Allocations
Since the global financial crisis in 2008 when an all-time high USD9.3 billion was raised, micro venture capital fundraising has seen six consecutive years of growth, increasing from USD6.5 billion in 2009 to reach USD8.5 billion in 2015, according to a report by Preqin.
Furthermore, over the past decade micro venture capital funds have consistently represented the majority of VC funds reaching a final close; micro-sized funds accounted for 61 per cent of all venture capital funds to close in 2015 and more than two-thirds (67 per cent) the previous year. So far in 2016, 169 micro venture capital funds
Bento for Business, a provider of employee expense management solutions for small businesses, has closed a USD7 million Series A round of funding led by Comcast Ventures.
Existing investors Anthemis Group, Blumberg Capital and Lionbird join new investor Dan Henry, former CEO of NetSpend. As part of the financing, Dave Zilberman, Managing Director of Comcast Ventures, will join Bento’s board.
Bento for Business provides a management platform and smart employee corporate card that can be controlled remotely through proprietary software, giving business owners unprecedented control over where, when, and how much their employees can spend. Since its launch 13
Zeus Capital is acting as Nominated Adviser and Sole Broker to Accrol Group Holdings (ACRL.L) on its AIM IPO and GBP63.5 million fundraising and advised on a new GBP38 million flexible debt facility provided by HSBC.
Accrol will have a market capitalisation on admission of GBP93.0 million (based on the placing price) with Zeus Capital raising GBP63.5 million with GBP20.2 million for selling shareholders and GBP43.3 million to reduce debt, including shareholder loan notes.
The IPO provides a partial exit for the Hussain family and NorthEdge Capital who each retain 15% of the equity in the listed company going
Oakley Capital Private Equity (OCPE) has announced the successful completion of the Initial Public Offering (IPO) of Time Out Group, which raised GBP90 million (gross).
Since OCPE’s initial investment, Time Out has significantly grown and developed its digital media and ecommerce business, transitioned the magazines to a free print model in key geographies, consolidated the brand ownership by acquiring back the key licensee territories and acquired the Time Out food market in Lisbon, Portugal.
Time Out now has its largest audience in its 48 year history with an audience reach of approximately 111 million per month across all platforms
Maranon Capital has provided unitranche financing to support the acquisition of a majority interest in Wedgewood Pharmacy by New Harbor Capital.
Wedgewood, headquartered in Swedesboro, New Jersey, is an industry leading provider of compounded medications to pet owners through more than 36,000 veterinarian customer relationships across the United States.
The company offers preparations for the companion animal, equine and specialty ophthalmology markets.
Antares Capital announced is serving as administrative agent and joint lead arranger on a USD136 million senior secured credit facility to support the acquisition of Meadows Behavioural Healthcare (The Meadows) by Kohlberg & Company (Kohlberg).
Upon the acquisition of The Meadows, Kohlberg announced the formation of Alita Care (Alita), which will serve as the parent holding company for The Meadows and Kohlberg’s existing portfolio company, Sunspire Health, LLC (“Sunspire”). The Meadows and Sunspire will continue to operate as independent brands within Alita, while exploring ways to improve patient care through the sharing of best practices.
“We are thrilled to be
Private equity firm TA Associates has completed a growth equity investment in Maintenance Connection, a provider of computerised maintenance management system (CMMS) software. Financial terms of the transaction have not been disclosed.
Maintenance Connection’s web-based CMMS platform is designed to manage all aspects of an organisation’s asset maintenance operation, with the goal of optimizing asset life and lowering the overall cost of maintenance. Primary features of the software suite include work order tracking, asset management, preventative maintenance, service requests, inventory control and reporting. The software can be deployed on-premises, via a software as a service (SaaS) model, or in a
Safanad, a global principal investment firm, is pleased to announce that an affiliate has acquired a controlling interest in Rimstock.
Rimstock is a manufacturer of cast and forged aluminum automotive wheels in the United Kingdom for the automotive aftermarket and original equipment manufacturers. Rimstock, which recently celebrated its 30th year in manufacturing, employs over 230 people at its facilities in the West Midlands, England, the heart of UK automotive manufacturing.
Safanad is partnering in this acquisition with New York based investment firm, Current Capital, and UK executive David Roberts. Roberts is an experienced automotive executive who has successfully operated
Insurer Aviva France and asset management company Eiffel Investment Group have just announced the launch of Prêtons Ensemble, a fund that aims to finance the real economy.
This new fund, financed by Aviva France to an amount of EUR50 million, aims to lend funds via the best online lending platforms in Europe, and France in particular.
Prêtons Ensemble strives to bring together several investors and already counts on the support of Aviva France and AG2R La Mondiale for its launch, respectively with 50 million and 20 million euros. The fund has an eight-year objective of lending EUR100 million to VSEs
Private equity firm Graphite Capital has acquired New World Trading Company (NWTC), a pub and restaurant business headquartered in Knutsford, Cheshire, from private equity firm LDC in a GBP50 million transaction.
LDC originally invested GBP2.7m for a minority stake in NWTC in 2013 through the Hill Capital Food & Beverage Fund, which was set up to back early stage food and drink concepts. The sale has generated a 6.1x money multiple and IRR of 80 per cent for LDC.
NWTC opened its first pub in 2011 and now operates 14 pubs/restaurants nationally under five sub brands: The Botanist, The Oast
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
