Allocations
Financial services private equity firm AnaCap Financial Partners has sold Simply Business, a UK-based digital SME insurance distributor, to Aquiline Capital Partners.
The transaction is subject to completion upon change of control approval from the Financial Conduct Authority and is expected to complete in this summer. The exit comes just short of 3 years since the initial investment and will generate a return of 4.5 times AnaCap’s investment.
Established in 2005, Simply Business was among the earliest online brokers in the commercial insurance industry. Since AnaCap’s investment in 2013, the company, led by CEO Jason Stockwood, has disrupted the
Medical diagnostics company STAT-Diagnostica has closed a Series C financing round totalling EUR25 million (USD28.5 million). The proceeds will be used to prepare for the 2017 European launch of its DiagCORE Near Patient Testing system.
Led by new investor Gilde Healthcare, the financing round also drew participation from existing investors, including Kurma Partners; Ysios Capital; Idinvest Partners; Boehringer Ingelheim Venture Fund; Caixa Capital Risc; and Axis.
“STAT-Diagnostica’s DiagCORE system can become the best-in-class platform for decentralised molecular testing, the most attractive growth area in molecular diagnostics today,” says Arthur Franken, partner, Gilde Healthcare. “The company’s exceptional team has taken the
Maven Capital Partners (Maven), one of the UK’s most active Private Equity houses, has led the management buyout (MBO) of Westfield Medical (Westfield), a leading provider of sterilisation barrier products to the healthcare and industrial sectors.
The GBP12 million funding package includes an equity raise from ‘Maven Investor Partners’, a syndicate of institutional, family office and high net worth investors, which will help support the forecast growth of the company.
The ever increasing focus on sterile environments in international healthcare and specialist manufacturing sectors, combined with increased healthcare spend in terms of GDP per capita, is expected to ensure strong
Causeway Capital has launched the Causeway Capital Partners I, a new EUR60 million private equity fund which will support growing small and medium sized enterprises (SMEs) based in Ireland and the UK.
The fund will invest in growth equity and buyout transactions of companies initially requiring up to EUR10 million of equity capital.
Causeway Capital has secured cornerstone investments in the Fund from the Ireland Strategic Investment Fund (ISIF) and AIB (through Allied Irish Banks (Holdings and Investments) Limited), together with funding from a number of private investors. The Fund will remain open to subscriptions from additional investors up
Huron Capital Partners has launched an expanded strategy aimed at less-than-majority investments built on the firm's lower middle-market heritage and current industry focus areas.
The "Flex" Equity strategy will be led by seasoned investment managers Douglas Sutton and Charles Sheridan, who joined Huron Capital after 13 years at BMO Private Equity (US) Inc, where they led a similar investment approach focused on the lower middle-market.
The Flex Equity strategy serves as a complementary extension of Huron Capital's strong franchise in the lower middle-market and will focus on the same types of companies within Huron Capital's core industry sectors of business
Private equity firm Strattam Capital is to partner with Blacksmith Applications’ management team to make an investment that will support expansion of the product suite in response to growing customer demand.
Under the terms of the agreement, Strattam is purchasing a majority ownership position from existing shareholders. The company’s leadership team, led by Founder and CEO Paul Wietecha, will retain a significant ownership stake.
“Our partnership with Strattam is a terrific development for Blacksmith, our employees, and our customers, who trust our easy-to-use, scalable platform with their most critical information every day,” said Paul Wietecha, who, along with the rest
Mooreland Partners acted as the exclusive financial advisor to TravelSky Technology Limited on its acquisition of OpenJaw Technologies Limited, a subsidiary of GuestLogix, Inc. The transaction is expected to close on or before 6 May, 2016, subject to customary closing conditions.
Headquartered in Beijing, TravelSky Technology provides software and related services to the aviation and travel industries in the People's Republic of China. Its services include electronic travel distribution, airport passenger processing, reservation system maintenance, e-ticketing, and information management for airlines. Since its founding in 2000, TravelSky has grown revenue to over $840 million and is now one of the
Kayne Anderson Capital Advisors and NewRoad Capital Partners have partnered to form Kayne NewRoad Ventures Fund II (KNRVF II), which will build on the success of NewRoad Ventures by continuing to partner with experienced management teams in early-stage, technology-enabled businesses within retail and other large growth opportunities.
The Fund will also seek strategic opportunities to create demand-driven businesses to serve existing, unmet needs in the marketplace through its strategic partners and unique sourcing capabilities.
KNRVF II has received total commitments of USD90 million from investors in NewRoad Ventures Fund I, the Arkansas Venture Development Fund, other local Northwest Arkansas-based investors,
Bridge Growth Partners has acquired a majority interest in Solace Systems, a provider of infrastructure messaging technology. Solace technology efficiently moves mission critical, real-time data across and between businesses and global ecosystems.
Solace products, which are deployed in many global organizations across a wide range of industries, including financial services, telecommunications and manufacturing, enable enterprises to fully leverage the power of cloud computing, Big Data, the Internet of Things, and mobile computing within their corporate technology infrastructure.
“We are very pleased to partner with Bridge Growth Partners and are excited that they share our vision and commitment to putting customers
Prestige Fund Management and Affiliated companies (Prestige), a specialist direct lending investment management group has recently celebrated the seventh birthday of its “Alternative Finance Fund” by passing USD500 million/GBP350 million in assets under management.
Group assets raised since 2008 now stand at approximately USD1.1 billion/GBP780 million. Prestige, focuses on commercial loans for small and medium enterprises (SMEs) in the UK, launched its loan strategy in 2008 and now has over 60 employees and retained consultants globally. Specialist financing areas of focus include asset, project and invoice finance related opportunities.
The milestone comes for Prestige as pension funds and other
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
