Managers
By Richard Beresford, partner and chairman of McCarthy Denning – Special Purpose Acquisition Companies (SPACs) have been grabbing the headlines recently in the US, with record amounts being raised for these so-called “blank-cheque” companies: over USD27.5 billion so far this year, including the USD4 billion garnered by Bill Ackman’s Pershing Square Tontine Holdings.
That is by far the largest amount ever raised by a single blank cheque vehicle. Not only have the amounts raised been rising, but there has been a shift in focus towards Silicon Valley, with veteran tech VC players, such as Kevin Hartz, who was an early backer of Airbnb
Mezzanine Management has sold its significant minority stake in MBL Group, a European manufacturer of medical mobility devices it has backed for nearly four years, in a sale to INVL Baltic Sea Growth Fund.
This is the seventh successful exit for Mezzanine Management’s AMC Funds in the last 12 months. The transaction generates a strong IRR and money multiple for investors following a partnership which saw profits more than double as the business grew.
Mezzanine Management provided a EUR15 million combined debt and equity package through AMC III in October 2016 to support the company’s continued growth. During the
Intercontinental Exchange, an operator of global exchanges and clearing houses and provider of mortgage technology, data and listing services, has received regulatory approval for, and completed, its USD11 billion acquisition of Ellie Mae from leading private equity firm Thoma Bravo.“We are excited to begin the next important chapter in our journey to digitise the residential mortgage industry,” says Jeffrey C Sprecher, Founder, Chairman and CEO of Intercontinental Exchange. “Ellie Mae’s industry leadership and best-of-breed technology will better enable us to further accelerate the automation of the mortgage origination workflow, which will benefit stakeholders across the production chain, including consumers.”
Ellie
Investcorp, a global provider and manager of alternative investment products, has invested in Terminus Technologies, an artificial intelligence (AI) CITY and smart service provider in China. Investcorp has been investing in tech-enabled businesses for 20 years and focuses on identifying companies that it considers to have established business models and are supported by long-term secular growth trends such as AI.
Investcorp believes that its strategic investment in Terminus Technologies will not only contribute to the company’s growth, but it also reflects its confidence in the overall AI CITY layout and business model promoted by Terminus Technologies.
Ever since its
Iron Pillar, a VC firm focused on investing in Indian high growth tech companies, recently onboarded Cyrus Wadia, head of sustainability at Amazon, to guide its companies on sustainability.
FSN Capital V has signed an agreement to acquire a majority stake in MHP Solution Group (MHP), a leading provider of logistics software in the DACH region, from Elvaston Capital. Existing management and current owners will re-invest alongside FSN Capital V and continue to own material stakes in the company. FSN Capital V is expected to obtain an ownership of 77 per cent in the group, with the remainder to be held by management and the seller.
MHP was founded in 1999 providing software that automates the shipping of goods and parcels and has since developed into one of the leading
Compusoft Group, a global software provider in the kitchen, bathroom and furniture industry, is to acquire Soft Tech. The acquisition of Soft Tech, a provider of software solutions for the window and door industry, will expand Compusoft’s presence into this market.Soft Tech’s software is exclusively built to design, estimate and manufacture windows and doors, with a key focus on the commercial and residential window, door and curtainwall space. Soft Tech offers a portfolio of innovative solutions to help fenestration businesses right through their life cycle, from quoting to manufacturing.
The acquisition of Soft Tech is aligned with Compusoft’s mission
Law firm RPC has supported a significant insurance transaction advising long duration insurance investor Beat Capital Partners in its strategic partnership with Bain Capital Credit, a global credit specialist.The deal was announced on 1 September and will close once regulatory approvals have been obtained. It will create a dedicated underwriting vehicle, funded by Bain Capital Credit, which will provide capital through Syndicate 4242 to support Beat’s underwriting businesses operating in the Lloyd’s market. Bain Capital Credit will become a significant investor in Beat and will join the board of directors.
This transaction is an important milestone in the progression
Turquoise, a London-based merchant bank specialising in energy, environment and efficiency, has announced its latest investment through Low Carbon Innovation Fund 2 (LCIF2) in Spark EV Technology. The investment, worth GBP160,000, is part of an ongoing GBP530,000 funding round for Spark EV Technology. This will support the company’s automotive market growth, assist business development efforts into China and expand its reach to European and North American customers. Harnessing live data and machine learning, Spark’s AI-based software produces highly accurate, personalised range predictions for electric vehicles.
With individual predictions typically ten times more accurate than existing OEM solutions, Spark aims to
I Squared Capital has completed the sale of Etenorte and Eteselva to Interconexión Eléctrica – ISA Peru for a USD158.5 million total cash consideration. Etenorte and Eteselva are regulated assets with over 740 kilometres of power transmission lines in Peru and were wholly owned subsidiaries of Inkia Energy, a portfolio company of I Squared Capital’s power generation and distribution facilities in nine countries across Latin America. In 2019, Etenorte and Eteselva generated approximately USD12 million in revenues.
“I Squared Capital continues to be at the forefront of global infrastructure investing through a combination of platform building and large opportunistic transactions,” says
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
