Deals
Private equity firm ClearLight Partners announced today that it has made an investment in ICS, a provider of IT managed services, in partnership with ICS’ owner, Kevin Blake. Terms of the transaction were not disclosed.Headquartered in Endicott, NY, ICS was founded in 1986 and has grown over its nearly 35-year history to now include three offices in upstate New York serving small and medium-sized businesses across a diverse array of end markets. ICS’ service offering includes managed services, cybersecurity, cloud migration & other project-based services, and hardware and software reselling.
“We are impressed with the organisation and culture that Kevin
Latitude 27 Capital, a private investment firm that supports small and middle market companies, has acquired the assets of JK Jewelry (JK Findings), a 45-year-old global designer, manufacturer and wholesaler of jewellery components, also known as findings. John Kaupp, the Founder and CEO of JK Findings, will retire as CEO and remain as an equity investor and Board member in the newly formed JK Acquisition, LLC.
Tim Tevens, Managing Director of Latitude 27 Capital, says: “We see clear strategic growth paths in both product and market expansion that will fuel the future growth and success of JK Findings. Given the size
Ambienta a sustainability-focused private equity investor, has acquired Namirial, a provider of software that empowers businesses to digitalise their processes securely. Digitalisation is intrinsically linked to sustainability. By enabling businesses to digitalise, Namirial enables efficient remote working and transaction execution, reduces the use of paper and the need for traveling to in-person meetings, and helps businesses make a significant saving in the usage of paper, water, energy, and landfill, as well as reducing their CO2 footprint.
Headquartered in Senigallia, Italy, Namirial provides a wide range of digital transaction management (DTM) solutions – including customer identification, onboarding and authentication, e-signatures, long-term archiving,
INVL Baltic Sea Growth Fund, the largest private equity investment fund for the Baltic region, has agreed to acquire a controlling stake in Eco Baltia, a plastic recycling and waste collection company.
ARQIS has advised Agile Robots on its Series A financing round. The eight-digit investment round was led by C-Ventures, a Hong Kong based venture capitalist for innovative companies founded by cultural entrepreneur Adrian Cheng and further included the existing financial investors such as GL Ventures (Hillhouse), Sequoia Capital China and Linear Venture Capital. ARQIS has been advising Agile Robots and its founders for the last two years and throughout the last four financing rounds. This included the establishment as a stock corporation as well as the set-up of subsidiaries for Agile Robots in Hong Kong and Beijing.
Upon completion of
Scoota, a specialist in automated omni-channel digital branding technology, has announced a GBP2 million round from Notion Capital, the Angel CoFund (ACF) and VentureFounders. The growth funding will be used for rapid US expansion plans for the latter part of 2020 and early 2021.
In the current climate this raise speaks to the strength of Scoota’s business model and technology, offering its clients a completely new approach to fraud-free, automated omni-channel digital branding, all through one single platform. The company, which is based in London and New York, is rapidly increasing its direct-client base alongside its swift expansion into the US
High Road Capital Partners’ portfolio company General Tools & Instruments (www.generaltools.com) has acquired Garden Weasel (www.gardenweasel.com), a provider of specialised lawn and garden tools, from Faultless Brands. The transaction marks General Tools’ second acquisition under High Road’s ownership, having acquired PacTool International in November 2017.
The acquisition comprises Garden Weasel’s assets, trademarks, patents, and related intellectual property, including the Garden Weasel, Garden Claw, and WeedPopper and other easy-to-use cultivators, weeders, edgers, nut gatherers and hand tools with distinctive red handles. Launched in the US in 1975, Garden Weasel products are sold primarily in hardware stores, farm and fleet stores, home
SANNE, a provider of alternative asset and corporate business services, has completed the acquisition of long-term investment specialists Inbhear Fund Service and Inbhear Management Services.
Digital financial services company Alpian, incubated by the Swiss banking group REYL & Cie, has completed a Series A funding round worth CHF12.2 million.
EQT Ventures has led a USD12 million Series A funding round in Peanut, a newly launched social network for women.
Index Ventures and Female Founders Fund also participated in this round, bringing the company’s total funding to USD 21.8 million.
The fresh capital will be used to launch new communities beyond [the already existing] areas of fertility and motherhood, including a space for women living with menopause.
Lyle Fong, partner at EQT Ventures, will use his expertise in community-focused products to aid Peanut’s next stage of growth.
“Lyle’s unprecedented experience of building and scaling community-focused products will be vital as
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