The UK-based White Car, which is set to disrupt the self-drive car hire sector, will launch a new service in August 2016 allowing customers from around the world to hire a Tesla Model S 90D for a simple all-inclusive fee of GBP149 including VAT, via the White Car app. The
DiscountRamps.com, a n online retailer of hauling and transportation products and a Rotunda Capital Partners portfolio company, has acquired Heavy Duty Ramps LLC, an industry-leading designer and manufacturer of aluminium ramps. The financial terms of the transaction have not been disclosed. Utilising its patented designs, Kewaskum, Wisconsin-based Heavy Duty Ramps
Porky’s BBQ, a London-based BBQ restaurant chain with five sites across the capital, is seeking GBP650,000 in investment via Crowdcube for its next phase of growth. The campaign will last 30 days and launches on 18 May. Porky’s BBQ is a family-run, Memphis-style restaurant with sites in Camden, Shoreditch, Bankside,
Lawson Products, a distributor of products and services to the MRO marketplace, has acquired FB Feeney Hardware in Mississauga, Ontario, Canada. The transaction closed on 9 May, 2016. FB Feeney Hardware has been serving the industrial market in Toronto and the surrounding area since 1952 and is known as a
Peer-to-peer alternative finance platform Assetz Capital has launched the 30-Day Access Account (30DAA), with Provision Fund, the fourth specialist investment account available to investors on the platform. The new account follows on from the success of the Quick Access Account (QAA), launched in October, which to date has seen over
A fund managed by private equity investment firm Cloud Equity Group has acquired CloudAccess.net, a cloud-based hosting and support platform for Joomla and WordPress based content managers with offices worldwide. Kevin Wilson, Managing Partner at Cloud Equity Group, says: “CloudAccess.net has done a phenomenal job at executing within a niche
Global alternative asset firm TPG today announced the final close of its latest North American- and European-focused private equity fund, TPG Partners VII. The fund raised USD10.5 billion in commitments, including USD400 million from TPG and its personnel. TPG Partners VII has so far invested USD2.1 billion across six companies,
Technology investor Amadeus Capital Partners has led an investment of USD11 million alongside existing venture capitalist investor Albion Ventures, in Relayware, a software provider that accelerates channel revenues. The investment will help drive growth in the US, the largest and most mature market for the Software as a Service (SaaS)
Wasserstein & Co, on behalf of its private equity fund Wasserstein Partners III, has acquired Moss Inc (Moss), a provider of highly engineered, three-dimensional fabric structures and customised environmental branding solutions. Terms of the acquisition have not been disclosed. Founded in 1975, and headquartered in Elk Grove, IL, Moss transforms
Salvepar has sold MultiPlan Group to Helman & Friedman for EUR29.7 million, which equates to a 3.7x multiple on the firm’s original investment. Salvepar originally invested USD20 million in the acquisition of MultiPlan alongside Starr Investment Holdings in March 2014. The closing of the sale transaction is expected to take
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