Managers
Guru Capital has closed its acquisition of London based ETX Capital, a provider of multi-asset CFD products, from UK private equity firm, JRJ Group. The transaction is closing after receiving approval from the UK’s Financial Conduct Authority (FCA). Additionally, Guru Capital partners Luca Merolla and Ryan Nettles have been appointed as non-executive directors to the ETX Capital Board of Directors.
Founded in 1965, ETX Capital has become one of the UK’s leading online brokers. Guru Capital intends to leverage the strong ETX Capital brand, its proprietary technology and its talented team to expand the business in the UK. The team also
MJ Hudson has advised Kindred Capital, early stage venture capital firm, on the establishment of a venture capital fund in Luxembourg which will focus on investments in a diversified selection of high-potential early stage technology start-ups in the UK and Europe. Investors in the fund included British Patient Capital, a subsidiary of British Business Bank which also supported Kindred Capital in respect of the launch of its first fund as well a number of institutional investors who have chosen to re-up. Kindred Capital II achieved final closing being oversubscribed with investor commitments above its target size of GBP80 million.
The MJ
Private equity fund management company LitCapital has closed its second fund – LitCapital Opportunity Fund at EUR34 million. All investors of the predecessor fund have made commitments into the new fund, almost all of them have increased their commitments. In addition, LitCapital managed to attract key institutional Baltic pension fund investors. Solid fund size and willingness of Fund investors to co-invest provides LitCapital with opportunities to provide substantial growth capital investment to companies in the range of EUR 3-10 M per company. In addition, LitCapital Opportunity Fund geography has expanded into all Baltic countries, Nordics and Poland.
LitCapital so far
Allegro.eu (Allegro), a Polish global e-commerce platform and the leading and most recognised internet brand in Poland, completed its successful listing on the Warsaw Stock Exchange (WSE) with its shares trading under the symbol ALE.
Private equity fund Elaghmore has successfully closed an additional GBP30 million fund to add to its initial Elaghmore Fund 1.Elaghmore co-founders David Manning and Andy Ducker, first launched the fund in December 2016 with an initial raise of GBP60 million from institutions in the US and Europe. Elaghmore has now raised an additional GBP30 million from US institutions to create Elaghmore Fund 1A. The new fund will help Elaghmore capitalise on a growing number of new acquisition opportunities in line with its strategy.
Focused on acquiring small to mid-cap UK industrial companies across multiple sectors, Elaghmore’s investment strategy is
Prime Capital, an independent asset manager and financial services provider managing EUR17.7 billion across multiple funds, has closed its first investment from its newly launched Prime Green Energy Infrastructure Fund (PGEIF). Project Björnberget in central Sweden is one of the largest onshore wind projects to start construction in Europe this year and was developed by RES, the world’s largest independent renewable energy company focused on the development, construction and operation of renewable assets. Prime Capital optimised the project with cutting-edge technology from Siemens Gamesa Renewable Energy (SGRE) and brought in co-investor Enlight Renewable Energy (Enlight), a Tel-Aviv-listed independent power producer, with
Bpifrance and PROPARCO have announced the first closing of Averroès Africa, their fourth fund of funds for Africa. With a target size of EUR 100m, Averroès Africa will invest in African funds dedicated to start-ups and small and medium-sized enterprises in order to continue to support private sector development, employment and innovation on the continent. The Averroès mechanism was launched by Bpifrance and PROPARCO in 2003 to support the development of the private equity market, initially in North Africa, then across the continent with the launch of a first pan-African vehicle (Averroès Finance III) in 2015.
Building on the success
Edgify, a company building AI training frameworks, has secured a USD6.5m seed funding round backed by Octopus Ventures and Mangrove Capital Partners.Edgify’s technology enables any connected device – known as ‘edge devices’ – to interpret vast amounts of data generated at the edge, train a complete AI model locally, and proceed to share that learning across an entire network of similar devices, thereby training them all to identify unique aspects of a given object for use of computer vision, NLP, voice recognition and any other form of AI.
Edgify’s framework can train AI on a network of edge devices ranging
US based private equity firm Warburg Pincus, through its affiliate Orange Clove Investments BV, has entered into an agreement to invest about USD95 million in Home First Finance Company India Ltd (Home First).Warburg Pincus joins existing PE firm shareholders True North and Bessemer Venture Partners.
Home First is a technology driven, affordable housing finance company providing home loans to customers from low- and middle-income segments, who are building or buying their first homes. Over the last 10 years, Home First has sanctioned home loans across India to more than 50,000 customers in 60 districts, covering 11 states and 1 union
Mavason Limited, a subsidiary of the Abris CEE Mid-Market III LP fund, managed by Abris Capital Partners, has signed an agreement with the fund 21 Concordia and its founders to purchase the majority of shares in R2G Polska, operating under the Apaczka brand – a Polish e-commerce delivery solutions provider. The transaction is subject to the standard approval procedure of the Office of Competition and Consumer Protection (UOKiK).
Headquartered in Warsaw, Apaczka functions as a technology platform and an integrator, offering comprehensive shipment services for e-commerce stores, SMEs and SOHO (small office/home office) clients. Apaczka supports companies in the development of
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
