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Intelligence

Mercato Partners closes USD100m Savory Fund II

Mercato Partners has closed Savory Fund II, its second investment vehicle devoted exclusively to backing emerging and profitable restaurant concepts, raising USD100 million of commitments. The closing of Fund II builds upon the early success of the firm’s inaugural vehicle, which closed on USD100 million of commitments in October 2020. 

FlixMobility raises over USD650m in funding at USD3bn valuation

FlixMobility, a tech-mobility company for intermodal and sustainable transport, announced more than USD650 million in new funding today based on a mix of equity and debt, valuing the business at USD3 billion.   The oversubscribed Series G funding round includes new investor Canyon Partners, a growth-oriented investment firm with a

Access Holdings appoints new Head of Investor Relations & Communications

Access Holdings, a Baltimore-based mid-market investment firm specialising in building enduring businesses, has appointed Kimberly (Kim) Kile as the firm’s first-ever Head of Investor Relations and Communications.   As the head of investor relations and member of the executive team, Kile will lead fundraising efforts for the firm’s flagship funds,

Abac Solutions sells Isolana to BME Group

Private equity fund Abac Solutions has closed the sale of Isolana, the Spanish independent distributor of interior finishing and general building materials, to BME Group (owned by Blackstone) after completion of customary regulatory approvals.  Isolana, which traces its origins to 1939, was acquired by Abac Solutions in 2019. The group

Investcorp to delist from Bahrain Bourse

Investcorp, a global provider and manager of alternative investment products, has announced that its Extraordinary General Meeting (EGM) on the 2 of June approved the board’s recommendation to delist from the Bahrain Bourse and convert the company into a closed shareholding company. This remains subject to receipt of regulatory approvals

Macfarlanes advises Bidvest Noonan on acquisition of Cordant Services

Macfarlanes has advised Dublin-based commercial security, cleaning and support services company, Bidvest Noonan, on an agreement that will see facilities management company Cordant Services join its group.  The acquisition is the company’s fourth in 2021 and will bring the total number of employees to more than 27,000 and annual revenues

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