Deals
Wolt, a Helsinki-based food delivery service, has secured a USD130 million Series C investment round, led by ICONIQ Capital, to drive growth, expansion into new markets and hiring across operational countries.
Existing investors 83North, the EQT Ventures fund (EQT Ventures), Highland Europe and Lifeline Ventures also participated in the round. This latest investment brings total funds raised by Wolt in the last 18 months to USD160 million, following a USD30 million Series B led by 83North in January 2018.
Founded in Helsinki in 2014, Wolt’s aim is to make it incredibly easy for people to discover and get great food
Newbridge Global Sourcing (Newbridge), a leading specialty finance company focusing on payables funding, recently provided USD30 million in supply chain financing to clients throughout North and Latin America, Europe and Asia.
Clients included a Florida-based distributor of luxury consumer products, a Latin American snack food manufacturer and a New York-based pharmaceutical distribution company, among others.
Newbridge’s differentiated supply chain finance product allows buyers to benefit from extended payment terms up to 120 days while suppliers benefit from the accelerated collection of receivables. Newbridge purchases 100 per cent of clients’ inventory cost, including raw materials, finished goods and packaging supplies.
Mid Europa Partners (Mid Europa), a private equity investor in Central and Eastern Europe, as completed the sale of Bambi, a biscuit producer in the countries of former Yugoslavia, to Coca-Cola HBC AG.
Mid Europa acquired Bambi in 2015 together with Imlek and Knjaz Miloš, the leading regional dairy and natural mineral water players, respectively, forming the consumer group – Moji Brendovi.
Palatine Private Equity has completed the management buyout of SMP Group, after receiving regulatory approval for the deal.
Established in 2007, SMP Group has grown into a leading international provider of fund administration and corporate and trust services. Headquartered in the Isle of Man, the company now employs over 200 people across seven global offices, which include Jersey, Switzerland, Malta, Hong Kong, Cayman Islands and the Bahamas.
The MBO comes as part of a planned leadership succession process which will see the former group business development director, David Hudson, move into the role of group CEO. He will be
IK Investment Partners’ (IK) IK VIII Fund is to acquire LAP Laser Applikationen (LAP), a provider of laser positioning systems as well as quality assurance (QA) software and hardware used during radiotherapy treatments, from capiton.
LAP was established in 1984 and provides laser measurement and projection systems used in highly attractive and diversified niche end-markets within the healthcare and industrial segments.
“With our high precision and easy to use measurement and projection systems, LAP has formed long-standing relationships with our global radiotherapy and industrial blue-chip customers. IK is the perfect partner as they have a genuine understanding of the medical technology
Floreat has completed an investment into fintech firm CreditEnable via its Principal Investment Fund I Limited, which is headed up by Jeff Sinclair.
CreditEnable, which was recently named as one of the Inclusive Fintech 50 by MetLife foundation and Visa Inc, provides technology and credit analytics solutions for Small and Medium Enterprise (SME) lenders. Focusing on expanding access and usage in underserviced areas, the firm develops credit profiling tools for SME borrowers to enable them to secure affordable debt.
Based in London with offices in Mumbai, the firm has commercial relationships with multiple lenders who represent billions of dollars
Carey Olsen’s corporate team in the Cayman Islands has advised Brazilian corporate fitness startup Gympass on its latest funding round which has secured commitments of USD300 million – investment that puts the valuation of the company at more than USD1 billion.
The company, which was founded in Brazil in 2012 and moved its headquarters to New York in 2018, has more than 40,000 gym and studio partners and provides monthly passes to over 2,000 companies in 14 countries so that they can help pay for fitness programmes and classes for workers.
Gympass’ latest funding came from Japanese investment group
Ardenton Capital Corporation (Ardenton) has made its fifth investment in the UK, taking a majority equity position in Manchester-headquartered Food Innovations Baking Group (Food Innovations), a manufacturer of specialist products for the home baking and retail market.
Founded in 2004, the business now has 250 employees across five sites and reports revenues in excess of GBP34 million. The deal incorporates the acquisition of Doric Cake Crafts, Doric Crimped, Doric FPD and Food Innovations.
The business has grown rapidly through acquisitions, as well as strategic investment in new technologies that support the delivery of innovative cake craft, decorations, cake boards and
Intertrust, a global provider of administrative services to corporate, fund, capital markets and private wealth clients, has acquired Viteos, a provider of technology solutions for hedge funds, private equity, real estate, private debt and other alternative asset managers, from PPC Enterprises, FiveW Capital and Viteos management.
Viteos has approximately 715 employees and operates a global delivery model with its headquarters and sales team in the US supported by Centres of Excellence in India. Viteos delivered revenues of USD 52 million, 94 per cent in the US, having grown at an organic CAGR of 22 per cent over the last two
H2 Equity Partners, Sherpa Capital and Auctus Capital Parters have teamed up to create Optimum Alliance, a new network of mid-market private equity investors in Europe.
The Alliance covers key European private equity markets and consists of partners with a proven track-record of value creation and facilitates accelerating European rollouts and privileged access to scarce resources in deal origination and transactions.
The objective of the Optimum Alliance is to create a platform of independent – high performing – firms that can share best-practices, investment experiences, cooperate on deal situations as and when appropriate and allow co-investment.
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Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
