Managers
BID Equity, a DACH-region software buyout specialist, has closed BID Equity Fund II at its hard cap of EUR125 million in its second and final close, with a significant additional commitment by the BID Equity team.
Hamburg-based private equity firm BID Equity is pleased to announce the successful final closing of its advised BID Equity Fund II, the first institutional fund following three years of deal-by-deal investment activity in the small-cap software space in Europe.
BID Equity Fund II attracted a diversified group of institutional blue-chip investors, international family offices and entrepreneurs from Europe and the US. The Fund was
Iotic has secured investment of EUR7.5million to accelerate growth and meet increasing demand for its digital twin technology.
Iotic enables enterprises and their ecosystems of assets, objects, companies and people to interact automatically and securely. The digital software company provides the secure operating environment and tools to create digital twins of any thing, enabling their secure interactions, and building true interoperable ecosystems.
The investment from leading European VCs; IQ Capital, Talis Capital and Breed Reply, will drive rapid deployment, deepen channel partnerships and expand market adoption of its patented Iotic Operating Environment, Twin technology and Event Analytics. The funding
BlackRock’ has held the first close of the European Middle Market Private Debt Fund II, its European direct lending strategy, with EUR1.5billion in commitments – including segregated mandates.
The fund is managed by Stephan Caron.
The first close of EMMPD II has surpassed the final close of the previous fund (EMMPD I). The Fund has received commitments of EUR1.2 billion with a further EUR300 million in segregated mandates equating to EUR1.5 billion from 24 investors since its launch in June. The previous strategy held its final close at EUR1.1 billion, excluding separate accounts
The fund has received commitments from both
Private equity firm Lonsdale Capital Partners’ (Lonsdale) portfolio company Cross Rental Services Group has completed the acquisition of Swegon Hire UK (Swegon).
The acquisition cements Cross’ position as one of the largest specialist chiller, boiler, heating & air conditioning rental companies in the UK and Irish market.
Lonsdale has now completed thirteen bolt-on acquisitions for its portfolio companies and eight platform investments, since closing its first institutional fund of GBP110 million in April 2016.
Cross, which Lonsdale acquired in December 2018, is a market leading provider of rental equipment to both retail and commercial customers. It was established
Ardenton Capital Corporation (Ardenton) has acquired Pebbles Care, a provider of residential care and education for young people across the United Kingdom. This is Ardenton’s sixth investment in the UK.
Headquartered in Leeds and Dunfermline, Pebbles currently operates 41 residential care homes and four schools, providing care and education across the North of England and Scotland for more than 100 young people.
Ardenton will work closely with the business’ management team, and the investment will support Pebbles in its roll-out of best-in-class service for young people.
The company was founded in 2003 when company director Luiz Guilherme opened Pebbles House
Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, has acquires a 24.9 per cent stake in the public-private partnership (PPP) contract for the trains, systems, operations and maintenance of Sydney Metro, Australia’s biggest public transport project, which includes both the North West and City & Southwest lines.
The total value of the transaction is AUD167 million (CAD150 million). Other investors include MTR Corporation Limited, Marubeni Corporation, Plenary Group and CIMIC Group Limited.
The Metro North West Line opened in May 2019 with 13 metro stations in Sydney’s North West. It is being extended into the Sydney city
Trouva, an online destination for unique products from the best curators around the world, has raised GBP17 million in further investment to accelerate international expansion.
The funding was led by Octopus Ventures, alongside C4 Ventures and Downing Ventures, with BGF and LocalGlobe also participating in the round.
Launched in London in September 2015 and co-founded by Alex Loizou, Mandeep Singh and Glen Walker, Trouva is one of the five most exciting high-growth startups in the UK (Startups 100 Index 2019). By enabling customers to discover beautiful, hard-to-find products, handpicked by the world’s best curators from Shoreditch to Stockholm, Trouva ensures they no longer miss out on
BGF, the UK and Ireland’s most active investor in growing businesses, has welcomed the Australian Government’s announcement to establish an Australian Business Growth Fund that will help boost the growth of small and medium businesses.
This is as a result of an in-principle agreement between the Government and leading banks; NAB, CBA, Westpac and ANZ, together with HSBC Australia, NAB said it was pleased to support a new way for Australian small and medium businesses to access long-term equity capital.
Welcoming the news, Stephen Welton, CEO of the UK BGF, says: “This is a huge milestone in the international expansion
Shinhan Investment Corp (Shinhan), Samtan Co (Samtan), EIP Investment Co (EIP Investment) and KDB KIAMCO, a South Korean-based consortium of infrastructure investors, has acquired a 50 per cent ownership interest in the Utopia Pipeline (Utopia) from investment funds affiliated with Riverstone Holdings.
Originating in Harrison County, Ohio and delivering to the Sarnia petrochemical market in Ontario, Canada, Utopia is a recently-constructed 268-mile pipeline that transports ethane sourced from the Marcellus and Utica shales. In 2016, Riverstone formed a joint venture with Kinder Morgan Inc. (Kinder Morgan) to construct Utopia. Kinder Morgan will remain the pipeline’s operator and continue its ownership
European venture capital activity saw EUR5.9 billion invested across 296 rounds during the third quarter of 2019, the strongest quarter on record according to research by Refinitiv.
During the first nine months of 2019, total venture capital investments reached EUR17.4 billion across 1,113 rounds, a 52 per cent increase by investment value compared to a year ago and higher than any annual total save for 2000, the height of the dot-com era.
Greg Beaman, Manager, Private Equity Contributions at Refinitiv, says: “Instead of returning to previous levels following a substantial start to the year, the pace of European venture
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