AE Industrial Partners (AEI), a US-based private equity firm specialising in aerospace, defence & government services, space, power and utility services, and specialty industrial markets, has reached a definitive agreement to acquire a significant stake in Firefly Aerospace (Firefly), an specialist in economical launch vehicles, spacecraft, and in-space services, from

illumifin, an insurance third-party administration and software provider backed by private equity firm Abry, is to acquire LTCG, a provider of administrative solutions and clinical services to the long-term care insurance industry. The transaction is expected to close within the next 60 days.   The strategic acquisition will make illumifin

Depict.ai, a provider of AI-based product recommendations for any e-commerce store without the need for historical sales data, has raised USD17 million in a Series A investment led by Tiger Global, with participation from Initialized Capital, EQT Ventures, Y Combinator and a team of angels. The Series A investment comes

Wellness icon Deepak Chopra, psychedelics entrepreneur Christian Angermayer and Dragons’ Den investor Steven Bartlett, are backing The Healing Company, a new business set up to acquire consumer health brands, according to a report by CNBC. Chopra, who is to become chief scientific adviser, is acquiring a stake in there business

Good-Loop – a global ad tech company that converts people’s attention to ads into donations to good causes – has closed a Series A round of USD6.1 million (GBP4.5 million) led by led by New York-based investment fund, Quaestus Capital Management (QCM). Additional backing came from Scottish Enterprise, impact investor

Global Software and Services business Netaxis Solutions has acquired Anyroute in an asset deal that delivers the latest, Microsoft Teams capabilities to a telecoms client base. Netaxis’ products and services are used by major telecoms organisations worldwide to create new propositions, drive innovation and transform networks. Products like APIO and

TELEO Capital Management (TELEO) has acquired Western Principles Consulting, a Canadian Project Portfolio Management (PPM) consulting firm. The Business will be merged with UMT360, an existing TELEO portfolio company. Founded in 2005 with headquarters in Vancouver, British Columbia, Western Principles has successfully conducted PPM implementations across Canada, including Microsoft’s PPM

Prometheus Group, a global provider of asset management operations and optimisation software, has acquired S&V, a provider of data services and technology solutions for various industries such as manufacturing, airlines, utilities and oil and gas. S&V has spent over 13 years helping customers discover and maximise the value of their

Integrity360 and Caretower, two established providers of cybersecurity services, have joined forces with Caretower becoming an Integrity360 company. The terms of the transaction have not been disclosed.      For the 2021 calendar year Caretower reported sales of circa GBP28 million in 2021 and operates from offices in London and