Browne Jacobson’s corporate finance team has advised the management of Gala Coral on the GBP241m acquisition of Gala Bingo Holdings Limited (Gala Bingo) by Caledonia Investments plc (‘Caledonia). With its Headquarters situated in Nottingham, Gala Bingo manages 130 clubs throughout the UK and holds an impressive 38% market share with
Specialist private equity investor Calculus Capital Ltd is seeking to raise up to GBP8 million through a new D share class offer for the Calculus VCT. Proceeds from the fundraising will be used to follow Calculus Capital’s proven strategy of investing in well-established smaller companies with capable and experienced management
The Georgian Co-Investment Fund (GCF), a USD6 billion private equity fund based in Georgia, and Georgian construction company AXIS are to build Axis Towers, twin skyscrapers which, when complete, will be the tallest buildings in Tiblisi. GCF will own 50 per cent of the completed development, while the other 50
minicabit, a UK-based online mini-cab price comparison and booking service, has secured GBP1.4 million in funding from some of the UK’s best known investors and business leaders. The funding was heavily oversubscribed, led by Hambro Perks alongside the team at Oakley Capital. Hambro Perks recently backed Laundrapp, the on-demand app
Private equity funds managed by Blackstone have agreed to acquire MBAe, a Tier I engine component manufacturer and repair business, from Arlington Capital Partners. MBAe has facilities across the US, UK and Poland. The company has a well-balanced manufacturing model providing complex machined and fabricated assemblies into production and aftermarket
Simility, a cloud-based fraud detection startup, has closed its USD5.7 million seed round, including tier one investor Trinity Ventures along with angel investors, adding USD2.25 million to the previously announced USD3.45 million investment led by Accel Partners. “Investing in Simility is an investment in preserving trust in e-commerce, and they’ve
International law firm Simmons & Simmons has advised the UK Department of Health on the launch of the global Dementia Discovery Fund. The Dementia Discovery Fund is the world’s first venture capital fund dedicated to funding pre-clinical research for a cure or treatment of dementia and is a collaboration between
Hedge fund launches are under the spotlight in this extract from the Preqin Quarterly Update: Hedge Funds, Q3 2015. Alternative mutual funds saw a significant rise in their share of new fund launches in Q3 2015. These structures accounted for 13 per cent of the new launches monitored by Preqin’s
This extract from the Preqin Quarterly Update: Real Estate, Q3 2015 examines current closed-end private real estate funds in market, looking at target capital, primary geographic focus, time spent on the road and a sample of the largest funds currently fundraising. The number of closed-end private real estate funds in
Private equity firm GTCR has closed the previously announced sale of AssuredPartners to Apax Partners. Founded in 2011, AssuredPartners is the an independent P&C insurance brokerage with offices in over 30 states, the District of Columbia and London. Through Assured’s network of agencies, the Company provides property and casualty and
12 November, 2026 – 5:00 pm
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