Atlantic Street Capital (ASC), a private equity firm that invests in lower middle market companies, has signed a definitive agreement to sell Advancing Eyecare, North America’s provider of ophthalmic instruments, to Cornell Capital. The transaction is subject to customary closing conditions and is expected to be completed in the second quarter of 2022.  Kramer Levin served as legal counsel to Advancing Eyecare and Houlihan Lokey served as financial advisor. 

Quality Clouds, the developmental governance platform for ServiceNow and Salesforce, has secured £3.5m of investment from funds managed by YFM Equity Partners (YFM), alongside participation by incumbent shareholders and incoming non-executive directors and advisers. Mark Sutherland has joined the board as chair and John McAdam as non-executive director, with Kevin Tumulty and Sander Daniels joining a new Strategic Advisory Board.

Mitiska REIM, an investor in European convenience real estate, has secured €110 million in green loan financing agreements with KBC Bank. This is in several transactions, including €58 million to refinance Malinas retail park and a further €42 million to fund acquisition opportunities in the Netherlands.  These green loans distinguish themselves from conventional loans by including climate risk elements in the financing frameworks, with the availability of financing now clearly linked to factors such as minimum BREEAM scores, CRREM decarbonisation pathways, restriction to build in high-flood risk areas and reporting of energy consumption data.

White Oak Global Advisors LLC (White Oak) has provided a $21.3 million senior credit facility to Omni Recycling (Omni), a single-stream recycling and waste disposal company.

Turquoise, the UK merchant bank specialising in energy, environment and efficiency, has made an investment by Low Carbon Innovation Fund II (LCIF2) in RideTandem, forming part of a capital raising round of over £1.75 million. RideTandem is a mobility-as-a-service start-up, provides affordable and reliable transport solutions for those affected by transport poverty.

Sanlam Private Equity (SPE) has successfully negotiated the sale of three private equity investments in the past 12 months, with expected sale proceeds totaling cBRL1.9 billion. SPE’s exits from Consol, Weldamax and Metrofibre Networx come after the creation or preservation of a significant number of jobs over the investment period.

Pyramid Analytics (Pyramid), a decision intelligence platform provider has closed a Series E funding round of $120 million, bringing the company’s total venture capital raise to more than $200 million. The round was led by HIG Growth Partners, the dedicated growth capital investment affiliate of HIG Capital, a global alternative investment firm with over $48 billion of equity capital under management. Other participants include, Clal Insurance Enterprises Holdings, Kingfisher Capital, and General Oriental Investments. Early investors who participated in this new round are JVP, Maor Investments, Sequoia Capital, and Viola Growth. 

iCIMS, a provider of cloud-based talent acquisition solutions, has announced that TA Associates (TA), a global growth private equity firm, will invest in the company, alongside existing investor Vista Equity Partners (Vista). Vista, a global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, first invested in iCIMS in 2018 and has since supported the company’s global growth.  Vista and TA will maintain equal economic ownership in iCIMS and will partner together to further accelerate global growth and product development expansion at the company.  Susquehanna Growth Equity, which first invested in iCIMS in 2012 and made an additional

Johannesburg Stock Exchange (JSE), the largest stock exchange in Africa, has launched a new equity market data analytics platform in collaboration with big xyt, a provider of smart data and analytics solutions to the global trading and investment community. The platform is an innovative new information service that will leverage big xyt’s Liquidity Cockpit for security analytics.

Akselos – leader in physics-based digital twins – has closed a $16.5 million funding round, with participation from AT Capital Group, Future Energy Ventures, Japan Energy Fund and Shell Ventures. With the latest investment round, Akselos will acquire an investor base to support the company’s ongoing global growth, enabling it to scale both its team and solutions to optimise the energy industry’s existing infrastructure and accelerate large scale deployment of renewable energy.  This is a crucial step toward the company’s aim of providing technology to enable the energy transition in line with Akselos’ commitment to the IEA Net Zero 2050