PE Tech Report

Investments

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ABA English raises USD3.4 million from Nauta Capital

The online English platform ABA English has closed its first funding round for USD3.4 million with the venture firm Nauta Capital. ABA English specialises in online English teaching using a learning methodology, exclusive media content and its own developed interactive technology.   The Barcelona based e-learning start-up was launched in

Palamon to acquire controlling stake in Simplify legal group

Palamon Capital Partners is to acquire a majority interest The Simplify Group, which comprises conveyancing specialists Move with Us and DC Law and probate specialist the Chorus Law.  The terms of the transaction have not been disclosed.   Palamon’s investment in Simplify underlines its strategy to build the UK’s largest legal

Next Wave and Pricoa invest in Fox International

The management of fishing tackle company Fox International has secured a significant investment in the company led by Next Wave Partners and supported by Pricoa Capital Group. Along with the senior management team, Cliff Fox will retain a substantial stake in the business and will remain involved in the future

Imperial Capital and OPTrust invest in Dental Corp

Imperial Capital Group of Toronto, together with its partner OPTrust Private Markets Group, has completed a CAD121 million investment in Dental Corporation of Canada. Based in Toronto, Dental Corp is the largest group of dental practices in Canada with approximately 90 locations.   The company was founded in 2011 by

Oil rig

Dunedin-backed EV Offshore completes GBP20m re-banking with RBS

The Royal Bank of Scotland (RBS) has completed a GBP20 million re-banking of EV Offshore.  This marks an ongoing banking relationship for EV, following the recent GBP69 million management buy-out supported by Dunedin, the UK mid-market private equity firm.   Dunedin backed EV in a transaction that saw it employ

iPhone

PointGuard Ventures leads USD13m financing round for Movius

PointGuard Ventures has led a USD13 million financing round for Movius Interactive Corporation, an Atlanta-based specialist in mobile identities and converged messaging solutions. New Enterprise Associates (NEA) and Anschutz Investments also participated in the round.    Movius is the first mobile investment from PointGuard's new fund, and will be used

Altium advises on the buyout of ADA Cosmetics backed by ARDIAN

Altium acted as exclusive financial adviser to The Carlyle Group and the management team on the sale of ADA Cosmetics to private equity investor ARDIAN. Sascha Pfeiffer, managing director of Altium, says: “This transaction exemplifies Altium’s strong position in the relevant private equity community. We approached a limited number of

NorthEdge Capital invests GBP15m in Roberts Jackson

Private equity firm NorthEdge Capita has invested GBP15 million into Roberts Jackson, a Cheshire-based industrial disease law firm. Founded in 2009, the Wilmslow practice provides legal services in the highly complex field of occupational disease litigation, and acts for claimants who have developed diseases as a result of their employer`s negligence. The firm has grown from two to more than 200 people in five years.    The investment from NorthEdge Capital will facilitate the acceleration of growth and development of the practice and open up

Blackstone to acquire majority stake in Service King Collision Repair Centers

Private equity funds controlled by Blackstone are to recapitalise Service King Collision Repair Centers, one of the largest independent US chains of automobile body repair centres. The Carlyle Group, together with its co-investors and the management and employees of Service King, will retain a significant minority stake in the company.

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