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Intelligence

Sanne appoints Chief Commercial Officer

Sanne, a provider of alternative asset and corporate business services, has promoted Peter Nagle from Global Head of Client Growth to the role of Chief Commercial Officer. In his new role, Nagle will be responsible for client service delivery in all jurisdictions and the firm’s continued commercial development.   Nagle

proSapient raises USD10m in Series A round led by Smedvig Capital

proSapient has closed a USD10m Series A investment round led by Smedvig Capital, with Guy Hands and existing investors 24 Haymarket also participating in the round. This brings the total raised by  proSapient to date to USD18 million.  The new funding will accelerate proSapient’s international expansion as well as support

OpenGate Capital to sell Bois & Matériaux to Chausson Matériaux

Private equity firm OpenGate Capital is to sell Bois & Matériaux (B&M), a French building products distributor, to Chausson Matériaux, a major building materials distribution company.  Terms of the agreement have not been disclosed, and the final sale is subject to closing conditions and works council consultation. OpenGate Capital acquired

Odyssey Investment Partners acquires Applied Technical Services

A fund managed by Odyssey Investment Partners (Odyssey) has acquired Applied Technical Services (ATS), a provider of high-quality testing, inspection, and calibration services, in partnership with Jim J Hills, the Company’s President, and the existing ATS management team.  Financial terms of the transaction have not been disclosed. ATS, headquartered in

New State Capital Partners adds four execs to team

New State Capital Partners (New State), a middle-market private equity firm that invests in business services, industrials, and consumer products, has added four new executives to its team and made two promotions.   Daniel Han joined as Head of Special Strategies; Parashar Ranade was named Senior Principal; William Marshall was

Livingbridge sells Broadstone

UK mid-market private equity investor Livingbridge has agreed the sale of Broadstone, an independent provider of specialist pensions, trustee, and employee benefits solutions, to ICG.  Livingbridge’s investment was originally made from the Livingbridge 5 fund.   Founded within BDO Stoy Hayward in 1989, Broadstone offers coordinated, end-to-end pensions, trustee, and

Low Carbon Innovation Fund 2 invests in SKOOT

Turquoise, a UK merchant bank specialising in energy, environment and efficiency, has announced its seventh deal for the Low Carbon Innovation Fund 2 (LCIF2), a GBP330,000 investment in mobility app company SKOOT RIDE.COM Ltd (SKOOT). SKOOT was founded in 2019 to promote and facilitate lift sharing amongst friends and colleagues.

UK retains crown as Europe’s capital for FinTech investment

Innovate Finance, an industry body representing UK FinTech, has released investment figures for the global FinTech sector in 2020 that reinforce the UK’s position as a global and European leader. The UK FinTech sector has retained its role as the top-ranking investment destination in Europe, with USD4.1 billion venture capital

Greenspring leads Israeli continuation fund transaction

Greenspring Associates, has successfully completed a continuation fund transaction for Giza V, a 2008 vintage venture-capital fund, managed by Giza Venture Capital (Giza). The continuation fund, with around USD100 million in commitments, provides Giza with the opportunity to increase the value of the portfolio companies by providing additional time and

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