Healthcare Linen Services Group (HLSG), a provider of healthcare laundry services in the Midwest and Central United States, has secured a strategic growth investment from York Capital Management’s private equity group (York Private Equity). Terms of the transaction have not been disclosed. Founded in 1915, HLSG is an outsourced provider of linen management solutions which partners with healthcare administrators, clinicians and staff across the Midwest and Central US to deliver a wide variety of comfortable, bacteria free linens to thousands of hospitals, physician offices, surgery centres, and nursing homes.  HLSG is the fifth platform investment completed in the last twelve

StepEx, an FCA-regulated fintech that provides the infrastructure for universities, business schools, and technical and professional/vocational course providers to offer qualifications in exchange for a share of students’ future earnings, has agreed a world-first deal for a financial institution to buy the receivable assets. Barclays Anthemis will invest an initial GBP500,000 into regulated Future Earnings Agreements (FEA) assets via a special purpose vehicle (SPV), with the right to extend the investment to GBP10 million. This is the first of a number of such deals that StepEx plans to do with asset managers. Founded in 2017, and the only FCA-approved provider

Climate change investor, Climate VC, has announced its three newest investments, after launching last week. Offgrid.Finance, Treeconomy and Deep.Meta are the latest UK-founded start-ups being supported to achieve Climate VC’s aim of removing a gigatonne of CO2e from global emissions through investments in high-potential, high-impact, climate-focused businesses.

Brook + Whittle, a provider of pressure sensitive and shrink sleeve prime labels, and a portfolio company of private equity firm Genstar, is to acquire the Custom Labels Group within Cenveo Worldwide Limited (Cenveo).

BaltCap, together with lead investor Novator Ventures, General Catalyst and Burda Principal Investments, has participated in a USD100 million financing round in Nord Security, a global specialist in internet privacy and security solutions.

Fidel API, a global financial infrastructure platform, has raised USD65 million in a Series B funding. Existing investors NYCA Partners, QED Investors and others also participated in the round which brings Fidel API’s total funding to USD88 million since inception. The Series B financing will allow the company to continue to scale its workforce and product offerings and will also accelerate investments into existing products.

Stockholm-based Digital Therapeutics (DTx) company Alex Therapeutics today announces it has secured EUR3.5 million in a funding round led by European life science venture fund Hadean Ventures and joined by Scale Capital and Bonit Capital. Alex Therapeutics aspires to become the global go-to partner for pharma, and other life-science companies seeking to develop and launch DTx solutions. These digital health products are validated in clinical trials and prescribed by a doctor, similar to traditional therapeutics. This funding round will be used to accelerate Alex’s growth in Europe and the US and to develop novel DTx products alongside both new and

illumifin, a third-party insurance administration and technology provider, has completed its acquisition of LTCG to create one of the largest insurance service providers in the North American long-term care, life, health, and annuity markets. LTCG’s proprietary long-term care administration solutions and claims capabilities will be integrated with illumifin’s third-party administration and technology platform. This combination will deliver end-to-end digital capabilities driving value to insurance companies. illumifin was founded by Abry Partners, a Boston-based private equity firm, and Hoplon Capital, an asset manager focused on digital disruption, after the acquisition of Concentrix Corporation’s insurance third-party administration and software platform.

Postclick, the company behind the Advertising Conversion Cloud, has raised USD20 million in a funding round led by Bridge Bank’s Technology Banking Group. Postclick will use the funding to support the company’s evolution from an agency model to a full technology-led SaaS solution that will continually develop new innovations as an advanced partner to the marketing industry. The funds will also advance Postclick’s machine learning and artificial intelligence offerings, as well as deepen the company’s penetration into vertical markets.

Applied Composites Holdings, LLC (Applied Composites), an aerospace, space and defense composites supplier, has acquired The Companies of North Coast, LLC (North Coast or the Company), a manufacturer of Resin Transfer Molded (RTM) composite structures and tooling, from Unitech Holdings, Inc (Unitech). Terms of the transaction were not disclosed. This marks the sixth acquisition by the Applied Composites platform created by AE Industrial Partners, LP (AEI), a private equity firm specialising in aerospace, defense & government services, space, power & utility services, and specialty industrial markets. North Coast consists of North Coast Composites and North Coast Tool & Mold, Unitech