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Funds

Octopus-backed GetLenses acquires Vision Direct and Lensbase

UK online contact lens retailer GetLenses.co.uk has acquired Dutch online retailers Vision Direct and Lensbase, which sell contact lenses and prescription glasses to consumers in the Netherlands, Spain and the UK. The acquisition was financed by a new funding round led by existing shareholder Octopus Investments and included Fidelity Worldwide

Currency Cogs

Alternative FX firm secures EUR6.5m series A investment

Kantox, an FX firm offering SMEs and mid-caps a foreign currency exchange solution via a peer-to-peer (P2P) trading platform, has secured EUR6.5m of new series A funding. The increase in capital will be used to further develop its technology and consolidate its presence across Europe, providing more clients with a

Wind farm

Albion Community Power invests GBP1.5m in South Wales wind turbine

Albion Community Power (ACP) has invested GBP1.5m in partnership with Welsh developer Infinite Renewables to fund the development of a 500kw single wind turbine in Blaencilgoed, in South Wales. The wind turbine, which is the first investment made by ACP, will supply electricity to a local quarry.  It is expected

British pounds

Maven leads management buyout of SPS

Private equity and alternative asset manager Maven Capital Partners has led the GBP7.25m management buyout of SPS (EU) Limited from 4imprint Group. Blackpool-based SPS is a supplier in the promotional merchandise market, with over 20 years’ operating history.   With current turnover of GBP17m the business has experienced growth over

Wind farm

Ventus VCTs to raise GBP20m for investments in UK hydro and wind power

Ventus VCT plc and Ventus 2 VCT plc have issued a joint offer for subscription for D shares to raise up to GBP20m. Proceeds raised will be split equally between the two venture capital trusts and invested in an existing pipeline of wind and hydro projects by investment manager Temporis

Dollars

HIG Capital closes Middle Market LBO Fund II at USD1.75bn

HIG Capital has closed HIG Middle Market LBO Fund II at its USD1.75bn cap. The fund will continue HIG Capital’s investment strategy of focusing on private equity, buyout and equity-related investments in middle-market companies primarily in the US.   Sami Mnaymneh and Tony Tamer, co-founders and managing partners of HIG

Computer screen

RatedPeople.com closes GBP6.5m pre-IPO investment round

RatedPeople.com, the UK online marketplace connecting homeowners with recommended local tradesmen, has closed a GBP6.5m pre-IPO investment round, advised by N+1 Singer. Since its inception in 2005, UK homeowners have posted 2.4 million jobs on RatedPeople.com, spanning 30 home improvement categories from building and roofing, to plumbing, electrical, and gardening

ARX Equity Partners and Darby Private Equity acquire Gramex

ARX Equity Partners and Darby Private Equity, together with food industry executive Gerard Lenihan, have completed the buyout of Gramex 2000 Kft.  Financial details of the transaction have not been disclosed.    Gramex is a Hungarian manufacturer and bottler of non-alcoholic beverages, providing products under its own brands, as well

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