Foreside Financial Group, LLC (Foreside), a provider of governance, risk management, and compliance (GRC) solutions and technology offerings to clients in the global asset management industry, has acquired Cipperman Compliance Services (CCS), an independent provider of chief compliance officer services to alternative fund managers, registered funds, wealth managers, broker-dealers, family offices, and regulated fintech companies. Founded in 2004 and based in Wayne, Pennsylvania, CCS specialises in providing chief compliance officer services and compliance advisory across the alternatives, registered funds, and wealth management space.  CCS’s team consists of senior lawyers and compliance professionals who bring decades of real-world experience with industry

Aurelius has successfully closed the acquisition of McKesson UK, the parent company of a number of market leading healthcare businesses including LloydsPharmacy, John Bell & Croyden and AAH Pharmaceuticals. This deal marks the fifth completed transaction in less than a year under Aurelius’ co-investment structure.   McKesson UK comprises four divisions and holds a substantial market share across each vertical: retail, digital, homecare and wholesale. McKesson UK’s success has been underpinned by its strong LloydsPharmacy brand, its loyal customer base and its leading commercial footprint across wholesale pharmaceuticals. Over recent years, the company has benefited from the introduction of additional

Novo Holdings’ portfolio company ReViral Ltd (ReViral) is to be acquired by Pfizer for up to USD525 million in total deal value. Founded in 2011, ReViral is a London, UK and Research Triangle Park, North Carolina based privately held clinical-stage biopharmaceutical company focused on discovering, developing, and commercialising novel antiviral therapeutics that target respiratory syncytial virus (RSV).    Novo Ventures, the venture capital team at Novo Holdings, led Novo Holdings’ first investment in ReViral in July 2018 co-leading a USD55 million Series B financing.

BV Investment Partners (BV), a middle-market private equity firm focused on the tech-enabled business services, software and IT services sectors, has made a majority investment in Source Advisors, a specialty tax solutions and software provider focused on the SMB market. Founded in 1983, Source Advisors is a market leading specialised tax solutions and software firm providing R&D Tax Credits, Cost Segregation, §179D, §45L, and LIFO inventory solutions to clients across a range of industries and geographies. The company provides a comprehensive solution suite to its customers through a combination of highly technical consulting and proprietary software tools. The company is

SaaS company Cyclr has raised GBP5.5 million in a new funding round led by Praetura Ventures and Blackfinch Ventures (Blackfinch). Headquartered in London, Cyclr has developed an embedded integration platform (embedded iPaaS) that it sells into the software and SaaS economy. It has experienced significant growth over the past few years, expanding its team by 57 per cent in 2021, and today generates most of its revenue from international clients.

SPS Group has attracted significant new investment from UK-based Pricoa Private Capital, part of Prudential Financial Inc. In addition to supporting SPS’s exciting growth plans, the investment also provides an exit for existing private equity investor, LDC.   SPS (Specialist People Services) is a recruitment business providing critical labour solutions to the logistics market in the UK and internationally. The group encompasses the operating brands Driver Hire Nationwide, Driver Hire Australia, Driver Risk Management and ISS Labour. Annual turnover of the SPS Group is GBP170 million.   LDC first backed the management team, led by CEO Chris Chidley, in 2011

Baker and Bellfield, a supplier of specialist interiors solutions based in Telford, Shropshire, has secured a GBP1.5 million invoice discounting funding line through Cynergy Business Finance. A family-owned business trading since 1993, its special processes include design engineering, metalwork, specialised joinery, and injection moulding. By investing strategically in advanced manufacturing technology, Baker and Bellfield ensures control of its products through design, manufacture, and installation.   The funding from Cynergy Business Finance will enable Baker and Bellfield to replace some of its current banking facilities with a more suitable asset based lending facility, doubling the amount of financing they have available

Inflexion Private has agreed to sell its investment in Marley Group (Marley), a UK manufacturer of pitched roof systems to the construction market, to FTSE250 listed Marshalls plc for GBP533 million. The sale of Marley, will generate a return of 3.5x and an IRR of 58 per cent for Inflexion investors. The announcement follows a record period of divestments by Inflexion over the last 12 months which includes the successful sales of Alcumus, Halo,  Huws Gray, Medivet, Reed & Mackay, and Succession.  Inflexion backed the carve-out of Marley in August 2019 from Etex, a Belgium based building materials firm, attracted by the first-class management

Alternative investment platform CAIS has secured a USD100 million investment from Reverence Capital Partners. The raise is a continuation of the company’s USD225 million round in January, led by Apollo, Motive Partners, and Franklin Templeton which resulted in CAIS’ enterprise valuation exceeding USD1 billion.  Milton Berlinski, Managing Partner at Reverence Capital Partners, also joins CAIS’ Board of Directors, effective immediately. The new investment accelerates CAIS’s mission to modernise how independent financial advisors learn about and gain access to alternative investments. 

IntelyCare, s tech-enabled nurse staffing platform for healthcare organisations in the United States, has secured USD115 million in a Series C financing round led by Janus Henderson Investors. The funding, valuing IntelyCare at USD1.1 billion, also includes investments by prominent new and existing investors, including Longitude Capital, Leeds Illuminate, Endeavour Vision, Revelation Partners, and Kaiser Permanente Ventures.  Since its Series B in February of 2020, IntelyCare’s annual revenue has grown by more than 850 per cent. The company plans to use the new funding to expand its footprint to new states and invest heavily in its AI-based platform and data