Earth Capital Limited (ECL), a UK growth equity impact investor, has launched a new company, Sustainable Energy Holdings Limited (SEHL), formed through a merger of four of its portfolio companies, all low-carbon bioenergy generation assets: Eccleshall Biomass, Limelight Energy, Black Dog Biogas and Bright Light Energy Ltd. These UK-based biomass-fuelled renewable energy plants will now benefit from a single dedicated management team which will focus on operational performance, and a consolidation of financial and commercial functions. Together, these facilities will generate 3.89 MW of base load renewable energy, enough to power 9,000 homes and will avoid the emission of 5,000

Global law firm Dentons has appointed partners Rob Irving and Kuif Klein Wassink as co-heads of the Europe Corporate and M&A practice group. They will be responsible for leading the firm’s corporate and M&A group across Europe and Central Asia and for further developing the market profile and client base of the practice.  In addition, partners Piotr Dulewicz and Olivia Guéguen have been named Europe Co-heads of Private Equity and Venture Capital sector group.  They will be responsible for enhancing the Firm’s offering and client relationships in the private equity sector.   Irving is an M&A and private equity partner with

Thoma Bravo has completed its acquisition of SailPoint Technologies Holdings, a specialist in enterprise identity security, in an all-cash transaction valued at approximately $6.9 billion.  The agreement to be acquired was previously announced on 11 April, 2022 and approved by SailPoint stockholders at the Special Meeting of Stockholders held on 30 June, 2022. SailPoint stockholders are receiving $65.25 in cash for each share of the common stock they owned. SailPoint’s common stock has ceased trading and will be delisted from the New York Stock Exchange.

KKR has completed the acquisition of Barracuda, a provider of cloud-first security solutions, from software investment firm Thoma Bravo. Financial terms of the transaction have not been disclosed. Barracuda is a cloud-first provider of cybersecurity solutions for small and medium sized enterprises (SMEs).  More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. JP Morgan served as exclusive financial advisor to Thoma Bravo and Barracuda. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. Simpson Thacher & Bartlett LLP served as legal counsel to KKR. Guggenheim Securities, DBO Partners and Barclays

MPE Partners (MPE), along with portfolio company Motor-Services Hugo Stamp (MSHS), has acquired Pacific Power Group, (PPG), an industry leading provider of products, parts, and maintenance, repair, and overhaul (MRO) services for marine, energy, commercial, and industrial equipment. MPE and MSHS partnered in the transaction with members of PPG’s management team, led by Bill Mossey.  Forbright Bank and City National Bank of Florida provided financing to support the transaction. BakerHostetler served as legal advisor to MPE. Cascadia Capital acted as the investment banking advisor to Pacific Power Group. Terms of the transaction have not been disclosed.

EdTech startup Microverse, an online school for remote software developers, has doubled its valuation with an extension of $4 million to its Series A round. This brings the total Series A to $16.5 million. The extension came from existing investors Northzone, General Catalyst, All Iron Ventures and business angels, and is further complemented by new investor, True Equity. The new funding has more than doubled the company’s valuation and will enable them to keep building on their mission of connecting international talent to job opportunities worldwide. The investment will also allow Microverse to continue to scale and meet soaring demand. The

Smart Recruit Online has secured an additional £2 million investment from the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund (MEIF), Mercia’s EIS funds and private investors. The Milton Keynes-based company, which currently employs 14 staff, is set to open a digital sales office in the East Midlands and plans to create 15 new jobs in the next two years. The latest funding will also enable it to enhance and scale up its platform in the run-up to raising a Series A investment next year.   Smart

Closinglock, a proptech and fintech startup focused on modernising the real estate transaction process, has closed a $4 million seed round led by LiveOak Venture Partners with participation from RWT Horizons and GTMfund.  The funds will be used to expand its teams across sales, customer success, and product development. Wire fraud is one of the largest problems in real estate today and is estimated to cost the industry over $1 billion per year in lost funds. With Closinglock’s secure portal technology and workflow platform, title and escrow professionals no longer need to share sensitive information via email where the bulk

Left Lane Capital has led a $20 million Series A funding round in Arc, a company focused on establishing a digital bank for software startups. Other investors include NFX, Y Combinator, Clocktower Technology Ventures, Torch Capital, Atalaya, Bain Capital Ventures, Soma, Alumni Ventures, and Dreamers VC, as well as the founders of Wayflyer, Plaid, Column, Chargebee, Vouch, and Jeeves.  The company will use the new funding to accelerate its growth and expand the availability of its treasury and software products built to help startups access and manage capital while retaining equity. The company also announced that Dan Ahrens, Managing Partner at

Denham Capital and Nexif have signed a share sale agreement with Thailand’s RATCH Group PLC for Nexif Energy’s portfolio of Australian and Southeast Asian energy assets at an enterprise value in excess of $1 billion (transaction equity value of $605 million). Denham Capital, the global energy transition investment firm, and Nexif, the renewables focused power development and investment company, founded Nexif Energy in August 2015 to acquire, develop, construct and operate a clean energy-focused power generation and battery storage portfolio across Australia and Southeast Asia while maintaining the highest environmental and social standards.    Capitalizing on the expertise, brand, and