Deals
The Novo Holdings REPAIR Impact Fund has made a EUR7 million investment in Mutabilis, a company developing novel antibacterials against Gram-negative infections based near Paris, France. This investment will allow the company to accelerate its 2G-Dabocins program, a wide spectrum Gram-negative anti-infective agent, which is currently undergoing lead optimisation.
“We look forward to working with the team at Novo Holdings REPAIR Impact Fund. REPAIR’s commitment to funding the development of novel antibiotics will provide us with the essential support we need to accelerate our lead asset to where it is most needed – the clinic as we strive to bring
Nimbus has acquired the Centrifugal Castings Division of Doncaster’s Group for an undisclosed sum. The division comprises of Teeside based Paralloy and South Yorkshire based FVC both providing specialist engineered products that service domestic and international markets in the petrochemicals, and aerospace industries respectively.Nimbus has backed the senior management team, led by Chief Executive Robert McGowan, to acquire the business and will use its pan European footprint to support Paralloy and FVC’s growth and export plans.
Investment Director at Nimbus, David Keenan, who led the deal, says: “Paralloy represents a great example of UK manufacturing despite these uncertain economic times.
CBPE Capital (CBPE) has completed the sale of its shareholding in Allied Glass (Allied) to a vehicle funded by Sun Capital and Allied management. The terms of the transaction have not been disclosed.Allied is the UK’s leading manufacturer of premium glass containers and is headquartered in Yorkshire. The business specialises in short, flexible production runs of high-quality glass packaging. Allied’s focus is on serving the premium spirits markets. It’s ability to partner with its customers to undertake innovative prototyping work to support successful product redesigns and new product launches has seen Allied benefit from the high growth craft gin segment.
Chester-based Sykes Holiday Cottages, a UK-based independent holiday home provider, has agreed a deal to acquire Pure Cottages Group from private equity investor LDC for an undisclosed sum.The Pure Cottages Group is a collection of five luxury holiday rental agencies, created following LDC’s investment in Lakelovers in December 2017 and its support of the business’ acquisitive growth strategy.
In 2017, Lakelovers managed 500 holiday properties in the Lake District. Today, Pure Cottages Group manages more than 1,500 holiday homes throughout Cumbria, Cornwall and the Cotswolds, having acquired Heart of the Lakes, Lake District Lodge Holidays, Character Cottages, John Bray Cornish
CBPE Capital LLP (CBPE) has invested in Perspective Financial Group Limited (Perspective), following approval from the FCA.Perspective is a UK financial planning and wealth advisory business with a client centric culture, employing over 185 staff across 15 offices. Perspective provides its 18,000 clients with holistic and impartial financial advice to aid them in achieving their investment goals and objectives. Perspective helps clients who are looking for advice on retirement planning, investment, inheritance tax planning, personal wealth or corporate planning. Through its Cambridge Investments Limited offering, Perspective also offers investment management services to its wealth advisory clients.
CBPE is partnering
Private company investment platform Seedrs experienced a record-breaking year in 2019 with GBP283 million invested into pitches, resulting in 49 per cent growth in investment compared to 2018.Seedrs completed 250 deals in 2019, up from 186 in 2018, and delivered 7,858 investor exits on its Secondary Market.
In 2019, Seedrs helped businesses from 16 different countries raise funds, and received investment from 78 different countries. Fifty one per cent of the 250 completed deals were fundraises of over GBP1 million, showing 89 per cent growth in larger funding rounds over 2018. Highlights include Scottish fintech Paysend raising GBP10.7 million in
Crestview Partners (Crestview) has completed the sale of JR Automation Technologies (JR) to Hitachi for USD1.425 billion. The agreement to sell JR was originally announced on 23 April, 2019.
Mike DuBose, Crestview Senior Advisor and outgoing Chairman of JR Automation, says: “It has been a privilege to work with the very talented teams from JR and Crestview. Over the past four years, we have built on JR’s strong entrepreneurial passion for custom automated solutions and put in place systems and processes that have allowed the company to rapidly scale around the world.
“Since our investment in JR in 2015, the
KKR is to acquire OverDrive, a digital reading platform for libraries and schools, from Rakuten USA, a wholly owned subsidiary of Rakuten, Inc. Financial details of the transaction have not been disclosed.
Serving a growing network of 43,000 libraries and schools in more than 75 countries, OverDrive delivers the industry’s largest catalog of ebooks, audiobooks, magazines and other digital media to millions of readers around the world. With its proprietary platform, the Company securely allows these institutions to acquire and manage premium and differentiated digital content from a strong publisher network OverDrive has built over more than 25 years.
“KKR
Thompson Street Capital Partners (TSCP), a private equity firm based in St Louis, has partnered with management to acquire Custom Wheel House LLC, (CWH) a Los Angeles, CA-based designer, marketer, and distributor of branded automotive aftermarket wheels, performance tyres, and accessories through its brands – Method Race Wheels, Tensor Tires, GMZ Race Products, and Dusty Times, a desert racing enthusiast-focused publication.
Terms of the transaction have not been disclosed.
Founded in 2010, Method Race Wheels (www.methodracewheels.com) designs, develops and distributes high performance wheels and accessories for race and street applications. These products represent the company’s commitment to quality, driven
Omnio has held the first close of a private placement, successfully raising gross proceeds of EUR15 million by issuing 23,077 shares at a subscription price of EUR650 per Offer Share.
The Company received substantial interest from new institutional investors, family offices and HNWI across Europe, in particular building a strong investor base in the Nordic region. Omnio intends to increase the total fundraising size up to EUR25 million in January 2020. The net proceeds from the private placement will be used to invest in the Company’s sales force, compliance/risk management, product (platform) enhancements, working capital and to finance a pending
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
