Allocations
Crestline Direct Lending, a part of the opportunistic investment group of Crestline Investors (Crestline), has closed a Senior Secured Credit Facility to support Schweiger Dermatology Group’s (SDG) expansion.
SDG is a portfolio company of LNK Partners, LLR Partners and SV Health Investors. Crestline served as administrative agent and joint lead arranger on the facility.
Since 2010, SDG has continued to grow both organically and through acquisitions and has built a multi-site platform of more than 45 locations with strong regional density, scale, and brand awareness. Additionally, the Company has made significant, advanced investments across its organisation in order to support
BGF has invested GBP6 million in TIG, a managed service provider which supports mid-market companies transitioning to the cloud.
The investment is being used to support the business’s organic growth and acquisition strategy, beginning today with the acquisition of netConsult, a specialist company providing IT transformational services and cyber security for the alternative investment sector.
TIG’s goal is to be the best cloud transformation provider for medium-sized businesses. The Watford-based group has achieved significant organic growth under the leadership of CEO Des Lekerman and COO George Georgiou. Both were part of the Eurodata management team, a company founded and
Dechert has advised Central and Easter Europe-focused private equity firmMid Europa Partners (Mid Europa), a leading private equity investor in Central and Eastern Europe, on the financing relating to the acquisition of Urgent Cargus from Abris Capital Partners.
Urgent Cargus is a leading courier, express and parcel service provider in Romania, offering delivery to over 85,000 customers, including business clients, e-commerce retailers and private individuals. The company operates a dense network of 5 hubs and 71 stations connected by 360 linehaul routes, which enable the company to offer services such as 24-hour delivery across the country.
Kerim Turkmen, Partner
Red Industries, the hazardous and non-hazardous waste management business, has secured a GBP39 million funding package from BGF, the UK’s most active investor in growing businesses, and HSBC.
The funding has initially supported the acquisition of Environmental Resource Group (ERG), and the newly expanded business is now one of the UK’s largest independent hazardous waste businesses and with aspirations for further growth.
Founded by CEO Adam Share in 2006, Staffordshire-based Red Industries has grown significantly – both organically and via acquisition to offer total waste management solutions to customers. Committed to finding environmentally compliant total waste management solutions, Red
Atlas Venture, a venture capital firm investing in breakthrough biotech innovation, has closed its first Opportunity Fund, raising USD250 million in an oversubscribed fundraise.
With Atlas Venture Opportunity Fund I (AVOF I), the firm will invest in existing Atlas portfolio companies as they progress.
“We are delighted and humbled by the support of our limited partners in this natural extension of our venture creation investment model,” says Atlas partner Kevin Bitterman. “Atlas’ longstanding and new limited partners alike have demonstrated their conviction in the ability of our portfolio companies to advance innovative therapeutics for patients in need.”
Together with experienced
Private equity firm Apposite Capital has teamed with management to make a substantial investment in Riverdale Healthcare and part fund its investment in Alpha Vitality Group. Debt for the investment has been provided by Metro Bank.
Alpha Vitality Group is a ten practice dental group operating in North East England offering a mix of NHS and private family dental services, implant and referral services and NHS and private orthodontics. Financial details of the transactions are not disclosed.
Mark Seekings, Chairman and CEO of Riverdale Healthcare, says: “The management team at Riverdale are delighted to be partnering with Apposite, and
Private equity firm Thoma Bravo has completed the acquisition of Veracode Software (Veracode), a provider of next-generation application security testing (AST), from Broadcom Inc, in an all-cash transaction valued at USD950 million.
Veracode’s SaaS platform and integrated solutions assist security teams and software developers with finding and fixing security-related defects throughout the software development lifecycle. Veracode’s innovative approach allows its rapidly growing customer base to identify and resolve critical vulnerabilities while ensuring regulatory compliance without sacrificing speed or innovation.
“At a time when the need for application security could not be any greater, we are pleased to be partnering with
Glennmont Partners is to sell three operational, ground-mounted solar PV projects located in Veneto and Lazio, Italy, totaling 85.4MW, to Tages Capital.
The three solar PV projects, Enersol (48.0MWp), Megasol (13.2 MWp) and Phenix (24.2 MWp) projects, started operations in 2011 and are part of a combined deal in line with the divestment strategy for the first Fund of Glennmont Partners, one of Europe’s largest fund managers focusing exclusively on investment in clean energy infrastructure.
Following the Portuguese solar PV and French wind assets’ sale, the signing of this transaction is a further step towards the full divestment of
Archangels, an Edinburgh-based business angel investment syndicate, led a record breaking GBP22.4 million of investment in Scottish tech and life sciences businesses in 2018.
The highly active syndicate invested GBP10.9 million of its own members’ cash in 10 investment rounds across the year, with co-investment of GBP9.4 million from investment partners including Scottish Enterprise’s investment arm, Scottish Investment Bank, which, at GBP6.0 million, was the largest co-investor. Other co-investment partners included NVM Private Equity, Maven Capital Partners, Par Equity and US-based Julz Co.
Archangels’ 2018 investment activity included leading first-time investments in two Scottish businesses: Bio-Images Drug Delivery Ltd
Ropes & Gray has advised TPG Capital on the acquisition by BVI – one of its portfolio companies – of PhysIOL Group SA from TA Associates. The transaction was backed by TPG Capital.
BVI (Beaver-Visitec International) is a leading developer, manufacturer, and marketer of specialised surgical devices and custom procedure packs for the ophthalmic marketplace. PhysIOL Group SA (PhysIOL) is a Belgium-based ophthalmic company specialising in the research, development, and manufacture of intraocular lenses (IOLs).
The deal, which is expected to close in the first quarter of 2019, will allow BVI to expand its portfolio, furthering the company’s transformation into
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
