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Intelligence

Investcorp to sell softgarden for €118m

Investcorp Technology Partners (ITP), a European technology investor, is to sell softgarden e-recruiting (softgarden), a provider of human resources software solutions to Grupa Pracuj, an HR Tech company listed on the Warsaw Stock Exchange. The transaction, which is expected to complete imminently, will result in a return of in excess

Platform9 closes $26m financing led by Celesta Capital

Platform9 has closed $26 million financing led by Celesta Capital, with participation from Cota Capital, NGP Capital, and other investors. This financing round comes on the back of three consecutive years of 100% growth in annual recurring revenue (ARR) for SaaS Kubernetes, led by enterprise interest in cloud-native distributed clouds. 

VEON Ventures makes $15m Series A investment in Dastgyr

VEON Ventures has completed a $15 million investment as part of a Series A round for Dastgyr, a Pakistan-based B2B e-commerce marketplace platform. This investment will contribute towards boosting Pakistan’s e-commerce market.   Dastgyr offers businesses a one-stop-shop application that connects thousands of retailers with suppliers to give them access

MFS Africa extends Series C to $200m

Digital payments network MFS Africa has has secured an additional $100 million in equity and debt funding led by Admaius Capital Partners, taking the total amount raised in its Series C round to $200 million. New investors, Vitruvian Partners and AXA IM Alts joined the extension, alongside existing investors, AfricInvest

LDC exits Plimsoll Productions to ITV in £131m deal

Mid-market private equity firm LDC has exited its investment in Plimsoll Productions (Plimsoll) to ITV plc in a transaction that values the independent television production company at £131 million. Plimsoll’s BAFTA, EMMY and Academy award winning team specialises in wildlife, documentary and factual entertainment shows, and is the biggest independent

ICG adds two to SDP team

ICG, a global alternative asset manager, has appointed Nick Kogevinas and Benjamin Zülch as Managing Directors within the firm’s SDP team, based in London and Frankfurt, respectively. Kogevinas joins ICG with more than 19 years of experience in Leveraged Finance roles, across UK and US markets, having most recently worked

London retains position as a world leading startup hub

London continues to rank as one of the world’s leading places to setup and grow a tech startup, according to a comprehensive new report from Startup Genome, rating global start-up ecosystems. Launched at London Tech Week, the 2022 Global Startup Ecosystem Report, placed London as the world’s number two startup

MJ Hudson partners with Cork Gully

MJ Hudson, an end-to-end solutions provider to the asset management industry, has formed a strategic partnership with financial and operational restructuring adviser, Cork Gully. The partnership has been formed to provide a range of services to private markets fund managers, investors and related parties, including the replacement of a general

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