Perforce Software (Perforce), a provider of solutions to enterprise teams requiring productivity, visibility, and scale along the development lifecycle, backed by Francisco Partners and Clearlake Capital Group, is to acquire Puppet, an infrastructure automation software platform which enables users to deliver, update, monitor, and secure software across physical and virtual machines.  Financial terms of the transaction have not been disclosed. By increasing productivity, eliminating mistakes, enhancing security, and accelerating software delivery for DevOps teams, Puppet’s solutions support customers on their digital transformation journeys.  Puppet was an early developer of what is now referred to as “infrastructure-as-code.” More than 40,000 organisations

Family-owned business Triangle Fire Systems, one of the UK’s industry leaders in the installation of fire sprinkler systems, has secured a £9 million investment from BGF. Founded in 2006 by three brothers (Colin, Nigel and Steve Chantler), Triangle Fire Systems specialises in the design, installation, and maintenance of sprinkler systems in domestic, commercial and retail buildings across the UK. With a particular focus on residential developments and high-rise apartments, the business has achieved consistent year-on-year growth, emerging as an industry leader in an otherwise fragmented market.    The investment from BGF will enable Triangle Fire Systems to expand its team

Global private equity investor Advent International (Advent) is to acquire IRCA, an Italian producer of specialty ingredients for artisanal pastries, cakes and gelatos, from global investment firm Carlyle.  Terms of the transaction have not been disclosed. Headquartered in Gallarate, Italy, IRCA currently supports artisan chefs in over 100 countries. It employs over 1,000 people and has seven production plants and four innovation and demonstration kitchens in Europe, North America and Asia. Carlyle invested in IRCA in June 2017 through Carlyle Europe Partners IV (CEP IV), a European-focused, upper mid-market buyout fund.  Advent will work with the current IRCA management team

Pan-European private equity firm Silverfleet Capital has entered into a binding agreement to sell Prefere Resins (Prefere), a specialist in phenolic and melamine resins, to One Rock Capital Partners (One Rock). Completion of the transaction is subject to customary anti-trust and FDI approvals and is expected to occur in the second or third quarter of 2022.  The terms of the transaction have not been disclosed.    Silverfleet invested in Prefere Resins in 2018 having identified the potential to help the Company expand further, both organically and through acquisition. Since then, Prefere has developed well; investing in new capacity, growing its

Netomnia, a provider of full fibre broadband infrastructure, and internet service provider YouFibre (collectively, the “Group”) have secured £295 million in new funding in a round led by DigitalBridge Investment Management (DigitalBridge), the investment management platform of DigitalBridge Group, Inc.  DigitalBridge’s equity investment will come alongside follow-on commitments from existing shareholders Soho Square Capital LLP and Advencap Limited.   Founded by CEO Jeremy Chelot, who has a strong track record in the full fibre network sector, Netomnia is committed to delivering a multi-gigabit broadband network across the UK. The Group has achieved more than 130,000 premises passed since rollout commenced

Investec Bank (Investec) has advised LRG Online (trading as Secret Sales) on an equity fundraising round to accelerate its international expansion.  Investec acted as sole adviser to Secret Sales, which saw existing investors increase their backing at a higher valuation. Secret Sales closed its Series A funding round in June 2021, with the investment used for technological development to scale its e-commerce platform and prepare for international expansion.  The funding announced coincides with the first phase of its European rollout through the launch of two new international websites in the Netherlands and Belgium.  The latest round of investment will further

GripAble, a London-based digital healthcare start-up delivering rehabilitation programmes to people with neurological and musculoskeletal conditions, has closed an $11 million Series A funding round.  The new funding, led by IP Group, with equal investment from Parkwalk Advisors, will enable GripAble to expand its industry-leading data platform and therapy services, with a particular focus on growing markets in Europe and the US.  The successful fund-raise follows a period of significant activity in the US by the company, including its recent partnership with leading medical equipment distributor, Medline. GripAble is also part of a pioneering group of health tech companies led

Superlist has raised €10 million in a seed funding round led by EQT Ventures, with participation from previous investor Cherry Ventures and angel investors. 

Elbow Beach Capital, a decarbonisation, sustainability and social impact investor, has made a £750,000 investment into Glasgow-based electric 4X4 manufacturer Munro Vehicles (Munro). Elbow Beach Capital believes a considerable opportunity exists to decarbonise vehicle fleets within the mining, forestry and agriculture industries, where over 220,000 farms and 2,000 active mines in the UK alone are relying on all-terrain vehicles to carry out daily operations.   Munro has developed the first fully electric 4×4 designed and built in the UK. Having undergone considerable off-road testing, Munro expects its Mark 1 to be production line ready later this year with first vehicle

The Nobel Sustainability Fund managed by Earth Capital, a global sustainable investing private equity specialist, announces an additional GBP3.75 million investment into Propelair, the Essex-based manufacturer of what is believed to be the world’s lowest water-flush toilet system. Further, the company has launched a separate equity raise through the Kickstart.Capital platform with a target of GBP1.75 million to extend its already significant community of commercial advocates and supporters.   The combined funding will assist the company’s R&D into enhanced functionality and more sustainable production techniques, alongside a new online platform that provides customers with real-time and advanced diagnostics. Propelair expects