Deals
Novo Holdings has joined the USD80 million Series C financing in Halodoc, an Indonesia-based healthtech platform, which was led by PT Astra Digital Internasional, a subsidiary of PT Astra International Tbk (Astra) and joined by existing and new investors including Temasek, Telkomsel’s TMI, Acrew Diversify Capital Fund, Bangkok Bank,UOB Venture Management, Singtel Innov8, BliBli, Allianz X, and Openspace Ventures.
This is the first investment by the Novo Holdings Asian life sciences team in Singapore following set up in 2020.
Founded in 2016, Halodoc is a digital healthcare platform that includes a mobile app and website allowing customers across Indonesia
Funds managed by leading global investment firm KKR will be joining long-time partner, Oak Hill Capital, and management as investors in MetroNet. As part of the transaction, Oak Hill and KKR will each make new investments to help accelerate MetroNet’s growth in building and connecting fiber-to-the-premise (FTTP) data, television, and telephone services to homes and businesses. This year, MetroNet launched services in its ninth state as it continues to expand its fibre footprint to local communities across the country.
“We value our long-standing partnership with Oak Hill and are proud to welcome our new investors at KKR,” says John Cinelli,
Pemberton, a European private debt manager transforming traditional credit markets, backed by one of Europe’s largest insurers, Legal & General Group PLC, has provided facilities to support the full refinancing of Elatec, a technology company providing global RFID technology solutions, backed by private equity firm Summit Partners.
Elatec is a leading global provider of highly-configurable RFID (radio frequency identification) technology solutions used in a variety of end-markets and industry applications, including printing, physical access control, computing, manufacturing and the Internet of Things (IoT). The company designs and manufactures both contact (SmartCard) and close proximity contactless (NFC, RFID, Bluetooth) readers/writers that
Rothschild & Co and Arrowpoint Advisory have advised Paine Schwartz Partners on the buy-out of Kynetec from Inflexion.
Kynetec provides market research for the agriculture and animal health industries, helping companies around the world understand the dynamics of their marketplaces, turning research into business opportunities and enabling clients to create winning strategies. Leveraging proprietary data sources and processing capabilities, Kynetec offers customers a suite of data-driven reporting and tracking solutions, as well as insight studies. Led by an experienced management team and based in Newbury, England and St. Louis, Missouri, Kynetec has 400-plus customers in more than 80 countries.
Kennet Partners (Kennet), a European technology growth equity investor, has agreed to sell its stake in Dext (formerly ReceiptBank), a digital, multi-product platform for accountants and bookkeepers, to Hg, a leading global software and services investor. The sale will provide Kennet with a 4.4 times return on its investment.
Kennet was the first institutional investor in Dext and acquired its stake in the company in 2016. The sale of Kennet’s stake in Dext comes after a record-breaking financial quarter following its rebrand (from Receiptbank) earlier this year.
Over the last five years, funding from Kennet and subsequent investors including
Alto Solutions, a self-directed IRA platform aiming to make it easier for individuals to access and invest in alternative assets using their retirement funds, has closed a USD17 million Series A funding round led by Unusual Ventures, with additional participation from existing investors Moment Ventures, Acrew Capital, and Alpha Edison, and strategic investments from Carta, Coinbase Ventures, Franklin Templeton, New York Life Ventures, and Stone Ridge Holdings Group.
RM Funds 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 investments with outcomes linked to achieving UN Sustainable Development Goals “SDG’s” and this investment offers outcomes
The Riverside Company, a global private investor focused on the smaller end of the middle market, has launched a trade services franchise platform called Threshold Brands, to be initially comprised of five businesses: MaidPro, FlyFoe, Men in Kilts, Pestmaster and USA Insulation, all acquired over the last eight months.
MaidPro is a national provider of residential and light commercial cleaning services through a network of more than 270 franchised locations. MaidPro brings meaningful scale with two additional brands, FlyFoe, a mosquito and tick control franchise, and Men in Kilts, a window cleaning, power washing and gutter cleaning franchise.
Pestmaster provides
The Recreational Group (RG), a US provider of residential and commercial recreational surfacing product, has acquired three specialist turf distribution and installation companies.
The companies are Turf Factory Direct, a national distributor of artificial turf, EasyGrass, a supplier and installer of artificial turf products in South Florida, and Synthetic Grass Pros, a distributor and installer of turf in the Dallas-Fort Worth and Houston markets.
“The fragmented recreational surfacing space needs a consolidator to bring consistent quality and service to the market. RG is that consolidator of choice,” says Ron Bennett, President and CEO of RG. “Easy Grass and Synthetic
Industrial Opportunity Partners (IOP), an operations-focused private equity firm, has completed the sale of portfolio company El Dorado Packaging (El Dorado) to ProAmpac Holdings (ProAmpac), a global flexible packaging company that serves consumer packaged goods customers across a diverse set of end markets.
The divestiture represents IOP’s sixth investment realisation from its USD275 million second fund, Industrial Opportunity Partners II. Terms of the transaction have not been disclosed.
El Dorado was formed in September 2014 through the acquisitions and merger of the Multiwall Packaging Division of Greif, Inc and El Dorado Paper Bag Manufacturing Company. The Company is
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
