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Intelligence

Virti raises USD10m in Series A round

Digital training platform Virti has raised USD10 million in a Series A funding round to further its goal of improving human performance using world-class interactive technology.  The round was led by deeptech investors IQ Capital and joined by Cedars-Sinai Medical Center and a new, UK-based learning technology VC fund. Launched

Polaris sells ProData to Axcel

Polaris is to sell ProData Consult to Axcel after three years of ownership and strong progress driven by solid organic growth and several acquisitions in Norway and Sweden.  The ambition of creating a Scandinavian market leader with a leading nearshoring-as-a-service function in Poland has been realised, and ProData Consult is

Suntera Global granted fund administration licence in Jersey

Global professional services provider Suntera Global has been granted a licence to provide fund administration services in Jersey. Awarded by the Jersey Financial Services Commission (JFSC), the new licence enables Suntera Global to support private equity, real estate, venture capital and other alternative fund managers with a full range of

SS&C adds senior executive to SS&C GlobeOp Private Markets Team

SS&C Technologies Holdings has appointed Suresh Krishnamurthy to lead client solutions for SS&C GlobeOp Private Markets, SS&C’s private equity and real assets fund administration business.   He will report to Bhagesh Malde, global head of SS&C GlobeOp Private Markets.  “We are very excited to have Suresh join our rapidly growing

Schulte Roth & Zabel adds finance lawyer in New York

Schulte Roth & Zabel (SRZ) has added Gregory Ruback as a partner in the Finance & Derivatives Group, resident in the firm’s New York office. He joins SRZ from DLA Piper, where he was a partner in the Finance Group. “Greg is a market-leading lawyer with specialist expertise, and we

Sandvik to acquire CAD/CAM software company Cambrio

Sandvik has signed an agreement with Battery Ventures to acquire US-based Cambrio, a company with an end-to-end portfolio in CAD/CAM software for manufacturing industries like automotive, transportation, energy, medical and aerospace.   “This is in line with our strategic focus to grow organically and through acquisitions in the advanced manufacturing

Riverside makes PHP investment

The Riverside Company, a global private investor focused on the smaller end of the middle market, has invested in Plumbing Heating Paramedics LLC (PHP).  The deal is an add-on investment to Riverside’s platform, Threshold Brands, a multi-brand franchisor of trade services concepts.  With plans to begin franchising the concept immediately,

Partners Group to acquire significant minority stake in Apex Logistics

Partners Group has agreed to acquire a 24.9 per cent equity stake in Apex International Corporation (Apex), a globally integrated logistics solutions provider, on behalf of its clients.  Upon closing of the transaction, Partners Group will join majority shareholder Kuehne+Nagel Group, one of the world’s leading logistics companies, with a

Gresham House Energy Storage Fund acquires further 425MW of projects

Gresham House Energy Storage Fund plc, the UK’s largest fund investing in utility-scale battery energy storage systems (BESS), has signed contracts for the acquisition of a further 425MW of projects from Gresham House Devco Limited (the current pipeline) of which 275MW are proceeding into construction with commissioning targeted for Q1

AURELIUS closes second co-investment acquisition

AURELIUS has successfully closed its acquisition of SSE Contracting Limited (SSEC) from SSE Plc in a complex carve-out of the multi-disciplinary Mechanical and Electrical (M&E) contracting business for an enterprise value of GBP27.5 million.  As a standalone business SSEC is one of the biggest M&E contractors in the UK and

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