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Intelligence

COO and Head of ESG among raft of promotions and new appointments at NorthEdge

NorthEdge has made a series of appointments and promotions across its Manchester and Leeds offices. The lower mid-market private equity specialist, which manages more than GBP900 million of funds, has promoted Partner Prem Mohan Raj to Chief Operating Officer. Prem joined the business in 2016 as Chief Financial Officer and

Inovo closes latest VC fund at EUR54m

Inovo, a venture capital firm investing in technology startups across Poland and Central & Eastern European region (CEE), has today announced the final close of its second fund, Inovo II, at EUR54 million. A range of global funds, entrepreneurs and family offices joined the European Investment Fund (EIF) as the

Kennet Partners sells stake in Dext

Kennet Partners (Kennet), a European technology growth equity investor, has agreed to sell its stake in Dext (formerly ReceiptBank), a digital, multi-product platform for accountants and bookkeepers, to Hg, a leading global software and services investor. The sale will provide Kennet with a 4.4 times return on its investment. Kennet

Unusual Ventures leads USD17m Series A funding round in Alto

Alto Solutions, a self-directed IRA platform aiming to make it easier for individuals to access and invest in alternative assets using their retirement funds, has closed a USD17 million Series A funding round led by Unusual Ventures, with additional participation from existing investors Moment Ventures, Acrew Capital, and Alpha Edison,

Eurazeo launches Sustainable Maritime Intrastructure Thematic Fund

Eurazeo has launched the Sustainable Maritime Infrastructure thematic fund (the Fund) to finance more environmentally friendly infrastructure and technologies in the maritime sector that support the transition to a low carbon economy.  As a consequence, the fund will have the objective of pursuing sustainable development within the meaning of Article

Tosca Debt Capital appoints new partner

Manchester-based independent debt fund Tosca Debt Capital (TDC) has appointed Mat Deering as a partner to further develop and grow its investment portfolio. He will be working alongside founding partners Gary Davison and Richard Williams to strengthen the firm’s presence in the market and unlock growth for UK SMEs and

RM Funds invests GBP13m in Athena Healthcare Group

RM Funds has provided a bilateral GBP13 million senior secured three-year term loan facility to Athena Healthcare Group (AHG).  The financing will support AHG in funding the construction of an institutional-grade purpose built 205 bedrooms care village in Lytham, England. The aged care scheme is expected to reach completion and

Riverside Company invests in MaidPro, Pestmaster and USA Insulation

The Riverside Company, a global private investor focused on the smaller end of the middle market, has launched a trade services franchise platform called Threshold Brands, to be initially comprised of five businesses: MaidPro, FlyFoe, Men in Kilts, Pestmaster and USA Insulation, all acquired over the last eight months. MaidPro

The Recreational Group makes key acquisitions

  The Recreational Group (RG), a US provider of residential and commercial recreational surfacing product, has acquired three specialist turf distribution and installation companies.  The companies are Turf Factory Direct, a national distributor of artificial turf, EasyGrass, a supplier and installer of artificial turf products in South Florida, and Synthetic

Industry Opportunity Partners sells El Dorado Packaging Inc

Industrial Opportunity Partners (IOP), an operations-focused private equity firm, has completed the sale of portfolio company El Dorado Packaging (El Dorado) to ProAmpac Holdings (ProAmpac), a global flexible packaging company that serves consumer packaged goods customers across a diverse set of end markets.  The divestiture represents IOP’s sixth investment realisation

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