Allocations
US private equity firm KKR has released its second quarter financial results showing 5 per cent higher earnings for the first six months of 2020 compared to the first six months of 2019.
The firm’s private equity funds increased 11 per cent in the second quarter, while its global infrastructure and real estate funds increased by 7 per cent and 2 per cent.
New capital raised in the quarter totalled USD16 billion – a record quarterly figure for KKR – driven by fundraising across its Asia Private Equity, Asia Infrastructure, Core Plus Real Estate and Dislocation strategies, according to the firm.
Turnspire Capital Partners (Turnspire), a special situations-focused private equity firm, has signed a definitive agreement to acquire the Goodyear air springs business (Goodyear Air Springs) from EnPro Industries, (EnPro).Goodyear Air Springs, under a global and exclusive license from The Goodyear Tire and Rubber Company and headquartered in Fairlawn, Ohio, is a provider of premium air springs for trucks, trailers, buses, and specialty vehicles. Founded by The Goodyear Rubber and Tire Company in 1957, Goodyear Air Springs has over 60 years of technology leadership. The Company is a preferred partner to original equipment manufacturers (OEM) and trucking fleets across North America
Karma Ventures and byFounders have led a USD6.1 million funding round in Icelandic anti-money laundering startup Lucinity.
Existing investors Nordic based Crowberry Capital and US based early stage investor Preceptor Capital also participated in the founding round.
The software startup Lucinity is an Anti-Money-Laundering app that “uses human AI to ‘make money good’ by augmenting financial crime fighters in financial firms with AI technology,” according to the company.
Margus Uudam, founding partner at Karma Ventures, led the deal. “The huge problem Lucinity tackles, the team’s excellent background in financial services and AML solutions industry and the revolutionary approach that the
Ocean Avenue Capital Partners (OACP) has completed fundraising for Ocean Avenue Fund IV. The Fund had a USD300 million target and received limited partner commitments at its hard cap of USD350 million.
ECI Partners, a growth-focused mid-market private equity firm, has invested in the international critical communications service provider, CSL. The investment will support CSL to further enhance its offering to its customer base, investing in product innovation and ensuring the high-quality service levels it is known for as it expands.
CSL is a specialist in providing M2M and IoT connectivity solutions in the Fire, Security and Telehealth sectors. It has invested significantly in its core Fire & Security customer base over the last 24 years, with the latest DualCom Pro range providing simple and reliable alarm signalling for domestic, commercial and retail
Hydrogen fuel cell specialist Bramble Energy has raised GBP5 million in a Series A round led by BGF with participation from existing investors including IP Group, Parkwalk Advisors, and UCL Technology Fund.Bramble Energy has developed the only technology capable of producing gigawatts of hydrogen fuel cells using existing global manufacturing resources, dramatically reducing the time to market and investment needed versus existing fuel cell designs. Hydrogen fuel cells generate electric power from an electrochemical reaction rather than combustion, thereby eliminating carbon emissions from the power unit and producing only water and heat as by-products.
Addressing a key component of
Enterprise IT managed services organisation DSP and Leeds-based Explorer UK, an Oracle consultancy, development and support provider, have been brought together to form one of the largest independent Oracle partners in the UK. DSP is backed by Leeds headquartered YFM Equity Partners (YFM) which invested GBP5.3 million in the business in 2018 to fund its GBP10 million MBO led by Simon Goodenough, making it the sixth investment from YFM’s Buyout Fund I. Since the 2018 management buyout, DSP has doubled turnover and profitability, and grown its contract base by 300 per cent. The deal, which included working capital provided by Santander
Technology consulting firm Invenio Business Solutions has completed a rebranding process following its March 2019 investment from BGF. Since the investment last year, the company has expanded its workforce by 35 per cent.Invenio’s new brand identity has been developed to reflect and support its stated goal of becoming one of the best technology consulting companies in the world in each of its specialist domains. The firm worked closely with a UK-based brand agency, Studio North, to position and express both its customer-facing and internally facing brands.
At the heart of Invenio’s brand mission is establishing the firm as one
Dany Garcia, Dwayne ‘The Rock’ Johnson and RedBird Capital Partners have been selected as the winning bidder for substantially all of the assets of Alpha Entertainment, the parent company of the XFL American football league. The XFL assets will be sold to Garcia, Johnson and RedBird for approximately USD15 million, in accordance with the terms and conditions of the asset purchase agreement. The transaction is subject to bankruptcy court approval at a hearing on 7 August, assuming that closing conditions are satisfied, is expected to close on or shortly after 21 August. The sale auction previously scheduled for today will not
AlbionVC managed UCL Technology Fund, in collaboration with UCL Business, has held the first close of Fund 2, with a GBP100 million target.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
