Private equity investor Advent International is to acquire a significant ownership interest in Dixcy Textiles Pvt Ltd (Dixcy), an innerwear brand in India. Dixcy’s Founder and Managing Director, Prem Prakash Sikka, will retain a stake in the company and continue as the Chairman following the completion of the transaction. Financial

Circulation, the specialist in on-demand non-emergency healthcare transportation, has raised USD10.5 million in Series A financing from a syndicate of leaders across the healthcare ecosystem, excited to create a new paradigm for delivery of people, products and services in healthcare. Flare Capital Partners and The Providence Service Corporation (Providence), co-lead

Monroe Capital has acted as sole lead arranger and administrative agent on the funding of a USD25 million asset-based facility to refinance the existing debt facility and provide working capital for Betteridge Jewelers (Betteridge). Founded in 1897 and based in Greenwich, Connecticut, Betteridge is a premier jeweller and watch retailer

Popular US shopping app Ibotta has secured new funding led by Silicon Valley-based GGV Capital. This round furthers Ibotta’s mission of providing its consumers a Life Rewarded for making everyday purchases online, in mobile apps and at retail stores. With USD3.8 billion under management across eight funds, GGV has invested

Gefion Insurance, a Copenhagen-based specialty non-life insurer, has closed a private placement of Solvency II-compliant subordinated notes in an aggregate principal amount of EUR10 million with funds managed by Fermat Capital Management. The net proceeds from the offering will be used to support Gefion’s attractive growth opportunities in the European

IGF, the leading commercial finance provider for SMEs, has delivered a total of GBP16.6m to SMEs across Scotland over the past year. Since the opening of its Glasgow office in June 2016, IGF has grown from strength to strength in the region. Over the past 12 months, the business has

Allegro Ophthalmics, a biotechnology company focused on the development of novel therapies to treat vitreoretinal diseases has completed a private round of equity financing for USD10.7 million. With this infusion of capital, the company is strongly positioned to reach future corporate milestones. Allegro is . The company’s lead drug candidate,

Acrolinx, a provider of AI software for enterprise content creation, has announced a majority acquisition and equity growth funding by GENUI in a transaction with a volume of approximately USD60 million. Bernd-Michael Rumpf, former CEO of SAP SI will invest alongside GENUI and Acrolinx management is expanding its shareholding in

Chassis Brakes International Group, a portfolio company of KPS Capital Partners, has completed its second successful recapitalisation. The proceeds will be used to fund a cash distribution to stockholders, refinance the company’s capital structure, purchase Robert Bosch GmbH’s financial interests in the company, and provide resources for investments in technology