Allocations
Novo Holdings, an international life sciences investor, today announced that it has invested in Sound Bioventures Fund I as cornerstone investor in the first close of EUR110 million.
Sound Bioventures will be investing in private biotech companies and will focus on companies with assets in clinical or late pre-clinical stages, primarily within rare diseases.
The fund will be managed by a founding team with extensive experience from venture investing and operational drug development. The team includes Casper Breum, who has a background from Novo Nordisk, Lundbeck and Lundbeckfonden Ventures, Johan Kördel who brings experience from Pharmacia, Biovitrum and Lundbeckfonden Ventures,
New Water Capital, a lower-middle market private equity firm, has sold Emerald EMS (Emerald), a provider of high-mix, low-volume engineering, design, prototyping, testing, assembly and lifecycle support services for blue-chip original equipment manufacturers, to private equity firm Crestview Partners (Crestview).
Emerald EMS increased earnings five-fold during the two years of New Water’s ownership.
New Water’s initial investment in the Electronic Manufacturing Services (EMS) sector occurred in September 2019, through its initial simultaneous acquisition of Salem, New Hampshire-based DataED and Silicon Valley-based Bestronics, Inc. New Water and management re-branded the two companies in June 2020 to create Emerald EMS.
Financial terms
HIG Capital (HIG) has completed a growth investment in IT solutions provider General Datatech (GDT).
GDT is a multi-vendor IT solutions provider (ITSP) with a services-driven approach serving blue chip enterprises and government agencies across the globe. Founded in 1996, the Company offers its customers comprehensive solutions, including professional services, managed services, and the design, architecture and resale of OEM hardware, software, and maintenance.
Script, a specialist in Enzymatic DNA Synthesis (EDS) for on-demand DNA printing, has completed its Series C financing, raising USD200 million of new capital. With this latest financing, DNA Script has raised USD315 million since the company was founded in 2014.
Accounts and funds advised by T Rowe Price Associates and Baillie Gifford participated in the second tranche of the Series C, along with Healthcor Management, eureKARE, and Irving Investors. They joined Coatue Management, Catalio Capital Management, Fidelity Management & Research Company LLC, Columbia Threadneedle Investments, Casdin Capital, as well as other investors who participated in the first closing.
Proceeds
Vietnam-based Anfin, a fintech firm with a proprietary stock trading platform, has raised USD1.2 million in a seed round led by Goodwater Capital and Global Founders Capital (GFC) – the latter coming in as a returning investor.
Joining the round is a new investor, XA Network as well as First Check Ventures, another existing investor of Anfin’s. The fresh injection will be channelled into doubling down efforts to further develop Anfin’s platform to provide its retail investors real-time fractional share trading.
The investment comes at the heels of a recent agreement inked in December 2021 with Viet Tin Securities
IK Partners’ (IK) IK Small Cap III Fund is to acquire STEIN HGS (STEIN HGS), a B2B e-commerce specialist for barrier technology, municipality, construction site and facility management supplies.
IK is investing from its dedicated pool of Development Capital and is acquiring its stake from Lennertz & Co (Lennertz) and the founder, Bodo Stein, both of whom will be reinvesting alongside IK. Financial terms of the transaction have not been disclosed.
Completion of the transaction is subject to legal and regulatory approvals.
Silverfleet is to sell CoreDux, a manufacturer of flexible gas and fluid artery systems headquartered in The Netherlands, to Arcline Investment Management.
Completion of the transaction is subject to customary regulatory approvals and is expected by Q1 or Q2 2022.
Founded following a carve-out of two entities from the BOA Group in 2019, CoreDux is a vertically integrated provider of flexible gas and fluid artery systems used in the most demanding high-tech applications such as semiconductor production equipment and aerospace equipment. The firm employs c300 staff and has manufacturing facilities in The Netherlands and France with further sales and
Markerstudy has acquired BGL Insurance (BGLi) from BGL Group, a digital distributor of insurance and household financial services, subject to regulatory approval.
The transaction is subject to regulatory approval and is expected to complete during the first half of 2022.
Markerstudy was advised by KBW, Slaughter and May, and Oliver Wyman. BGL Group was advised by Fenchurch Advisory Partners and Dentons.
Semcon is expanding its offering in digital learning by establishing a local presence in a new geographic market through the acquisition of UK-based Walkgrove.
Walkgrove began operating back in 1994 and the company has a long tradition of providing high-quality learning solutions. Its customer base includes organisations from many different sectors, such as insurance, health and social care and humanitarian, including The UN and Oxfam. Its operations are based near Nottingham and Derby in the UK East Midlands. Walkgrove’s 20 employees have broad expertise in the development and production of learning material, with 85 per cent of its current portfolio
Azalea Investment Management has held the closing of the second fund of its flagship private equity fund of funds product, Altrium II, at USD805 million, with capital commitments from a diverse group of limited partners including pensions, foundations, insurers, family offices and high-net-worth individuals.
Altrium II is a PE fund of funds product that allows accredited investors direct equity participation in a quality, diversified portfolio of PE funds across the US, Europe and Asia.
Launching two years after Azalea’s inaugural Altrium I of USD650 million in 2019, Altrium II represents a continuation of Azalea’s mandate to broaden investors’ access
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
