Allocations
Veggie Grill, a West Coast restaurant concept known for plant-based food, has completed its fourth round of equity funding with an investment from Brentwood Associates.
Armed with 16 per cent same-store-sales growth, a more than doubling of restaurant locations in the most recent year, and strong investor confidence, the company quickly secured the USD20m common stock funding from both current shareholders and new investors.
Chief energizing officer Greg Dollarhyde says: "The interest we received from our investors was quite substantial and exciting. This additional capital base will support our aggressive growth plans to meet the increasing consumer demand for delicious,
Frontier markets investment banking boutique Exotix has entered into a partnership with TLG Capital, a private equity investor in sub-Saharan Africa and frontier markets.
The agreement will see Exotix provide advice and capital raising support to TLG Capital.
It will also enhance Exotix clients’ access to opportunity rich markets in sub-Saharan Africa. In addition to the strategic partnership, Exotix management will also be personally investing in the platform
TLG Capital brings together regional and sector specific funds under a single platform for the benefit of investors and fund managers alike. This centralised platform offers a more stable framework through
Avillion has received initial funding from Abingworth and Clarus Ventures.
Avillion, based in London, UK, is partnering with pharmaceutical and biotechnology companies to co-develop and finance late stage therapeutics.
The company will use its clinical development and regulatory expertise to obtain global approvals for a broad range of drugs and biologics.
Lewis Cameron, chief executive of Avillion, says: "Avillion offers pharma and biotech companies a compelling option to partner late stage drug approval projects globally. We have an experienced team focused on global drug development and approval, with the capability to optimise CRO management."
Cameron has held senior executive positions
Investment into European companies continued its year-over-year decline during a weak fourth quarter of 2012, as Europe-based companies raised EUR967m from 233 venture capital deals, according to Dow Jones VentureSource.
The drop represents a 26 per cent decrease in capital and a 22 per cent decrease in deals from the same period in 2011.
During 2012, venture capitalists put EUR4.4bn into a total of 1074 deals, a slight drop of nine per cent in capital invested and 11 per cent in the number of deals completed in 2011.
“With M&A at its lowest since VentureSource started tracking data
Smedvig Capital, the London-based venture capital firm, has sold Swedish self storage company Selstor to Pelican Self Storage, another significant self storage player, operating in Copenhagen and Helsinki.
Established in 2009, Pelican Self Storage is focused on the development, redevelopment, acquisition and operation of self storage facilities in Scandinavia.
Selstor was founded in 2006 by Michael Fogelberg to take advantage of the under-penetrated Swedish self storage market. Smedvig Capital first invested in Selstor in 2008 and has been closely involved in the business, working extensively with management in a variety of areas. This included structuring the ongoing financing for
PE-Nexus, the private market network for deal flow exchange between middle-market M&A professionals, facilitated a USD4m senior secured debt financing of HomeTown Oxygen by New York City-based Enhanced Capital Partners through its SBIC fund, Enhanced Small Business Investment Company (ESBIC).
Sell-side representation to HomeTown Oxygen was provided by the Charlotte office of Atlanta, GA-based Summit Acquisitions Group.
The PE-Nexus platform connected the two via its sweeping Buy-Side Mandate functionality, a communication tool that broadcasts specific acquisition criteria to the entire PE-Nexus ecosystem in seconds.
"We’re delighted to learn about another success story brought about by our Buy-Side Mandate tool. To
Palatine Private Equity and Beechbrook Capital have backed the management of Selection Services, an IT managed service provider, in the acquisition of Aggregated Telecom, which trades as 8el.
This is the first of what is set to be several acquisitions this year. The acquisition will significantly increase Selection’s service capabilities, adding networking, connectivity, voice and hosted telephony.
The combination of Bromley-based Selection Services and 8el creates a business with nearly 400 employees and revenues of GBP37m. It represents a major step towards the business offering a full suite of IT services to its target SME and mid-market audience.
Kidd & Company (KCO), a private investment firm focused on the middle market, has teamed up with Centerfield Capital Partners to acquire Imaginetics, a manufacturer of precision metal components and assemblies for the aerospace industry.
Located in Auburn, Washington, Imaginetics has begun to benefit from substantial growing demand in the airframe and aerostructures supply chain, as original equipment manufacturers struggle to secure capacity to allow them to meet aircraft delivery forecasts.
The company’s current customer base includes Boeing Commercial Airplanes, Boeing Defense Services, Hexcel Corporation, Spirit Aerosystems, and Zodiac Aerospace, among others.
"We are impressed by the breadth of the
Larsen MacColl Partners (LMP), a private equity fund based in Radnor, Pennsylvania, has sold a majority stake in its portfolio company, S&S Worldwide, to Sansei Yusoki (SY).
LMP made its original investment in S&S in 2009 and supported S&S’s subsequent growth with additional financial resources and strategic guidance as S&S rapidly expanded its customer base and product offering in Europe and Asia.
Sansei Yusoki is an Osaka Stock Exchange-listed company operating globally across the elevation equipment, stage equipment and amusement ride sectors. SY says its acquisition of S&S will broaden its customer base and product offering and position its amusement
The North West Fund for Digital & Creative, managed by AXM Venture Capital, has made an equity investment of GBP150,000 into Liverpool-based Med ePad, alongside a personal investment from new management.
A sister fund, The North West Fund for Biomedical managed by Spark Impact, had previously backed the company, and AXM and Spark will-co-manage the investment.
The North West Fund for Digital & Creative is part of The North West Fund and is financed by the European Regional Development Fund and the European Investment Bank.
The investment will fund the company’s ongoing trials of the Med ePad system with customers
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12 November, 2026 – 8:00 am
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