Deals
BGF has invested GBP4 million in fast-growing UK homecare business CSN Care Group (CSN) to support the company with its longer-term growth plans.
CSN is a leading social care provider which operates a national network of owned and franchised branches across the UK with headquarters in Edinburgh and Milton Keynes. Its care brands include Carewatch, MyLife and New Directions.
The business was founded by Executive Chairman, Scott Christie, and Managing Director, Craig Hendry, in January 2019 as a result of a management buyout of part of the Carewatch Group. Since the MBO the Group has grown significantly to deliver more
NovaQuest Private Equity (NovaQuest) has acquired CoreRx, a global contract development and manufacturing organisation (CDMO).
Based in Clearwater, Florida, CoreRx provides clinical and commercial CDMO services to a wide range of small to mid-sized pharmaceutical and biotech clients. Founded in 2006, the Company offers pre-formulation, formulation, analytical and stability, clinical manufacturing, commercial manufacturing, and packaging services. The Company’s deep development expertise allows it to solve complex formulation challenges. Its small-batch manufacturing capabilities, coupled with a responsive customer mindset, allow CoreRx to be a nimble, hands-on partner for its valued customers.
“This transaction is an endorsement of CoreRx’s success to date
Fast-growth UK businesses closed 2020 in their strongest position, attracting more than GBP3.8 billion of Venture Capital (VC) investment during the final quarter of the year, according to new figures.
Despite further Covid-19 related restrictions being in place, Q4 was the strongest quarter of the year for VC-backed deals, according to KPMG’s Global Venture Pulse Survey. The GBP3.8 billion raised was a 65 per cent increase on the GBP2.3 billion raised in Q3, although the volume of deals was significantly down. 343 deals were done from October through to December, with deal volume falling quarter-on-quarter throughout the year.
The latest Enterprise Software M&A report from Hampleton Partners, an international technology mergers and acquisitions adviser, reveals that the number of deals targeting enterprise software assets has jumped, with 836 deals recorded in the second half of 2020 compared to 641 deals in the first half of the year.
Total transaction value disclosed across all deals in the space was also sky-high, reaching USD112 billion – the highest amount on record.
Valuation multiples remain healthy but have dipped slightly: the trailing 30-month median EV/S multiple came in at 3.4x, while the EV/EBITDA came in at 14x. This is possibly
EMH Partners, and the Founding Shareholders of Native Instruments, are to to sell a majority of their shares in Native Instruments Holding, the Berlin-based specialist in digital music creation software and hardware, to Francisco Partners, a global investment firm that specialises in partnering with technology businesses.
As part of the transaction EMH Partners, members of the Native Instruments founding team, and key Native Instruments’ employees will retain a significant minority stake in the company.
Native Instruments was founded in 1996 in Berlin and employs more than 400 employees worldwide. It operates seven global offices and is active in more
Falfurrias Capital Partners (FCP), a Charlotte-based private equity firm focused on growth-oriented, middle-market businesses, is to merge Corsis, a provider of data-powered technology due diligence services, with its newest portfolio company, Crosslake Technologies.
Corsis brings a consistent, data-driven approach to technology due diligence assessments through their extensive TechIndicator best practice library and proprietary Confidence Index scoring methodology. With their proprietary software, Corsis delivers actionable insights to private equity firms and portfolio companies via a centralised dashboard, complete with objective benchmarking data that help them prioritise technology initiatives, maximising both short- and long-term success.
Corsis has supported USD30 billion in deal
Eurazeo Growth announces a EUR55 million investment in PPRO, an infrastructure provider in the cross-border alternative payments space.
Eurazeo Growth is co-leading this round of EUR153 million, alongside Sprints Capital and Wellington Management among other investors.
After Younited Credit, Wefox, Thought Machine and Tink, PPRO is Eurazeo Growth’s fifth investment in the Fintech sector and a testament to Europe’s innovation engine for financial services.
Headquartered in London, PPRO employs over 300 employees spread across nine offices globally. The Company offers a payments infrastructure platform and value-added services that allow its customers and their underlying merchants to access over
Connection Capital, a specialist private client investment business, has completed another successful exit from a management buyout (MBO) investment, with the sale of Carter Accommodation Group Ltd, a leading UK portable accommodation hire company, to trade buyer Modulaire Group.
Private investor clients of Connection Capital invested GBP5.3 million in the company’s GBP12 million MBO in 2015. In addition to a change of ownership into management’s hands, the investment provided significant growth capital to fund the expansion of its hire fleet.
The pace of Carter Accommodation’s growth was so rapid that the initial investment was supported by two further funding rounds
SPINS, a wellness-focused data, analytics and technology provider in the US, has secured a significant investment from Warburg Pincus, General Atlantic and Georgian.
The investment will support future strategic initiatives, including sales and marketing expansion, retail partner value expansion, new product development, and new vertical expansion. Terms of the transaction were not disclosed.
For two decades, SPINS has been a passionate advocate for the Natural and Specialty Products Industry. SPINS is committed to laying the foundation for the next generation of growth, providing dynamic data, actionable insights, unmatched product attributions, and digital activation solutions. SPINS established the common language across
proSapient has closed a USD10m Series A investment round led by Smedvig Capital, with Guy Hands and existing investors 24 Haymarket also participating in the round. This brings the total raised by proSapient to date to USD18 million.
The new funding will accelerate proSapient’s international expansion as well as support the roll out of their workflow SaaS platform which helps solve a major pain point for users of expert networks, using multiple networks simultaneously.
Founded in 2017, proSapient is a primary research platform helping investors and consultants gather the data they need to make those big decisions. Through the
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