Allocations
Ritchie Bros, a global asset management, disposition, and services company, is to acquire European plant and machinery auction house, Euro Auctions, for an enterprise value of GBP775 million (approximately USD1.08 billion).
Founded in 1998, Euro Auctions conducts unreserved heavy equipment auctions with onsite and online bidding under the brands Euro Auctions and Yoder & Frey, with 200-plus employees in 14 countries. In 2020 the company conducted 60 auctions, selling close to 90,000 items for GBP484-plus million across its nine locations in the United Kingdom, Northern Ireland, Germany, Spain, the United Arab Emirates, Australia, and the United States. Similar to Ritchie
Phillips 66 has made an investment in Seeq, a developer of software applications for analysing and sharing insights on process manufacturing data.
The investment is through the Altira Group, a venture capital firm that counts Seeq as one of its portfolio companies. It is the first investment by Phillips 66’s Digital Ventures organisation, which is part of the AdvantEdge66 program launched by the company to drive digital transformation and innovation.
“Data can yield incredible value and insights when properly gathered and refined through advanced analytics,” said Zhanna Golodryga, Senior Vice President and Chief Digital and Administrative Officer for Phillips 66.
Perusa Partners Fund 2 portfolio company PROLED GROUP (PROLED), a specialist in the design, manufacturing and distribution of LED lighting solutions and portfolio, has acquired a majority stake in German premium lighting provider mawa design Licht- und Wohnideen (mawa).
Mid-market private equity investor LDC has backed the management buyout (MBO) of Texecom, the UK’s leading manufacturer of electronic security products and services, from FTSE 100-listed technology group Halma plc.
Texecom manufactures and supplies intruder detection and mass notification solutions to the global commercial, industrial and high-end residential markets protecting millions of properties around the world. It also uses digital and cloud-based technology to provide integrated security and building management systems.
The business turned over GBP33.4 million FYE March 2021 and employs more than 380 people across its manufacturing facilities in Haslingden and Delph, and international offices in India,
Greengage, which has plans to become the first digital asset merchant bank, has secured its first institutional investment, a commitment of GBP2.5 million from Gibraltar-based portfolio firm, IOVlabs.
This latest investment will support Greengage’s ongoing expansion, technology developments and team growth, including the hire of a new CFO, Head of Operations, Head of Compliance and Money Laundering Reporting Officer.
As a long-standing investor and builder in digital finance, IOVlabs is an ideal partner for fellow Gibraltar-based firm Greengage. IOVlabs’ vision of creating socially responsible and inclusive financial technology tools chimes closely with Greengage’s own mission, including its goal to
Condeco Software (Condeco), a specialist in workspace scheduling technology, has secured strategic growth investment from Thoma Bravo and JMI Equity.
The investment is expected to accelerate Condeco’s growth globally and drive increased innovation within Condeco’s workplace scheduling technology platform. Paul Statham along with other members of Condeco’s management team will remain significant shareholders.
Founded by CEO Paul Statham in 2005, Condeco serves over 2,000 companies, providing technology to improve employee experiences and manage workspaces, allowing companies to quickly adapt to the ever-changing office environment. Headquartered in London with offices around the world, Condeco combines its world-leading technology with its team’s
Keensight Capital, a private equity manager dedicated to pan-European Growth Buyout investments, has entered into an agreement to sell its stake in Demetra Holding (Demetra) to Astorg.
Created in 2016 by Keensight Capital and Tecres management, following the combination of Italy-based Tecres and Germany-based AAP Biomaterials, Demetra develops, manufactures, and distributes products used in orthopaedic implant surgeries and spine interventions.
More specifically, the company is one of the leading suppliers of bone cement, a product used for the fixation of orthopaedic implants and for the filling of vertebral compression fractures. Demetra has also pioneered the preformed spacer technology: these
Raiven Capital, a Canada-US, early-stage venture fund, has invested in AI-driven platform Scopio, which allows artists from everywhere to sell their images – photography, art, illustrations – anywhere. Currently, artists from 150 countries are represented on the site.
Vistra has launch its Special Purpose Acquisition Companies (SPAC) service, which aims to provide a tailored proposition built around the key phases of a SPAC to address each stage of growth – beginning with an IPO through to de-SPACing and business growth.
Leveraging Vistra’s extensive expertise across multiple jurisdictions, sectors, and intermediary relationships, Vistra supports a wide range of SPAC scenarios. Vistra also provides leading entity expertise with over 200,000 entities under management, including Special Purpose Vehicles (SPVs).
“As we experience accelerated change across the business landscape globally, SPACs have picked up pace and continue to develop as an
UK law firm Shoosmiths has advised Kortext, a Bournemouth-based university-focussed digital teaching and learning platform, in securing a GBP15 million series B investment from DMG Ventures, the venture capital arm of Daily Mail and General Trust plc, that has previously backed companies including Cazoo and Zoopla.
Kortext has been a Shoosmiths client since its founding by James Gray in 2013. The firm has acted for Kortext in all its prior funding rounds, raising GBP19 million since it began trading. DMG Ventures led the company’s series A round in 2019 and was the sole participant in this latest round.
The transaction
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
