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NEWSLETTER | 14 Sep 2021  

New research exposes extent of impact on UK investment firms under the FCA’s new Investment Firms’ Prudential Regime

Wheelhouse Advisors, an award-winning provider of prudential management, regulatory reporting, accounting, tax and payroll services to the financial services sector has released a new report detailing the findings of in-depth impact assessment work, undertaken with clients over the past 12 months.

Victory Capital launches alternative investments platform with acquisition of New Energy Capital Partners
Tue | 14 Sep 2021, 09:50
Victory Capital Holdings' wholly owned operating subsidiary Victory Capital Management Inc is to acquire 100 per cent of New Energy Capital Partners (NEC).
Thomas H Lee Partners acquires House of Design
Tue | 14 Sep 2021, 09:46
Thomas H Lee Partners (THL), a premier private equity firm investing in growth companies, has acquired a majority interest in House of Design, a provider of robotic automation systems and software for the construction market. 
Stellex Capital Management makes additional investment in Paragon
Tue | 14 Sep 2021, 09:44
Paragon Metals (Paragon) has completed a new investment by affiliates of Stellex Capital Management (Stellex), a middle market private equity firm. 
Pixieset secures growth investment from Susquehanna Growth Equity
Tue | 14 Sep 2021, 09:43
Pixieset Media (Pixieset), a Vancouver-based software solutions provider for photographers and creative professionals, has secured a growth investment from Susquehanna Growth Equity (SGE), an entrepreneur-centric growth equity firm exclusively focused on software and information services companies. 
Oakley Capital invests in contextual advertising specialist Seedtag
Tue | 14 Sep 2021, 09:38
Oakley Capital's Oakley Capital Origin Fund (Origin Fund) is investing USD35 million to acquire a minority stake in Seedtag, a specialist in contextual advertising in EMEA and Latin America.
MODIFI raises USD24m in equity to create global trade management hub for SMEs
Tue | 14 Sep 2021, 09:35
Global fintech MODIFI has raised USD24 million in a Series B funding round, which brings its valuation to more than USD120 million. 
HHAeXchange and healthcare investor Cressey & Company secure strategic investment from software investor, Hg
Tue | 14 Sep 2021, 09:31
HHAeXchange (HHAX), a provider of homecare management solutions for payers, providers, and state Medicaid agencies, has secured a new investment from Hg, a global investor in software and services. 
Ropes & Gray advises ICG on Visma transaction
Mon | 13 Sep 2021, 15:11
Ropes & Gray has advised Intermediate Capital Group (ICG) in connection with an investment by Aeternum Capital, Government Pension Fund Norway (Folketrygdfondet), Vind, GIC and certain existing institutional investors in Visma – a provider of business-critical software to private and public companies in Europe. 
Nordic Capital partners with Qred
Mon | 13 Sep 2021, 15:10
Nordic Capital Evolution has signed an agreement to invest in the fintech company Qred. The investment will be made in partnership with Qred’s management and founders, with the goal of continuing to significantly expand the business across Europe together.
Levine Leichtman Capital Partners portfolio company Monte Nido & Affiliates acquires Walden Behavioral Care
Mon | 13 Sep 2021, 15:09
Monte Nido & Affiliates (Monte Nido), a portfolio company of Levine Leichtman Capital Partners (LLCP), has completed its acquisition of Walden Behavioral Care (Walden). Monte Nido is one of the USA's most established eating disorder treatment providers.
Sentinel makes strategic investment in Midwest Eye Consultants
Mon | 13 Sep 2021, 15:07
Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the midmarket, has invested in a new partnership with Midwest Eye Consultants (Midwest Eye), a management service provider to eye care practices in Indiana and northwest Ohio. Midwest Eye is owned and managed by its founding doctors. The terms of the deal have not been disclosed.
HIG Capital sells Fiora to The Engineered Stone Group
Mon | 13 Sep 2021, 15:05
An affiliate of global alternative asset management firm HIG Capital (HIG) has sold Fiora Bath Collections to The Engineered Stone Group (ES Group).
Reusable nappy brand Bambino Mio secures GBP13m investment from BGF
Mon | 13 Sep 2021, 15:02
BGF has invested GBP13 million into Bambino Mio. This is the largest investment ever in a reusable nappy firm in the UK, demonstrating the potential of the sector.
Trustmary secures USD2.2m funding to drive growth in Europe and North America
Tue | 14 Sep 2021, 09:48
Trustmary, a testimonial marketing platform, has closed its first funding round of USD2.2 million to drive growth both in North America and Europe. 
Fintech infrastructure platform Integrated Finance raises GBP2 million in Seed funding
Tue | 14 Sep 2021, 09:33
The investment will be used to significantly increase the company’s product and engineering teams to further develop its platform, alongside building its commercial team to support the growth of new and existing customers.
BioInnovation Institute launches Venture Lab programme
Tue | 14 Sep 2021, 09:29
BioInnovation Institute (BII), an international commercial foundation with a non-profit objective incubating and accelerating world-class life science research, has announced the first cohort of participants in the Venture Lab acceleration program for early-stage companies. 
Edtech platform raises further GBP3m as it targets international expansion
Mon | 13 Sep 2021, 15:12
A platform that helps parents and students to find online tutors has raised a further GBP3 million investment amidst a boom in business following the pandemic. 
Vala British Ventures EIS to plug funding gap for homegrown start-ups
Tue | 14 Sep 2021, 11:11
Vala Capital, the entrepreneur-led venture capital firm, has launched a new tranche for its EIS portfolio – targeting fast-growth British start-ups with strategies to scale quickly and become the next generation of British unicorns.
Diversis Capital closes USD675m Fund II
Mon | 13 Sep 2021, 15:03
Diversis Capital Management (Diversis), a Los Angeles-based private equity firm focused on investing in software and technology-enabled services organisations, has announced the completion of Diversis Capital Partners II (the “Fund”), with USD675 million of total commitments three months after formal launch. 
Monroe Capital expands in Asia with new Seoul office and MD appointment
Tue | 14 Sep 2021, 09:52
Monroe Capital has expanded its platform to Asia with the appointment of Alex Kim, as Managing Director and Head of Asia. The newly opened office in Seoul, South Korea reflects Monroe’s commitment to expanding its business in Asia.
Piva Capital adds to team
Tue | 14 Sep 2021, 09:41
Piva Capital, a VC firm that's backs 'visionary' founders and emerging technology companies transforming industry, has appointed Mark Gudiksen as the firm’s second Managing Partner and Roxanne Tully has joined as an Investor. 

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