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StepEx raises GBP1.1m to widen access to postgraduate and technical education with “next-generation” student finance

StepEx, the only FCA-regulated fintech startup that provides affordable student finance based on future earnings rather than debt, has raised GBP1.1 million in pre-seed funding.  This follows an earlier angel investment of GBP270,000. Backed by BBVA Anthemis Venture Partnership, Triple Point Ventures, and prominent angel investors — including renowned fintech investor

American Securities’ Credit Business and Birch Grove Capital merge

Private equity firm American Securities’ opportunistic credit business, Ascribe Capital, has merged with Birch Grove Capital (BGC), a credit asset management business. The combined entity, which will be named AS Birch Grove, manages approximately USD5 billion in assets across an opportunistic hedge fund, private credit vehicles, and par credit and

Sudrania opens Toronto office

Sudrania Fund Services (Sudrania), one of the world’s fastest-growing fund administrators, has opened its newest office in Toronto, Canada to introduce its end-to-end cloud-based fund administration platform to institutional investors.  Read the full story at Institutional Asset Manager…

Waystone secures significant growth investment from Montagu Private Equity

Waystone, a provider of institutional governance, risk and compliance services to the asset management industry, has secured significant investment from Montagu Private Equity, a European private equity firm, to accelerate its global growth strategy.   The investment represents a significant opportunity for Waystone to build upon its current expansion plans

Vehicle fleet solution provider Alliance Asset Management secures GBP5m loan

Alliance Asset Management, a UK provider of vehicle fleet solutions, has secured a GBP5 million facility that will be used to support the company’s growth on the back of recent major contract wins. The firm offers vehicle rental and leases to businesses and educational establishments across the UK, working with

Food tech

The pandemic-spurred growth of food tech

Deals in the food tech space have been picking up lately, with Scandinavian food tech startups like Curb, which was founded by Delivery Hero’s former executive Carl Tengberg, and Danish food platform Superb, being the latest in a string of recent growth equity investments in this space.

ARQIS advises OCELL on seed investment

ARQIS has advised Munich-based AI startup OCELL on its seed financing round. With software for digital forestry, OCELL helps forest managers to achieve more efficiency and sustainability.  Business angels from the BayStartUP investor network are now investing a high six figure sum in this technology under the leadership of Andreas

Summa Equity acquires myneva

Summa Equity Fund II (Summa) has acquired a majority stake in myneva, the European software provider for the social care sector.  myneva offers dedicated SaaS solutions across the elderly, disabled, social, and youth care sectors, helping care providers to digitise their workflows to better manage increased demand for care, and

OpenGate completes acquisition of ScioTeq and TREALITY

OpenGate Capital, a global private equity firm, has completed the acquisition of the ScioTeq and TREALITY Simulation Visual Systems (TREALITY) businesses from TransDigm Group Incorporated. Terms of the acquisition have not been disclosed.  ScioTeq and TREALITY develop and manufacture advanced visualisation solutions including ruggedised displays and simulation systems to serve

Micross Components acquires Semi Dice

Micross Components (Micross), a provider of high-reliability microelectronic product and service solutions for aerospace, defence, space, medical and industrial applications and a portfolio company of Behrman Capital, announced the acquisition of Semi Dice, LLC (Semi Dice), a global provider of high-reliability die & wafer products and value-added services. Financial terms

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