Allocations
Praetura Ventures has closed its second EIS fund at GBP7million, bringing the total raised by the firm to GBP22 million in less than 12 months.
The Praetura EIS 2020 Fund will support the growth ambitions of scale-ups across the region, and is expected to be deployed by the end of March 2020.
Manchester-based Praetura Ventures backs early-stage businesses in high-value sectors, and its Praetura EIS 2020 Fund will be deployed alongside the guidance of the 25-strong team at Praetura, said the firm.
The team will work with the management teams backed by the fund to implement growth strategies and drive
Electric vehicle charge-point maker, Pod Point, which raised funds three times on Crowdcube, has been acquired by energy company, EDF. Pod Point successfully raised GBP3.71 million with Crowdcube in 2015, 2016 and 2017, with its vision of a world where travel doesn’t damage the earth 1,428 people were inspired to invest.
The sale to EDF tops AB InBev’s GBP85 million acquisition of Camden Town Brewery, which had raised on Crowdcube in 2015.
Erik Fairbairn, CEO and Founder, Pod Point, says: “Crowdcube has been vital in fuelling Pod Point’s growth. Without that initial investment in 2015, where we had the backing from
Middle market private equity firm Odyssey Investment Partners has held the first and final closing of Odyssey Investment Partners Fund VI, a USD3.25 billion private equity investment fund formed to pursue control-oriented investments and management buyouts of established middle-market companies. Fund VI was oversubscribed and closed at its hard cap with significant upsizing by existing investors and by adding several new institutional investors.
Odyssey will continue to be led by Senior Managing Principals Brian Kwait (CEO), William Hopkins (Vice Chairman) and Stephen Berger (Chairman), and Jeffrey McKibben and Craig Staub who have been promoted to Senior Managing Principal, further strengthening
Growth private equity firm TA Associates has acquired Auction Technology Group (ATG), an online platform for auctions across Europe and the United States, from ECI Partners (ECI), and Proxibid, an online marketplace for connecting buyers and sellers across North America, from Primus Capital (Primus).Both ATG and Proxibid transactions closed on 13 of February 2020. The companies will be brought under the ATG umbrella with headquarters in London, but will retain substantial operations in Omaha, Nebraska, where Proxibid is headquartered. Both management teams are excited about the combination and believe that their collective resources will benefit auctioneers and bidders through increased
Dallas-based private equity firm CenterOak Partners’ (CenterOak) portfolio company Service Champions has acquired Bell Brothers Plumbing Heating and Air (Bell Brothers), a provider of residential air conditioning and plumbing services in Sacramento, California.The acquisition is the third since Service Champions received an investment from CenterOak and expands the Company’s footprint to over 40,000 residential service agreements. Bell Brothers’ co-founders Kenny and Jerry Bell will continue in their existing leadership roles and become shareholders of the combined Company.
“We are excited to welcome Bell Brothers to the Service Champions family,” says Leland Smith, CEO of Service Champions. “This transformative acquisition
Clearwater International has advised the shareholders of Adonia Medical Group, on its sale to the sk:n Group, a network of specialist skin care clinics in the UK backed by Trispan Private Equity. The Adonia Medical Group includes Courthouse Clinics, a chain of 11 clinics across the UK offering a wide range of anti-ageing aesthetic and wellbeing treatments including laser hair removal, anti-ageing injections, skin rejuvenation and weight-loss products.
The transaction will enable the s:kn Group to increase its national footprint, extending its reach into new clinic locations as well as providing greater diversity through its enhanced portfolio of complementary services.
The
The not-so-distant future in terms of climate risk means that transparency when it comes to ESG investing is increasingly on the minds of LPs.
Buxeros Capital, a recently established public-private investment fund focused on Dutch companies in emerging economies and developing countries, has made its first investments.
In the past few months, Buxeros has made three investments: Blue21, focusing on floating cities; Profort, which focuses on orthopaedic care; and AFRIpads, a company producing reusable sanitary pads.
Blue21, which specialises in providing solutions focused on living on water, was founded by entrepreneur and investor Peter Thiel, and believes in the creation of self-sufficient, independent floating cities.
Founded by Amsterdam-based social entrepreneur Merel Rumping, Profort provides orthopaedic aids to people in decentralised areas of developing countries.
High-Tech-Gründerfonds has invested in Munich startup Tangany, together with angel investors.
Tangany offers blockchain crypto storage solutions for companies in Europe and beyond. This includes the secure management of wallets in a kind of digital safe (so-called hardware security module) and the simple use and communication with various blockchains such as Ethereum, Bitcoin or the customer’s own blockchain. The solution can be integrated into any system using an interface (API). Alternatively, a white-label wallet solution can be used.
Legend Capital, a venture capital and growth investment firm in China, has closed the transfer of portfolio companies from LC Fund IV, a 2008 fund, into a USD200 million continuation vehicle.
Accounts managed by an affiliate of Hamilton Lane acted as lead investor in the transaction, with several other prominent institutional investors participating in the syndicate. The investors also committed follow-on capital for strategic investments in the portfolio companies.
LC Fund IV investors have the option of liquidity or opportunity to maximise portfolio companies’ value potential. Legend Capital, founded in April 2001, is an independent venture capital investment subsidiary under
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