Deals
GP Bullhound has made a follow-on investment in Glovo, one of the world’s leading multi-category delivery players, as part of a Series F funding round of EUR450 million (USD530 million) led by Luxor Capital Group, with participation from existing investors including Delivery Hero and Drake Enterprises.
Founded in Barcelona in 2015, Glovo is a pioneering multi-category delivery app and one of the world’s leading delivery platforms. It operates in Southern Europe and EEMEA, connecting users with restaurants, grocery chains, pharmacies and retail stores.
Following this latest funding round, the largest in history for a Spanish startup, Glovo will invest
Aquila European Renewables Income Fund (AERIF), a London-listed investment company advised by Aquila Capital Investmentgesellschaft mbh, has entered into a Sale and Purchase Agreement (SPA) to acquire 50 per cent of the equity in an unlevered Portuguese solar operating asset (Ourique).
Closing of the transaction is expected to occur in April 2021.
Ourique is located in Alentejo, Portugal, and has an installed capacity of c60 MWp. The solar farm started its operations in December 2019 and its power price hedges cover 100 per cent of the produced energy until March 2026.
Ourique will save approximately 17,035 tons of CO2 emissions
Wellbeam Consumer Health, formerly Yukon Wellness Holdings, has acquired Penetrex, a leading joint & muscle relief and recovery brand. Penetrex is Wellbeam Consumer Health’s second acquisition in the ecommerce-focused wellness brands space. Eu Natural, a fast-growing, digitally-native provider of vitamin and mineral nutritional supplement products, was acquired in January 2021.
Wellbeam Consumer Health, an American Pacific Group portfolio company, is led by Chris Marschall, who was appointed as CEO in February 2021 to build out and expand the business. Wellbeam Consumer Health’s goal is to be the leading ecommerce-based consumer wellness business and is actively seeking to grow its portfolio
Hayfin Capital Management (Hayfin) has announced a record period of deployment through its Direct Lending strategy, having invested EUR3.7 billion in 2020.
Hayfin reached a final close on the commingled Hayfin Direct Lending Fund III and its related separately managed accounts in 2020, raising in excess of EUR5 billion to deploy into performing loans to European middle-market companies. During this record period of activity, the firm bolstered its investment team, business development function and back-office operations with 35 new hires.
Within its Direct Lending strategy, Hayfin focuses on the provision of senior-secured loans that exhibit strong returns relative to
Francisco Partners, a global investment firm that specialises in partnering with technology businesses, is to acquire BARBRI Inc (BARBRI) from Leeds Equity Partners (Leeds Equity). Terms of the transaction have not been announced.
BARBRI is specialist in technology-enabled legal education, offering a comprehensive product suite across the complete legal education lifecycle. For decades, BARBRI has helped tens of thousands of test takers each year prepare for and pass the Bar exam. More recently, BARBRI has leveraged its technology platform to develop test preparation offerings in the UK with the SQE, in professional education with Paralegal and eDiscovery certification, and in
Digital 9 Infrastructure, which invests in digital infrastructure assets, has now completed its first acquisition, of 100 per cent of Aqua Comms DAC for cGBP160 million.
Aqua Comms owns and operates some 14,300km of trans-Atlantic sub-sea fibre systems, representing the very “backbone” of the internet.
Aqua Comms’ assets are established, fully operational, and benefit from a long established customer base, particularly comprising the FAANGs, and other global content providers. D9’s investment manager, Triple Point Investment Management LLP (Triple Point or the Investment Manager) believes the platform has in-built further growth potential.
D9 is a London Stock Exchange listed
AURELIUS Equity Opportunities SE & Co has acquired AutoRestore from Belron International Limited (Belron). AutoRestore, the UK’s leading provider of mobile accident repair services, will complement AURELIUS portfolio companies Rivus Fleet Solutions (Rivus) and Pullman Fleet Services (Pullman) which have offerings for commercial fleets focussing on light commercial vehicles (LCV) and heavy goods vehicles (HGV), respectively.
Headquartered in Rushden, Northamptonshire, AutoRestore which traded as Autoglass BodyRepair under Belron, is the UK’s leading provider of mobile body repair services nationwide. Established as a division of Belron in 2010, AutoRestore currently operates a fleet of over 130 mobile repair vans, providing over
Blackfinch Ventures has completed on 12 new investment deals totalling in excess of GBP11 million ahead of the tax-year-end deadline in a move which ‘significantly increases’ the number of technology and tech-enabled companies within its portfolio.
Familiar names such as Cadidate.ID, Staffcircle and Kokoon make up the seven companies to have received follow on investment in totals ranging from GBP430,000 through to GBP1.09 million.
Whereas a further five new companies – including digital vendor management platform Brooklyn Vendor Assurance, global client engagement platform Clientshare, embedded integration platform Cyclr, real-time market research company OnePulse, and hyper-realistic text-to-speech platform LSTN – also
Arrowpoint Advisory has advised BasePower on its GBP50 million five-year framework project funding agreement with SDCL Energy Efficiency Income Trust plc (SEEIT).
BasePower develops and operates on-site power generation projects for commercial and industrial clients in the UK utilising a range of energy efficiency and carbon reducing technologies including Combined Heat and Power (CHP), solar photovoltaic (PV) and microgrid projects.
The agreement will allow BasePower to accelerate the delivery of sustainable energy projects, having already developed award-winning energy centres for some of the UK’s largest food and automotive manufacturers seeking to reduce their energy costs and carbon footprint.
3i Infrastructure has agreed to invest cEUR182 million to acquire a 60 per cent stake in DNS:NET and to provide additional funding for the future growth of the business.
DNS:NET is an independent telecommunications provider in Germany. 3i Infrastructure is buying its stake from Deutsche Beteiligungs AG’s (DBAG), DBAG ECF, a private equity fund managed by DBAG, and Founder and CEO Alexander Lucke, with the latter reinvesting alongside 3i Infrastructure to retain a 40 per cent stake. Completion is expected to take place in June 2021.
Established in 1998, DNS:NET owns the largest independent fibre-to-the-cabinet network in the Berlin area,
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
