Allocations
International payments company Airwallex has completed its Series B fundraising. The company has now secured USUSD80 million in outside investment, taking their total fundraising to USD102 million.
In this round, returning Series A investors Tencent and Sequoia China were joined by fellow China based Hillhouse, Sir Ka-Shing Li’s Horizons Ventures from Hong Kong, Indonesia’s Central Capital Ventura (BCA) and Australia’s Square Peg, with whom Airwallex partnered in December for USUSD6m Series A+ funding.
The new funding will be used to expand operations globally, with particular focus in South East Asia to deliver on what Airwallex has coined the
Recover Nordic, a provider of damage control, emergency response and environmental services, and portfolio company for private equity firm Agilitas, has made four further strategic add-on acquisitions, bringing the total number of add-ons to fourteen since Agilitas acquired the group in 2013.
The combined revenues from the acquisitions increase Recover Nordic’s revenues by over NOK150 million to a group figure of NOK2.3 billion. The combined group will employ 1,700 employees across about 80 locations in the Nordics.
In Denmark, Recover Nordic has acquired Sydslam A/S, a leading Danish provider of environmental services and industrial cleaning. The acquisition will expand Recover
Law firm Paul Hastings has represented new client Abry Partners II, a media, communications, business and information services focused private equity investment firm, on its recommended voluntary cash offer to acquire all shares in LINK Mobility Group ASA at an offer price that values Link Mobility Group ASA at NOK3,396 million (EUR357 million).
The firm won Abry as a client with the arrival of relationship partner Anu Balasubramanian from DLA Piper in June 2018.
LINK Mobility is one of Europe’s leading mobile communication providers, specialising in mobile messaging services, mobile solutions and mobile intelligence.
Alongside Balasubramanian, the Paul Hastings team included
SaleCycle, a high-growth behavioural marketing business whose clients include Tommy Hilfiger and Nike, has received a GBP11.5 million investment from BGF to further scale its operations.
The business, headquartered at Rainton Bridge in the North East of England, will use the funding to open two new international offices, in Japan and New York, and roll-out major advancements to its technology platform.
Founded in 2011 by CEO Dominic Edmunds with the support of angel investors, SaleCycle helps online retailers to increase conversion rates, recover abandoned sales, gain visitor insights and drive customer loyalty through a sophisticated software platform and email
Cairngorm Capital has acquired Rembrand Timber Limited and is merging it with its existing portfolio company, Thornbridge.
Thornbridge and Rembrand are the two of the largest independent timber processing and distribution companies. Together with NYTimber (acquired by Thornbridge in February 2018), they will create a leading independent timber distribution company in Scotland and the North of England. The group has 35 branches, 28 of which are in Scotland, with revenues exceeding GBP100 million and over 600 employees.
Established in 1982 and headquartered in Dundee, Rembrand is an importer, manufacturer and distributor of timber. It has two manufacturing sites and
Warburg Pincus has exited its investment in Blue Yonder, a specialist in AI solutions for the retail sector, through the sale of the company to JDA Software.
This acquisition reflects the increasing importance of connecting intelligent data and insights to enable more profitable, Autonomous Supply ChainTM decisions and optimised customer experiences. It builds on JDA’s strategy of developing cognitive and connected solutions to power digital transformations for companies seeking to create a competitive advantage for their supply chains. The acquisition is subject to competition agency approval.
Blue Yonder enables companies to take a transformative approach to their core processes,
Renewables and natural gas replacing coal and nuclear to power industry, transportation and homes is arguably one of the most important structural transformations in global energy infrastructure.
This is being driven by government policies and increased awareness among institutional investors for sustainable and environmentally friendly investments. Within the infrastructure space, that means reducing reliance on coal fired power stations, continued decommissioning of nuclear power stations, and a further commitment to investing in renewable energy sources.
With the significant cost decreases of renewables combined with the globalisation of natural gas, the economics are looking highly favourable for long-term infrastructure investors: according
Leep Utilities, an independent multi-utility operator jointly owned by Ancala Partners and the Peel group, has secured the contract for the ownership, maintenance and stewardship of the last-mile network delivering electricity to Canary Wharf Group’s new district, Wood Wharf.
Winning the right to ‘adopt’ the last-mile network at Wood Wharf, a new mixed-use waterside community comprising more than 3,300 homes and nearly two million square feet of shops, restaurants and community facilities, is the most significant contract for the joint venture since it was announced in May last year. The Wood Wharf development will substantially broaden the Canary Wharf estate
Mid-market private equity investor LDC has backed the management buyout (MBO) of Martin Audio, a designer and manufacturer of loudspeaker systems, from global audio specialist Loud Audio.
As part of the deal, LDC, the private equity arm of Lloyds Banking Group, has invested GBP12 million for a significant stake in the company, alongside its current management team led by Managing Director Dom Harter.
Headquartered in Buckinghamshire, Martin Audio specialises in the design and manufacture of loudspeaker systems for commercial installations, tours and events across the globe, including the London’s British Summertime Festival at Hyde Park, Rock in Rio and
Industry Ventures, an investment firm focused on venture capital, has closed its fifth hybrid fund of funds, Industry Ventures Partnership Holdings V with total commitments of USD335 million.
The Fund will continue the same successful strategy of primary commitments and early secondary purchases in smaller, early-stage venture capital funds as well as direct co-investments alongside these small funds. The new fund brings the firm’s total institutional committed capital under management to USD3.4 billion, with USD1.1 billion dedicated to our hybrid fund of funds and direct co-investment strategies.
“We are grateful for the strong support the Fund received from both existing and new investors,”
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
