Allocations
Private equity fund Elaghmore has successfully closed an additional GBP30 million fund to add to its initial Elaghmore Fund 1.Elaghmore co-founders David Manning and Andy Ducker, first launched the fund in December 2016 with an initial raise of GBP60 million from institutions in the US and Europe. Elaghmore has now raised an additional GBP30 million from US institutions to create Elaghmore Fund 1A. The new fund will help Elaghmore capitalise on a growing number of new acquisition opportunities in line with its strategy.
Focused on acquiring small to mid-cap UK industrial companies across multiple sectors, Elaghmore’s investment strategy is
Prime Capital, an independent asset manager and financial services provider managing EUR17.7 billion across multiple funds, has closed its first investment from its newly launched Prime Green Energy Infrastructure Fund (PGEIF). Project Björnberget in central Sweden is one of the largest onshore wind projects to start construction in Europe this year and was developed by RES, the world’s largest independent renewable energy company focused on the development, construction and operation of renewable assets. Prime Capital optimised the project with cutting-edge technology from Siemens Gamesa Renewable Energy (SGRE) and brought in co-investor Enlight Renewable Energy (Enlight), a Tel-Aviv-listed independent power producer, with
Bpifrance and PROPARCO have announced the first closing of Averroès Africa, their fourth fund of funds for Africa. With a target size of EUR 100m, Averroès Africa will invest in African funds dedicated to start-ups and small and medium-sized enterprises in order to continue to support private sector development, employment and innovation on the continent. The Averroès mechanism was launched by Bpifrance and PROPARCO in 2003 to support the development of the private equity market, initially in North Africa, then across the continent with the launch of a first pan-African vehicle (Averroès Finance III) in 2015.
Building on the success
Edgify, a company building AI training frameworks, has secured a USD6.5m seed funding round backed by Octopus Ventures and Mangrove Capital Partners.Edgify’s technology enables any connected device – known as ‘edge devices’ – to interpret vast amounts of data generated at the edge, train a complete AI model locally, and proceed to share that learning across an entire network of similar devices, thereby training them all to identify unique aspects of a given object for use of computer vision, NLP, voice recognition and any other form of AI.
Edgify’s framework can train AI on a network of edge devices ranging
US based private equity firm Warburg Pincus, through its affiliate Orange Clove Investments BV, has entered into an agreement to invest about USD95 million in Home First Finance Company India Ltd (Home First).Warburg Pincus joins existing PE firm shareholders True North and Bessemer Venture Partners.
Home First is a technology driven, affordable housing finance company providing home loans to customers from low- and middle-income segments, who are building or buying their first homes. Over the last 10 years, Home First has sanctioned home loans across India to more than 50,000 customers in 60 districts, covering 11 states and 1 union
Mavason Limited, a subsidiary of the Abris CEE Mid-Market III LP fund, managed by Abris Capital Partners, has signed an agreement with the fund 21 Concordia and its founders to purchase the majority of shares in R2G Polska, operating under the Apaczka brand – a Polish e-commerce delivery solutions provider. The transaction is subject to the standard approval procedure of the Office of Competition and Consumer Protection (UOKiK).
Headquartered in Warsaw, Apaczka functions as a technology platform and an integrator, offering comprehensive shipment services for e-commerce stores, SMEs and SOHO (small office/home office) clients. Apaczka supports companies in the development of
2020 was expected to be the year when valuations would finally come down and present a ‘perfect vintage’ for private equity buyout firms, affording them the opportunity to buy assets at more reasonable purchase price multiples.
IK Investment Partners (IK) is pleased to announce that the IK Small Cap II Fund has reached an agreement to acquire a majority stake in You Sure Investments BV from Synergia Capital Partners (Synergia). Financial terms of the transaction, which is subject to AFM clearance, have not been disclosed.
You Sure is a leading Dutch insurance distribution platform, providing insurance to small businesses and individuals. Operating mainly in the Property and Casualty (P&C) segment, You Sure acts both as an insurance broker and a Managing General Agent (MGA), and currently serves over 60,000 customers.
Headquartered in Ridderkerk, You Sure
Kirkland & Ellis has advised Avanti Acquisition Corp, a special purpose acquisition company (SPAC) that will target European businesses with a strong US nexus, in connection with its USD600 million IPO. The SPAC was sponsored by NNS Group, the investment group founded by entrepreneur Nassef Sawiris, and Sienna Capital, the alternative investment platform of Groupe Bruxelles Lambert (GBL). Avanti Acquisition’s shares began trading on the NYSE under the ticker symbol AVAN on 2 October, 2020.
This is the first IPO of a SPAC completed out of the Kirkland’s European offices. In the US, Kirkland is the market leader in SPAC IPOs
Future Energy Ventures, a venture capital platform that invests in the digital technologies and digital business models redefining the energy landscape, has launched with EUR250 million invested capital in its portfolio. The new fund is the venturing and collaboration platform of the energy company E.ON investing in digital and digitally enabled technologies that have the potential to redefine the future energy landscape – providing funding, mentoring and connections to accelerate their growth trajectory.
The launch of Future Energy Ventures follows the completion of E.ON’s acquisition of innogy and brings together an enviable level of expertise and experience in investing and
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
