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Intelligence

MyOptique Group raises GBP16m to complete funding round

MyOptique Group, a European online optical retailer, has secured a GBP16 million (EUR20m) additional investment, bringing the total raised in its current Series C funding round to GBP35 million (EUR43m). The latest investment came from two new investors, Korys and Beringea, manager of the ProVen VCTs, with additional funding from

NorthEdge Capital invests GBP11.1m in Utiligroup

Private equity firm NorthEdge Capital has invested GBP11.1 million in the management buyout of Utiligroup, a Lancashire-based data management and software services provider. The management software and services company, based in Chorley, provides data management software and services to the energy sector.    Utiligroup helped a total of 15 new

KKR to provide long-term financing to Selecta

KKR Asset Management (KAM), a sub-investment grade manager wholly-owned by Kohlberg Kravis Roberts, has agreed to provide EUR220m long term financing to Selecta. The investment is part of a comprehensive re-financing of the company’s capital structure, providing flexibility for investments and implementation of its ongoing growth strategy.   Selecta is

shaking hands

Keensight Capital appoints Magdalena Svensson as investment director

Growth private equity firm Keensight Capital has appointed Magdalena Svensson as the firm’s new investment director. Svensson has 14 years of experience in the private equity industry.   Having started her career in 1998 in Sweden at Swedbank, she joined the Paris office of ABN Amro Capital in 2000. As

Definiens closes EUR15m VC-led funding round

Tissue diagnostics specialist Definiens has closed a EUR15 million funding round led by venture capital firm Wellington Partners. Gilde Healthcare co-led the financing round and was joined by other existing investors Cipio Partners and TVM Capital in the financing.   In conjunction with the financing, Dr Rainer Strohmenger, general partner

British pounds

Maven Capital Partners leads secondary MBO of Just Trays

Maven Capital Partners has completed a multi-million pound investment backing the management team of Yorkshire based Just Trays (JT) to acquire the business from Gresham Private Equity.  JT was established in 1988 and has since grown to become a manufacturer of shower trays and related accessories, with all product design,

Biotechnology

JHL Biotech closes USD35m series B financing

JHL Biotech has closed a Series B financing round of USD35 million, led by new investors Milestone Capital and a consortium of Taiwan venture capitalists and individuals. The consortium includes President International Development Corp, Fubon Financial Holdings, Taishin Financial Holdings, TaiAn Technologies, Hotung Group, Dr Allen Chao (founder of Watson

Euros

Warburg Pincus to acquire stake in Santander’s custody business

A group led by FINESP Holdings II, an affiliate of private equity firm Warburg Pincus, is to acquire a 50 per cent stake in Santander’s current custody operations in Spain, Mexico and Brazil.  The remaining 50 per cent will be owned by Santander.   The investor group, which is being

Maitland launches AIFMD fund platform in Luxembourg

Maitland has received approval from the Luxembourg regulator (CSSF Luxembourg) for its Alternative Investment Fund Manager Directive (AIFMD) compliant management company and specialised investment fund. Together, they provide fund managers with a solution to the regulatory and supervisory burden associated with the AIFMD, enabling them to focus on their core fund

The Abraaj Group tenders offer for listed Egyptian hospital

The Abraaj Group has submitted a mandatory tender offer to acquire, through one of its funds, up to 100 per cent of the shares of Cairo Medical Center‫ SAE, which is listed on the Egyptian Stock Exchange (EGX). The mandatory tender offer is conditional to 51 per cent of the total

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