Mexcian restaurant group Tortilla, which is backed by private equity firm Quilvest, has secured GBP2.25m in new bank financing from Santander Corporate Banking to fund expansion. The new credit facilities will further enhance Quilvest’s original GBP3.5m investment in Tortilla in December 2011. The financing comes as Tortilla secures three additional

Middle market private equity firm The Sterling Group’s affiliated investment fund, Sterling Group Partners III, is to acquire all of the equity interests that comprise the Dexter Axle business from Tomkins Industries, a subsidiary of Pinafore Holdings. The Dexter Axle business manufactures trailer axle, brake and suspension assemblies and related

AXA Private Equity has agreed to acquire a majority 70 per cent stake in Bruni Glass, a European provider of glass containers for spirits, food, pharmaceutical products and related accessories. Alongside AXA Private Equity, the founding members and the management of Bruni Glass took part in the deal with a

Medical device company Mainstay Medical has completed an oversubscribed series B financing round for USD20m (EUR15.3m) led by Fountain Healthcare Partners. Other new investors in the series B round include Medtronic, Capricorn Venture Partners and Seventure Partners. Existing series A investors Sofinnova Partners and Twin City Angels also participated. This

RAMP has completed a series C financing led by New York-based StarVest Partners. As part of the transaction, Deborah Farrington (pictured), co-founder and general partner at StarVest, will be joining RAMP’s board of directors. StarVest is also joined by Hearst Interactive Media and EDBI as new investors in RAMP, along

Mimecast has secured USD62.15m in series C funding led by private equity firm Insight Venture Partners, with existing investors Dawn Capital also participating. Mimecast plans to use the funding to accelerate the development and deployment of new technology, and to support plans for rapid expansion in the US market.   

Business Growth Fund (BGF) is investing GBP5.4m of growth capital in Swanbridge Hire and Sales (SHS), a provider of high specification industrial scaffolding services based in Barry, South Wales. This is the fourth investment to be led by BGF’s regional team for the South West of England and South Wales;