Deals
Strong demand for full fibre broadband and high levels of customer satisfaction have seen rapidly-growing independent Internet Service Provider (ISP) Trooli secure a GBP67.5 million senior debt facility with the support of the Connecting Europe Broadband Fund (CEBF) team – with attractive terms from a consortium of commercial lenders, with potential for a further increase depending on business needs.
The funds will be used to expand the reach of Trooli’s Gigabit-capable network as it increases from more than 100,000 premises today to 170,000 by the end of 2021, 400,000 during 2022, and rising to one million in 2024.
The
Souter Investments, a private equity-focussed family investment office, has continued its deal making during 2021 with the announcement of the sale of Pet Network International plus the completion of three new investments.
The new investments span a variety of sectors and geographies ranging from sustainably sourced fashion to climate finance and carbon neutral solutions for the voluntary carbon market, and from global fuel and oil testing to UK domestic landline, broadband, TV, and mobile services.
The exit of Souter’s investment in Pet Network International follows the successful sale of the business by The Rohatyn Group (“TRG”) to A&M Capital Europe.
PDQ.com (PDQ), a provider of IT asset management software for small and medium-sized businesses, has secured a growth investment from private equity firm TA Associates (TA).
TA, together with PDQ’s founders and executive management team, plan to accelerate PDQ’s growth as the company aims to expand its portfolio of easy-to-use IT asset management and scanning software solutions.
PDQ provides software for system administrators and IT professionals. The company’s primary products are PDQ Deploy, an automated patch management, software update and endpoint communications application; and PDQ Inventory, an endpoint information collection and reporting application for software, hardware and Windows configuration
Azurity Pharmaceuticals (Azurity) is to acquire Arbor Pharmaceuticals (Arbor) from the company’s existing investors including JW Asset Management and KKR.
Following the completion of the transaction, which is subject to regulatory approvals, Azurity and Arbor will merge, creating a leading company offering innovative, high-value products to meet the unique needs of patients with underserved conditions. Financial details of the transaction have not been disclosed.
“On behalf of the Azurity and Arbor teams, I am delighted to announce this agreement and the potential it brings to our combined company,” says Amit Patel, Chairman and CEO of Azurity. “The combination of
Arlington Capital Partners (Arlington Capital), a Washington DC-area private equity firm, is to acquire MCR (MCR), a provider of cost analysis and engineering and software development expertise to customers in defence, intelligence and critical civilian governmental agencies in the US as well as customers internationally.
MCR’s senior management team has invested alongside Arlington in the transaction.
David Wodlinger, Partner at Arlington, says: “MCR has established itself as a preeminent provider of differentiated systems engineering and integration solutions that address critical national security objectives in the space, cyber, and missile defence domains. We are partnering with MCR to increase investment in
Info Edge Ventures has led a USD2 million seed round into Lumiq, an Indian data and analytics company that provides data-driven decision-making for financial enterprises.
The funding round also saw participation from Redstart Labs and angel investor Parampreet Bhasin. Lumiq plans to utilise the fresh capital in the company’s sales growth, improve its product offering, as well as expanding its global presence.
Lumiq is on a mission to make financial enterprises manage their data better, as it believes that most data pipelines of financial enterprises are broken. This results in an inefficient and suboptimal utilization of a vast pool
Procuritas Capital Investors V (Procuritas), a private equity investor focused on investing in and growing Nordic mid-market companies, has sold Dantherm Group (Dantherm), a provider of climate control products and solutions, to German private equity fund, DBAG Fund VIII, advised by Deutsche Beteiligungs AG.
Headquartered in Denmark, Dantherm has more than 60 years’ experience in designing and manufacturing high quality and energy efficient equipment for heating, cooling, drying, cleaning and ventilation for a wide range of portable and installed applications.
After acquiring the business in 2016, Procuritas invested in Dantherm to enable it to expand the geographical presence, to
Pilot Freight Services (Pilot), a worldwide transportation and logistics services provider backed by ATL Partners and British Columbia Investment Management Corporation (BCI), has formed a strategic partnership by entering into an asset purchase agreement with American Linehaul Corporation, a non-asset based provider of expedited LTL (less than truckload) services in the United States.
The transaction occurred on 30 July, 2021.
This partnership provides enhanced service levels and offerings for time-definite shipments and the growing volumes of e-commerce products no longer handled by traditional expedited LTL networks. “Bringing the capabilities of these two companies together represents an excellent opportunity to expand
Heritage Global Partners (HGP), a worldwide leader in asset advisory and auction services, and a subsidiary of Heritage Global, has, through an affiliate, acquired substantially all of the assets of American Laboratory Trading (ALT), one of the largest suppliers of premium refurbished lab equipment in North America and a key provider of surplus asset services for the life sciences.
HGP also acquired the building and property at 12 Colton Road in East Lyme, Connecticut that ALT currently occupies. ALT’s headquarters and operations will remain in East Lyme under the continued leadership of Jayson Bernstein, President of ALT. The acquisition greatly
CVC Capital Partners (CVC) funds have completed the acquisition of RiverStone Europe from Fairfax Financial Holdings Limited (Fairfax) and OMERS, the pension plan for Ontario’s municipal employees.
The RiverStone Europe Group will now operate under the name RiverStone International.
RiverStone International is one of the largest global consolidators of non-life run-off insurance books, with a leading position in the UK and Lloyd’s markets and over 20 years of experience helping insurers release capital, streamline their operations and reduce volatility. Since 2010 the company has completed 22 acquisitions of legacy non-life books from blue-chip insurers and today manages around USD4 billion
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
