Allocations
Breakwater Management (Breakwater), a leading capital provider to the US lower middle market, has expanded its investment management platform to include a control private equity strategy.
This new effort builds upon Breakwater’s 12-year history providing growth capital and acquisition financing through both private debt and structured equity. The platform extension will focus on partnering with outstanding management teams and founders to create significant value through operational improvements, the execution of organic growth opportunities, as well as add-on acquisitions.
“With this new vertical, we’ve expanded our ability to meet the full range of financing needs a lower middle market company may
Bitcoin infrastructure firm Blockstream has raised USD210 million as part of a Series B financing on a valuation of USD3.2 billion. Investors include Baillie Gifford and iFinex.
The new funding comes alongside the acquisition of Spondoolies’ intellectual property, and the core team joining Blockstream to build Blockstream’s ASIC arm. Spondoolies is a bitcoin mining hardware manufacturer founded by top Israeli semiconductor veterans. Since its inception in 2013, the Spondoolies team successfully designed and built five different mining products and was one of the earliest teams in the bitcoin mining industry to deliver energy-efficient and high-performance mining hardware.
“Blockstream is bringing
Axcel Management (Axcel), an investor in the Nordic market, has closed Axcel VI at its hard cap of EUR800 million, an increase of more than 30 per cent compared to its predecessor fund.
Axcel is equally pleased with the continued strong support it received from existing investors representing approximately 65 per cent of the total commitments, as it is to welcome the many new investors.
As a result of its solid investment pipeline, Axcel VI has already completed six investments, which have seen strong, early momentum and a significant value increase.
Christian Schmidt-Jacobsen, Managing Partner at Axcel, says: “We are
Private investment firm Auxo Investment Partners has acquired Altus Industries Inc, a Grand Rapids, MI-based designer, manufacturer, assembler and marketer of medical, point-of-care workstations used across the healthcare industry.
As part of the deal, Spectrum Health Ventures, one of Altus’s larger customers, will join as a strategic partner in the transaction.
Serving the healthcare sector, Altus’s product portfolio includes powered and non-powered mobile technology workstations (also known as workstations on wheels, medical mobile carts or mobility workstations) and wall-mounted workstations, along with related accessories. The transaction is part of co-founders’ Craig VanderHeide’s and Eric Kahkonen’s succession plan for Altus,
Strong demand for full fibre broadband and high levels of customer satisfaction have seen rapidly-growing independent Internet Service Provider (ISP) Trooli secure a GBP67.5 million senior debt facility with the support of the Connecting Europe Broadband Fund (CEBF) team – with attractive terms from a consortium of commercial lenders, with potential for a further increase depending on business needs.
The funds will be used to expand the reach of Trooli’s Gigabit-capable network as it increases from more than 100,000 premises today to 170,000 by the end of 2021, 400,000 during 2022, and rising to one million in 2024.
The
Souter Investments, a private equity-focussed family investment office, has continued its deal making during 2021 with the announcement of the sale of Pet Network International plus the completion of three new investments.
The new investments span a variety of sectors and geographies ranging from sustainably sourced fashion to climate finance and carbon neutral solutions for the voluntary carbon market, and from global fuel and oil testing to UK domestic landline, broadband, TV, and mobile services.
The exit of Souter’s investment in Pet Network International follows the successful sale of the business by The Rohatyn Group (“TRG”) to A&M Capital Europe.
PDQ.com (PDQ), a provider of IT asset management software for small and medium-sized businesses, has secured a growth investment from private equity firm TA Associates (TA).
TA, together with PDQ’s founders and executive management team, plan to accelerate PDQ’s growth as the company aims to expand its portfolio of easy-to-use IT asset management and scanning software solutions.
PDQ provides software for system administrators and IT professionals. The company’s primary products are PDQ Deploy, an automated patch management, software update and endpoint communications application; and PDQ Inventory, an endpoint information collection and reporting application for software, hardware and Windows configuration
Azurity Pharmaceuticals (Azurity) is to acquire Arbor Pharmaceuticals (Arbor) from the company’s existing investors including JW Asset Management and KKR.
Following the completion of the transaction, which is subject to regulatory approvals, Azurity and Arbor will merge, creating a leading company offering innovative, high-value products to meet the unique needs of patients with underserved conditions. Financial details of the transaction have not been disclosed.
“On behalf of the Azurity and Arbor teams, I am delighted to announce this agreement and the potential it brings to our combined company,” says Amit Patel, Chairman and CEO of Azurity. “The combination of
Lakemore Partner, a credit investment firm primarily investing in control CLO equity, has successfully closed Aquatine IV at USD400 million as a result of strong investor demand.
Aquatine IV is Lakemore’s fourth CLO fund within the Aquatine platform, which invests in control equity positions in US CLOs, and is currently one of the market’s largest dedicated CLO control equity funds. The Fund’s investors are a diverse group of institutional investors representing private banks, fund of funds, insurance companies, family offices and high net worth individuals, many of whom have invested in previous Lakemore Aquatine Funds.
“The successful close of
Arlington Capital Partners (Arlington Capital), a Washington DC-area private equity firm, is to acquire MCR (MCR), a provider of cost analysis and engineering and software development expertise to customers in defence, intelligence and critical civilian governmental agencies in the US as well as customers internationally.
MCR’s senior management team has invested alongside Arlington in the transaction.
David Wodlinger, Partner at Arlington, says: “MCR has established itself as a preeminent provider of differentiated systems engineering and integration solutions that address critical national security objectives in the space, cyber, and missile defence domains. We are partnering with MCR to increase investment in
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
