Allocations
Two former Newcastle University students who developed a unique range of alcoholic tea drinks have raised GBP1.4 million from investors to help them further expand their business.NOVELTEA has already proved popular with customers in the UK, Germany and also China. The funding will allow founders Vincent Efferoth and Lukas Passia to target new overseas markets, expand their product range and create 20 new jobs at the company’s base in Newcastle.
The investment has come from the North East Venture Fund (NEVF), which is supported by the European Regional Development Fund and managed by Mercia; the government’s Future Fund; and
Threat intelligence, hunting and response technology provider EclecticIQ has raised EUR20 million in Series C financing led by cyber investor Ace Management.
Andera Partners has unveiled the new names of its four investment teams. Two years after becoming independent in 2018, the leading private equity management company is strengthening communication around all its activities, with a focus on the Andera brand.BioDiscovery, which supports the development of innovative therapeutic products and medical technologies (amounts invested from EUR5 million to EUR35 million), has become Andrea Life Sciences.
ActoMezz, a team dedicated to sponsorless mezzanine investments (amounts invested from EUR10 million to EUR100 million), has become Andrea Acto.
Cabestan Capital, dedicated to supporting growth SMEs (amounts invested of EUR7 million to EUR20 million), has become
Mirabaud Asset Management – the investment arm of the Mirabaud Group – has held the first close of its Mirabaud Lifestyle Impact & Innovation private equity vehicle.The successful first close exceeded targeted amount of EUR 50 M by achieving in excess of EUR56 million attracted from investors across Europe, Latin America, the Middle East and Asia. Mirabaud is extremely pleased to have secured this backing.
This is Mirabaud’s second theme-based private equity strategy, after its vehicle investing in ‘Living Heritage Companies’ within the luxury sector was successfully closed in December 2018.
The Mirabaud Lifestyle Impact & Innovation vehicle seeks to
Propelair, an Essex-based developer of what is believed to be the world’s lowest water-flush toilet system, has secured GBP3 million in new equity.
New Water Capital portfolio company Emerald Electronics Manufacturing Services (Emerald EMS) has acquired two electronics manufacturing service providers — Saline, Michigan-based Saline Lectronics (SLI), and Brea, California-based Veris Manufacturing.
Diligend, a financial data collection and analysis software provider, has laucnhed an ESG and Diversity disclosure module for Limited Partners (LPs), General Partners (GPs), consultants, fund of funds, fund managers and fund administrators. Read the full story at Institutional Asset Manager…
Edge Investments (Edge), a growth investor in the UK creative economy, has invested GBP2 million in Trint, a market-leading AI-powered speech-to-text platform for content creation.
CenterOak Partners (CenterOak), a Dallas-based private equity firm, has soldn FullSpeed Automotive (FullSpeed), the fourth largest quick lube operator in the US, to MidOcean Partners. Financial terms of the transaction have not been disclosed.Based in Greenwood Village, CO, FullSpeed operates primarily under the Grease Monkey and SpeeDee brands and has expanded its footprint from initial platform acquisition to nearly 600 domestic and international locations. The Company’s service offerings include oil changes, tyre sales and rotations, brake services, car washes and other ancillary services. FullSpeed’s footprint of company-owned locations service nearly two million vehicles per year by leveraging an employee base
An affiliate of Paceline Equity Partners (Paceline), a Dallas-based private equity manager, is to acquire substantially all of the assets of Quick Fitting (Quick Fitting), as part of a receivership process involving the Company. Closing of the transaction is anticipated to occur on 16 December, 2020, subject to standard closing conditions being met.
Headquartered outside of Providence, Rhode Island, Quick Fitting is a manufacturer and supplier of connection and fitting devices. The Company’s products provide cost‐effective, simple, and safe solutions for cable pulling and connecting copper, stainless steel, PEX, and CPVC piping in plumbing, electrical, HVAC, fire suppression, and other
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
