Deals
Mid Europa Partners (Mid Europa), a private equity investor in Central and Eastern Europe (CEE), is to acquire 100 per cent of the shares in Urgent Cargus from Abris Capital Partners. The transaction is subject to customary clearance by anti-trust authorities and is expected to close in Q4 2018.
Urgent Cargus is a leading courier, express and parcel (CEP) service provider in Romania, offering last mile delivery to over 85,000 customers, including business clients, e-commerce retailers and private individuals. Urgent Cargus operates a dense network of 5 hubs and 71 stations connected by 360 linehaul routes, which together with its
Rockpool has acquired a majority stake in Primrose, a European online-only garden products retailer. Founded in 2003, Primrose offers consumers a range of over 10,000 garden and outdoor leisure products from ranges including water features, awnings, sail shades, pest control products, planters and screening.
Primrose primarily sources its products from a network of suppliers based in the Far East and sells direct to consumers via its UK and European websites. The company generates half of its sales to UK consumers, a quarter to European customers and the remainder through intermediary websites. Primrose grew revenues to GBP38 million and EBITDA to
Trading, risk and analytics technology provider LightPoint Financial Technology (LightPoint) has completed a Series A funding round led by The Citco Group of Companies, and Ares Management.
TAP Advisors advised LightPoint on the transaction and will take a Board Observer seat.
Michael Arougheti, Chief Executive Officer and President of Ares Management, has been appointed as a board member and will be joined by Citco’s Head of Fund Services, Jay Peller, who will provide strategic consulting and insight into future product development to build upon Citco’s domain knowledge of fund servicing and alternative investment operations.
These board member
Three Hills Capital Partners (THCP) has invested in Recycling Lives Limited (Recycling Lives), a leading UK recycling and waste management solutions provider.
The company operates a fully- integrated business model and provides total waste management for corporates and local authorities and is capable of processing a range of material including scrap metals, waste electrical and electronic equipment, plastics and cardboard.
Recycling Lives was founded in 2008 by brothers Steve and Danny Jackson and is led day-to- day by CEO Will Fletcher. The company ensures the success of its commercial operations deliver more than just environmental and economic value –
Digital wealth manager LIQID has closed a EUR33 million Series C financing round led by Toscafund Asset Management. Existing investors, including Project A, HQ Trust and Dieter von Holtzbrinck Ventures, also participated in the round.
Following the transaction, Toscafund, through Tosca Private Investments Fund (TPIF), a new specialist vehicle targeting small/mid-market private equity opportunities in the European financial services sector, will become a significant shareholder in the Berlin-based disrupter. The transaction – subject to customary regulatory approvals – will be TPIF’s first investment in Germany. It ranks among the most substantial funding rounds in the country’s dynamic fintech space.
EO Charging, one of the UK’s leading electric vehicle (EV) charging manufacturers, has secured GBP13 million funding from London-based infrastructure investor Zouk Capital, also investors in rapid EV charging business InstaVolt.
Founded by Charlie Jardine in 2015, EO designs and manufactures EV charging stations for homes, fleets and destinations. Having previously worked at another UK-based charger manufacturer, Jardine was frustrated by the unreliability of existing charging infrastructure and setup EO with a pledge to make simple and reliable EV chargers.
The company is currently working with Uber, Addison Lee, Google, Toyota Portugal, Hampshire Police and many others to support
Talis Capital (Talis), a London-based venture capital firm focused on early-stage technology companies, has led a USD3 million seed funding round into Edge Intelligence (Edge), developer of the first geographically distributed analytics platform built for both edge computing and hybrid cloud environments.
Existing investors in Edge Intelligence include Jerry Yang, co-founder of Yahoo; Scott McNealy, co-founder of Sun Microsystems, as well as Morado Venture Partners and Wellington Partners. In partnership with Talis and its other investors, Edge Intelligence will invest further in building out its pre-sales, sales, marketing and support functions as well as in expanding its product portfolio, with
Silicon Line, a specialist in developing and providing innovative ultra-low-power optical link technology for consumer electronics as well as commercial and industrial markets, has raised EUR8.2 (USD9.5m) in a Series B financing round led by Capital-E .
Additional investors in the Series B round include LRM, Munich Venture Partners and Unixtar. The financing will be used to ramp-up production of the company’s optical modules – tiny circuit boards inside cable connectors; upgrades to the company’s module factory located in Hasselt, Belgium; the hiring of additional design engineers; and opening of local customer support offices in Asia.
Capital-E, LRM and Munich
Post Capital Partners has partnered with Smith Transportation Services’ existing management team – Steve Smith, Bill Nichols, Jeff Maser and Christine Postlmayr – to purchase the company with its affiliates, including Smith-Cargo and Cargo-West.
Sam Woodward, a Post Capital Executive Partner and transportation industry veteran also participated with the buying group.
Founded in 2001, Smith Transportation is a national full-service third-party logistics & asset-light transportation services provider, with a leading presence in the Florida market. The Company’s comprehensive brokerage servicing offering spans nationwide, across multiple modes of transportation, including Load-to-Ride (LTR), Less-than-Truckload (LTL), truckload and rail/intermodal brokerage. Additionally, Smith
Idinvest Partners has completed three new private debt financings in Technicis, Burger King France and r2p. The latest transactions bring Idinvest’s total direct lending investments amount to EUR330 million so far this year in 15 companies across continental Europe.
Eric Gallerne, co-head of Private Debt at Idinvest Partners, says: “At Idinvest Partners, we look for dynamic companies with high-growth potential to support into international leaders in their fields. These latest transactions and our investment pipeline demonstrate our continued conviction in the strength of the European market. Over the past decade, we’ve continued to develop our private debt activities to provide
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