Deals
The Institutional Limited Partners Association (ILPA) has released guidance regarding the practice of general partner (GP)-led secondary fund restructurings. The guidance was issued in response to the increasing prevalence of such transactions and the bespoke nature of each situation.
The intent of the guidance is to offer specific parameters that allow for an efficient and transparent process, encourage productive dialogue among stakeholders and foster better decision making by limited partners.
“The GP-led secondary process can offer significant benefits to both general and limited partners in terms of portfolio management, liquidity, and value creation towards the end of the life
Mayfair-based alternative finance house IW Capital has today announced an investment in PlayMoreGolf, a flexible golf membership linking individual golf clubs across the United Kingdom under one membership.
PlayMoreGolf provides an alternative to golfers who desire more choice, more value, more flexibility and more convenience whilst enjoying the benefits of golf club membership. The EIS qualifying investment of GBP1 million will be used to accelerate growth through the recruitment of additional staff, focused on sales and marketing.
The golfing sector has seen a decline in the number of full-time golf club members for a number of years. Being a
Meridia Private Equity has invested a minority holding in Kipenzi, an integrated pet care specialist in Spain and Portugal with a growing network of over 125 specialised pet stores, 75 veterinary clinics and eight veterinary hospitals, and revenues in excess of EUR140 million.
Alongside Javier Osa and Álvaro Gutiérrez, Co-Founders of Kipenzi, and the company’s current majority owner, TA Associates, Meridia Private Equity aims to continue accelerating Kipenzi’s growth via a capital injection in order to finance expansion levers across all business lines.
Osa and Gutiérrez say: “We are delighted to welcome Meridia Private Equity into Kipenzi’s shareholding alongside
BGF-backed Woodall Nicholson Group, a manufacturer of specialist vehicles for the funeral, public transport and emergency services markets, has acquired the intellectual property, trademarks and strategic assets of the former Binz & Co, KG and BINZ Holding.
The business is headquartered in Westhoughton, Bolton UK. The deal will add capability to Woodall Nicholson’s existing business, Coleman Milne, which is a market leader within the same sector for UK and Ireland.
The transaction cements the growth of the Woodall Nicholson funeral car business, with the expansion of its ceremonial vehicles business across Europe and the Middle East, offering the complete
Spanish lower mid-market firm GED Capital has made the first investment from its new fund GED VI España with the acquisition of a majority stake in Aircraft Interior Refurbishment España (AIRE), a Company specialised in the maintenance, repair and overhaul of aircraft cabin interiors.
AIRE was founded in February 2000 as an independent Company. Its portfolio of services currently includes the maintenance of seats, galley elements, stowages and panels, the modification and reconditioning of cabins, the manufacture of covers, carpets and adhesive labels and also the certification of modifications to aircraft cabins and its components. AIRE’s clients include aviation companies
RLJ Equity Partners (RLJ), an affiliate of the RLJ Companies, has acquired a majority interest in Virteva, a privately held Minneapolis, Minnesota-based company that is a Gold ServiceNow partner and provider of managed services for digital enterprises.
RLJ will now merge Virteva with Crossfuze to offer a ‘more dynamic global organisation’. Financial terms of the transaction have not been disclosed.
Advancing Crossfuze’s ServiceNow and Managed Services growth strategy, Virteva is bringing a complementary customer base in the United States, and an accomplished team of experts. The new company will have 100 dedicated ServiceNow consultants and developers and over 600
BGF, the UK and Ireland’s most active investor in growing businesses, has invested GBP6 million in BB7, a high-growth fire sector specialist, to create what it says is the leading UK fire and security consultancy through acquisition.
This begins with the acquisition of Manchester-based specialist fire consultancy Omega Fire, which will broaden BB7’s geographic reach and service offering to customers.
BB7 is a fire safety and security consultancy with eight offices nationwide and 60 expert advisors. Founded by renowned fire expert Ben Bradford in 2009, it offers three core services to clients: fire engineering, fire risk management and security
Audax Private Equity (Audax) has made an investment in Astute, a provider of AI-driven customer engagement, digital self-service, and first-party consumer data management software headquartered in Columbus, Ohio.
Ray Carey, CEO of Astute, says: “We’re looking forward to partnering with Audax as we embark on an exciting new chapter of our story. Astute’s mission is to help our clients create amazing customer experiences that drive loyalty, revenue, and brand protection, and we’re excited about the resources and expertise Audax brings to support that mission.”
In the past year, Astute has received numerous industry awards for product innovation and expanded
Behrman Capital (Behrman), a private equity investment firm based in New York and San Francisco, has acquired Waterline Renewal Technologies (Waterline), a division of Triwater Holdings.
Members of Waterline’s senior management team invested in the transaction alongside Behrman. Financial terms of the transaction have not been disclosed.
Waterline is a leading provider of engineered products used in the trenchless rehabilitation of wastewater infrastructure for municipal, commercial, industrial, and residential applications. The Company’s patented line of products and technologies allows its customers to deliver long-lasting solutions that repair sewer systems and wastewater lines without the need for excavation or property
European intelligence platform Atheneum has raised EUR10 million in its latest funding round, on the back of 60 per cent year-on-year revenue growth in the UK.
Atheneum’s London office has seen incredible expansion since opening in 2014, now making up 41 per cent of the company’s global revenue. In an industry valued at over USD5 billion and a part of the global USD200 billion Information Services market, the UK is proving to be Atheneum’s most lucrative market.
The company’s agile approach to leveraging the insights of over 400,000 credible industry experts helps top renowned investment firms, leading global corporations
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
