Allocations
PNC Bank has closed a USD150 million revolving line of credit for CDI Corp, a portfolio company of AE Industrial Partners. PNC Bank served as administrative agent.
CDI Corp will use the funds, in part, to repay existing debt, partially finance the acquisition by AE Industrial Partners, LLC, and provide for ongoing working capital needs. Products associated with the transaction include treasury management services.
Based in Philadelphia, CDI Corp is a global staffing business that delivers solutions based on highly skilled technical and professional talent. Founded in 1950, the company delivers expertise in engineering and information technology solutions encompassing
Legal practice Osborne Clarke has advised RJD Partners (RJD), the UK Private Equity investor, on the management buyout of Class Tours Limited (Class Tours), a leading provider of language programmes and educational tours to schools in the UK.
This is the fourth investment from RJD’s third buyout fund, following the investment in Barber of Sheffield, and follows RJD’s successful investment track record in the education and leisure sectors.
Based in Hove, Class Tours is a well-respected provider of language programmes to schools with its Château de la Baudonnière courses in Normandy perhaps the most well-known. The business also provides
DataSine has raised EUR1 million in funding from investors including C Entrepreneurs, Sistema_VC and Force Over Mass at the close of the company’s seed round.
DataSine’s proprietary technology analyses transactional and biographical data to determine a customer’s personality, needs, behaviours, and life situation. This enables companies to offer products and services that are directly relevant to their customers and explain them in a way that resonates with each individual.
“DataSine’s technology is unique because it bridges the gap between machine learning, psychology and finance. Put simply – it is the ultimate personalisation engine for banks,” says Igor Volzhanin, Chief
Limerston Capital has acquired Crawford Scientific Holdings Ltd (Crawford), comprising Crawford Scientific Ltd and Hall Analytical Laboratories), from Maven Capital Partners.
Crawford is one of the UK’s leading independent providers of outsourced chromatography consumables and services to the laboratory research and testing sector. This is the third investment of Limerston Capital’s debut fund, Limerston Capital Partners I.
Scotland based Crawford Scientific (founded in 1985) and Manchester based Hall Analytical Laboratories (founded in 1987) provide an array of products and services encompassing consumables distribution with expert advice, training and specialist analytical services to offer the UK’s leading pharmaceutical, research and laboratory
Capagro has closed a second funding round worth EUR66 million following the reopening of the subscription period for its French AgTech-focused venture capital vehicle, Capagro Innovation, back in January.
Established in April 2014 with an initial allocation of EUR37.5 million, which rose to EUR58 million following the first subscription period completed in January 2016, Capagro Innovation set itself the objective of doubling in size through a new investor round.
This goal has now been reached as the fund’s allocation has risen to EUR124 million, higher than the initial objective of EUR120 million. The fund has also welcomed some new
UK private equity firm Maven Capital Partners has exited its investment in Crawford Scientific (Crawford), a supplier of chromatography products and analytical services to the laboratory research and testing sectors, following its sale to Limerston Capital Partners I.
The sale realised a return for Maven clients of 4.7x the initial investment in just over three years, with an IRR of 70 per cent.
Since investing in August 2014, Maven has worked collaboratively with the business to execute a number of strategic initiatives, including the acquisition of Hall Analytical Laboratories which Maven’s clients also funded. Following the acquisition, Crawford critically increased
Tifosy, a fully licensed sports crowdfunding business, has successfully raised GBP1 million in equity through its own platform.
Co-founded by former player and manager Gianluca Vialli and former investment banker Fausto Zanetton, Tifosy allows supporters to invest in leading clubs. More than 10,000 fans have already invested through the platform and Tifosy has worked with more than 15 clubs in England and Italy. Now, it is now scaling up to extend its operations across other European markets and into other sports, including rugby and cricket.
Tifosy has reached its GBP1m target in just six weeks – more than three
Ventilation systems specialist Monodraught has received a GBP2.65 million investment from BGF to support its long-term growth plans. The High Wycombe headquartered company will use the funding for product development and expansion into new markets.
Led by managing director Andrew McCubbin, Monodraught designs, manufactures, installs and maintains ventilation, cooling and lighting systems to create low energy, low carbon and sustainable buildings. The business works predominately within the education sector and provides a full service, from 3D building simulation analysis through to installation and maintenance.
Having partnered with many leading UK universities in R&D, Monodraught has a long history of
Heidelpay Payment, a leading German payment service provider in e-commerce, backed by private equity firm AnaCap Financial Partners (AnaCap), has acquired Hamburg-based StarTec Payment & Service.
The acquisition of StarTec, a provider for all aspects of cashless payment transactions at the physical point of sale (POS), will expands Heidelpay’s portfolio with additional services and expertise in both online and offline payments.
Heidelpay’s consolidation strategy reflects the wider movement towards an accelerated use by bothe-commerce and traditional businesses of streamlined payment processes. In addition to e-commerce payment systems, the acquisition of StarTec enables Heidelpay to offer payment solutions for brick-and-mortar
Tortoise Investments and Lovell Minnick Partners have teamed with existing management to acquire Tortoise, a specialist in essential assets and essential income investing. Terms of the private transaction have not been disclosed.
As part of the transaction, ongoing management and employees are expected to meaningfully increase their ownership of Tortoise. Employees will retain a significant equity interest, with many investing additional capital alongside Lovell Minnick, who will purchase the equity stake held by Mariner Holdings and retiring co-founders of Tortoise.
“We are excited and energised by our fit with the team at Lovell Minnick,” says Tortoise chief executive officer
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
