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FTBpro closes USD18m investment round for further global expansion

FTBpro, the largest fan-generated media platform in online football, has closed a USD18m investment, bringing its total funding since inception to USD24m. The company plans to use proceeds to further boost its global expansion, enhance strategic partnerships and enrich its mobile and video product offerings.   The fundraising round involved

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Fruitday.com completes new round of financing led by ClearVue Partners

China's largest fresh fruit shopping site, Fruitday.com, has completed a new round of financing led by ClearVue Partners, a private equity fund targeting fast growing and promising Chinese consumer companies. SIG Asia Investments also participated in this round of financing.   "We met many PE firms and ClearVue was different.

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Albion Ventures and MMC Ventures lead investment in PayasUgym

UK fitness network PayasUgym has secured GBP1.6m in a funding round led by Albion Ventures and MMC Ventures, bringing total investment to date to GBP3.5m.  With 12 million ex-gym members in the UK (double the amount of gym members) PayasUgym offers a solution for those looking to get back into

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Souq.com raises USD75m funding

MENA region commerce platform Souq.com has secured USD75m (AED275.5m) in an additional round of funding from existing investor Naspers Limited. This round of funding brings the total amount raised by Souq.com to USD150m (AED551m) – the largest amount raised by any internet-based business in the region.   Souq.com has grown

Chris Stewart Group secures minority investment from Proprium

An affiliate of Proprium Capital Partners is to make a significant minority investment of growth capital in Edinburgh-based property developer and investor Chris Stewart Group (CSG). Terms of the investment have not been disclosed.   Founded in 1996, CSG executes city-centre redevelopment projects including its award-winning Advocate's Close development off Edinburgh's Royal Mile. CSG's

Aviva sells Turkish general insurance business

Aviva has sold its Turkish general insurance business, Aviva Sigorta AÅž, to a private equity consortium led by EMF Capital Partners. This agreement is part of Aviva’s strategy to narrow the group's focus on businesses where it has a leadership position and can generate attractive returns.   Aviva’s life and

CVC acquires Synsam Nordic from Alipes

Funds advised by CVC Capital Partners have acquired Synsam Nordic A/S, an optical retailer in the Nordic region, from Alipes and former store owners. Synsam’s history stretches back to 1968 when independent opticians in Sweden joined forces under a common brand name.   Alipes identified significant development opportunities within the

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Business Growth Fund invests GBP10m in compliance consultancy

Business Growth Fund (BGF) has invested GBP10m for a minority stake in The Consulting Consortium (TCC), a UK independent regulatory and compliance consultancy. Headquartered in London with an office in Leeds, TCC provides specialist regulatory compliance services to FCA regulated firms in the financial industry.     TCC has advised

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Nets to be acquired by Advent International, ATP and Bain Capital

Advent International, ATP and Bain Capital are to acquire 100 per cent of the share capital of Nets from the existing shareholders, a group of 186 primarily Danish and Norwegian banks, for a cash consideration of DKK17.0bn, corresponding to a price per share of DKK92.37. In addition, the shareholders will

TPG to acquire The Warranty Group

Private investment firm TPG is to acquire The Warranty Group, a provider of warranty solutions and related programmes, from Onex Corporation for an enterprise value of approximately USD1.5bn. Under the terms of the agreement, TPG will acquire The Warranty Group and its operating units including Virginia Surety Company, London General

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