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Managers

NorthEdge completes sale of The Belfield Group’s Usleep subsidiary to Vita

NorthEdge and The Belfield Group (‘Belfield’) have completed the sale of Usleep, a specialist mattress manufacturer, to The Vita Group (Vita) a manufacturer of premium foam products, for an undisclosed sum. Usleep is a subsidiary of upholstery and home furnishings manufacturer Belfield, which secured private equity investment from NorthEdge in

MFG Partners completes acquisition of Mellott Company

New York-based private equity firm MFG Partners (MFG) has completed the acquisition of Mellott Company (Mellott). The transaction was completed in partnership with Company management and PNC Mezzanine Capital. Terms of the transaction have not been disclosed. Founded in 1920 and headquartered in Warfordsburg, Pennsylvania, Mellott provides a full spectrum

Lindsay Goldberg backs Summit Interconnect

Affiliates of Lindsay Goldberg – a private investment firm that focuses on partnering with families, founders and management teams – have completed a majority investment in Summit Interconnect (Summit), a provider of high performance, complex printed circuit boards serving the aerospace, defence, and other highly demanding commercial sectors, along with

LDC exits Aker Systems

Leading mid-market private equity firm LDC has exited its minority investment in cloud technology company Aker Systems to Abry Partners. Financial details of the transaction have not been disclosed. Founded in 2017, Aker Systems designs, builds and operates ground-breaking ultra-secure public cloud environments and advanced data infrastructure platforms.   LDC

Imperial fund leads GBP1m funding round in energy storage startup Cheesecake Energy

The Imperial College Innovation Fund (ICIF) has led a GBP1 million seed investment round for UK energy storage startup, Cheesecake Energy Ltd (CEL).  The round, which includes Perivoli Innovations, and prominent business angels, will fund the development of CEL’s’s manufacturing capabilities and its lead eTanker storage system. ICIF, which invested

Hercules Capital surpasses USD1.5bn of annual gross debt and equity commitments

Hercules Capital (Hercules), a specialty financing provider to innovative venture, growth and established stage companies backed by venture capital and private equity firms, together with external funds managed by its adviser subsidiary, has originated more than USD1.5 billion year-to-date in annual total gross debt and equity commitments, breaking its previous

CBRE Investment Management to acquire one of Norway’s largest bus operators

CBRE Investment Management, through its Private Infrastructure team, is to acquire  the bus division of Torghatten AS (Torghatten Land), which comprises Norgesbuss AS, Trønderbilene AS, Torghatten Buss AS, Sørlandsruta AS, Fosen Verkstedservice AS and TTS Bil-og, Dekksenter AS. This investment is in keeping with the firm’s commitment to delivering sustainable

Bestport invests in Energy Saving Lighting

Bestport and ThinCats have provided debt and equity funding of GBP19 million to help support continued growth of Energy Saving Lighting (ESL).   David Hall, previously CEO of Polypipe and non-executive Chairman of Aspen Pumps, will join the board as Chairman.   Paul Daly, Founder and CEO of ESL, says:

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