Allocations
Funds managed by Apollo affiliates are to acquire a 50 per cent stake in Broad Reach Power (Broad Reach), a utility-scale energy storage and renewable energy platform in the US, from EnCap Energy Transition Fund I (EETFI).
The Apollo Funds will acquire the stake from existing investor EnCap Investments LP (EnCap) and its co-investment partners Yorktown Partners and Mercuria Energy. EnCap and its co-investment partners will retain the other 50 per cent stake and, together with the Apollo Funds, commit to invest up to USD400 million of additional equity to fund Broad Reach’s continued expansion and growth pipeline.
Broad
MGC Diagnostics Corporation (MGC), a global medical technology company dedicated to cardiorespiratory health solutions, and a portfolio company of Altus Capital Partners (Altus), has acquired Lemon Medical, a medical technology company, headquartered in Hammelburg, Germany.
Financial terms of the transaction have not been disclosed.
Lemon Medical, a German Limited Liability Company, founded in 2009, specialises in the design, development, production, and distribution of single-patient use disposables. These include viral and bacterial filters designed to protect patients, medical personnel, and diagnostic instruments against cross contamination during cardiorespiratory function testing. The usage of these protective products is experiencing significant growth because
YFM Equity Partners (YFM), has once again seen the offers for its two managed Venture Capital Trusts (VCTs) fully subscribed in a matter of weeks. After launching on 22 September, it has already succeeded in raising GBP60m of committed funds as it continues to invest in SMEs nationwide, with a focus on businesses in the tech sector.
With offices in Leeds, Manchester, London, Reading and Birmingham, this takes the partner-led private equity firm to over GBP400 million of funds under management, providing vital funding for dynamic young businesses across the UK. British Smaller Companies VCT plc was first listed on
Octopus Titan VCT’s latest offer closed on Thursday 18 November, having raised its full fundraising target of GBP200 million in four weeks.
Meanwhile demand for VCTs is soaring, already raising almost 3.65x as much as the total raised at this point last year.
Managed by Octopus Ventures, one of Europe’s largest venture capital teams, Octopus Titan VCT has grown to be the largest VCT, with net assets of GBP1.28 billion (June 2021, before the latest fundraise). Since 2007, it has invested in 100s of businesses and helped create four unicorns (private companies valued at over GBP1 billion). In the
Trilantic Europe, a private equity firm focused on mid-market transactions in Europe, has invested in Denver, a manufacturer of bicycles and e-bikes for large European retailers.
Michele and Giuseppe Beraudo, the two co-founders of Denver, will remain as minority shareholders.
Based in Dronero (Italy) and founded more than 20 years ago, the company offers a wide range of products such as: e-bikes, city bikes, mountain bikes, leisure bikes and children’s bikes. The company sells more than 800,000 bicycles per year in Europe (with Italy and France currently being the core markets) and revenues are evenly split between traditional bicycles and
Edge Investments has raised GBP85 million for its second venture fund, Create the Future, which is targeting a final close at GBP100 million.
The British Business Bank, the cornerstone investor in the fund, has committed GBP50 million through its Enterprise Capital Funds programme, which aims to increase the supply of equity capital to high-potential, early-stage UK companies and lower barriers to entry for fund managers looking to operate in the VC market. This is the second investment from the ECF programme to an Edge fund, following a GBP24 million commitment in 2015 to Edge’s Edge Creative Enterprise Fund (ECEF).
Cyber Manufacture Co, a narrative-based Web3 platform behind the next generation NFT project GAMA, has closed a USD6 million pre-Series A funding round led by Synergis and Collab+Currency.
Seneca Partners’ EIS portfolio company, Manchester-based Wejo Limited (Wejo), a specialist in connected vehicle data, has completed a reverse merger with Virtuoso Acquisition Corp (VOSO.O) and the enlarged business is now trading on Nasdaq.
The deal will enable Wejo to accelerate expansion of markets across traffic management, advertising, fleet management, insurance, remote diagnostics, car sharing and rental, roadside assistance, payments, SaaS solutions and more.
Every day, Wejo collects in near-real-time 14.6 billion data points and analyses 66 million journeys across a network of 10.7 million live vehicles from a supply base of over 50 million connected vehicles. Wejo expects its
ScaleUp Capital, a specialist in investing in and supporting scaling B2B digital businesses with revenues of GBP1 million to GBP10 million, has closed a GBP4 million investment round in Sifted.
The investment will enable the media outlet to continue scaling the definitive resource for insights on the European startup ecosystem. It will use the capital raised to expand its existing team of 40 employees to double that number next year, adding to its editorial, commercial, marketing and tech and data teams. The editorial team already consists of 15 journalists in London, Stockholm, Paris, Berlin and Barcelona, with plans to expand
Ropes & Gray has represented Bain Capital Private Equity in its majority investment in InnovaCare Health, a regional leader in integrated and value-based healthcare services.
Terms of the transaction have not been disclosed.
Throughout its 20-plus year history, InnovaCare Health has owned, operated and managed an integrated portfolio of leading medical groups, health plans, medical service organizations and clinical networks. Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984.
The Ropes & Gray team that represented Bain Capital Private Equity was
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
