Managers
Paris-based start-up Akur8 has raised EUR8 million (USD8.9 million) in a Series A funding round from BlackFin Capital Partners and MTech Capital.
Xirgo Technologies a portfolio company of middle-market private equity firm HKW, has acquired assets and technology of Palo Alto-based Owlcam. Financial terms of the transaction have not been disclosed.“We are excited about adding Owlcam’s technology to the Xirgo product portfolio and the immediate impact it’s going to bring to our enterprise customer base,” says Shawn Aleman, CEO of Xirgo. “Delivering AI camera technology with our existing vehicle telematics products was already part of Xirgo’s short-term road-map and strategic vision. The addition of Owlcam technology has allowed us to accelerate that vision, putting us significantly ahead of our original timelines.”
Owlcam’s
Global law firm White & Case LLP today released the results of its Global M&A Sentiment Tracker, a global survey of 800 senior M&A executives in a wide variety of sectors. The survey was conducted in the US, Europe, Asia-Pacific and Latin America in the fourth quarter of 2019 (before the beginning of the coronavirus crisis).Dealmakers across the globe are optimistic about the outlook for M&A activity in the coming year, with 86 per cent of respondents saying they expect M&A activity to increase in their region in 2020.
That’s according to Global law firm White & Case’s Global M&A
Palatine-backed TTC Group has completed the bolt-on acquisition of licence checking and document verification business Licence Bureau.The strategic acquisition sees TTC Group broaden its corporate fleet customer base and further strengthen its compliance capability within its proprietary technology platform, Continuum.
Founded in 2003, Licence Bureau provides licence checking and document verification services for SMEs and large corporates. The company has one of the UK’s largest corporate fleet client bases, with more than 1,400 companies utilising its services, including over 20 per cent of FTSE 100 companies. From its base in Hemel Hempstead, the company has completed more than 4
As WHO classed the Coronavirus outbreak as a pandemic yesterday and governments are taking increasingly significant steps to ensure that businesses can weather the storm, private equity firms are holding back on M&A for the time being, according to Eight Advisory.
As the UK Government is about to step up its response and move from “contain” to “delay” phase, while the Chancellor announces measures for how small businesses can cope with the negative effects of Covid-19, the full impact of the outbreak on the private equity industry remains to be seen.
“Businesses that were presenting attractive medium and long term
LSP, a life sciences investor in Europe, has held its final close of LSP 6 at the USD600 million hard cap. This is the largest fund ever raised in Europe focused on life sciences ventures. LSP currently has USD1.1 billion of capital to invest across LSP 6, the LSP Health Economics Fund and LSP’s public fund and mandates.
LSP 6 will, like its predecessor funds, invest in 15-18, predominantly European private companies developing new medications or medical technologies, who turn cutting-edge scientific innovations into real-world healthcare solutions.
Due to strong investor demand LSP was able to raise USDF600 million, significantly more
Varagon Capital Partners (Varagon) is serving as Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a senior secured credit facility to support the acquisition of ALC Schools, by affiliates of Palladium Equity Partners (Palladium).ALC offers alternative student transportation solutions for a variety of student populations, including special education, homeless, foster and other in-need students. ALC’s transportation solutions ease school districts’ transportation challenges by providing an exceptional level of safety and consistency for their most vulnerable students. Each day, ALC coordinates transportation for hundreds of districts and thousands of students across the country.
ALC has 23 field offices across the
Overhaul, a real-time supply chain integrity technology solution, has secured USD17.5 million in a growth investment round led by Edison Partners, with participation from Overhaul’s existing investor, Abbey International Finance Group. Launched in 2016, Overhaul leverages visibility to detect and automatically correct noncompliance within supply chains and has grown to be a trusted provider of integrity solutions for pharmaceutical, high-tech and food industry Fortune 100s moving freight globally.
Overhaul plans to use the investment to achieve its aggressive growth goals in 2020, bolster product offerings to support broad market use, grow its team in North America as well as in its
JLL Partners (JLL) has entered into a partnership with Bart Doedens, a specialist in the biomedical industry, to form Renovo Health, which seeks to buy, build, and develop materials technologies to provide a platform for improved efficacy across a spectrum of medical and dental procedures while offering an opportunity for near-term expansion. Renovo Health will focus on partnering with existing best-in-class operators, leveraging its deep expertise and organisational capabilities to facilitate organic growth as well as through the development of complementary offerings, operational improvement initiatives, and strategic mergers and acquisitions. JLL Partners has initially committed USD100 million to capitalise Renovo Health
Low interest rates and favourable debt markets have made it easier for private equity firms to pick up market-leading IT businesses, according to the. latest IT & Business Services M&A market report from Hampleton Partners, an international technology mergers and acquisitions adviser.The report highlights how PE buyers have grown their share of the sector’s M&A activity to 15 per cent of all transactions in 2019, compared to just under five percent in 2014.
PE firms armed with record amounts of capital are making big investments in the nine – or ten-digit range pushing up median deal sizes.
In 2018, the
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
