successful financing round brings the Swiss company another step closer to achieving its vision of capturing one

Bellwether Coffee raises USD10m

Bellwether Coffee, a specialist in coffee roasting hardware and software, has closed a USD10 million Series A funding round led by Congruent Ventures. Founding investors FusionX Ventures and Tandem Capital participated alongside New Ground Ventures, Hardware Club, XN Ventures, and Peter and Lyndon Rive.   The funding round is announced as

Arlington Capital Partners completes acquisition of Black Box’s Government Solutions business

Washington DC-based private equity firm Arlington Capital Partners (Arlington) has completed the acquisition of the Government Solutions division of Black Box Corporation (BBOX). Going forward, the business will operate independently as Tyto Athene, a full-service systems integrator and managed services provider of communications systems for Department of Defense and Civilian

Argos Wityu acquires majority stake in aktivoptik Group

The independent pan-European investment company Argos Wityu has acquired a majority stake in German aktivoptik Group (aktivoptik), as part of a succession plan via its Fund VII. This was announced today by both companies. With a network of 76 stores, most of them in hypermarkets and other highly frequented locations,

ShoreCapital’s EyeSouth partners with Florida Eye Microsurgical Institute

EyeSouth Partners has completed a strategic partnership with Florida Eye Microsurgical Institute and Boynton Beach ASC (Florida Eye Microsurgical), expanding its presence into the South Florida region.  EyeSouth is an eye care-focused physician services organisation formed by Shore Capital Partners, a lower middle market healthcare private equity firm. Florida Eye

Carey Olsen advises Lendable on latest Kenyan securitisation

Carey Olsen’s corporate team in the Cayman Islands has represented Lendable, a tech-enabled finance platform, on its latest auto loan securitisation with Mombasa-based lender Watu Credit. Lendable is mainstreaming off-balance sheet financing for alternative lenders whose customer base is small and micro businesses. Lendable’s risk engine, Maestro, digests and analyses

BTIG and Pacific View Asset Management make Indigena Capital investment

BTIG and its affiliate Pacific View Asset Management have made a strategic investment in Indigena Capital, a firm dedicated to investing in partnerships with Tribal Nations in the United States, and First Nations, Inuit and Métis peoples in Canada (Indigenous Nations). Financial terms of the private transaction have not been

Clayton, Dubilier & Rice to acquire PowerTeam Services

Funds managed by Clayton, Dubilier & Rice (CD&R) are to acquire PowerTeam Services (PowerTeam), a provider of maintenance and construction services to the US utility industries. Terms of the transaction have not been disclosed.   PowerTeam provides services to maintain, repair, upgrade, and install natural gas and electric distribution and

O’Melveny acts for ScanSource on Canpango acquisition

O’Melveny has represented ScanSource on its acquisition of Canpango, a Salesforce implementation and consulting partner.

 The acquisition closed on 20 August 2018. The terms of the agreement have not been disclosed.

   ScanSource is a leading global provider of technology products and solutions, focusing on point-of-sale (POS), payments, barcode, physical

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