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Deals

CDC backs African Private Credit with USD60 million commitment under new strategy

CDC Group, the UK’s development finance institution (DFI) and impact investor, has made a USD60 million commitment under its African Private Credit Fund Strategy, which aims to address a significant credit market dislocation and mid-market financing gap, a situation intensified by the Covid-19 crisis. CDC’s latest commitment covers two investments:

Trustmary secures USD2.2m funding to drive growth in Europe and North America

Trustmary, a testimonial marketing platform, has closed its first funding round of USD2.2 million to drive growth both in North America and Europe.  The investment will be used to further intensify the company’s market entry while also strengthening marketing and development teams in both the European headquarters in Finland and

Thomas H Lee Partners acquires House of Design

Thomas H Lee Partners (THL), a premier private equity firm investing in growth companies, has acquired a majority interest in House of Design, a provider of robotic automation systems and software for the construction market.  THL’s investment will strengthen House of Design’s existing capabilities and provide capital and resources for

Stellex Capital Management makes additional investment in Paragon

Paragon Metals (Paragon) has completed a new investment by affiliates of Stellex Capital Management (Stellex), a middle market private equity firm.  This additional investment by Stellex follows its purchase of Paragon in early 2019, at which time Stellex committed to provide capital to support additional growth. Following the investment, Paragon

Pixieset secures growth investment from Susquehanna Growth Equity

Pixieset Media (Pixieset), a Vancouver-based software solutions provider for photographers and creative professionals, has secured a growth investment from Susquehanna Growth Equity (SGE), an entrepreneur-centric growth equity firm exclusively focused on software and information services companies.  In conjunction with the transaction, Martin Angert, Managing Director at SGE, has joined Pixieset’s

Oakley Capital invests in contextual advertising specialist Seedtag

Oakley Capital’s Oakley Capital Origin Fund (Origin Fund) is investing USD35 million to acquire a minority stake in Seedtag, a specialist in contextual advertising in EMEA and Latin America. Founded in Madrid in 2014, Seedtag helps brands and agencies to deliver digital advertising that is directly relevant to the content

MODIFI raises USD24m in equity to create global trade management hub for SMEs

Global fintech MODIFI has raised USD24 million in a Series B funding round, which brings its valuation to more than USD120 million.  The round was led by new investor Heliad Equity Partners with a co-investment from Neva SGR, the venture capital investment vehicle of Italy’s leading banking group Intesa San

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