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Intelligence

ecommerce

Kinnevik divests part of Qliro Group to Rite Ventures

Investment company Kinnevik has agreed to sell 23.2 per cent of the shares in Nordic digital commerce group Qliro Group to Swedish VC fund Rite Ventures. The deal is expected to close in the third quarter of 2020. As a partial payment for the sold Qliro Group shares, Kinnevik will

Deal-making

Neuberger Berman closes NB Euro Crossroads 2018 on EUR260m

The Luxembourg-domiciled euro denominated structure closed with EUR 260 million of commitments on 27 March, surpassing its EUR200 million target. Neuberger Berman launched the Crossroads funds of funds platform in the early 1980s, with the aim of constructing diversified private equity portfolios across asset classes, strategies and geographies. The new

Ed continues to build transactional risk team

Ed, a global reinsurance, wholesale and specialty broker, has appointed Robert Coward, a qualified corporate lawyer, as divisional director in its professional and executive risk team, effective immediately. Coward will report to Niraj Perera, head of transactional risk. In this role Robert’s legal expertise will provide invaluable support in providing insurance

Kian Capital exits TrueLearn Investment to LLR Partners

Kian Capital Partners (Kian), a middle-market focused private investment firm, has exited its investment in TrueLearn (TrueLearn) through a sale to LLR Partners (LLR). Terms of the transaction have not been disclosed.Headquartered in Mooresville, NC, TrueLearn is a leading provider of virtual learning and exam preparation software for physicians and

MSIF focusses on supporting Covid 19 impacted SMEs in the North West

Liverpool-based funding provider MSIF is looking to further support and expand its offering to SMEs across the North West impacted by the Covid-19 pandemic. As an accredited lender of the Coronavirus Business Interruption Loan Scheme (CBILS), MSIF has, through its Merseyside Loan & Equity Fund (MLEF), made GBP1million of its own capital available

Omnes adds to team

Omnes has appointed an Analyst, an Associate, a Principal, an Asset Management Director and a Financial Controller, and also promoted an Associate and two Principals.
Aubrey Stewart-Quinquis has joined the Mid Cap team as Analyst under the management of Stéphane Roussilhe, Partner.   The Mid Cap team supports companies (with an

WIT Fitness secures GBP1.5m follow-on funding

WIT Fitness, a London-based sportswear retailer, has secured an additional GBP1.5 million in follow-on funding from growth capital investor VGC Partners after growing revenues by 56 per cent in the last year.Activated by ecommerce, WIT Fitness sells high-quality branded training footwear and activewear apparel in the UK, US and Europe. It also operates a store

Zurich

Evoco raises EUR93m for first close of third fund

Zürich-based private equity firm Evoco has held a first close of its third fund, Evoco TSE III SCSp at EUR93 million, representing more than 50 per cent of the target size of its third institutional fund. Domiciled in Luxembourg, Evoco TSE III SCSp has a target size of EUR150 million.

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