Managers
OnTruck, a haulage tech platform, has raised EUR25 million from a group of investors to fund its expansion across Europe and consolidation of its position in the UK and Spain.
The series B funding round was led by global venture capital fund Cathay Innovation, with participation from new investor GP Bullhound and existing investors Atomico, Idinvest Partners, All Iron Ventures, Total Energy Ventures, Point 9 Capital, and Samaipata Ventures.
OnTruck’s network of vetted truck drivers offers shippers guaranteed capacity and industry-leading service to ensure shipments are delivered reliably and on time. With their proprietary technology, OnTruck automates the matching
Alternative asset manager Tikehau Capital has made a EUR114 million investment in Nexteam Group, a specialist in the machining of complex and hard metal parts for the aviation and space industries.
Pending approval from the French competition authority, this minority stake, alongside Nexteam Group’s management, will support the company’s future development.
Nexteam Group is a French company specialising in precision mechanics and the machining of complex and hard metal parts for the aviation, aerospace and defence industries. With 900 employees, Nexteam Group generates annual revenues of about EUR150 million. The company has six production units in France, one unit
British soft drinks company Cawston Press has successfully raised GBP1 million in an equity fundraising round to support continued expansion at home and overseas.
The total has been reached through existing shareholders, members of the Cawston Press team from the UK, Australia and USA as well as a select number of private investors in the food and drink industry.
Steve Kearns, Managing Director of Cawston Press, says: “Our team is made up of people who want to make better quality soft drinks the norm not the niche. When we initially considered undertaking a full external fundraising round, we quickly
NVM Private Equity (NVM) has invested GBP1.0 million of growth capital into Cambridge-based medical device company Ablatus Therapeutics Limited (Ablatus) alongside existing angel investors.
Ablatus was founded in 2016 as a spin out from the NHS, under the guidance of Health Enterprise East (HEE), to develop and commercialise patented Bimodal Electric Tissue Ablation (BETA) technology. The investment from NVM will support the company through the next stage of commercialisation, including ongoing product development.
The Ablatus technology was originally developed by clinicians in the Norfolk and Norwich University Hospitals NHS Foundation Trust (the Trust), who identified a novel way to
CAST, a specialist in Software Intelligence, has completed an additional USD12.5 million round of capital funding.
This comes on the heels of a USD22 million investment in technology innovation over a three-year period, which focused on CAST Highlight, CAST’s SaaS-based application portfolio analysis solution that has seen 100 per cent year-over-year growth, and CAST’s Application Intelligence Platform (AIP), the most sophisticated Software Intelligence platform on the market.
CAST also intends to aggressively invest in growing partnerships with global leaders in technology consulting and services while accelerating its recruitment of top-level talent in North America, India, Germany and China.
Carey Olsen’s corporate team in Guernsey has advised Inflexion Private Equity Partners (Inflexion) on the establishment of two new funds, Inflexion Buyout Fund V and Inflexion Partnership Capital Fund II, securing commitments of GBP1.25 billion and GBP1 billion respectively.
Both funds were oversubscribed and reached their respective hard caps within just four months of launch, after receiving strong support from existing investors and attracting new investors from the US, Europe and Asia.
Led by partner Andrew Boyce and senior associate John Scanlan, Carey Olsen worked alongside onshore legal adviser Ashurst to advise longstanding client Inflexion on the formation of
Arma Partners has acted as exclusive financial advisor to Symphony Technology Group on the contemplated sale – subject to customary approvals – of its portfolio company Maincare Solutions to Montagu Private Equity.
Specialising in electronic patient records and hospital administration software, Maincare Solutions is the leading software and digital solutions provider for the healthcare ecosystem in France. The business was originally spun-off from McKesson in 2014 by Symphony and has developed independently by pursuing long-term organic growth initiatives and focussed acquisitions to support healthcare digitisation within hospitals and beyond. The company has also successfully expanded internationally with its best-in-class eHealth
Artis Exploration Ltd, a Calgary-based exploration and production (E&P) company, has closed a CAD180 million growth equity investment from private equity firm Warburg Pincus.
The common share private placement will be used to fund the company’s accelerated development program.
Founded in 2015 and headquartered in Calgary, Alberta, Artis is a privately held E&P company focused on the Duvernay East Shale Basin of Western Canada, where the Company holds a contiguous acreage position of over 260,000 net acres. Artis is led by Darryl Metcalfe, an industry veteran with over 30 years of experience in exploration, development and production, who was previously
Alternative investment firm KKR is to acquire BMC Software, a specialist in software solutions for digital enterprise.
The company is being acquired from a private investor group led by Bain Capital Private Equity and Golden Gate Capital together with GIC, Insight Venture Partners and Elliott Management.
Founded in 1980, BMC is a leading systems software provider which helps enterprise organisations manage and optimise information technology across cloud, hybrid, on-premise, and mainframe environments. Over the past 38 years, BMC has consistently expanded its scope alongside constantly evolving IT markets to address the ever-changing needs of the global enterprise. Today the
Toscafund Asset Management LLP, with USD4 billion in assets, is to acquire what it calls a ‘significant minority stake’ in London-based independent wealth manager Plurimi Wealth, through Tosca Private Investments Fund.
This is the first transaction from TPIF which is a new specialist vehicle that will target small/mid-market private equity opportunities in the European financial services sector.
The firm writes that TPIF intends to focus on partnering with founders and entrepreneurs looking to accelerate the growth of their business. Established in 2008 by Ramzy Rasamny, Plurimi has grown organically to become one of the leading independent wealth management platforms
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