Vitesse PSP (Vitesse), a global payment, liquidity and treasury management platform, has raised USD26 million in a Series B funding led by Prime Ventures. The round also includes investments from Octopus Ventures – one of Europe’s largest and most active venture capital investors – who led the 2020 Series A funding, as well as Hannover Digital Investments, the corporate venture capital fund of HDI Group, one of Europe’s largest insurance companies.  Additional participants include existing angel investors and industry heavyweights such as Ron Kalifa, OBE, former Worldpay CEO and author of the Kalifa Review and Shane Happach, CEO of Mollie,

UK space firm, Satellite Vu – one of Seraphim Space’s lead portfolio companies – has signed a launch deal with Elon Musk’s aerospace company, SpaceX, to launch the world’s highest resolution thermal imaging satellite in early 2023. Satellite Vu will be part of a rideshare launch on one of SpaceX’s Transporter missions aboard Falcon 9, which has proven to be the most reliable rockets to launch satellites into orbit in recent years.   The mission will launch the first of Satellite Vu’s seven UK built satellites into a low earth orbit. Satellite Vu has been well funded, so far raising

Onex Renewables (Onex), low-carbon subsidiary of privately led infrastructure investment group Onex Holding, has confirmed the closing of a 221MW Portuguese wind portfolio transaction. Onex has appointed Exus Management Partners (Exus), leading experts in powering sustainable investments through operational excellence – across a 9GW global portfolio – to deliver expert support and strategic advice in the sourcing, structuring and execution of the deal, including the syndication process and financing provided by Banco Santander.  Previously owned by EDP Renewables, the portfolio consists of five wind projects and comes with an 18-year PPA attached. Announced in July 2021, the conditions precedent have been verified

O’Melveny has represented Earnipay, a fintech company that provides flexible and on-demand salary access to income-earners in Africa, in a USD4 million in a Series Seed Preferred Financing led by early-stage venture capital firm Canaan.

Multi-disciplined engineering company, WHP Engineering, has secured a GBP2 million facility from Secure Trust Bank Commercial Finance to support growth, following a surge in demand as a result of the pandemic. Gateshead-based WHP is a specialist in the supply of design and build services for cleanrooms, clean manufacturing solutions and complex process systems. Working across healthcare, life sciences and personal care cosmetics, the business has seen significant growth since it was supported by transformational private equity investor Enact in 2016.   Recent contracts include the Oxford Biomedica facility, completed in 2019, which has since been used to produce the first

Pan-European private equity firm Silverfleet Capital has agreed to sell Pumpenfabrik Wangen (Wangen), a designer and manufacturer of progressive cavity and twin-screw pumps, to Atlas Copco Group. Completion of the transaction is subject to customary anti-trust approvals and is expected to occur in Q1 or Q2 2022.  The terms of the transaction have not been disclosed.    Silverfleet acquired Pumpenfabrik Wangen in 2017, having identified the potential to further internationalise the company based on its highly attractive product portfolio and leading product innovation capabilities. Since then, Silverfleet has backed Wangen’s acquisition of the Germany-based business unit for Progressive Cavity Pumps

Econergy Renewable Energy, an investor, developer and operator in renewable energy projects across Europe, has agreed separate joint ventures with Phoenix Insurance and RGreen Invest totalling over EUR200 million to support the construction of part of its pipeline of projects in Romania and Poland. Phoenix Insurance, the largest insurance company in Israel, will provide Econergy with EUR150 million to support the construction of a number of the company’s solar projects in Romania and Poland that are expected to start construction during 2022. The loan will be divided into EUR110.25 million as a convertible loan and EUR39.75 million as a permanent

Barings, one of the world’s largest diversified real estate investment managers, agreed 14 loans worth more than EUR1.08 billion (USD1.22 billion) across its different debt strategies in Europe and APAC in 2021. This follows a sustained period of growth for the Europe and APAC real estate debt platform over the last three years, which has nearly doubled its loan commitments to more than EUR3.4 billion AUM (USD3.9 billion) in this time, as well as expanded to 12 countries, welcomed nine new appointments to the team and diversified its range of strategies to include senior, construction and whole loans.   Key

Ironwood Capital portfolio company, Uniloy Inc, a blow moulding machine and mould technology company serving the global plastics processing industry, has acquired Century Die Company (Century). Century designs and fabricates a range of blow moulds and provides a variety of ancillary mould services, machining tooling, repairs & refurbishment, inspection, and contract machining services.