Private equity investor NewSpring’s latest strategy, NewSpring Franchise, has invested in Blo Blow Dry Bar (Blo), North America’s original blow dry bar franchise. “The investment in Blo Blow Dry Bar is a landmark for NewSpring as it represents the first deal in our newly formed franchise portfolio,” says Patrick Sugrue,

AMC Capital IV, advised by Mezzanine Management, has made an investmenmt in Plasta Group, which comprises Lithuanian recycled plastic rubbish bag producer Plasta and Swedish producer Rullpack.   Plasta is a major recycled plastic processing and manufacturing company in Europe, making over 500 million bags per year. The company boasts

Gravie, a specialist in defined contribution healthcare, has raised USD28 million in a Series D round of financing led by AXA Venture Partners (AVP), with participation from existing investors FirstMark Capital, Split Rock Ventures and Revelation Partners.  The capital will be used to fuel Gravie’s continued growth through investments in

Citizens M&A Advisory announced has served as the exclusive financial adviser to trustaff Management and CardioSolution on their recapitalisation by Cornell Capital and Trilantic North America, two New York-based private equity firms. Founded in 2002, trustaff Management is a provider of travel nurse and allied healthcare staffing services while CardioSolution

Humatica, a private equity specialist adviser for portfolio organisational effectiveness, has advised private equity firm Intermediate Capital Group (ICG) on its investment in Lucid Group. Founded in 2007, Lucid Group is a strategic healthcare communications company committed to advancing patient health outcomes through healthcare communications that improve the way patients

The Rise Fund, the global impact investing platform of alternative investment firm TPG, is to invest USD200 million in Airtel Mobile Commerce BV (AMC BV), a wholly owned subsidiary of Airtel Africa.  AMC BV is currently the holding company for several of Airtel Africa’s mobile money operations; and is now

Oncology data and informatics platform M2GEN has secured a significant new investment by Clayton, Dubilier & Rice (CD&R) funds, the Merck Global Health Innovation Fund (Merck GHI), and McKesson Ventures. The financial terms of the transaction have not been disclosed. Merck GHI and McKesson Ventures invested alongside CD&R funds, collectively

New State Capital Partners (New State) and its portfolio company, Mako Steel, have made a majority investment in Rabco Enterprises LLC, a full-service provider of self-storage building systems based in Winter Garden, Florida. Together, Mako and Rabco will form a nationwide self-storage solutions company. Terms of the transaction have not

Resurgens Technology Partners, a software-focused private equity firm, has made a strategic investment in Pennsylvania-based EnergyCAP, Inc. EnergyCAP’s solution, which includes its industry-leading software and complementary services, is used by more than 2,100 organisations across government, education and commercial sectors to streamline utility bill accounting and energy management. For decades,

Lovell Minnick Partners, a private equity firm focused on investments in financial services, financial technology and related business services, has acquired a majority stake in UniversalCIS, a technology-enabled provider of credit data and related origination solutions in the mortgage industry.  Moving forward, Lovell Minnick and UniversalCIS’ management team will work