Deals
Global private equity firm Astorg has signed an exclusivity agreement to invest in ARMOR-IIMAK via its newly launched Mid-Cap fund in partnership with Hubert de Boisredon, ARMOR Group’s Chairman and CEO, and its management team.
De Boisredon and ARMOR-IIMAK’s Management team will remain the majority shareholders with Astorg acquiring a c40 per cent stake in the business.
Headquartered in Nantes, France, ARMOR-IIMAK, is a specialist in thermal transfer ribbons, which are inked films used as consumables for the thermal transfer printing industry.
This transaction marks the second investment made by Astorg’s Mid-Cap fund, and represents a typical Astorg deal, with
AI enabled fintech company Qraft Technologies has closed a USD146 million investment from SoftBank Group Corp. (SoftBank), which includes primary growth capital and secondary capital that will be used to fund share purchases from investors.
Fly Now Pay Later, a British fintech company offering consumers globally an alternative and more flexible way to finance travel, has closed a USD75 million debt funding package provided by funds managed by Atalaya Capital Management to support expansion into the United States – the largest travel market in the world.
As part of the funding package, the New-York headquartered financier has also provided an equity investment into the business.
Building on GBP45 million of new investment made in the previous two equity funding rounds, the alternative payments provider launched in 2015 by Jasper Dykes, has now raised a total of
TMF Group, a provider of global administrative services, has completed the acquisition of Paraty Capital, a Brazilian fund administration platform which focuses on private equity, infrastructure, venture capital and private debt funds.
TA Associates, a global growth private equity firm, and LEA Partners, a technology focused private equity firm, are to merge Enscape, a developer of real-time rendering and design workflow technology for the Architecture, Engineering and Construction (AEC) industries, and Chaos, a specialist in photorealistic rendering technology.
The merger will establish a specialist in the 3D visualisation and design workflow software sectors, with a focus on the AEC, Visual Effects (VFX) and Product Design verticals.
Peter Mitev, CEO and co-founder of Chaos, and Christian Lang, CEO of Enscape, will share the title of co-CEO for the new company. Vladimir Koylazov,
Sky Peak Capital (Sky Peak), a founder-focused, operationally-driven private equity firm, has acquired Jarvis Machine (Jarvis), a supplier of precision machining services to the industrial, defence, photonics, firearms and pneumatics industries.
After making a strategic growth investment in February 2021, Sky Peak recently exercised its option to purchase the entirety of Jarvis, delivering value to the founder, Duane Jarvis, as well as certainty and commitment to Jarvis’ employees, customers and broader stakeholders. While Sky Peak will primarily target control transactions, its flexible mandate provides the ability to structure creative capital solutions.
Founded in 2009, Jarvis is a leading supplier of
Private equity firm OpenGate Capital’s portfolio company, SMAC, a French provider of waterproofing and building envelope solutions, has completed the full exit of its manufacturing division, Industrie, with the sale of its Resins business unit to MAPEI, an Italian leader in the production of adhesives and chemical products for the building industry.
The Resins business unit includes resin manufacturer, Resipoly and Services, and installation specialist, Eurosyntec. Terms of the agreement were not disclosed.
This latest disposal completes SMAC´s exit from its manufacturing division, in line with its strategy to refocus on its core works business (Travaux), which is centred on
ChargeNet, a software platform start-up that integrates electric vehicle (EV) fast chargers, energy storage and solar power with a payment system, has closed a USD6.2 million seed financing round led by Aligned Climate Capital.
mPulse Mobile, a specialist in conversational AI and digital engagement solutions for the healthcare industry, has acquired HealthCrowd, a communications platform-as-a-service innovator focused primarily on the Medicaid market.
mPulse has also secured a growth investment from PSG, a growth equity firm partnering with middle-market software and technology-enabled services companies.
The acquisition comes at a time when healthcare organisations need innovative solutions to engage consumers as the pandemic spurs a dramatic adoption of virtual health. Health plans and providers are adapting to a significant shift towards consumer experience as a measure of performance. By joining two innovative organisations with deep
Praetura Group (Praetura), a North West UK-based debt and equity capital provider to small and medium sized businesses, has reported a record GBP253 million year as demand for its equity and debt services continues to grow.
The Group’s lending division, which comprises Praetura Asset Finance, Praetura Commercial Finance, Praetura Invoice Finance and Kingsway Finance, finished the previous year on a GBP123 million loanbook. However, over 2021 the group grew its collective loanbook to more than GBP200 million, marking its highest lending levels since it was founded in 2011 and a 62 per cent increase from 2020.
Through its lending
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