Allocations
Luge Capital, a new venture capital fund specifically focused on early-stage FinTech companies and artificial intelligence (AI) solutions applied to financial services, has completed a CAD75 million round of financing to begin operations.
Initially, CAD50 million of the raised capital was announced in October 2017 by the Caisse de dépôt et placement du Québec (CDPQ) and Desjardins Group, two of the fund’s major investors. Sun Life Financial, the Fonds de Solidarité FTQ and La Capitale are also significant participants. Luge may expand the fund even further up to CAD100 million in the coming months.
Luge invests in teams that improve
The Cyberfort Group, which is backed by Palatine Private Equity, has acquired cyber security consultancy Agenci for an undisclosed sum.
The transaction adds a third business to the Cyberfort Group, with Agenci joining ultra-secure hosting and managed services provider The Bunker, and cyber security testing business Arcturus.
Agenci is a consultancy that specialises in IT security, particularly ISO 27001 and GDPR. The Wakefield headquartered company also has offices in London, and works with a range of clients across the UK to help them meet legal and regulatory requirements.
Andy Hague, CEO at Cyberfort Group, says: “We searched for a best-in-breed cyber security consultancy and
Rizing, a privately held backed by private equity firm One Equity Partners, has acquired Aasonn, an SAP SuccessFactors Professional Services Firm headquartered in Chicago, Illinois.
Aasonn joins /N SPRO, a leading SAP Human Capital Management (HCM), SAP SuccessFactors and SAP Retail services firm under the Rizing HCM business portfolio.
Mike Maiolo, CEO of Rizing says: “The acquisition of Aasonn begins our journey on an aggressive growth strategy both organically and through acquisitions with our new investment partner, One Equity Partners. Our objective is to grow service offerings to support SAP’s initiatives around S/4HANA, Leonardo and Cloud solutions globally.”
The Royal Institute of British Architects (RIBA) and LDC, the private equity arm of Lloyds Banking Group, have agreed a partnership to support the future growth of RIBA Enterprises Ltd, the commercial arm of the RIBA which trades as NBS.
NBS is a provider of technology, content and data services to professionals in the architectural, engineering and construction industries. Headquartered in Newcastle, NBS employs more than 200 people and for the financial year ending December 2017 recorded a turnover of GBP20.5 million.
The RIBA is the global professional body for architects and a registered charity with one of the largest and
Funds managed by Equistone Partners Europe (Equistone) have agreed to sell a majority stake in Karl Eugen Fischer, a manufacturer of cord-cutting machines for the tyre industry.
Equistone acquired Karl Eugen Fischer in August 2013 and is now selling its stake to DBAG Fund VII, managed by Deutsche Beteiligungs AG. Management will retain a shareholding in the company. The financial terms of the deal are undisclosed.
Founded in 1940 in Burgkunstadt, Germany, Karl Eugen Fischer began developing cutting and pressing machines in 1949 and has produced cord-cutting machines for the tyre industry since the mid-1970s, laying the foundation for
Cappitech, a provider of automated regulatory reporting technology for the financial services industry, has secured USD4 million in series A financing.
The financing round was led by 83North with participation from Rony Grushka and Kevin Gould, co-founders of Markit, one of the world’s most highly respected financial information companies with a market cap of USD20 billion. As part of the agreement, Rony Grushka, renowned for his expertise in accelerating global business growth, joins the Cappitech board.
Cappitech, a RegTech100 company which has been self-funded to date, plans to use the funds to accelerate product development, expand regulatory reach and
LBO France has acquired a majority stake in My Media Group, an independent French media buying agency.
Since it was founded in 2005, My Media has developed specific know-how in optimising TV-to-Web media campaigns (ie, the impact of offline communication, mainly television, on online traffic) and search engine optimisation (SEO) through Search Foresight, which is the leader in SEO consultancy in France.
My Media Group currently has more than 500 clients, for whom it manages each year more than EUR1 billion gross media space. As a leader in developing media strategies directly targeting customer acquisition, the company is particularly well
Eventador.io, a fully-managed Stream-Processing-as-a-Service provider has closed a USD3.8 million seed round (including conversion of USD1.3 m angel round) led by LiveOak Venture Partners with participation by Deep Space Ventures, RSH Ventures, Capital Factory and joined by existing investor, Keshif Ventures.
Venu Shamapant, Partner at LiveOak will join the board of directors.
Since launching in late 2016, Eventador has become the leading fully-managed streaming data solution built on Apache Kafka and Apache Flink. Customers can easily build, deploy, and manage modern streaming data applications, including a market-leading bring-your-own-cloud deployment model, without having to worry about the complex underlying infrastructure.
Apposite Capital, a private equity firm with an exclusive focus on healthcare, has successfully raised GBP144.5 million of capital for Apposite Healthcare Fund II and associated vehicles.
Apposite received strong support from existing investors and a well-diversified group of new investors comprising fund of funds, financial institutions, family offices, endowments, foundations and corporates from Europe, Asia and the US.
Apposite Capital is dedicated solely to healthcare investment and operates at the small end of the private equity market. It has been successful in building market leaders since 2006 providing both capital and expertise to healthcare businesses in the UK
Lawyers from Carey Olsen in Guernsey and Jersey have advised Silverfleet Capital on the sale of Ipes, a leading provider of fund administration and other outsourced services in the private equity sector, to Apex Group.
Silverfleet Capital, a pan-European private equity firm, has owned Ipes since acquiring it from RJD Partners in 2013. Since then, Ipes has achieved strong organic growth and has strengthened its pan-European footprint by more than doubling both number of clients and staff. Headquartered in Guernsey, Ipes now has 265 staff across five European offices. It works with 195 clients and provides administration and depositary oversight
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12 November, 2026 – 8:00 am
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