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VSS Capital Partners sells Coretelligent to Norwest Equity Partners

VSS Capital Partners (VSS), a private investment firm investing in the healthcare, information, business services and education industries, has completed the sale of Coretelligent (the Company) to Norwest Equity Partners.  Terms of the transaction were not disclosed. Coretelligent is a leading provider of comprehensive managed IT, cybersecurity, and cloud services to

Promus Ventures closes EUR120m space fund

Promus Ventures’ Orbital Ventures Fund has closed at EUR120 million. Anchored in Luxembourg, the Fund is focusing on early-stage, space-related companies. The European Investment Fund committed EUR40 million, adding to the Fund’s international exposure. Other investors include international corporate, institutional, and private investors, as well as public actors. Among them

Kirkland advises BC Partners on Springer Nature acquisition

Kirkland & Ellis is advising international investment firm BC Partners in connection with the extension of BC Partners’ investment in Springer Nature, a Fund IX asset.  The investment was transferred to a new Single Asset Acquisition Fund. In total, the fund has attracted more than EUR1 billion of investment, making

Ironwood Capital exits portfolio company Momentum Manufacturing Group

Ironwood Capital has exited its investment in precision manufacturer Momentum Manufacturing Group (MMG), a provider of multi-operation metal contract manufacturing and precision machining based in North East USA. “The investment thesis for MMG, when Ironwood Capital originally invested in late 2017, was to grow the company organically and through strategic

ACF Investors passes landmark 100th investment

ACF Investors, a UK venture capital fund that works alongside sector expert business angels to invest in high potential businesses, has passed its 100th company investment.  The angel-partnership investment model has been highly successful, funding businesses through multiple investment rounds and is validated by the fact that the funds investments

Ping raises USD750m for overseas private equity investing

China Ping An Insurance Overseas (Holdings) Limited, the main offshore investment and asset management platform of Ping An Insurance (Group) Company of China, Ltd (2318 HK, 601318 SH), together with its subsidiaries (Ping An Overseas Holdings), has successfully closed Ping An Global Equity Selection Fund II (the Selection Fund II),

Low Carbon Innovation Fund 2 makes follow-on investment in Spark EV Technology

Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has made a follow-on investment by Low Carbon Innovation Fund 2 (LCIF2) in its existing portfolio company, Spark EV Technology. The investment is part of the company’s GBP250,000 capital raising round involving both existing and new shareholders.  Spark EV

Denby Pottery moulds a strong future with support from Secure Trust Bank

Derbyshire-based manufacturer Denby Pottery is reinforcing its UK and international footprint as it partners with Secure Trust Bank Commercial Finance through a GBP10 million combined facility which replaces a similar arrangement.  Denby has been crafting pottery for more than 200 years in the Derbyshire village after which it is named,

Ethical data pioneer raises GBP1.5m to prepare for cookie-free future

A UK company that provides an ethical alternative to the ad tracking techniques used by tech giants such as Facebook and Google has raised a GBP1.5 million investment to build its global presence. CitizenMe has secured funding from the North East Venture Fund (NEVF), supported by the European Regional Development

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