Gresham House Ventures, a growth equity investor specialising in digitally-driven businesses in the consumer, healthcare, and service sectors, has made a £1.2 million follow-on investment in plant-based ice cream business NORTHERN BL°C. Made on behalf of the Mobeus VCTs, the investment will enable NORTHERN BL°C to relocate to a new, larger site in its home city of Leeds, supporting its aim to become the UK’s number one plant-based ice cream brand with the business having almost tripled its sales in the last three years.   NORTHERN BL°C will commence its move into the former Bagel Nash production site on North

Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, has sold its portfolio company, Construction Resources Holdings (CR) to International Designs Group (IDG), a portfolio company of Mill Point Capital. Terms of the transaction have not been disclosed. Construction Resources is a distributor of value-added building products in the Southeast, including surfaces, appliances and architectural specialty products. The company is headquartered in Atlanta, Georgia, with showrooms, surface galleries and design centres located regionally. Monomoy initially acquired Constructions Resources and Builder Specialties to create the CR platform. Merging two family-owned and operated businesses that strategically fit together,

Meow, a compliant crypto yield offering for corporate treasuries, has closed a $22 million Series A financing led by Tiger Global, with participation from QED Investors, cryptocurrency exchange FTX, and others. The funds will be used to support the company’s rapid growth with new hires and enhanced product features. Meow provides institutional and corporate investors with a compliant-first approach to participating in emerging cryptocurrency investment opportunities. Since launching in early 2022 following seed financing from cryptocurrency industry leaders and investors, including Coinbase Ventures, Gemini Frontier Fund and Lux Capital, Meow’s offering has quickly been embraced by corporate treasury departments. In

An affiliate of funds advised by SK Capital Partners (SK Capital) is to sell NuCera Solutions (NuCera) to Chase Corporation, a manufacturer of protective materials for high reliability applications for $250 million. Formed through the carve-out of Baker Hughes’ specialty polymer business, NuCera is a specialist in the production and development of high-end polymer technologies and polymerisation methods serving demanding applications. NuCera differentiates itself with a broad portfolio of approximately 120 functional polyethylene and specialty polymers that serve as mission critical performance additives to customers worldwide. The Company operates globally with headquarters in Houston, Texas, a primary production facility in

Ceros Financial Services’ investment banking division, Ceros Capital Markets, has completed an approximately $15 million Series A round for GT Metabolic Solutions, which has developed minimally-invasive incisionless bypass technology for bariatric, metabolic and digestive surgery. The company will use the funding to complete initial clinical trials for its incisionless Duodenal Ilial Bypass anastomosis for bariatric and metabolic surgery.   GT Metabolic’s technology enables incisionless bariatric surgery and involves no cutting, no suturing and no permanent implant, enabling these procedures to move to the outpatient surgical setting. The platform works by creating a delayed anastamosis, a technique that involves the use

Affiliates of Cantor Fitzgerald have launched the Cantor Fitzgerald Sustainable Infrastructure Fund, a closed-end interval fund seeking to strategically invest in a portfolio of private institutional infrastructure investment funds and public infrastructure securities focused on three infrastructure megatrends including digital transformation, decarbonisation and the improvement and modernisation of ageing infrastructure. A primary focus for the fund will be to invest in issuers that are helping to address certain United Nations Sustainable Development Goals through their products and services. Interval funds can provide exposure to private investment opportunities typically available only to institutional investors. As a result, individual investors may gain

Despite stronger headwinds, as inflation and interest rates rise, the impact on deals has been modest compared to 2021 – a record year for UK Tech M&A – says ICON Corporate Finance. In its Mid-Year UK Technology M&A Snapshot 2022, ICON reports that there were 501 UK tech deals announced in H1 2022; 6% lower than last year, but 6% higher than 2019 (pre-Covid). Deal volumes in Q2 were actually higher than Q1 (pre-Ukraine invasion), suggesting little evidence of any slowdown, while valuations remain punchy at just 8% lower than last year.   This comes despite the fact that shares have fallen,

British businesses are increasingly turning to private capital to grow, with the total amount invested in UK companies by private equity and venture capital rising to an all-time high, according to a new report published by the British Private Equity and Venture Capital Association (BVCA).

Warburg Pincus has acquired El Car Wash (El), a fast-growing express car wash operator in South Florida, from affiliates of Wafra, Audrose Partners, and Fireside Investments. The investment will support El’s continued expansion and its commitment to offering best-in-class services to its customers.  Terms of the transaction have not been disclosed. El is a widely recognised brand known for its prime locations, high quality operations, distinctive aesthetics, and industry leading membership program. It is also the Official Car Wash of the Miami HEAT and a partner of Baptist Health. William Blair & Company, LLC served as exclusive financial advisor to

Mill Rock Packaging Partners (Mill Rock Packaging), a portfolio company of growth and operations oriented private investment firm Mill Rock Capital, has acquired Impressions Incorporated (Impressions), a specialty packaging and printing company specialising in the complete production of custom folding cartons and ancillary products for various end markets. Mill Rock Packaging is a growth-oriented specialty packaging company focused on leading design, innovation and technology; strong operational capabilities and unparalleled customer service.  Terms of the transaction have not been disclosed.  Impressions is a specialist in the design, engineering and production of high-end paperboard packaging and commercial printing products for a variety