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Ropes & Gray advises Ares on sale of Cordium to ACA Compliance Group

Ropes & Gray has advised Ares Management on the sale of its portfolio company Cordium – a leading provider of governance, risk and compliance services – to ACA Compliance Group, a US-headquartered leading provider of risk management and technology solutions that focus on regulatory compliance, performance, financial crime, and cybersecurity.

Barclays UK launches new ventures unit

Barclays UK has today established a new unit that will focus on developing new business lines, promoting innovation and driving returns within Barclays UK.  The new unit, Barclays UK Ventures (BUKV), will be led by Ben Davey, formerly Barclays’ Group Head of Strategy, who will also join Barclays UK’s Executive

ArchOver launches R&D funding bridge for UK innovators

ArchOver, a P2P business lending platform, is now helping businesses to bridge the funding gap that prevents them continuing to grow their operation whilst waiting for their R&D tax claim to be repaid. ArchOver’s Research & Development Advance (RDA) service is the first provided by a P2P lender funding advances

Unigestion launches global small and mid-market private equity fund

Unigestion has launched Unigestion Global Choice VII, a global small and mid-market investment programme and a continuation of the ‘Unicapital Global’ and ‘Euro Choice’ series of funds. Unigestion Global Choice VII is seeking EUR300 million to build a portfolio of around 30 specialist buyout, growth capital and selectively special situations

Onex and Vista Equity Partners to become equal partners in PowerSchool

Onex Corporation (Onex) is to acquire a stake in PowerSchool Group (PowerSchool) from Vista, which will also invest new capital in the business.  PowerSchool is an education technology platform for K-12 schools. Concurrent with the Onex/Vista transaction, PowerSchool will acquire PeopleAdmin, an industry-leading provider of cloud-based talent management solutions for the

ProVen Legacy provides funding package for Edesix Ltd

Beringea has advised and arranged debt funding worth up to GBP2 million to Edesix Ltd, a manufacturer of Body Worn Camera solutions. The Edinburgh-based company will use the funding, provided through Beringea’s ProVen Legacy debt vehicle, to support the expansion of its sales operations as it targets growth in the

Inflexion completes minority investment in Huws Gray

Inflexion Private Equity has completed a minority investment in Huws Gray Limited (Huws Gray), one of the largest independent builders’ merchants in the UK. Huws Gray, founded in 1990 on Anglesey, Wales, with one location, now operates from 57 trading locations with almost 800 staff. Over recent years, the company

Renaissance VC fund attracts more than USD1.3bn of investment

Renaissance Venture Capital Fund, Michigan’s venture capital fund-of-funds, has successfully attracted more than USD1.3 billion into the state’s startup ecosystem. Since Renaissance launched in 2008, it has invested in 30 venture capital funds around the United States, with the goal of attracting venture capital from those funds and their network

Semcon acquires German product information company

Semcon has acquired the German product information company HAAS-Publikationen. HAAS-Publikationen is based in Troisdorf, Dessau and Berlin and has more than 25 years of experience in technical documentation and product information primarily for the German railway industry. Presently, HAAS-Publikationen engages almost 50 employees. Turnover for 2017 totalled close to SEK50

SWORD Health secures USD4.6 million in seed funding

SWORD Health, the creator of the AI-powered digital physiotherapist SWORD Phoenix, has closed a USD4.6 million seed funding round. The investment, provided by Green Innovations and Vesalius Biocapital III and other investors from Europe and the US will be used to accelerate the development of new digital therapies and drive

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