Deals
EQT is pleased to announce that EQT Infrastructure has agreed to acquire First Student and First Transit, two North American subsidiaries of the UK publicly listed company, FirstGroup plc for USD4.6 billion.
Headquartered in Cincinnati, Ohio, First Student and First Transit are market leading providers of essential transportation services to schools and communities in North America.
First Student is the largest student transportation service provider in North America, providing over 900 million student journeys a year to approximately 1,000 school districts. Student transportation is a critical component of the educational ecosystem, with student success metrics and funding directly correlated to
The month of March proved to be an extremely successful one for Newable Ventures, the UK’s leading early stage investment network, which deployed circa GBP2 million in six companies to round off a busy financial year, which also saw the group secure GBP10 million from British Business Investment’s Regional Angel Programme.
Closing these six deals in March saw a “record level” of angel participation according to Newable Ventures Director Sanjeev Gordhan who comments: “such strong levels of participation in the early stage investment market bodes well for the Fund and angel network moving forward”.
Among the investments is QLM.
Deep Instinct, the first company to apply end-to-end deep learning, based on the only purpose-built deep learning framework for cybersecurity, has raised USD100 million in Series D funding.
The Deep Instinct platform can predict, prevent, and analyse cyberattacks at any touchpoint of the organisation from the endpoint through to the network. This round was led by funds and accounts managed from BlackRock, with participation from Untitled Investments, The Tudor Group, an investment by Anne Wojcicki, and existing investors, including Millennium, Unbound, and Coatue Management, among others. This new capital doubles the investment to date, bringing the total funding to
Canadian Hospital Specialties Ltd (CHS), a specialty distributor and manufacturer of medical and surgical products, has received a strategic investment from Flexpoint Ford (Flexpoint), a private equity investment firm specialising in the healthcare and financial services industries. Previously majority-owned by affiliates of Cortec Group, CHS will continue operating as an independent company led by CEO Mike Canzoneri and the company’s current management team, who will continue to be owners in the business. The company will remain headquartered in Oakville, Ontario.
Founded in 1967, CHS is one of the most well-respected providers of innovative medical products and customised patient care solutions
Satellite Vu has raised a GBP3.6 million (USD5 million) seed round led by Seraphim Capital to launch the world’s first satellite constellation capable of imaging the thermal footprint of any building on the planet every one-two hours.
Rock Mountain Capital (RMC) has made a significant minority investment in Spark Orthodontics (Spark), a specialty orthodontics platform with 10 locations in rural/suburban Pennsylvania.
The investment will support the company’s growth strategy focused on acquiring additional practices and locations in Pennsylvania and in new markets. Financial terms of the deal were not disclosed.
Spark was founded in 2010 by Dr Jason Hartman, DMD, MS, and the practice has served tens of thousands of patients since opening its doors. Spark is widely recognised as a leader in orthodontics. The company has grown to 10 locations through a mix of acquisitions and
Insurity, a leading provider of cloud-based software for P&C carriers, brokers, and MGAs, backed by GI Partners, has completed the acquisition of Instec.
Already a proven leader in providing core systems and analytics software to more than 300 P&C carriers, the addition of Instec to the Insurity family enables Insurity to further increase in-depth ISO-support to mid-size P&C carriers, enables it to expand into the USD40 billion program business, and broadens its offerings for MGAs. Instec is a market leader in providing cloud-based software and enterprise solutions to mid-size P&C carriers, MGAs, and specialty writers. Instec’s unique approach to insurance
A new report from eFront, the leading financial software and solutions provider dedicated to Alternative Investments, shows that private equity holding periods extended in 2020 to a record 5.4 years on average, at the same time as returns dipped.
The data also showed that investments held for longer periods tend to produce higher returns – though this was not the case in 2020.
Holding periods in private equity have increased significantly since 2010, rising from an average of 3.8 years to 5.4 years.
Returns generally rise as holding periods increase, with companies held for less than two years on average
RM Funds, the Investment Manager of the listed specialist in social and environmental infrastructure, RM Secured Direct Lending (RMDL), has provided a bilateral GBP13 million senior secured three-year term loan facility to Athena Healthcare Group (AHG).
The financing will support AHG in funding the construction of an institutional-grade purpose built 205 bedrooms care village in Lytham, England. The aged care scheme is expected to reach completion and start trading by early Q2 2022. This is RM Funds’ second transaction with AHG, having previously completed on a GBP7.8 million construction facility in Q4 2020. RM Funds is focused on providing
Perception Point, a specialist email and collaboration security company, offering fast interception of content-based attacks as a service, has raised USD28 million in Series B funding, bringing the total funding to USD48 million.
The new funding round was led by Red Dot Capital Partners and joined by global investor NGP Capital along with existing investors Pitango Venture Capital and State of Mind Ventures (SOMV). Yoram Oron and Atad Peled from Red Dot Capital Partners, and Bo Ilsoe from NGP Capital will be joining the company’s board of directors. Funds from this round will be used to fuel rapid growth,
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
