Allocations
A total of 88 venture capital transactions were conducted in Poland between July and September 2020, with 80 funds involved, according to a new report from PFR Ventures. The deals provided innovative Polish companies with EUR156 million.
Of the EUR156 million total, EUR73 million was secured by Polish and Finnish company ICEYE in a Series C funding round.
As much as 45 per cent of the funds invested in Q3 constituted public-private capital, and the share of international funds in the transactions was 65 per cent. At the same time, 71 out of 88 transactions were based on public-private capital. As
Outdoor lifestyle apparel specialist SA Company (SA) has secured a strategic investment from TZP Group (TZP), through TZP Capital Partners III, LP, a private equity firm based in New York.
TA Associate’s portfolio company RLDatix, a global provider of intelligent patient safety solutions, has acquired Verge Health, a credentialing software provider.
Edison Partners, a growth equity firm, has co-led a USD7.8 million investment in Budderfly, a Shelton, Connecticut-based energy efficiency as a service (EEaaS) provider. The funds will enable Budderfly to accelerate sales amid higher demand for energy savings in the Covid-19 environment. Edison Partners co-led the round with Balance Point Capital, with additional participation from Connecticut Innovations.
Budderfly provides energy savings and utility expense management services for quick service restaurants (QSRs), convenience stores, healthcare, retail, office and other enterprises that are highly focused on energy cost savings. The company’s advanced software and Internet of Things (IoT) energy measurement and control devices
Mid-market private equity investor Livingbridge has agreed the sale of Ten10, a leading independent quality engineering and software testing consultancy, to Graphite Capital. The investment was originally made from Livingbridge’s Enterprise 1 fund.
Livingbridge established Ten10 in 2015, having identified the potential to create a market leader in the sector by acquiring and merging two existing companies, Centre4Testing and The Test People. Since then, Ten10 has become one of the fastest-growing software testing companies, with over 250 employees and offices in London, Leeds and Raleigh, North Carolina. Its portfolio of blue-chip clients spans the financial, legal, retail, and public sectors.
STX Next, a European software house specialising in Python software development, which supports international clients in their digital transformation, has acquired a new investor – a private equity fund advised by Innova Capital. The parties have not revealed the transaction value.
“The global market for new generation IT services is large, and its growth is driven by the increasing number and complexity of customers’ needs associated with their digital transformation,” says Michał Wojdyła, Managing Director at Innova Capital. “In such an ecosystem, success on a bigger scale can be achieved by businesses and teams that are able to differentiate themselves,
Omnes, through its Omnes Mezzanis 3 fund, has completed its 8th sponsorless deal through its reinvestment in Biosyl, following its previous sponsorless deal with the company in 2019.Biosyl is a leading industrial player in France in manufacturing wood pellets. Omnes, already a shareholder in the group, has reinvested alongside the company founder. Minority investors 123 IM, SOFIMAC as well as the forestry cooperative Unisylva complete the funding round.
Debt was provided by BPI and a banking consortium led by BNP Paribas, comprising La Banque Postale, HSBC, Banque Populaire Bourgogne and Banque Populaire Auvergne.
Founded in 2010, Biosyl transforms
Tarrytown Expocare (Tarrytown), a portfolio company of Sheridan Capital Partners, has completed acquisitions of Long’s Drugs, located in Thomson, Georgia, Long’s Closed-Door Pharmacy, located in Columbia, South Carolina, and Adler’s Pharmacy LTC, located in Cherry Hill, NJ. These acquisitions are the latest completed by Tarrytown as the Company continues expanding into new states in order to provide quality care to the Intellectually and Developmentally Disabled populations. The Company now serves individuals in 13 states.
“We are thrilled to announce our acquisitions of leading providers that expand our ability to serve individuals across the U.S. These pharmacies are representative of the cultures
Ultimus Fund Solutions (Ultimus), an independent provider of full-service fund administration, accounting, and investor solutions, has helped a new client, Primark Capital, bring a new fund product to market. As an interval fund that focuses on private equity, the new Primark Private Equity Investments Fund is one of the first funds that gives non-accredited retail investors access to private equity market investment opportunities. Primark Capital’s leadership is a combination of the former CEO of a USD12 billion RIA and two co-founders of Red Rocks Capital, a USD1.9 billion private equity fund.
Ultimus aligned with a multi-organisational team of industry professionals to
LearnUpon, a leading cloud-based Learning Management System (LMS), has secured USD56 million minority investment from global growth equity firm Summit Partners. This funding represents LearnUpon’s first major capital raise and will be used to fuel hiring, support continued execution of the company’s product roadmap and meet accelerating customer demand.
LearnUpon was founded in 2012 on the belief that a learning management system should be intuitive for users, quick and seamless to set up, and delivered with industry-leading customer support. Combining powerful functionality with unparalleled ease of use for both learners and administrators, LearnUpon helps enterprises democratise learning by dramatically increasing
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