Deals
Pure Storage, the all-flash enterprise storage array company, has closed an oversubscribed USD150m series E funding round with institutional investors – the single largest private funding in the history of the enterprise storage industry.
Led by T Rowe Price, Tiger Global Management and other public market investors, with participation by its previous venture capital investors Greylock Partners, Index Ventures, Redpoint Ventures, Samsung Ventures and Sutter Hill Ventures, the new funding brings the company’s total capital raise to USD245m and puts the all-flash storage pioneer on-track for a future initial public offering (IPO).
Pure Storage will use the new
Maven Capital Partners has made a further investment in existing portfolio business Fletcher Shipping.
Maven Client Funds, alongside the Scottish Loan Fund (SLF), which is managed by Maven, have provided a GBP5.5m package to part fund the acquisition of a fourth and fifth Platform Support Vessel (PSV), the FS Pisces and FS Sirius.
Established in 2007, employing around 100 people, Fletcher owns and operates PSVs in the North Sea. These vessels support the offshore oil and gas industry by transporting everything an oil rig needs to function 365 days a year including food, consumables, production/drilling equipment, replacement parts
Paymetric, a provider of SaaS-based enterprise security and integrated payment acceptance solutions, has secured a majority investment from Francisco Partners, a technology-focused private equity firm.
The investment will provide Paymetric with a new financial partner to help it capitalise on its current momentum and continue to drive product innovation and global expansion.
Paymetric has grown substantially in recent years as enterprise-level merchants increasingly demand solutions to seamlessly integrate and secure complex payments and other mission-critical data and processes. The new investment from Francisco Partners will allow Paymetric to continue to launch new modules and extend capabilities to meet
New York-based private equity firm Arsenal Capital Partners has acquired International Fiber Corporation (IFC), a supplier of cellulose‐based insoluble fibre products for food and industrial applications globally.
Prior to close of this acquisition, IFC was a portfolio company of Swander Pace Capital.
Founded in 1917, and headquartered in North Tonawanda, New York, IFC’s fibre is used in food applications for a variety of functions including improving taste and texture, enhancing yield and processability, and numerous health benefits. In industrial applications, IFC’s fibre is used to thicken paints, strengthen rubber used in industrial hoses and belts, for filtration as
Risk Capital Partners, the private equity investment firm chaired by Luke Johnson, has completed two major acquisitions in the leisure industry – including the firm’s first move into the online travel market.
Risk Capital Partners has bought a majority stake in Cruise.co (Holdings) Ltd, the owner of the UK’s largest online cruise holiday websites Cruise.co.uk and Cruises.co.uk. This follows the announcement that it has taken a majority holding in Red Hot World Buffet, a UK restaurant groups with an annual turnover of GBP22m.
Cruise.co handles 65,000 cruise passengers every year, which generated an income of GBP64m last year alone.
CableNet Communications, a portfolio company of private equity firm Resilience Capital Partners, has acquired CableNet Services Unlimited, a provider of cable fulfilment services in the Freedom Region of Pennsylvania and New Jersey.
CableNet Communications is Resilience Capital Partners’ first add-on acquisition by its Aero Communications investment platform, which it acquired in October 2012. Aero Communications is a provider of customer-focused technology solutions to broadband and wireless providers, businesses, public venues, government facilities and residential subscribers.
Steven Rosen, co-chief executive of Resilience Capital Partners, says: "I suspect CableNet is the first of many great companies Aero Communications will
Sub-investment grade corporate credit specialist Alcentra, part of BNY Mellon, has invested in CorpAcq plc, a South Manchester-based company committed to the acquisition and investment in strong asset backed, profitable and cash generative owner-managed enterprises.
Headquartered in Altrincham and founded in 2006, CorpAcq has grown its business to manage eight portfolio companies representing more than GBP70m in revenues in the year ending December 2012.
The warranted loan investment transaction was underwritten by Alcentra and co-arranged with private-debt fund Prefequity. Graeme Delaney-Smith (pictured) and Frédéric Méreau of the European direct lending and mezzanine investments team will represent Alcentra on
Private equity investor Risk Capital Partners has completed its acquisition of a majority holding in Red Hot World Buffet to provide development capital for the restaurant group’s further expansion.
Red Hot World Buffet was founded in 2004 by husband and wife Parmjit and Helen Dhaliwal. It now has seven large restaurants across the UK, employing 600 people with a turnover of GBP22m.
The transaction value has not been disclosed.
The buffet restaurant group, which serves English, Indian, Chinese, Italian, Tex-Mex and Japanese dishes, amongst others, has grown from one small site to having seven restaurants in Northampton,
Private investment firm Bregal Partners has made an investment in OmniForce in partnership with OmniForce’s management team and founder.
Los Angeles-based OmniForce is an athletic event production company. Its services include participant marketing and event publicity, participant training and fundraising support, sponsorship sales, and event planning and logistics.
In 2013, nearly 50,000 people will participate in OmniForce’s events. Such events include two-day bike rides and walks, 10 km runs, and obstacle course challenges.
"We are very pleased to partner with a proven and highly successful management team in expanding OmniForce’s collection of events around the world," says Robert Bergmann,
Private equity fund Estancia Capital Partners has acquired a minority non-controlling interest in Stamford, Connecticut-based Sustainable Growth Advisers (SGA).
SGA is a boutique traditional equity manager focused on providing high value-added active US and global growth equity mandates for sophisticated clients. Terms of the transaction were not disclosed.
Michael Mendez (pictured), partner at Estancia, says: “We were attracted to the ‘institutional quality’ of SGA’s investment team and process. The firm’s distinct culture and history of delivering top peer group relative performance are exceptional. We will continue to support a shared vision of creating an investment firm focused on
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12 November, 2026 – 8:00 am
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