WestBridge has exited bChannels following the company’s acquisition by The Channel Company, a US trade buyer with a complementary service offering, backed by US-based Eagle Tree. The transaction marks the second successful exit for WestBridge in the last 12 months and delivers a 4.2x multiple of cost to WestBridge’s investors.   WestBridge backed the buyout of the global technology marketing agency in July 2014 and has worked closely with the executive team over the period to deliver a scalable and repeatable business model.

CVC Credit has further supported Markerstudy Group (Markerstudy) by providing incremental facilities for the add-on acquisitions of Clegg Gifford Co Ltd (Clegg Gifford), a UK-based Lloyd’s broker which provides personal and commercial insurance products and, BGL Insurance (BGLi) a digital-focused, personal lines insurance broker in the UK. CVC Credit has supported Markerstudy since January 2021, when it financed Pollen Street Capital’s and Qatar Insurance Corporation’s investment in the business.   Founded in 2001, Markerstudy is one of the fastest growing general insurance players in the UK with close to six million policyholders, it is known for its investment in technology,

Four separate private equity firms are considering a cEUR1.5 billion bid to acquire a stake in Ligue 1 – the top professional football league in France – according to a report by the Financial Times. CVC Capital Partners, Hellman & Friedman, Silver Lake and Oaktree Capital are all said to be preparing formal bids for a take in a newly created company that will market Ligue 1’s TV and online broadcast rights. Silver Lake is already involved in football through its holding in City Football Group, the owner of Manchester City and a stake in the French Ligue 1 club ES

Pantera Capital and Patron, an early-stage venture capital firm, have co led a USD6 million seed funding round in Web 3 startup, Fast Break Labs. Other participants in the round include: Brooklyn Nets owner Joseph Tsai’s family office; Marc Merrill and Thomas Vu of Riot Games, the developer of the League of Legends video game; and Sacramento Kings co-owner Aneel Ranadive. Fast Break Labs is the company behind the forthcoming Virtual Basketball Association, an online fantasy sports league built on the Solana blockchain. Users will need to buy packs of player NFTs to build their teams and then compete against

The RMA Group of Companies (RMA), a portfolio company of OceanSound Partners, has acquired Coating Specialists and Inspection Services, dba CSI Services (CSI), a specialty coating inspection services business based. Following the previously announced merger with Western Technologies (WT), the acquisition of CSI is RMA’s second transaction as it executes an acquisition-driven growth strategy to build a national test and inspection services platform for critical infrastructure end-markets.  Terms of the transaction have not been disclosed.   Founded in 2004, CSI provides specialty inspection services of protective paints and linings used to prevent corrosion of critical infrastructure assets, including water storage

Global law firm Mayer Brown has reported a record-breaking year for its UK private equity team after advising on 26 deals worth USD3.5 billion in 2021, a 25 per cent increase on the USD2.8 billion worth of deals it advised on in 2020. This also represents a 65 per cent increase on the 16 deals it advised on the previous year as Mayer Brown’s UK private equity practice, led by Head of Private Equity Perry Yam, continues to grow.   The UK practice has also seen an increase in cross-border transactions in 2021, advising on deals in 22 countries compared

OneOrder, an Egypt-based logistics startup, has secured USD1 million in funding round led by venture capital firm A15. OneOrder, which was founded by Tamer Amer, the man behind the Fuego Sushi and Longhorn Texas BBQ Egyptian restaurants chains, supplies meat, vegetables, and equipment.

AE Industrial Partners (AEI), a US-based private equity firm specialising in aerospace, defence & government services, space, power and utility services, and specialty industrial markets, has reached a definitive agreement to acquire a significant stake in Firefly Aerospace (Firefly), an specialist in economical launch vehicles, spacecraft, and in-space services, from Noosphere Venture Partners (Noosphere). Transaction closing is subject to the satisfaction of regulatory approvals, including Hart-Scott-Rodino (HSR) clearance. Other terms of the deal have not been disclosed.

illumifin, an insurance third-party administration and software provider backed by private equity firm Abry, is to acquire LTCG, a provider of administrative solutions and clinical services to the long-term care insurance industry. The transaction is expected to close within the next 60 days.   The strategic acquisition will make illumifin one of the largest insurance third-party administrators in the country with leading capability in underwriting, policy administration, health risk assessments and claims management. By combining illumifin’s third party administration and technology solutions with LTCG’s proprietary long-term care administration platform and claims capabilities, the company will be well positioned to advance