Managers
DriverUp, the first online marketplace for automotive financing, has closed a USD20 million Series B round led by new investor SF Capital Group with participation from existing investors Emerald Development Managers and RRE Ventures.
The DriverUp marketplace gives accredited investors an opportunity to directly enter the USD1 trillion auto lending industry and provides dealers with an expedited, streamlined credit process.
"This Series B round allows us to accelerate our product development, support added marketplace loan inventory and ramp up marketing efforts," says Sam Ellis, chief executive officer, DriverUp. "We have seen strong interest from accredited investors since launching, and
Private equity firm Thomas H Lee Partners has closed the acquisition of a majority stake in Healthcare Staffing Services (HSS), in a recapitalisation transaction. Terms of the transaction have not been disclosed.
HSS is a leading healthcare staffing firm in the United States. It specialises in providing nationwide “rapid response” nurse staffing services to healthcare facilities that have urgent needs for qualified nurses, generally for multiple weeks at a time.
The recapitalisation will ensure HSS has the resources it needs to build on its proven platform, continue its strong momentum, and execute on its strategic growth objectives. HSS will
State Street Corporation has launched the State Street Liquid Private Equity Investable Index, a new solution that provides public access to private equity sector exposures.
The model is intended to be used as a liquid proxy for direct private equity investment and is the first in a series of investable indices.
The index was developed from research generated by State Street’s academic partnership, State Street Associates, which suggests that private equity managers collectively outperform the public equity markets in part by anticipating the relative performance of economic sectors. Based on this evidence, the model identifies private equity sector exposures
SevOne has closed a USD50 million Series C financing round led by Westfield Capital Management and Bain Capital Ventures. Brookside Capital, HarbourVest, VT Technology Ventures, and Osage Venture Partners also participated in this round.
SevOne will use the financing to accelerate its growth through new technologies and markets, meeting the growing demands of organisations transforming their business for the always-on mobile economy and the Internet of Things (IoT).
The funding comes at a time when mobility sits at the heart of a new and vibrant ecosystem that is uniting the digital and physical worlds. New mobile and broadband connectivity,
Graycliff Partners, an independent investment firm focusing on middle market private equity and mezzanine investments, has provided subordinated debt financing to Stone Source, a supplier of natural stone and other decorative surface products including porcelain and glass tile, engineered stone and reclaimed wood.
Graycliff’s investment in Stone Source supported a recapitalisation of the business by Founders Equity.
Headquartered in New York City, Stone Source sells stone and decorative products to consumers and contractors via the architect and design channel for commercial and high-end residential use. The company has a nationwide presence, with operations in New York, New Jersey, Massachusetts,
Avedon Capital Partners and the management of Robidus have acquired all outstanding shares in the firm from current shareholders and founders. Avedon will support Robidus’ ambition to become an innovative partner in the field of social security services and software by providing capital and expertise.
According to Managing Director Sven Kelder, who has been working for Robidus since 2003, Avedon’s expertise and portfolio complement Robidus’ growth ambitions. "Our company initially started by exploiting unused subsidies, but now offers an integrated approach in the field of social security services and software. Avedon believes in our approach and strategy and is willing
Audax Group has partnered with management to acquire Techniks Industries, a leading provider of industrial cutting tools and tool holders in North America, from Tenex Capital Management, a private equity firm based in New York.
Techniks Industries was formed by the merger of NAP Gladu and Techniks in 2012. NAP Gladu manufacturers and services wood and metal cutting tools used in building materials and industrial end markets, and Techniks supplies tool holding and work holding products used in CNC machine applications for general industrial end markets.
“Techniks Industries is a recognised market leader in the fragmented cutting tools and
Law firm and regulated sponsor Howard Kennedy has opened the 2015/16 VCT season advising Octopus Titan VCT on the launch of its GBP50m prospectus – the first VCT prospectus launched this tax year.
Octopus Titan VCT is the largest Venture Capital Trust in the market, and was named ‘Best VCT’ at the 2015 annual What Investment Awards. Octopus is a leader in early-stage investment, with over GBP5bn in assets under management and more than 400 staff.
Partner and Head of Capital Markets Keith Lassman (pictured) and partner Stephen Heinemann led the Howard Kennedy team advising Octopus Titan VCT. Howard Kennedy is
Inflexion Private Equity has completed the IPO of On the Beach Group, the UK short-haul packaged beach holiday provider, generating a total realised and unrealised return of 3.6x with an IRR of 84 per cent, within just 23 months of ownership.
The flotation of On the Beach has priced on the London Stock Exchange, with a market capitalisation of GBP240 million.
On the Beach operates a market leading technology platform, developed in a highly agile environment with constant innovation and personalisation to deliver a rich customer experience. Inflexion’s buyout in October 2013 helped On the Beach exploit the structural
Africa private equity specialist Development Partners International (DPI) continues to grow, having moved to larger offices last December to accommodate the firm’s 24 staff after doubling in size in the past two years alone.
The firm has also entered their heartland Africa, with an office opening in Lagos, Nigeria, last December, their first on the continent, headed by Idris Mohammed, a long-standing Partner with DPI.
DPI has also expanded its team with three senior appointments year to date alone: Marc Stoneham, who joined the firm as Portfolio Manager from McKinsey where he worked as Engagement Manager responsible for Africa;
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
