Managers
Iron Pillar has closed its USD45 million Top Up Fund, which will top-up the Iron Pillar Fund I that held its final close in 2018 with capital commitments of USD90 million.
With this new infusion of funds, Iron Pillar has added three global institutions including alternatives investor 57 Stars and one European family office to its investor base.
The Top Up Fund, which was oversubscribed to its hard cap, will provide Iron Pillar additional capital to back specific Fund I portfolio companies.
Fund I has made eight investments so far, including one exit from SaaS company Now Floats, acquired by
LitCapital, a dedicated private equity growth investor in the Baltics, has made its sixth successful exit in a row selling its holding in NNL LT, a logistics service provider focused on temperature-controlled goods, operating in Lithuania and Latvia. LitCapital sold its stake to the Founders of the Company.
This investment has generated 4.0x CoC return for the Fund. Currently realized gross result of the Fund exceeds 26 per cent IRR. All LitCapital realized exits have generated 2.0x-5.7x returns.
LitCapital invested in NNL LT in 2012. Group’s revenues grew nearly fourfold and EBITDA more than doubled after substantial investments in warehouse
Global growth private equity firm TA Associates has agreed to make a strategic growth investment in Honan Insurance Group, a Melbourne-based commercial insurance broker.
The deal is expected to close in the second half of 2020. Honan’s Group CEO and executive director Damien Honan, CEO Andrew Fluitsma and COO Laurence Basell will continue to lead the business and be shareholders alongside TA following the transaction.
Honan designs, prices and negotiates insurance policies on behalf of corporate clients. The company’s main verticals are in the corporate, strata, real estate and employee benefits markets, mainly in Australia, New Zealand and Southeast
A new fund advised by VI Partners held its first close in April on EUR71 million. The fund will focus on medical and deep tech innovations from the Swiss scientific research ecosystem, and hold a final close in 2021.
Anyfin – a Stockholm-based startup that enables consumers to refinance their existing loans, avoid high credit costs and improve their financial health – has secured USD30 million Series B round, led by EQT Ventures.Other participants in the round include existing investors; Accel, Northzone and Global Founders Capital (GFC).
Dedicated to making finance easier and fairer for consumers, Anyfin will use the investment to drive product innovation, launch additional offerings and scale into new European markets. The company is on a mission to improve the financial wellbeing of Europeans and put them back in control of their finances, which has become
Private equity and venture capital fundraising hit EUR109 billion, up 6 per cent, in 2019, and the highest total over a decade, according to new data from Invest Europe.In parallel, the total equity amount invested in European companies increased 10 per cent year-on-year to EUR94 billion in 2019, the highest level on investment ever recorded.
Invest Europe, the association representing Europe’s private equity, venture capital and infrastructure sectors, as well as their investors, today published its “Investing in Europe: Private Equity Activity 2019” report – the most comprehensive and authoritative source of fundraising and investment data available, covering over 1,400 firms.
Alongside Rand Merchant Bank Ventures (RMBV) and other shareholders, Ninety One, via its Africa Private Equity Fund 2 (91APEF2), has sold a portion of its equity investment in Kamoso Africa (Kamoso) to the Botswana Development Corporation (BDC). Founded in 2015, Kamoso has established itself as one of Botswana’s leading diversified fast-moving consumer goods (FMCG) platforms. Ninety One and RMBV acquired a controlling stake in Kamoso in 2017, in what was believed to be Botswana’s largest ever private equity investment.
In this transaction, BDC acquired a 24 per cent shareholding in Kamoso and has joined the board.
Ian Dewar, CEO of
Parabellum Investments, an international investment firm specialising in the mid-market, has teamed with operational investors The Acacia Group to acquire The Column Group a privately-owned technology consulting, systems and services provider. Working in partnership with the Column management team, Parabellum and Acacia plan to accelerate the company’s growth with new investment in the brand, strengthening strategic customer and partner relationships, a renewed focus on operational effectiveness, and market expansion through acquisition.
The deal follows Parabellum Investment’s recent acquisition of Advanco, a specialist in product serialisation software, providing a strong launchpad for further US acquisitions. Rami Cassis, founder and CEO of Parabellum
Blockchain Valley Ventures (BVV), a blockchain technology-focused venture capital firm, in collaboration with Delio, a provider of private markets investment technology, has launched the BVV Dealroom – a virtual deal marketplace for blockchain startups and investors. The new platform – one of the first of its kind in the blockchain space – will offer a solution to the current funding bottleneck that has beset many startups, owing to the Covid-19 related restrictions imposed across the world.
Heinrich Zetlmayer, Founder and General Partner of BVV, says: “We are on a mission to provide the essential support that startups require during these
FalconX is to expand its digital asset trading platform following a new USD17 million VC funding round. Read the full story at Hedgeweek…
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