Allocations
Cornerstone Brands has completed its acquisition of FXPress Payment Services Ltd (FXPress) following consent from the FCA. FXPress, a regulated Authorised Payment Institution providing cross-border payment services, is now a wholly-owned subsidiary of Cornerstone.
Cornerstone is also pleased to announce that it has received the consent of the FCA for the acquisition of Avila House by FXPress.
Completion of the acquisitions means that Cornerstone will bring together the technology capabilities of FXPress, the e-money assets of Avila House and a strong team with decades of experience of the foreign exchange and payments industry to create a leading cloud-based, multi-currency
An affiliate of middle-market private investment firm Peak Rock Capital (Peak Rock), a middle-market private investment firm, has completed its acquisition of Halo Foods Ltd (Halo) in partnership with the exisiting management team.Headquartered in Newport, Wales (UK), Halo is a leading manufacturer of healthy bars and snacks, with an extensive portfolio that includes cereal bars, fruit and nut bars, gluten-free, high protein and nutritionally controlled bars, including the rapidly growing “Skinny” brand. It has a diverse customer base including national retailers and established international brands. Halo has built an outstanding reputation for providing excellent customer service and exceptional product quality
The nature of Israel’s legal system, the availability of local financing, and expanding numbers of tech-based targets helped the country post its best first-half deal figures in over a decade, according to Pitchbook’s 2020 Israel Private Capital Breakdown report.
The report, which was released today and covers both private equity in Israel as well as the nation’s growing VC ecosystem, shows that 24 transactions closed worth USD 2.9 billion in H1 2020 – a year on year increase of 48.3 per cent and 16.2 per cent, respectively.
Israel’s private equity ecosystem is growing rapidly due to several factors, one of
Questa Capital Management, a venture growth equity firm exclusively dedicated to the healthcare industry, has held the final close of Questa Capital Partners II, with USD348 million of capital commitments. The firm’s second fund will invest selectively in later stage companies in healthcare services, technology and medical devices with significant growth potential. The firm has a proven team with a collective 70 years of experience investing in and building growth stage companies.
The Fund was oversubscribed at its hard cap, securing commitments from a diversified blue-chip investor base comprised of leading endowments, foundations, family offices, consultants, pension plans and fund-of-funds.
Questa
Stirling Square Capital Partners (Stirling Square), a pan-European mid-market private equity firm, has made an additional investment in portfolio company DOCU Nordic Group Holdings AB (DOCU Nordic) in partnership with TA Associates. TA Associates will acquire a significant minority stake in the Company from Stirling Square’s Third Fund alongside Stirling Square’s Fourth Fund, which becomes the majority shareholder in DOCU Nordic.
Headquartered in Ljusdal, Sweden, DOCU Nordic is the leading provider of business intelligence and data analytics services within the construction, real estate and healthcare markets in Scandinavia, Central Europe and Iberia.
During Stirling Square’s Third Fund’s ownership, DOCU Nordic substantially
Fintech company, Growth Capital Ventures (GCV), has secured GBP1 million of growth capital from institutional investors to continue its expansion and fast-track the growth of Britain’s burgeoning tech sector. GCV has now opened up the investment round to new private investors via its online investment platform – growthfunders.com
Investment from the current round will enable GCV to support 30 high-growth start-ups and create hundreds of new tech jobs within the North East through its venture builder unit, G-Labs. It will also enable GCV to increase internal headcount from 22 to 40 in the next 12-24 months.
The funding announcement comes as
Stemson Therapeutics announced today £6 million seed financing from impact investor Fortunis Capital and Allergan Aesthetics, an AbbVie Company, to advance development of Stemson’s therapeutic solution to cure hair loss. Stemson aims to restore human hair growth with a novel approach using the patient’s own cells to generate new hair follicles. Allergan Aesthetics is a world leading medical aesthetics company. Fortunis Capital, a London-based venture capital firm is committed to continuing support of Stemson’s regenerative cell therapy to treat hair loss. Fortunis Capital’s new Impact Fund intends to invest in companies, such as Stemson, which offer significant social or environmental benefit.
Vortex Energy, a global renewable energy platform managed by Beaufort Investments, a subsidiary of the private equity arm of EFG Hermes, has completed the sale of its controlling and managing stake in Vortex Solar (Vortex III), a 365MW solar PV portfolio, acquired in 2017 from TerraForm Power, at an enterprise value of cGBP500 million.The stake was sold to TNB International Sdn Bhd, a wholly owned subsidiary of Tenaga Nasional Berhad (TNB), an existing shareholder in the business and one of South East Asia’s largest utilities with an installed capacity of c15GWs globally. Vortex III is one of the largest standalone
Ki, a fully digital and algorithmically-driven Lloyd’s syndicate, has raised USD500 million of committed capital from two backers, funds managed by Blackstone Tactical Opportunities (Blackstone) and Fairfax Financial Holdings Limited. The capital commitment will fund Ki’s expansion as it launches in Q4 2020, enabling the business to grow rapidly to significant scale.
Ki is a newly formed follow-only digital business which will write its’ first risk incepting in January 2021. It will underwrite using an algorithm-driven approach and offer instant follow capacity through its proprietary digital platform. Ki will write a broad range of specialty business following selected leaders in
Kbox Global has raised GBP12 million in a funding round led by Balderton Capital, to continue its mission to revolutionise the food delivery market through its unique host kitchen technology. The Kbox model revisits the traditional economics of food delivery by utilising capacity in existing commercial kitchens. Kbox’s technology and menu portfolio mean kitchen owners, from pubs, hotels and restaurants to supermarkets, can establish an agile new revenue stream, that reflects the demographics and taste trends of their area, within days, for no upfront fee, and no additional investment in bricks and mortar.
The company has seen exponential growth in the
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
