Managers
Private Equity Wire’s Technology Summit kicked off on Wednesday, an event that will look at how digitisation and the adoption of new technologies are shaping the world of private equity and some of the future trends in private equity tech.
Sovereign Capital Partners’ portfolio company ACOLIN, a provider of regulatory and cross-border fund distribution services, has acquired Fundbase, a digital fund distribution and data management business, from Swiss FinTech business Nectar Digital Wealth.
This is ACOLIN’s first acquisition since Sovereign backed the MBO of the business in June 2020 to further develop its client base and service offering through a strategy of organic and acquisitive growth.
Fundbase provides asset managers with access to professional investors through a digital marketing and communication portal. For investors, it delivers a sophisticated data and document management offering to track selected funds. The acquisition gives
Mid-market private equity firm LDC has exited its investment in ADEY, a UK specialist in solutions to protect water-based heating systems, to Polypipe Group plc (Polypipe), a provider of sustainable water and climate management solutions for the built environment.
The transaction values the business at GBP210 million.
Gloucestershire-headquartered ADEY specialises in the design, manufacture, and supply of innovative products and services that significantly improve the effectiveness of domestic and commercial heating and cooling systems and water treatment systems.
LDC invested in ADEY in June 2016 to support domestic and international expansion. During a four-and-a-half-year partnership, the business has
After the success of its Smart City I Venture fund, Eurazeo has announced the initial closing of its Smart City II Venture fund at EUR80 million to invest in the most promising energy, mobility proptech and logistics start-ups worldwide.
This first round of fundraising has brought together top-tier investors including longstanding partners of Smart City II Venture Fund as well as new partners in Europe and Asia: French, German and Asian groups (carmaker Stellantis, electric utilities EDF and Mainova, public transportation operator RATP, energy major Total, logistics champion Duisport and Thaï real estate developer Sansiri), institutional investors as PRO BTP
BGF has exited its investment in Arcinova, a UK-based multi-service contract development and manufacturing organisation (CDMO).
Following a period of growth and expansion, the business has been acquired by Quotient Sciences, a drug development and manufacturing accelerator, backed by the global private equity firm Permira.
Marking its first investment in life sciences, BGF invested GBP5 million into Arcinova in 2018. The funding was used to accelerate growth by increasing production capacity and recruiting more staff. BGF’s team provided strategic support to Arcinova’s growth strategy, including supporting the strengthening of its Board and management team, and recruiting chief executive Roger
Agronomics, a listed investor in alternative proteins with a focus on cellular agriculture and cultivated meat, is pleased to announce portfolio company
New Age Meats (trading name for Simply Foods, Inc), a cultivated and plant-based meat startup with an initial focus on pork, and a portfolio company of Agronomics, has raised a further USD2 million via convertible debt.
In total, the company has raised USD7 million and is now targeting a Series A funding round in the coming months.
In July 2019, Agronomics, which invests in alternative proteins with a focus on cellular agriculture and cultivated meat, cmpleted a subscription
Emerging Asset Management Ltd (EAM), a provider of turnkey solutions for alternative fund launches, has reached the milestone of USD1 billion in assets under management (AUM).
Read the full story at Hedgeweek…
Lusha, a crowdsourced data community for B2B salespeople, has raised USD40 million in a Series A funding round from growth equity firm PSG.
The funding will allow Lusha – which has enjoyed substantial organic growth as a bootstrapped startup – to further grow its sales community to make accurate data accessible to all B2B sales professionals through simple and cutting-edge sales technology.
Lusha’s cloud-based platform enables salespeople to share accurate contact and company information with each other, providing sales professionals with vital insights on the customers they target. Lusha also recommends relevant prospects and organisations, eliminating cumbersome research and
OpenOcean, an pioneering investor in data solutions and software, has announced a EUR92 million raise for its third main venture fund.
Maven Capital Partners (Maven) has led a GBP1.75 million investment into marketing technology company, Leaf.fm Ltd (Leaf).
The performance marketing services provider secured GBP1 million through the North East Development Fund, supported by the European Regional Development, and GBP750,000 through The Future Fund, a government scheme backed by the British Business Bank. Funding will enable Leaf to invest in its engineering and data science teams, sales & marketing activities and expand its Newcastle operations to deliver on its ambitious expansion plans, whilst continuing to roll out a number of exciting product enhancements.
Newcastle-based Leaf is a technology company that provides
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