Accordion, a private equity-focused financial and technology consulting firm, has secured a majority growth investment from Charlesbank Capital Partners (Charlesbank), a middle-market private investment firm, and Motive Partners (Motive), a specialist private equity firm focused on financial technology.  FFL Partners (FFL) meanwhile, a private equity firm focused on growth investments in healthcare and tech-enabled services, has exited its investment in the business by selling its minority stake to Charlesbank Capital Partners.  Nick Leopard, Founder and CEO, and the Accordion team will remain major shareholders alongside Charlesbank and Motive. The growth investment is intended to serve as an accelerant for Accordion’s

Private equity fund Abac Sustainable Value II FCR (Abac), a fund specialised in sustainable value investments in the mid-market segment, has completed the acquisition of the industrial arm of Intermas Group (Intermas).  In parallel, Catral Garden & Home Depot (Catral), a gardening company owned by JPMorgan and Blackpearl, are acquiring the group’s gardening and DIY division. Abac plans to boost growth in Intermas’s industrial business, by promoting the company’s innovative material technology and sustainable product lifecycles.  Intermas, which is headquartered in Llinars del Vallès (Barcelona, Spain), was started by the founding family over six decades ago and currently generates annual

Tailwater Capital (Tailwater), a private equity firm that invests in energy and growth infrastructure solutions, is to sell NorTex Midstream, (NorTex) to Williams Field Services Group (Williams), a subsidiary of The Williams Companies for $423 million.

Growth Capital Ventures (GCV) and its private investor network have successfully exited an investment in threat intelligence platform Intelligence Fusion after the company y was acquired by Sigma7, providing a profitable return for all investors. GCV, based in North East England, has supported the Intelligence Fusion team, headquartered in Durham, since inception in 2015 on both an investment and technology basis.   Through GCV Labs, the company’s venture builder division, GCV worked closely with founder Michael McCabe on the concept from idea stage through to the launch of the core threat intelligence platform. GCV Labs provided a full-service software development

NorthEdge-backed Distology has acquired Squareball Digital (Squareball) a specialist in Identity Access Management strategies. Squareball already works alongside some of Distology’s vendor partners, including Okta and Auth0. The acquisition represents another significant milestone for Distology following the investment from lower-mid market private equity firm NorthEdge in March 2021.   Since investing in the business, NorthEdge has focussed on supporting Distology to invest for growth, which has seen the business expand its team, move offices, launch the Distology proposition in Europe, increase strategic vendor partnerships and gain recognition for the work they do to drive diversity in the technology sector.  

Sentinel Capital Partners, a private equity firm that invests in promising lower midmarket companies, has acquired SmartSign, an online provider of customisable signs, labels, and tags for regulatory, compliance, and safety applications. Terms of the deal have not been disclosed. Headquartered in Brooklyn, New York, SmartSign operates a network of nearly 30 websites, each dedicated to offering highly specialized and customizable products to customers to fit thousands of specific-use cases. SmartSign services businesses of all sizes, including sales to 75% of the Fortune 1000 and across hundreds of verticals, including education, healthcare, and industrials. Sentinel partnered with SmartSign’s management team

Calulus has led a funding round in Optalitix, a provider of low code SaaS products, data analysis and AI models to insurers, and other financial institutions, providing £2.5 million of the total £4 million raised. The funds will primarily be used to expand he sales capacity, invest in marketing and accelerate product development by expanding the engineering team. United Trust Bank subscribed for new equity following an earlier investment and support for the business. Founded in 2013 by Jonathan Shapiro and Dani Katz, Optalitix allows business processes currently based on Excel to be transformed into robust online systems. It currently

Duke Street, a European midmarket private equity group, has agreed to sell Medi-Globe Technologies (Medi-Globe) to DCC Healthcare, a wholly owned subsidiary of the FTSE 100 listed international sales, marketing and support services group DCC plc, for an enterprise value of approximately €245 million (£213 million).  The transaction is subject to completion authority clearance in Germany and France, with completion expected in Q4 2022.   Medi-Globe is an international manufacturer and distributer of medical devices which sells into over 120 countries. The company focusses on single-use accessories for use in critical surgical and diagnostic procedures in the fields of gastroenterology

IQ-EQ, an Astorg portfolio company, has acquired JGM Fund Services (JGM) a US provider of fund administration and tax services for alternative investors specialising in real estate and private equity asset classes. This acquisition further reinforces IQ-EQ’s growing position as a leading player in the US market, the largest and fastest growing alternative fund services market globally. A shared entrepreneurial approach to business coupled with a strong focus on providing high levels of client service and an emphasis on training and investment of its employees positions the newly combined entity as the provider of choice for alternative asset managers.  As

SteelEye, a compliance technology and data analytics firm, has raised $21 million in a Series B funding round led by Ten Coves Capital to accelerate the firm’s global expansion. Existing investors Fidelity International Strategic Ventures, Illuminate Financial, Beacon Equity Partners, and a large family office also participated in the round which takes  takes SteelEye’s total capital raised to $43 million.   SteelEye counts some of the largest financial services firms in the world as clients including Fidelity International and Schroders. The funding round comes on the back of record growth in 2021 when SteelEye’s revenues grew by 88 per cent