London based Just-Eat, the world’s largest online takeaway ordering service, has closed a financing round of USD64m (EUR48m) led by funds managed by Vitruvian Partners, a European private equity firm, with Index Ventures, Greylock Partners and Redpoint Ventures also participating. This investment marks the Company’s third and largest funding round in less than two years. The investment will be used to continue Just-Eat’s growth, entries into new countries and product innovation, further cementing its global leadership in the online takeaway category. Klaus Nyengaard, Chief Executive Officer of Just-Eat, says: "This new investment will help our continued expansion. Takeaway e-commerce has

Mid market private equity firm Palamon Capital Partners has concluded a transaction with Royal Bank of Scotland (RBS), to provide a GBP23 million financing package for its portfolio company, Cambridge Education Group. The deal includes a dividend recapitalisation for equity holders and additional debt financing for continued growth.   Cambridge Education Group is a leading UK provider of pre-University foundation programmes and English language training principally to foreign students keen to attend UK universities. Having identified the growing attractiveness of British education to international students Palamon acquired CEG in 2007 in partnership with a new management team led by Fergus Brownlee.  Since

JP Morgan Private Equity Limited (JPEL) has agreed in principle to terms on a new multi-currency credit facility with a longer maturity date with Lloyds TSB Bank plc.  The new facility will expire in January 2017 and contains similar covenants to the Company’s existing $150 million multi-currency facility which was due to expire in May 2013.  Key terms of the proposed facility include:   LIBOR +280bps for a loan to value ratio (LTV) of less than or equal to 10%, with no LIBOR floor LIBOR +330bps for a LTV ratio of greater than 10%, with no LIBOR floor   "We

PineBridge Investments, the global multi-asset class investment manager, has successfully closed its latest collateralised loan obligation (CLO), Galaxy XII CLO, Ltd. The issuance was comprised of approximately USD412.5 million of notes and closed on 24 April, 2012. The notes are secured by broadly syndicated first-lien senior secured corporate loans and other corporate notes and bonds, and the entire offering was fully or over-subscribed. This is the fifteenth CLO that PineBridge has brought to market, taking the firm’s total leveraged finance assets under management to USD7.8 billion. “The closing of Galaxy XII marks another successful investment and asset raise for PineBridge,

Ingenious has successfully closed the fund raising for ten Ingenious Solar UK EIS companies. The fund raise exceeded its target and the majority of the aggregate funds raised have now been deployed. Each Ingenious Solar UK EIS company has acquired a portfolio of solar photovoltaic panels which are fitted on residential properties and are already generating electricity and eligible to receive Government backed Feed-in-Tariff payments. The cumulative investment across these ten companies has funded the purchase of more than 2,000 solar installations. Ingenious Solar UK EIS exceeded its target raise by a significant margin of 27 per cent, an excellent

Bangalore-based affordable medical technology and solutions company Forus Health Pvt Ltd (Forus) has successfully raised Series A funding of USD5 million from venture capital funds, Accel Partners and IDG Ventures India. Unitus Capital was the sole advisor to Forus for the transaction. Forus’ mission is to address the healthcare delivery issues in the developing world through innovative and inclusive product design, and service deployment. Its flagship product 3nethra: a portable, low cost, non-mydriatic, non-invasive pre-screening ophthalmology solution, can detect cataracts, glaucoma, diabetic retina, refraction and cornea problems – diseases that contribute to 90% of avoidable blindness in India. 3nethra can

Ciklum, an innovative IT outsourcing company specialising in nearshore software development in Eastern Europe, in Ukraine and Belarus, has sold a minority stake to Horizon Capital, a regional private equity fund manager. The funding for this deal comes from Horizon Capital’s Emerging Europe Growth Fund II (EEGF II), which was raised in 2008. The financial details of the transaction have not been disclosed. Ukraine’s IT outsourcing market has been demonstrating impressive cumulative average growth rates of 28% per annum during 2004-2011 and is forecasted to enjoy 20-25% growth rates per annum during 2012-2016 based on the continued cost advantage of

Private equity firm Superior Capital Partners has acquired KDM from CoActive Technologies as an add-on acquisition to its user-interface and product identification portfolio company, Nelson-Miller, Inc.  The transaction represents the eleventh acquisition from Superior’s 2008 inaugural fund and the seventh acquisition since the beginning of 2011.     Nelson-Miller, based in Los Angeles, designs, manufactures and sources customised membrane switches, graphic overlays, nameplates, rubber keypads, touchscreens and other user-interface and product identification solutions.  The Company’s products are highly customised and are used by original equipment manufacturers in a broad range of industries such as healthcare, industrial, aerospace and consumer.  Located in