Deals
Circularity Capital has continued to build its portfolio of European growth-stage businesses enabling the circular economy, with an GBP8 million investment in P2i – a global leader in liquid repellent nanotechnology products.
Founded in 2004, P2i works with original equipment manufacturers (OEMs) to enhance devices by making them liquid resistant, providing waterproof protection, improving their reliability and enabling them to survive liquid exposure from everyday accidents. P2i’s range of innovative coating solutions delivers up to IPX8 lifetime protection without the need for mechanical seals or gaskets.
More than 1,000 times thinner than a human hair, the P2i coating
Perseus Group SA (Perseus) has secured senior and mezzanine facilities totalling EUR93 million. The loans, from funds managed and advised by Cheyne Capital (Cheyne), will be used to finance the conversion of the Hôtel du Couvent in Nice and refinance the existing debt of the Hotel Le Pigalle in Paris.
The financing has enabled the successful exit of Platina International (Platina), Perseus’s long-term investor, which has been supporting the group since 2011. Valéry Grégo, Perseus’s founder and CEO, becomes majority shareholder.
A Birmingham-based licensed train operating and driver training company has secured a GBP750,000 funding package to create new jobs roles, develop new products and bolster marketing strategy.
SLC Operations Limited (SLCO) received GBP500,000 from Midlands Engine Investment Fund’s (MEIF) West Midlands Debt Fund, managed by Maven Debt Finance, GBP250,000 from an existing investor, and backed by the Recovery Loan Scheme (RLS).
The funding will also help to create 28 skilled jobs in the region, doubling SLCO’s existing workforce of more than 20 staff.
Iron Mountain Incorporated is to acquire ITRenew, a portfolio company of ZMC. The transaction is subject to customary closing conditions.
ITRenew has established itself as a leading IT Asset Disposition (ITAD) provider serving the global hyperscale segment, focused on maximising the lifetime value of data centre technology through sustainable asset disposition, recycling and remarketing solutions. With its comprehensive portfolio of best-in-class decommissioning and data security services, ITRenew enables its customers to securely protect their data, maximise the value of their hardware assets, and have a positive impact on the environment through IT Asset circularity.
Olsam Group (Olsam) has completed the acquisition of the assets of Flywheel Commerce, a US-based e-commerce aggregator.
The acquisition will help Olsam, which recently raised USD165 million, further extend its footprint globally, in particular across North America. Following completion, the brands of Flywheel Commerce will continue to operate in the US and by leveraging Olsam’s expertise as a UK acquirer, expand them globally, notably into the UK and EU.
GlacierPoint Enterprises, (GlacierPoint), a portfolio company of Mill Point Capital (Mill Point) and parent company of E&M Logistics (E&M) has acquired Jack & Jill, a family-owned direct store delivery (DSD) distributor of Unilever and Nestle ice cream, as well as other food and beverages in the Mid-Atlantic region.
Ken Schwartz, President of Jack & Jill, will continue in his role and join Martin Kelly, E&M’s founder, as a Board Member and shareholder of GlacierPoint.
A disruptive tech start-up has raised over GBP150,000 of investment – and is set to make 20 key hires by the end of 2022 – in a bid to become the ‘Amazon of the global additive manufacturing sector’.
Autentica has developed the first blockchain-powered, AI-based digital supply chain for spare parts and – with private investors matching a GBP76,000 Innovate UK grant – is set to move from proof-of-concept to full launch by March 2022.
Following three years of intensive R&D, Blackpool-based Autentica’s 3D printing marketplace will sell certified digital design files of spare parts – increasing efficiencies in
CGI Automated Manufacturing (CGI), a portfolio company of Chicago-based private equity firm CORE Industrial Partners (CORE), has acquired Precision Metal Fab and Precision Tool & Die (collectively, PMF) a provider of metal cutting and forming solutions.
Financial terms of the deals, which follow CORE’s acquisition of CGI in August and Advanced Laser Machining (AL) in October, have not been disclosed.
Citizens M&A Advisory has served as the exclusive financial advisor to Hire Dynamics, a provider of light industrial workforce solutions, on its acquisition by EmployBridge.
Hire Dynamics was a portfolio company of MSouth Equity Partners, an Atlanta-based middle-market private equity firm. EmployBridge is majority-owned by certain investment funds managed directly or indirectly by Apollo Global Management, Inc. (NYSE: APO) and its subsidiaries and affiliates
Fonds Finanz, a tech-enabled financial intermediary pool focused on the German insurance sector, has secured a majority investment from Hg, a software and services investor.
Co-founders Norbert Porazik and Markus Kiener, will continue to run Fonds Finanz and will lead the future development of the company. Both founders remain significant shareholders in the business. The terms of the transaction have not been disclosed
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
