Deals
Nanotechnology business, MIP Diagnostics, has completed a GBP5.1 million funding round to accelerate its global expansion. The co-investment has come from Mercia Asset Management, a founding investor and the largest shareholder in the company, and was led by Downing Ventures (GBP1.4m), BGF (GBP2m) and Calculus Capital.Bedfordshire-based MIP Diagnostics has developed a proprietary process for the manufacture of synthetic polymer alternatives to antibodies, known as Molecularly Imprinted Polymers (MIPs) and nanoMIPs. The company develops and manufactures synthetic affinity reagents – small molecules that are designed to bind to specific target molecules for detection, purification or extraction purposes.
The robust nature
AXA Venture Partners has led a USD5.8 million financing round in Unlatch, a French digital real estate sales company, including USD4.5 million in equity and USD1.3 million in debt.
Luxury homeware wholesaler, Fifty One Percent Limited, has secured a GBP250k finance package from the Midlands Engine Investment Fund Debt Finance, managed by Maven Capital Partners.The funding will allow the Leicestershire-based business to hire four additional staff, while expanding its product line and sales and marketing function.
Fifty One Percent operates as a wholesaler and distributor of homeware products including porcelain and chinaware, soft-furnishings, kitchen textiles and bathroom accessories. The firm lists major retailers as customers including John Lewis, Harrods’ and Selfridges. The firm also supplies internationally to Anthropologie, David Jones, De Bijenkorf and Galeries Lafayette.
Husband and wife management
Cloud services technology firm Babble has acquired business telecoms provider Lake Technologies. The transaction, which was funded by mid-market private equity investor LDC, marks the fourth deal completed by the rapidly growing business, after it was backed by the private equity firm in 2017.Lake Technologies has provided business telephony and network services to its customers for over 26 years, who will now be able to take advantage of Babble’s ability to offer the most agile and efficient cloud-based solutions to organisations, allowing them to adapt to the changing world of work.
Babble has thrived since it was private equity
British Patient Capital, a subsidiary of the British Business Bank, has made a cornerstone commitment to Kennet’s fifth fund as it announces its EUR223 million (USD250 million) close.
Meyer Bergman, a private equity real estate investment manager, has acquired a majority interest in a large residential portfolio with assets in Frankfurt and Greater Frankfurt.The majority of the newly acquired portfolio, which consists of 800 residential and 125 commercial units spread over 60 properties, is concentrated in the centre of Frankfurt, where Meyer Bergman is looking to unlock the value of the portfolio through active asset management. This is part of the firm’s strategy of extracting and creating value in micro-markets by identifying cities, regions and sectors that have strong market fundamentals.
The transaction marks Meyer Bergman’s first
INVL Baltic Sea Growth Fund, a private equity investment fund in the Baltic region, has completed the acquisition of a controlling stake (52.81 per cent) in Eco Baltia, an environmental management group for plastic recycling and waste collection in the Baltics. The deal sees the European Bank for Reconstruction and Development (EBRD) retain their 30.51 per cent stake in Eco Baltia and Maris Simanovičs, Chairman of the Management board of SIA Eco Baltia grupa, retain a 16.68 per cent stake (via Penvi Investment Ltd). Both parties have subsequently entered into a shareholders’ agreement with the Fund.
Vytautas Plunksnis, Partner at the
Funds advised by KLAR Partners (KLAR) have completed the acquisition of Empower Group’s subsidiary Empower IM Oy, which combines the Group’s software and BPO activities for smart grids, energy market services, smart energy metering and utilities (Energy Intelligence Division or EID). The completion of the transaction took place on 30 June 2020.
The Energy Intelligence business carried out by Empower IM Oy provides mission-critical software and BPO services for smart grids, energy market functions, smart energy metering and utilities. The company combines a fast-growing Customer Information System SaaS solution and other business applications, which are vital components of the smart meter-to-cash
Cross Rental Group, a portfolio company of private equity firm Lonsdale Capital Partners (Lonsdale), has completed the acquisition of Acclimatise Limited (Acclimatise). The acquisition further cements Cross’ position as one of the largest specialist chiller, boiler, heating & air conditioning rental companies in the UK and Irish market and is a signal of Lonsdale’s commitment to continue to invest capital despite the current environment.
Lonsdale has now completed fourteen bolt-on acquisitions for its portfolio companies and eight platform investments, since closing its first institutional fund of £110 million in April 2016.
Cross, which Lonsdale acquired in December 2018, is
The Rise Fund, a global impact investing fund managed by alternative asset firm TPG, has acquired approximately 1 gigawatt (GW) of solar PV projects from Changzhou, China-based Trina Solar. The solar PV projects included in the transaction are currently operational, under construction or in late stage development nearing ready-to-build status across Spain, Chile, Colombia, and Mexico, and will serve as the first solar PV projects within the portfolio of newly created, Madrid-based Matrix Renewables. Terms of the transaction have not been disclosed.
TPG and The Rise Fund are assembling an industry-leading management team for Matrix Renewables and will leverage the
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
