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Intelligence

Palatine-backed CTS Group completes eighth acquisition

Palatine-backed CTS Group (Construction Testing Solutions), a provider of geotechnical consulting, construction materials testing and surveying and monitoring services, has acquired Concept Engineering Consultants Limited, a specialist in geotechnical, structural and geo-environmental services.  This is CTS Group’s eighth acquisition since Palatine’s initial investment in late 2018. The deal further strengthens

Agathos appoints new partner

Agathos Management, a lower mid-market private equity firm, has appointed James Bakewell as Partner and Investment Committee member.  Bakewell has 15 years’ private equity experience as an investor and strategic growth specialist in service-oriented businesses across the UK.

Thoma Bravo to open new London Office

Thoma Bravo, one of the private equity players in the global software investment space, is to open its first office in London, according to a report by Private Equity News.

AbbeyCross raises $2.47 million in pre-seed funding round led by Third Prime

AbbeyCross, a B2B trading and compliance marketplace focused on improving the underlying market infrastructure for emerging market (EM) currencies, has raised USD2.47 million in non-priced, convertible notes in its pre-seed funding round.  The round was led by Third Prime. Communitas Capital also invested, with the balance being spread across eleven

Pemberton supports CVC Fund’s acquisition of Neolith

Pemberton, an alternative credit specialist, has provided financing to support global asset management firm CVC Fund’s acquisition of Neolith, a specialist in the design and production of sintered stone services serving multiple end-markets. Founded in 2009 and headquartered in Castellon, Spain, serves multiple end-markets, including bathrooms, wall claddings, furniture, floorings,

Maven invests £1.5m in CW Sellors

Derbyshire-based CW Sellors has secured funds from MEIF Maven Debt Finance, part of the Midlands Engine Investment Fund (MEIF) which is managed by Maven Capital Partners.  Along with the expansion of its facilities, the funds will also help the business increase its sales and marketing activity. Founded in 1979, CW

Inflexion exits Pharmaspectra to IQVIA in $100m deal

Inflexion has sold medical data disseminator Pharmaspectra to US-listed health information company IQVIA in a deal valued at $100 million, according to a report by Unquote. The exit has generated a 25% IRR for Inflexion. Inflexion acquired Pharmaspectra in 2019 via Enterprise Fund IV, and the deal is Inflexion’s fourth Fund

E.ON backs Future Energy Ventures on launch of Independent Climate Tech Fund

E.ON’s current venturing team, Future Energy Ventures, has established a new, independent Luxembourg-domiciled venture capital fund, Future Energy Ventures Fund I SCA SICAV-RAIF. This launch marks a new chapter for the venturing team in its mission to create a decarbonised future through Europe’s leading energy transition venture fund. E.ON, one

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