Allocations
MiddleGround Capital (MiddleGround), a private equity firm that makes control investments in business-to-business (B2B) industrial and specialty distribution companies in the North American lower middle market, has held the final close of Fund I, MiddleGround Capital I, above the fund’s hard cap at USD459.5 million.
MiddleGround Capital was formed in May of 2018 by John Stewart, Lauren Mulholland and Scot Duncan and partnered with Archean Capital Partners (Archean) as its anchor investor for fund I.
“We knew right away there was something special about the MiddleGround team,” says Rob Lazaroff, a Partner at Archean. “We spoke to over forty references
European companies raised a record-breaking EUR10.6 billion of venture capital during the first six months of 2019 according to analysis by Refinitiv.
The total raised, during the first six months of 2019 (H1 2019), marked an increase of 61 per cent year on year. Despite the record-breaking deal values in the period, deal volumes continued to decline as only 683 rounds were completed in the first half. This is down 7 per cent from H1 2018 and marked the slowest start to a year since 2009.
Greg Bauman, Manager, Private Equity Contributions at Refinitiv, says: “We’re seeing firms raising
Private equity firm The Riverside Company has sold Health & Safety Institute (HSI), an environmental, health and safety (EHS) compliance and training platform, to Waud Capital Partners.
Based in Eugene, Oregon, HSI is a premier EHS compliance and training platform that enables organisations of all sizes to make their workplaces and communities safer, while reducing both financial and reputational risk and ensuring compliance in an increasingly complex regulatory environment.
“It has been a pleasure partnering with the HSI team these past four years,” says Riverside Managing Partner Suzy Kriscunas. “We are proud of the work we’ve accomplished with HSI management
Xiang He Capital, the China TMT focused venture capital firm founded by former Baidu executives Hesong Tang and Maggie Yang, has recently closed its second USD-denominated venture fund at the increased hard cap of USD425 million.
The Fund was well oversubscribed, exceeding the USD350 million target and with demand beyond the hard cap. LP support came from existing and new investors from across the United States, Europe, the Middle East and Asia-Pacific, representing global consultants, leading university endowments, foundations, family offices, pensions, and fund-of-funds.
Continuing its strategy from Fund I, Xiang He invests in high-growth internet and tech-enabled businesses in
An affiliate of HIG Capital (HIG) has completed the acquisition of Nadir Figueiredo Indústria e Comércio (Nadir), the largest glass tableware producer in Brazil and the sixth largest in the world. The transaction value was approximately BRL1 billion.
Founded in 1912 in the state of São Paulo, Nadir has a complete product portfolio of more than 2,000 SKUs, reaching approximately 1,200 customers in the retail as well as commercial food and beverage industries, both in Brazil as well as in 67 other countries. The Company built a 107-year success story in Brazil as a result of its high-quality products and
Invenio Business Solutions, a provider of business-focused technology solutions and consulting services, has acquired Proverbium, a Bangalore-based logistics consultancy.
Proverbium is a specialist in the Enterprise Warehouse Management space, with a focus on SAP-EWM. Headquartered in Bengaluru, India, it was founded by Amith Cheriyan and Reji Cheriyan, who will stay with the business, joining Invenio’s Digital Supply Chain and Logistics business unit.
This is a strategic acquisition for Invenio, part of the company’s goal to expand on their Digital Supply Chain Solutions portfolio, both for new and existing customers. This follows an GBP11.6 million investment earlier this year from
OpenGov, a specialist in enterprise cloud solutions for government, has raised USD51 million in a Series D financing round led by experienced GovTech investors Weatherford Capital and 8VC, with participation from existing investor Andreessen Horowitz.
With this new round of funding, OpenGov has now raised more than USD140 million from Andreessen Horowitz, 8VC, JC2 Ventures, Emerson Collective, and other top investors since its founding in 2012. The latest financing will be used to fuel OpenGov’s growth as the company continues to develop and go to market with best-in-class technology, including end-to-end budgeting, performance, communications, and reporting solutions for government.
“OpenGov’s
Octopus Investments’ Development Capital team has provided growth funding to Fuse Universal (Fuse), a provider of next generation learning technology for the workplace. Octopus Investments joins existing investors, Eight Road Ventures and Education Growth Partners, in supporting the company through its next stage of growth.
Fuse’s learning platform allows enterprises to create, curate and share relevant internal and external content among employees to facilitate seamless learning, “peer to peer” knowledge sharing and effective internal communication. Fuse is currently used by over 120 enterprise customers including Adidas, Avon, InterContinental Hotels Group, Merck, Spotify and Vodafone. Typical use cases include training new
Healthcare private equity investor Apposite Capital’s dentistry group, Riverdale Healthcare, has acquired Archway Dental Practice in Stokesley, North Yorkshire.
Archway Dental Practice was founded by dentist, Mark Amos and moved into its current building in 2009, providing NHS dental care via three treatment rooms. The acquisition of the practice follows the acquisitions of Hebburn and Pelaw dental practices in Tyne & Wear one month ago, further strengthening the group footprint in North East England.
Ian Gordon, Managing Director, says: “Having worked closely with Mark Amos and his team for several years it is a pleasure to have them join
QuantifiCare, a specialist in 3D imaging solutions for clinical trials and aesthetic, has raised EUR5 million from LBO France to accelerate its expansion plans and strengthen its prominent position in skin imaging worldwide.
QuantifiCare is the first investment of Digital Health 2, LBO France’s new venture fund.
Founded in 2001 as a spin-off of INRIA, QuantifiCare is an imaging Contract Research Organisation (CRO) specialising in skin evaluations for clinical trials to pharmaceutical and cosmetic companies in major indications such as dermatology, aesthetics, wound healing and oncology. Building upon state-of-the-art, patented technology, QuantifiCare also offers a full range of high-quality
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
