FORWARD FEATURES CALENDAR

Allocations

Laser
Par Equity has led a GBP750,000 financing round with support from The Scottish Investment Bank into UniKLasers, a manufacturer of high precision scientific laser instrumentation used in industrial applications.  This investment is the second that Par Equity has made since its partnership with British Business Investments via the Regional Angels Programme. The round takes UniKLasers’ total funding to GBP2.3 million. Par Equity first invested in UniKLasers in 2017.    UniKLasers will use the capital injection to expand its manufacturing and R&D capability, continue to build its global sales and marketing pipeline and increase its workforce to capitalise on a market
Air travel
British fintech alternative payment provider start-up Fly Now Pay Later has raised GBP35 million in Series A equity and debt funding round, which will offer a new way to finance travel once restrictions ease. Jasper Dykes, co-founder and CEO of the startup, will offer flights from 0 per cent APR. “Few industries have been affected as significantly as tourism in the wake of Covid-19. This investment is a welcome boost to the sector, and provides us with adequate cash flow to help steer us through these challenging times,” said Dykes. “It’s predicted that once lockdown restrictions begin to ease, airlines
Maven Capital Partners (Maven), one of the UK’s most active private equity houses, has completed a GBP1 million investment in Boiler Plan (UK) Ltd (Boiler Plan), an online platform that sells, installs and services central heating boilers across the UK.The transaction includes a GBP600,000 investment from the Maven VCTs and a further GBP400,000 investment from the North East Development Capital Fund, supported by the European Regional Development Fund and managed by Maven.   The new funding will support Boiler Plan’s ambitious growth plans, allowing the business to execute its long term strategy to create 40 new jobs in the next
Deal-making
Iron Pillar has closed its USD45 million Top Up Fund, which will top-up the Iron Pillar Fund I that held its final close in 2018 with capital commitments of USD90 million.  With this new infusion of funds, Iron Pillar has added three global institutions including alternatives investor 57 Stars and one European family office to its investor base. The Top Up Fund, which was oversubscribed to its hard cap, will provide Iron Pillar additional capital to back specific Fund I portfolio companies. Fund I has made eight investments so far, including one exit from SaaS company Now Floats, acquired by
LitCapital, a dedicated private equity growth investor in the Baltics, has made its sixth successful exit in a row selling its holding in NNL LT, a logistics service provider focused on temperature-controlled goods, operating in Lithuania and Latvia. LitCapital sold its stake to the Founders of the Company.  This investment has generated 4.0x CoC return for the Fund. Currently realized gross result of the Fund exceeds 26 per cent IRR. All LitCapital realized exits have generated 2.0x-5.7x returns.   LitCapital invested in NNL LT in 2012. Group’s revenues grew nearly fourfold and EBITDA more than doubled after substantial investments in warehouse
Melbourne
Global growth private equity firm TA Associates has agreed to make a strategic growth investment in Honan Insurance Group, a Melbourne-based commercial insurance broker. The deal is expected to close in the second half of 2020. Honan’s Group CEO and executive director Damien Honan, CEO Andrew Fluitsma and COO Laurence Basell will continue to lead the business and be shareholders alongside TA following the transaction.   Honan designs, prices and negotiates insurance policies on behalf of corporate clients. The company’s main verticals are in the corporate, strata, real estate and employee benefits markets, mainly in Australia, New Zealand and Southeast
Technology
A new fund advised by VI Partners held its first close in April on EUR71 million. The fund will focus on medical and deep tech innovations from the Swiss scientific research ecosystem, and hold a final close in 2021.
Anyfin – a Stockholm-based startup that enables consumers to refinance their existing loans, avoid high credit costs and improve their financial health – has secured USD30 million Series B round, led by EQT Ventures.Other participants in the round include existing investors; Accel, Northzone and Global Founders Capital (GFC).  Dedicated to making finance easier and fairer for consumers, Anyfin will use the investment to drive product innovation, launch additional offerings and scale into new European markets. The company is on a mission to improve the financial wellbeing of Europeans and put them back in control of their finances, which has become
Private equity and venture capital fundraising hit EUR109 billion, up 6 per cent, in 2019, and the highest total over a decade, according to new data from Invest Europe.In parallel, the total equity amount invested in European companies increased 10 per cent year-on-year to EUR94 billion in 2019, the highest level on investment ever recorded. Invest Europe, the association representing Europe‫’‬s private equity, venture capital and infrastructure sectors, as well as their investors, today published its “Investing in Europe: Private Equity Activity 2019” report – the most comprehensive and authoritative source of fundraising and investment data available, covering over 1,400 firms.
Alongside Rand Merchant Bank Ventures (RMBV) and other shareholders, Ninety One, via its Africa Private Equity Fund 2 (91APEF2), has sold a portion of its equity investment in Kamoso Africa (Kamoso) to the Botswana Development Corporation (BDC). Founded in 2015, Kamoso has established itself as one of Botswana’s leading diversified fast-moving consumer goods (FMCG) platforms. Ninety One and RMBV acquired a controlling stake in Kamoso in 2017, in what was believed to be Botswana’s largest ever private equity investment.    In this transaction, BDC acquired a 24 per cent shareholding in Kamoso and has joined the board.    Ian Dewar, CEO of

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