Coherent, a global no-code software-as-a-service (SaaS) provider, has closed a $75 million Series B funding round led by Maverick Capital, including Maverick Ventures. Owl Rock, a Blue Owl division, GreatPoint Ventures, and existing investors Cathay Innovation and Franklin Templeton, also participated.   Coherent’s annual recurring revenue grew more than 10x

Private equity advisor Triago has appointed Managing Partner Matt Swain to the newly-created post of global chief executive officer (CEO). Previously Co-Head of the Americas, Swain’s responsibilities widen to oversight of Triago’s worldwide operations in capital raising, secondary transactions and strategic advisory, across offices in New York, London, Paris and

Resurgens Technology Partners, a software-focused private equity firm, has made a platform investment in i-Sight, a provider of case management software targeted to HR, compliance and corporate security functions within mid-sized and large organisations. The company’s powerful case management software helps organisations detect and prevent issues by improving all aspects

Keensight Capital, a private equity manager dedicated to pan-European growth buyout investments, is to acquire a majority stake in Valiantys alongside the company’s existing management team. Valiantys has built a strong relationship with Atlassian, a provider of team collaboration and productivity software, and is one of the leading global transformation

Munich-based EGYM, a portfolio company of HPE Growth, has acquired the Paris-headquartered Gymlib for a high double-digit million purchase price. Over the last five years HPE Growth has supported EGYM in becoming Germany’s leading provider of corporate fitness solutions with its qualitrain brand. EGYM relies on a fast-growing customer base

Cennox, a portfolio company of York Capital Management’s private equity group (York Private Equity), has acquired a group of Dutch-based companies including, Lincsafe, Merlin, Cashtester and Secusystems. The transaction includes all staff and facilities, with Ron van Veenendaal, founder and Managing Director of the companies, joining the Cennox Operating Board. 

Groundworks, which secured a significant growth capital investment from private equity firm Cortec Group’s Cortec Group Fund VII, in January 2020, has acquired Peak Structural (Peak). This is the tenth deal acquisition completed by Groundwork’s since Cortec’s investment. Terms of the transaction have not been disclosed.    Founded in 2002 by

CI Partners-backed Patriot Growth Insurance Services (Patriot) has partnered  with Business Benefits Group (BBG) in Virginia, along with BBG’s subsidiary, Incisive Financial Group (IFG). The move extends Patriot’s footprint into the important Virginia and District of Columbia marketplaces. BBG is one of the largest remaining independent insurance agencies in the

Cooee, an AI platform that helps mobile apps boost customer retention with personalised engagement, has received £300,000 in pre-seed funding from investors including Jenson Funding Partners, the venture capital firm, as well as several angel investors from the United States, India and UK.

Alete Bikes, a portfolio company of Trilantic Europe, private equity firm focused on mid-market transactions in Europe, is to acquire Cicli Esperia. The Zanaga and the Turato families, founders of Cicli Esperia, will become minority shareholders of Alete Bikes. Cicli Esperia, based in Cavarzere (Italy), is a manufacturer of bikes