Allocations
Affiliates of British Columbia Investment Management Corporation (BCI) and Preservation Capital Partners (PCP) are to make a ‘significant investment’ in BMS.
The investment, which values BMS at GBP500 million, is subject to regulatory approvals and is expected to close in the third quarter.
The BMS management team, led by chief executive officer Nick Cook, will all remain in their current roles following completion, and management and staff of BMS will remain significant shareholders in the company.
Following the transaction’s completion, Pioneer Underwriters will be owned directly by the current shareholders of Minova Insurance, the holding company that had previously owned
YFM-backed Matillion, a provider of data transformation software for cloud data warehouses (CDWs) has raised USD35 million in a series C funding round.
The investment will allow Matillion to capitalise on its leading category position while continuing to deliver accelerated growth, and extend the capabilities of its flagship product line, Matillion ETL. Following the USD5m series A investment led by YFM this latest round led by Battery Ventures, brings Matillion’s total funding to-date to USD65 million. Series B investors, Sapphire Ventures and Scale Venture Partners also participated.
Continued strong demand for Matillion’s data transformation software, purpose-built for the cloud,
Estera has provided fund services support to Greensphere Capital’s launch of its second private fund and will also be providing ongoing fund administration services.
Greensphere Capital manage a diversified portfolio of sustainable growth companies. It is a leading sustainability investor backing companies and projects that help to mitigate the biggest risks facing our generation – resource scarcity, commodity and fuel volatility, and climate stress.
Estera Director, Norman Amey says “This Guernsey Private Investment fund is a perfect example of a structure that allows for further fund raising in sustainable investing. We have extensive experience in the sustainable and impact investment
Cohere Capital, a growth focused private equity firm seeking to invest in leading middle market businesses in the United States and Canada, has launched.
The firm has a flexible mandate across growth markets, but will primarily target majority stakes in profitable technology-enabled business and healthcare services companies.
Cohere Capital was co-founded by Nik Shah and Daniel Gedney, two experienced private equity executives who worked at leading firms, including HIG Capital/HIG Growth Partners and Gauge Capital. the pair have over 30 years of combined experience investing in and working with growth companies, and they look forward to bringing that experience to
BlueBay’s Private Debt business is to become independent from BlueBay Asset Management.
The move comes following the continued growth of the Private Debt business, from a small part of the BlueBay global leveraged finance business to a EUR13 billion AUM largely stand-alone business within the company.
As two distinct businesses, BlueBay and the Private Debt business believe the move is the best way to serve our clients and support the future growth of both businesses. BlueBay is fully supportive of the Private Debt business, to ensure it is in the best possible position to succeed as a standalone business.
BlueBay
Westbridge Capital has held the final close of WestBridge II (the Fund) having raised GBP140 million in fund commitments and associated earmarked co-investment monies.
The fund, which had a GBP100 million hard cap, was oversubscribed. Commitments were made by existing and new institutional investors and WestBridge’s industrialist Strategic Investor Group.
WestBridge II will typically invest between GBP10 million and GBP20 million in established, profitable and ambitious UK SMEs with enterprise values of between GBP15 million and GBP40 million. The fund is expected to invest in 10 to 12 companies.
Over the past nine months, WestBridge II has completed three
Northleaf Capital Partners’ (Northleaf) has held the final closing of the Northleaf Venture Catalyst Fund II (NVCF II) at its hard cap of USD300 million.
NVCF II is Northleaf’s third Canadian venture capital fund and forms part of the Government of Canada’s Venture Capital Catalyst Initiative.
In addition to initial capital commitments received in December 2018 from BDC Capital, the investment arm of the Business Development Bank of Canada (BDC), Canada Pension Plan Investment Board (CPPIB), Sun Life and TD Bank Group, NVCF II received new commitments from Manulife, BMO Capital Partners, clients of BMO Private Bank Asia and other high net worth and
Private equity investor Mid Europa Partners (Mid Europa) is to sell Knjaz Miloš, a producer of mineral water and non-alcoholic beverages in Serbia and the surrounding region, to a joint venture between Karlovarské Minerální Vody (KMV) and PepsiCo.
The transaction is subject to customary competition authority clearance and is expected to close in Q3 2019.
Mid Europa acquired Knjaz Miloš together with Imlek and Bambi, the leading regional dairy and confectionery players, respectively, forming the consumer group – Moji Brendovi, in 2015. Following the acquisition and the appointment of a new management team, Knjaz Miloš, already a leading producer of
Groovy UK Limited (Groovy), a wholesale and giftware business, has received a GBP250,000 loan facility from the Midlands Engine Investment Fund (MEIF), managed by Maven Capital Partners.
The business is a developer, wholesaler and distributer of giftware products and will use the funding to accelerate the company’s growth plans and invest in its product portfolio and licensing agreements.
Groovy sources and designs hard-to-get giftware products and supply them to major high street and online retailers. With experience in both designing and manufacturing a mix of original products, Groovy’s clients include the likes of Argos and Harrods. The company’s in-house design
DMC, a B2B print and document service provider backed by Horizon Capital, has acquired United Carlton, a customer-centric reseller of managed print services.
DMC has long held a strong position in Southern England following the acquisition of Canotec, BCL and First Office. This latest acquisition provides the group with a much stronger presence in the North of the UK. United Carlton has spent 30 years developing strong relationships with clients from its three offices in Gateshead, York and Warrington. The combined business will employ 250 staff supporting 4,500 customers.
DMC CEO, Simon Davey, says: “We agreed a clear acquisition strategy with
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
