Deals
Geospatial Insight, a specialist in visual intelligence derived from geospatial big-data, has secured a GBP3.5 million growth equity investment from Foresight Williams Technology EIS Fund and VenturesOne Investments.
The financing will be used to expand Geospatial Insight’s machine learning capabilities as well as fast-tracking additional product streams and visual intelligence customer solutions.
The capital injection follows a Series A investment by VenturesOne, growth equity investors, completed in July 2017 and seed funding by Midven, the Birmingham based venture capital company, through the Exceed Partnership Fund in December 2014.
Using a combination of machine learning, big data analytics and
UK bookseller Waterstones has been acquired by funds managed by activist hedge fund manager Paul Singer’s (pictured), Elliott Advisors.
Waterstones operates a chain of 283 bookshops located across the UK and Ireland, and in The Netherlands and Belgium, and had sales of over GBP400 in the year to end April 2017.
Lynwood Investments, controlling shareholder of Waterstones since 2011, will retain a minority stake.
Founded in 1977, Elliott is one of the oldest and largest private investment organisations globally, with funds under management of approximately USD35 billion. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments,
Tikehau Capital, an alternative asset management and investment group, is in exclusive negotiations, to acquire a minority stake in Nexteam Group, a supplier in the machining of complex parts and hard metals for the aerospace industry.
The acquisition of this minority stake alongside the management team aims at supporting the future development of Nexteam Group.
Nexteam Group, which has operations in France, Poland, and Romania, is a French company specialising in precision engineering and the machining of hard metals for the aviation, aerospace, and defence sectors. Nexteam Group employs over 850 people, and generates annual revenues of circa EUR150
Vistra, a provider of international incorporations, trust, fiduciary, private office and fund administration services, is to acquire Radius, a specialist US-based provider of international expansion services, from private equity firm Hg.
The transaction doubles Vistra’s International Expansion Services (IES) business, making it a market leader in IES services, including the number one market position in the USA. Vistra’s IES business helps clients navigate expansion into new markets, including establishing offices, obtaining the necessary licensing to operate in foreign markets and ongoing services, such as compliance and payroll.
Radius, headquartered in Boston with offices across the United States and in
ClauseMatch, a RegTech startup that aims to automate the entire regulatory lifecycle to help companies ensure compliance, has announced a Series A investment of USD5 million led by Index Ventures joined by Talis Capital and with participation from previous investors, including SpeedInvest.
The round also involves investment from high-profile angels Tom Glocer, former CEO of Thomson Reuters, and Cristobal Conde, former CEO of Sungard. The funding will be used to continue to rapidly scale-up and accelerate development of the product.
Compliance, legal, finance, operations and risk departments use ClauseMatch to help automate impact assessments, streamline the implementation of regulatory change and to
Paladone, a designer and supplier of gifting products, has secured a GBP13 million minority investment from mid-market private equity investor LDC, to accelerate its international growth.
Headquartered in Brighton, Paladone specialises in the design, development and wholesale supply of licensed and own brand gifting products. Paladone has established strategic license partnerships with leading global brands including Walt Disney, Warner Brothers, Star Wars and Nintendo. Its own-label brands such as Purple Donkey and Scott & Lawson currently account for 30 per cent of revenue.
With a catalogue of more than 800 products, and offices in Los Angeles and Hong Kong,
Noerr has advised Mutares AG as Corporate Counsel with regard to the stock exchange and capital markets law on the planned IPO of its subsidiary STS Group AG and is also supporting the preparatory corporate actions at the level of STS Group AG.
Mutares was advised by a team led by partners Ralph Schilha and Julian Schulze De la Cruz.
The shares of STS Group AG are to be quoted on the Prime Standard of the Frankfurt Stock Exchange. The company is a leading global system supplier to the car industry of soft and hard trim components for commercial
NorthEdge Capital (NorthEdge) has supported the MBO of Prohire, a specialist provider of commercial fleet management solutions, backing the existing management team led by Managing Director Dave Barlow.
Headquartered in Stoke-on-Trent with an additional office in Tunbridge Wells, Prohire delivers fully outsourced solutions to commercial operators incorporating vehicle specification, procurement, funding and fleet management, with a focus on compliance, minimising costs and maximising vehicle and driver efficiency. The business has delivered strong historic growth and completed the acquisition of Sunrent in December 2016 – increasing the scale of its fleet to around 3,500 units. This enabled Prohire to increase turnover
BuildingConnected, a provider of software for real estate owners and general contractors to facilitate selecting contractors for construction projects, has secured USD15 million in new funding from Brookfield Ventures, Brookfield Asset Management’s new venture fund.
This investment brings the company’s total funding to USD53 million.
“It is rare to have an investor also be a customer. We are excited to have Brookfield as a partner as we seek to expand our geographic footprint and develop new and innovative products for our expanding roster of customers,” says BuildingConnected CEO Dustin DeVan. “Brookfield understands BuildingConnected’s vision to connect every business involved
Kirkland & Ellis is advising Toys’R’Us on the sale of its stores in the DACH region to Irish-British toy retailer Smyths. The transaction volume was not disclosed.
In September 2017, the US toy retail chain Toys’R’Us filed for voluntary Chapter 11 bankruptcy protection. In March 2018, the company announced it would close stores in the United States and the United Kingdom and seek a buyer for its stores in Germany, Austria and Switzerland.
Toys’R’Us entered the German market in 1986 and is one of the largest toy retailers in the German-speaking countries.
Smyths Toys Superstores operates more than
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