NPIF Maven Equity Finance, managed by Maven Capital Partners (Maven) and part of the Northern Powerhouse Investment Fund (NPIF), has invested £2 million in Ideiio, a Salford based software as a service (SaaS) cyber security business. Ideiio specialises in Identity Governance and Administration (IGA). Its software enables organisations to manage control of access rights across the entire business and automate key functions such as compliance and audit reporting. The majority of competitor IGA platforms in the market focus on larger enterprise clients, whereas Ideiio’s technology is targeted at the under-served mid-market. It provides a valuable solution which helps its customers

Biosynth Carbosynth (Biosynth), a supplier of critical products and services to the life sciences industry, has acquired Pepscan, an expert provider of peptide-based products & services and portfolio company of the KKR Health Care Growth fund. Biosynth’s ability to deliver chemical manufacturing services “from the first idea to the finished product” is now matched in peptides, with Pepscan’s expertise in both lead discovery & optimisation and GMP production combining with the capabilities of vivitide, the US peptide specialists, which joined Biosynth in March. The two companies will form Biosynth’s new Peptide division, with broad capabilities and offering to the pharma

French speciality pharmaceutical company, Juvisé Pharmaceuticals has completed a transaction with AbbVie, regarding the acquisition of the worldwide commercial rights of Pylera. Financial details of the transaction have not been disclosed.   A €400 million financing was raised with Société Générale, Juvisé Pharmaceuticals historic and lead bank, supporting the funding of this latest acquisition together with the refinancing of its existing debt. Lazard and Latham & Watkins served as financial and legal advisors for Juvisé Pharmaceuticals, whereas White & Case served as legal advisors for Société Générale.

Birmingham-based smart-EV and energy storage startup WAU (We Are Universal) has raised £650,000 in a pre-seed funding round with Angel Investment Network, the world’s largest online angel investment platform. WAU, launched in 2018, is a fast-growing smart-EV vehicle platform transforming urban mobility. The product offering includes: WAU Bikes, a smart, long range electric bike with a powerful onboard computer, the two-wheel version of the smart electric car; and soon unveiling the WAU Powerwall, enabling the bike’s power cells to be linked together to serve as power storage for solar homes and power plants among other uses. Finally WAU vision, its

Alberta Enterprise has reached a CAD1 billion venture capital investment milestone in Alberta technology companies with its venture capital fund partners in 2021. Alberta Enterprise’s venture funds have invested in 65 Alberta technology startups which has created more than 2,400 direct jobs and an estimated 11,500 indirect jobs in the province. The impact of Alberta Enterprise’s investments in Alberta’s technology sector is highlighted in its newly released annual report. Alberta surpassed venture capital investment records set in 2019 and 2020, with CAD561 million invested into 87 companies in 2021. The momentum continued in Q1 2022. Several large deals closed for

Shareholders in SailPoint Technologies Holdings (SailPoint), a specialist in enterprise identity security, have voted to approve the company’s pending acquisition by software investment firm Thoma Bravo. The final voting results on the proposals voted on at the special meeting will be set forth in a Form 8-K filed by SailPoint with the US Securities and Exchange Commission, after certification by SailPoint’s inspector of elections. As previously announced, under the terms of the merger agreement, SailPoint stockholders will receive $65.25 in cash per share of SailPoint common stock they own. The transaction is currently expected to close in the second half

Konsileo, a commercial insurance broker and risk management adviser, has completed a £4.7 million Series A funding round led by Growth Tech VC Committed Capital, which first invested in Konsileo in 2018, and which provided £3.23 million of the current funding round.

A £15 billion ($18 billion) takeover approach for UK Power Networks led by KKR & Co has collapsed after one of the firm’s joint owners attempted to hike the sale price, according to a report by The Financial Times.

Xelix, the world’s first Accounts Payable Control Centre, completed a $5 million Series A investment round led by Fintop Capital, with participation from existing investors Passion Capital and Localglobe.

Irish private equity firm, Melior Equity Partners, is to invest in Rose Confectionery, a manufacturer and distributor of confectionery, freeze pops and savoury snacks, headquartered in Ireland with operations in the UK. Established in 1983, Rose employs 87 staff, with 33 in its manufacturing facility in Edenderry, Co Offaly, 27 in its distribution centre in Dublin and the remaining 27 in the UK.   Rose is Ireland’s leading manufacturer of mallow and wafer products at its 18,000 square feet facility in Edenderry. The business sells a broad product range including freeze pops, mallows and fruit & nuts which includes the