PE Tech Report

Investments

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New tax-efficient tech fund to invest in UK gaming, e-commerce and digital start-ups

Technology investment specialist Mercia Fund Management is launching a fund offering tax-efficient investment in the UK’s fast-growing digital economy. The Mercia Digital Fund will use the hybrid structure of Mercia’s previous three tax efficient funds, combining the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS), to invest in

iPad

Druva closes USD25m Series D funding led by Sequoia

Druva has completed a USD25 million Series D funding from Sequoia Capital, Nexus Venture Partners and Tenaya Capital. The Sequoia-led round comes 10 months after a USD25 million Series C instalment from the same investors, bringing the total venture capital investment in Druva since 2010 to USD67 million and setting

Portware closes PE recapitalisation led by Long Ridge Equity Partners

Portware has completed a private equity financing led by Long Ridge Equity Partners and the Portware executive team.  The new financing will be used to retire all outstanding debt and provide additional resources for growth initiatives.   Portware Enterprise has recently been selected by global institutions representing more than USD3

Rcapital funds acquisition of Marshall Roebuck

Rcapital, the London-based private investor, has funded its portfolio company City Motor Holdings in the acquisition of the Marshall Roebuck Peugeot car dealership in Newbury. The site, now known as City Peugeot, joins the City Motor Holdings existing portfolio of 11 dealerships in Basingstoke, Newbury and Reading. 

   The

Drugs 2

Angel CoFund joins UK investors in GBP2.8m investment in anti-superbug drug

UK clinical stage pharmaceutical company Destiny Pharma has secured an investment round of over GBP2.8 million to fund a clinical trial for its drug, XF-73, which aims to prevent post-surgical Staphylococcal infections. The Angel CoFund, a GBP100m fund for small and medium sized British businesses with government backing, invested in Destiny

Blackstone backs Black Rhino to invest in African infrastructure and power development

Blackstone has partnered with Black Rhino to identify, develop, finance, construct and operate large-scale infrastructure projects across Sub-Saharan Africa with a focus on the energy sector. This includes power generation, transmission, fuel storage and pipelines.   Formed in January 2012 and based in Johannesburg, South Africa and Dakar, Senegal, Black

solar panels

China Development Bank International and Macquarie lead investment in JinkoSolar

China Development Bank International (CDBI), the Macquarie Greater China Infrastructure Fund (MGCIF) and New Horizon Capital are to invest USD225 million in JinkoSolar Holding’s downstream solar power project business. Upon completion of the investment, a wholly-owned subsidiary of JinkoSolar, and the company's additional capital contribution to Jinko Power, the three

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FIMI Opportunity Fund to acquire 40 per cent of Magal’s shares

Israeli private equity fund FIMI Opportunity Fund is to acquire 40 per cent of Magal Security System’s shares from Ki Corporation at a price of USD3.50 per share. Magal is a provider of solutions and products for physical and cyber security.   In addition, FIMI will pay Ki an additional

GTCR acquires XIFIN

Private equity firm GTCR has acquired XIFIN, a California-based provider of cloud-based software and services to diagnostic service providers. XIFIN's technology platform enables end-to-end connectivity from patient to payor, linking together the many stakeholders in healthcare delivery.   Since its founding, XIFIN's technology solutions have supported some of the US's

Albion Ventures invests in OmPrompt

Albion Ventures has invested GBP2.5m in OmPrompt, a provider of the customer automation management solutions that streamline order-to-cash processes for global manufacturing companies. OmPrompt launched its cloud-based service in 2005 and now leads the market for customer automation management in the consumer goods, medical device and logistics sectors.   Customers

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