Mid-market private equity investor LDC has backed the management buyout (MBO) of Martin Audio, a designer and manufacturer of loudspeaker systems, from global audio specialist Loud Audio. As part of the deal, LDC, the private equity arm of Lloyds Banking Group, has invested GBP12 million for a significant stake in

Nexxus Iberia’s Nexxus Iberia Private Equity Fund I (FCR) has completed its first investment in Fuertes Gimeno Comunicaciones (FGC). Founded in 1998, FGC is a Spanish engineering company that provides a wide range of services to telecom carriers and equipment vendors for the deployment, maintenance, upgrade and optimisation of mobile

LDC, the UK’s leading mid-market private equity investor, has made a GBP10 million investment in Yorkshire property agency Linley & Simpson to support its expansion. Founded by Will Linley and Nick Simpson 20 years ago, Linley & Simpson is a market-leading residential lettings and sales agency based in Horsforth, Leeds.

Third Seven Group, an investment bank (Third Seven Capital) and registered investment advisory firm (Third Seven Advisors), has acquired a stake in boutique investment management consultancy UDIS Capital Partners (UDIS). UDIS specialises in introducing foreign and domestic capital, managing cross-border transactions and providing foreign currency solutions.   Third Seven currently

Swedish cybersecurity startup Baffin Bay Networks has closed a USD6.4 million Series A round led by the EQT Ventures fund (EQT Ventures). The capital will be used for further international expansion, taking the company closer to creating a world-beating cyber security platform. Baffin Bay Networks was founded in 2017 by

BitSight, a provider of Security Ratings, has closed USD60 million in Series D funding, bringing the company’s total funding to USD155 million. The financing was led by Warburg Pincus, with participation from existing investors Menlo Ventures, GGV Capital and Singtel Innov8. BitSight pioneered the security ratings market in 2011, as

SimpleNexus has raised USD20 million in growth capital from Insight Venture Partners to accelerate continued growth and expansion. SimpleNexus provides a private-label digital mortgage platform and mobile app that connects mortgage lenders with borrowers and real estate agents, allowing all parties to easily exchange data and documents through the lifecycle

Ironwood Capital has made a subordinated debt and minority equity investment in American Residuals Group (ARG), an Arkansas-based environmental services company. Funding was provided by Ironwood Mezzanine Fund IV LP and its affiliated funds. Ironwood Capital President and Chief Investment Officer Carolyn Galiette, says: “ARG is one of the largest

Pathway Capital Management, has closed Pathway Private Equity Fund CV-B (PPEF CV-B), a USD602 million private equity co-investment fund formed in partnership with a US-based institutional investor. PPEF CV-B will focus on identifying and investing in co-investment opportunities globally alongside high-quality private equity managers across a variety of strategies.  

Chelverton Asset Management Limited (‘Chelverton’), a specialist investor in sub-FTSE 100 quoted equities and unquoted SMEs, has completed its third transaction of 2018 on behalf of Members of its Investor Club service, with a GBP1 million growth capital investment in Reading-based iDefigo. iDefigo initially developed its Internet of Things (IoT)