Allocations
Technology infrastructure provider Six Degrees Group (6DG) has launched a GBP12 million organic investment programme to support the company’s business growth plans for 2016.
The substantial additional capital investment comes six months after funds managed by Charlesbank Capital Partners acquired 6DG with the goal of building the UK’s largest mid-market managed services provider. With a commitment to recruit 50 people, 6DG will be building and developing its sales, marketing and customer service teams, amongst others, to service its growing customer and partner base. The GBP12m investment for growth is a purely organic play, designed to complement 6DG’s ongoing ambitious acquisition agenda.
Zipnosis has raised a USD17 million Series A financing round led by Safeguard Scientifics with participation from Ascension Ventures, a subsidiary of Ascension, along with existing investors Fairview Health Services, Hyde Park Venture Partners, Arthur Ventures, Waterline Ventures and Omphalos Ventures.
Proceeds will be used to expand Zipnosis’ sales and marketing efforts and to accelerate product development.
Zipnosis is the first virtual care solution that empowers health systems to launch their own branded virtual care service line staffed with their own clinicians – maximising the clinician’s time and ensuring clinically appropriate patient outcomes.
Zipnosis is the first virtual care solution
Ipes has entered into an agreement with KPMG to provide investors with certain services, including developing and marketing services to support investors throughout the lifecycle of the funds in which they invest.
As the Foreign Account Tax Compliance Act (FATCA) expands into the Common Reporting Standard (CRS), the services will continue to grow to include client due diligence (CDD), investor relations and possibly some tax information reporting.
In 2014 Ipes worked with KPMG to build a FATCA service and all FATCA entity classifications that Ipes undertakes for their clients are verified by KPMG. Previously, KPMG had worked with Ipes to
Beechbrook Capital has held the first close of its inaugural UK SME Credit Fund, with commitments of more than GBP100m. The fund will support UK small and medium-sized businesses with a turnover of between GBP10 million and GBP100 million and EBITDA of more than GBP1 million.
Among the institutional investors that have made commitments to the new fund are British Business Bank Investments Limited, the commercial arm of the British Business Bank, and the European Investment Fund. With additional investments to the fund already pledged, Beechbrook expects to hold a second close in the second quarter of 2016 with a
Monomoy Capital Partners, a private equity firm focused on deep value investing and operational improvement in the lower middle market, has acquired Construction Resources, and Builder Specialties. Terms of the transaction have not been disclosed.
The combination of the two businesses under the Construction Resources name creates a new specialty building products distributor for home builders in the Southeast. The company fabricates, distributes and installs countertops, appliances, hearth products, garage doors, glass and mirror products, flooring products, lighting products and cabinets. Construction Resources is now positioned as the largest ‘one-stop shop’ for specialty building products in the Southeastern US. The
US mid-market private equity firm Highlander Partners has soid ZREW Transformatory, its portfolio company in Central Europe, to R&S International Holding, a private equity owned Swiss producer of electrical products and systems for the power distribution and electrical infrastructure market.
ZREW complements the portfolio of the Swiss Rauscher & Stoecklin and the Czech SERW, both subsidiaries of R&S International Holding. All together they will form part of a leading European industry group.
ZREW, a Highlander Partners investment since 2012, is a nationally recognised manufacturer of medium-power transformers with a more than 50 year track-record in Poland. Over the course of
Emperra has completed a Series B financing round of USD3.1 million, with Robert Bosch Venture Capital GmbH (RBVC), a corporate venture capital company of the Bosch Group, joining the existing investors Peppermint VenturePartners and Investitionsbank des Landes Brandenburg.
The funds will be used for further product development and to accelerate international growth, predominantly in the United States and Europe.
With its flagship product ESYSTA, Emperra has debuted the first ever fully integrated digital diabetes management system. In it, key innovations such as smart insulin pens (usable with all major insulin brands), wireless blood glucose meters, and CE-certified software work together
21 Concordia, the Warsaw-based, Polish branch of 21 Partners, has acquired a majority stake in Wójcik Fashion, a leading Polish high-end childrenswear company.
Founded by Ilona Wójcik in 1987, Wójcik manufactures and sells its products under three brands: Wójcik – a prime, well-known Polish brand comprised of casual clothing for boys and girls; Ceremony: – an exclusive collection offering outfits for special occasions; and Lady Diamond – designed for teenage girls and characterised by style and elegance for everyday use.
In addition to a retail network of seven proprietary and 30 franchise stores in Poland, Wójcik distributes wholesale in
Almirall, a pharmaceutical company based in Barcelona, has exercised a call option to acquire 100 per cent of the share capital of ThermiGen, a privately held medical aesthetics technology company and a developer and manufacturer of thermistor-regulated energy systems for plastic surgery and aesthetics dermatology applications.
In September 2015, Almirall acquired a minority stake in ThermiGen for USD USD5 million representing 7.7 per cent of the share capital of the company and paid USD2.5 million in exchange of a call option right to acquire up to 100 per cent of the company for an Enterprise Value of C. USD80m. In
Patron Capital and Electra Partners have agreed the GBP325 million acquisition of Grainger Retirement Solutions, the home reversion equity release business of Grainger plc.
Completion of the transaction, in which each of Patron and Electra will invest GBP45 million, is subject to regulatory approvals. Board representation will be equal between Patron Capital and Electra Partners. Patron Capital will be the operating partner.
Retirement Solutions is an originator, consolidator and servicer of home reversion equity release plans. The business has around 20 staff and its current portfolio comprises over 3,500 properties.
Keith Breslauer, Managing Director of Patron Capital, says: “As property
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