Deals
GPSTrackIt, a portfolio company of private investment firm Inverness Graham, has acquired Tracking Solutions Corporation & its subsidiaries (collectively, TSO Mobile).
GPSTrackIt is a leading provider of SaaS based asset-tracking and fleet management solutions across North America. The acquisition of TSO Mobile expands the Company’s reach into Latin and South America, provides an attractive fleet tracking capability in the municipal bus market and offers a high growth solution in Electronic Logging Devices.
“TSO Mobile’s diverse customer base across multiple end-markets is a great fit for GPSTrackIt,” says Michael Morrissey, Managing Principal of Inverness Graham. “Their brand, go-to-market strategy and non-US
Gresham House’s infrastructure & housing investment platform, the British Strategic Investment Fund, is acting as the sole outside investor in the financing of 30 megawatts (MW) of operational grid-scale energy storage assets.
The transaction is the first investment for the Fund which held a first close in 2017 with GBP150 million of commitments raised from institutional investors including Local Government Pension Schemes (“LGPS”).
The Fund has invested through a combination of senior cash paid loan notes and equity in a dedicated project company. The project involves 30MW of battery storage assets spread across three sites in Nottinghamshire, Bristol and
Greencoat Renewables an Irish renewable infrastructure company, is to acquire Lisdowney, a 9.2MW wind farm situated in County Kilkenny, for a total consideration of EUR22.5 million.
Lisdowney wind farm consists of four Enercon E82 turbines. The wind farm was commissioned in November 2016 and its revenues are contracted under the REFIT 2 scheme until 2031, guaranteeing a minimum floorprice for the electricity generated. Following the acquisition Enercon will continue to manage the wind farm’s O&M contract.
The acquisition will be subject to an adjustment mechanism that will assess actual energy production over an 18 month period and the acquisition
Private equity firm Horizon Capital has backed the initial public offering (IPO) of Purcari Wineries (Purcari) which is now trading on the Bucharest Stock Exchange under the ticker WINE.
The offering was well received, with retail investors oversubscribing more than four times over, despite heavy turbulence on global markets as the Dow recorded its two largest point-drops on record. As a result of this successful public launch, Horizon Capital, on behalf of its fund EEGF II, has sold a 40.9 per cent stake in Purcari, realising a 3.2 times gross cash-on-cash return on the sale of these shares. Horizon Capital remains an active
Consett-based renewable energy company set for expansion after securing investment from Durham County Council Fund.
The Finance Durham fund, managed by Maven Capital Partners (Maven), has completed a GBP650,000 investment in Consett-based biomass energy plant, SDS Inc Limited (SDS).
SDS generates heat, gas and electricity from wood chippings, producing solid wood fuel briquettes, a cheaper alternative to the traditional seasoned hardwood used for wood burning fires and stoves. The investment will allow SDS to purchase additional machinery to improve efficiency and sell wood briquettes on a commercial scale for use in log burners.
The investment into SDS is
Property Innovation Labs (Pi Labs), a property tech venture capital firm, has secured a strategic equity investment to accelerate its global growth, led by Värde Partners.
The new capital injection will be used to scale the business as part of Pi Labs’ aim to create a globally diversified portfolio. London-based Pi Labs, which separately closed its second fund of USD10 million in June 2017, will continue to bolster its investment capabilities with larger funds going forward. The VC firm also continues to explore expanding internationally over the next 18 months.
This investment gives Värde, along with the other participants in the
IK Investment Partners’ (IK) IK VIII Fund is to acquire PwC Sweden’s (PwC) business services division for accounting, payroll and related advisory services (Business Services).
Business Services will continue to operate under a new brand which will be developed during the upcoming months.
Business Services is the market leader in accounting, payroll and related advisory services with 71 offices and approximately 1,100 employees across Sweden. Business Services, which operates as a separate division within PwC, supports over 27,000 small and medium-sized enterprises (SMEs). Business Services had a turnover of more than SEK 950 million in 2017, and has shown
European private investment fund Capzanine has made an investment in EOS Corrugate, joining the company’s existing management team and historical investor Eximium to support the group’s development.
Founded in 2013, following Rodicut’s acquisition of Bricq (formerly Voith Paper), EOS Corrugated is one of the world leaders in the production of technical consumables (polyurethane anvil covers, rotatory cutting dies, corrugated belts, and more), mainly for the corrugated cardboard industry. The group, which has 120 staff and a turnover of more than EUR20 million, enjoys international exposure with a presence in over 70 countries.
Capzanine is taking over the majority of
BlackRock’s Global Infrastructure Debt Team closed more than USD400 million through seven long-term debt investments across the renewables sector on behalf of its clients in 2017, supporting circa 2800 megawatts (MW) of generating capacity.
This brings the Global Infrastructure Debt Team’s total renewables debt portfolio to over USD1 billion, forming part of the total USD8 billion in Assets under Management (AuM) managed by the team.
Most recently, the team has closed a bilateral solar debt financing in the UK, the financing of the Walney Extension Offshore Wind Farm, where BlackRock was involved from the outset in structuring and negotiating
Mobile marketing platform Adikteev has secured USD12 million in its Series B round for further international growth outside of its home base in France, as well as research and development efforts.
Ring Capital and BNP Developpement led the round to which ISAI, Ventech and Laurent Asscher also contributed. Adikteev uniquely combines state-of-the-art creative technology, data and artificial intelligence to deliver ROI for advertisers and app developers.
“In just five years, Adikteev has reached an unprecedented level of strategic growth from seizing new opportunities in the marketplace,” says Xavier Mariani, CEO of Adikteev. “This new round of funding will help
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
