Hygiene and health company Essity has completed its $400 million-acquisition deal of TZP-backed intimate wear apparel brand Knix Wear. Essity has acquired  80% of Knix’s shares from TZP Group for $320 million with company founder Joanna Griffiths holding the remaining 20% stake. The deal’s closing comes as Knix surpasses the two million customer mark. Founded in 2013, Knix aims to combine performance, technology and design to make intimate apparels for customers at every stage of life. TZP led a series B round funding in Knix last year which reportedly amounted to $53 million. Existing investor Acton Capital also participated in the

Private equity firms Permira and TA Associates are among bidders for automotive software company A2Mac1, with an expected valuation at the higher end of a range of $1 billion to $1.5 billion, Private Equity Insights reported quoting people familiar with the matter. Fellow buyout firms Astorg, Eurazeo and HG are also reportedly interested in the company which is backed by the private equity arm of Rothschild & Co. Founded in the 1990s, A2Mac1 operates and maintains a proprietary web-based benchmarking database for engineers and designers to benchmark against competitors and improve innovation and cost efficiency. Its customers-base includes various steps

Bridge Money (Bridge), a fintech company empowering lower income Americans to earn supplemental income, has raised $5.8 million in a seed funding round led by TMV.  Founder Collective, Kapor Capital, Acumen America, Bread & Butter Ventures, Revolution’s Rise of the Rest Seed Fund, Plug and Play Ventures, Basecamp Fund (Alumni Ventures) and Ulu Ventures, among others, also participated in the funding round.  The investment will help Bridge execute its next phase of development and expansion, including adding to its robust line up of in-app money making opportunities, sourcing and executing additional third-party partnerships, and growing its roster of talent. Bridge

Summa Equity (Summa) has appointed Bertrand Camus, the former CEO of French multinational utility company SUEZ, as a thematic partner. At Summa, Camus will be a member of the Resource Efficiency team, working to identify investment opportunities, develop strategies, and support portfolio companies. Camus will primarily focus on the circularity, waste, and water sectors, drawing on his lengthy career at SUEZ, where his final role was group chief executive officer.  The Resource Efficiency strategy’s five subthemes—circularity and waste, green mobility, healthy low-carbon diets, sustainable industry, and net-zero energy—will receive strong backing from Camus in light of his experience. Camus started

Following the recently announced €210 million final close of Alantra’s Energy Transition Fund (Klima), the funds has led a Series B financing round in Enmacc, one of Europe’s largest over-the-counter (OTC) energy trading platform with over 450 customers.  The financing round, the first in Germany for Klima, also included the participation of Chevron Technology Ventures. The investment in Enmacc represents the fourth investment completed by The Fund and follows the commitment in Swedish decentralised integrated solar company Sunroof, announced on 13 September. Additionally, Klima has completed two other investments with diversification in terms of countries and sectors: US power generator

Fintech SaaS provider Toqio has closed a €20 million Series A funding round led by AlbionVC, with participation from Aldea Ventures, as well as previous investors Seaya, Speedinvest, SIX FinTech Ventures, and angel investors, including Leandro Sigman, Board Member at Endeavor Spain. The €20 million in funding includes a €1.3 million grant from The Centre for the Development of Industrial Technology (CDTI) a public organisation for technology development in Spain.  Toqio is aiming to become the platform choice for creating new fintech solutions. It’s lo-code platform is designed build and launch new banking and finance solutions quickly and easily.  Toqio

Caymus Equity Partners (Caymus Equity) has acquired IT staffing platform Seneca Resources (Seneca), its third staffing sector investment and the second investment from Caymus Equity Partners Fund II. Founded in 2010, and led by Rob Persiano, the Seneca Resources services a nationwide customer base and focuses on the delivery of difficult top-tier technology talent capable of addressing complex IT and engineering workforce needs. Seneca’s deep bench of high-end IT consultants has resulted in tenured relationships with numerous notable clients spanning industries including Government, Healthcare, and Financial Services.  Caymus Equity’s investment provides Seneca with the capital support necessary to continue expansion

Copper Street Capital, a private equity investor focused on the European financial services sector, has divested its minority stake in Italian mobile payments service, Satispay. The mobile payment service, launched in 2015, simplifies every-day payments for consumers and cuts transaction fees for retailers, helping them transition to mobile payments.   Copper Street invested in Satispay in 2018 and since then, the company has achieved an exceptional growth, reaching 3,000,000 consumers and 200,000 merchants, representing an increase of 800% and 450% respectively since the investment. It is currently Italy’s largest mobile payments provider and is expanding across Europe, with offices in

Concert Golf Partners (Concert Golf or CGP) has received a strategic investment from Centroid Investment Partners (Centroid), a Seoul-based private equity firm and the owner of TaylorMade Golf Company (TaylorMade).  Centroid joins Clearlake Capital Group (Clearlake) and management as investors in Concert Golf, a boutique owner-operator of private golf and country clubs focused on providing premium lifestyle offerings and amenities for its members.  Financial terms of the transaction have not disclosed.   Clearlake originally invested in Concert Golf in partnership with the founding management team in April 2022. Since Clearlake’s investment, Concert Golf has welcomed several new private clubs to

Prescott’s, a leading provider of refurbishment, maintenance, repair and service work for surgical microscopes utilised in hospital operating rooms and ambulatory surgery centres and a portfolio company of Atlantic Street Capital (ASC), has expanded into the medical and laboratory steriliser and washer specialty service and support sector with the acquisition of Preventive Maintenance Medical (PMM). Founded in 1997, PMM performs preventative maintenance, service, installations, refurbishments and parts and equipment sales, for surgical suite and laboratory sterilisers and washers. Additionally, PMM has expertise facilitating bulk rebuild projects for large research facilities faced with ageing equipment needs.  PMM’s comprehensive service offering is