Deals
Great Rock Capital, an asset-focused commercial finance company specialising in middle market lending, has closed a USD10 million credit facility to a leading skilled nursing and assisted living provider that operates 64 facilities in the Southwest USA.
Great Rock Capital’s investment – USD10 million of a USD20 million credit facility – marks the firm’s first underwriting in the healthcare industry.
“We are pleased to partner with an experienced healthcare lender on this transaction,” says Stuart Armstrong, CEO of Great Rock Capital. “This investment is Great Rock Capital’s first opportunity to provide growth capital to a customer in the healthcare industry, an industry we are targeting to
BioMed Partners has invested in Tolremo therapeutics as part of USD9.3 million Series A financing round.
Tolremo therapeutics was founded in March 2017 as a Spin-off from ETH Zürich. Tolremo’s proprietary platform has the potential to change cancer therapy by targeting resistance-causing molecular mechanisms up-front, thereby addressing drug resistance proactively before it develops.
Tolremo therapeutics has also further strengthened its Board of Directors with the oncology, medical and industry experts Dr. Erich Greiner, Prof. em. Thomas Cerny, and Dr Andreas Wallnöfer. Dr Wallnöfer, General Partner BioMedPartners will represent BioMed on the board.
Snyk, a company that helps organisations use open source code securely, has closed a USD22 million Series B investment round led by Accel, with participation from GV and existing investors Boldstart Ventures, Heavybit and others.
Open source software (OSS) is embraced by over 95 per cent of enterprises, which dramatically accelerates software development but also introduces substantial risk. Developers draw vast quantities of OSS components into their apps, unaware that many carry known vulnerabilities, or are outright malicious. In fact, 77 per cent of applications carry such known vulnerabilities, and only one in four OSS maintainers audit their code regularly.
Global fashion brand Michael Kors Holdings Limited is to acquire all of the outstanding shares of Italian luxury fashion house Gianni Versace for a total enterprise value of EUR1.83 billion, or approximately USD2.12 billion.
Versace, long recognised as one of the world’s leading luxury fashion companies, is synonymous with Italian glamour and style.
John D Idol, Chairman and Chief Executive Officer of Michael Kors Holdings Limited, says: “The acquisition of Versace is an important milestone for our group. Versace was founded in 1978. For over 40 years, Versace has represented the epitome of Italian fashion luxury, a testament to
Private equity fund manager and central and eastern Europe specialist, ForeVest Capital Partners, has closed a general partner-led secondary transaction of a fund on which it advises, PineBridge New Europe Partners II, LP (NEP II).
In this transaction, a new investment fund, advised by ForeVest, has acquired portfolio companies from NEP II. The Strategic Equity team of EUR32.9 billion specialist asset manager Intermediate Capital Group (ICG) led the transaction from the buyer’s side and has become the largest investor in the new fund.
Forevest Capital Partners specialises in growth equity investing in Central Europe and partners with entrepreneurs in local
Alder II AB (Alder), a Nordic investment fund focussing on developing sustainable technology companies, together with the management team, is to acquire 100 per cent of the shares in Scanacon Intressenter AB (Scanacon) from Verdane Capital VII K/S (Verdane).
Scanacon is a provider of acid management systems used in the production of special metals. The company provides solutions to achieve safe, efficient, high quality treatment of metal product at the lowest cost, while enabling recycling of acid waste and minimising usage of scarce resources. Scanacon is headquartered in Stockholm and supplies the global market from its offices in Sweden, USA
Audax Private Equity has acquired a controlling interest in Acuant from Insight Venture Partners, Lightview Capital and Egis Capital Partners.
Yossi Zekri, President and CEO of Acuant, says: “We selected Audax because they share our vision and commitment to creating frictionless, trusted transactions that protect businesses from unnecessary risk. By bringing on Audax as an investment partner, we now have what we believe are the strategic resources to dramatically accelerate Acuant’s growth. With Audax on board, we plan to accelerate expansion into new product lines while continuing to innovate within our current product portfolio.”
Thus far in 2018, Acuant
Funds advised by Apax Partners have acquired Authority Brands, a North American franchisor of home services, from PNC Riverarch Capital.
The financial terms of the transaction have not been disclosed.
Founded in 1996 and headquartered in Columbia, Maryland, Authority Brands is the parent company of two home services franchisors: The Cleaning Authority, which provides residential cleaning services to over 100,000 customers across the US, and Homewatch CareGivers, which delivers at-home services including elderly, disabled and after-surgery care, as well as help for those living with dementia. Authority Brands operates over 300 franchises in the US, Canada and Latin America,
Hedge fund stalwart, Lord Stanley Fink, has made a GBP3 million investment in UK-based turnkey homes specialist, Project Etopia.
Project Etopia creates turn-key properties that combine passive design, affordability, renewable energy generation, intelligent heating and cooling systems and smart home technology.
The cash injection from former Conservative Party Treasurer Lord Fink – currently Chairman of investment manager ISAM Europe – will help the company scale up its operations and market share over the next two years. It comes as councils increasingly turn to turnkey building to rapidly boost stock levels of quality homes at drastically lower cost than traditional
Octopus Investments, part of Octopus Group, has announced a GBP10 million over allotment facility for its current AIM VCTs fundraise.
Octopus has rapidly reached the initial GBP20 million target within just seven weeks and is now offering a further GBP10 million of fundraising capacity to meet investor demand.
The VCTs have existing portfolios of around 75 companies which have been built over a number of years and aim to provide investors with long-term growth as well as income through their established dividend policies. They offer investors access to a wide range of AIM listed growth companies across a diverse
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
