Allocations
Palamon Capital Partners (Palamon) portfolio company, connected insurance service provider FairConnect, is to acquire G-Evolution from Groupama Assicurazioni Italia.
As part of the transaction, FairConnect will establish a long-term strategic partnership agreement with Groupama, the leading insurance carrier in France, for the provision of advanced connected insurance solutions. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to complete in the second half of 2021.
Headquartered in Switzerland and with major operations in Italy, France and Germany, FairConnect is a leading specialised provider of connected insurance services to some of the largest insurance carriers in
HCAP Partners, a California-based private equity firm and nationally recognised impact investor, has invested in Myndshft, a provider of real-time medical benefits check and electronic prior authorisation technology. Terms of the investment have not been disclosed.
Based in Mesa, Arizona, Myndshft develops real-time medical benefit check (RTMBC) and electronic prior authorisation (ePA) software solutions for payers and providers. In line with the company’s mission to free up people to focus on the work that matters—providing care to patients—Myndshft’s end-to-end solution addresses the complexities and inefficiencies around providing accurate and detailed benefits coverage and out-of-pocket costs at the point-of-care to patients.
Geneva Glen Capital (GGC) has completed the sale of Southeastern Health Care at Home (Southeastern) to AccentCare, a national leader in post-acute healthcare based in Dallas, Texas.
Southeastern is the largest privately-owned home health services provider in Pennsylvania. Headquartered in Bristol, PA, the Company operates in 12 offices across Eastern Pennsylvania and Eastern Virginia serving over 3,100 patients. In addition to its skilled home health business, Southeastern also provides hospice, palliative care, and mobile primary care services. GGC recapitalised Southeastern in 2016 in partnership with GGC Operating Partner Rick Gandersman and the existing management team, led by co-founders George Pinel
Forefront RF, a Cambridge-based fabless semiconductor company, has launched after raising GBP1.5 million from a syndicate led by Bristol-based Science Creates Ventures and including Foresight Williams Technology, BGF, and The Cambridge Angels.
Cairngorm Capital Partners has closed its third fund – Cairngorm Capital III – at its GBP200 million hard cap. The fund, which was oversubscribed, has already made five investments.
Signalling ongoing confidence in and support for its investment approach, Cairngorm Capital is backed by an array of leading international institutional investors, comprising prestigious European funds of funds, US university endowments and major charitable trusts. Cairngorm Capital is particularly gratified that each of its existing institutional investors increased their commitment for Fund III. The firm’s third fund has also attracted new investment from a number of leading North American endowments. In line
Afilio, a Berlin based Insurtech, has secured USD13 million in highly competitive Series A funding to support the expansion of their ‘Peace of Mind-as-a-Service’ platform offering users digital estate management services.
The round was led by CommerzVentures, the specialist fintech investor behind successes including Bought By Many, eToro, Marqeta, and By Miles, who were also joined by Speedinvest, while existing investors Cherry Ventures and Cavalry Ventures participated.
Founded by university friends Till Oltmanns, Philip Harms, and Richard Musiol, Afilio offers its customers a comprehensive and easy to use digital platform for selecting insurance, managing policies, and storing documentation relating to
Kellermeyer Bergensons Services, a trusted partner to operations and facility managers across North America, has acquired American Maintenance. KBS is a portfolio company of Cerberus Capital Management (Cerberus).
Headquartered in Babylon, New York, American Maintenance is a leading provider of facility maintenance solutions. For more than 45 years, it has delivered high-quality janitorial and light maintenance services to clients throughout the United States. The company has experience in the government, education, manufacturing and retail sectors, as well as in sports and entertainment and Class A office buildings. American Maintenance shares the KBS commitment to sustainability, having implemented green cleaning as
Analysis of a business’s Environmental, Social and Governance credentials must play a far bigger role in due diligence for M&A deals, says Accuracy, a global independent financial and strategic consulting firm.
Accuracy says that businesses are becoming increasingly aware of how underperformance on ESG metrics can increase risks and affect the long-term returns of companies they acquire. The firm says that ESG analysis must now be treated as an integrated part of the due diligence process, rather than as an ‘add-on’ as is still frequently the case.
The firm says that an important role played by due diligence is to
Podcast publisher Auddy Limited has acquired Radio Wolfgang, producer of branded podcasts for clients such as Soho House, Greenpeace, Selfridges and Primark. Its personalities, presenters and stars have included Jonathan Ross, Rick Edwards and online sensation Estée Lalonde.
Funds managed by Ares Management Corporation’s European Direct Lending strategy are serving as the sole lenders of GBP1 billion of available debt facilities to the RSK Group (RSK), a UK-based privately-owned multi-disciplinary environmental business.
This transaction marks the largest private credit-backed sustainability linked financing to date and will be used to refinance RSK’s existing credit facilities as well as support its continued organic and inorganic growth plans.
The new debt facilities include an annual margin review based on the achievement of sustainability targets, which are broadly focused on carbon intensity reduction and continual improvement to health and safety management and
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
