Managers
The latest analysis from the corporate finance firm, conducted in partnership with Experian Market iQ, reveals that bolt-on transactions are more than double that of the corresponding period in H1 2020 (137) and 23 per cent more than H2 2020 (233).
In Q2 2021 however, there was a slight drop in deals compared to the first quarter of the year, with 118 and 168 transactions completed respectively.
On a local level, the majority of regions have seen a drop in private equity bolt-ons in the last quarter, with deals in London and the East of England falling by more than
Fulfilld, a US based warehouse management orchestration platform, has raised USD2.5 million in an oversubscribed seed funding round led by TenOneTen Ventures and co-led by Pi Labs, Europe’s most active proptech VC.
Other investors in the round included seed stage venture fund Matchstick and former CEO of Amazon’s worldwide consumer business, Jeff Wilke.
The company was launched by serial entrepreneurs Yosh Eisbart, Michael Pytel, and Rick Fischer who previously founded and bootstrapped enterprise software and services firm NIMBL, ultimately selling to a publicly traded European competitor in 2018. At the time of their exit in August 2020, NIMBL was a
Align Capital Partners’ (ACP) market advisory, tax and management consulting firm, WilliamsMarston (“WilliamsMarston” or the “Firm”) has acquired Chord Advisors (“Chord”), a provider of accounting advisory services.
Founded in 2012, Chord Advisors is headquartered in Newport Beach, CA. With more than 30 professionals and approximately 500 clients, Chord Advisors offers specialised accounting advisory services, including IPO readiness and technical accounting support to its diverse client base. This transaction marks the second acquisition that WilliamsMarston has completed in the past year and brings the Firm’s headcount to more than 100 seasoned professionals and approximately 1,000 clients, with offices in Boston,
The investment and innovation business True has acquired a majority stake in D2C zero sugar, energy drink business, Sneak to help with international expansion, and build out its distribution channels through a creative approach to marketing and ecommerce.
Sneak, which was founded in 2018 by experienced consumer entrepreneurs Will Peirce and Jonny Teeling, is the product of many years of working together, having founded a number of successful direct-to-consumer brands within the health and wellbeing space. In Sneak the pair have developed a strong brand identity, featuring an instantly recognisable rabbit logo, and built an engaged customer base who are
European asset manager Amundi, has launched the fourth vintage of its core private debt strategy, Amundi Senior Impact Debt IV. This fund is dedicated to financing mid-caps in France and Europe with proven pre-Covid-19 performance and resilience and has already raised EUR650 million in commitments from longstanding investors.
Building on the success of its predecessor, Amundi Senior Debt III, which raised EUR915 million, this new fund follows the same strategy by offering investors diversified exposure to the private senior corporate debt market. Classified as article 8 under SFDR, the strategy will focus on impact financing with an incentive for companies
Leading international law firm RPC has advised the management team of Asta Capital Limited (Asta) on the sale of Asta to Davies Group Limited (Davies).
Asta is the leading third party managing agency at Lloyd’s providing a range of solutions to Lloyd’s and non-Lloyd’s business across the insurance life cycle, and is a key contributor to market innovations from formalisation of the syndicate framework to the development of the Lloyd’s Syndicate-in-a-box framework.
Davies is a leading specialist professional services and technology business serving the insurance and highly regulated markets. It recently concluded a deal for BC Partners to take a
Private investor The Riverside Company has acquired Knowcross through its platform UniFocus. Based in New Delhi, India, Knowcross provides hotel operations management software that covers housekeeping management, guest request and service request management, preventative maintenance and other work order-related solutions to the hospitality industry.
Based in Carrollton, Texas, UniFocus has thrived as an industry leader in workforce optimisation, ensuring its customers have the most advanced solutions in the industry for more than 20 years. The company’s workforce solutions enable customers to automatically predict property-level labor needs across all types of on-site employees, leveraging hundreds of historical internal and external data points.
Netrix, a provider of managed and professional IT services, with a core focus on cloud, security, collaboration, ITSM and application development solutions, has closed the acquisition of PSC Group.
The acquisition adds significant scale to Netrix’s cloud application development and data intelligence practices, leveraging both Microsoft Azure and Amazon Web Services.
“I’m excited to welcome our new colleagues from PSC to Netrix today,” says Rob Dang, CEO of Netrix. “PSC supports an attractive base of midsize and enterprise customers and has a strong track record for properly advising them. The PSC team is full of experts that help their
Investec Growth & Leveraged Finance (Investec) has closed a senior debt package for Gravity Global, a digital marketing business backed by Elysian Capital (Elysian).
Gravity Global is a digital marketing business serving a blue-chip customer base of businesses in B2B sectors and complex markets, across a range of industries including software, financial services, aerospace, industrials, pharma and automotive. The business operates from four offices in the UK, coupled with operations in Poland and Spain, as well as having links with an international network of affiliates.
Gravity Global uses a range of digital marketing strategies to improve brand perception and drive
International private equity firm, Cinven is to make a majority investment in UK financial services group True Potential. Financial details of the transaction have not been disclosed.
True Potential operates across the wealth management value chain, providing advice, investment platform and fund solutions to more than 1.4 million retail clients in the UK. The company has a highly scalable business model, having built a bespoke and proprietary technology platform to serve both financial advisers and clients.
Headquartered in Newcastle, UK, True Potential was founded in 2007 by Chairman David Harrison and CEO Daniel Harrison. The business employs more than
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