Managers
Insulation and fire protection expert Aran Services has secured GBP1.5 million in working capital from Independent Growth Finance (IGF). The funds, which were raised using invoice discounting, were used to support the recent MBO and to provide working capital to support the continued growth of the business.Founded in 2004, the Suffolk-based company specialises in domestic and commercial energy efficiency and fire safety, working with schools, social landlords, local authorities, utility providers and home owners, to ensure their systems are up to scratch.
Aran Services serves the most vulnerable in society, with innovations lowering the cost of bills, reducing carbon emissions
Approximately 80 per cent of private equity sponsors believe there could be up to a 25 per cent reduction in the value of portfolio investments in their Q1 valuations, according to a new survey by Gen II Fund Services.The survey also shows there is still a high degree of uncertainty regarding the long-term effects of COVID-19 on investments and as a result, traditional methodologies for valuing portfolio investments are less reliable. For Q1, sponsors are considering a combination of approaches, including public company comparables, third party valuation services, and adjustments to previously applied valuation methodology.
“The survey gives our clients important
BGF has reported strong investment and financial performance in its 2019 Annual Report and Accounts.BGF surpassed the GBP2 billion investment milestone and surpassed 300 companies backed in total during the year. Against the backdrop of ongoing Brexit uncertainty, BGF continued to remain very active in 2019 investing more than GBP200 million in 45 new portfolio companies and providing a further GBP144 million in follow-on funding across 67 investee businesses.
BGF’s evergreen funding model, which sees it recycle proceeds and provide follow on capital to its portfolio, is now a well proven model to deliver patient capital at scale.
BGF also
Ara Partners, a private equity firm specialising in industrial decarbonisation investments, has closed its debut fund, Ara Fund I, with approximately USD400 million in capital commitments. Ara Partners was co-founded by veteran investors Charles Cherington and Troy Thacker.
The Fund will invest in companies in North America and Europe that are poised to accelerate the decarbonisation of the industrial economy. The Fund was backed by a diverse group of institutional investors in North America, Europe and Asia, including public pensions, sovereign wealth funds, endowments, foundations and family offices.
“We’re pleased to announce our fund closing, and we look forward
DOB Equity, a Dutch family-backed impact investor in East Africa, has made a further investment in Moringa School (Moringa), a technology learning institute based in Kenya.The investment is to help Moringa accelerate the company’s transition to providing remote on-line learning. Since the Covid-19 outbreak, there has been an increased demand for online learning.
DOB says that equipping students with the right digital skillset to enter the job market is particularly important considering the increased economic uncertainty caused by the Covid-19 pandemic. As technology companies globally soar because of an increasingly digital world, the demand for software developers and data
Metropolitan Partners Group Management, a direct-lending fund manager that provides senior-secured, short-term capital to small and mid-sized businesses in the US, completed the final closing of its sixth and largest direct lending fund, Metropolitan Partners Fund VI, in the first quarter of 2020, with total fund commitments of USD240 million. Fund VI continues Metropolitan’s strategy of investing in US non-sponsored companies in the lower middle market with revenues under USD100 million that have not yet received institutional investor capital and require additional capital in order to achieve scale in their fundamental growth or emerge from a special situation.
“We are very
A Cheltenham company whose software helps businesses to automate their processes more rapidly has raised GBP2.2 million from the Northern Venture Capital Trust (VCT) Funds, which are managed by Mercia.The investment will allow Enate to further develop its platform and expand its customer base and distributor network across Europe and Asia.
Launched in 2017, Enate now has customers worldwide ranging from smaller services firms to major insurers, banks and professional services firms like EY and Capgemini. The company has been growing revenue by 200 per cent year on year and has seen increased demand since the lockdown, as businesses
Bought By Many, a London-based pet insurance provider, has secured a GBP78.4 million (~USD98 million) growth equity investment led by FTV Capital, a US financial services-focused growth equity investment firm, alongside follow-on from numerous existing investors.The capital raise follows impressive growth for Bought By Many, which launched its market-leading suite of pet insurance policies in 2017 and now insures over 200,000 pets.
Sales of the company’s cat and dog policies increased by more than 150 per cent over the last year. Thousands of pet owners voted Bought By Many the UK’s Most Trusted Pet Insurance Provider in 2019. The company
RLG Capital & Trinity Private Equity Group has made a USD38 million investment in learning solutions company eLearning Brothers, enabling its simultaneous acquisition of industry innovators Trivantis and Edulence. Co-investors include HCAP Partners and Eagle Marsh Holdings with a senior debt facility provided by KeyBank N.A. This investment launches eLearning Brothers as a unique eLearning platform that combines high-quality courses and related content with Lectora, an industry-leading rapid authoring tool, CenarioVR, a cutting-edge virtual reality course builder, and KnowledgeLink, a nimble learning management system (LMS), creating a complete online ecosystem to better serve learning professionals.
“This investment combines the industry-leading courses
Nordic real estate investor NREP has secured a minority investment from Novo Holdings. NREP, which is controlled by its senior partners, will now be able to invest more into its own funds while accelerating ventures into technology, sustainability and understanding customers.
NREP has developed a series of innovative real estate products within co-living, student housing, care homes and modern logistics. Novo Holdings becomes a non-controlling minority shareholder by injecting capital into NREP, to accelerate the company’s further development of customer-centric, sustainable real estate concepts and support NREP’s ambition to improve the built environment and pioneer the industry.
”Novo Holdings is well-reputed
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
