A Coventry-based manufacturer that provides specialist modification to vehicles in the automotive, aerospace, defence and rail sectors has received a GBP1million investment. Penso City Vehicles will use the funding to invest in tools to modify the Mercedes Vito Tourer into a low emission taxi, including improving its turning circle and

Union Oil and Gas Group (UOGG), a subsidiary of private equity firm Union Group, and state corporation Empresa Nicaraguense del Petróleo (‘PETRONIC), are to sign an agreement for future operations in four oil and gas blocks in the Sandino Basin offshore of Nicaragua. The agreement, which is currently being finalised

Law firm Howard Kennedy is advising Lebanese restaurant chain Comptoir Group on its AIM listing, raising some GBP16 million. Comptoir Group currently operates 11 Comptoir Libanais restaurants, together with further franchise outlets.  It also operates two smaller Lebanese and Eastern Mediterranean outlets under the Shawa brand, and a further two

Biopharmaceutical company IFM Therapeutics has closed a USD27 million Series A financing led by Atlas Venture and Abingworth, with participation from Novartis.  In conjunction with the funding Jean-François Formela and Vincent Miles, Partners at Atlas and Abingworth respectively, have joined IFM’s CEO, Gary D. Glick, on the board of directors,

PwC's new Global 100 Software Leaders ranking illustrates a rapidly shifting landscape and reveals three key trends among companies that are taking advantage of both evolutionary and revolutionary changes in the software industry. Within this shifting environment, the interwoven trends of digital innovation, Industry 4.0 and convergence are driving opportunities

IFM Therapeutics, a biopharmaceutical company developing a portfolio of small molecules targeting the innate immune system, has closed a USD27 million Series A financing led by Atlas Venture and Abingworth, with participation from Novartis.  In conjunction with the funding Jean-François Formela and Vincent Miles, Partners at Atlas and Abingworth respectively,

Tortoise Credit Strategies, part of the Tortoise Investments family, has completed the previously announced management buy-out by key Bradford & Marzec employees and Tortoise Credit Strategies. Bradford & Marzec’s team-based investment decision process, utilised for 32 years through numerous business and economic cycles, and the core investment team remain the

Brookfield Asset Management has completed the spin-off of Brookfield Business Partners, the primary public vehicle through which Brookfield will own and operate the business services and industrial operations of its private equity group on a global basis. "The spin-off of Brookfield Business Partners completes the fourth pillar of our strategy

BlackRock Real Assets has entered into an agreement to purchase GE Energy Financial Services’ 50 per cent interest in the Grandview wind project (Grandview). Grandview is now jointly owned by BlackRock and E.ON Climate and Renewables North America (EC&RNA), a subsidiary of E.ON SE, one of the world’s largest renewable