Managers
Newcastle-based, Luminous Group, a mixed-reality company, has raised over GBP400,000 to support the launch of a new software to reduce hygiene risks in food processing plants.
The investment round was led by the North Eat Venture Fund (NEVF), which is supported by the European Regional Development Fund and managed by Mercia. Luminous Group is planning to create 28 new jobs over the next three years as it expands it management and technical teams.
The software, traXR, will help prevent outbreaks of pathogens in food manufacturing plants by using artificial intelligence to identify high risk areas where dangerous bacteria could
Alpha Private Equity (Alpha), an investor in the European mid-market segment, has entered in exclusive negotiations with Naxicap Partners to acquire a majority stake in Vervent Audio Group, the holding company of Focal JMLab and Naim Audio, two providers working in high-end acoustics and electronics markets.
Vervent Audio Group is a manufacturer and distributor of high-end and luxury audio equipment. The group has over 40 years of experience in the design and manufacture of audio equipment such as home or professional studio speakers, headphones and car speakers. The group has three production sites located in France and the United Kingdom
Speechmatics, a specialist in machine learning and automatic speech recognition, has raised GBP6.35m in Series A funding led by AlbionVC; IQ Capital followed on in this round along with several angel investors.
Speechmatics has built one of the most accurate speech recognition technology engines in the world. The technology is currently available in 29 languages, either in the cloud or, crucially, on-premises – a critical feature for businesses who do not wish or are unable to share data in the cloud. The diversity of languages and accuracy of the technology sets Speechmatics apart from other global brands in speech
London-based asset management consultancy MJ Hudson is to acquire the Jersey administrator, Anglo Saxon Trust (AST), subject to Jersey Financial Services Commission regulatory approval and certain other conditions.
AST is an established provider of company and trust formation, registrar and administration services and is regulated by the Jersey Financial Services Commission.
The acquisition follows the purchase by MJ Hudson of the Dutch ESG business of Spring Associates in July and US/UK benchmarking and analytics business Amaces at the end of 2018. It adds to MJ Hudson’s existing operations in Jersey and helps consolidate a growing pan-Channel Islands business for
Maven Capital Partners (Maven), one of the UK’s most active private equity houses, has led a GBP5.3 million funding round in E-Fundamentals, a leading eCommerce insights platform.
London and Edinburgh-based e.fundamentals is a market-leading ecommerce analytics platform that helps many of the world’s largest brand owners rigorously improve the sales and profit performance of their products on retailers’ and wholesalers’ websites.
The investment will give e.fundamentals, which already operates in 10 countries, the ability to deliver services in more key ecommerce regions and globally. This will include a launch in the US with a version of the e.fundamentals platform
Mubadala Capital has launched its first MENA-focused tech investment funds. With a total of USD250 million (AED 918 million), the Mubadala MENA tech funds will capitalise on the growing startup scene in in the region while empowering tech talent in the Emirates and across the wider region.
The funds will include a USD150 million (AED 550 million) fund of funds program, which will invest in funds that are committed to supporting the Abu Dhabi-based Hub71 ecosystem, including through investing in companies that leverage Hub71 for regional expansion and growth. As part of this program, Mubadala Capital also announced that it will
Global investment manager AMP Capital has agreed to acquire Expedient (Continental Broadband,), a leading US provider of cloud computing and data centre services, from Landmark Media.
Expedient offers an integrated suite of colocation, cloud, managed services and network access products to a highly diverse base of over 1,200 customers. The business operates 11 self-directed data center facilities and leverages a half dozen partner facilities in order to provide critical outsourced information technology solutions to a range of businesses and industries across the US from its eight operational locations in Baltimore, Boston, Cleveland, Columbus, Indianapolis, Memphis, Phoenix and Pittsburgh.
Expedient’s
Middle-market private equity firm One Equity Partners (OEP) has completed the acquisition of ORS MEDCO, a wholesaler of maintenance and repair focused non-discretionary and consumable industrial and automotive aftermarket products, from Essendant. in a corporate carve-out transaction.
Financial terms of the transaction have not been disclosed.
Headquartered in Deerfield, Illinois, ORS MEDCO distributes safety and security products, tools, body shop & repair products, welding, paint, chemicals, and abrasives operating through its ORS Nasco, Medco, and Nestor distribution networks. The Company has 1,100 employees and 35 facilities that serve over 15,000 independent distributors, national distributors and online resellers.
“We
Pan-European payment processor, Lemon Way has secured a EUR25 million investment from London-based specialist financial services investor, Toscafund Asset Management (Toscafund).
The transaction is Toscafund’s first private equity investment in France.
Lemon Way is a Paris-based regulated payment institution focusing on marketplaces, crowdfunding platforms and e-comerce websites that require payment processing, wallet management and third-party services in a KYC/AML-regulated framework. It currently manages over seven million payment accounts. Lemon Way offers an all-in-one solution of modular and proprietary API-based services ranging from on-boarding to cash pay-out flows.
Toscafund’s investment will allow Lemon Way to expand its output and
Whitney, Bradley & Brown (WBB), a portfolio company of HIG Capital (HIG), a global private equity investment firm with over USD34 billion of equity capital under management, has acquired BRTRC Federal Solutions (BRTRC).
Headquartered in Vienna, Virginia, BRTRC is a provider of support services across the Army and other US Department of Defence and Intelligence Community agencies. Over the past 30 years, the BRTRC team has developed domain expertise within critical capabilities including systems and vehicle integration, prototyping and commercialisation, strategic communications and cyber security.
Robert Olsen, CEO of WBB, says: “The addition of BRTRC’s capabilities and expertise to
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
